2024-11-13T20:20:15+00:00 2023-12-31 346565596 ERNST & YOUNG US LLP 1101 NEW YORK AVENUE NW Washington DC 20005 990 2023-01-01 981426715 THE OXFORD FUNDS ENDOWMENT MASTER OXFO 0186563290 27 PARK END STREET OXFORD UK OX11HU FAY ASHWELL COO 2024-11-14 true Amber N Doane P01391011 2023276000 2024-11-12 2023 2024-10-15 13:58:12Z FAY ASHWELL 27 PARK END STREET OXFORD UK OX11HU 315161161 false X www.ouem.co.uk/THE-OXFORD-ENDOWMENT-FUND X 2018 UK ENDOWMENT MASTER WAS ESTABLISHED TO MANAGE THE ENDOWMENT FUNDS OF THE UNIVERSITY OF OXFORD IN ORDER TO PROVIDE FOR THE ECONOMIC BENEFIT OF THE UNIVERSITY OF OXFORD. 1 0 0 0 2480837 2457795 0 0 922502751 52557014 232097706 248306015 6060030 5738853 1160660487 306601882 0 0 0 0 20488 24065 0 0 0 277194586 325111064 277215074 325135129 883445413 -18533247 6981885858 7594693848 22108272 36945076 6959777586 7557748772 THE ENDOWMENT MASTER'S PURPOSE AND ACTIVITY IS TO BENEFIT THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD (UNIVERSITY OF OXFORD), AN ORGANIZATION RECOGNIZED BY THE IRS AS AN EDUCATIONAL ORGANIZATION DESCRIBED IN IRC SECTION 170(B)(1)(A)(II) THAT IS TAX-EXEMPT UNDER IRC SECTION 501(C)(3). THE UNIVERSITY OF OXFORD HAS ESTABLISHED ENDOWMENT MASTER AS A CRITICAL COMPONENT OF ITS INVESTMENT STRUCTURE. THE INVESTMENT STRUCTURE, AND ENDOWMENT MASTER'S ACTIVITIES, ARE DESIGNED TO OPTIMIZE INVESTMENT RETURNS ON A PORTION OF THE UNIVERSITY OF OXFORD'S ASSETS. ENDOWMENT MASTER ALSO ALLOWS CERTAIN OTHER CHARITIES TO INVEST WITH ENDOWMENT MASTER THROUGH THE OXFORD FUNDS: NON-COLLEGIATE FEEDER, ALLOWING THEM TO MAKE USE OF ENDOWMENT MASTER'S INFRASTRUCTURE AND INVESTMENT SERVICES ALREADY PROVIDED TO THE OXFORD FUNDS: COLLEGIATE FEEDER. false false 291454136 52557014 ENDOWMENT MASTER'S PURPOSE IS TO PROVIDE SUPPORT TO THE UNIVERSITY OF OXFORD THROUGH ITS INVESTMENT RETURNS. THERE WAS $213,093,469 OF DISTRIBUTIONS TO UNITHOLDERS OF THE FUNDS FOR THE YEAR 2023. 291454136 true false false false false false false false true true true false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false true true true false false true X 0 0 0 true true true UK false false false false false false X 1 0 false true false false false false false true true false false false false false false false false false X FAY ASHWELL 0186563290 27 PARK END STREET OXFORD UK OX11HU TOF CORPORATE TRUSTEE LIMITED CORPORATE TRUSTEE 0.0 0.0 X 24065 0 0 24065 0 0 0 false false false Oxford University Endowment Management Limited 27 Park End Street Oxford UK OX11HU Investment manager 29647202 Citco Fund Services (Europe) BV Naritaweg 165 1043 BW UK Admin and AFS preparation 1367995 JP Morgan Europe Limited 25 Bank Street Canary Wharf London UK E145JP Depositary 813721 SRA Architects Station Station House Ashley Avenue UK BA13DS Property services 566216 Hoare Lea Old Iron Works 35A Great Clarendon St Oxford UK OX26AT Property services 521721 23 0 SALE OF FUND UNITS 523000 52557014 52557014 0 0 0 0 52557014 22265716 2480837 19784879 13860017 8559279 5300738 0 5300738 5300738 226040299 226040299 0 226040299 226040299 REBATE INCOME 522300 