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2023-12-31-accounts

THE UGGLA FAMILY FOUNDATION

Uggla Family Foundation

Annual Report and Financial Statements

1[st] January 2023 – 31[st] December 2023

UGGLAFOUNDATION.COM

ARDINGLY, ENGLAND

REGISTERED CHARITY NUMBER: 1195626

Report of the Trustees and

Financial Statements for the Year Ended 31 December 2023

for Uggla Family Foundation

Sumer Auditco Limited Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Uggla Family Foundation

Contents of the Financial Statements for the Year Ended 31 December 2023

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 18

Uggla Family Foundation

Report of the Trustees for the Year Ended 31 December 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The object of the CIO is to advance such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time in their absolute discretion think fit.

Significant activities

The Uggla Family Foundation supports charitable causes through grant making. The focus is on Health, Creative Arts, Education, Animal Welfare and Climate and other causes that are close the family's hearts.

Public benefit

The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.

Grantmaking

In 2023 the charity made donations to four organizations:

(i) GBP 15,031 to Tate Galleries in support of the Turner Prize

(ii) CAD 200,187 to the Simon Fraser University ("SFU") in Vancouver, Canada in support of the Uggla Family Foundation Scholarship Programme, an amount which was the balance of commitments from 2022 that was funded through Gift Aid

(iii) GBP 100,744 to the London School of Economics and Political Science ("LSE") also in support of the Uggla Family Foundation Scholarship Programme and also the balance of commitments from 2022 that was funded through Gift Aid

(iv) GBP 500,031 to the British Film institute ("BFI")

More details on our charitable activities can be found below.

The Uggla Family Foundation's aims are to support the Arts, Education, Climate, Health and Animal Welfare. Each of the donations above are in clear alignment of these aims.

The Foundation does not expect to be open for grant applications from third parties for the foreseeable future.

Page 1

Uggla Family Foundation

Report of the Trustees for the Year Ended 31 December 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities Education

In 2021, Lance Uggla established an Uggla Family Scholarship Programme at the LSE (London School of Economics and Political Science), Simon Fraser University (SFU) and with Zamcog, a UK based charity supporting education in rural Zambia. Through these programmes, Lance committed to support ten new students in perpetuity each year at each institution; the scholarships are intended to cover all costs of university including payments for tuition fees, housing, food, travel and books. The scholarships are aimed at students that would otherwise not be able to afford to attend university. The scholarships are awarded to ensure there is gender and ethnic balance and take into consideration hardship and challenges that a student may have suffered whilst growing up.

In addition to the financial support, the Trustees of the Uggla Family Foundation and other family members work with the scholars of the LSE and SFU to help support them in their life at university as well as coaching them to help them identify and achieve their future career goals. This includes hands-on one-to-one mentorship around career guidance, CV and letter writing, and interview skills.

There is a strong partnership and working relationship between these two universities and the Foundation with both committing their own time and resources to make the programme a success. As part of this, the Foundation and family take a key role in helping select the scholars. This partnership is a key success factor to the scholarship programme. The Foundation is also developing other relationships with schools and companies that will additionally support the programme and students.

The Foundation also pays for an internal resource at each of the LSE and SFU that acts as a mentor, coach and guide for the students. This is an essential resource as the students often do not have relevant or appropriate role models to help them through the transition to university life and beyond.

The scholars in Zambia are selected by Zamcog, a charity set up by Julie-Anne Uggla, that provides education for street children in Kabwe, Zambia. Zamcog initially provided primary school education but over the years built its offering so that today it provides education from kindergarten to secondary school. Many of the graduating pupils wish to go on to further education but cannot afford to do so. The Uggla family agreed to support ten students each year in their tertiary education. The students attend many different higher education establishments depending on their career aspirations and qualifications.

In 2022, following the founding of the Uggla Foundation and receipt of donations from the Uggla family, the charity took over the responsibilities of all the Scholarship Programmes. We work with the universities on their scholarship programmes and provide additional support to the students. In 2023, with our partners, we awarded 30 new scholarships, so that as of the end of 2023 we were supporting the education of 90 students.

The Uggla Foundation does not yet have sufficient resources to support all the scholarships that we have committed to. Lance Uggla has however committed to continue to fund the charity so that over time we will reach that level. In the meantime, Lance and the Foundation make funding choices for the scholarships that optimize their respective financial positions. As a result, in 2023, all the costs of the scholarships at the LSE (£846,917) and SFU (CAD 1,212,728) were funded directly by Lance.

The impact of the scholarships is already very clear. The students that we take on as scholars would definitely have struggled to pay their way through university and would have had to take part time jobs or put excessive strain on their family finances. The scholarships have allowed the students to focus on their studies and spend time applying for internships - something they almost certainly wouldn't have had time to do without a scholarship. However, we believe the wider pastoral care, mentorship and coaching that is provided, has given the students a clearer path to their lives after university. Through this work, many of the students have achieved summer internships and/or work experience that would have been difficult to win without the scholarship programme. In 2023, four of our students at the LSE were given offers of full time employment at leading companies including Clifford Chance, Hiscox, JPMorgan and Oliver Wyman. Given our high touch approach there are a few individuals that would have very likely left university completely had it not been for the support we provide. We are still at an early stage of understanding the impact but we believe our scholars will grow up with a strong sense of civic duty and therefore will, in due course, look to "pay back" the support that they themselves have received. We have already seen the grass roots of this.

We have appended to this report the annual reports from the LSE, SFU and Zamcog for 2023 / 24 to highlight the impact and effectiveness of the programmes that have been set up.

Going forward the charity aims to build awareness of its programme to build a greater number of applicants and work with the students more to ensure a clearer line to their future careers. The charity will also continue to build the network of organizations that are able to help contribute to the wider Uggla Family Scholarship programme.

Page 2

Uggla Family Foundation

Report of the Trustees for the Year Ended 31 December 2023

Arts

In 2023, the Uggla Family Foundation co-sponsored the Turner Prize, one of the leading awards made annually to a British visual artist.

Also in 2023, the Foundation was excited to announce a new partnership with the BFI. The BFI is a film and television charity which promotes and supports film-making and television in the UK. One of the offerings of the BFI is a "player" to watch their extensive catalogue of films. This was originally built on a web platform which has now become outdated - users now prefer not to use a browser to watch movies and instead prefer a native application much like Amazon Prime, Apple+ or Netflix.

The Foundation has built a partnership with the BFI through which the Uggla Foundation will help fund the costs of the build and roll-out a new film viewing app. The funding structure is innovative with 50% of the funding being in the form of a zero-interest loan and 50% in the form of a donation. The funding is to be paid out as the BFI meets clearly defined hurdles. The donation was planned and paid out in 2023; the loan was planned to be paid out in 2024. The partnership includes a commitment for a small amount of the profits from the new app to be ongoingly allocated to film education at universities and an apprenticeship.

Animal Welfare

The Foundation continued to work closely with the Soi Dog Foundation, Thailand; Kendall Uggla sits on the UK Board of the Charity.

Climate / Environment

The Foundation made its first donation to the Ibiza Preservation Fund. The Fund works to regenerate the environment of Ibiza and Formentera. The Fund's vision is for the islands to be models of sustainability where the environment and community can thrive together. The Fund has a number of projects including the circular economy, biodiversity and maritime protection, sustainability and local produce. The organization has made impressive progress across all its target areas and has made significant impact.

Investment performance

Our investments are managed by an Investment Committee appointed by the Trustees. The Investment Committee is Cassidy Uggla, Kendall Uggla, Roslyn Taylor and Will Meldrum. The investment committee has agreed that the medium- to long-term aim of its investing activities is to grow the funds being managed to meet the long-term commitments of the charity. To this end, investments will be focused on higher growth opportunities with a focus on strong businesses that will endure over a long period of time.

We received a donation of S&P Global shares valued at USD 3,151,460 in January 2023. We also received USD 331,883 in gift aid which was then paid to the SFU and LSE as part of our 2022 commitments. At year end our total portfolio was valued at USD 37,015,546 up $8,774,458 year on year. The performance of the investment activity for the year ending 2023 was +21.05% (2022: -18.7% for the period from 22nd March to 31st December). As benchmarks, the MSCI World Index and S&P Global 500 were +21.77% and +24.23% respectively for the same period.

FINANCIAL REVIEW

Financial position

The charity had total financial assets of $37.0m as of 31st December 2023. The increase is due to $3,151,460 from donations and $5,944,766 from investing activity. Organically the assets grew by 21.05% since 31st December 2022. The markets as a whole performed strongly over the same period as they recovered from the negative markets in 2022.

In line with their previously stated long-term goal, the Investment Committee reduced its weighting in S&P Global and diversified across a small number of other large cap stocks.

The investment portfolio will be affected by global equity and credit markets more broadly however the investment committee expects to invest in equities and credit that are well managed and strongly positioned for growth. The committee expects to take long-term investments and will not over-trade its positions. The expectation is to continue to balance the portfolio across public and private markets. We work closely with the Uggla Family Office and take advantage of our collective buying power to invest in attractive fund opportunities.

Going forward we would continue to expect the running costs of the main educational programmes to be funded by Lance Uggla either directly or through the charity. We will continue to manage the investment portfolio for the long-term to fund future expected commitments. The charity will continue to work with Mr Uggla to ensure the most effective tax treatment of funds donated to our supported causes. Although the charity does not currently have sufficient assets to cover all the expected liabilities of the scholarship programmes and other expected charitable causes, Mr Uggla has committed that over the long-term the charity will be funded appropriately (either internally or externally) to do so. These commitments will be fully documented in 2024.

Page 3

Uggla Family Foundation

Report of the Trustees for the Year Ended 31 December 2023

FINANCIAL REVIEW Reserves policy

The charity does not have a reserves policy:

1) The charity has very low running costs which are entirely controllable.

2) The charity has a significant investment portfolio which it is looking to build over the long-term to meet its future commitments; there is no intention on paying this money out / spending it on operating expenses.

3) Mr Uggla has committed to providing additional funding over the near term to cover any upcoming commitments and expenses, if needed.

Given the above, the Trustees have agreed that a Reserves policy is not required however it will continue to monitor its operations and agree an appropriate policy should it be deemed necessary.

FUTURE PLANS

The Uggla Foundation will continue to work with the LSE, SFU and Zamcog in order to further develop and embed the scholarship programmes. This will focus on ensuring the structures we have in place are as effective as possible. We will also continue to work with our students to support them in their studies and their transition to full time employment. We will continue to seek to broaden participation in our programmes by reaching out to the communities in the UK and Canada to build awareness and numbers of applications. We will work with the universities to ensure the programmes are as future proofed as possible.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document. The charity is a Charitable Incorporated Organisation, registered 25 August 2021

Recruitment and appointment of new trustees

All of the current Trustees were recruited and appointed in 2022. In order to recruit Trustees the charity sought a broad set of complementary skills covering charity, finance, partnerships, branding, mentoring, career skills and relationship building as well as key representation from the Uggla Family. We do not expect to appoint any new trustees in the near future.

There are no constitutional provisions for appointment.

Organisational structure

The charity has two main decision-making bodies.

1) The Trustees make all overall decisions including governance, organization, HR, relationships, donations etc.

2) Investment Committee which oversees all investment decisions on the portfolio including portfolio structure, investment selection, investment divestment and portfolio review.

Induction and training of new trustees

New trustees are expected to read and adhere to charity commission guidance as well as other trustee advisory papers. The trustees are familiarised with the charity, its aims, recent decisions and commitments by existing trustees.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Fund-raising standards information

The charity does not carry out any fundraising activities.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1195626

Principal address

Fairhaven Church Lane Ardingly West Sussex RH17 6UR

Page 4

Uggla Family Foundation

Report of the Trustees for the Year Ended 31 December 2023

Trustees

L Uggla K Uggla W Meldrum E Uggla R Taylor

Auditors

Sumer Auditco Limited Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on .... 31st October 2024 ......................................... and signed on its behalf by:

........................................................................ Trustee

Page 5

Report of the Independent Auditors to the Trustees of Uggla Family Foundation

Opinion

We have audited the financial statements of Uggla Family Foundation (the 'charity') for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 6

Report of the Independent Auditors to the Trustees of Uggla Family Foundation

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the grant making activity, we identified that the principal risks of non-compliance with laws and regulations related to Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements of the charity. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Statement of Recommended Practice.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to revenue recognition and management override. Audit procedures performed by the audit engagement team included:

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and the transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sumer Auditco Limited Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

31 October 2024 Date: .............................................

Page 7

Uggla Family Foundation

Statement of Financial Activities for the Year Ended 31 December 2023

Unrestricted
fund
Notes
$ INCOME AND ENDOWMENTS
FROM
Donations and legacies
3
-
Investment income
4
617
Total
617
EXPENDITURE ON
Raising funds
5
101,125
Charitable activities
6
Grant making
861,203
Total
962,328
Net gains/(losses) on
investments
-
NET INCOME/(EXPENDITURE)
(961,711)
Transfers between funds
15
885,797
Net movement in funds
(75,914)
RECONCILIATION OF FUNDS
Total funds brought forward
75,914
TOTAL FUNDS CARRIED
FORWARD
-		 Restricted
fund
$ -
-
-
-
-
-
-
-
-
-
-
-		 Endowment
fund
$ 3,151,460
499,150
3,650,610
-
-
-
5,944,766
9,595,376
(885,797)
8,709,579
28,144,245
36,853,824		 Year Ended
31.12.23
Total
funds
$ 3,151,460
499,767
3,651,227
101,125
861,203
962,328
5,944,766
8,633,665
-
8,633,665
28,220,159
36,853,824		 Period
25.8.21
to
31.12.22
Total
funds
$ 36,015,934
217,871
36,233,805
15,551
1,493,425
1,508,976
(6,504,670)
28,220,159
-
28,220,159
-
28,220,159

