THE APAX FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £73,207,863, though the Trustees note that £18,656,822 of this is represented by illiquid unrealised gains on carried interest holdings. The charity's future funding is described as highly dependent on the business success of Apax Partners LLP, with continued revenue from this source not guaranteed.
What the accounts disclose
“At year end, the Foundation owed an amount of £67,035 (2024 - £NIL) to Apax Partners UK Limited, a subsidiary of the Apax Partners LLP group. This relates to payroll costs in respect of the Foundation’s sole employee.” — page 42
“During the year, the Foundation donated a total of £66,735 (2024 - £nil) to Stronger Than You Think, a registered charity in which a close family member of a Trustee serves as Founder.” — page 42
“At year end, the Foundation owed an amount of £67,035 (2024 - £NIL) to Apax Partners UK Limited, a subsidiary of the Apax Partners LLP group. This relates to payroll costs in respect of the Foundation’s sole employee.” — page 42
“During the year, the Foundation donated a total of £66,735 (2024 - £nil) to Stronger Than You Think, a registered charity in which a close family member of a Trustee serves as Founder.” — page 42
“At year end, the Foundation owed an amount of £67,035 (2024 - £NIL) to Apax Partners UK Limited, a subsidiary of the Apax Partners LLP group. This relates to payroll costs in respect of the Foundation’s sole employee.” — page 42
“During the year, the Foundation donated a total of £66,735 (2024 - £nil) to Stronger Than You Think, a registered charity in which a close family member of a Trustee serves as Founder.” — page 42
“The Charity’s subsidiary undertaking, Apax E Member Limited, was incorporated on 3 November 2005. The company’s primary activity is to receive a profit share from Apax Partners LLP and to make donations to the Apax Foundation.” — page 4
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- SIR RONALD MOURAD COHENchair
- David Norman Marks
- Gabriele Cipparrone
- Jason Aaron Wright
- MR MITCH TRUWIT
- ROHAN HALDEA
- ROXANA-VIORICA MIRICA
- SIMON CRESSWELL
- Thomas Alfred Crewe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.9m | £3.6m |
| 31/03/2024 | £2.1m | £4.0m |
| 31/03/2023 | £2.9m | £3.0m |
| 31/12/2021 | £1.9m | £3.4m |
| 31/12/2020 | £4.1m | £6.0m |
Common questions
Is THE APAX FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £73,207,863, though the Trustees note that £18,656,822 of this is represented by illiquid unrealised gains on carried interest holdings. The charity's future funding is described as highly dependent on the business success of Apax Partners LLP, with continued revenue from this source not guaranteed. Its FY2025 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |