2022-06-30-accounts

Company regi¥irn¢ion nimber. 5711851 Cbarity rqistntioD •umber. 1117431 The University of Chicago Foundation Limited Annual report And finm¢i•l stst¢Tr¢mts for the yuJr¢Hded 30 J••e 2022 'ACthUIPO 2710712023 COMPANIES HOUSE A18

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The UniYer of Chieato Fouodatiott tAmited Contents Strtew¢ DirEttm' rewjrt 1nde￿£llt a￿￿1(0￿s yep)rt s￿￿nellI of financial xli￿lIEs BalarK¢ sheet 13 Siatemtht ofcath flows 14 Notysto the firtartciai JwcrwE5

The UDiverJity of Chicago Found11¢￿ Limlt¢d oiricers nd professional adviserj Dlre¢¢on Mrj R Kroll K Tayl CoopaDy x¢r¢¢•ry Sisec Limittyj 21 HoJb¢qAVlJ￿l ECIA2DY Reglstertd •ln¢¢ 21 Htslborn vi￿￿1 ECIA2DY nker HSBC pk Virlryii Stred Lon&)n EC2N 4TR Audltor RSM UK Awjit LLP 25 Farringdort Street ÉC4A 4AB Charity #Tjmber. 1117431 C¢mpmy nunthEr. 371llS1

Tb¢ U￿Wer$Ity ofchi¢ago FoundtiOD Limited StTat¢gie alld Directon. r¢port The DireaoT5 pyesent their Ic￿n for th¢ yttr Mded JO June 2022 ￿ th¢ Cornpanie5 Act 2(X16 wgetb¢T with th# ?￿j$re￿ for the year, •nd confm th•t the l•u¢r compli¢s with tr rgwirern¢nts of the Act. the Chariti¢¥ lAc￿unt% and Reponsl R¢Ku1Dts(￿ 21111 ￿ the LhritiES su1￿ (F'KS 11>2). R¢fev¢N¢¢ and ¥dmlalstrativ¢ A4fonntlo The Chw (Cornpany Registrwon.. 5711851. Clwily c￿n￿ls￿on R¢Rithli¢)n'. 1117431) 4 sutsidilry of the Unkvrr5iry ofchica80. i[KOrpor￿ in t￿ United Swie5 of ArncTiC4 i¥thich ft￿nded in 1898. The rtKisTed offitc ofih¢ Charity is listed on page I togthr with th¥ purticul¥r5 ufth¥Chuwiiy 5 pTur¥￿￿￿￿n￿l wjvibm. The Charity i5 a eharitable limi￿1 hy irlcfirt￿Xttsl Ilnit&l Kitt8dnM. rÈ8i%tertl in F.n8lAnd and w￿es. Dirtctott #d Cbliity Iriiitrts The Directors are the Chari¢y Trustee5 of the Universiry of (thi(480 F(•￿￿10n Limiwl {Tr Churityry Th¢y ha 411 sttvtd in throuzhout thtytw. &¥C¢F4aS not￿. Mr J R Kroll Ire5iqned 30 June 2023) Ms KTaylor MT M F M MCC(￿ (aFVOinted 01 July 2022) Ms S Marine (resigned 30 June 20221 Nlr I Samsiein lrtsigned IS July 20211 The affairs ofthe Charity by th¢ DLwnJ Tru<￿ ufft¥ yu y¥w 1 ov¥rn¢¢ ofth¢ Chnrity. rntDJtt. govern••ttAnd mw¢4m¢wJt Coverhthf Docmmevi The Charkty is 8ovemed by its M•nor•nthm Arti¢1¢5 of AssrKiation d¢d 16 F¢lxuw 2W6. The University ofchlwo is &nrA)wved to m•k¢ •pp)intmeni OrTr￿e¢S for th¢ Univ¢tsity of Chiw FouvJBtion Limited. For Ihe pciiod (nxn l July 2021 through 30 June 2022, the fdlowing 5ervvJ &%"fnww M5. K Taylor. M S Marinq Mr I Sgmin ar￿ Mr. J R Kro11. 'I'hrou8houi the period K Taylor held thc ofvice Presideni oth1 Gtsxral Coul￿1 at tIK Univcrsity or Chi¢880. Ms. K T&yW$ w3iiion w held tsf ojl legal affairs for the Univetsity provith5 the TWUiSit¢ qualificjtion for & Dire£u)T of the Chality. By rtue of appointy¢nL to this pos¢iioD u the Univcrsity, she w45 4PPQiDt¢d a5 4 tr￿ for the Charity. Through￿1 the period Mr. J R Kroll held th posiuon of Senior Adviw for FillarKe and Admini#Tation it thB UnivcTsity of Chii880. H$8 ¢￿￿11Y in this posiiiw &Yov¢des the Tequisi¢¢ qyJiifKations w b¢ J Dil￿tOr of the Charity. Should any of kn Ditcctots thir wiiim ¥ the Vniersity of ChicaN the that Wsition MvJld take their place as of the Charity ￿ing final •pprOv￿ fr￿￿ th¢ MBiDing ￿ard M£m￿r%. TraiDtng needs ol new "I"rusLets •r¢ 4Wssed 4nd m¢L as n￿eSsIry. Upffi ?PWbinr¢n¢nL each tr￿ce rec¢ives a copy of the UK Charity Comrni55iryJ's publication -The essenti￿ trustee.. what you nEed to know. what you need w do" -Cb4rity R£trtihK a￿A Acwuntin8." The Fthe4Jtials" ￿ 4ttts ￿ follow t1￿. ￿oing training 15 provi¢Je41 &5 r¢l¢vani chanBes are made 10 the eithercharity comm￿10n 8uid8rt<e artd req￿reMeN5 or applicable lezisi3tion. P•ge 2