The notes form part of these financial statements

Page 8

Uggla Family Foundation

Balance Sheet

31 December 2023

Unrestricted
fund
Notes
$ FIXED ASSETS
Investments
12
-
CURRENT ASSETS
Debtors
13
-
Cash at bank
167,384
167,384
CREDITORS
Amounts falling due within one
year
14
(167,384)
NET CURRENT ASSETS
-
TOTAL ASSETS LESS
CURRENT LIABILITIES
-
NET ASSETS
-
FUNDS
15
Unrestricted funds
Endowment funds
TOTAL FUNDS		 Restricted
fund
$ -
-
-
-
-
-
-
-		 Endowment
fund
$ 37,015,546
-
(161,722)
(161,722)
-
(161,722)
36,853,824
36,853,824		 2023
Total
funds
$ 37,015,546
-
5,662
5,662
(167,384)
(161,722)
36,853,824
36,853,824
-
36,853,824
36,853,824		 2022
Total
funds
$ 28,144,245
305,062
98,808
403,870
(327,956)
75,914
28,220,159
28,220,159
75,914
28,144,245
28,220,159

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 31 October 2024

............................................. Trustee

The notes form part of these financial statements

Page 9

Uggla Family Foundation

Cash Flow Statement for the Year Ended 31 December 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Donated assets
Income attributable to endowment
Net cash provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 Year Ended
31.12.23
$ (817,839)
(817,839)
(18,735,408)
18,960,333
618
225,543
(3,151,460)
3,650,610
499,150
(93,146)
98,808
5,662		 Period
25.8.21
to
31.12.22
$ (65,413)
(65,413)
(1,030,400)
622,134
160
(408,106)
(34,240,649)
34,779,771
539,122
65,603
-
98,808

The notes form part of these financial statements

Page 10

Uggla Family Foundation

Notes to the Cash Flow Statement for the Year Ended 31 December 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
(Gain)/losses on investments
Interest received
Income attributable to endowment
Foreign exchange movements
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash used in operations		 Period
25.8.21
Year Ended
to
31.12.23
31.12.22
$ $ 8,633,665
28,220,159
(5,944,766)
6,504,670
(618)
(160)
(3,650,610)
(34,779,771)
-
(33,205)
305,062
(305,062)
(160,572)
327,956
(817,839)
(65,413)		 Period
25.8.21
Year Ended
to
31.12.23
31.12.22
$ $ 8,633,665
28,220,159
(5,944,766)
6,504,670
(618)
(160)
(3,650,610)
(34,779,771)
-
(33,205)
305,062
(305,062)
(160,572)
327,956
(817,839)
(65,413)
(65,413)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
$ $ $
Net cash
Cash at bank and in hand 98,808 (93,146) 5,662
98,808 (93,146) 5,662
Total 98,808 (93,146) 5,662

The notes form part of these financial statements

Page 11

Uggla Family Foundation

Notes to the Financial Statements for the Year Ended 31 December 2023

1. GENERAL INFORMATION

Uggla Family Foundation is an Charitable Incorporated Trust (CIO). The charity's registration number is 1195626 and address is Fairhaven, Church Lane, Ardingly, West Sussex, RH17 6UR. The nature of the charity's operations and its principal activities are disclosed in the trustees report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared in US dollars which is the functional currency of the charity and rounded to the nearest pound.

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Critical accounting judgements and key sources of estimation uncertainty

Valuation of private equity

In ascertaining the market value of private equity - the charity has relied upon the investment managers valuation. there is no readily available market for this equity. These values do not necessarily reflect the final value of the shares should they aim to sell them.

These estimates and assumptions have the most significant effect on recognition and measurement of assets. Actual results may be substantially different.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Page 12

continued...

Uggla Family Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method

3. DONATIONS AND LEGACIES

Donations
Gift aid		 Year Ended
31.12.23
$ 3,151,460
-
3,151,460		 Period
25.8.21
to
31.12.22
$ 35,710,872
305,062
36,015,934

4. INVESTMENT INCOME

Year Ended
31.12.23
$ Dividends
499,149
Deposit account interest
618
499,767		 Period
25.8.21
to
31.12.22
$ 217,711
160
217,871

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Uggla Family Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

5. RAISING FUNDS

Investment management costs

Investment management charges
6.
CHARITABLE ACTIVITIES COSTS
Grant making
7.
GRANTS PAYABLE
Grant making
Grants to institutions (4)
London School of Economics (note 1)
Tate Gallery
Simon Fraser University (note 1)
Zamcog
British Film Institute
Ibiza Preservation Fund
Grants committed in previous year but paid privately by trustee
Commitments at 1 January 2023
Grants committed for the year
Grants paid during the year
Foreign exchange
Grants committed in previous year but paid privately by trustee
Commitments at 31 December 2023
Commitments at 31 December 2023 are payable as follows:
Within one year
After more than one year
Total		 Grant
funding of
activities
(see note
7)
$ 692,372		 Year Ended
31.12.23
$ 101,125
Support
costs (see
note 8)
$ 168,831		 Year Ended
31.12.23
$ 101,125
Support
costs (see
note 8)
$ 168,831		 Period
25.8.21
to
31.12.22
$ 15,551
Totals
$ 861,203
2023 2022
$ $
692,372 1,511,210
2023 2022
$ $
- 600,958
19,137 17,872
- 892,380
61,671 -
637,090 -
16,648 -
734,546 1,511,210
(42,174) -
692,372 1,511,210
$ $
312,536 -
734,546 1,511,210
(1,012,714) (1,198,674)
7,803 -
(42,174) -
- 312,536
- 312,536
- -
- 312,536

Note 1 - Grants were paid privately by the trustee Lance Uggla to London School of Economics and Simon Fraser University in the year ended 31 December 2023.

Page 14

continued...

Uggla Family Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

8. SUPPORT COSTS

SUPPORT COSTS
Governance
Finance Other costs Totals
$ $ $ $
Grant making 154,226 (1,967) 16,572 168,831
Support costs, included in the above, are as follows:
Period
25.8.21
Year Ended to
31.12.23 31.12.22
Grant Total
making activities
$ $
Trustees' remuneration etc 152,296 -
Sundries 1,930 2,352
Foreign exchange (gain)/loss (1,967) (33,205)
Auditors' remuneration 15,088 13,068
Legal fees 1,484 -
168,831 (17,785)

9. TRUSTEES' REMUNERATION AND BENEFITS

The Trustee, W Meldrum, is paid by the Charity to provide services to the charity. The services provided are investment advice, grant administration, finance, and mentoring to the scholarship students. W Meldrum was paid $152,296 for these services provided in the year ended 31 December 2023 (2022: Nil).

There were no other trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the period ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the period ended 31 December 2022.

10. STAFF COSTS

Please refers to the trustee remuneration note for details of staff costs.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Grant making
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)		 Unrestricted
fund
$ 1,453,874
160
1,454,034
15,551
1,493,425
1,508,976
-
(54,942)		 Restricted
fund
$ -
-
-
-
-
-
-
-		 Endowment
fund
$ 34,562,060
217,711
34,779,771
-
-
-
(6,504,670)
28,275,101		 Total
funds
$ 36,015,934
217,871
36,233,805
15,551
1,493,425
1,508,976
(6,504,670)
28,220,159

Page 15

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Uggla Family Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Endowment
fund
fund
fund
$ $ $ Transfers between funds
130,856
-
(130,856)
Net movement in funds
75,914
-
28,144,245
TOTAL FUNDS CARRIED FORWARD
75,914
-
28,144,245
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2023
Additions
Disposals
Revaluations
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
Analysis of investments:
2023
$ UK Listed Shares
7,889,826
US Listed Shares
24,263,600
US Private Shares
618,806
EU Listed Shares
-
Uninvested cash
656,930
Cayman Islands
1,393,785
Jersey
1,828,850
Short-term investments
79,541
Gapco AP II Offshore LP
284,208
37,015,546		 11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Endowment
fund
fund
fund
$ $ $ Transfers between funds
130,856
-
(130,856)
Net movement in funds
75,914
-
28,144,245
TOTAL FUNDS CARRIED FORWARD
75,914
-
28,144,245
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2023
Additions
Disposals
Revaluations
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
Analysis of investments:
2023
$ UK Listed Shares
7,889,826
US Listed Shares
24,263,600
US Private Shares
618,806
EU Listed Shares
-
Uninvested cash
656,930
Cayman Islands
1,393,785
Jersey
1,828,850
Short-term investments
79,541
Gapco AP II Offshore LP
284,208
37,015,546		 11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Endowment
fund
fund
fund
$ $ $ Transfers between funds
130,856
-
(130,856)
Net movement in funds
75,914
-
28,144,245
TOTAL FUNDS CARRIED FORWARD
75,914
-
28,144,245
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2023
Additions
Disposals
Revaluations
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
Analysis of investments:
2023
$ UK Listed Shares
7,889,826
US Listed Shares
24,263,600
US Private Shares
618,806
EU Listed Shares
-
Uninvested cash
656,930
Cayman Islands
1,393,785
Jersey
1,828,850
Short-term investments
79,541
Gapco AP II Offshore LP
284,208
37,015,546		 11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Endowment
fund
fund
fund
$ $ $ Transfers between funds
130,856
-
(130,856)
Net movement in funds
75,914
-
28,144,245
TOTAL FUNDS CARRIED FORWARD
75,914
-
28,144,245
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2023
Additions
Disposals
Revaluations
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
Analysis of investments:
2023
$ UK Listed Shares
7,889,826
US Listed Shares
24,263,600
US Private Shares
618,806
EU Listed Shares
-
Uninvested cash
656,930
Cayman Islands
1,393,785
Jersey
1,828,850
Short-term investments
79,541
Gapco AP II Offshore LP
284,208
37,015,546		 11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Endowment
fund
fund
fund
$ $ $ Transfers between funds
130,856
-
(130,856)
Net movement in funds
75,914
-
28,144,245
TOTAL FUNDS CARRIED FORWARD
75,914
-
28,144,245
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2023
Additions
Disposals
Revaluations
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
Analysis of investments:
2023
$ UK Listed Shares
7,889,826
US Listed Shares
24,263,600
US Private Shares
618,806
EU Listed Shares
-
Uninvested cash
656,930
Cayman Islands
1,393,785
Jersey
1,828,850
Short-term investments
79,541
Gapco AP II Offshore LP
284,208
37,015,546		 11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Endowment
fund
fund
fund
$ $ $ Transfers between funds
130,856
-
(130,856)
Net movement in funds
75,914
-
28,144,245
TOTAL FUNDS CARRIED FORWARD
75,914
-
28,144,245
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2023
Additions
Disposals
Revaluations
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
Analysis of investments:
2023
$ UK Listed Shares
7,889,826
US Listed Shares
24,263,600
US Private Shares
618,806
EU Listed Shares
-
Uninvested cash
656,930
Cayman Islands
1,393,785
Jersey
1,828,850
Short-term investments
79,541
Gapco AP II Offshore LP
284,208
37,015,546		 Total
funds
$ -
28,220,159
28,220,159
Investments
$ 28,144,245
21,886,868
(18,960,333)
5,944,766
37,015,546
37,015,546
28,144,245
2022
$ 2,943,595
20,971,252
140,942
1,745,473
758,947
1,584,034
-
-
-
28,144,245
2023
$
7,889,826
24,263,600
618,806
-
656,930
1,393,785
1,828,850
79,541
284,208
37,015,546

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023 2022
$ $
Gift aid - 305,062

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Uggla Family Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals for grants payable
Accrued expenses
15.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Endowment funds
Endowment fund
TOTAL FUNDS
Net movement in funds, included in the above
Unrestricted funds
General fund
Endowment funds
Endowment fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Endowment funds
Endowment fund
TOTAL FUNDS		 At 1.1.23
$ 75,914
28,144,245
28,220,159
e as follows:
Incoming
resources
$ 617
3,650,610
3,651,227		 Net
movement
in funds
$ (961,711)
9,595,376
8,633,665
Resources
expended
$ (962,328)
-
(962,328)
Net
movement
in funds
$ (54,942)
28,275,101
28,220,159
ar

Page 17

continued...

Uggla Family Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Endowment funds
Endowment fund
TOTAL FUNDS		 Incoming
resources
$ 1,454,034
34,779,771
36,233,805		 Resources
expended
$ (1,508,976)
-
(1,508,976)		 Gains and
losses
$ -
(6,504,670)
(6,504,670)		 Movement
in funds
$ (54,942)
28,275,101
28,220,159

Expendable endowment - the expendable endowment was established by donations from the charity's founder in March 2022. The trustees have the power to spend the capital; both the capital and income are unrestricted with the expectation is that the majority of the funding will be used to provide scholarship funding for students requiring financial assistance to attend the London School of Economics and Simon Fraser University.

