- The University holds a large amount of funds on trust to be applied for specific purposes narrower than those of the University itself (for example for a specific department). Many, though not all, of these trusts are set out in Trust Regulations, some of which are scheduled to the University’s Statutes.
- The University, through Council, has ultimate responsibility for the trust funds and their administration. On a day-to-day basis, that administration has been delegated, for most trusts, to individual boards of management. In order to fulfil its duties as the ultimate trustee, the University has put in place a Trusts Management Board. This acts as an oversight mechanism, to support and monitor the operation of the boards of management.
- One of the most significant trusts is the University of Oxford Development Trust Fund (“OUDT”), which exists for the benefit of the Colleges as well as the University, and which is described more fully below. The Trusts Management Board acts as the board of management for OUDT.
- The Trusts Management Board is made up of the following:
- the Pro-Vice-Chancellor for Planning and Resource Allocation;
- a representative from the Conference of Colleges;
- the Director of Finance;
- the Director of Legal Services and General Counsel; and
- the Secretaries to the University’s Academic Divisions.
The Secretary to the Board is the Trusts Administrator (Ellen Hudspith: (01865) (2) 80092), from whom further information can be obtained.