Form 990 for tax year 2024

Filed by THE OXFORD FUNDS.

Totals

Total revenue: $432,086,659
Total expenses: $283,678,855
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $138,709,625
Investment income: $293,377,034
Other revenue: $0
Total assets, end of year: $7,515,083,144
Total liabilities, end of year: $31,854,479
Net assets or fund balances, end of year: $7,483,228,665
Program services expenses (Part IX): $283,678,855
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $283,678,855

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

2a · Program service revenue: SALE OF FUND UNITS

total $138,709,625 · related or exempt $138,709,625
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $283,678,855 · excluded $283,678,855
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $9,698,179
7c · Gain or loss

securities $9,698,179 · other assets $0
7d · Net gain or loss

total $9,698,179 · excluded $9,698,179
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: DISTRIBUTION TO UNITHOLDERS

total $283,678,855 · program services $283,678,855
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $6,911,732,053 · end of year $7,483,228,665
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $19,391,581 · end of year $31,854,479
17 · Accounts payable and accrued expenses

beginning of year $19,391,581 · end of year $31,854,479
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $6,911,732,053 · end of year $7,483,228,665

Mission and programs · 2024

Mission

THE OXFORD FUNDS ("THE FUNDS") IS AN ENDOWMENT FUND ESTABLISHED IN THE UNITED KINGDOM IN 1945 AND GOVERNED BY UNIVERSITIES AND COLLEGES (TRUSTS) ACT, 1943. THE FUNDS'S PURPOSE IS TO COLLECTIVELY ADMINISTER THE ASSETS OF TRUSTS THAT ARE ADMINISTERED BY THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD ("THE UNIVERSITY OF OXFORD"), OR OTHER TRUSTEES FOR PURPOSES CONNECTED WITH THE UNIVERSITY OF OXFORD AND THAT ARE U.K. CHARITIES. THE TRUSTS WHICH CONTRIBUTE TO THE FUNDS HAVE A WIDE RANGE OF CHARITABLE PURPOSES, BUT MOSTLY REPRESENT ENDOWMENT MONEY WHICH IS BEING USED TO PROVIDE LONG-TERM SUPPORT FOR ACTIVITIES RELATED TO THE UNIVERSITY OF OXFORD. THE STRUCTURE OF THE FUNDS HAS BEEN SPECIFICALLY DESIGNED TO ENABLE TRUSTS WHICH ARE CONNECTED WITH THE UNIVERSITY AND WHICH SHARE THE INVESTMENT OBJECTIVES AND TIME HORIZON OF THE EXISTING PARTICIPANTS TO POOL THEIR INVESTMENTS.

Activities or mission (Part I)

THE OXFORD FUNDS WAS ESTABLISHED TO COLLECTIVELY ADMINISTER THE ASSETS OF TRUSTS THAT SHARE A COMMON PURPOSE OF PROVIDING LONG-TERM SUPPORT FOR THE UNIVERSITY OF OXFORD.

THE FUNDS'S PURPOSE IS TO PROVIDE LONG-TERM SUPPORT TO THE UNIVERSITY OF OXFORD THROUGH ITS INVESTMENT RETURNS. TOTAL DISTRIBUTIONS AND REDEMPTION OF INVESTMENTS TO UNITHOLDERS FOR THE FUNDS FOR THE YEAR 2024 WERE $283,678,855. THE FUNDS'S REVENUE WAS DERIVED ENTIRELY BY INVESTMENT INCOME AND SALES OF ITS UNITS.

Expenses $283,678,855 · Revenue $138,709,625

As filed on the 2024 return.

Listed in Part VII

MSTRS SCHLRS OF UNIV

OF OXFORD

Total calculated

$0

Hours/week

0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

THE UNIVERSITY OF OXFORD

501(c)(3) · UNIVERSITY · UK

Directly controlled by NA
THE OXFORD FUNDS ENDOWMENT MASTER

501(c)(3) · INVESTING · UK · controlled entity

Directly controlled by TOF CORPORATE TRUSTEE LIMITED

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

OXFORD UNIVERSITY ENDOWNMENT MANAGEMENT

C Corporation · INVSTNT MGMT · UK

Directly controlled by NA
TOF CORPORATE TRUSTEE LTD

C Corporation · CORPORATE TRUST · UK

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2024
Filed: 16 November 2025
IRS schema version: 2024v5.1
Source object: 202513209349301546

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