16. RELATED PARTY DISCLOSURES

Total donations from trustees were $3,151,460 (2022: $35,710,872). Of this donation, $3,151,460 (2022: $34,779,771) is an expendable endowment. The trustees have the power to spend the capital; both the capital and income are unrestricted with the expectation is that the majority of the funding will be used to provide scholarship funding for students requiring financial assistance to attend the London School of Economics and Simon Fraser University.

Please refer to the Trustee remuneration note for fees paid to one trustee.

Page 18

----- Start of picture text -----
Thank you
----- End of picture text -----

The Uggla Family Scholars Programme

Annual Report prepared for Lance Uggla and the Uggla Family Foundation October 2024

Uggla Family Scholars Programme – Annual Report 2024

Contents

Thank you and foreword from Professor Larry Kramer 3
Executive summary 4
Meet the 2023/24 Uggla Family Scholars 6
A day to remember: an Honorary Fellowship for Lance Uggla 10
Review of the Programme recruitment and marketing strategy 11
Key achievements: a look at the graduating scholars 14
Our learnings and evaluation of the Programme 16
Plans for the future 18
Photo gallery 20
Appendices 23

Shaping the world 2

Uggla Family Scholars Programme – Annual Report 2024

Thank you and foreword from Professor Larry Kramer

Dear Lance, Will and all at the Uggla Family Foundation,

It gives me great pleasure to introduce the 2024 Annual Report for the Uggla Family Scholars Programme. At the conclusion of its third year, the first with a full cohort of 30 Uggla Family Scholars across all levels of undergraduate study, the Programme has become the benchmark for scholarship initiatives not just at LSE, but across the UK. We are hugely proud to have helped to realise your vision for the Programme, which is so closely aligned with LSE’s values.

In my first few months as President & Vice-Chancellor, I have been struck by the unique opportunities offered to Uggla Family Scholars to connect and form close friendships with their peers in the Programme, while also enjoying access to considerable resources to accelerate their personal development. It is clear that this support provides them with the best opportunity to reach their full potential. This year there was a full calendar of social activities; extensive guidance on CVs and cover letters, regular workshops and networking events, and internship support for scholars. These activities, along with the generous financial support, have been transformative. Studying at LSE is an ambition for so many around the world, and the Uggla Family Scholars Programme is making that dream a reality for students who may not otherwise have thought it possible. Thank you.

I was honoured to recognise your extraordinary personal, professional and philanthropic achievements by awarding you an Honorary Fellowship this year on 18 July. It was a truly wonderful ceremony. Spending time with you, your family and close friends to celebrate you and your contribution to LSE was one of the highlights of the year. Your speech highlighted the importance of education in the lives of young people and your example demonstrated a commitment to excellence, diversity and inclusion, which we hope all our alumni aspire to emulate. Congratulations, again, on your award!

In closing, I would like to reflect on the graduation of the first cohort of Uggla Family Scholars, and the actualisation of what will become a lifelong network of alumni scholars. The graduation of the ten inaugural Scholars represented an important and poignant milestone for the Programme, as we witnessed the culmination of their three years at LSE. Their hard work, and the support of the community surrounding them brought this moment to fruition, providing evidence that this type of comprehensive approach can change lives. We at LSE intend to maintain this holistic approach in perpetuity as we continue this partnership with the Uggla Family Foundation. These Scholars will always be part of LSE as alumni, but as a result of your vision, the sky is the limit for how high they will fly.

Thank you, once again.

Professor Larry Kramer President & Vice-Chancellor London School of Economics & Political Science

Shaping the world 3

Uggla Family Scholars Programme – Annual Report 2024

Executive summary

In the third year of the Uggla Family Scholars Programme, a major milestone was reached with the graduation of the first ten Uggla Family Scholars from LSE. This moment was marked by a memorable celebration of this partnership with the conferring of an Honorary Fellowship on Mr. Lance Uggla. This momentum will be the foundation for the Programme’s continued success for years to come.

Through the course of the 2023/24 academic year, the Programme team have worked closely with the Uggla Family Foundation to ensure the delivery of our development objectives agreed and set out in last year’s report, including enhancements and additions to our recruitment and marketing strategy. A qualitative evaluation study was also conducted within the Eden Centre, the aim of which was to learn from the Uggla Family Scholars themselves about their perspective on the Programme’s impact and key strengths, in addition to identifying any areas for greater exploration and improvement. LSE remains wholly committed to delivering a world-class scholarship programme in partnership with the Uggla Family Foundation, and the evaluation’s findings indicate that we are making strong progress towards this goal.

In this report we are pleased to share:

Shaping the world 4

Uggla Family Scholars Programme – Annual Report 2024

Ahead of the new academic year, with a new cohort of scholars set to begin their LSE journey, and the first Uggla Family Scholars joining the LSE alumni community, the Programme will continue its evolution into a connected and supportive global network of past and current students. This will help the Programme to remain the standard-bearer for scholarship initiatives at LSE and across the UK, and we are excited to be entering this new chapter of our partnership.

We hope that you enjoy reading this report, and that you find it illuminating and illustrative of the Uggla Family Scholars Programme’s continued impact on its beneficiaries, as well as a useful summary of the remarkably broad and diverse activity carried out in your vision during the 2023/24 academic year. Thank you, once again.

This map illustrates the global reach and impact of the Uggla Family Scholars Programme at LSE, with scholars from the first three cohorts – 2021/22 to 2023/24 – joining the School from ten separate countries, with each represented country highlighted in red.

Shaping the world 5

Uggla Family Scholars Programme – Annual Report 2024

Meet the 2023/24 Uggla Family Scholars

In the 2023/24 academic year we were delighted to welcome the third cohort of Uggla Family Scholars. We are pleased to provide a short introduction to the Scholars and their personal interests.

Antonia Drummond

Programme of study

BSc Geography with Economics

Interests

Antonia has a wide range of interests, in particular digital entrepreneurship and fashion.

Ateeq Khaliq

Programme of study

BSc Economic History

Interests

Growing up and working in Middlesbrough, Ateeq is acutely aware of the effects of economic stagnation. His main aim is to use finance to decrease societal inequality, by working in private equity to support educational initiatives or community development projects that bridge regional disparities.

Shaping the world 6

Uggla Family Scholars Programme – Annual Report 2024

Cici Tang

Programme of study

BSc Mathematics, Statistics, and Business

Interests

Cici lived in a number of different places, including Canada prior to joining LSE, and this has fueled her passion for breaking gender stereotypes and advocating for equal rights.

Emily Sweetman

Programme of study

LLB Laws

Interests

Emily has transitioned from a successful fashion and editorial hairdressing career, and is delighted to be pursuing her passion for law and justice.

Francisco Cigarro Junior

Programme of study

BSc Politics and International Relations

Interests

Francisco is particularly interested in international politics with a focus on Sub-Saharan Africa. He is the founder of the Politik with Cisco podcast which digs deep into the impact of political events on SubSaharan African countries’ socio-economic landscapes.

Shaping the world 7

Uggla Family Scholars Programme – Annual Report 2024

Ibrahim Kalam

Programme of study

BSc Mathematics and Economics

Interests

Ibrahim’s interests are in sales and trading, private equity and asset management. He is actively seeking to augment his knowledge of these areas by building commercial awareness and pursuing various insight programs.

Isabella Jack

Programme of study

LLB Laws

Interests

Isabella has aspirations of working in a commercial law firm. She aims to gain further experience in the sector and surrounding sectors.

Jia Ren Tan

Programme of study

BSc Economics

Interests

Jia Ren is enthusiastic about exploring opportunities in the banking and finance sector, with a particular focus on green finance, to contribute to a more sustainable world.

Shaping the world 8

Uggla Family Scholars Programme – Annual Report 2024

Jonathan Aloysius

Programme of study

BSc Economics

Interests

Jonathan is originally from East London. He is interested in pursuing a career within the finance sector, with a particular focus on investment banking.

Niamh Smith

Programme of study

LLB Laws

Interests

Through work experience at Silver Circle and international commercial law firms during her gap year, as well as working for multiple sustainability start-ups, Niamh advanced her interest in exploring careers that combine both commercial awareness and legal skills at their foundation. She has an intrinsic passion for promoting equality and safety for women, and her proactive volunteering experience reflects this.

Lance Uggla with the third cohort of Uggla Family ~~Scholars~~ ~~S~~ haping the world 9 at the Welcome Coffee Shaping the world 9 Morning in September 2023

Uggla Family Scholars Programme – Annual Report 2024

A day to remember – an Honorary Fellowship for Lance Uggla

On Thursday 18 July, LSE conferred Honorary Fellowship on Lance Uggla for his extraordinary philanthropy and commitment to widening participation and social mobility.

LSE hosted a special event to confer the honorary award during a week when the Uggla Family Scholars Programme reached an historic milestone as the first cohort of ten Uggla Family Scholars graduated after three years of undergraduate study at the School. The audience was filled with Scholars of the Programme, including those who were graduating and their proud families.

During the ceremony, Aleesha Bruce, one of the graduating Uggla Family Scholars, shared how the Programme has impacted her life and reflected on the legacy of the Programme for future generations to come.

Aleesha shared: “I would like to thank Lance for making everything possible. Not only did you help my dreams come true, but also all the other Uggla Scholars in this room. Coming from our backgrounds, where we have all beat many statistical odds to get in to this room, whether that’s coming from an ethnic minority or working class background or being the first in our family to go to university...Lance, you are one of the most genuine people I have ever met and it has been an honour being one of your scholars.”

Commenting on the award and Lance’s extraordinary support to the School, LSE President and Vice-Chancellor Professor Kramer said: “Lance’s commitment to widening participation and social mobility is exemplified by his decision to establish the Uggla Family Scholars Programme and provide exceptional support to exceptional students from underrepresented backgrounds. The impact of this Programme, established in perpetuity, cannot be overstated.”

“Education is key to our planet’s future. As the saying goes: ‘Give a man a fish, and he will be hungry again tomorrow. Teach him to catch a fish, and he will be richer all his life.’ And those very simple reflections have inspired this the Uggla Family Scholars Programme. It’s a programme with education at its heart but given not as a gift, but in partnership.”

Lance Uggla

Lance Uggla delivers a speech at his Honorary Fellowship Ceremony on 18 July 2024. More images from this wonderful occasion and milestone for the Uggla Family Scholars Programme can be found on pages 18 & 19 of this report.

Shaping the world 10

Uggla Family Scholars Programme – Annual Report 2024

Review of the Programme recruitment and marketing strategy

Interest in the Uggla Family Scholars Programme grew exponentially with the tremendous impact of LSE’s Recruitment & Marketing Team. In 2023/24, the LSE Student Marketing and Recruitment team continued to employ an extensive range of approaches to promote the Programme, including the following:

RECRUITMENT Recruitment Multiple individual campus tours led by current LSE students, including Uggla Family Scholars campus tours

Several campus tours and presentations for school pupils Inbound and college students highlighting the Programme visits

An annual 2024 LSE Offer Holders’ Day Event where promotion of the Programme included: 1. Current Uggla Family Scholars speaking as Student Ambassadors throughout the day; Offer holder 2. A ‘Student life at LSE’ panel with Uggla Family Scholar events Ateeq serving as one of the panellists, in which he shared his experience of being an LSE student and a Scholar; 3. A Financial Support Office (FSO) Information Stand where Uggla Family Scholars promoted the Programme alongside members of the FSO team.

Webinars to provide LSE offer holders with information on a range of topics to prepare students for their arrival Online and study at LSE, including sessions to promote the of Destination the Programme with Scholar speakers Arifuzzaman LSE webinars Choudhury and Jia Ren Tan as panellists

Online LSE Discovery Fortnightly sessions for prospective undergraduate sessions students across the globe highlighting the Programme

All undergraduate webinars highlighted the Programme LSE for prospective students, with recordings from previous webinars presentations being made available online

Overseas visits and In-person international activity included school online sessions visits, higher education fairs and meetings, where the Programme was consistently promoted for overseas students

Shaping the world 11

Uggla Family Scholars Programme – Annual Report 2024

Two Open Days in 2024 for prospective undergraduate students, where promotion of the Programme included:

1. Current Uggla Family Scholars promoted the Programme as Student Ambassadors and Campus Stewards during the day;

Open Days

2. ‘Student life at LSE’ panel – Uggla Family Scholars Ateeq and Arif were panellists sharing their experience of being an LSE student and the Programme;

3. Financial Support Office (FSO) Information Stand where Uggla Family Scholars promoted the Programme alongside members of the FSO team.

Attended UCAS fairs for prospective students. Conducted school visits across the UK with LSE staff & students, sixth form HE fairs and more to promote LSE. Uggla Family Scholars also took part in five UK outbound visits UK school to promote the Programme and share their experiences, visits including two visits by Scholars visiting their previous schools (Arifuzzaman and Jonathan Aloysius).

Dedicated webpages featuring recordings from in-person Virtual Open Open Days and Offer Holders’ Day talks for prospective Day and Offer students across the globe to access, with content on Holders’ Day financial support, including details of the Programme, as events and well as links to the Programme website webpages

MARKETING

Emails on different topics related to studying at and applying to LSE included promotion of the Programme. Email Campaigns for prospective students (all students, campaigns UK-specific, international-specific and Canadaspecific), parents/carers and teachers/schools (UK and international, including Canada-specific) and offer holders (all offer holders, including Canada-specific).

