2021-06-10T10:37:04-07:00 2020-07-31 990 2019-08-01 986001062 Chancellor Master & Scholars Of The University Of Oxford CHAN Wellington Square Oxford Oxfordshire UK OX1 2JD Sally McKinlay Mrs 1865270151 2021-06-10 2019 2022-09-23 18:48:47Z Oxford University Sally McKinlay University Offices Wellington Square Oxford UK 2JD 3017540114 0 X www.ox.ac.uk X 1096 UK 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 and education. 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. The University's strategic priorities have been developed against a background of local, national and worldwide change. These priorities focus on the themes of education, research, publishing, people, engagement and partnership, and resources. 25 3 794 4072416 1268730 794096930 926204930 1694818314 1868621040 137929266 133874038 84161453 88840106 2711005963 3017540114 111550482 122474923 0 0 1196145139 1068221967 0 0 13978191 1594047026 1324630740 2901742647 2515327630 -190736684 502212484 7979331896 9136943444 3027614184 3525074141 4951717712 5611869303 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 and education. 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. The University's strategic priorities have been developed against a background of local, national and worldwide change. These priorities focus on the themes of education, research, publishing, people, engagement and partnership, and resources. 0 0 2272262289 122474923 1868621040 Over 24,000 students from a diverse range of backgrounds and nationalities benefit from Oxford's resources, including 11,955 undergraduates and 12,010 postgraduates. Every year more than 15,000 students enrol on courses at the Department for Continuing Education, making Oxford University one of the largest providers of continuing education in the UK. Oxford spends more than $9 million each year on outreach activities, in addition to the $10 million it spends on financial support. Oxford's flagship access programme is the UNIQ summer school. Since its launch in 2010, nearly 8,000 state school students have taken part, and more than 2,000 have gone on to be offered a place at Oxford. Oxford consistently has the highest research income from external sponsors of any UK university. The University research activity involves more than 70 departments, the colleges, over 1,900 academic staff, more than 5,800 research and research support staff, and over 6,300 postgraduate research students. According to the 2014 Research Excellence Framework, the official UK-wide assessment of all university research, Oxford has the largest volume of world-leading research in the country. The University is also rated top in the REF power rankings published by Research Fortnight. Oxford is ranked first in the world in the Times Higher Education (THE) World University Rankings for 2020, for the fifth year running, and for the ninth consecutive year ranked first in the world for Clinical, Pre-Clinical and Health subjects. It is also ranked first in the world for Computer Science and second in the world and first in the UK for Social Sciences; third in the world and first in the UK for Business and Economics; third in the world and second in the UK for Life Sciences; third in the world and second in the UK for Arts and Humanities and fourth in the world and second in the UK for Law. Also, first in the UK for Education and second in the UK for Physical Sciences and Engineering and Technology. Oxford is ranked first in the world in Arts and Humanities in the QS World University Rankings by Subject 2019. It ranks second for Life Sciences & Medicine, fourth for Social Sciences and Management, fifth for Natural Science, and sixth for Engineering and Technology. Oxford is ranked fifth in the world in the QS World Rankings (2021), the highest ranked university from the UK. Oxford University topped The Best UK Universities 2021 league table in The Guardian and was ranked second overall in the Complete University Guide, University League Tables 2021. The excellence of Oxford's academic community is demonstrated by the inclusion of over 90 Fellows of the Royal Society and around 100 Fellows of the British Academy. In 2020, ten Oxford professors were elected to the Fellowship of the British Academy, six to the Fellowship of the Royal Society, six to the Fellowship of the Academy of Medical Sciences, and one each to the Fellowship of the Royal Academy of Engineering and the Fellowship of the Academy of Social Sciences. Oxford University Press (OUP) is a department of the University of Oxford. At Oxford University Press (OUP), everything we do furthers the University of Oxford's objective of excellence in research, scholarship, and education by publishing worldwide. We're the world's largest university press, with the widest global presence. Our products are sold in around 200 countries and regions, and in around 100 languages. We have a firm commitment to producing outstanding materials and services. As well as publishing thousands of new titles in our core markets of research, education, and the learning of English each year, we also train thousands of teachers to enhance the educational experience for learners. During our 500 year history, we have evolved the development and delivery of our world-class content, working with academics and educators to find new and better ways to make information accessible, so that we can continue to change people's lives through education and research. 