← CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD

Form 990 for tax year 2023

Filed by CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD.

Totals

Total revenue: $3,629,522,803
Total expenses: $2,647,703,689
Contributions and grants received: $1,143,957,854
Grants paid: $169,318,844
Program service revenue: $2,115,459,195
Investment income: $226,991,696
Other revenue: $143,114,058
Total assets, end of year: $11,256,440,917
Total liabilities, end of year: $3,229,134,623
Net assets or fund balances, end of year: $8,027,306,294
Program services expenses (Part IX): $2,565,826,563
Management and general expenses: $64,030,984
Fundraising expenses: $17,846,142
Program service expenses (Part III): $2,565,826,563

Program services were 96.9% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$53,317,404
1e · Government grants (contributions)

$776,788,869
1f · All other contributions, gifts and grants

$313,851,581
1g · Noncash contributions included above

$13,739,934
2a · Program service revenue: Education

total $695,489,531 · related or exempt $695,489,531 · unrelated business $0 · excluded $0
2b · Program service revenue: Research

total $533,802,572 · related or exempt $533,802,572 · unrelated business $0 · excluded $0
2c · Program service revenue: Publishing

total $756,531,907 · related or exempt $752,620,406 · unrelated business $3,911,501 · excluded $0
2d · Program service revenue: Sales and Services

total $26,995,996 · related or exempt $26,995,996 · unrelated business $0 · excluded $0
2e · Program service revenue: Other project income

total $17,282,714 · related or exempt $17,282,714 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $85,356,475 · related or exempt $85,356,475 · unrelated business $0 · excluded $0
3 · Investment income

total $229,371,755 · related or exempt $0 · unrelated business -$578,075 · excluded $229,949,830
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $108,698,110 · related or exempt $0 · unrelated business $0 · excluded $108,698,110
6a · Gross rents

real property $30,684,265 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $30,684,265 · personal property $0
6d · Net rental income or loss

total $30,684,265 · related or exempt $0 · unrelated business $0 · excluded $30,684,265
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $2,380,059 · other assets $0
7c · Gain or loss

securities -$2,380,059 · other assets $0
7d · Net gain or loss

total -$2,380,059 · related or exempt $0 · unrelated business $0 · excluded -$2,380,059
8a · Fundraising events: contributions included on line 1c

$0
11a · Other revenue: Exchange Reserve

total $3,731,683 · related or exempt $3,731,683 · unrelated business $0 · excluded $0
11d · All other revenue

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

$3,731,683

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $169,318,844 · program services $169,318,844
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $11,855,108 · program services $6,454,878 · management and general $5,400,230 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $709,351,095 · program services $673,931,504 · management and general $26,374,170 · fundraising $9,045,421
8 · Pension plan contributions

total $91,634,926 · program services $86,448,446 · management and general $4,037,188 · fundraising $1,149,292
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $68,325,565 · program services $64,458,381 · management and general $3,010,240 · fundraising $856,944
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $13,033,864 · program services $8,793,581 · management and general $4,072,989 · fundraising $167,294
11c · Fees: accounting

total $3,205,199 · program services $682,079 · management and general $2,522,972 · fundraising $148
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $135,776,701 · program services $121,290,273 · management and general $12,312,704 · fundraising $2,173,724
12 · Advertising and promotion

total $7,041,928 · program services $6,611,301 · management and general $109,044 · fundraising $321,583
13 · Office expenses

total $237,318,520 · program services $236,807,787 · management and general $359,008 · fundraising $151,725
14 · Information technology

total $112,784,538 · program services $108,322,859 · management and general $3,610,474 · fundraising $851,205
15 · Royalties

total $9,937,349 · program services $9,752,348 · management and general $154,527 · fundraising $30,474
16 · Occupancy

total $112,819,714 · program services $115,391,295 · management and general -$3,472,035 · fundraising $900,454
17 · Travel

total $41,522,439 · program services $40,625,433 · management and general $563,856 · fundraising $333,150
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $30,573,338 · program services $29,029,191 · management and general $1,271,141 · fundraising $273,006
20 · Interest