438069 438069 OTHER INCOME 522300 46 46 0 0 0 0 438115 306601882 52557014 2480837 251564031 24065 24065 1639394 1639394 0 0 454699 454699 30387224 30387224 0 0 0 0 117229 117229 DISTRIBUTIONS TO UNITHOLDERS 291454136 291454136 0 DEPOSITORY FEES 965969 965969 OTHER MISC EXPENSES 54064 54064 CUSTODIAN FEES 38349 38349 0 0 0 0 325135129 291454136 33680993 0 208255271 456805401 0 0 0 0 318082080 0 301384590 318082080 6436874123 6624380151 0 35371874 195426216 6981885858 7594693848 22108272 36945076 0 0 0 0 22108272 36945076 6959777586 7557748772 6959777586 7557748772 6981885858 7594693848 X -18533247 245839932 370664501 X false true X true false X X 1 THE CHANCELLOR MASTER AND SCHOLARS OF THE UNIVERSITY OF OXFORD 986001062 2 true 179545219 0 1 179545219 0 true false false true false false false false false false false false false false false false false false false 6959777586 52557014 870549302 291454136 33680994 7557748772 7604275889 922502751 -1289785980 244274464 32940610 6959777586 6439293038 531735265 902539405 235466530 33825289 7604275889 5388981777 379241222 890898065 194352447 25475579 6439293038 4315692534 336331082 930706799 170240838 23507800 5388981777 0.0 1.0 0.0 false false 318082080 318082080 318082080 CLOSELY HELD STOCK 1965469527 F LP OR LLP INTEREST 4658910624 F 6624380151 508444079 245839932 0 245839932 262604147 43997735 43997735 306601882 42240273 8559280 8559280 33680993 291454136 291454136 325135129 Schedule D, Part V, Line 4 Intended uses of endowment funds TO BE USED FOR THE CHARITABLE PURPOSES OF THE UNDERLYING INVESTORS. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SALE OF FUND UNITS - 52557014 RENTAL EXPENSES - -8559279 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 8559280 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements DISTRIBUTIONS TO UNITHOLDERS - XXX-XX-XXXX Europe (Including Iceland and Greenland) 0 0 Investments 1762654249 Sub-Saharan Africa 0 0 Investments 29546723 Central America and the Caribbean 0 0 Investments 2929071757 0 0 0 0 0 0 4721272729 0 4721272729 false false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEA; EUROPE (INCLUDING ICELAND AND GREENLAND; SUB-SAHARAN AFRIC Form 990, Part I, Line 1 ORGANIZATIONS PHONE NUMBER DUE TO CHARACTER LIMITATIONS ON THE ELECTRONIC FILING SOFTWARE, THE FULL PHONE NUMBER WOULD NOT PRINT. THIS NUMBER IS ALSO THE NUMBER FOR PART VI, LINE 20, TO REACH THE INVIDIVUAL OF WHOM THE BOOKS ARE IN CARE. THE PHONE NUMBER IS AS FOLLOWS: +44 (0)1865 632900 Form 990, Part I, Line 1 PART I THE FINANCIAL STATEMENTS OF THE OXFORD FUNDS: ENDOWMENT MASTER ("ENDOWMENT MASTER") ARE PRESENTED IN GREAT BRITISH POUNDS. THE AMOUNTS REPORTED ON PART X OF THE FORM 990 WERE CONVERTED FROM GREAT BRITISH POUNDS TO US DOLLARS USING THE SPOT CONVERSATION RATE OF 12/31/2023 OF 1.2733. THE AMOUNTS REPORTED ON PARTS VII, VIII, AND IX OF THE FORM 990 WERE CONVERTED FROM GREAT BRITISH POUNDS TO US DOLLARS USING THE AVERAGE CONVERSION RATE FOR THE YEAR ENDED 12/31/2023 OF 1.2439. THE FOREIGN CURRENCY CONVERSION RESULTS IN AN ADJUSTING ITEM TO THE FUNDS'S CHANGE