The Unlverslty of Ckieago Foumdatioo Limited Strategic Dir¢ctorJ' ye￿rt (eomtinied) The Charity 15 rnrycd ty the UnÈversity of Chita80's depknert of Alumni Rel￿1￿￿ and Developm¢nt {-ARD'). The tmployees ettgaged in this mM8e4fLeth are employtts of University of Thi¢4￿, not of the Charity. ARI) tsnployees e responsibk for day.￿dY ex¥we fflwg¥neni and th¢ TnJs¢s ¥r¢ re5ponsiThl¢ foT thc Str￿¢81¢ overslghi orth¢ Charity. API) ufjploy¢e5 51a1sc￿￿rt in ChK•80 Jre respo￿lbIt for th¢ day.tothy affairs of the Ch8rity: I￿ludIng the wocurullu)i of Bc￿$ arKI Servi￿ for th¢ Cherity th¢ n¢goDaiion 4nd of nira¢t& All 4¢UVity is wovtd by ARD finllThciil staff. All wff ttkBA8ed in the ovetsiKhi and ¥p[WV￿ of xii¥ity uliimately re￿rt to M5. S mari￿ Chllrity Dir¢aor 4Ni Vicc Presid¢DI for Alumni Relations and Development at th¢ UniVe￿Ily of Chiwo. lo the 5tnall 5izR and nature oftrK Charity thur is cuyrenily no interrtal tdit Ojnttion. "I'hi8 1$ toThtLnu￿1Y teview and will be upjattd 8CCOTdin8ly ls the Charity 8rowx While rto spttific inmaJ audit exis￿ there is segrtKauon of duties th help r•Juce finaTKiai risk to the Fowida¢ion. Ctrrcnily, all a¢¢thJntifig for the Fothmlatiott is h4￿J1￿j ty the ijntvtrriiy's ARI) offLce while si8nin8 autbority for payments 15 the wsibility of the Univetsity's cett¢rni Financial Setyices deP&￿enl The iftdividuals who approve poym¢nts and have bank a￿tyJnt privileges are rvx the s￿¢ ijxlividuais who rtqU¢SE the yment4 mowtor monthly ¥iivity 4nd man•g¢ the bgnk Addiiionaily. th¢ ch￿ILY cnKage5 a consu]tant the UK to xt as a Charity administrw. Thts thinistrator is a point of contaci on thE gr￿ in t￿ndOn and an ¥Jvi8or in matters Telated to ald.TrI￿t￿1Onal fjivinE Europe ¥tKI otkn like matteTS. Riyk Jpwfvo8e4Y•t The Directors have rrviewrd the major risks Eo whith tk CIMrity is tx¥ose4 in coftjmion with the overatl annual ttview of Ihe risks and unr¢rtwnti￿ of the Univcrsity of Chicago. Directors are wnr¢nL wIth th¢ PTocaure5 th&t ve e5tablisld to mitigate tIKbse ri& ThE foilDwinB risks x¢ mxAgul by the UJ¥ity: Ewnomi¢ hEo¢th o[pr¢)S￿CL pool Univerrity of Chiwo Fo¥￿1(￿¢•￿1nUtS w t¢view%d % • wxrfthwhiie forphilthTOPiC 5VPPOrt Ftrogram5 initssves SUPE￿¢d by the FoUn￿10n wtmain erficitig ¢odonots The Fothtduion. th￿¥h thc Umiversbty of Chwo. is contithualfy idetttifying LW wospe£ts for solicilatiort. This is done ITh pArt thrw8h ￿tenSIVe rese4￿h eifort> Addiuonally. 4$ more sfvdents matrI￿￿t ¢0 8raduate from the University of Chiugo, rw in the WBY of xudEnts afvj F￿1& Id￿lIf)ed. The pool 15 a group of rK05pecriv¢ donor5 that i$ constan￿Y ¢hanging PTQ5P¢CLS are klu)tifi¢4 4nd rrthed the pool and ¢urr¢nt Jxospects Dre rcryaluat¢d for th¢ir 4biltry willLfi2l￿5 EQ gJv¢ •n4 kH in th¢ pwl or Trovryi out of it ¥cwdingly. A close relationship with tt￿ Uttivetsity efiwre5 that the (1)J￿i¥¢$ of Iht FO￿datiOn will ￿lti￿￿e to b ewtd 18 a worthwhile ￿rne for ph1laThthrop￿ SUP￿ atKI progrns a￿1 intliatiVCS SUPPDrted by the FouTrJat&on remwn en¢icin8 ¢0 thxo]x The JEi￿lOnShip ￿twe£ll the Univws¢ty atbj the Foundation is critical for the Faundation th m￿age Ihe ris Id￿tir1ed atthe. As I(￿8 as Fow)dation and Unive45ity objec¢ives [em￿ll ali8ned. the risks id¢nwfi¢d abov¢ will b¢ minimiz¢d the philaniPffopii inw¥csts of the prosjxu pwl ￿11 align the oals oFth£ Cknrity. gbl¢¢tiv¢s •od 4¢tlvllks Chvknble objetth The Univerry of thirago pro￿deS pro8rnms ￿ xii¥ities th offer a rich and divene edu¢Atiord envirnmjent for tts 51udenis 10 pioneer reseatth that pusl% the Ix)undatits of cur[t￿ kntwledge. A L￿tiCal ekment of thi$ activity 15 the necessary funding. The wimary objttrive of the Cltty ty to fvÈn¢* edu4tion. in w11￿LIar by Providing gran¢s ￿ the University of Chicago io Lthr ed￿8¢ Jnd EThdowThen towards specifie purposes {i.e. fitnEia] aid, KhoJatshÉps. lwDfe￿1ShlpS Aj￿ re3earch). This putpose dire£tly ontribur¢s to the iymefii of gi¥in8 an educatiortto the wbli

The Uniyenity of Cbiwo F￿ndatIOn Limlted Siralegie Dire¢tor4' report (tontinued) The main objectives of th¢ Chavity for the yur ended 30 JuThe20f2 wrT¢.' To suppon ihe ￿blIC benefli initiative5 ofthe UTh1￿ty of Chic To raise fvnd5 for * Uoi¥usity of Chi¢•go ￿ ftwth¢r •dvthJc¢ tlK ￿lIty10n pwcerams atwj aaivilie5 •v4ilabl¢ to th¢ public UK To otTer UK citizeThs an a¥¢￿£ for givin8 with Fet5oDal ￿￿￿'fits To kcep UK Alumni Conr￿ wthe Univusity ofchiwo th a me￿Ingful w8y Ensfft that donor5 arc awarc of the Ixnefils of 8ivin8 through ttK Charity", benefits such as Gift Aid and Id¥-effi¢ieni giving from other pts of Europe. Stsy Conne￿ed with UniveJ5ity •Jwrtni and frientLs to £[ university gtyj mi55iM Brt clearly ¢onv¢y¢d LQ these 8row. Id¢Nify -1￿. alwnni and 10 lip increas¢ n¢twth of potential suppytty5 olthe Charity and the University. The University of Chi ikn¥iotvs by the Ch•rity during thi5 fixal pcriod totalkd £854,286 (2￿1.. £2,968,56S). Charitsbl¥ M￿Y¢lY iti a given y¢er LS ditt£tly reLryted to l]J¢ fU￿￿L51n& prouess in that given year. As a resuli. fl￿W¢on in the I￿1 of charii•ble a￿[vILY can be expwcd fimthAisinK fltsc(u•ks. )ritthl¢ ¥tivili¢5 in FY22 wer¢ Split am[X￿ th followi￿ writt¢D rewJuti(Mts as ddailed belov. l. Endowrd Scholar5hip5- College: 53.121 2. Indowtd ￿OlarshIpS-(￿hCr. £174.138 3. 108Tnmati¢ Supwi.. 4. Annu￿ Fund Supt¥ffi". £421,731 £5.296 Pa8e4

Tkne University of Chiwo Fo•ttdAtiM IAmlted Strlw #•d Dlrertor8' r¢w)rt (¢ootlJll¢d) Reserve poliry The Charity s prirn¥y obj¢dsVe 15 to colle£t aThl trj tht Un￿￿$￿ty of Chicw and ￿ other educationd in5WWtiThJs. In considering the irget i¢scrves to be tLeld by the Charity. the TtlJStees recognize that admini51r&tive otrrnti(xd costs are nminai ￿ lat¥ely non ¢ontrx¢ual a￿] the Charity dtt5 no¢ 5c¢k to r￿dS for growth or firture proje¢LL Thty have thrnbined that reseryes sknild b¢ minim¥J at w ￿TILKI ¢n only reflectlng A $h(xt temi ¢imithg differe￿e teiweth of irKom¢ a￿1 paym￿¢ of o gr￿1 ato 10 rn4iTrtyin adequate fu#ds to cover rM)minal knthual ex￿ At 30Jurt 2022 the Chwity a swplus of £628.938 (2021.. £798,301188ainsr reseThes. The total •noth)t OF fi￿¥1% held by th¢ thrity on 30 Jun¢ 2022 ￿ h¢ld os r¢striri¢d filnth £610.404 {2ff21A796.880} and £18.534 (2021th1,421). The Charity gJPPDrted in its day4tsday obliwions through its p•reni wmp•ny. ts UDivusity of Chirw. Th¢ Univusiiy h&5 corntnitt￿ to rAoviding SUFvon to th¢ Cl4rity w ¢n/bk ii ￿ meu its shorn ￿)ImentS a5 they fail due. Future plans Fuwrc plans incltyje ¢￿Ill￿1ng to"provide art avenue fcrf giving from the UK across Europ¢ w suprffl the prosrams ano aciiyiiies of Ihe University of Chi¢ago. To do this thc Charity. wj cocrnion with the University of ch￿980 will host alwnni srthi even(% to ¢ncow engJgrm¢ni Trrrith th¢ University. I'ks¢ ev¢nts wll include atmu¥ r¢c¢piions for new 1¢oJrES and prtvllt¢ dinn￿ with kry pr05pert%. P#bUt benefit We have referred 10 the 8uld￿e ¢onttined ift the Ciynmissim's 8Mern] on public b¢nEfii wh¢n reviewing our Aims and objectivu and ITh piaftnu￿ our firture ¢)bjectiVC5. In partbcular. the 'fr￿e¢S ¢4)nsider how pl￿ned aaiviliej will unlribuLe to the aims aThJ objectives tky have set. Conrinuin8 to SUPPOrt the iniliatives laid oul in the Charity'$ written Te5tr1utiiKL5. including granling scholar5hip4 gtanling professornhips and offerlng thr areas of fIn￿lI1 suwort to hi8her tyJu¢auon irtstiruuoLK i8 COthDIIUUW lo support the public bettefii ofadvancement of education. These funds will provide both ftsrm￿ ed￿&110￿ as ￿11 8$ tear¢h whith add to the coll¢ctiv¢ knowled8e ¥nd undvsthnding of specific aTe4s ofstr￿. Distlosutt ofiThformiioA to MditDr Thc Direttors who held offsce at the date of ¥￿Val of Dirtrtots, Rwrt confinn thal so far os they afe tach aware, there is no relevant a￿111 inforrnion of whith the Charitable eompany's audiior is LThWW. and cach DiTecior has iakert the steps that Ihey tyJghi 10 have thken as a Director to Thake themselves of any releYanL it infornation 4nd ro e#•bli5h that the Chuithbk comF•ny's isawue of inf0mi￿10n. P•¢e 5