total $59,809,419 · program services $59,809,419 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $189,466,727 · program services $188,927,791 · management and general $202,436 · fundraising $336,500
22 · Depreciation, depletion and amortization

total $164,586,928 · program services $162,382,692 · management and general $1,752,637 · fundraising $451,599
23 · Insurance

total $10,058,793 · program services $9,815,892 · management and general $21,458 · fundraising $221,443
24a · Other expenses: Printing and Publications

total $461,795,203 · program services $461,669,644 · management and general $109,115 · fundraising $16,444
24b · Other expenses: Staff Training

total $5,730,757 · program services $4,565,895 · management and general $624,056 · fundraising $540,806
24c · Other expenses: Dues and Subscriptions

total $3,474,657 · program services $2,453,743 · management and general $985,987 · fundraising $34,927
24d · Other expenses: Miscellaneous expenses

total -$1,717,923 · program services -$1,716,713 · management and general $8,787 · fundraising -$9,997
24e · All other expenses

total $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0
2 · Savings and temporary cash investments

beginning of year $931,978,835 · end of year $859,063,874
3 · Pledges and grants receivable

beginning of year $298,970,720 · end of year $371,300,011
4 · Accounts receivable

beginning of year $339,614,711 · end of year $389,676,348
5 · Loans and receivables from officers and key people

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

beginning of year $0
7 · Other notes and loans receivable

beginning of year $0
8 · Inventories for sale or use

beginning of year $89,871,366 · end of year $96,284,142
9 · Prepaid expenses and deferred charges

beginning of year $115,190,821 · end of year $114,373,024
10a · Land, buildings and equipment: cost or other basis

$3,479,793,970
10b · Land, buildings and equipment: accumulated depreciation

$1,326,224,947
10c · Land, buildings and equipment, net

beginning of year $2,120,749,529 · end of year $2,153,569,023
11 · Investments: publicly traded securities

beginning of year $723,328,418 · end of year $788,941,601
12 · Investments: other securities

beginning of year $5,182,250,836 · end of year $5,663,991,695
13 · Investments: program-related

beginning of year $135,244,714 · end of year $130,715,252
14 · Intangible assets

beginning of year $142,852,350 · end of year $159,276,986
15 · Other assets

beginning of year $341,959,662 · end of year $529,248,961
17 · Accounts payable and accrued expenses

beginning of year $256,155,997 · end of year $344,082,586
18 · Grants payable

beginning of year $547,479,946 · end of year $557,575,685
19 · Deferred revenue

beginning of year $551,381,704 · end of year $591,481,438
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $1,622,678,970 · end of year $1,622,941,024
25 · Other liabilities

beginning of year $744,743,243 · end of year $113,053,890
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

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

beginning of year $6,699,572,102 · end of year $8,027,306,294

Mission and programs · 2023

Mission

The principal objects of the University are the advancement of learning by teaching and research and its dissemination by every means. We work as one Oxford bringing together our staff, students and alumni, our colleges, faculties, departments and divisions to provide world-class research, education and academic and educational publishing. We do this in ways which benefit society on a local, national and global scale. We build on the University's long-standing traditions of independent scholarship and academic freedom while fostering a culture in which innovation and collaboration play an important role. We are committed to equality of opportunity and to engendering inclusivity. We believe that diverse staff and students strengthen our research and enhance our students' learning.

