The Rhodes Trust

“The organization's Finance Director works in collaboration with the organization's paid tax preparer to complete the Form 990. The final form 990 is reviewed by the Director of Finance and made available to the organization's board of directors for review.”

“The organization's officers, directors and trustees (interested persons) are required to complete conflict of interest disclosure statements on an annual basis. In completing these disclosures, interested persons must disclose any conflicts of interest they have with the organization or make a declaration stating they do not have any conflicts of interest with the organization. The completed disclosure statements are reviewed by the organization's Director of Finance. If a potential or actual conflict of interest is identified, the organization takes the appropriate action to address such conflict.”

“The Rhodes Trust Board of directors reviews and approves the compensation package of the organization's CEO (Warden) and members of the senior management team (other officers and key employees as applicable). The board utilizes comparator data in establishing such compensation packages. The deliberations and decision making regarding the determination of compensation are contemporaneously documented in the minutes of the board meeting.”

“Please see the narrative to Form 990, Part VI, Line 15a.”

“Governing documents and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.”

“(Expenses $ 21,842,208 including grants of $ 5,958,788)(Revenue $ 409,323) During the year, The Rhodes Trust continued its partnership with The Mandela Rhodes Foundation (MRF). MRF provides young leaders from across the continent with a one- to two-year scholarship to study at Universities in South Africa and to participate in a residential leadership development program. The second cohort of 102 Global Winners from 47 countries attended a 2 week residential programme in London and Oxford from 25th July to 8th August 2023. The delegates enjoyed a comprehensive programme of events including 115 guest speakers and expert talks (many of which were given by Rhodes Scholars and representatives of our partner organisations). The event was supported by 70 staff from 17 countries, including 16 Rhodes Scholars. Following a virtual selection process and a candidate final review taking place over 2 days by the Rise Program Joint Committee, the third cohort of 100 Winners from 43 countries was announced on 4" October 2023. Rise received over 14,000 registrations from 154 countries in the initial selection round.”

“During the calendar year the organization had employees worldwide. Of these, 17 are located in the United States. Form 990, Part V, Line 2a has been completed to reflect only those employees that are in the United States and for which respective Forms W-2, Wage and Tax Statement and the related Form W-3, Transmittal of Wage and Tax Statements, were required and filed.”

“As a foreign exempt organization, operating in the United Kingdom, the organization has an interest over a financial account in the United Kingdom. However, in accordance with the instructions to the FinCEN Form 114, Report of Foreign Bank and Financial Account (FBAR), the organization is not a United States person and therefore is not required to file the FinCEN Form 114.”

“Exchange rate - 5491193; Movement in pension liability - 2799075; FX Gain - 37726;”

“(continued from part i) the charitable activities extend to partnerships with other funding bodies for the delivery of collaborative activities with the same global commitment to developing leadership in social change.”

“(continued from part iii) the charitable activities extend to partnerships with other funding bodies for the delivery of collaborative activities with the same global commitment to developing leadership in social change.”