The Unlverslty of Chicago Found41ioD Lamiled S¢rAtegie and Dlrtttors, re￿rt (¢o•ti•wd) Stt¢Mt of Dlrtttors, respollsibilities IN re4￿ of the Trustees, repDrtJd tbt fill•neil stxttmtttts ThB DiT¢CtoJs art TesponSLble fw p￿￿1r% the Annual arnl thE Ht#Th¢nL% in XrLnrdart¢ wjth Iic4ble law •TrJ regu18¢i￿ CoMp￿Y l•w requir¢s the Direc￿rS ￿ Wep•￿ financ￿] Mcmcnts foT e￿￿ financ$￿ ye•r. Under thai lawthey hve w¢ rtwir¢d to prepsTe the rin•rKh￿ in wth Unitrd Kingdorn SwdArd5 4nd applic4ble (United King&)rD Genaally Awed Acayjnting Pr￿l(¢1 iThEIL¥thtbg FRS 102 'ThE Finorycral Repor1{￿8st0thdUpP11CQble In Ihe UK and+tepMbltc rflpElantr. Llrtder tompany Lgw the mi& rK)i •ppm¥e th finAne1￿ ￿H￿ett￿ IW att 4tisfI￿ thAL they give a w¢ and lair vicw ol Ehe st trl"atlairs ol. th¢ L1witabk ¢omwny and of tk eA¢e59 0( income over exp&wliiwe for that pers￿. ID prtwingthese fInanCi￿ Slat￿en￿ th¢yiTe¢tors are ¥equired th.. Select suitable account￿& pilicic% and apply thcm um5iy¢NIy make judz¢m¢nts aTrJ ￿lma￿S that w¢ rt1xrf￿bk atml Bsses5 th¢ Choritxble £cffjpafty's thility to rontsr4JE &5 a going wrKrm. di￿1(61n& ￿ •ppliciN¢, mdl¥s to concern.. and the ￿1￿& tortctrn basis of lmltss thy ¢itlKr intr￿1 to liquiddc the Ch&Titabl¢ ￿￿p￿Y or to eEa5e OPeTations or have tbD tealisric ajtrrnarive 10 dos0. Th¢ Dir#tor$ are t￿￿]ble fw keEping adequa xcoutiting reco￿$ that are 5ufficnt to show and explain thc aritsble ¢L￿panY'S ir5[￿cti(￿s and dis¢lose wtth rt4sotRble acvjracy ar ￿Y lime the financial w$ilion of the Charitabl¢ cOmp￿Y and enable them to t￿￿E that the finan¢ial ￿em¢n￿ Comply with the Com￿￿1¢S Acr 2006. Th¢y 4r¢ ￿pOnS71 >le for s￿h inicrnai CODrrol a% they dermin¢ is n¢re&wy to e￿ble the prep8rntion of financial stiiernents Iha¢ art frte from Materi￿ mis5thtrnrtni due w fra￿ or error. and have 8eneral res￿5]bIlity for taking swh sws as art reasonably open to sfegu•NI the ￿sets of the ch￿l￿ble compw io prev￿1 and d¢t%i fr4ud and LhtY irrtgulariii¢ The Direrfo￿ 15 rt4ytsible for th¢ mainThanc¢ aDd integrity of the Corwr￿ and fin￿l￿ infornyation in¢ludEd on the Charitablr c(xnp3ny's Lrgi51wion in th¢ UK &OVErning thE pr¢pJrniion dis5win?tion of fintyial 5tst¢menLs w differ trom Icgi51ion in oilxr Juli￿1￿110￿5. uditor of Ihe petsons wkn 15 a thTtctor It t￿ d of of this rtwiconfirnis th8t.' 30 far Bs the Diye¢tor is awr4 tkn is N+reltrgnt audit intthmioA of whith Ckntsble ¢ompry's auditor is unaway¢" the DirL%¢or has thken all the s*p$ ihai OD8hi ￿ have taken as a Direaor in ordu to tnake hEmselfrht￿C1f Swart of ony rcjcvartt 8￿j11 in(Crfma¢l￿ and w uublish ¢hat Charitsbbe Cthnkxny's auditor is aware of th infonnB¢ion. Py6

The Univtrjity of Chleto Folld*tio• Limited StrAt¢ti¢ and Dirt¢tor8' report {¢thitioued) Audilor{cryi¢lD¥rf) This c0nfinn4tsl￿ giveTh and Should be intcrpth in wi¢h the povisions of Section 418 of the CompBnic5 ACE 200 Kim Taylor Director Univetsity oCChi40 Fthjttdatim Limited Lffldon ECIA2DY P•g¢ 7

The UnlY¢r4ity of Chicago FouDd•tioD Limited 1mdeptttde￿t alldStor'$ r¢p)rt to the members of The UniveT5ity of Chicago FouDd#tioR Limited We have audited the financial sratemcnts of The Universily of Chi¢a80 Limited {the '¢haritable comwLy'I for the year erKkd 30 June 2022 wli¢h inclth the S¢atcment of Finan¢ial Adivities. the Balance Shttt. the CL8h Flow Statement and notes to the financil #aM￿r& irtluding significant a¢cr￿n￿ng policies. The finaJKiai yepoETin8 framework has been applied in their weFornion 1$ appli¢abl¢ law Unitcd Kingdom Accoun¢in8 S¥¥ndwd4 iKludin8 FRS 102 Tr fiNri￿ Rcporrujg Sthndprd 8pplKabl¢ in th¢ VK and Il¢p￿blIC of IrelaDd'{unit￿ knngdom Gent￿lY Acctpi¢d Accouniing Pr&uic¢). In opiniM the financ￿1 sthtem￿. gi￿ a Md falr vi¢w of th¢ srw¢ of th¢ ¢hAritabk c(rfnpThy's aff•1￿ * •t 30 ￿ne 21)22 of its intomin8 r¢sOWffS"3nd applicati4)n of r¢sourw its iwe s[￿expendi1UT4 for thE year then ended. have been proF¢rly WeF￿ed ITh ￿cold￿￿1th UDiwJ Kingtkn fj¥w411y Agxpted A￿￿￿11[ Prx¢i¢¢" ohd We conducied our wjdit irj acwrd¥nce with Irrtemwonal Sr•ndwd5 1)n AuditinE IUKI {ISAs (UK)) 4Dd applic4bl law. Owt re$F#￿sibilitI¢S undcr are fuither descriw kll the Audio￿$ tE5tx)n5ibililies for the audit of th¢ financi￿ slat￿£￿15 section of our W We &tE indyrtht of tt￿ charitsble tomwy in ccordanct the ethital requirements thai aTe relevant to our awlit of the fin•Kial tn the UK. In¢￿dIng thc FRC'S Eihical Stattdard 8nd have [￿rilla trjr otkn dhiui reSp￿ibIlI11es in o¢mrdoTrct with thes¢ requirtmcni> We belie thalthe aL¥th'¢ evidrnc¢ we have obthin¢d is 5yffi¢i¢N and wropri¥¢ w providE ¥ b•5is f(w our opini¢m. C•lltluslon$ r¢lAiin8 to 8oiA8 ¢on¢er• In Ldilin8 th¢ firwial the tnJsKes' •J5e of ￿ 80in8 eon¢¢rn t•sis of acc(vJntin8 in the pre￿10￿ ofthe fit￿￿al is •pprowa ￿￿ed on the 14•xk ￿ trthe Frformtd. t4t hove noi idcniificd Iny matrriaj ￿¢¢￿in11¢S fclNiing to vcnrs or diiions ih&. Individu￿ly or Mlle¢rivdy. may cam 5iznifLcaThi ¢knkbt on d charitabl¢ tompany's abilily 10 ¢C411inu¢ w 4 80in8 crmc¢rn fry of * le¥L twelv¢ motth frm whe4J thE fjn•nciai 51atcments are author￿ for issu¢ Ow rcswrLsibilili¢5 ond th¢ r¢5pxsikn"kntiu of UYtruxtt¥ with togOi￿￿rvrn arr4wri￿ in tht relev8ttf sectio￿$ of ihi5 r¢rAm. Othtr ittformtlon The other infomiation comprises inform￿lOn incluthd in licpon other than thE financial #atements and our audiwr'j f¢p)rt tkTeon. Th¢ W5L￿5 f¢spDnsibl¢ for the oth¢r inf(Thation contsined Y￿thin the Anrtu R¢porL (￿r opinion on th¢ fJn3nrial sraternents does covtr the other iThfomation exeepi 10 the extent rwiS¢ wlicir]y wr r¢m wt do rtot expTess any form of a$￿aTh￿ ConclusiL￿ thueon. P•8e 8