Education: 2023/24 HIGHLIGHTS * 1st in the Times Higher Education (THE) World University rankings * 26,390 students at Oxford, including 12,470 undergraduates and 13,920 postgraduates * 23,211 applications for 3,219 undergraduate places for 2023/24 entry * 22.3% of undergraduates admitted during 2023/24 are from the most disadvantaged backgrounds In 2023/24, the University enhanced its undergraduate financial support package, providing nearly $13m in bursary support to UK students from lower income-households, including the expansion of both the Crankstart Scholarship and the Reuben Scholarship programmes. In the 2024 UCAS cycle, undergraduate applications increased by 0.6%, while the number of admitted students decreased by 1.7%. The most significant declines were observed amongst applicants and admitted students from the EU. The Undergraduate Admissions Office remains actively engaged with colleagues across the collegiate University to examine the ongoing effects of the pandemic, particularly in relation to educational disruption and learning loss. Disadvantaged students are identified during the admissions process through the continued use of contextual data, which now includes eligibility for free school meals, an important new indicator not previously available. In 2023, in-person outreach initiatives resumed, with the flagship UNIQ programme adopting a hybrid model. A total of 1,091 participants attended a 3-day residential course in Oxford, while an additional 230 joined an online academic programme and were fully funded to attend the University Summer Open Day. A highlight of the year was the launch of the Vice-Chancellor's Colloquium, a new initiative aimed at giving undergraduate students the opportunity to learn outside their core discipline and broaden their skills. Built around the theme of climate change, this brought together 200 students from all subjects and colleges, to hear lectures on the subject from leading scholars in the sciences, social sciences and humanities, and to take part in a series of interdisciplinary classes aimed at building their mathematical, reasoning and communication skills. The Colloquium will be repeated with larger numbers this year, with the aim of adding additional themes in future. Graduate admission applications in the 2023/24 admission cycle increased by approximately 11%, surpassing 40,000 overall. This rise includes increases from all regions: the UK, EU and the rest of the world. The UNIQ+ graduate access research internship programme marked its fifth year, welcoming 120 students from disadvantaged backgrounds in Oxford for seven weeks. The University also maintained its equal partnership with the University of Cambridge in the "Close the Gap" project, a four-year initiative that began in January 2022. Co-funded by the Office for Students and Research England, this project aims to improve access to doctoral study for Black British, British Bangladeshi and British Pakistani students. Sixteen departments across both institutions have piloted a range of initiatives. The Department for Continuing Education plays a vital role within the University of Oxford, offering a remarkable platform for non-traditional learners worldwide to achieve their academic and professional goals, by expanding outreach and fostering accessible, inclusive, and digital education, supporting students and lifelong learners throughout their educational journey. The Department stands as one of the UK's leading centres, recognised for its expertise in areas such as lifelong teaching and learning, digital pedagogy and assessment, flexible modular provision and award of academic credit. Its extensive portfolio serves around 21,000 students annually, reaching local, national, and international learners. The Department offers a wide range of part-time courses, including postgraduate certificates and diplomas, Masters' degrees, DPhils, undergraduate certificates, diplomas and advanced diplomas, short accredited courses and professional development programmes. In the year the Department continued its expansion of Open Access courses, including summer schools, the introduction of the Astrophoria Foundation Year, and increased income for postgraduate courses. The University seeks to equip all its students with the skills and knowledge to succeed in future study or employment. Outside the curriculum, support provided for students included the following: * Careers advisers offered personalised support to students, researchers and alumni in approximately 7,000 one-to-one advice appointments * The Careers Service organised over 200 events, including the Creative Careers Week and Careers Beyond Academia conference tailored for researchers * The University hosted nine in-person careers fairs, attracting over 6,000 students, researchers and alumni, along with 336 recruiting organisations * Innovative skill development programs, including the Oxford Strategy Challenge, the Future Leaders Innovation Programme and the Student Consultancy, gave hundreds of undergraduate and postgraduate students the chance to participate in authentic business projects with real organisations, both locally and internationally * Over 4,500 students submitted more than 8,500 applications for approximately 2,000 exclusive internships advertised through the Internship Office, both in the UK and internationally. These opportunities encompassed the Summer Internship, Micro-Internship and the Crankstart Internship Programmes.

