Civic Intelligence

The Gates Cambridge Trust

EIN 98-0335263 • 501(c)3 • Cambridge, England, UK

Profile

The bill and melinda gates foundation donated $210 million to create in perpetuity an international scholarship programme to enable outstanding students (with leadership qualities and a desire to contribute to society) from outside the uk to study at the university of cambridge.

Bill Gates Sr House 17 Mill LaneCambridge, England CB2 1RXUk

www.gatescambridge.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

15th percentile

0.04x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

1.09x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

66th percentile

9.9%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

4th percentile

$128,824

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

44th percentile

4.8%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

8.6%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$466,654,000

Up $21,315,000 (+4.8%) from 2023

Liabilities

Up

$19,483,000

Up $3,093,000 (+19%) from 2023

Net Assets

Up

$447,171,000

Up $18,222,000 (+4.2%) from 2023

Revenue

Up

$17,949,000

Up $1,421,000 (+8.6%) from 2023

Expenses

Up

$16,179,000

Up $1,451,000 (+9.9%) from 2023

Net Income

Down

$1,770,000

Down $30,000 (-1.7%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2011: $282,952Liabilities 2011: $62Net Assets 2011: $282,8902011Assets 2012: $272,271Liabilities 2012: $70Net Assets 2012: $272,2012012Assets 2013: $308,558Liabilities 2013: $63Net Assets 2013: $308,4952013Assets 2014: $352,649Liabilities 2014: $76Net Assets 2014: $352,5732014Assets 2015: $360,176Liabilities 2015: $22Net Assets 2015: $360,1542015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $360,536Liabilities 2017: $7,580Net Assets 2017: $352,9572017Assets 2018: $382,468Liabilities 2018: $7,838Net Assets 2018: $374,6302018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $376,791,000Liabilities 2020: $14,518,000Net Assets 2020: $362,273,0002020Assets 2021: $479,481,000Liabilities 2021: $15,759,000Net Assets 2021: $463,722,0002021Assets 2022: $427,847,000Liabilities 2022: $15,017,000Net Assets 2022: $412,830,0002022Assets 2023: $445,339,000Liabilities 2023: $16,390,000Net Assets 2023: $428,949,0002023Assets 2024: $466,654,000Liabilities 2024: $19,483,000Net Assets 2024: $447,171,0002024

Highlighted filing

2024

Assets$466,654,000
Liabilities$19,483,000
Net Assets$447,171,000

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $8,945Expenses 2011: $9,992Net Income 2011: -$1,0472011Revenue 2012: $10,481Expenses 2012: $9,677Net Income 2012: $8042012Revenue 2013: $10,358Expenses 2013: $9,561Net Income 2013: $7972013Revenue 2014: $11,989Expenses 2014: $10,552Net Income 2014: $1,4372014Revenue 2015: $11,560Expenses 2015: $10,320Net Income 2015: $1,2402015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $11,067Expenses 2017: $10,557Net Income 2017: $5102017Revenue 2018: $12,053Expenses 2018: $11,128Net Income 2018: $9252018Revenue 2019: $12,211Expenses 2019: $0Net Income 2019: $12,2112019Revenue 2020: $13,716,000Expenses 2020: $12,473,000Net Income 2020: $1,243,0002020Revenue 2021: $14,949,000Expenses 2021: $12,996,000Net Income 2021: $1,953,0002021Revenue 2022: $13,824,000Expenses 2022: $12,998,000Net Income 2022: $826,0002022Revenue 2023: $16,528,000Expenses 2023: $14,728,000Net Income 2023: $1,800,0002023Revenue 2024: $17,949,000Expenses 2024: $16,179,000Net Income 2024: $1,770,0002024

Highlighted filing

2024

Revenue$17,949,000
Expenses$16,179,000
Net Income$1,770,000

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$467$19.5$447$17.9$16.2$1.77
2023Detailed filing. Detailed filing data is available for this year.$445$16.4$429$16.5$14.7$1.80
2022Detailed filing. Detailed filing data is available for this year.$428$15.0$413$13.8$13.0$0.83
2021Detailed filing. Detailed filing data is available for this year.$479$15.8$464$14.9$13.0$1.95
2020Detailed filing. Detailed filing data is available for this year.$377$14.5$362$13.7$12.5$1.24
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.01$0.00$0.01
2018Summary only. Only limited summary data is available for this year.$0.38$0.01$0.37$0.01$0.01$0.00
2017Summary only. Only limited summary data is available for this year.$0.36$0.01$0.35$0.01$0.01$0.00
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2015Summary only. Only limited summary data is available for this year.$0.36$0.00$0.36$0.01$0.01$0.00
2014Summary only. Only limited summary data is available for this year.$0.35$0.00$0.35$0.01$0.01$0.00
2013Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.01$0.01$0.00
2012Summary only. Only limited summary data is available for this year.$0.27$0.00$0.27$0.01$0.01$0.00
2011Summary only. Only limited summary data is available for this year.$0.28$0.00$0.28$0.01$0.01$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
May 16, 2025
Return Version
2023v6.0
Gross Receipts
$17,949,000
Mission and Program Overview

Mission

The bill and melinda gates foundation donated $210 million to create in perpetuity an international scholarship programme to enable outstanding students (with leadership qualities and a desire to contribute to society) from outside the uk to study at the university of cambridge.