The Univernlty of Chkyo Limittd Indepe#dent auditor'$ r¢pDrt to th¢ m¢mb¢rs of The Unlversity of Cbicago Foundadon Limltfd {CODtinued) (kn reJprffl5ibiliry 15 to T¢ad th¢ Ixhu infrymiw and in doing go, ¢(￿IdEr the other information 1$ mattrtally inwrn5i5t¢N with th¢ 5ty1¢mML5 or our kwwicdg¢ Lwn¢4t in r4wr5¢ of th¢ dudit or theMsE app¢Brn to bc materially mi&slated. If idcntify gKh materia] inconsistenues or apparcnt rnatcrial mi%8tsrements. wt are rquired to dErennine wJJEther thi5 KIVW ri5¢ to a m4Laiai iD the fIr￿n¢1 sta¢ements themselves. If. b8sed on the wjrk have performrt ¢on¢lude there is a material mismemeni of this informauon. ￿ are required to reFthtthat Wehave rt0thll￿ to report irt ￿Z￿rd. Opitiioths •thr ￿tter$ PTtstribed by tht Cothpllits Ad 21M)6 In our opiwot4 on the w(xk wJdertEkett in the C4)ur5e olthc a￿lIt.. the Inf￿at1¢)n 8ivcn in the Dirnor5' R¢poo whid) indud¢5 th¢ Dir¢¢¢w5' Report aThJ th¢ Swat¢gJ"c R¢p)rt pre￿￿1 for the purpos¢s of romr•ny knw, fw th¢ fin¥Ki•l yw for whith thr fin¥%4￿ sljtcmc￿ •rc prwBrcd is consistert( with the fi￿anti￿ Stattrn￿ts' and the Dircclorn. Rwrt th¢ StrRiC T￿in th¢ Dir￿￿15. Report ha￿ b¢cTh ￿pared in accordance with applicable legal rrquiremert Matt¢TY On T4hicb Ive #re required to report by ex¢¢p¢i In the light of the kTh)wled8e 2nd of the ¢harttsNe company its envirnmeni obwned in the coutse of ihe audiL we have not identified m/teEiai miS5Eaffl¢n￿ in the Dir¢aors' Rwrt ljr the Strategic Rcport In¢l￿Aed within the DIrectD￿ Rep)rt. We have nothing to r¢pon in r¢sp¢aof the followin8 mters whue theComwie5 A¢1 2(￿6 Tequire5 US tolek￿ you if, itt ow otxnl￿'. adequate accthAnlirtR re¢Èrt% h4V¢ t¢¢n W or th4u• wr •udii kne not been rtteived from b1￿CheS not visited by ￿- or e¢ftain di5clo5urEs of tnL5tces' S￿lf1￿ by law ore mJe: or we have not re¢eiv¢d 411 the infonn¥ion and rXptsTr￿1Ons ￿ rtqUiTe for our tyJiL RuponJibilltlu •f ¢ywt¢ As ¢xplwn¢d more fvlly in thc Sth¢¢m￿L of re4xwibilities stl PJE¢ 6. thr tru¢ts Iwts) 4Js0 the ¢hre￿or5 of thr thariwbl¢ company for the of company Isw) are rewsible for the prEpararion of the fi]wial 5tat¢rn¢nts and for b¢in8 wisr￿d they w¥e a and hiT view. and for 5udi internal control a5 the tr￿￿e8 deterniine ner£sswy to enable the preparati￿ of fina￿la[ Ststrments ¥e free frorn m8teri mi55thremeNL wtLtthu due to frttLKi orcThor. In Fxcparing th¢ 5tun¢nw the D￿e￿Or$ ¥e restxtsible for wes%JnK thE dJtritsb12 ¢(Knpany'$ •bility 10 Cotltinue ¥ a going ¢orK¢rn, di￿10$1n& &$ appli(able. relattd to going concern and ￿sing the 8oÈng ci)nccrn basis of *COUThEiThR w)1￿ th¢ ￿Slee$ eithw irtl￿d to liquidate the clwttsble compw or to c￿e operation4 or have noredistic ￿ter￿live todo 50.

Th¢ Univeralty of Chicago Fo•ndatiOD IATrited Independent audilor'j Tep)rt to the m¢Jnb¢TS of The University of chi￿gO Fo￿NdtIOn Limited (¢otttin•ed) AJltor's ￿4￿sIbIlI￿O for Ib¢ •MOit of tht st•¢eThents (hr obje¢ri¥es are ￿ otrA8in tewnable wJrKe th¢ fin￿la7 aements os • Ithole are free from m•tuial misv¥n¢nk wthether due 10 fra￿ or err￿. aThl w Is￿ SD A￿11￿)r'S report ihlt includes 4)ur opini¢)n. Re￿nable aSVX¥Ke is a hith level of ￿ura￿A Ixrt 15 a guardntee that an ￿111 w￿￿¢1￿] irt accordance with ISAI {UK} will al%vavs dts￿￿t tt Ma￿1￿ misAknenl it txists. MisstatC4nents ￿se fvom fr￿d or Cftor and •xe considered marial it., iTrJiVid￿ify or in the aggrega￿ they could Ye85c¢wbty be expecred to intlutnc¢ Ihe ¢corLornic &cistonsnfiLEets rRkeTr the I￿LS r9fth￿e fivancia] The exthnl towhkk the co•sidtr¢d t•pJblt of dettt¢i•K w¥eplthtit& intludillg frnud IrrcBularities atc insrance5 of Mrt-¢ompliance wth law5 and Tegulati￿& The objeciivc5 of our audit are to obtain suffitheni 8PPTwate I￿11¢ evidM¢£ Nx•r(ling com￿1￿￿t. wiih And rtgiiliinrt% that hAve A diyect effttt the dt¢eTh¢n•tion of inat¥ial am¢NJnt5 aThl di￿10$ur¢S ￿ th¢ sw¢tr￿lI to Frfomi gudil procedures io help ¢ntify instanc¢s of Th)nacompliance with other laws aThd re8uiations m•y knv¢ a tThat¢rid effLYt on tr finwKiai ststtmenis. to Tespond ipprowiatrly to idthtifityj or sUsp￿d TbOTrvcompliarte laws aTrJ regulations ¢deniif¢ed dwin8 the authL In relaiion to fr¥ud, th¢ Obi￿tIV¢S of our ¢0 identify thE risk ot. m¢rial mi5yatement ot'th¢ fin￿￿19] 5ratements to ftaud. io oiAain s]fFi¢i¢N apsx¢wriatr avdii evidentt r¢gardin2 ihe t<se55cd risk5 of Materi￿ missratement due th frnvj thwv8h dtsigtiittg respjrbsts and to respond owropria¢ly to haud or SUS￿￿￿ Iraud idtsiified durihg the audiL However, ¢1 is the primary Ttspc4k5ibility of manwn￿l with the o¥usigM of ￿xt ¢hW with 8oveman¢e, to we that fv •niity'% ynlinrL% xrr. rjbndithd in accfirdw￿ with the ￿V1￿1n￿A Thf laws llnd Tcgulatiows And for the prevenii(xJ nd detcclion orrJau In identifying and riths of miaJ mis5tstalltt ih res￿( of iryuiarilic4 includihg fixl, the audit entaeemeni tr4m'. obtained an understandin8 of th wute ol th sedor. irflwJiD8 the le8al artd reBulaiory framcwork thc ctiaritable comwiy OFmtC5 in 4TrJ kn the ¢haritsbl¢ ¢ompmy is ￿pIY]￿l with the aTrJ regu]a rrdm¢w(rt' ijwuir¢d of managemenL arnl those ch¥g¢d with goV¢mw￿¢. their own idenufir4tion pnd 455essment of thr riJk5 of iffvgulariti¢4 includiDK any F￿￿￿. or allyd ityanc¢5 of frz]J¢" disa1s￿ mas¢crs about nOn￿p11￿t with I•w5 4NI TegulatiiNJs )d how fT4JJd migh¢ t￿lUding aS5Ls•nent of knw Bnd whue finanoal siaternents may be 5wiblc to frawL As a result ofthcse ￿￿edUr￿￿e Co￿lderthe si8nifi¢ant laws arml r￿UlatiO1￿ direct on the financial 5taternentJ uc FRS 102. Charities SORP IFRS 102). ComF￿1eS Act 21Kkn, and the Chwities Aci 201 l. We rformed ￿dit pr(eduyes nonrfompliancts whith may hK # mtiterid imF4th on the finan¢iaJ statements which r¢viewing th¢ financia] 3tsltsn￿ts wlLhlin8 Trustces. ￿tF￿rt. rtmwnine akrt to new or unusuAI anwljow whith not bE in a[C(￿dance &ov￿)ng dOcumtn￿ InSp￿ting ¢(ryondth¢¢ with li athriues and evaluating &lvice wived from inrnaVeKternaJ &h"is W¢ did rtot id¢nlify any si8nifitani Laws arml rEBUI￿ havc ￿ i[￿lired imw on th¢ fit￿78] stamen Pa8e io