Expenses $796,748,071 · Grants $94,338,208 · Revenue $695,489,531
Research: 2023/24 HIGHLIGHTS * For the ninth consecutive year, ranked first in the Times Higher Education (THE) worldwide ranking of universities (both overall and for the research environment) * Highest overall research income of any UK university including highest for UK charities, UK public sector, industry and the European Commission * Oxford is the recipient of the highest quality-related recurrent funding for research of any UK university in 2024/25 * Oxford University retains top spot as the leading UK academic institution for generating spinouts The University research activity is extensive, engaging over 2,000 academics, more than 5,000 research staff and over 7,300 postgraduate research students. Collaborating with universities, research organisations, healthcare providers, businesses, community groups, charities and government agencies, both nationally and internationally, the University drives significant public benefits. These include enhanced public policy, improved health outcomes, economic prosperity, social cohesion, international development, community identity, and achievement in the arts, culture and overall quality of life. In 2023/24 the University received 2,481 new research awards, amounting to a cumulative value of $1,227m which will be utilised over the duration of the awards in the coming years. Additionally, Research England provided crucial support through Quality Related (QR) recurrent grant funding totalling $213m . Selected research funding highlights in the past year include: * $27m received from the UK Research Councils for a quantum computing research hub to develop the technologies needed in the development of quantum computers * $106.5m in core funding from Wellcome over seven years to support the Africa and Asia Programme of research focused on infectious diseases * $19m from the European Research Council to support four Consolidator grantees in establishing their own research teams and to recognise four Advanced Grantees for their ground-breaking projects and significant research achievements * $14m awarded by the Serum Institute of India for the phase 3 trial of the R21/Matrix-M malaria vaccine. Recent data confirm the vaccine's high efficacy and favourable safety profile in African children * $5m from Wellcome to establish one of eight research discovery platforms. the Discovery Research ANTITHESES Platform for Transformative Inclusivity in Ethics and Humanities Research. This platform will focus on developing new concepts, methods, and tools to address conflicting societal values and promote inclusivity in ethics and humanities research. In recognition of the University's excellence in both Education and Research, in 2023/24 eighteen of our academic and professional staff were awarded National Honours by the King; nine were elected as Fellows of the Royal Society; eight were elected as Fellows of the Academy of Medical Sciences; another eight as Fellows of the British Academy; three to the Academy of Social Sciences; and two to the Royal Academy of Engineering.

Expenses $633,260,673 · Grants $74,980,636 · Revenue $533,802,572
Academic and Educational Publishing: 2023/24 HIGHLIGHTS * Added 7,500 books to Oxford Scholarship Online * Academic titles won 71 major awards * Reached 55m learners across 157 countries through education publishing * 2,000 researchers and 1,280 educators surveyed about their views on AI * 300% increase in sessions on the Oxford English Hub Through Oxford University Press, the University serves three core publishing markets: Research, the Learning of English, and Education, and is committed to creating high quality content supporting research and education, and making that content available all over the world. The Press's Academic division continued to expand and enhance its digital offer. On Oxford Academic - its main platform for research content - it implemented developments to improve speed, as well as discoverability. 7,500 books were also added to the Oxford Scholarship Online archive, increasing the amount of available content on the platform by around 30%. Furthermore, the Press reached new markets through its research content with new digital sales in Nigeria, Tunisia, El Salvador, and Uzbekistan. Other highlights included collaborating with digital service provider, Silverchair, to create Sensus Impact - an online platform that gives users visualized reporting on the reach of funded research; publishing the latest version of the Oxford Handbook of Clinical Medicine, the world's best-selling pocket medical handbook; and the announcement of the forthcoming research resource, Oxford Intersections, launching in 2025, which will combine original research from different academic disciplines centred on complex global topics. The Press maintained its commitment to open access, increasing the number of open access journals that it published. The reach of open access content continues to increase, with new Read and Publish agreements in multiple markets including new markets in Canada, Mexico, and Kazakhstan. Academic book publishing maintained its track record for winning major industry prizes, with titles winning 71 major awards. To further its language expertise, the Press updated the Oxford English Dictionary (OED) website, OED.com, to improve the user experience and make it easier to find content. In the Education division, the Press supported learners worldwide, reaching 55m children across 157 countries, and continuing to enhance its digital offer with its core platforms being used by more than 2.5m learners. Among the new services launched to support learners and educators are a digital learning hub for in Kenya, and a digital assessment platform in Hong Kong. Additionally, to support readers in South Africa, the Press added 120 titles in four local African languages. In English Language teaching too, digital platform reach continues to grow, with the number of users growing by around 10% and the Oxford English Hub, the core online platform achieving a 300% increase in user sessions. To continue to build and connect the English language community across the world, the Press established a new podcast series, Talking ELT, and its flagship English Language Teaching Online Conference achieved record engagement among teachers, with 170,000 views with downloads of teacher toolkits. Several position papers were published, providing advice on different aspects of language teaching. Topics included multimodality, with a focus on expanding learners' communications skills; self-regulated learning; and how to support and teach refugees.