Organic posts on X (Twitter), Facebook, Instagram Social media (including Instagram Reels by Student Content Creators) campaigns and paid posts on Facebook aimed at the target audience

Dedicated Programme webpages

Web content General promotion across LSE website and external undergraduate website listings

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Uggla Family Scholars Programme – Annual Report 2024

Vlogs, blogs, student panels, profiles and more created by Uggla Family Scholars for use in Programme promotion across digital and print platforms, including:

Videos created during 2023/24:

Video

Lance, Riley and Kendall Uggla, Will Meldrum, Professor Larry Kramer, Ikenna Acholonu and members of the 2024 graduating cohort of Uggla Family scholars at Lance’s Honorary Fellowship Ceremony

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Uggla Family Scholars Programme – Annual Report 2024

Key achievements: a look at the graduating scholars

This year the greatest achievement of the Uggla Family Scholars Programme was the graduation of our first ten Scholars. This pivotal moment evidenced that our bespoke approach to the Programme and how we guide and support our scholars is working, and we are excited to share a range of highlights from our graduating cohort. Nearly every scholar graduated with a mark of 2:1 and above. Below is a description of the steps that all ten scholars have taken to excel in their careers after LSE. Ongoing coaching and career support for our alumni will ensure that every scholar starts this next chapter on a positive trajectory.

Sarah Ali

After graduating from her degree in Anthropology, Sarah is interested in potentially continuing her academic career with a post-graduate degree. Her interests continue to be in human rights, social justice, and climate change, and she hopes to work in these areas throughout her career.

Aleesha Bruce

Aleesha secured a graduate consulting contract with Oliver Wyman. She intends to do this while continuing to expand her YouTube channel that focuses on connecting students to university and other educational opportunities.

Nivin Cassidy

Nivin enjoyed her time learning about different political systems both locally and globally while at LSE. She continues to consider working in fields that focus on improved governance and increased inclusion for those with disability. She also is interested in the relationship between the public and the private sector, to improve the lives of citizens.

Arifuzzaman Choudhury

Arif secured a graduate contract with JP Morgan and will be starting his role directly after graduation.

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Uggla Family Scholars Programme – Annual Report 2024

Samiha Chowdhury

Samiha finished her law degree having already secured a contract with top law firm, Clifford Chance. She will begin her training as a solicitor in the next year.

Klevisa Ferizolli

During her time at LSE, Klevisa explored the dynamics of different businesses, from finance to fashion. But she maintained her interest in international history and politics as the Co-Founder and President of the Albania Society. She hopes to explore ways to provide economic empowerment for communities in the UK and abroad.

Raza Hussain

Following completing his degree in Actuarial Sciences, Raza secured a Graduate Role at Hiscox, a global insurance company listed on the London Stock Exchange.

Abdirahman Jeyte

During his time at LSE, Abdirahman, or Jeyte as he is usually called, secured competitive internships at S&P Global and Ofcom, preparing him with skills to succeed in business. Following graduation, Jeyte traveled to Egypt to participate in comprehensive coursework in Arabic, and continues to have interest in businesses working in the MENA region.

Samuel Mathison

While at LSE, Sam participated in research internships as well as spent time teaching English in China. Following graduation, Sam spent another 2 months traveling different cities across China. His interest in politics, governance, and the ways of life in Chinese societies drive his desire to return to the region in the near future.

Mahnoor Murad-Khan

Mahnoor graduated with honors from the department of Sociology. After receiving a First in her dissertation, she received the Hobhouse Memorial Prize. These prizes have traditionally been given to the highest performing student in each year and the highest performing student in SO302

The Sociological Dissertation.

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Uggla Family Scholars Programme – Annual Report 2024

Our learnings and evaluation of the Programme

Through the Programme Evaluation process, we learned that the informal coaching and support provided by the Programme is key to Scholar success.

The Uggla Family Scholar Programme evaluation was a qualitative study based on indepth anonymous interviews with current scholars to gather detailed insights. A total of ten students from all three cohorts were interviewed. This data was supplemented with existing survey data and secondary information available from the School.

Key findings

Student experience at LSE

Students expressed positive responses regarding their time at LSE. When discussing their academic ambitions and interests, the students displayed a clear understanding of why they applied to study at the LSE.

Programme structure

There was a unanimous agreement amongst the scholars on the significance of the Programme in supporting their academic life at the LSE.

Career support

The students describe the Scholarship as being instrumental in getting summer internships. They highlight the network that the Programme creates and the Uggla Family Foundation as a vital tool when searching for professional opportunities.

Scholar workshops and support

Many students highlighted that the events, workshops and networking opportunities provided by the Scholarship are among the most valuable of its benefits. These activities teach Scholars about available resources, professional conduct and building networks for their future. Furthermore, the support of Programme staff and Foundation representatives like Will Meldrum were often highlighted as the key to success for the students. Not only does the Foundation provide professional guidance like CV and cover letter reviews, but students also often speak about their pastoral support that gives them the confidence to succeed in these professional spaces.

Community building

Students see themselves as Uggla Family Scholars first, rather than having distinct cohort identities or even as LSE students. Students spoke about developing close relationships with other scholars across cohorts, facilitated through scholarship events and shared activities, interests and communities at the School.

Peer mentorship programme

The peer mentorship programme is a key component of the Programme, playing a vital role in fostering connections across the different cohorts. Students appreciated the peer mentorship programme as a space for knowledge exchange across the cohorts, often exchanging knowledge on career opportunities and general advice around academia.

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Uggla Family Scholars Programme – Annual Report 2024

Time with the Uggla Family Foundation

Personal interactions with key figures, like Will Meldrum, Lance Uggla and other Uggla family members, as well as Dr Grace Lordan from LSE are highly valued by scholars and significantly contribute to their professional growth. Therefore, maintaining a high level of hands-on support in the first year is essential for maximising the scholarship’s impact.

Key Growth Areas

Interruption of studies

There is some work to do on ironing out processes related to students who decide to interrupt their studies. Two scholars have interrupted their studies so far, and LSE is working to ensure that students are supported upon their return to their studies from their Departments and by the Uggla Family Scholar community. These situations have been addressed on a case by case basis based on the specific needs of each student and will continue to be moving forward

Culture of LSE

Students had trouble adapting to the competitive culture of LSE. When describing the academic and social culture of the university, students pointed out that LSE is a much smaller and more niche university in comparison to some other universities in the UK. Student culture at LSE is defined by its competitive nature by many of the students. This often relates to their early experience of the university, and the culture of students seeking internships, spring weeks and graduate schemes. While this approach was effective for some scholars, others felt they were pressured to take on these definitions of success.

Settling in London

Students coming from outside London often find it difficult to settle in London. This partially relates to rising costs of living in the city, where students find it increasingly difficult to find affordable accommodation. Offerings at LSE residences help students to secure housing. This has been particularly helpful for international students who reported challenges in their visa application delaying the start of their university life. Reserved accommodation ensured that they would have a place to live in a community of their peers. We hope to continue to improve and expand this offering.

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Lance Uggla meets with Uggla Family Scholars at
the Welcome Coffee Morning in September 2023
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Uggla Family Scholars Programme – Annual Report 2024

Plans for the future

Planning for next year and the future of the programme is fully under way. Elements are listed below and will be shaped further in conversation with the Uggla Family Foundation.

Building an Alumni Network

With the LSE Alumni Engagement team, Scholars will continue to have access to resources at LSE, such as the Alumni Centre, the LSE Library, LSE Careers services, in addition to other alumni services, like the AI powered ‘Ask an Alum’ portal. Scholars will continue to be engaged informally by the Programme Manager and invited to social events. Each graduated scholar will also continue to be matched with current students as peer mentors to support the Programme and its future graduates. They will also continue to be invited to workshops to share their experiences as well as social events.

Increased professional development and career support

Along with peer mentorship there will be increased opportunities with LSE Careers. Scholars will be supported in their career journeys with an increased number of workshops and more access to individual bespoke sessions. There will also be improvements made to the LSE Summer Internship Programme to make applying for opportunities much simpler and more efficient. This will decrease the number of steps Scholars will need to take to participate in the Programme and to be matched with employers they are interested in

Strengthening our partnership

We look forward to expanding and strengthening our relationship with the Uggla Family Foundation through both the Programme and Lance Uggla’s role as LSE Shaping the World Campaign Co-Chair. Following your feedback, work will be done to give all Uggla Family Foundation stakeholders access to one-to-one time with Scholars, building from the group networking events. This will be coordinated and communicated by the Programme Manager.

Will Meldrum hosting U Shaping the world 18 ~~ggla Family~~ Scholars at his home

Uggla Family Scholars Programme – Annual Report 2024

Honorary Fellowship Ceremony and Scholar Graduation – July 2024

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Uggla Family Scholars Programme – Annual Report 2024

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Uggla Family Scholars Programme – Annual Report 2024

Welcome Coffee Morning – September 2023

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Uggla Family Scholars Programme – Annual Report 2024

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Uggla Family Scholars Programme – Annual Report 2024

Appendix 1: marketing and recruitment performance data

In the 2023-24 academic year, LSE admissions received about 28,000 applications. This increase in undergraduate applications is due in part to the promotion of the Uggla Family Scholars Programme, the performance of which is illustrated below.

Over 22,000 Across unique views 2023/24...

across Programme web content

Over 4,500 Over 900 attendees attendees

to Undergraduate Open Days in April and July 2024

across 33 campus tours

800%

Over 100 UK events

increase

including UCAS Fairs, inbound visits, and UK outbounds

in applications from schools visited by Uggla Family Scholars

Over 4,000 offer holders

Over 130 views

received email on financial support and the Programme

of pre-arrival email content from 2023 scholar cohort

50% of Uggla Family Scholars

Over 40

engaging with Student Recruitment and Study Abroad promotional and recruitment activity

international cities visited

Over 28,000 page views

across Programme web content

Over 300 attendees

across 17 Undergraduate Discovery sessions

Continued increase

in engagement with Programme-related social media content

Over 600 clicks

on Programme content from 2023 offer holder email

112

Undergraduate public information sessions, school visits and fairs delivered

Shaping the world 23

Uggla Family Scholars Programme – Annual Report 2024

During 2023/24, the Student Recruitment and Study Abroad team also achieved the future promotion plans outlined in last year’s report:

Future plans from
2022/23 report		 Status in 2023/24 Details
Increase the number of
Uggla Family Scholars
who are Student Content
Creators to create more
digital promotion of the
Programme.		 Revised and
achieved		 While the total number of
SSCs stayed the same this
year, SRSA signifcantly
increased the quantity of
content they produced,
resulting in increased
engagement with the
content.
Produce more budgeting
and money management
content for the 2023
incoming Scholars.		 Achieved The pre-arrival campaign
included content dedicated
to budgeting and money
management.
Provide more transitional
support/content for
overseas Scholars as part
of the pre-arrival support
for the 2023 incoming
Scholars.		 Achieved Overseas Scholars were
signposted to relevant and
tailored information in the
pre-arrival campaign.
Utilise more Uggla Family
Scholars in Student
Recruitment and Study
Abroad UK school visits.		 Achieved There was an 800%
increase in applications
from schools visited by
Uggla Family Scholars.

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Lance Uggla with the first cohort of Uggla Family
Scholars at the Welcome Coffee Morning
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Uggla Family Scholars Programme – Annual Report 2024

Appendix 2: developing a world-class scholarship programme

Programme overview

The Uggla Family Scholars Programme is guided by five values:

Gaining a global perspective Learning how Making a to lead difference inclusively in through civic society engagement

Striving for academic excellence

Giving and receiving peer support

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Uggla Family Scholars Programme – Annual Report 2024

These values are delivered through three major components of the Programme:

Along with the programmatic aspect, the Scholarship also provides funds for residences and living stipends. Scholars are given a choice of whether to live in LSE housing or secure their own accommodation.

Programme staff

Academic Mentor – Dr Grace Lordan

Uggla Family Scholars benefit from a range of support, including academic mentorship from staff across the School.

The Programme, in collaboration with the Inclusion Initiative at LSE, offers support to each scholar by creating a plan to ensure their academic success. Dr Grace Lordan, Founding Director of The Inclusion Initiative and Associate Professor in the Department of Psychological and Behavioural Science, provides academic and career mentorship to scholars, both as a cohort and individually. With her support, five internships for the Scholars have been secured in collaboration with The Inclusion Initiative at LSE.

Programme Manager – Ikenna Acholonu

The Programme Manager establishes its structure, manages resources and stakeholders across the School, organises workshops and seminars, provides individual coaching for Scholars, and is the main point of contact for the Uggla family.

Ikenna is a professional programme and project manager, with more than ten years’ experience developing and facilitating programmes specifically within the education sector.

Programme Outreach Coordinator – Syeda Nazia Taznim

This year the Uggla Family Scholars team at LSE grew to include a key member placed in LSE’s Student Marketing and Recruitment Division who is responsible for delivering impactful and innovative ways to promote the Programme to prospective students in the UK and overseas. Extensive work has been done to promote the Programme which has already raised its profile.

Nazia has been a part of the LSE community for a number of years including as an undergraduate student, and she uses her experience as a student to plan the most effective ways to reach prospective students through including social media, newsletters, videos, virtual events and undergraduate open days.

