The Chancellor Masters and Scholars of the University of Cambridge

“The university is a democratic body ultimately controlled by its academic staff who are members of the regent house. There are approximately 7,200 members of the regent house. These members elect 8 of the 25 members of the university council and have the right to review the council's decisions.”

“Please refer to response from 990, part vi, line 7a.”

“The form 990 is prepared by an outside accounting firm with information provided by the university's finance and accounting department. After preparation it is reviewed by the finance and accounting department and approved for filing by the university's head of tax.”

“1) senior officers, directors of subsidiary companies and members of decision-making bodies are required to complete an annual return disclosing any outside interests. 2) every meeting of a decision-making body (e.g. University committee) must start with an invitation to disclose any conflicts of interest the matters being addressed. Any individual disclosing a conflict of interest is not able to take an active part in the matter for decision. The minutes of these meetings showing the declaration of the conflict of interest are published online.”

“The university council (governing body) has a remuneration committee chaired by an external member. The committee draws heavily on external professional advice and bench-marking in determining appropriate rates of remuneration.”

“Governing documents, conflict of interest policy and financial statements are made available to the public on the university's website.”

“The mission of the university of cambridge is to contribute to society through the pursuit of education, learning, and research at the highest international levels of excellence. Organizationally, we achieve this through two divisions comprising: 1) the academic university - which undertakes over 4,000 research projects annually, provides education to approximately 24,000 students along with a range of other activities complementing its academic mission. 2) cambridge university press and assessment which promotes educational excellence and high quality learning through global publishing and related services and the development, use and application of assessment and examination.”

“Actuarial gains/losses $ 124,217,323 fx adj / current year forex $ 363,457,772 fv bond liabilities $-16,596,695 other adjustments $-2,806,990 ---------------- total $ 468,271,410”

“Schedule b is reporting all grants received by the university. A portion of each contribution listed includes program service revenue.”