Expenses $760,850,274 · Revenue $756,531,907
Other Program Services: This is generated from a variety of sources, working with national and international organisations, both private and not-for-profit. Our work encompasses multiple projects further expanding the boundaries of commercial, scientific and academic knowledge and disseminating this through a variety of appropriate means.

Expenses $374,967,545 · Revenue $133,366,868

As filed on the 2023 return.

Listed in Part VII

Nigel Portwood

Chief Executive of Oxford University Press

Total calculated

$1,703,474

From this org

$1,703,474

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$906,522

Bonus

$773,445

Other

$23,507

Deferred

$0

Nontaxable benefits

$0

Filer's total

$1,703,474
Tim Fulton

OUP - Chief Transformation Officer

Total calculated

$1,039,548

From this org

$1,038,834

From related orgs

$714

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$528,294

Bonus

$505,380

Other

$5,160

Deferred

$714

Nontaxable benefits

$0

Filer's total

$1,039,548
Fathima Dada

OUP - Managing Director - Education

Total calculated

$1,018,726

From this org

$1,010,169

From related orgs

$8,557

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$524,347

Bonus

$485,010

Other

$812

Deferred

$8,557

Nontaxable benefits

$0

Filer's total

$1,018,726
David Clark

OUP - Managing Director - Academic

Total calculated

$922,348

From this org

$913,791

From related orgs

$8,557

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$473,511

Bonus

$425,574

Other

$14,707

Deferred

$8,557

Nontaxable benefits

$0

Filer's total

$922,349
Giles Spackman

Group Finance Director, OUP

Total calculated

$750,116

From this org

$750,116

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$282,037

Bonus

$459,060

Other

$9,019

Deferred

$0

Nontaxable benefits

$0

Filer's total

$750,116
Professor Soumitra Dutta

Dean and Professor of Management, SBS

Total calculated

$647,371

From this org

$545,191

From related orgs

$102,180

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$545,191

Bonus

$0

Other

$0

Deferred

$102,180

Nontaxable benefits

$0

Filer's total

$647,371
Professor Irene Tracey

Vice-Chancellor

Total calculated

$611,543

From this org

$516,942

From related orgs

$94,601

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$516,942

Bonus

$0

Other

$0

Deferred

$94,601

Nontaxable benefits

$0

Filer's total

$611,543
Professor Louise Richardson

Former Vice-Chancellor

Total calculated

$585,709

From this org

$585,709

From related orgs

$0

Other

$0

Hours/week

0

Schedule J breakdown matched by us

Base

$543,528

Bonus

$0

Other

$42,181

Deferred

$0

Nontaxable benefits

$0

Filer's total

$585,709
Professor Andrew Stephen

Dep Dean - Faculty & Research, SBS

Total calculated

$581,972

From this org

$509,285

From related orgs

$72,687

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$509,285

Bonus

$0

Other

$0

Deferred

$72,687

Nontaxable benefits

$0

Filer's total

$581,972
Professor Gavin Screaton

Head of the Medical Sciences Division

Total calculated

$458,120

From this org

$408,894

From related orgs

$49,226

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$408,894

Bonus

$0

Other

$0

Deferred

$49,226

Nontaxable benefits

$0

Filer's total

$458,120
Simon Boddie

Chief Financial Officer

Total calculated

$381,634

From this org

$340,745

From related orgs

$40,889

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$340,745

Bonus

$0

Other

$0

Deferred

$40,889

Nontaxable benefits

$0

Filer's total

$381,634
Professor David Gann

Pro Vice Chancellor with portfolio

Total calculated

$380,569

From this org

$339,770

From related orgs

$40,799

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$339,770

Bonus

$0

Other

$0

Deferred

$40,799

Nontaxable benefits