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Thank you

Thank you

Please allow us to extend our thanks once again to Lance, the Uggla family, Will Meldrum and all at the Uggla Family Foundation for their continued generosity, support and guiding vision. Your enduring drive and passion for the Uggla Family Scholars Programme continues to inspire us all at LSE, and we are incredibly proud to work so closely with you and to help realise your philanthropic ambitions.

From the breadth of its international reach – with Uggla Family Scholars in the first three cohorts joining LSE from ten different countries – to the extraordinary time and dedication offered to Scholars and Programme development by all at the Foundation, there is so much that makes the Uggla Family Scholars Programme unique, and that we are thrilled to celebrate in this report.

Ben Plummer-Powell

Chief Philanthropy and Global Engagement Officer b.plummer-powell@lse.ac.uk

During the Programme’s first three years, we have also seen the beginnings of the lifelong connection shared by the Scholars themselves. The Eden Centre evaluation reveals that many scholars see themselves as “Uggla Family Scholars” first. This is a testament to the warm environment and supportive community created by all involved with the Programme, and an inspiring endorsement of the work that has been put in to ensure Scholars are given the best possible opportunities to realise their potential, in addition to having a rich and rewarding experience of studying at LSE.

Thank you, once again, for your support during the past year.

Aoife Jones

Head of Philanthropy a.p.jones@lse.ac.uk

Ikenna Acholonu

Uggla Family Scholars Programme Manager i.acholonu@lse.ac.uk

Philanthropy and Global Engagement Division London School of Economics and Political Science Houghton Street London WC2A 2AE

The School seeks to ensure that people are treated equitably, regardless of age, disability, race, nationality, ethnic or national origin, gender, religion, sexual orientation or personal circumstances.

The London School of Economics and Political Science is a School of the University of London. It is a charity and is incorporated in England as a company limited by guarantee under the Companies Acts (Reg no 70527).

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AN IMPACT REPORT ON THE UGGLA FAMILY SCHOLARSHIP PROGRAM AT SFU

August 2024

Message from the president

The 2024-25 academic year is upon us and we’re eagerly preparing to welcome thousands of new students this September—including the latest cohort of Uggla Family Scholarship recipients. At this time of year especially, the inspiring impact of visionary leaders like the Uggla family is highlighted in the enthusiastic faces of students embarking on their SFU journey.

While the newest members of the Uggla Family Scholarship Program arrive inspired to learn and adapt to university life, the senior scholars are taking on dynamic internships and other experiential learning opportunities, and leading on mentorship and club initiatives. The Uggla Family Scholars’ presence, interaction with each other, and their involvement in campus life enriches our community in countless ways—all of which is possible through your transformative investment.

As SFU continues to grow as an institution, we remain steadfast in our mission to providing students with the skills and knowledge to adapt, succeed, and thrive in our rapidly changing world.

The Uggla Family Scholarship Program at SFU demonstrates our shared commitment to promoting access and equality for all students. Together, we are not only breaking barriers for individual students, we are creating a lasting legacy for future generations.

Lance and family, we deeply appreciate working with you to nurture these young leaders and forge equitable pathways to higher education through the Uggla Family Scholarship Program. Thank you for your ongoing partnership and engagement with SFU and all you do to shape a brighter world.

Joy Johnson

PRESIDENT AND VICE-CHANCELLOR, SIMON FRASER UNIVERSITY

UGGLA FAMILY SCHOLARSHIP PROGRAM Impact Report 2024

OPENING DOORS FOR TOMORROW’S CHANGEMAKERS

We are proud to share the tremendous impact you are making through your remarkable commitment to the Uggla Family Scholarship Program at SFU.

Within the pages ahead, the 2023-24 scholar profiles, student experience highlights, and recruitment metrics on the Uggla Family Scholarship Program attest to the profound impact you are making on our community.

While the program’s inaugural scholars are maturing and readying themselves to enter the workforce, collectively the scholars have amassed a great deal of experience across disciplines. Several have completed internships or are embarking on studies abroad; many have earned academic distinction and made the Dean’s or President’s Honour Rolls during their studies.

Thank you once again for your exceptional dedication and commitment to making higher education more accessible and attainable—and for your continued partnership with SFU as we work to advance an inclusive and sustainable future.

It is SFU’s immense privilege and honour to partner with you, Lance and family. With your inspiring vision and generosity, you are fueling the passion of future leaders. Your faith in their potential helps propel them forward as they gain knowledge and experience, and as they explore ideas and innovations for a better world.

With your exceptional commitment to supporting the Uggla Family Scholarship community at SFU and within the London School of Economics, you are fostering a truly global and lasting, positive impact. Thank you!

Dilson Etcheverry Rassier

SFU PROVOST AND VICE-PRESIDENT ACADEMIC

3 3

UGGLA FAMILY SCHOLARSHIP PROGRAM

2023-24 SCHOLAR PROFILES

I am sincerely grateful for the opportunity to pursue my academic goals with greater focus and dedication.

Shahd Alhaj Ali

The Uggla Family Scholarship has made a profound difference in my university experience. Support from the scholarship has enabled me to live on campus, eliminating the long commute, and giving me more time to focus on my studies and participate in extracurriculars. I’ve enjoyed engaging in a variety of assignments, courses, and clubs. In addition to participating in the Residence Hall Association extracurricular activities, I joined the Muslim Student’s Association. Academically, I especially liked completing chemistry labs. I have also learned a lot from Bernard and Helena as well as the professors and teaching assistants who have inspired me and broadened my perspective on global issues.

In my second year, I am looking forward to participating in more activities on campus. I am also very excited at the chance to work and volunteer for different organizations both on and off campus to get the experience and help others as much as I can.

I am sincerely grateful for the opportunity to pursue my academic goals with greater focus and dedication. Thank you to Lance and the Uggla family for investing in my future and the futures of countless other students like me. Your generosity will have a lasting impact, and I am inspired to pay it forward and make a positive difference in the world.

UGGLA FAMILY SCHOLARSHIP PROGRAM

Impact Report 2024

Thank you to Lance and the family for your support and mentorship!

Tavia Azad

The Uggla Family Scholarship has truly enabled my education, as I would not have been able to afford post-secondary studies otherwise. As a survivor of domestic violence and abuse, this scholarship has significantly impacted my well-being. It has helped me to begin building my future without financial burden and introduced me to a wonderful community of support (from the Uggla family and the SFU staff and students). Thank you to Lance and the family for your support and mentorship so far! I’d also like to thank Will for our wonderful conversations when we met.

I chose to attend SFU as I was passionate about joining the Political Science and Women Studies joint major offered here. I was also very enamored with the architecture and surrounding nature of the campus itself. This year, I’ve been particularly invested in activism. In addition to being the executive director of the Vancouver International Women’s Day March, I was also involved in a local art project attempting to explore feminine rage. As for academics, my current favorite course is “Critical Disability Studies”, and the topics of study, structure of the class, and a close-knit group of students have made it a thoroughly enjoyable experience.

Next year, in addition to taking on a new slate of courses, I’m really looking forward to continuing my advocacy work.

Thank you, Lance, the Uggla family and Will for making this experience possible for me.

Titiana Boima

I never thought I would be able to live in residence or fully immerse myself in my university experience. However, the Uggla Family Scholarship Program has given me the most incredible opportunity to commit myself to my learning without constant financial worry. Thank you, Lance, the Uggla family and Will for making this experience possible for me.

I was drawn to attend SFU specifically because of this amazing program. So far, the experience has been a bit of an adjustment, however I’ve also had amazing support from Bernard and Helena to get me through it. I really enjoyed English 111 with Professor Jon Smith and had an amazing Teaching Assistant, Belle, who really encouraged me. The positive experience has encouraged me to consider a major in English!

During my second year, I’m really looking forward to living on the same floor as my friends, meeting the newest batch of scholars and discovering what else SFU has to offer. On the academic side of things, I am excited to take a course in African history and get more involved with the Students of Caribbean and African Ancestry.

5

5

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Receiving this
scholarship has granted
me genuine independence and
control over how I live my life,
and for that I am deeply grateful.
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Ashaan Brooks

When I accepted the Uggla Family Scholarship for SFU in April 2023, I didn’t realize the magnitude of the impact it would have on my life. This scholarship has allowed me to focus on my studies, while participating fully in activities and experiences that are meaningful to me. For example, I’ve been able to advance to a level where I can play clarinet in the SFU Concert Band. Also, this winter I joined my friends and tried downhill skiing for the first time—something I always wanted to do but opted not to because I was afraid of the cost. In essence, receiving this scholarship has granted me genuine independence and control over how I live my life, and for that I am deeply grateful.

I came to SFU interested in focusing on Health Sciences. It’s been very eye-opening to take an elective class in Critical Disability Studies, and I appreciate the overlap it has had with learning in my health sciences courses. It’s given me a dual lens with which to view the medical system, and it’s shaping the way I move through my academic and professional career.

During my second year, I’m thrilled to have the opportunity to travel on exchange to the Netherlands in Spring 2025. Although I haven’t made a final decision, I think it could be an exciting opportunity to meet new people and experience a different cultural and learning environment. I’m also looking forward to getting involved in Chemistry or Molecular Biology and Biochemistry research labs in my second year.

Thank you, Lance and family, for investing in the education of my generation. I am so grateful to be able to enjoy the experience of learning to its fullest. Most of all, thank you for believing in me and my aspirations to change the world.

UGGLA FAMILY SCHOLARSHIP PROGRAM

Impact Report 2024

Your support has made such a difference in my life and my family’s life, and I am deeply grateful to be able to focus on my learning and start achieving my goals.

Tyra Gunara

The Uggla Family Scholarship program has made a significant impact on my life. Beyond eliminating financial stress, it allows me to live on campus and gives me the opportunity to socialize, network and connect with so many people. Overall, receiving this scholarship has profoundly improved my university experience in ways I never thought possible.

So far, I have loved being a part of the SFU Women’s Soccer Team. The coaching staff are amazing and I just love being around my team. We achieved so much this past season and it is exciting to look forward to continuing that in the fall. Joining the Student-Athlete Advisory Council in January, I also joined the SFU Jazz Band which has been a great experience—with so many amazing musicians, it is lots of fun to forget about everything and jam out with everyone for a couple of hours. My favorite course so far has been Introduction to Biomedical Physiology and Kinesiology, specifically the lab component of the course, where I really enjoyed conducting a VO2 Max test and a submaximal test on my classmates.

Next year I am looking to take BPK 143 Exercise: Health and Performance and BPK 241 Sports Injuries - Prevention and Rehabilitation. These courses are the most interesting and exciting to me. I look forward to the labs where it’s going through fitness tests and learning how to tape injuries!

Thank you so much for funding this scholarship, Lance and family. Your support has made such a difference in my life and my family’s life, and I am deeply grateful to be able to focus on my learning and start achieving my goals. I also want to personally thank you for the opportunity of an internship at York City F.C. When the time is right, and I’ve taken more kinesiology courses I would love to take up the offer if it is still available.

7

7

Overall, this scholarship has helped me to grow significantly, boosting my confidence, selfesteem and positively impacting my overall well-being.

Joshua Liu

It has been a blessing to be a part of the Uggla Family Scholarship Program. Growing up with a single parent battling illness, I never imagined I would have the chance to experience university in this way—living on campus and wholly immersing and dedicating myself to my learning.

Living in residence at SFU has been transformative, memorable, and rewarding. I appreciate having ample time to study, rest and pursue extracurricular activities and have even begun volunteering at a local pharmacy. Also, having a community of supportive people around me as part of the program, I’ve gained so much knowledge and many insights during my first year. I feel so fortunate to have Bernard as the scholarship manager, who has created a safe space for us scholars, facilitating regular check-ins and mentorship—having the whole group of senior and junior scholars has honestly made me feel as though I have a family at SFU.

For my second year, in addition to researching potential co-op opportunities and possibly becoming a mentor to incoming scholars, I’m excited to take anatomy and molecular biology courses and perhaps courses in economics or financial accounting. For extracurriculars, I’d like to enrol in the Toastmasters and UNICEF clubs, and hopefully join a band as I’ve played piano since I was four years old and would love to return to this passion.

Overall, this scholarship has helped me to grow significantly, boosting my confidence, self-esteem and positively impacting my overall well-being. I feel mentally stronger and ready to tackle any obstacles that may come my way. I would like to express my deepest gratitude towards Lance, the Uggla family, and everyone who is involved with the program, whose support has allowed me to experience so much joy and many positive moments.

UGGLA FAMILY SCHOLARSHIP PROGRAM

Impact Report 2024

Thank you for everything, Lance and family— for believing in me and my future and for inspiring us all to strive for our dreams.

Stephanie Slen

Being a part of the Uggla Family Scholarship Program has changed my life. Growing up in Vancouver’s Downtown Eastside as a part of a low-income family, I faced no shortage of adversity, raising three siblings and supporting my family while my mother struggled with mental health issues. Despite this, I knew my way out was to pursue education and support my community.

Throughout high school I ran multiple clubs, ran a nonprofit, and became student council president; I also ran nine half marathons and one full marathon all while staying on the principal’s honours list. I’ve always felt I was meant for something bigger in life and becoming an Uggla Family Scholarship recipient has been incredible affirmation! Because of the education and housing security this scholarship provides, I have been more motivated and determined than ever to reach my dreams of becoming a lawyer, one who practices and creates positive change in the system.

