UNIVERSITY OF PENNSYLVANIA (USA) FOUNDATION LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £1,496,536 for the year ended 30 June 2025, resulting in unrestricted reserves of £974,626. The trustees maintain a policy of retaining minimal general reserves, specifically under £10,000, to cover administrative expenses while donating incoming resources to educational institutions. The charity relies on the support of the University of Pennsylvania (USA) for its day-to-day obligations and future activities.
What the accounts disclose
“as a policy, funds are not retained in general reserves, save to meet general expenses of £10,000.”
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- ALEXANDROS HAIDAS
- Jay Stevens Gleacher
- Kathryn Griffo
- Paul Jeffrey Burger OBE
- SIMON DAN PALLEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £7.6m | £7.3m |
| 30/06/2024 | £10.8m | £12.3m |
| 30/06/2023 | £6.3m | £5.5m |
| 30/06/2022 | £4.2m | £4.7m |
| 30/06/2021 | £4.9m | £3.6m |
Common questions
Is UNIVERSITY OF PENNSYLVANIA (USA) FOUNDATION LIMITED financially healthy?
The accounts state that the charity reported a net deficit of £1,496,536 for the year ended 30 June 2025, resulting in unrestricted reserves of £974,626. The trustees maintain a policy of retaining minimal general reserves, specifically under £10,000, to cover administrative expenses while donating incoming resources to educational institutions. The charity relies on the support of the University of Pennsylvania (USA) for its day-to-day obligations and future activities. Its FY2025 accounts were audited by Nielsens.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NNS FOUNDATION | 1 | £21.2m |
| National Philanthropic Trust UK Limited | 1 | £4.4m |
| Founders Pledge Ltd | 1 | £3.4m |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £165k |
| THE APAX FOUNDATION | 1 | £157k |
| THE EVAN CORNISH FOUNDATION | 1 | £10k |