International scholarship programme to enable outstanding students from outside the uk to study at the university of cambridge funded by the gates fdn.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$428,949,000$447,171,000▲ $18,222,000
Investments Other Securities$429,237,000$443,153,000▲ $13,916,000
Savings and Temporary Cash Investments$10,308,000$11,126,000▲ $818,000
Land, Buildings, and Equipment, Net$2,200,000$8,388,000▲ $6,188,000
Accounts Receivable$2,833,000$3,982,000▲ $1,149,000
Cash and Non-Interest-Bearing Accounts$761,000$5,000▼ $756,000
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$445,339,000$466,654,000▲ $21,315,000
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$16,390,000$19,483,000▲ $3,093,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$16,390,000$19,483,000▲ $3,093,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$428,949,000$447,171,000▲ $18,222,000
Total Liabilities and Net Assets / Fund Balance$445,339,000$466,654,000▲ $21,315,000

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,031,000$13,000$4,044,000
Buildings$3,495,000$12,000$3,507,000
Equipment$556,000$22,000$578,000
Other Land Buildings$306,000$11,000$317,000
Other Securities$224,000--
Closely Held Equity Interests$442,929,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$428,949,000-▲ $34,401,000$411,000$447,171,000
2022$412,830,000-▲ $30,847,000$223,000$428,949,000
2021$463,713,000-▼ $37,902,000$100,000$412,830,000
2020$362,274,000-▲ $114,432,000$19,000$463,713,000
2019$351,820,000-▲ $22,927,000$276,000$362,274,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Jade TranDirector of FinanceFT$128,824$128,824
Professor Eilis FerranProvostPT$103,359$103,359
Mr Jim SmithEmployeeFT$100,017$100,017
Revenue and Support

Revenue Composition

Contributions and Grants
$45,000
Program Service Revenue
$0
Investment Income
$17,886,000
Other Revenue
$18,000
All Other Contributions
$45,000
Change in Net Assets
$1,770,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,949,000
Revenue Not Reported on Form 990
$14,303,000
Total Revenue per Audited Statements
$32,252,000
Total Revenue per Form 990
$17,949,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$14,894,000
Other Expenses$700,000
Salaries, Compensation, and Employee Benefits$585,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$14,894,000--$14,894,000
Other Salaries and Wages-$346,000-$346,000
Current Officers, Directors, Trustees, and Key Employees-$232,000-$232,000
Occupancy-$151,000-$151,000
Conferences and Meetings-$79,000-$79,000
Depreciation Depletion-$58,000-$58,000
Advertising-$56,000-$56,000
Information Technology-$54,000-$54,000
Other Expenses$0$43,000$0$43,000
Office Expenses-$30,000-$30,000
Fees for Services Management-$29,000-$29,000
Fees for Services Accounting-$24,000-$24,000
Other Employee Benefits-$7,000-$7,000
Fees for Services Legal-$2,000-$2,000
Total Functional Expenses$15,014,000$1,165,000$0$16,179,000

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,179,000
Total Expenses per Audited Statements$16,179,000
Total Expenses per Form 990$16,179,000
International Activity

International Summary

Offices
1
Employees
8
Spending
$14,894,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)GrantmakingNone18$14,894,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, LINE 7A:

The university of cambridge appoints all trustees apart from two nominated by the gates foundation.

FORM 990, PART VI, LINE 11A:

The form 990 is approved by the trustees at the board meeting prior to filing with the irs. Moreover, the form 990 was independently reviewed by qualified advisors prior to consideration by trustees.

FORM 990, PART VI, LINE 12C:

Trustees, officers and executive employees receive a copy of the trust's conflict of interest policy on an annual basis. Such individuals are required to certify each year that they have read and understood the trust's conflict of interest policy as well as to make certain disclosures on the annual conflict questionnaire. The completed questionnaires are maintained by the trust for reference throughout the year at trustee/committee meetings and otherwise as needed. Trustees, officers and executive employees are also required to promptly disclose all material facts of any actual or potential conflicts of interest that arises during their tenure. In addition, trustees and officers are asked to disclose actual or potential conflicts of interest prior to all meetings of the board of trustees or committees.

FORM 990, PART VI, LINE 15 A & B:

Compensation arrangements for the provost and the director of finance are approved in advance by the board of trustees based up compensation recommendations made by the trust's remuneration committee. In making initial compensation determinations, the remuneration committee obtains appropriate and reliable comparability data regarding remuneration paid by the university of cambridge for senior academic appointments and information concerning compensation levels paid by similar organisations for comparable positions. Final compensation determinations are made by the board of trustees. In making final compensation determinations, the board of trustees contemporaneously documents the basis for the compensation determinations in its meeting minutes, including the comparability data relied upon. No member of the board of trustees or the remuneration committee who has an actual or potential conflict of interest with respect to any compensation determination is permitted to participate in and/or to be present for any vote regarding the compensation determination.

FORM 990, PART VI, LINE 19:

Documents, including the trust deed, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Gates Cambridge Trust
EIN
98-0335263
In Care Of
% DR JADE TRAN
Phone
1223760623
Address
UK

Signing Officer

Name
Dr Jade Tran
Title
Director of Finance
Phone
1223760623
Signed
2025-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Professor Eilis Ferran
Formed
2000
Voting Board Members
10
Independent Board Members
10
Employees
8
Volunteers
0

Preparer

Firm
Bdo USA
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Todd Teresco
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Other changes in the net assets relates to a shift in the exchange rate between gbp (in which the trust's assets are denominated) and the us dollar.

Raw XML AppendixShowing 400 of 648 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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