0 0 0 2272262289 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 X 11960 0 1 794 1 1 0 1 AS BE BU CA CH CI EZ FR HK HU IN LO PE PK RI SF UK UP VM 0 0 0 0 0 0 X 25 3 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X Mrs Sally McKinlay 1865616131 Wellington Square Oxford Oxfordshire UK OX1 2JD Mr N Portwood OUP - Chief Executive/Secretary to the Delegates 40 0 X 1098523 0 0 Giles Spackman OUP - Group Finance Director 40 0 X 657334 0 0 Professor S Dopson Deputy Dean of Said Business School 40 0 X 648070 0 0 Professor P Tufano Dean of Said Business School 40 0 X 622920 0 0 Peter Marshall OUP - Managing Director - ELT 40 0 X 582483 0 0 Professor L Richardson University of Oxford, Vice-Chancellor 50 0 X X 566054 0 0 Mrs Gill Aitken CB University of Oxford, Registrar (from Sep 2018) 50 0 X X 301208 0 0 Mr L Pearson University of Oxford, Director of Finance 50 0 X 241500 0 0 4718092 0 0 1266 0 1 0 E W Beard 201 Cumnor Hill Oxford UK OX2 9PJ Construction/ Building Services 15749763 Dell Corporation Limited Dell House The Boulevard Cain Road Bracknell Berkshire UK RD12 1LF Information Technology 10862493 Parexel International (IRL) Limited 70 Sir John Rogersons Quay Dublin 2 Dublin EI Biopharmaceutical Services 8096689 Life Technologies Life Technologies Ltd 3 Fountain Drive Inchinnan Business Park Paisley UK Life Sciences 6670437 Kingerlee Limited Thomas House Langford Locks Kidlington Oxford UK OX5 1HR Construction/ Building Services 6373197 959 0 0 0 13865500 694371702 217967728 1507514 926204930 Education and research 611310 1763933176 1759860760 4072416 0 104687864 104687864 0 0 1868621040 134357755 0 0 134357755 0 0 0 0 60830945 60830945 0 0 25685037 0 0 0 25685037 0 25685037 0 0 25685037 -483717 0 0 0 -483717 0 -483717 0 0 -483717 0 2324124 2324124 0 0 2324124 3017540114 1927703693 4072416 159559075 122474923 122474923 0 0 860420772 767059353 84005066 9356353 130698051 116516437 12760383 1421231 77103144 68736936 7527776 838432 7681836 4245322 3432391 4123 272782 232184 40598 87548439 50797509 35995680 755250 6607535 5852203 169405 585927 667453274 685482912 -18209851 180213 73130751 57919808 14586543 624400 1196861 873381 319673 3807 92623294 78986748 13633579 2967 27893076 26037498 1711573 144005 16771274 16045768 625543 99963 54205124 54205124 156727430 153300453 3379110 47867 140940214 127794842 13142994 2378 3435629 1915028 1519999 602 Commissions -2074393 1304304 -3456940 78243 Staff Training 3058287 2230270 774678 53339 Dues and Subscriptions 2577539 1212002 1272619 92918 Other expenses -15418212 -16755592 1651207 -313827 2515327630 2272262289 229087150 13978191 0 0 749033240 947738943 256774830 348824336 332674088 339258300 0 0 0 0 0 0 94840062 90246169 55734396 119439001 3106071844 1028078060 1945013129 2077993784 972245601 1019114502 3162346485 3390214425 133179021 136808473 89140306 105572881 188350738 561732630 7979331896 9136943444 426308953 389724734 395175736 466860252 245106849 339320102 0 0 0 0 0 0 0 0 1164181030 1693873795 796841616 635295258 3027614184 3525074141 X 0 0 0 0 4951717712 5611869303 4951717712 5611869303 7979331896 9136943444 X 502212484 -118314031 0 0 0 276253138 X 0 1 X 1 0 X 938389347 908259203 872135666 863192543 1030892794 4612869553 0 0 0 0 0 0 0 0 0 0 0 0 938389347 908259203 872135666 863192543 1030892794 4612869553 83165586 4529703967 25544916 60683601 96084622 201415391 220873736 604602266 2360029 2637928 1016404 778104 4072416 10864881 15838138 10930383 8099547 5452866 2324124 42645058 5270981758 1759860760 0.85937 0.8934 X Schedule A, Part II, Line 10 Other income reflects exchange rate differences realised in the year RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1501705 124152839 0 0 X X X X 0 1495806393 138799838 12789602 19937455 25228842 4340476 1597889060 1331495474 67620688 33751844 14751545 18666595 3211479 1396238387 1208324243 55404401 200688327 13447616 17016605 2927608 1431025142 1112661555 45091688 96241595 11167420 24665446 4038656 1214123316 1127805445 55650742 95264905 14028140 22042375 4972765 1237677812 0 0.742 0.258 0 1 1 0 126667831 126667831 311494313 2400474787 