$0

Filer's total

$380,569
Dr David Prout

Pro Vice Chancellor with portfolio

Total calculated

$343,471

From this org

$306,671

From related orgs

$36,800

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$306,671

Bonus

$0

Other

$0

Deferred

$36,800

Nontaxable benefits

$0

Filer's total

$343,471
Gill Aitken

Registrar

Total calculated

$328,205

From this org

$293,040

From related orgs

$35,165

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$293,040

Bonus

$0

Other

$0

Deferred

$35,165

Nontaxable benefits

$0

Filer's total

$328,205
Professor Chas Bountra

Pro Vice Chancellor with portfolio

Total calculated

$298,008

From this org

$257,852

From related orgs

$40,156

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$257,852

Bonus

$0

Other

$0

Deferred

$40,156

Nontaxable benefits

$0

Filer's total

$298,008
Professor Anne Trefethen

Pro Vice Chancellor with portfolio

Total calculated

$281,755

From this org

$231,706

From related orgs

$50,049

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$231,706

Bonus

$0

Other

$0

Deferred

$50,049

Nontaxable benefits

$0

Filer's total

$281,755
Mr Richard Ovenden

Bodley's Librarian & Head of GLAM

Total calculated

$280,218

From this org

$241,618

From related orgs

$38,600

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$241,618

Bonus

$0

Other

$0

Deferred

$38,600

Nontaxable benefits

$0

Filer's total

$280,218
Professor Patrick Grant

Pro Vice Chancellor with portfolio

Total calculated

$272,300

From this org

$224,130

From related orgs

$48,170

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$224,130

Bonus

$0

Other

$0

Deferred

$48,170

Nontaxable benefits

$0

Filer's total

$272,300
Professor Martin Williams

Pro Vice Chancellor with portfolio

Total calculated

$266,102

From this org

$224,930

From related orgs

$41,172

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$224,930

Bonus

$0

Other

$0

Deferred

$41,172

Nontaxable benefits

$0

Filer's total

$266,102
Professor Timothy Power

Head of the Social Sciences Division

Total calculated

$241,230

From this org

$198,542

From related orgs

$42,688

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$198,542

Bonus

$0

Other

$0

Deferred

$42,688

Nontaxable benefits

$0

Filer's total

$241,230
Professor Daniel Grimley

Head of the Humanities Division

Total calculated

$240,898

From this org

$198,210

From related orgs

$42,688

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$198,210

Bonus

$0

Other

$0

Deferred

$42,688

Nontaxable benefits

$0

Filer's total

$240,898
Professor Sam Howison

Head of MPLS (to Sep 23)

Total calculated

$221,788

From this org

$187,529

From related orgs

$34,259

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$187,529

Bonus

$0

Other

$0

Deferred

$34,259

Nontaxable benefits

$0

Filer's total

$221,788
Professor Patricia Daley

Council Member

Total calculated

$0

Hours/week

5
Professor Jane Mellor

Senior Proctor (to Mar 23)

Total calculated

$0

Hours/week

5
Dr Linda Flores

Junior Proctor (to Mar 23)

Total calculated

$0

Hours/week

5
Dr Kathryn Murphy

Senior Proctor (from Mar 23)

Total calculated

$0

Hours/week

5
Professor David Kirk

Junior Proctor (from Mar 23)

Total calculated

$0

Hours/week

5
Dr Richard Earl

Assessor (to Mar 23)

Total calculated

$0

Hours/week

5
Professor Joseph Conlon

Assessor (from Mar 23)

Total calculated

$0

Hours/week

5
Baroness Jan Royall

Chair of the Conference of Colleges (to Sep 23)

Total calculated

$0

Hours/week

5
Dame Helen Ghosh

Chair of the Conference of Colleges (from Oct 23)

Total calculated

$0

Hours/week

5
Mr Tom Fletcher

Council Member

Total calculated

$0

Hours/week

5
Professor Kia Nobre

Council Member (to Sep 23)

Total calculated

$0

Hours/week

5
Fra John Eidinow

Council Member (to Sep 23)