My first academic year has been exciting! I love learning about the criminal justice system, our political system and international relations. I am pleasantly surprised that I am loving university math! The weekly Uggla Family Scholarship meetings have been very useful. Bernard and Helena are helping us become the best versions of ourselves to succeed academically.

I am really looking forward to my second year! This spring, I was accepted to an exchange program to learn French at the University of Quebec and I plan to continue to take French next year while joining more clubs related to law and social justice. I also want to continue running my non-profit, Nurtured Youth Community, which helps youth across Canada with their mental health.

Thank you for everything, Lance and family— for believing in me and my future and for inspiring us all to strive for our dreams.

9

9

I am eternally grateful to Lance and the Uggla family for helping me on my learning journey at SFU! I am so excited to keep going and make you proud.

This scholarship has without a doubt improved my university experience—I am incredibly grateful to the Uggla family for their generosity and support for this program.

Kaliyah States

I feel incredibly blessed to be one of the Uggla Family Scholars. I think the other students would agree that the ability to receive a post-secondary education unburdened by financial instability has been extremely beneficial. Additionally, the community that has been formed around the scholarship has offered a great deal of greatly appreciated support. In completing my first year at Simon Fraser University, I have learned to make strong connections with both peers and professors; allowing me to build a personal network and create long lasting relationships with local artists in my field.

As I approach my second year of the dance program, I am excited to continue my research in integrating a sense of expression of Indigeneity into contemporary dance. I am also looking forward to testing the waters in more courses, such as fine arts, as well as potentially pursuing a minor in Indigenous studies.

I am eternally grateful to Lance and the Uggla family for helping me on my learning journey at SFU! I am so excited to keep going and make you proud. Thank you so much for your support!

James Stewart

Receiving the Uggla Family Scholarship has impacted my life immensely, making it possible for me to attend university and build experiences that I wouldn’t otherwise be able to have. I have been able to make new friends, experience living on campus, and benefit from the terrific mentorship the program offers. This scholarship has without a doubt improved my university experience—I am incredibly grateful to the Uggla family for their generosity and support for this program.

SFU was always on my radar when I was younger, as I had wrestling and football events on the campus. I remember being amazed by how big the school was and wondering how anyone could navigate it—and now I have spent the last year doing just that!

Although my social life was a bit slow during my first semester, I made the decision to join a fraternity during my second semester and this was a great decision for me. My social life is very active now and it’s had a positive impact on my grades as I’ve made new friends to study with. In the fall, my favourite class was discrete math, which was also my hardest course—it taught me a lot about what being a good student requires: keeping up with studies, attending every class, and taking care of your mental health.

Next semester, I am looking forward to a full schedule of classes, activities, and becoming more active in the fraternity. I will also be taking harder courses throughout the year, which is intimidating, however I look forward to challenging myself at the same time!

UGGLA FAMILY SCHOLARSHIP PROGRAM

Impact Report 2024

It has been amazing to connect with so many wonderful people who inspire me to take on new challenges; without them and this scholarship, I would not be where I am today.

Xiang Yi Victoria Wu

The Uggla Family Scholarship Program has given me the chance to grow and develop alongside a supportive community of like-minded individuals. I am forever grateful for this opportunity to widen my horizons. It has been amazing to connect with so many wonderful people who inspire me to take on new challenges; without them and this scholarship, I would not be where I am today.

My journey so far as an Uggla Family Scholar has been a great adventure! In addition to attending SFU events in the community, I have loved meeting new people from different faculties and backgrounds. I’m so thankful to have a dorm on campus and to be fully immersed in university culture at SFU. Recently, I also joined the Pre-Vet Club and have taken a position on their executive board as their Event Director. It’s been great to meet a new group of people with similar interests and it has opened my eyes to career opportunities I hadn’t yet considered.

This past semester, I enjoyed taking a Health Science course, where the professor made me so excited to learn about the healthcare system and different illnesses. In addition to taking more courses, I am looking forward to applying all the life lessons I’ve learned so far to my second year. I want to continue trying out new activities, meeting new people, and learning more about what I can offer to the world. I am excited to gain some professional experience in the workforce with Beedie’s Co-op program once I am enrolled, and to find what I particularly enjoy doing and don’t enjoy doing. I also can’t wait to meet the new Uggla scholars!

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STRONGER TOGETHER

Nurturing leadership potential, community, and personal growth

The Uggla Family Scholars are thriving at SFU. Our community is dedicated to sustaining an environment where strong mentorship and social bonds are formed. Alongside successfully completing academic coursework, students are forging unique pathways to success through many integrated opportunities for mentorship and social connection. Program manager Bernard Ryu and student development educator Helena Fehr have continued to support all the scholars as they progress through their programs and the senior students as they embark on mentorship and experiential learning opportunities.

In addition to the Uggla Family Scholarship Program’s regular check-ins, mentorship programming, and the annual virtual event with peers in the Uggla Family Scholars Programme at the London School of Economics (LSE), two new initiatives have also emerged from the close-knit, supportive environment: the Uggla Scholars Speakers Series and the Uggla Scholars Social Committee. While the speaker series is an avenue for the scholars to practice their peer-to-peer networking skills, the social committee is helping them to build social cohesion and supports the scholars’ overall mental health throughout the semester.

It is an incredible honour to be both an advisor to the scholars as they mature and advance through their programs, as well as to facilitate the growth of this dynamic Uggla Family Scholarship community.

I have the unique position of providing both counsel and bearing witness as the scholars amass a multitude of rich university experiences: successes, stumbles, and everything in between. Their commitment to learning and improving not only themselves but each other is wholly inspiring, and stems from the Uggla family’s generosity.

It’s an inspiring, full-circle milestone to have a full slate of scholars this year—to welcome a fourth cohort while the senior scholars are polishing their skills and taking their mentorship to new heights supporting their new peers.

Lance and family, thank you for this priceless gift you’ve given us by investing thoughtfully in SFU students and their potential.”

Bernard Ryu UGGLA FAMILY SCHOLARSHIP PROGRAM MANAGER

UGGLA FAMILY SCHOLARSHIP PROGRAM Impact Report 2024

Growth through experiential learning

In addition to growing through mutual mentorship and connection to their LSE counterparts, many Uggla Family Scholars are thriving through diverse experiential learning opportunities. Engaging in both formal and informal work experiences, scholars have gained experience working with organizations near and as far as Toronto, Paris and Hong Kong.

SFU’s Semester in Dialogue, delivered with the Morris J. Wosk Centre for Dialogue, bridges the classroom with community. It is an immersive experience that encourages students’ passion for improving society, and also a space for students to reflect on what they’re doing and why it matters.

In the Fall 2023 semester, Uggla scholar Rachelle Tri completed “The Future of Healthcare” Semester in Dialogue. Engaging in community-based experiential learning, the course focused on looking at how healthcare systems around the world are struggling, Canada’s complex policies that have changed over the last 50 years, and how healthcare will have to evolve to meet the growing demands and pressure of a system that does not function equitably for all Canadians.

Strenthening our community

We are excited to provide volunteer mentorship opportunities for the Uggla Family scholars as the program matures. The third- and fourthyear scholars are now actively and intentionally participating in the onboarding process with incoming scholars, providing a strong community base for them during their first year.

Uggla Family Scholarship Program Mentorship

For the upcoming 2024-25 academic year, the following scholar volunteers will be mentoring the newest cohort coming in September:

ANNUAL MEETING WITH LONDON SCHOOL OF ECONOMICS

On November 18, 2023, the annual meeting between program participants at SFU and LSE was held online, introducing SFU’s third cohort to the broader Uggla Family Scholarship community. In addition to exchanging updates and connecting with one another, the scholars discussed their internships or academic experiences and—for the more senior scholars—their future plans, including graduation. It was a fruitful meeting and great opportunity for the scholars to continue to practice their networking skills and build their global connections.

1313

Uggla Family Scholar Speaker Series

This inaugural, peer-to-peer, student-centred series was held over the course of the 2023-24 academic year. Uggla Family Scholars Aina Rabesoa, Tru Courtoreille, Rachelle Tri and Vanessa Scrimini gave presentations sharing knowledge and highlights from their unique experiences. These intimate events created a safe space for the Uggla Family Scholars to have intimate conversations with each other, ask questions about their journeys and successes so far, and overall created a positive sense of community and camaraderie between them. In the future, we will be planning to host the event twice per academic year.

Uggla Family Scholarship Social Committee

The scholars established a new Social Committee this past year, with a goal of bringing cohorts from all years together and providing opportunities throughout the year for social interaction and friendship outside the scholars’ academic pursuits. Highlights included a Halloween social to visit “Fright Nights” at the PNE and a Holiday party with food and games near the end of the Fall 2023 term.

Members of the Social Committee include:

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UGGLA FAMILY SCHOLARSHIP PROGRAM Impact Report 2024
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Delivering excellence

SFU President’s and Dean’s Honor Rolls

As the community of Uggla Family Scholars grows and the individual scholars develop and improve academically, their success and progress are reflected in a multitude of ways—one of which is the number of scholars making the President’s and Dean’s Honor Rolls. Year by year, we are pleased to note more students being recognized for their achievements.

YEAR DEAN’S HONOR ROLL
PRESIDENT’S		 HONOR ROLL
2024 5 2
2023 6 1
2022 2 0

Recruitment efforts and metrics

It has been terrific to see a marked increase both in the overall number of applications to the Uggla Family Scholarship Program and in the number of volunteer readers for adjudication selection. Both within and outside of SFU there is clear enthusiasm and excitement for the program.

The growth of interest in the Uggla Family Scholarship is evidenced by the increasing number of applications, especially those demonstrating financial need. Thanks to strong support from the SFU community, all applications with financial need were included in the adjudication process for the past two years.

Many university volunteers have played a crucial role in the selection process, and their efforts are greatly appreciated. We continue to collaborate closely with university recruitment, marketing, admissions, and Indigenous communities to promote the scholarship. By identifying the top 33 high schools with the highest number of past applications and winners, we have engaged counsellors and administrators from those schools to further promote the scholarship.

Also, for the first time, we participated this year in Counsellors Days at SFU, where high school counsellors and administrators learned about various scholarships and programs. Additionally, we joined our Indigenous recruitment team for Indigenous Student Recruitment Day, where hundreds of Indigenous students visited the campus and learned more about the Uggla Family Scholarship Program.

RECRUITMENT BY THE NUMBERS

IN SCHOLARSHIP APPLICATIONS (%)

36.7% IN TOTAL APPLICATIONS 49.1% APPLICATIONS DEMONSTRATING FINANCIAL NEED

18%

VOLUNTEER READERS FROM SFU, TO MEET GROWING DEMAND FOR VETTING SCHOLARSHIP APPLICATIONS

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Looking ahead

As the newest cohort of Uggla Family Scholars begin their learning journeys at SFU this fall, we are excited to support the senior scholars as they take the next steps toward their bright futures. For some this may mean taking on internships, travelling abroad or participating in other work experiences. For others, this means deepening their mentorship of the new scholars or challenging themselves in advanced courses and readying themselves for degree completion.

We look forward to updating you on the scholars’ progress and continuing to involve the Uggla Family Foundation as we plan for the next round of student recruitment and application adjudication. Each year, your vital input and participation is essential for the growth and evolution of this dynamic community.

With gratitude

With your generosity, you are making a truly transformative and lasting impact on our community. SFU is profoundly honoured to partner with you to shape tomorrow’s changemakers and innovators.

Through your remarkable commitment and partnership, young people are pursuing their purpose and gaining the knowledge and experiences they need to develop new ideas that benefit society.

On behalf of the entire SFU community, thank you for sharing your inspiring vision and working with us to break barriers to higher education and ensure the next generation can succeed in shaping a better future for all.

For more information, please contact:

Erin Morantz

Vice-President, Advancement & Alumni Engagement 604.764.7896 vpaae@sfu.ca

Rory Green

Senior Director, Principal and Planned Gifts Gift and Estate Planning 778.782.6799 rory_green@sfu.ca

Bernard Ryu

Manager, Uggla Family Scholarship Program Student Engagement and Retention Services 604-367-5559 bernard_ryu@sfu.ca

UGGLA FAMILY SCHOLARSHIP PROGRAM

Impact Report 2024

FROM STUDENT TO SCHOLAR, ONE CHILD AT A TIME.

THE UGGLA FAMILY SCHOLARSHIP PROGRAM ACROSS ZAMBIA

IMPACT REPORT

Prepared for

THE UGGLA FAMILY FOUNDATION

TABLE OF CONTENTS

F
TS
Thank You From Zamcog 3
Executive Summary 4
The UFF Scholars 5
2023 Impact Snapshot 6
Case Studies 10
Scholar Profiles 11
UNSDG Benchmark 21
2024 and Beyond 8
22

9 I believe in the near future I can open my10 own private hospital and contribute to the wellbeing of people in society”. Gift Kampamba 2024 Cohort Scholar, Medicine 11

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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MESSAGE FROM FROM ZAMCOG

We are so proud to share the tremendous impact you are helping to generate through the Uggla Family Scholarship Programme at Zamcog.

Your commitment to changing students' lives by giving them access to education is creating lasting change across Zambia and beyond.