Tb¢ Unlversity of chi￿%0 FoulldalioD Limit Ind¢peDdeDt auditor's report to the meJDlxr5 or The UniverBIty of Chieeo FoudAtioti Limlted (eoatinued) The audit en888cment Itam idert1if￿ th risk of M￿l8￿￿ent oveftkde of Controls & income rwition as the art4s whwe the financial statunents wtre m¢)st SUS¢Wibte to ￿￿ella1 Misstatemtt￿ due ￿ fraud. Audii procedures perfcrn¢d included bu¢ were noi limited ￿ ies¢ing Jownal tntsics afyj ¢xhtr JjugttnMts. ¢v￿U811￿B the bu5in¢5s fdiional¢ in r¢l•rion ro signific4nL transxuoos aThJ tr8ZLWtic￿s ￿[ed into outsxde the nornlal Xsrse of b￿sIneSS rEviewin8 th¢ I￿￿￿￿)ng of volun¢ary irtm¢ to ¢051￿ thllt (kJn#tiorks were rewi7A in line with the SORP criteriL A further descriyion of our Teswnsibilities fLY the JJii of the fiEMrtiaJ is ]￿ted ￿ thE Fir￿ncID1 Rewting CouKil's wybsite at hI¢p".Ih￿.fraQ￿[￿JW>JityY¢5￿￿$ibilIlte& This dexripiion fms psrt of wr auditfjr's report. Use of our rtport This repDrt 15 rnade solEly to the chwirabk ¢￿￿Y'S membu4 •5 J body. with Ch•w¢r 3 of P•rt 16 of Conpani¢$ Ad 2(X)6. (h]r awlii work hos b¢M und¢rtak¢n fftighl ststc to th¢ thdrithble cwp3ny's m￿￿18 those matters we are rty4uired to to th¢tD in an a￿Li[0r.5 r¢rffl Jod forno QEherpurtrf>se. To th¢ full¢ extent pemiitted by law. we do rM)t accept or tssume resrffjThsibilily to anyott 0[￿ thc Chan￿ble cornpany and th¢chditsbJe¢rAnWy'S memtw &8&trN>ay. for atsjit fly thi% OT for lheopl￿fj￿ have formed. 115*4 LLP Nitknl&% Sl&ld¢n (S¢nior Audiw) For atsj on be￿f ofRSM UK Audii LLP. Chtrttred Accountsnts 25 Farringdoth Sueei Loodon 4A 4AB 27 July2023

Ststemtllt of fw•¢i￿•¢t1VlfvUfvjrtbEY¢1reudth1JDhFjtryJz1 T1 451M5 370J17 2.451719 4$4 730.915 117161 IlJ222 117.IWJ 3%.023 3.011926 2$9.L4 11476 (16> 42.6 PDOrF¢r￿￿JPty￿L 219 V8219 Iv 610.41 Mjoi 12

The U4iver81ty ofchi¢ago Fo•ndtioA IAmited IRegis¢ration number: 5711851) BalDet 8ht¢t ￿ •t 30 J•ne 2022 r¢5tsted) 2021 2022 . Not¢ CurrtDt ￿Sets Debthrs Ctsth at blnk Ind in haThJ 419.961 246.777 818.849 11,950 Total aJyely 666.738 830.809 Cnditpr¥: aTrtyyDls falli￿ withth o•e year 37.7(X) 32,408 629.038 798.401 The funds •f¢bt Ch•rtty Unrestriaa fut Restritted fijrtds 18.534 610.404 1,421 796,880 io 629.038 798,401 Totsl f¥nds 629.038 For deiarls Ofre$ithen￿mls io lhrprtty￿aW. refrr fo nc4e IS. The n01¢5 on pages 15 ro 29 forn) rrt of financi￿ The f￿￿CIal st8rtments of The Uthivttsity of Fo￿d￿l •pprov¢d by the Bc4rd of Dir¢￿ ¥J autknrbxed for ort , mittyj (regrstcred number.. 5711851) Si8n¢d ry) behalf of Board ofDireciotsby: Kim Taylor Director P4e 13

Th¢ University of Chi¢ago FOuDd•tI￿ L4mit¢d Statemetht of cash flows for the y¢#r thded 30 Jllttt 2022 2022 2021 N•¢¢ Cisb prtvidtd byl(4s¢dl h op¢r•tinE ￿11¥1¢ 234.816 Interest rtrKived N¢t eA5h Ilows frmn investing xtiwitlu VllereMsEIIDccreMy¢l £4¥h 234.817 {84.137) Co5h and equivdettTS at the inning of thc y 11.9 Totsl cuh lid tssh qut¥lethts #t the end of th¢ y¢•r 246,777 R¢cobtlllAtlo• ¢oeAsh at Dd kl h*Ad= Cash at bknk 8ThJ Sho￿ in the Clwiiys bal•nx4Kd 246.777 11.960

The UnlverJity of Chlwo Foud¢loA Limlted Noteg to tbt fimDcial statemellts For tbe ye4r ¢nd¢d 30 Jnt 21n2 Celtral ltsforrntl•tt AAd basts of Itthlltiti The followitiK wutyung poli¢tes hv¢ ltTh wlityj c(ryithtty in dtsiitig with items whKh are considered m￿trial in relion to th¢ finan¢iai ofprnparti The firn¢ial stattruemj h•ve been the h￿torIC t(xt b&81$ of in with Axouniing and Rep)rtin8 by Charilies.. Swement of Rec(thmended Pr&xi¢e applieable ro £hariii¢s preparing their financial %8¢ements in ¥¢COTdanc¢ with the Financial R¢p)rttDg Stsndud 8pplic4bte in UK ps¢d R¢publ¢c of IT¢land IFRS 102) leffecEiV¢ l janu￿ 20191- {Ch8riU¢Y So1￿ (FRS I￿2)). thc Firtancilll R¢porting Stwthrd applicable in Ihe UK atMI Republic oCIteland (FRS 1021 the coM￿leS Act 2(1)6. The fvncuon8] curren¢y of The University of Chiw F￿￿d￿L0￿ Limid is thisidered Meding b¢¢wsc that is the ctrncy of th¢ e¢Lwmic evircffjm¢M ith wh¢ch Chrity OF￿¢¢5. Cohjg co•r¢rn ma[￿eMent ha5 Teviewed th¢ ush f¢xe(asLS ¢hYough fi$￿ yw 2024 (r$st￿ year endin8 30, 20241 whith indicate that Th¢ UniveTsity of Chicago Founthrion Ltmitsj (the Ch¥ityl viill knve ￿ffici￿r to contintt as going ¢oncem. The Charity is maDagcd by entploY￿S of The University of pareni coM￿ny1 and h&8 ne81i8Jble fixed costs. The fixed costs of the Charity incltsde ytly fees f￿ audii axl x<ounincy serwices. Thc payeni COM￿NY is tommirted ts) Win8 th Charity in meding lTh¢ TN5te¢s mawrnt bav¢ also ¢(￿sIdered th¢ impl1¢wi¢￿ of COV1[￿19 Bwii ￿ thcs¢ fwEGa5r5 Ind do h8v¢ any ¥utffjtantial orygnifiwK thubr5 fERaTding the Chxiry's abillty to wirinuE •5 4 goinR tontem for a p￿l0￿ of at i￿¢ i2 mffith5 from Ihe approval of the xcounE5. (￿Je¢lIV￿of & Clwity. P¥¢ 15