890307071 1821662029 0 40637197 25344169 15293028 0 226797716 112426820 114370896 0 0 0 0 2077993784 Managed Fund 3037728679 F Unquoted spinout companies 182915603 F 3rd Party Managed 169570143 F 3390214425 Art and historical collections 124152839 Buildings and equipment under construction 160793069 Other Assets 276786722 561732630 Amounts due to subsidiaries 32789385 Provision for liabilities and charges 11645313 FRS 17 Creditor (pension deficit) 590860560 635295258 Schedule D, Part III, Line 4 The University of Oxford collections relate to museums, libraries, and other collections. The University objectives are to make the collections a focus for research, teaching, and collection-based scholarship within the University. The collections are used as a research resource for a wide range of scholarly users, a facility for interaction between the University and the public and an active contributor to the region's cultural development. In line with government guidance, the University's gardens, libraries and museums were closed to the public in March 2020. Prior to the lockdown, over 2m visitors were welcomed in the year. During lockdown we continued to support and engage with local communities and international audiences through digital and community engagement initiatives. * "Decolonising Cultural Spaces: The Living Cultures Project", a full length documentary produced by InsightShare with the Pitt Rivers Museum, was released; * The History of Science and Pitt Rivers Museums created 3D rendering and virtual tours; * The Artists in Residence art competition at the Ashmolean Museum captured what people were thinking, feeling and making during lockdown. Schedule D, Part V, Line 4 The University has significant numbers of individual endowments to be used for specified purposes within the remit of University activities. To ensure that endowment gifts provide the greatest benefit possible and where appropriate to ensure that their charitable benefit is maintained in perpetuity the University invests unspent endowment reserves and capital in a mixture of investment vehicles. Endowment reserves fall into the following categories: * General academic * Academic posts * Scholarship funds * Support for libraries and museums * Societies * Prize funds 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 A racially discriminatory policy would be illegal within the UK so it would be unusual for the University to make such a statement. However, the University's undergraduate and postgraduate admissions websites and prospectuses make it clear that admissions decisions are taken within the framework of the University's Equality Policy and the Equality Act 2010, and specifically that "Oxford is committed to recruiting the best candidates from all backgrounds and all identities. The University is committed to fostering an inclusive culture which promotes equality and values diversity." Schedule E, Part I, Line 6 Oxford University receives various forms of grants and aid from U.K government agencies including via the Office for Students (OfS). Research funding is received from a variety of US governmental agencies. During the academic year to July 2020 this totalled $11,189,141. * National Institutes of Health USA $ 5,748,090 * United States Agency for International Development $ 1,011,322 * United States Army $ 1,006,839 * United States Air Force $ 1,005,526 * Centers for Disease Control and Prevention $ 534,695 * Air Force Research Laboratory $ 325,658 * US Department of Commerce $ 274,671 * Intelligence Advanced Research Projects Activity $ 248,558 * US Navy Region Centre Singapore $ 183,778 * US Department of Defence $ 169,807 * European Office Aerospace Research & Development $ 161,580 * Office of Naval Research $ 157,455 * United States Geological Survey $ 121,409 * Defence Advanced Research Projects Agency $ 112,769 * US Defence Threat Reduction Agency $ 52,693 * United States Department of Energy $ 34,851 * Naval Medical Research Centre $ 33,236 * National Energy Research Scientific Computing Center $ 6,204 1 East Asia and the Pacific 2 463 Program Services Education and Research 25178598 Europe (including Iceland and Greenland) 6 21251 Program Services Education and Research 2317195001 North America (including Canada and Mexico, but not the United States) 2 799 Program Services Education and Research 145586332 South Asia 2 1165 Program Services Education and Research 75669991 12 23678 2563629922 Europe (including Iceland and Greenland) Research and Education 1308500 Wire Transfer Europe (including Iceland and Greenland) Research and Education 987918 Wire Transfer Europe (including Iceland and Greenland) Research and Education 523400 Wire Transfer Europe (including Iceland and Greenland) Research and Education 228383 