JULIE -ANNE UGGLA

Founder of ZAMCOG

We know that by supporting the ‘Zamcog Scholars’, you are investing in entire communities and are transforming lives on multiple levels. We know that families are more able to transcend poverty when children are educated. We know that educated adults can enrich the economic status of the countries where they are born. We know that educating girls can deliver significant compounding impact possibilities.

THE ZAMCOG MISSION

Our mission is to empower students to reach their full potential and enable them to build more sustainable futures.

THE ZAMCOG APPROACH

We provide access to education, housing and welfare support to the most vulnerable children and youth across Zambia.

In 2010, Zamcog witnessed its first class to graduate. Since that pivotal day, and with the generous provision of a scholarship programme, we have supported many more students by helping them gain access to higher education. In 2023, a total of 36 Zamcog students were supported by the Uggla Family Foundation and we are thrilled to share their successes and personal development here.

We are grateful for your championship and partnership and look forward to continuing to work together to support Zambia’s most vulnerable children - one child at a time, one scholar at a time.

In Gratitude, Julie-Anne Uggla Julie-Anne Uggla

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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EXECUTIVE SUMMARY

THE REPORT

This report reviews the performance of the Uggla Family Foundation Scholarship Programme at Zamcog for the 2023 Academic Year. The Programme is evaluated in terms of the extent to which it has provided access to higher education, enabled scholars to experience a level of personal development and generated transformational change.

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26 10 5
Scholars in total New UFF Scholars UFF Scholars
were supported started University graduated in
by UFF in 2023 in 2023 2023
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THE ZAMBIAN CONTEXT

Zambia ranks globally among the countries with the highest poverty and inequality levels. Poverty reached 60% of the country’s population in 2022 and with a rapid population growth, the population is expected to double in the next 25 years. This will exert extreme pressure on healthcare demands, other social services, and jobs.

Getting jobs and improving employability is challenging, given the poor access to tertiary education in Zambia: gross enrolments at tertiary levels for the entire Sub-Saharan Africa region are as low as 9% - 33% worse than the next lowest area, the Middle East & North Africa, where enrolments are at 42%. These rates compare extremely poorly to those in the UK at 77% and Canada at 78%, and Europe and Central Asia at 70%, respectively. The highest level of tertiary education enrolment is in North America at 86%.

The need to support Zambian students gain access to higher education is great. With great challenge comes great opportunity with a potential to generate significant Social Return On Investment. Supporting Zamcog Scholars doesn’t just change one life, or that even of a family, it has the potential to fundamentally change the outlook for communities and can positively affect the prospects of a country.

12 TERTIARY INSTITUTIONS

The UFF Scholarship Programme spans more than 12 tertiary institutions across Zambia. To provide a uniform review of the whole programme, a survey was developed which includes both qualitative and quantitative questions and was completed by each scholar, irrespective of the institution at which they study. The consolidated results are shown in this report.

REPORT CONTENTS

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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THE UGGLA FAMILY FOUNDATION ‘ZAMCOG SCHOLARS’

~~2024 COHORT (10 SCHOLARS )~~

Jeremiah Siwale Mumba

Biomedicine, LMMU

Frank Banda Pharmacy, LMMU

Maxwell Mwamba

Medical Health Sciences Foundation, Cavendish University

Gift Kampamba

Biomedicine, LMMU

Lilian Kaonga Social Work, Evelyn Hone College

Elijah Kangwa Heavy Equipment Engineering, Northern Technical College

Doria Chibesa

Nursing, Chreso University

Blessing Mulife

Fashion & Design, Evelyn Hone College Collins Bwalya Health Service Management, University of Zambia

Christine Ngosa

Fashion & Design, Evelyn Hone College

~~2023 COHORT (10 SCHOLARS)~~

Rosemary Kanyinji

Agribusiness, NRDC

Inonge Malama Environmental Health, St. Eugene

Martin Chisenga

HR Management, Gideon Robert University

Justina Chanda

General Agric, Gideon Robert University

Wendy Mukosha Biomedicine, Kafue College

Peter Chisenga

Automotive Machines, Kabwe Institute of Technology

Vincent Bwalya

Pharmacy, Kafue College

John Simpasa

Business Administration, Gideon Robert University

Esther Mondo

General Agric, Gideon Robert University

Emmanuel Dowati

Biomedical Sciences, LMMU

~~2020 COHORT (7 SCHOLARS )~~

Kasonde Naomi Joshua Moyo Paul Banda Purchasing & Supply, ZAMIM Biomedical Sciences, LMMU Lab Tech, Northern Technical College Lazarus Katabe Christine Mkali Christine Kapindo Registered Nursing, Kafue College Registered Nursing, Kafue College Hospitality Management, Zambia Institute for Tourism

Paul Banda Lab Tech, Northern Technical College

Rabson Lukonsolo

Computer Science, Evelyn Hone College

~~2022 COHORT (8 SCHOLARS)~~

Ewahs Zimba Chola Mwape William Kanyesha Biomedical Science, LMMU Clinical Medicine, Kafue College Information Technology, ICU Chanda Josephant Golden Chola Kasonde Francis Forestry, Zambia Forest College Clinical Medicine, LMMU Automotive Mechanics, Kabwe Institute of Technology Friday Sichilongo Gift Nangana 25 Medicine, University of Zambia Medicine, Cavendish University 20 ~~2021 COHORT~~ 15 Incoming Scholars 10 Oscar Banda Medicine, Mulungushi University By Year 5 2020-2023 0 2020 2021 2022 2023

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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2023 SNAPSHOT

DEGREE COURSES

Computer and Information Sciences, 7.5%

Computer Science, 1 Scholar Information Technology, 1 Scholar

Mechanics, 7.5%

Automotive Mechanics, 2 Scholars

Business and Management, 12%

Hospitality Management, 1 Scholar Human Resource Management, 1 Scholar Purchasing and Supply, 1 Scholar

Biomedical and Health Sciences, 54%

Biomedical Science, 4 Scholars Medicine, 4 Scholars Clinical Medicine, 2 Scholars Registered Nursing, 2 Scholars Pharmacy, 1 Scholar Laboratory Technology, 1 Scholar

Agriculture and Environmental Studies, 19%

General Agriculture, 2 Scholars Agribusiness, 1 Scholar Environmental Health, 1 Scholar Forestry, 1 Scholar

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SCHOLARS, BY LOCATION, BY STEM (%)
GENDER PROVINCE (%)
62% Men
Lusaka
Copperbelt
81% of Scholars studied
Central
38% Women STEM Subjects
0 2 4 6 8 10 12 14
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2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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QUALIFIABLE IMPACT

An Impact Survey was developed consisting of long-form, short form and multiple-choice questions. It was circulated amongst all Zamcog Scholars as a means to evaluate the Scholarship Programme. Results were consolidated and highlights are shown below.

Anecdotal evidence suggests that Zamcog Scholars benefited from other skills and personally from their enrolment in higher education.

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"It has really
impacted a lot in both my
academic and social life. I have
learnt how to relate to people
from different walks of life
and how to improve
myself daily."
- Naomi Kasonde
“It has helped me “Being at
learn new skills, college has made me
stronger in levels of
knowledge, attitude and
thinking and improved my
technology. In addition
status in my occupational
how to adapt, and how to field.”
solve problems.” - Mbambara Julius
- Joseph Chanda
“Being in
"University has school has opened my
broaden my thinking mind to how I can be
in terms of decision anything I want as long
making and analyzing as I put my mind to it”
situations.” - Gift Nanganga
- Ewahs Zimba
"University has
taught me to be a
responsible man and also how
to socialise with people in the
university environment,
I have also acquired
leadership qualities“
- Golden Chola
L
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of survey respondents said 85% that they met their academic goals

Zamcog Scholars were asked to rate their responses on a scale of 1 to 5

How much have you enjoyed 1. university/college experience so far?

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10
8
6
4
2
0
1 2 3 4 5
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2. How difficult have you found the academic aspect so far?

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8
6
4
2
0
1 2 3 4 5
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3. How much has it changed how you
think of college or university?
14
12
10
8
6
4
2
0
1 2 3 4 5
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2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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GRADES 36% 46%

TIME SPENT STUDYING

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4. What has been the hardest part about
university/college?
The Academic Work
Computer and Digitial
Missing Family
Making Friends/ Social Life
0 5 10 15 20
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Over 1/3 of Scholars Nearly half of students have received one spend between 15 and 30 or more A grade hours studying per week

WHERE SCHOLARS WILL MOVE AFTER GRADUATION

LOCATIONS OF THE UNIVERSITIES ATTENDED BY ZAMCOG SCHOLARS

A big city, 56 %

Where I am studying, 22%

Back to Kabwe, 22%

This is will create significant positive impact to their respective communities and can alleviate localised brain drain.

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Northern Technical
College
Nkana College Of Applied
Sciences And Education Zambia Forestry
College
Kabwe Institute of Technology
Mulungushi University
DMI-St. Eugene
University
Gideon Robert University Evelyn Hone College
Natural Resource
Cavendish University
Development College
ZAMIM
Lusaka LMMU
Information Communication
Kafue University
College of
Health
Sciences
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“Being at university has changed my life. It has challenged me to think critically and

independently, enabling me to develop strong decision – making skills and

MOST POPULAR UNIVERSITIES/ COLLEGES

leadership qualities. I have become more empathetic, open-minded and culturally

Kafue College of Health Sciences and Research

Levy Mwanawasa Medical University

aware.”

Gideon Robert University

John Simpasa, UFF Scholar

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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A LIFE CHANGING SCHOLARSHIP

THE UFF ZAMCOG SCHOLARS ARE AMONGST THE MOST POOR AND DISADVANTAGED STUDENTS IN THE WORLD. THESE ARE THEIR STORIES

CHOLA

SELLING METAL TO SURVIVE TO SUCCEEDING IN COLLEGE

Chola's father died when she was only two years old, catapulting her family into deeper poverty and eventually forcing her and her siblings to sell metal pieces on the street.

After graduating High School, she was offered a place at Kafue Institute of Health in 2018 but was unable to get funding. She moved to Lusaka to work and save money for school until she could reply again. Thanks to the UFF scholarship she received in 2021, she is now well underway in pursuing her dream to become a Clinical Officer and break the cycle of poverty she was born into.

EWAHS

GOLDEN

DRIVEN TO SET A STANDARD FOR HIS ORPHANED SIBLINGS

Ewahs' mother died in 1999, leaving him and his four siblings as orphans. During the time until they were eventually brought in and raised by his grandparents in their remote village, his schooling was delayed.

Upon joining Zamcog he got back into school and is now attending University and studying biomedical sciences.

FROM WORKING ON THE STREET TO CLINICAL MEDICINE

Golden is the eldest of six children. After excelling in school until Grade 9, Golden's parents underwent financial difficulties, forcing him to take to the streets to pay his school fees.

During this immensely difficult time, he was connected to Markit Secondary School and began receiving support from Zamcog, where he stayed until Grade 12 graduating at the top of his class.

Ewahs is driven to support his four siblings so they too can attend tertiary education and follow their dreams.

In 2021 Golden received a promise of Scholarship from UFF (formerly IHSM) and was able to enroll at Levy Mwanawansa University studying Clinical Medicine in 2022. He is now a happy and hardworking university student.

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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SCHOLAR PROFILES

In the 2023 academic year, we were delighted to welcome the third cohort of Uggla Family Scholars. Below is an insight into their academic passions and the impact of the UFF scholarship on their life.

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26 12 4
Scholars Tertiary Cohorts
Institutions
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ESTHER MONDO

GIDEON ROBERT UNIVERSITY,

Which was your favourite course this year?

Soil Sciences: Soil science provides an understanding of how properties relate to and can be managed for optimal agricultural production and also helps me understand the interaction between agriculture and environment.

How has being at college changed your life?

College has been a truly life changing experience for me. I have met new people, learned new things about academics and even learned about myself. I have learnt to be more responsible, when it comes to getting work done.

MARTIN CHISENGA

GIDEON ROBERT UNIVERSITY

What course this year

was your favourite?

Management Theory and Practice: Because it’s all about management, how one must manage the firm or organization to achieve the company’s goal, what one put to consideration before and after firing the worker.

How has being at college

changed your life?

Associating is very important because it is one of the needs in everyone’s life everyone need to feel that affiliation or belonging to friends and school at large through interaction with different people. Lastly academically changed, according to my program of study, I have learnt a lot of things; I’m equipped with a lot of information regarding management.

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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INONGE MALAMA

SAINT EUGENE UNIVERSITY

JOHN SIMPASA

GIDEON ROBERT UNIVERSITY

JUSTINA CHANDA

GIDEON ROBERT UNIVERSITY

What course this year was your favourite?

Applied Mathematics and Physics: because it involves numbers and when it comes to numbers, they are no wrong answer.

How has being at college

changed your life?

Through the understanding of things (the level of understanding has changed), improved in academic work, how to sever money, making friends and learnt how to make good choice.

What course this year was your favourite?

Decision making and techniques

How has being at college changed your life?

Being at university has changed my life in numerous ways. Firstly, it has challenged me to think critically and independently, enabling me to develop strong decision – making skills and leadership qualities. Additionally, university has exposed me to a wide range of perspectives and experiences that have broadened my worldview. Through my interaction with students from diverse background and cultures, I have become more empathetic, open-minded and culturally aware.

