Chancellor Masters & Scholars of the University of Oxford

What it reported doing in 2024

Education: 2024-25 HIGHLIGHTS * 26,025 students at Oxford, including 12,375 undergraduates and 13,650 postgraduates * Almost one in four (2,445) UK full-time undergraduates at the University currently receive an annual, non-repayable bursary. * 1,543 graduate students were in receipt of a scholarship, with over $81m disbursed in stipend and fee costs. In 2024/25, the University continued to enhance its undergraduate financial support package, allocating over $14m in bursary support to UK students from lower income-households. Scholarships also play a key role in attracting and retaining the highest calibre of graduate students. The Clarendon and Academic Futures programmes are complemented by the Mastercard Foundation Scholars Program as well as a number of other University-wide graduate scholarship schemes. The Department for Continuing Education plays a vital role within the University of Oxford's mission, offering ever growing support for non-traditional learners worldwide. The department continues to expand flexible and digitally enabled provision of opportunities that support students and lifelong learners throughout their educational journeys. Its extensive portfolio serves around 21,000 students annually, reaching local, national, and international learners. Under the new Oxford Lifelong Learning brand, 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. 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 over 6,000 one-to-one advice appointments * The Careers Service organised over 250 events and conferences, over 2,000 exclusive internships and nine in-person careers fairs. * Skills development programs, including the Oxford Strategy Challenge, and the Future Leaders Innovation Programme gave more than 300 undergraduate and postgraduate students the chance to participate in authentic business projects with real organisations, both locally and internationally * Almost 5,000 students submitted more than 9,000 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

Financial Efficiency

• Mission deployment rate: 99.8%; rating input score 100
• Program expense ratio: 97.1%; rating input score 97
• Fundraising efficiency: $38.83 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Limited
  • Conducts field audits: Limited
  • May suspend future funding: Limited
  • Requires financial reports: Limited
  • Conducts site visits: Limited
  • Requires grant agreements: Limited
  • May require repayment: Limited
• Grant itemization coverage: 100%; rating input score 100; 49th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 17.9%; rating input score 18; 9th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -2.8%; rating input score 17; 17th percentile among comparable filings
• Total-asset coverage ratio: 3.21; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 0.28; rating input score 58; 58th percentile among comparable filings
• Officer compensation ratio: 0.3%; rating input score 89; 89th percentile among comparable filings

Growth

• Program expense growth: 4% per year; rating input score 100; 31st percentile among comparable filings
• Revenue growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
• Asset growth: 6.3% per year; rating input score 100; 46th percentile among comparable filings