Wire Transfer Europe (including Iceland and Greenland) Research and Education 224546 Wire Transfer Europe (including Iceland and Greenland) Research and Education 195305 Wire Transfer Europe (including Iceland and Greenland) Research and Education 122201 Wire Transfer Europe (including Iceland and Greenland) Research and Education 76736 Wire Transfer Europe (including Iceland and Greenland) Research and Education 41362 Wire Transfer Europe (including Iceland and Greenland) Research and Education 41362 Wire Transfer Europe (including Iceland and Greenland) Research and Education 32795 Wire Transfer Europe (including Iceland and Greenland) Research and Education 32713 Wire Transfer Europe (including Iceland and Greenland) Research and Education 31273 Wire Transfer Europe (including Iceland and Greenland) Research and Education 29855 Wire Transfer Europe (including Iceland and Greenland) Research and Education 26170 Wire Transfer Europe (including Iceland and Greenland) Research and Education 20769 Wire Transfer Europe (including Iceland and Greenland) Research and Education 19628 Wire Transfer Europe (including Iceland and Greenland) Research and Education 19628 Wire Transfer Europe (including Iceland and Greenland) Research and Education 17523 Wire Transfer Europe (including Iceland and Greenland) Research and Education 16874 Wire Transfer Europe (including Iceland and Greenland) Research and Education 16072 Wire Transfer Europe (including Iceland and Greenland) Research and Education 15576 Wire Transfer Europe (including Iceland and Greenland) Research and Education 14927 Wire Transfer Europe (including Iceland and Greenland) Research and Education 14927 Wire Transfer Europe (including Iceland and Greenland) Research and Education 14278 Wire Transfer Europe (including Iceland and Greenland) Research and Education 14278 Wire Transfer Europe (including Iceland and Greenland) Research and Education 13629 Wire Transfer Europe (including Iceland and Greenland) Research and Education 13629 Wire Transfer Europe (including Iceland and Greenland) Research and Education 13629 Wire Transfer Europe (including Iceland and Greenland) Research and Education 13629 Wire Transfer Europe (including Iceland and Greenland) Research and Education 13085 Wire Transfer Europe (including Iceland and Greenland) Research and Education 12980 Wire Transfer Europe (including Iceland and Greenland) Research and Education 12911 Wire Transfer Europe (including Iceland and Greenland) Research and Education 12331 Wire Transfer Europe (including Iceland and Greenland) Research and Education 11682 Wire Transfer Europe (including Iceland and Greenland) Research and Education 11682 Wire Transfer Europe (including Iceland and Greenland) Research and Education 11682 Wire Transfer Europe (including Iceland and Greenland) Research and Education 11033 Wire Transfer Europe (including Iceland and Greenland) Research and Education 10711 Wire Transfer Europe (including Iceland and Greenland) Research and Education 10523 Wire Transfer Europe (including Iceland and Greenland) Research and Education 9735 Wire Transfer Europe (including Iceland and Greenland) Research and Education 9735 Wire Transfer Europe (including Iceland and Greenland) Research and Education 9735 Wire Transfer Europe (including Iceland and Greenland) Research and Education 8370 Wire Transfer Europe (including Iceland and Greenland) Research and Education 8178 Wire Transfer Europe (including Iceland and Greenland) Research and Education 7788 Wire Transfer Europe (including Iceland and Greenland) Research and Education 6543 Wire Transfer Europe (including Iceland and Greenland) Research and Education 6543 Wire Transfer Europe (including Iceland and Greenland) Research and Education 6543 Wire Transfer Europe (including Iceland and Greenland) Research and Education 6543 Wire Transfer Europe (including Iceland and Greenland) Research and Education 6281 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5841 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5841 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5841 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5841 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5441 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5103 Wire Transfer Europe (including Iceland and Greenland) Research and Education 5057 Wire Transfer 54 58 Bursaries for lower-income families Europe (including Iceland and Greenland) 2302 7650963 Wire Transfer Industry-linked sponsorship bursaries Europe (including Iceland and Greenland) 104 340472 Wire Transfer Study Abroad Scholarships Europe (including Iceland and Greenland) 33 79387 Wire Transfer Erasmus Grant for Students/staff Europe (including Iceland and Greenland) 309 830252 Wire Transfer