- However, the University has established a trust for the receipt and allocation of gifts to the collegiate University. This is the University of Oxford Development Trust Fund (“OUDT”). Like the University itself, it is an exempt charity, and therefore has no charity registration number. It is recognised as a charity by HMRC, under number XN80595.
- The objects of OUDT are “to procure, assist and secure the advancement of education, learning, teaching, scholarship and research at or in connection with the University and its Colleges and other Societies in so far as the same are charitable.”
Please note that these are educational objects. Some Colleges also have religious or heritage objects which are not merely ancillary to their educational purposes. Should you wish to give to a College expressly for religious or heritage purposes, please do so direct to the College; and not to OUDT.
- The Trustee of OUDT is the University. The University (acting by its Council) has delegated the administration of OUDT to a Board of Management which consists of the following persons (or their respective nominees): the Pro-Vice-Chancellor (Planning and Resources), the Director of Finance, the Director of Legal Services and General Counsel, the Secretaries to each of the Divisions, and a representative of the Conference of Colleges. Enquiries about the role of OUDT and its procedures should be addressed to the Trusts Administrator (email@example.com).
- Within OUDT there are a series of broad purpose Funds, the current ones being:
- the Vice-Chancellor’s (general) Fund;
- the Oxford Teaching Fund;
- the Oxford Undergraduate Scholarship Fund;
- the Oxford Graduate Scholarship Fund;
- the Widening Access and Participation Fund;
- the Sports Fund;
- a Fund for each Academic Division and for the Department for Continuing Education;
- the Bodleian Fund;
- the Ashmolean Fund;
- a Fund for the other University Collections; and
- a Fund for each College and Society.
Each of the above Funds (apart from the Vice-Chancellor’s Fund) is described in a separate Prospectus which is available from the Development Office.
- The Vice-Chancellor’s Fund is unrestricted and can be applied for the general purposes of the Collegiate University. We would encourage you to give your gift on an unrestricted basis, so that it can be used by the University in the areas of greatest need.
- However, if you would like to restrict your gift, we would invite you to specify one or other of the above Funds, as for example:
“I give to Oxford University Development Trust Fund the sum of < > pounds (£< >) for the Oxford Undergraduate Scholarship Fund; and I direct that the receipt of the Trusts Administrator or other proper officer of the Trust shall be a sufficient discharge to the executors for this gift.”
If you do not specify any other Fund, your gift will be allocated to the Vice-Chancellor’s Fund.
- Each Fund will be able to hold three types of donation:
- permanent endowment – which must be retained for a specific use and invested to produce an income;
- expendable endowment – which can either be retained (and invested to produce an income) or spent, according to the discretion of the University acting through the Trusts Board of Management;
- income – which must be spent within a reasonable period of time.
Unless a donor specifies either of the other types, all donations to the Oxford Graduate Scholarship Fund will be treated as permanent endowment; and all other donations will be treated as expendable endowment.
- If you would like to be more specific about the application of your money within a particular Fund, we would ask you to add the following:
“I express the wish, without creating any trust or imposing any other legally-binding obligation, that … [e.g. preference be given to undergraduates reading Archaeology and Anthropology]”
The University will take the greatest care to ensure that such wishes are carried out. With the passage of time, however, circumstances may arise in which it will no longer be possible to carry out your original intention. For example, a serious fall in the value of money, or changes in the rules governing the making of awards from public funds, may result in there being no competition for a scholarship or prize. In such an eventuality, there may well be other ways in which your desire to assist the study of a particular subject could be fulfilled, but unless the University is given some discretion it is often difficult to take any effective action without resort to the Charity Commission or the Courts. Obtaining a Court Order or a Charity Commission Scheme would incur significant costs, which would be chargeable to the trust fund. It is for this reason that we would prefer any expressions of wishes not to be legally binding.