The U•iv¢r8ity of Chicto Fo¥Ddtion Limlted Not& to the fingDci81 stAtements For th¢ year ended 30 2022 (eoitin•ed) l Au•Mtttlth8 p•Jkles (eontl•lled) Prlor ptTiod reslAtemeDts Th¢ comparative to tIKX finarti￿ Jthtcm¢Jts th to th ¢knE¢ in th ￿lIng tr￿ment of i￿)rne reco8nition. 'Iht in¢rea￿l¢Jter¢8$t) w the line of tk prr5eNed fir￿nClU[ 5tswnenL% Is wmrn8ri%d PKlow and rtsad dth¢lr4J in 15. RtlatiDg t Reliitl Reknfijg to pritsr ptriods th¢ ¢urreo¢ tht prbor b¢tor¢ the PEriod rlod prlor ptritid disc105ed in di%thMtd di5tlostd i Stattmemts stAtrments 5¢•¢emuts In¢om¢ {] 1• (21 796.157 7￿.15? 908.?19 8.219 A¢￿d irtc•m¢ Rtslri¢cd of the Clknty The Fourtda¢ion previously recwid donatir•5 base4 on bNsis for èil typesofdonation> The Dirfmrs have reviewed tiK rcwirmcnu of rRs I￿ th¢ Choritits SOFiP ond idcntifked donatiorkn thould bE recobmised on an accr￿1$ b￿15 whert there 15 tt future Comm1kne￿ OT pledge by a domr th thc f11)e￿Id swemmts have bg¢n Income is recogniwi in accordan￿ with the ¢co8ttitilth criteria of the Charytses IAccLXthts attd Reports) ReE¢JgEi(sN 2011 aTrJ thE Chari¢Ks SORP (FRS 102) when uYiil¢ment i$a55Urt th¢tr is wobabili¢y of Jectipi, and Ivln tht #motsnl ¢8n ￿ rtliabty medsuved. Pwlfj

The UnSvtr91ty ofchieto Fouod#tioA lamlted Notes to the finucial gtaleJn¢ttts For ibe year ended 30 Jwme 2022 (contitsmed) EApendhwe Expenditwe is a￿o¥n(¢d foron • ￿MMI￿rI￿ bdsi& Ov¢rh¢¥Js othcrc05ts nol diTealy attrit￿table to particullr fvn¢ilon￿ •cttvity co￿￿¢% apportioned ovcr thc rrJcvaN ¢atW¢S th¢ bnsis of mand8ttn￿t ¢stin￿￿ or the amount aErributsble to that aciivity in the year. eirhcf by ref¢r￿ce EO $Tafftime or 5pxe or¢upi￿, as apropr￿. The irrecovernble element of VAT is included with item of exr￿)se to Wh￿ li trlalcs. Oovernance cosis wmprise the ¢osts of rnnning th¢ cts￿ty, including styawc planning for hs fiJttJR devtlopm¢nL t¢mal audii, any legat fvict fc The University of Chi(a80 Fo￿daTion Limi¢ed Dirt¢tor4 th¢ cosis of 4xnplying with WjL5Eitirti￿4i 4TrJ SWUW rrqLUT¢rn¢n￿ such as the cox5 of Board and Cc¢nmi¢tee m¢cling5 and of preparing 5¢aluttry accounts and wisfyin8 ￿bliC xcimmtsbility. Dctaild disclosures C￿remin8 how suptx>rt COSL8 were split are noi m¥Je onthe b¥i5 of them mowi Cha¥itsble xiivity 15 in ￿Mpli￿¢t with thc Founduicffi's 8￿1 maing p)licy. Gifts from donors b¢ tn 4wordanc£ with th¢ Foundo¢ic4)'s resolutiiw. A5 gifis Ire tky may be gran￿￿ to the Unl¥￿s1ty of Chiwo with 5pccific ins%nKiions for use Wrding to the dcwr's ITh￿1. Tr Fwndaion relies M the UnivctSity'5 lntrrn￿ ￿n¢T￿lS w verify don(K's intent ￿ vt4JrztyJ. TAXathJn The Univ#sity of Chicw 15 sJJA%ider¢d to 5ts set in Parzyaph I sthEd￿t 6 of the Finance Att 2010 wd ￿￿tfOrt il mects ¢hc dtfinitioh of a Charitsble ￿MP&hY for UK c(xporati(m ilx pwposes. Accordingly, th¢ Charity is kThxelltiaJly exuDF4 from ￿xIt10th in res￿ of ijKome OT ¢4Jitai ￿1n% re¢esved within cllt¢8ori¢5 Covered by Chap¢er 3 Part I l of * co￿oNI0n Tax Act 2010 ￿ Seuion 256 of the Taxaiioo of CharEeable Oains Acl 1992. to thc ¢xtem thai s￿h incwjc or8•ins are applied exclusively w choTithble pur￿se5. Vortign ¢urT¢tttles Trarwctions in forcign Curr¢￿1￿ 4re r¢cordttl r¥¢ k¥¢vailin8 at th d4t¢ of the Wan5￿￿10r￿ Montt•ry w¢t5 and liabilitits denthninate4J ITh fDreizn arc trdn51•trd wo S¢uliTh4 * th¢ yiod fDJ ￿ChI￿@t rAte& All differences are thk¢n th the Ststemcm of fitWKiai xliviiics. sh <1gb ¢4yfvAlertts Cash at bank and in lJatKI inGl¥k5 lrwj 5knrt tenn IHghly liwid inve5tsDenrs with * short rn￿rity Df three months orlexs from the date of acquisitiOD worrthing of the thp)%i wyimilar ¢ F]ranCi￿ 4S5¢ts and fIrw￿la1 liabilitie5 fEwgnised whth the Chwity tttC4nes • pty to the contrau pro¥i&ons of the instrumL*T. All fLnanCi￿ and lith"litie5 iftiiilly mea5ur¢4 a¢ transfrttion pti¢¢ li￿ludiT tr7￿Cti{￿L ¢OSts1 PaBE 17

The Ulliv¢rsity of ChAea£o FouDdatioD limi¢¢d Notes to the financial statements For tb¢ y¢4r ended 30 JuDe 2022 (comtim￿td) l A¢coulltiy poli¢i¢s (e•NtiAuedl Trndt dttrtors d trtdil•rs TrJe a¢Mt oih¢r de￿or5 al the seulement all¢r di￿U￿ offtrcd Pryymctttg Ire v4lu¢d 4t the amounr p￿p￿id olsny rr¥le aTE T￿l￿d th the Lh&ity has a FqCStnt fjhliEXtIOD rwltln8 from a sx8t evet)t that will protthly reyjlt in tk tsallsfer of fuJMJs third pJrly ￿1[ ihr amtyjni ID y¢ul¢ th¢ ublig￿l￿n w be niea%urtd or r¢liDbly. Credirors •rE rtroKnixd At their ttlcmcnt 4mount after ￿loWin£ for any tradE discounts duL In the application of the ClJarity'S a¢¢O￿tIng p)li¢ies. thi¢h are lkscriw in ty)¢c l. th¢ Diredors are rtquired to make jud8•xet>ts. estimwes and asAmptions 8bwi th¢ c•nyir4 amounts of a55us and liabiliEiV th1 8rE not r¢8dily apparent from other sot¥tt5. Th¢ ¢stirnW and &sy)clE￿d &55UrnPllOA% ate blls￿ on his￿￿(91 exwienr¢ and other fwr.% ikqt art cl￿￿51dertd t(> ￿ relevani. ACWBI tf5ults m•Y difftr from esiunatrs. The uiim8¢s and urthtyu4 U5WDPtiDThS ate ￿l¢w￿ on&oing R¢vl5iO￿ to wxourtting ellnat&5 aye r¢wBnised in th¢ p¢ri(xl in which estimate i5 revised if th¢ reY5sion 4ffccts only pe¥ic4. or irl the persc4 ot the rewsion and futurt periods if ¢ht revi5kon lif￿ b￿￿￿TT￿l arKI future pcriods. The Dirrclon do CDn5ider ththe are critical judAuthents ry 50urtes of e*irnat¢On UDcertaiDly requirin8 disclosure Eryond the accoU￿1n8 p)liucs limed ab)vo P•K¢18