Hardship funding Europe (including Iceland and Greenland) 345 651625 Wire Transfer Prizes Europe (including Iceland and Greenland) 198 51398 Wire Transfer Various grants to scholars Europe (including Iceland and Greenland) 8000 110210936 Wire Transfer 0 0 0 0 0 0 Schedule F, Part I, Line 2 Scholarships are granted to students enrolled for graduate study at the University of Oxford. The scholarships normally comprise of tuition fees, college fees and a maintenance grant. The University pays the tuition fees and college fees directly from its accounts through the Finance Division to the colleges, which ensures they are used for their intended purpose. The University pays the student's maintenance termly, and each student must collect the first payment in person (with identification). Each student is required to write a report at the end of their first term of study and at the end of each academic year. This report details their academic activities and progress, and extra-curricular activities in which they are involved. The maintenance grant is used by the students to help with living costs. The amount of this grant is a recommended amount calculated by a committee of bursars and is based on average costs of rent and living costs. X X 1 1 X X X X 0 0 0 1 0 1 0 0 0 Professor L Richardson University of Oxford, Vice-Chancellor 541971 0 0 0 24082 0 0 0 0 0 566053 0 0 0 Mrs Gill Aitken CB University of Oxford, Registrar (from Sep 2018) 301208 0 0 0 0 0 0 0 0 0 301208 0 0 0 Mr L Pearson University of Oxford, Director of Finance 237297 0 0 0 4203 0 0 0 0 0 241500 0 0 0 Mr N Portwood OUP - Chief Executive/Secretary to the Delegates 833270 0 245276 0 19977 0 0 0 0 0 1098523 0 0 0 Giles Spackman OUP - Group Finance Director 488800 0 151608 0 16926 0 0 0 0 0 657334 0 0 0 Professor S Dopson Deputy Dean of Said Business School 648070 0 0 0 0 0 0 0 0 0 648070 0 0 0 Professor P Tufano Dean of Said Business School 528819 0 0 0 94101 0 0 0 0 0 622920 0 0 0 Peter Marshall OUP - Managing Director - ELT 462012 0 96658 0 23813 0 0 0 0 0 582483 0 0 0 Schedule J, Part I, Line 1a The Vice Chancellor is provided with a residence for personal use. The accommodation is provided for the better performance of the VC's duties and the employment is one of the kinds for which it is customary for employers to provide accommodation for the employee. The Vice Chancellor received private healthcare insurance, including a grossed up payment for the associated tax liability. The Finance Director was provided with a taxable benefit of private healthcare insurance. Professor Tufano is provided with a residence for personal use and private healthcare insurance. These benefits were treated as taxable. Schedule J, Part I, Line 5 Nigel Portwood, Giles Spackman and Peter Marshall were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion. Schedule J, Part I, Line 6 Nigel Portwood, Giles Spackman and Peter Marshall were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion. X 6 869419 Appraisal X 133441 Appraisal X 1 99786 Appraisal X Archive of Sir William Sterndale Bennett 2000 325162 Appraisal X Ocean Line Ephemera 750 79706 Appraisal 0 0 1 0 Form 990, Part V, Line 3b The University has requested an extension to the filing deadline for form 990-T. Form 990, Part VI, Section A, Line 4 During the financial year 1 August 2019 to 31 July 2020, the University made the following changes to its statutes: Statute V: Colleges, Societies, and Permanent Private Halls - to change the name of Parks College to Reuben College. Statute VI: Council - to add an additional external member of Council; increase the age limit for members from 66 to 75; allow attendance by a representative of the early career research staff; change outdated statutory cross references; and make wording gender neutral throughout. Statute XV: College Contributions Scheme and College Accounts - complete replacement of the statute to reflect the move to a new College Contributions Scheme and continuation of the previous scheme in the College Contributions Fund. Part 38 of the Schedule: Randall-MacIver Benefaction - to make the fellowships open to men as well as women, give responsibility for administration to the Humanities Divisional Board and add details regarding how fellowships are allocated. All changes to statutes require the approval of Congregation. Regulations are amended on a regular basis and are too numerous to list here. Form 990, Part VI, Section A, Line 7a Congregation, the University's ultimate legislative body, is composed of virtually all academic staff and certain research support staff, administrators and librarians. Members of Congregation elect eleven members of Council and approve the appointment of the external members of Council. Form 990, Part VI, Section A, Line 