THE NUFFIELD FOUNDATION
The advancement of social well being, particularly by scientific research. We do this in two ways: by supporting research, enquiry and innovative development that will contribute to the improvement of policy and practice; and by supporting young people to develop their interest in science, technology, engineering and maths (STEM).
Financial health, per its FY2025 accounts
The accounts state that total funds increased to £565 million, with investments valued at £596 million, significantly exceeding long-term targets. The Trustees confirm that cash and gilt holdings are double the requirement to meet forecast outflows, ensuring sufficient reserves to continue as a going concern. The unrestricted general fund is reported as £9.6 million, though the charity's policy is not to maintain a general unrestricted reserve.
What the accounts disclose
“As such it is the Foundation’s policy not to maintain an unrestricted general reserve and so we expect the unrestricted general fund to be negative at times.”
“During the year, Trustees received £11,000 (2024: £11,000) and the chairman received £17,703 (2024: £17,703), with the total paid to active Trustees during 2025 of £84,000. In addition, Trustee Indemnity Insurance was purchased during the year.”
“The company has made a Gift Aid donation to the Foundation of £94k (2024: £215k). This payment is outstanding at the year end.”
“During 2025, costs associated with the Fellowship came to £9k (2024: £2k), and income was received of £16k (2024: £18k). These are included in the SOFA and the expenses are included in the table above.”
“The company has made a Gift Aid donation to the Foundation of £94k (2024: £215k). This payment is outstanding at the year end.”
“During 2025, costs associated with the Fellowship came to £9k (2024: £2k), and income was received of £16k (2024: £18k). These are included in the SOFA and the expenses are included in the table above.”
“In 2021 we set up a wholly owned subsidiary, Nuffield Foundation Education Ltd, as a ‘special purpose vehicle’ for the management of the grant from the Department for Education to roll out the Nuffield Early Language Intervention.”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2024) to "above" (FY2025).
Leadership, per the charity’s website
- Professor Sir Keith Burnett CBE, FRS, FInstPhys, FLSW — Chair
- Gavin Kelly — Chief Executive
- Nicola Webb — Executive Director, Strategy, Governance and Engagement
- Josh Hillman — Director, Education
- Rob Street — Director, Justice
- Mark Franks — Director, Welfare
- Deirdre Carty — Director, HR and Office Services
- Natalie Leon — Director, Finance and Information Systems
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Professor Keith Burnettchair
- Dame Clare Tickell
- John James Pullinger CB
- Professor Ann Alison Phoenix
- Professor Ash Amin CBE
- Professor Brian David Bell
- Professor Lorraine Margaret Dearden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £14.3m | £33.7m |
| 31/12/2024 | £12.4m | £29.8m |
| 31/12/2023 | £8.5m | £23.1m |
| 31/12/2022 | £5.4m | £24.9m |
| 31/12/2021 | £11.7m | £30.1m |
Common questions
Is THE NUFFIELD FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that total funds increased to £565 million, with investments valued at £596 million, significantly exceeding long-term targets. The Trustees confirm that cash and gilt holdings are double the requirement to meet forecast outflows, ensuring sufficient reserves to continue as a going concern. The unrestricted general fund is reported as £9.6 million, though the charity's policy is not to maintain a general unrestricted reserve. Its FY2025 accounts were audited by Crowe U.K. LLP.
Who funds THE NUFFIELD FOUNDATION?
Funders whose own accounts filings name THE NUFFIELD FOUNDATION as a grant recipient include Arthritis UK, THE HEALTH FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| Arthritis UK | FY2023 | £250k | Research Grant |
| THE HEALTH FOUNDATION | FY2023 | £13k | Improving people’s health and reducing inequalities |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £2.2m |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £674k |
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | 1 | £266k |
| THE NATIONWIDE FOUNDATION | 1 | £242k |
| KUSUMA TRUST UK | 1 | £154k |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £121k |
| TRUST FOR LONDON | 1 | £114k |
| JOHN ELLERMAN FOUNDATION | 1 | £100k |
Charities like this
- NUFFIELD COLLEGE IN THE UNIVERSITY OF OXFORD
- THE NORTON FOUNDATION
- THE NUFFIELD TRUST FOR RESEARCH AND POLICY STUDIES IN HEALTH SERVICES
- THE EDUCATION ENDOWMENT FOUNDATION
- JOHN INNES FOUNDATION
- THE FOUNDATION FOR THE PROMOTION OF WELL-BEING
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE NUFFIELD FOUNDATION | £14.3m | — | — | above | — | no doubt |
| NUFFIELD COLLEGE IN THE UNIVERSITY OF OXFORD | £14.0m | — | — | unclear | — | no doubt |
| THE NORTON FOUNDATION | £153k | — | 0 | unclear | — | no doubt |
| THE NUFFIELD TRUST FOR RESEARCH AND POLICY STUDIES IN HEALTH SERVICES | £3.6m | £190,000 - £200,000 | — | below | — | no doubt |
| THE EDUCATION ENDOWMENT FOUNDATION | £52.4m | — | 0 | unclear | — | no doubt |
| JOHN INNES FOUNDATION | £1.7m | — | 0 | unclear | — | no doubt |