Total calculated

$0

Hours/week

5
Professor Diego Sanchez-Ancochea

Council Member

Total calculated

$0

Hours/week

5
Professor Richard Hobbs

Council Member

Total calculated

$0

Hours/week

5
Professor Sir Rory Collins

Council Member

Total calculated

$0

Hours/week

5
Professor Alex Schekochihin

Council Member

Total calculated

$0

Hours/week

5
Professor Nandini Gooptu

Council Member

Total calculated

$0

Hours/week

5
Professor Proochista Ariana

Council Member

Total calculated

$0

Hours/week

5
Professor Sir Charles Godfray

Council Member

Total calculated

$0

Hours/week

5
Professor Cecile Fabre

Council Member

Total calculated

$0

Hours/week

5
Professor Krina Zondervan

Council Member (from Oct 23)

Total calculated

$0

Hours/week

5
Professor Sam Wolfe

Council Member (from Oct 23)

Total calculated

$0

Hours/week

5
Ms Sharmila Nebhrajani

Council Member

Total calculated

$0

Hours/week

5
Ms Wendy Becker

Council Member

Total calculated

$0

Hours/week

5
Sir Chris Deverell

Council Member

Total calculated

$0

Hours/week

5
Mr Charles Harman

Council Member

Total calculated

$0

Hours/week

5
Mr Nicholas Kroll

Council Member

Total calculated

$0

Hours/week

5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Written employment contract
3 · Approval by the board or compensation committee
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a: The former Vice-Chancellor was required to reside in a property appropriate for undertaking University duties whilst in post. This living accommodation provided to the former Vice-Chancellor, gave rise to chargeable benefits.
Schedule J, Part I, Line 5: Schedule J, Part I, Line 5 - Nigel Portwood, Giles Spackman, Tim Fulton, Fathima Dada, and David Clark were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion.
Schedule J, Part I, Line 6: Schedule J, Part I, Line 6 - Nigel Portwood, Giles Spackman, Tim Fulton, Fathima Dada, and David Clark were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion.
Schedule J, Part I, Line 7: The outgoing Vice-Chancellor received a payment in lieu of her entitlement to take a sabbatical in line with undertakings given when her term was agreed in 2015.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Oxford Univ Dev (NA) Inc

501(c)(3) · Fundraising · NY
Oxford Endowment Fund

501(c)(3) · Funds Management · UK · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford

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 Innovation Limited

C · Research · UK · 100% owned · share of income $53,915 · share of assets $107,323,739 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford University Innovation (Hong Kong) Limited

C · Research · HK · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by Oxford University Innovation Limited
Oxford Limited

C · Retail · UK · 100% owned · share of income $290,095 · share of assets $676,055 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford Mutual Limited

C · Insurance · UK · 100% owned · share of income $0 · share of assets $7,640,772 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford Said Business School Limited

C · Education · UK · 100% owned · share of income $8,367,439 · share of assets $25,138,069 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford University Endowment Management

C · Investment Management · UK · 100% owned · share of income $19,358,196 · share of assets $54,211,935 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford University Fixed Assets Limited

C · Management · UK · 100% owned · share of income $5,359,620 · share of assets $18,369,588 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford University Trading Limited

C · Retail · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
University of Oxford China Office

C · Fundraising · HK · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford Advanced Research Centres Limited

C · Management · UK · 100% owned · share of income $0 · share of assets -$7,386 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford Research South Africa Limited

C · Management · UK · 100% owned · share of income $0 · share of assets $143,523 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
OUC Investments Limited

C · Management · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by The Chancellor Master and Scholars of the University of Oxford
TOF Corporate Trustee Limited

C · Corporate Trustee · UK · 100% owned · share of income $0 · share of assets $148,170 · controlled entity

Directly controlled by Oxford University Endowment Management
Endowment Estates Limited

C · Investment company · UK · 100% owned · share of income $0 · share of assets $12,201,766 · controlled entity

Directly controlled by TOF Corporate Trustee Limited
Ecosystem Capital Limited

C · Investment Company · UK · 100% owned · share of income $0 · share of assets $479,530 · controlled entity

Directly controlled by TOF Corporate Trustee Limited
Oxford University (Suzhou) Science & Tehnology Co Ltd

C · Research Activities · CH · 100% owned · share of income $357,410 · share of assets $31,650,487 · controlled entity