7b Congregation has responsibility for considering major policy issues submitted to it by Council or members of Congregation; elects members to certain University bodies, including Council; and approves changes to the University's statutes and regulations, which define the University's governance structure. Form 990, Part VI, Section B, Line 11b Once the University's financial statements have been signed off, a meeting is arranged with key finance/tax personnel to identify changes from the previous year's Form 990, identify changes in applicable law, agree methodology for gathering information and agree a timetable for completion and review of the Form 990. After information has been gathered, figures are prepared and reconciled to the financial statements. A review is done at this stage by key tax/finance staff to ensure accuracy and completeness. Prior to submission, a final review of the Form 990 is undertaken by key staff including the Head of Tax and the Group Tax Director on behalf of Council (the University's governing body). Form 990, Part VI, Section B, Line 12c The University has a conflict of interest committee, the remit of which includes ensuring that there are appropriate systems in place to promote and monitor compliance with the University's policy on conflict of interest. Committee secretaries are asked to draw the conflict of interest policy to the attention of their members on an annual basis and to remind committee members at each meeting of the requirement to declare any conflicts or potential conflicts. Form 990, Part VI, Section B, Line 15 The University has a committee to review the salaries of senior University officers. The committee includes three members who are external to the University, two members who are not employees of the University, and a member of the University whose role it is to uphold the University's statutes and policies throughout its governance and administration. This committee is responsible for setting and reviewing the remuneration of the Vice-Chancellor, Registrar, Pro-Vice-Chancellors, Heads of Division, and Director of Finance. The committee determines salaries on appointment and reviews remuneration biennially to ensure it remains appropriate. In setting senior remuneration packages the committee ensures fair (equitable), appropriate and justifiable levels of remuneration, taking account of: * the context in which the University operates and institutional performance within that context; * the remit and responsibilities of a role, and attributes required to undertake that role effectively; * the market rate in UK Universities for jobs of comparable scale and type. Benchmarking information is used and interpreted based on the scale, structure and ambition of the University. Where it is relevant the Committee may take account of evidence about the international market for comparable roles * factors in addition to the market rate which might lead to an adjustment to the salary, including: o the academic discipline of the individual; o their track record in academic and leadership roles; o internal relativities for jobs of comparable scale and type. The pattern of pay is checked against the relative size and complexity of the roles; and o retention and flight risk, where there is a clear and evidenced concern. Form 990, Part VI, Section C, Line 19 The University's governing documents can be found on the University website at https://www.admin.ox.ac.uk/statutes/. Financial statements are also available at https://www.ox.ac.uk/about/organisation/finance-and-funding?wssl=1. The University's conflict of interest policy, along with other ethical policies can be found at https://researchsupport.admin.ox.ac.uk/governance/integrity. Form 990, Part XI, Line 9 * Net exchange rate gains - $ 348,711,858 * Movement on pension liability - ($ 58,602,481) * Corporate taxes paid - ($ 6,827,883) * Other changes in net assets - ($ 7,028,352) Oxford Univ Dev (NA) Inc 500 Fifth Avenue 32nd Floor New York NY 10110 133497066 Fundraising NY 501(c)(3) 9 N/A 0 Oxford Endowment Fund King Charles House Park End Street Oxford Oxfordshire UK OX1 1JG 980680056 Funds Management UK 501(c)(3) 11a The Chancellor Master & Scholars of the University of Oxford 1 Oxford University Clinic LLP University Offices Wellington Square Oxford UK OX1 2JD Investment UK OUC Investments Ltd Excluded 0 -6128872 0 0 0.5 Project Tower Investment Sub LLP University Offices Wellington Square Oxford UK OX1 2JD Investment UK Oxford University Clinic LLP Excluded 0 0 0 0 0.5 Oxford University Innovation Limited University Offices Wellington Square Oxford UK OX1 2JD Research UK The Chancellor Master & Scholars of the University of Oxford C 1418049 27740200 1 1 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