Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1961.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
29 people listed on the 990; $2.4M paid to officers and key staff.
Dr Megan Kenna’s $336K as Ssf Executive Director is at the 69th percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Dr Elizabeth Kiss | $318,748 | $347,609 | $340,848 | $320,946 | $311,919 |
| Dr Megan Kenna | $335,693 | $309,319 | — | — | — |
| Megan Kenna | — | — | $299,324 | $252,482 | — |
| Evie O'Brien | $293,288 | $250,532 | $229,920 | $220,154 | $155,231 |
| Peter Anderson | $155,176 | $275,274 | $250,925 | $226,573 | $194,117 |
| Muloongo Muchelemba | $260,077 | $240,762 | $226,387 | — | — |
| Penelope Brook | — | — | — | — | $233,036 |
| Rodolfo Lara Torres | $218,592 | $230,218 | $218,745 | $217,976 | $189,256 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See The Rhodes Trust executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Supports overseas students studying at Oxford University.
Questions for The Rhodes Trust
Your first name shows with your question. The Rhodes Trust answers here, for everyone.
Rhodes Scholarship
This year's key objectives and achievements against those objectives, which further the legal purposes of the Trust are summarised below: Continued roll-out of an Operating Model (on a need-based basis) for National Secretariats.
Schmidt Science Fellows
Identifying and selecting top scientific talent from around the globe: Schmidt Science Fellows selected and onboarded its sixth cohort of Fellows. The 32 Fellows of the 2023 cohort represent 14 nationalities including the first from Brazil, Ecuador, Nigeria and North Macedonia.
Atlantic Institute
This year the Institute organized 28 convenings including a number of in-person events in six countries across five continents, including its largest ever gathering (Annual Global Convening) in Phuket, Thailand, attended by 259 Fellows and 54 staff from seven Fellowship programs.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|
| End of yearLn 1g | $555.9M | $560.0M | $546.2M | $438.9M | $423.8M |
| Given inLn 1b | $18.9M | $9.8M | $14.5M | $32.2M | $3.9M |
| SpentLn 1d–1f | $27.5M | $23.3M | $20.9M | $18.2M | $17.3M |
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $80.2M | $27.4M |
| InvestmentsLn 11–13 | $627.6M | $582.9M |
| Land, buildings, equipmentLn 10c | $64.8M | $74.7M |
| Total assetsLn 16 | $796.5M | $703.1M |
| LiabilitiesLn 26 | $80.6M | $72.3M |
| Net assetsLn 32 | $715.9M | $630.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $438K | $438K | ||
| Grants to domestic individualsLn 2 | $23.8M | $23.8M | ||
| Grants and assistance to foreign recipientsLn 3 | $1.3M | $1.3M | ||
| Pay of current officers, directors and key staffLn 5 | $2.1M | $1.8M | $289K | |
| Pay of disqualified personsLn 6 | $124K | $124K | ||
| Other salaries and wagesLn 7 | $7.9M | $6.7M | $1.2M | |
| Pension plan contributionsLn 8 | $1.1M | $996K | $121K | |
| Other employee benefitsLn 9 | $257K | $217K | $40K | |
| Payroll taxesLn 10 | $1.2M | $1.0M | $148K | |
| Legal feesLn 11b | $464K | $421K | $43K | |
| Accounting feesLn 11c | $209K | $119K | $90K | |
| Investment management feesLn 11f | $2.2M | $2.2M | ||
| Other fees for servicesLn 11g | $1.3M | $1.1M | $0 | $209K |
| Advertising and promotionLn 12 | $1.5M | $1.1M | $447K | |
| Office expensesLn 13 | $1.1M | $1.1M | $25K | |
| Information technologyLn 14 | $1.5M | $1.4M | $60K | |
| OccupancyLn 16 | $1.0M | $1.0M | ||
| TravelLn 17 | $5.1M | $4.9M | $172K | |
| Conferences, conventions and meetingsLn 19 | $3.3M | $3.2M | $93K | |
| InterestLn 20 | $323K | $76K | $247K | |
| Depreciation, depletion and amortizationLn 22 | $1.6M | $1.6M | ||
| InsuranceLn 23 | $148K | $148K | ||
| Other expenses (24a–d)Ln 24 | $1.9M | $1.9M | $5K | |
| All other expensesLn 24e | $1.4M | $922K | $0 | $511K |
| Total functional expensesLn 25 | $61.4M | $55.5M | $2.5M | $3.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 13, 2026 | $81.1M | $79.3M | $1.9M | $699.3M | 990 PDF |
| FY2024Filed with the IRS May 13, 2025 | $84.3M | $71.5M | $12.7M | $678.7M | 990 PDF |
| FY2023 ViewingFiled with the IRS May 14, 2024 | $50.8M | $61.4M | −$10.6M | $630.7M | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021Filed with the IRS Apr 7, 2022 | $24.7M | $37.2M | −$12.5M | $701.6M | 990 PDF |
| FY2020Filed with the IRS Mar 30, 2021 | $150.1M | $36.8M | $113.3M | $606.6M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $50,816,028 revenue, 12 lines filed
Part VI · Governance 17 of 17 board members independent, 1 to look at
Part VIII · Statement of revenue $50,816,028 across 6 lines filed
Part IX · Statement of functional expenses $61,385,864 across 24 lines filed
Part X · Balance sheet $703,062,608 assets, 29 lines filed
Part XI · Reconciliation of net assets $630,731,714 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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