IN NET ASSETS FOR THE PERIOD WHICH IS REPORTED ON FORM 990, PART XI, LINE 9. THE NONSTATUTORY FINANCIAL STATEMENTS HAVE BEEN PREPARED UNDER THE HISTORICAL-COST BASIS, AS MODIFIED BY THE REVALUATION OF INVESTMENTS, IN ACCORDANCE WITH APPLICABLE UNITED KINGDOM ACCOUNTING STANDARDS. Form 990, Part VI, Line 1a LINES 1 & 3 ENDOWMENT MASTER HAS NO OFFICERS OR DIRECTORS. THE SOLE TRUSTEE OF ENDOWMENT MASTER, AS REQUIRED UNDER UNITED KINGDOM LAW, IS TOF CORPORATE TRUSTEE LIMITED, AN INDIRECT SUBSIDIARY OF THE UNIVERSITY OF OXFORD, AN ORGANIZATION RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) BY THE INTERNAL REVENUE SERVICE. INVESTMENT MANAGEMENT ACTIVITIES OF ENDOWMENT MASTER ARE SUBJECT TO OVERSIGHT BY THE UNIVERSITY'S INVESTMENT COMMITTEE. Form 990, Part VI, Line 8a LINES 8A & 8B ENDOWMENT MASTER HAS NO OFFICERS OR DIRECTORS. TOF CORPORATE TRUSTEE LIMITED, ENDOWMENT MASTER'S SOLE TRUSTEE, MANAGES THE FUNDS THROUGH OUEM. MEETINGS OF THE GOVERNING BODY AND COMMITTEES ARE REGULARLY AND CONTEMPORANEOUSLY DOCUMENTED IN ACCORDANCE WITH THE REQUIREMENTS OF UNITED KINGDOM LAW. Form 990, Part VI, Line 12a LINES 12, 13 & 14 THE FUNDS WERE ADMINISTERED IN ACCORDANCE WITH POLICIES SET FORTH BY OUEM, A WHOLLY-OWNED SUBSIDIARY OF THE UNIVERSITY OF OXFORD. Form 990, Part VI, Line 15a LINES 15A & 15B ENDOWMENT MASTER DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT PROVIDE COMPENSATION TO ANY INDIVIDUALS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY ERNST & YOUNG, LLP, BASED ON THE INFORMATION PROVIDED BY ENDOWMENT MASTER THROUGH OUEM. OUEM'S CHIEF OPERATING OFFICER REVIEWS THE RETURN PRIOR TO FILING. ONCE APPROVED, ERNST & YOUNG SIGNS AS PREPARER AND THE CHIEF OPERATING OFFICER SIGNS ON BEHALF OF THE FUNDS. Form 990, Part VI, Line 19 Required documents available to the public ENDOWMENT MASTER'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. Form 990, Part XI, Line 9 Other changes in net assets or fund balances FOREIGN CURRENCY TRANSLATION ADJUSTMENT - XXX-XX-XXXX; Form 990, Part XII, Line 1 PART XII, LINE 1 THE NON-STATUTORY FINANCIAL STATEMENTS HAVE BEEN PREPARED UNDER THE HISTORICAL-COST BASIS, AS MODIFIED BY THE REVALUATION OF INVESTMENTS TO FAIR VALUE, IN ACCORDANCE WITH APPLICABLE UNITED KINGDOM ACCOUNTING STANDARDS. Form 990, Part XII, Line 2c PART XII, LINE 2C OUEM ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW AND COMPILATION OF THE FUND'S FINANCIAL STATEMENTS, AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE UNIVERSITY OF OXFORD 986001062 UNIVERSITY UK 501(c)(3) 2 na false THE OXFORD FUNDS 980680056 INVESTMENTS UK 501(c)(3) na false OXFORD UNIVERSITY ENDOWMENT MANAGEMENT INVESTMENT MGMT UK na C Corporation false TOF CORPORATE TRUSTEE LTD CORPORATE TRUST UK NA C Corporation false ENDOWMENT ESTATES LIMITED INVESTMENT MGMT UK TOFEM C Corporation 2886212 12089325 1.0000 true ECOSYSTEM CAPITAL LIMITED INVESTMENT MGMT UK TOFEM C Corporation -216474 391011 1.0000 true false false false false false false false false false false false false false false false false false true false THE OXFORD FUNDS R 213093469 FMV