What course this year was your favourite?

Fundamentals of Soil Science

How has being at college changed your life?

College has changed my life I never knew on how to understand people`s behavior until I came across to different types of people and the other thing that life has taught me is on how to be independent academically for you to do school work especially assignment you need to do it on your own.

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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PETER CHISENGA

KABWE INSTITUTE OF TECHNOLOGY

VINCENT BWALYA

KAFUE INSTITUTE

WENDY MUKOSHA

KAFUE INSTITUTE

What course this year was your favourite?

My favourite subject is auto-mechanics.

How has being at college

changed your life?

Since arriving at university, my reasoning, problem-solving, and even my view of perspective have been positively changed.

What course this year

was your favourite?

Pharmacology- Because it is the one which covers much of the work/ career I have chosen.

How has being at college changed your life?

My life has changed because I have gained skills which an help me in society to save lives, earn a living and boost my hope of becoming better and financially stable.

What course this year was your favourite?

Cell Biology: because the lecturer broke down components of all topics to make us understand.

How has being at college changed your life?

Learning how to interact with people of different behaviours.

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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PAUL BANDA

NORTHERN TECHNICAL COLLEGE

CHRISTINE MKALI

KAFUE COLLEGE OF HEALTH SCIENCES

What course this year was your favourite?

Petroleum and Geology was my favourite because I understood it in the lectures. I would only spend the smallest amount of time, It gives me no troubles.

How has being at college

changed your life?

It has helped have a perspicacious view of other people and their backgrounds. It has also helped grow me as a person, am talking being self aware and being emotionally intelligent to remain composed no matter how unfavourable the terms and conditions can be.

What course this year was your favourite?

Leadership and management because I have learnt how I should operate as a leader on the ward.

How has being at college

JOSHUA MOYO

LEVY MWANAWANSA UNIVERSITY

changed your life?

Being at college changed my life in such a way that I’ve learnt on how to associate with other people and their language as well as on how to treat each one of them.

What course this year was your favourite?

All of them: I sincerely did not have any favorite, they were all intricate as well as interesting

How has being at college changed your life?

I would say it has changed my understanding on different aspects of life and has also put me at an advantage to better my life as I have attained higher education.

2023 IMPACT REPORT | UGGLA FAMILY SCHOLARSHIP PROGRAMME

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CHRISTINE KAPINDO

ZAMBIA INSTITUTE FOR TOURISM

What course this year was your favourite?

My favourite course this year is hospitality management, as it has taught me how to associate and socialise with different people from all walks of life.

How has being at college

LAZARUS KATEBE

KAFUE COLLEGE OF HEALTH SCIENCES

OSCAR BANDA

MULUNGUSHI UNIVERSITY

changed your life?

Being at college has provided me with exposure and analytical thinking when facing new people and problems of life.

What course this year was your favourite?

Paediatrics and Nursing: Paediatric has been my favorite because I love taking care and Nursing small children.

How has being at college

changed your life?

Being at college has really changed my life in the sense that I see myself in a different perspective which I never thought. It has taught me how handle myself in a normal way.

What course this year was your favourite?

Obstetrics and gynaecology was my favourite course this term, because I learned a lot about the fascinating aspects of pregnancy, childbirth, and female reproductive health. I enjoyed studying the physiology, pathology, and management of various obstetric and gynaecological conditions. I also appreciated the opportunity to practice my clinical skills and interact with patients in the wards and clinics. I found obstetric and gynaecology to be a rewarding and challenging specialty that combines medicine, surgery, and public health.

How has being at college

changed your life?

1) It has expanded my knowledge and skills.

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FRIDAY SICHILONGO

UNIVERSITY OF NORTHERN ZAMBIA

What course this year

was your favourite?

I haven’t completed all four departmental rotations yet, but surgery has been the most interesting one so far. The surgical department has doctors who are eager to teach and are almost always available, making us feel like part of the surgical faculty. Although they can be harsh and demanding, I appreciate how they have structured the surgery rotation to ensure everyone is properly trained.

How has being at college

changed your life?

Being at college has changed how I think. It has made me realize how to prioritize what’s important. I have learned how to manage my time better and focus on more important things. Especially since my school excludes a lot of students each year, I have had to cut off unnecessary activities. I have also learned how to ask for help from people who are genuinely supportive when I am struggling.

CHOLA MWAPE

KAFUE COLLEGE OF HEALTH SCIENCES

RABSON LUKONSOLO

EVELYN HORN COLLEGE

What course this year

was your favourite?

Gynecology: I enjoyed this course a lot as it really deepened my understanding of women and, most importantly, myself. It was honestly magical. I never once thought we had all these well-coordinated systems at play within us.

How has being at college

changed your life?

It has changed my life in a great number of ways. Firstly, I am not who I was before college; I have gained a lot of maturity through the experiences I’ve had. I am no longer ignorant about many things, which has helped clear up several myths and beliefs I once thought were true. Importantly, college has also helped me build strong friendships.

What course this year was your favourite?

Programming and Networking: because I have developed an interest in understanding how computer systems are created from scratch and how computer systems communicate.

How has being at college

changed your life?

I have discovered who I want to be in the future.

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KASONDE NAOMI

ZAMBIA INSTITUTE OF MANAGEMENT

GIFT NANGANA

CAVENDISH UNVERSITY

WILLIAM KANYESHA

LEVI MWANAWASA UNIVERSITY

What course this year

was your favourite?

Business law. It has taught me the importance of success and stability of any business venture.

How has being at college

changed your life?

It has really impacted a lot in both my academic and social life I have learnt how torelate With people from different walks of life and how to improve myself daily

What course this year

was your favourite?

Anatomy: this is because its where the heart of medicine lies and its just interesting as we learn on the complexity of the human body.

How has being at college changed your life?

My life has changed in a lot of ways especially that I have knowledge that is so complex and at the same time important, this pushes me to be more responsible. Being in school has also opened my mind on how I can be anything as long as I put my mind to it.

What course this year was your favourite?

Computer Hardware: this was my favorite course, because it is where I learnt a lot of new skills, especially digital development and cyber security.

How has being at college

changed your life?

Being at University has changed my mindset, now I think of becoming great, skilful, social, resourceful and prudent person.

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GOLDEN CHOLA

LEVI MWANAWASA UNIVERSITY

EWAHS ZIMBA

LEVY

MWANAWANSA UNIVERSITY

CHANDA JOSEPHANT

ZAMBIA FOREST COLLEGE

What course this year was your favourite?

Adult Medicine: because dealing with adults is easier in terms of making an interaction with them as well as drug administration is easier as compared to children.

How has being at college

changed your life?

It has taught me to be a responsible man and also it has also taught me to socialise with people in the university environment, I have also acquired leadership qualities.

What course this year

was your favourite?

Clinical Biochemistry: this is because it has helped me understand a lot of medical conditions associated with metabolic defects. I have always enjoyed this course because it has given me a deeper understanding of certain conditions (diseases).

How has being at college

changed your life?

Being at the University has really helped me understand a lot of things, I have learnt how to relate or associate with people from different backgrounds and beliefs. I have also broadend my thinking in terms of decision making and analyzing situations.

What course this year

was your favourite?

Forest Economics. I enjoyed Forest Resource Accounting and Sustainable Agriculture because it is grounded in three pillars; 1) economical profitability, 2) social aspects, and 3) environmental stewardship, which help in climate change.

How has being at college

changed your life?

It has helped me learn new skills, knowledge, attitude and technology. In addition how to adapt, and how to solve problems.

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ROSEMARY What course this year KANINJI was your favourite?

LEVI MWANAWASA UNIVERSITY

Adult Medicine: because dealing with adults is easier in terms of making an interaction with them as well as drug administration is easier as compared to children.

How has being at college

changed your life?

It has taught me to be a responsible man and also it has also taught me to socialise with people in the university environment, I have also acquired leadership qualities.

EMMANUAL DOWATI

LEVY MWANAWANSA UNIVERSITY

What course this year

was your favourite?

Clinical Biochemistry: this is because it has helped me understand a lot of medical conditions associated with metabolic defects. I have always enjoyed this course because it has given me a deeper understanding of certain conditions (diseases).

How has being at college

changed your life?

Being at the University has really helped me understand a lot of things, I have learnt how to relate or associate with people from different backgrounds and beliefs. I have also broadend my thinking in terms of decision making and analyzing situations.

FRANCIS KASONDE

ZAMBIA FOREST COLLEGE

What course this year

was your favourite?

Instrumentation- I enjoyed this part of mechanics because it aims to service the instruments and tools that are used to fix while learning how certain machines operate.

How has being at college

changed your life?

It has helped me learn new skills, knowledge, attitude, and better understand technology. It has also taught me how to adapt in an environment which is not friendly.

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ZAMCOG SCHOLARS & THE UNSDG

Zamcog has always believed that education can help tackle many other pressing issues. The UFF Scholarship Programme has enabled not only deeper access to education but helps to address a number of other impact points, as evaluated against 5 of the United Nations Sustainable Development Goals and illustrated below.

THE THE GOAL PROBLEM

THE SCHOLARSHIP PROGRAMME

The number of children passing the Grade 9 and Grade 12 examinations continues to be low in Zambia, at 55% and 65% respectively. Education in numbers: 88% net primary school enrolment. 43% net secondary school enrolment. [Source: UNICEF]

INCREASES ACCESS TO EDUCATION

Only 27% of girls in Zambia complete upper secondary school, and among the poorest children this falls to 3%. Girls with secondary schooling are five times less likely to become child brides than girls with little or no education. [Source: Global Partnership for Education (2019)]

In Zambia, 58% of people in Zambia live below the international monetary poverty line of $1.90 per day . It ranks among the countries with the highest levels of poverty and inequality globally. [Source: UNDP (2019)]

28% of youth aged 15-24 in Zambia were unemployed in 2022. The main causes of youth unemployment/ underemployment have been identified as low education and skills, low levels of entrepreneurship coupled with limited access to appropriate finance, technology, and markets. [Source: Zambia Statistics Agency]

EMPOWERS FEMALE STUDENTS

REMOVES FINANCIAL BARRIERS

IMPROVEMES EMPLOYABILITY & PREVENTION OF BRAIN DRAIN

There is less than one doctor or one nurse per 1000 people and this chronic lack of trained health professionals severely limits Zambia's capacity to deliver safe, quality medical care to its population.

[Source: Swansea University]

SUPPORTS THE HEALTHCARE PROFESSIONALS OF TOMORROW

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2024 AND BEYOND

We are building scholars of a new Zambia, and beyond.

We are integrating the following developments to our programmes across all 12 universities in 2024:

Regular Surveys & Impact Assessment

Personal Development Support

I want to save thousands of lives of people and of course my life too. I will also help members of the community by educating on how to protect themselves from diseases.

Collins Bwayala, Public Health, UFF Scholar Cohort 2024

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THE 2024 COHORT

MEET THE NEWEST ZAMCOG SCHOLARS.

All 10 of these students have overcome significant challenges to graduate from high school and to earn the grades necessary which will enable them to apply for the courses of their dreams.

With the opportunity provided by UFF, these students will be able to overcome many barriers and embark on post-secondary education and ultimately with your support, professional careers.

2024 SCHOLARS

2024 SCHOLARS

Single Orphan , 45% Double Orphan, 33% Vulnerable, 22%

2024 DEGREE COURSES

Biomedical and Health Sciences, 60%

Biomedical Science, 3 Scholars Registered Nursing, 1 Scholars Public Health, 1 Scholar Physiotherapy, 1 Scholar

Fashion & Design, 20%

Fashion & Design, 2 Scholars

Social Work, 10%

Social Work, 1 Scholar

Jeremiah Gift Mumba Kampamba LMMU LMMU

Collins Bwalya UNZA

Frank Banda LMMU

Christine Ngosa Evelyn Hone College

Lilian Kaonga Evelyn Hone College

Doria Chibesa Chreso University

Blessing Mulife Evelyn Hone College

Elijah Kangwa Northern Technical College

Maxwell Mwamba Cavendish University

FIRST GENERATION STUDENTS

of this year’s cohort are the 90% first in their families to go to university or college

Engineering, 10%

Heavy Equipment Repair in Engineering, 1 Scholar

All members of the 2024 cohort are first generation university or college students, except for Christine Ngosa, whose brother was previously a Zamcog beneficiary.

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WITH DEEP GRATITUDE FOR YOUR CONTINUED SUPPORT

College has been a truly life changing experience for me. I have met new people, learned new things about academics and even learned about myself.

Esther Mondo, UFF Scholar

ZAMCOG X BENESYS

Zamcog partnered with impact consultancy, Benesys Ltd to develop this document.

Julie-Anne Uggla works with Benesys to develop and structure her personal

foundation, The Fôr Foundation. On an ongoing basis Benesys identifies and risk assesses charities and reports on all philanthropic activities within The Fôr Foundation. This includes developing Impact Reports for Julie-Anne’s charity, Zamcog.

For more information on how we can support you:

bryn@benesys.co.uk www.benesys.co.uk

This report was developed by impact consultancy, Benesys.

Benesys works with purposeful businesses and passionate individuals to integrate high-impact giving strategies into their way of working and living. Benesys also works with charities on a pro bono basis helping them structure, define, and measure their impact.