Overview
What is The Gates Cambridge Trust?
The Gates Cambridge Trust is a UK-based nonprofit organization dedicated to granting scholarships to exceptional students from outside the United Kingdom for pursuing studies at the University of Cambridge. Established with a generous donation of $210 million from the Bill and Melinda Gates Foundation, this international scholarship program aims to cultivate future leaders who possess a strong desire to contribute to society. The Trust, known as Gates Cambridge Scholarships, sponsors students' tuition and university fees. Its operations include the selection and sponsorship of scholars, based on their academic excellence, leadership potential, and commitment to making a positive impact on their communities. The Trust currently employs a team of seven individuals to manage its operations.
Official website here: www.gatescambridge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Gates Cambridge Trust has achieved a high rating of 96% from Charity Navigator, which reflects its strong commitment to accountability and financial health. This score is derived entirely from the Accountability & Finance beacon, showcasing the organization’s transparency in financial practices and governance.
A noteworthy strength of the Trust is its fully independent board, consisting of ten members, which contributes to effective oversight and ethical governance. The organization demonstrates robust financial management with a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its funds is directed toward its educational initiatives.
No significant limitations were identified in the data, as the Trust shows no material diversion of assets and maintains comprehensive policies such as conflict of interest and whistleblower protections. Overall, the Gates Cambridge Trust exemplifies a well-managed nonprofit dedicated to its mission of supporting international postgraduate students at the University of Cambridge.
This AI summary has been generated from information found on Charity Navigator.
Is The Gates Cambridge Trust legitimate?
The Gates Cambridge Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gates Cambridge Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $202,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $301,000
For more financial information, click here
Official website here: www.gatescambridge.org
What is the mission statement of The Gates Cambridge Trust?
The Gates Cambridge Trust operates an international scholarship program, funded by the Bill and Melinda Gates Foundation, enabling outstanding students from outside the UK to study at the University of Cambridge. The mission of the Trust is to provide scholarships and cover university fees for selected students, who demonstrate leadership qualities and a strong desire to contribute to society. The Bill and Melinda Gates Foundation donated $210 million to establish this scholarship program in perpetuity. The Trust's primary focus is on sponsoring academically excellent students who have the potential to make a significant impact on their communities and beyond. These scholars are empowered through their education at Cambridge to become global leaders and drive positive change.
Official website here: www.gatescambridge.org
Who is the CEO of The Gates Cambridge Trust?
Professor Eilis Ferran is the Principal Officer of The Gates Cambridge Trust.
Official website here: www.gatescambridge.org
What is the revenue of The Gates Cambridge Trust?
The Gates Cambridge Trust's revenue in 2022 was $13,824,000.
Official website here: www.gatescambridge.org
Who are the executives of The Gates Cambridge Trust and what are their salaries?
The average compensation at The Gates Cambridge Trust during 2022 was $71,857. There are 7 employees at The Gates Cambridge Trust.
Here are 14 key members and their salaries:
- Compensation: $115,511
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- Compensation: $107,485
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- Compensation: $86,907
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Official website here: www.gatescambridge.org
Where can I find the form 990 for The Gates Cambridge Trust?
The Gates Cambridge Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gatescambridge.org
Learn more at the official website: www.gatescambridge.org
Mission Statement of The Gates Cambridge Trust
The Gates Cambridge Trust, a renowned international scholarship program, was established with a generous donation of $210 million from the Bill and Melinda Gates Foundation. This endowment in perpetuity aims to support outstanding students from outside the UK, who demonstrate exceptional leadership qualities and a strong desire to contribute to society, to pursue higher education at the prestigious University of Cambridge.
The Trust's mission is to empower a diverse group of gifted individuals by funding their scholarships and associated university composition fees. The Bill and Melinda Gates Foundation's vision for this initiative was to create a global network of future leaders who would make a significant impact on their communities and the world at large. The Gates Cambridge Scholars, as they are called, embody the essence of academic excellence, intellectual curiosity, and a commitment to making a difference.
By providing these scholarships, The Gates Cambridge Trust opens doors to a world-class education for students who might otherwise have been unable to afford it. This investment not only benefits the individual scholars, but also enriches the academic community at the University of Cambridge and contributes to the development of a more interconnected and equitable world.
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Impact
October, 2024
The Gates Cambridge Trust significantly impacts global education by providing scholarships to outstanding students from outside the UK, enabling them to pursue their studies at the prestigious University of Cambridge. Funded by a generous $210 million endowment from the Bill and Melinda Gates Foundation, the trust selects scholars who demonstrate exceptional leadership qualities and a commitment to contributing positively to society.
By facilitating access to world-class education, the trust nurtures a diverse cohort of scholars who bring unique perspectives and experiences to the academic community. This international scholarship program not only empowers individuals but also fosters a network of future leaders equipped to address pressing global challenges. The Gates Cambridge Scholars, through their academic endeavors and subsequent contributions, amplify the trust's impact worldwide, encouraging innovation, collaboration, and positive change across various sectors and disciplines.
This information is meant to be a general summary of The Gates Cambridge Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,824,000
- Gross Receipts: $13,824,000
Assets and Liabilities:
- Total Assets: $427,847,000
- Total Liabilities: $15,017,000
- Net Assets: $412,830,000
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Organization Details
Founding Year
2000
Phone
1223760623Principal Officer
Professor Eilis Ferran
Website
www.gatescambridge.orgNTEE Category
Code: Z99 - Unknown
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