Directly controlled by Oxford Advanced Research Centres Ltd
Oxford in Berlin

T · Management · GM · 100% owned · share of income $0 · share of assets $337,896 · controlled entity

Directly controlled by The Chancellors Master & Scholars of the University of Oxford
OELT Ltd

C · Publishing · UK · 100% owned · share of income $59,823 · share of assets $3,720,861 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford Publishing Limited

C · Publishing · UK · 100% owned · share of income $17,466,022 · share of assets $73,756,267 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford Reference Limited

C · Sale of online advertising · UK · 100% owned · share of income $332,345 · share of assets $342,544 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford Information Limited

C · Publishing · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford University Press Espana SA

C · Publishing · SP · 100% owned · share of income $4,490,790 · share of assets $43,245,826 · controlled entity

Directly controlled by Oxford Publishing Ltd
Oxford University Press Kabushiki Kaisha

C · Publishing · JA · 100% owned · share of income $301,600 · share of assets $6,719,810 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford University Press (China) Ltd

C · Publishing · HK · 100% owned · share of income $12,273,311 · share of assets $38,564,854 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford University Press (Shanghai) Ltd

C · Publishing · CH · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by OUP (China) Limited
Oxford University Press GmbH

C · Publishing · GM · 100% owned · share of income $27,804 · share of assets $352,390 · controlled entity

Directly controlled by Oxford Publishing Ltd
Oxford University Press Mexico SA de CV

C · Publishing · MX · 100% owned · share of income $1,251,396 · share of assets $10,581,391 · controlled entity

Directly controlled by Oxford Publishing Limited
Oxford University Press do Brasil Pub Lta

C · Publishing · BR · 100% owned · share of income $1,068,748 · share of assets $14,665,242 · controlled entity

Directly controlled by Oxford Publishing Limited
Oxford University Press East Africa Limited

C · Publishing · KE · 100% owned · share of income $148,674 · share of assets $10,179,815 · controlled entity

Directly controlled by Oxford Publishing Limited
Oxford University Press Tanzania Limited

C · Publishing · TZ · 100% owned · share of income $21,275 · share of assets $78,707 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford University Press Southern Africa Pty Ltd

C · Publishing · SF · 100% owned · share of income $892,727 · share of assets $14,050,022 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford Univeristy Press SA (Properties ) Ltd

C · Publishing · SF · 100% owned · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford Yayincilik Ltd Sirketi

C · Publishing · TU · 100% owned · share of income $961,376 · share of assets $6,541,763 · controlled entity

Directly controlled by Oxford Publishing Limited
Dentingan Kejayaan Sdn Bhd

C · Publishing · MY · 100% owned · share of income $0 · share of assets $1,501,980 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford
Oxford University Press Argentina SA

C · Publishing · AR · 100% owned · share of income $0 · share of assets $5,590,950 · controlled entity

Directly controlled by Oxford Publishing Ltd
Oxford University Press Lesotho (Proprietary) Limited

C · Publishing · LT · 100% owned · share of income $0 · share of assets $20,543 · controlled entity

Directly controlled by Oxford University Press Orbis Proprietary Limited
Oxford University Press Namibia (Proprietary) Limited

C · Pucblishing · WA · 100% owned · share of income $97,609 · share of assets $15,322 · controlled entity

Directly controlled by Oxford University Press Orbis Proprietary Limited
Oxford University Press Pakistan (SMC-Private) Limited

C · Publishing · PK · 100% owned · share of income $8,318,577 · share of assets $42,986,649 · controlled entity

Directly controlled by Oxford Publishing Ltd
Oxford University Press Orbis Proprietary Limited

C · Publishing · SF · 100% owned · share of income $2,209,458 · share of assets $1,219,193 · controlled entity

Directly controlled by Oxford Publishing Ltd
Number Sense Maths Limited

C · Publishing · UK · 100% owned · share of income $152,492 · share of assets $605,972 · controlled entity

Directly controlled by The Chancellor Master & Scholars of the University of Oxford

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 June 2025
IRS schema version: 2023v6.0
Source object: 202541639349301524

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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