Tbe Uoiver81ty of Ckicago FouJMl•tiom Limited Notss to Ihe financial sltemtnts For the yer euded 30 Jve 21)22 (eoitinued) {•$ rtst•ted) 19 Ttslated) {•5 ftststtd) T•ts] U•r¢i¢ri¢ted ReslTiCted Tot#1 2022 2021 Eljnaiions and gifts 27&259 454.685 730.944 370327 1452.719 2.823246 Fordetoils ofr¢si￿emtM￿ ￿1￿￿1￿}<￿. refrr ton•¢ J5. 4 Expendlthrt T4l 2021 AAi5iDg f•Ads 229 Suppon (05ts l6.736 17.086 Charitsbl4 a¢¢iviflt Gr￿ts awdrthd CUr￿ll¢Y los￿{￿41n} 854280 9.736 1968,568 1594 426 Covtrn#ntt tosts Audst SCTVites Accountancy 14.7(K 14.lJ(KJ 192IKI 18.jc TotI ¥A)0308 The audit firm ¢)nly received (tts in resp￿1 to audii A￿j1( fets art wtxtnitd ex¢lusiv¢ of VAT. No Diredors or pets)As with them re￿U￿t￿l0fy thr Ixrrtfits or reilnlwsemenr of exper￿5 from ¢he Clwity. During the year the Ch¥ity did not employ Iny suw xaff ditvxly. Ail gr￿ by th¢Charity were Hwuded thc Univcvsity of Thi(40 in the Uni*d Page 19

Th¢ Uulver81ty of CbleAgo Fou•dtio• lirtilted Notes to the finan¢ial stst¢Jnents For th¢ yer ended 30 June 2022 {eoDtinued) S An•lyslfj •f Ctharllabk rt5t•ted) J•J•Dt 2021 . Exp¢•dltsr¢ JtIJwDe IOZZ UnYe51ri¢td furt 1.421 276259 {259 146 IK.534 Rtstrkied fuDd5: M8rtini Family lniern￿l¢￿I l)Jy55ey MerC￿f In¢cmship FuTrl' Scholarship Anit& (kng Lab BIT￿ra Fwxl forCollcF Readintss and lute Trarnity Scholar5tsp Chicago B0othAnThU￿ Fund (JLita¢o Booth Hong Kfmg Mt. Davis ESA Cluna Pr¢8rarnmin8 aThl Iniiiaiives Cthss vf 1999 (￿Y5$eY &-holar5hip D¢ns Fund for Swdeni Life,. Dixil.FoEed Fello7thip F¢nGin8 Club Guy artd Maurn sald&)berg￿Y5seY 76 4.718 17SJ {4.718) 16.558 48.071 IA558 (48.0711 (5.297) (38.LXXI} 5.905 3t,C•XJ 381 13181 138J) 19.968) (45.261) (4,512) 45.261 4.512 134.816 16.802 181,tixii 116.8021 53,116 Henry Rit¢P￿t Stihlies" pnd Anna Boheiffl SdK>lar5hip Fund ' vin Zmis Inwn¥lon￿ sd￿l[￿P 1211.5 27,¥53 127.¥531 12U.5¥7 l J54 (1741 1.354 met￿1( R¢s¢•rth Intemshi tkportmcnt of Psy¢hoJogy Oddysey holars￿P Progrqm E¥p¢ndabJ¢ Or1ettt￿ Insibtu Chi¢w Hr R￿standY Ctnler The H4ddad Farnity Inrn8ti Ody55¢y Fund" 11.926 (11.926} 11463 37,154 (IA916} {si} (11,2N)) 32,701 171,685 171,685 P¥¢20

Tbe Uuiverslty of Cbiwo FoundtioD Limited Notei to the finan¢ial s¢a¢eme•ts For the year emded J) J••e 2022 (comtinlled) 5 AD4)718 of CharltW¢ f•nds (eoDthiu¢d) . (w rst*¢¢dl JO Jun¢ 2021 l•t•mt Expl￿tUre 30Jtstst 11)22 Van J Stults Scholarship yatson Opm Tr)fXS S(holwthwi Fund 234,995 {80,IW} 154,99S 81.050 {2B.247) {22.7811 187.51X) 51803 ZU￿ar0. Da Via S¢lwAanhip" Zwirk li¢5¢4￿￿ for Slydiej 22,781 79&880 454.685 641.161 610,404 'rotsl fw 798.301 9(M).307 628,938 P4e2l

The Uttiver81ty ofChieaEo Fo4rtdation Limi¢ed Notes to the fbn¥Jncial ststem¢Dts For the year ¢nded 30 Jtslle 2022 (eonlinwed) Fordeiaits olresi(eme￿ ioihppriv)wr. refvionJe 15. This Frovides for Inrn9h￿ fc in IheColle8e. Amy irfoD K￿$ (hlywy YknlT¥bip This FfoVidessd￿iP for 8llvJErts in the College. 'Aults Chonl L To Dr. Anits ChoD8'5 in swg¢ry •[ tr¢ lljtrjital BArb4r Fynd lor CoKty Rtsdlnem DdAttt$4 To PTovid¥onnual support forthBOffite of Civi¢ College R£￿1￿￿$ A¢¢ess Wogr•hmi￿. Blut¢ Family S¢knknr5bip Th¢ purpose of this fijnd is to provtslc ￿h011[5h1P AFv￿ ty fvlkiimc MBA tho B¢Mh khool of Bu%ines5. Chiueo Booth AhAul Fund This fund provides untestricted ro the B￿b s¢hry￿ of Bustn¢s> 'Chltw Booth HOAI KonE Mount Davi¥ Thi8 fi￿d prov&dei SUPP)rt for th¢ d¢vc14)pnut ofthc Bwth in Hwg Kon 'Chkozo Booth's MBA E¥perleAce Fund This provides support for th¢ MBA exW)er￿ ou¥uk of the ciLyoom, i￿]￿din& S￿)dIng for trEk4 travel opwrtunitie5. ¢xpansiw of leadtsship program& liwing WTL aodent.alurnrti pogrammin& b￿d butlding auLVIti£5 ttrnottg thc Student pqjulaiion. i*i¢rnship4 8rrAps ther &¢tivities and progrgm5 85 dire¢ied by the ])eputy Deon f•rthE MBA pro8Tam.

