THE UNIVERSITY OF CHICAGO FOUNDATION LIMITED
Higher Education
Objects
TO ADVANCE EDUCATION, IN PARTICULAR BY PROVIDING GRANTS TO THE UNIVERSITY OF CHICAGO AND TO OTHER EDUCATIONAL INSTITUTIONS TO ASSIST IN THE ADVANCEMENT OF EDUCATION OF STUDENTS ATTENDING THE INSTITUTION.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds closed the year with a deficit of £9,520, arising from reduced donation income and increased foreign exchange losses. However, the trustees consider the position manageable due to ongoing financial and operational support from the parent company, the University of Chicago. The charity maintains a minimal reserves policy, holding only nominal funds to cover annual expenses.
What the accounts disclose
“Donations 55,794 6,050,439 6,106,233” — page 13
“They have determined that reserves should be minimal at any period end, only reflecting a short term timing difference between receipt of income and payment of a grant and to maintain adequate funds to cover nominal annual expenses.” — page 6
“The University provides ongoing financial and operational support, and the trustees consider this position to be manageable and consistent with the Charity’s operating model, giving them confidence that the Charity will continue to meet its obligations as they fall due.”
“During the year the University of Chicago Booth School of Business incurred costs on behalf of the Charity which amounted to £55,694 (2024: £30,670). There were no balances owed at the year end, as this amount has been gifted to the Charity and included in the donations in kind amount provided above.” — page 25
“Grants made in the year totaled £6,242,003 (2024: £5,329,380) and this included £4,610,235 (2024: £6,487,186) which was paid to the University of Chicago in the US during the year.” — page 25
“During the year the University of Chicago Booth School of Business incurred costs on behalf of the Charity which amounted to £55,694 (2024: £30,670). There were no balances owed at the year end, as this amount has been gifted to the Charity and included in the donations in kind amount provided above.” — page 25
“Grants made in the year totaled £6,242,003 (2024: £5,329,380) and this included £4,610,235 (2024: £6,487,186) which was paid to the University of Chicago in the US during the year.” — page 25
“During the year the University of Chicago Booth School of Business incurred costs on behalf of the Charity which amounted to £55,694 (2024: £30,670). There were no balances owed at the year end, as this amount has been gifted to the Charity and included in the donations in kind amount provided above.” — page 25
“Grants made in the year totaled £6,242,003 (2024: £5,329,380) and this included £4,610,235 (2024: £6,487,186) which was paid to the University of Chicago in the US during the year.” — page 25
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Policies the charity declares
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/06/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2023
- Grant-making is its main activity
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 5 were received after the due date: year ending 30/06/2025 (received 06/05/2026, 6 days after the 30/04/2026 due date); year ending 30/06/2024 (received 08/05/2025, 8 days after the 30/04/2025 due date); year ending 30/06/2023 (received 24/06/2024, 55 days after the 30/04/2024 due date); year ending 30/06/2022 (received 11/10/2023, 164 days after the 30/04/2023 due date); year ending 30/06/2021 (received 18/01/2023, 263 days after the 30/04/2022 due date).
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Jennie Bennett
- Keyarmin Afsahi
- Robert Hochman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £6.1m | £6.3m |
| 30/06/2024 | £5.4m | £5.4m |
| 30/06/2023 | £10.7m | £11.1m |
| 30/06/2022 | £731k | £900k |
| 30/06/2021 | £2.9m | £3.0m |
Common questions
Is THE UNIVERSITY OF CHICAGO FOUNDATION LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds closed the year with a deficit of £9,520, arising from reduced donation income and increased foreign exchange losses. However, the trustees consider the position manageable due to ongoing financial and operational support from the parent company, the University of Chicago. The charity maintains a minimal reserves policy, holding only nominal funds to cover annual expenses. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Who funds THE UNIVERSITY OF CHICAGO FOUNDATION LIMITED?
Funders whose own accounts filings name THE UNIVERSITY OF CHICAGO FOUNDATION LIMITED as a grant recipient include NNS FOUNDATION, Founders Pledge Ltd.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| NNS FOUNDATION | FY2022 | £4.2m | support the scholarship of Egyptian students |
| NNS FOUNDATION | FY2023 | £4.0m | scholarship of Egyptians students |
| NNS FOUNDATION | FY2024 | £4.0m | |
| Founders Pledge Ltd | FY2024 | £3.4m | |
| NNS FOUNDATION | FY2023 | £2.0m | scholarship of Egyptians students |
| NNS FOUNDATION | FY2023 | £1.5m | scholarship of Egyptians students |
| NNS FOUNDATION | FY2022 | £1.5m | support the scholarship of Egyptian students |
| NNS FOUNDATION | FY2024 | £1.0m | |
| NNS FOUNDATION | FY2022 | £1.0m | support the scholarship of Egyptian students |
| NNS FOUNDATION | FY2022 | £1.0m | support the scholarship of Egyptian students |
| NNS FOUNDATION | FY2025 | £1.0m | support its research and pedagogical actions |
| NNS FOUNDATION | FY2023 | £1.0m | scholarship of Egyptians students |
| NNS FOUNDATION | FY2025 | £181k | support scholarships for undergraduate students who are financially dependent on their own efforts to attend the College |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AKO FOUNDATION | 1 | £3.7m |
| THE BROOMTON FOUNDATION | 1 | £500k |
| UBS UK Donor-Advised Foundation | 1 | £40k |
| MOYNITRUST | 1 | £3k |
Charities like this
- CORNELL UNIVERSITY FOUNDATION (UK) LIMITED
- MIT FOUNDATION (UK) LIMITED
- THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS
- UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
- STANFORD FOUNDATION (UK) LIMITED
- UNIVERSITY OF PENNSYLVANIA (USA) FOUNDATION LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE UNIVERSITY OF CHICAGO FOUNDATION LIMITED | £6.1m | — | 0 | unclear | — | noted |
| CORNELL UNIVERSITY FOUNDATION (UK) LIMITED | £2.7m | — | — | below | — | no doubt |
| MIT FOUNDATION (UK) LIMITED | £7.3m | — | 0 | unclear | — | no doubt |
| THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS | £6.4m | — | — | unclear | — | no doubt |
| UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED | £118k | — | 0 | unclear | — | no doubt |
| STANFORD FOUNDATION (UK) LIMITED | £1.0m | — | 0 | above | — | no doubt |