Th¢ Universlty of Cbicato FouDdAthD Limited ¢0 tbe fina￿111 staternents For the y￿r ended X Jun¢ 2im (¢o•tlnu¢d) S A•AI)yts of Charltsble (t••lkne 'Claw of 1999 Od)w Stholrshlp Fmd Thi5 fund provides scholatship gjpwt for inthtColle8e. "Dew's Fod f•rSitydtht Lik To support untsgtkn SEudcnt iniparives sdirthat41 by ofthccolie ' Dixit.F•yd FdlDTh7h Annual supwKt for &di5s¥Wion comp]¢titin f¢llDwship f0rgr•Ju￿e the Thvisbon ofth &￿la1 sc1w￿ Fnciy Club Th¢ purp￿ of thi5 fund is to pThde wpjn for the [￿¢1￿ t1￿ ikni¥ttsity. irt1￿11￿ but rtot limit￿ to cOm￿lIE{M expenses and ￿ching. Guy MiuT• Sidenb¢ry Odyss¢y F¥ Th¢ pulpox of this is 10 prwde xhoiaTship 5Utwt foruthJtrxrtu#e Alld￿ts th the CA)Ilege. Htnry Rit¢kot¢t IAteYo¢iuwal S¢•diu Fund This fund provides SUPPDrt for nvw Te5crh in internaiotthl SILbai￿ in thE wcial Sci￿5, with • purti￿[•re￿ph￿S OD roll4b)wve MIX￿ methI8 Jegeatth. Marr ANA Boh¢thb Stknlatskip F•ttd Thi5 fvnd wovides s£h(4arthip fc SLudts￿ ￿ the ffijlbtime MBA ProKrzm Jtthe Booth SthoDI of Busi￿55 Marvi Inl¢rMlthot Sehoknvs This f￿d I￿¥¢d¢s$¢holarshIp suwth f( full.time MBA w¥knt5 sc1K￿l of By5in¢5& "Mttedf Rstrth Inter•ships. Deprtaeut ofpsy&oy This fi￿d wovidusupport iN¢rn5hi "Odyw Scbolrs&ap Proc￿ ExptndlAe Th15 fund pro¥id&8 eX￿dable scknlarship suprA)rt to th¢ (Idyss¢y S￿￿l8￿h1P Pm8rwm. whith provides suppl¢mcntal College aid 8raTrt$ 10 under￿8￿ &udents WJM) ¥yJld otherix"￿Ve Lo xcept sthJd¢nL l¢)Dns in d¢r tts4tt¢￿ the University of￿1(￿. "Orl¢ntAI IAStltutr cknit*￿ H•w¢ To Sllpp￿ the cpi8rarAJ¢¢ SUTvey wojea of the C¥iental [￿l￿rt& Py23

The Univer81ty ofchiugo Foundation Limittd No¢es to the financi¥Jl st•tements For the year eoded 30 June 21n2 (¢ontiDued) 5 Amlplg ofCbArltblt (¢nOn•ed) Rustsndy CeJttr Th¥ puryJv¥¢ (If ihi% ftht i% 574wI r( th¢ &iaJ Enorprise Initiative and thc Booth School or Bwin "Th¢ H•ddAd FAtylty 1p¢¢rnatI•D￿ Odysxy Fum Expen4Jabl¢ income fmm wd to PTovid¢ 5¢hoiarships 45"Haddod Family lnrnatI￿￿ Ody55fy S¢holar5hip¥" io intcrnational slu￿ts in thc College qdify for fin￿111 aid under the College'5 firAn¢ial aid )IiGy. Vll J Stslts Schohrshlp F The PU￿8¢ of this finyj ￿ to provide schol¥tship fuJl.timE MBA sDthts •[ th¢ Bwth School of Business. WAtsoo Open DMTS St]Kt]rship FMDd The Pu￿0$¢ of this fiuld L5 to pN)vide sctr&sla￿1lp wpp)rt th full-¢ime MBA &wJents a¢ th¢ BMth School ot. Uusin¢sS purtx)se of thi5 fi￿d i$ pJovide xlwlr5hip W to fv114une MBA Soyjents * thE Booth School of 8￿$1￿¢$% Zwiek for sti￿1￿ To provid¢ anfftv￿ awwds fo outy2ndiThg thir&yw sudeN5 in the Collt4e at the Univcrsiry to th)ndll￿ rtse4rch in Europe in th¢ foll￿rf their third y¢tr. fj Debtors: hllins dut withi* ••e yur (•$ r¢5tgt¢d) 21ni 2012 Amounts pay4bl¢ frorn Teljied F Acttued income JO,501 3B9,460 22,6Y2 796,157 419,961 818.849 deithts ofreJldenrtnts ioHxwitY)w. reftTr iomt¥e"J5. P4e 24

Tht University ofchiueo FoTA•dtioD Limited Notes 10 the finx#¢lal Jlat¢ments For the year ended 30 JuDe 2022 (eoDtIDued) 2021 A¢¢n￿lS OthercrediiNs 37.700 18.500 I3.￿8 31408 • Allaly515 ofa5Jets libiUlies bttweu thnd¥ UAr¢strktr Sb elpital Totthl 25.733 220.944 246,777 Debius.. f￿ling due wihin o 30JOi 389.4 419,961 Crediirx5: amounts withirÈ c y¢or As ¥ 30 Jul￿ 2022 11534 610,41 As at 30 Jurt 2021 {&$ le￿a￿d} 79&880 798.401 Pag¢25

The Umiversity of Chicago F￿nd￿tIon limit¢d Y4otes to tbe financial Jlatements For the year ettded 30 June 2022 (co•limued) I A••lysb •f •i¥¢ts ••d IlabllltiEJ fM•ds {toJitinut4) For details ofreslthmenis ioi&pritYww. rrferiOitY¢ 15. I'he Charity nrt tnrcRd inlo 8Urntce arrdngements12021." nDnEI. 10 Share capitsl Amolled. tlW•p thlty p•¥J shav¢s 2022 N•. Ordin4ry JJmof£l eh l(X)%oftk $har¥ ¢4pitsI is ow7￿j by the UtiT¥*Siiy ofChi¢w The Chuifable statu5 of th2 (Jwity prohibits the imivetsity bting toafry d¢￿dendS P•e¢ 26

The UoivenAty of Chiego Fo••datioD Limited Not&1 to the fittanei&l 8tstememts For th¢ y¢r eDde4130 Jun¢ 2022 (¢ontlDu¢d) (x resthi¢d) 2021 Net incom&(txrnsel slathent of finthKial wvilies 220,097 1206.8541 (61 Dectease in debtOTS Inryew in uditor5 9.428 5,292 &51M) C•sh pr•vldd byl(used im) optTtiD¢ tknIknt5 12 RelAted party tt#stdo Jring the ye¥ the Univetsity of Chirago ITh the US ill￿￿¢d on bdwif of the Charity 4mount¢d £I6.73612021.. £18.3￿1. The Uni¥etsity of Chic480 in ttr US rech¥8td £))il {2021.. £oil) of support M5t5 to th¢ Charity dwin8 the year wh2th related to s¢aff lime swi ITh ￿j￿iDn ￿ the Charity. Dwing th¢ yw th¢ Univ¢rsity of Chiugo in th¢ US ha5 8¢fted £16.736 (2021: £18,gJ)) w the Ch¥ity. Th¢ b•]w￿e ￿ thc year c4KI w&% £nil (2021.. Grnnts m•dE in the year tothll¢d £854286 (2021: £i968J68)4￿ wu¢ all pid to ts iJniv#sity of Chit¥0 in the US duriTr8 th¢ yw. The UDiv¢rsity of Chicago is committpj kn fijrxl the gown￿ w5t fw th¢ Clwity •Dkntht of £3Q501 (2021.. £I8500} is included in D¢bLOTS. 13 Events fter th¢ end orth¢ wltyj No events Octurrtd •ficrth¢ of the rporDng peri￿1. The Directors eowidrr The Univ¢r5ity of Cbiw. • ((Ynwy ￿%51￿¢￿ in The Unit¢d Slates of Amerittt to bt the ultitnate pfirenl C1￿[￿nY. Univer5iry of Chicago 15 th¢ yna]lty and ]￿e$r group uj whith the results of the Charity are torw)lidatsJ. Copi¢5 of thr UThiver5ity'5 fiTwi415tytw¢nts ar¢ •YailabJe rcque* in writing ty 5801 South Ellis Avenu< Chit41 IlluJoi$ 60637. USA. P4¢ 27

For thtye•reth 3•1￿￿tIon{c￿￿￿ts1) 2935J 374J27 (ilwi I454719 2*23246 935 2123.Y2 117.1•Jl (l7.IW) 6l69)3) iJmo.I 14IJJ03) 11243 6I64YIs 54 rwxrd 5U45 ￿19 901 791JDI

The University of Chicago FouDd4tloth Llmlted Not￿ to the financial statements For the yeAr ended 311 June 2•22 (eontinxd) IS Prlor yer rnStsthMent{totstiti•ed) A 0￿￿11Y r¢port¢d AdJtt5ted As re5tsted Cryrrettt ￿ett I)¢btor5: wnounts failing thie within oTreye Cash at bank and irt 79i157 818,849 Tolal assets 34ffjS2 l57 830,809 Cr•dors: JtsMAts f￿1￿¢￿•t with • ytr Net uyets 31408 314081 44 796.157 Tbe IuDd5 of th¢ Ch¥rity Unr¢sir¢cted frjnds Res¢ri¢¢ed fuTrJs Sh*E 1,421 1,421 796,880 100 79&157 2.2M 796.157 798.401 P4c29