A N N UA L R E V I E W 2016A N N UA L R E V I E W J A NUA RY 2 0 1 7

For over thirty years, the Cambridge Commonwealth,

European and International Trust has enabled

outstanding students from al l over the world to

benefit from the outstanding educational and

research opportunit ies offered at the University of

Cambridge. It offers support to students irrespective

of their economic or social background.

The Trust was formed from the merger in August 2013 of the

Cambridge Commonwealth Trust and the Cambridge Overseas

Trust, which were established by the University in the 1980s with the

objective of supporting international students.

It is today the largest provider of scholarships for students at the

University, engaging actively with all Schools, Departments and

Colleges. The Trust supports the University’s mission in nurturing talent

and rewarding excellence, by removing the economic barriers which

may face students who are offered places. During its history of offering

scholarships, the Trust has helped nearly 18,000 students to undertake

degrees in Cambridge.

Each year the Trust welcomes approximately 400 new students, and

at any one time there are around 1,200 young people from across the

world studying in Cambridge with financial support from the Trust.

Most of these are taking Masters or PhD degrees, although the Trust

also supports a number of international undergraduates.

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Not only are the scholarships enabling individual students to achieve

their own potential, but their research is opening up perspectives and

producing data that affect and enhance the work of researchers within

Cambridge. Scholarships build bridges – between their recipients,

between countries, and between Cambridge and the world.

I hope that the Trust can continue to expand the range and number

of scholarships it offers to support students in order to fulfil their

potential and to help ensure that Cambridge remains the great

University that it is.

The work of the Trust is governed by a board of distinguished Trustees,

and we are most grateful to them for giving their valuable time and

considered thought to the many issues which face the Trust during

the course of its business. I would like to extend particular thanks to

Professor John Gray, Professor of Education and Emeritus Fellow of

Homerton College, whose term of office ended in April 2016, having

served as a Trustee for nine years.

Director

I am del ighted to present this Review of the

Cambridge Trust’s act ivit ies for the f inancial year

August 2015 – July 2016. This is the second edit ion

of the Review and it was gratifying to receive such

posit ive feedback fol lowing the publication of our

f irst edit ion last year.

In supporting the mission of the University of Cambridge “to

contribute to society through the pursuit of education, learning and

research at the highest international levels of excellence”, the Trust

works with many partners, both within Cambridge and in the wider

world. This Review presents our achievements over the past year,

none of which would have been possible without the support of

those partners.

The Trust enables outstanding students to come to Cambridge,

whatever their personal circumstances, by removing financial barriers.

This allows access to a wider pool of talented students, therefore

contributing to the University’s standing as a global institution. The

Trust’s wide-ranging programme of scholarships helps to attract and

retain the best students at the University. The Trust values and rewards

excellence, and a scholarship can have an enormous impact on the

life of an individual. I was proud to note that Trust scholars’ academic

results remained well above average in 2015–16.

Implicit in the University’s mission are its global remit and

responsibility, which are reflected in the work of the Trust. On visits to

India and Ghana during the year, I was able to meet with alumni and

partners who demonstrated the impact that study in Cambridge can

have on the development of scholars’ home regions.

Last year I reported in the Review on the establishment of a new

programme for PhD students from countries in sub-Saharan Africa

whose research will have a bearing on the development of the

region. This special programme is co-funded by the University and

the Trust, and enhanced by close engagement with the Cambridge-

Africa Programme.

D I R E C T O R ’ S F O R E W O R D

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The Trust holds i ts own endowment which is invested

with the Cambridge University Endowment Fund.

The value of the Trust’s endowment is £148 mil l ion

and this generates regular income of around

£5 mil l ion per year. This income is set alongside

income from external partners in order to maximise

the number and value of scholarships avai lable.

The value of the scholarships offered by the Trust and its partners is

currently over £21 million per year. The Trust keeps its administration

and staff costs low so that over 95% of its annual expenditure

comprises scholarship payments to students.

The Trustees’ report and audited financial statements for the year

ended 31 July 2016 are available online at

www.cambridgetrust.org/about/

F I N A N C I A L H I G H L I G H T S

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£2.5m Undergraduates (3–4 year course)

£2.5m Masters (1–2 years)

£16.5m PhD (3–4 year course)

£1.0m Administration & governance

£10.4m Donations from the University and Colleges of Cambridge

£8.4m Donations and partnerships

£5.0m Investment income from the Trust’s Endowment

£115.9m General

£0.5m Restricted

£12.9m Permanent Endowment

Expenditure 2015–16

£2.5m Undergraduates (3–4 year course)

£2.5m Masters (1–2 years)

£16.5m PhD (3–4 year course)

£1.0m Administration & governance

£10.4m Donations from the University and Colleges of Cambridge

£8.4m Donations and partnerships

£5.0m Investment income from the Trust’s Endowment

£115.9m General

£0.5m Restricted

£12.9m Permanent Endowment

Income 2015–16

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The following information extracted from those financial statements

summarises the Trust’s income and expenditure at 31 July 2016.

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Trinity College

The Trust enters into partnerships with a wide range

of organisations worldwide, from governments and

state agencies to individual philanthropists , from

family foundations to international corporations.

These partnerships enable the Trust to offer more scholarships

to outstanding students, irrespective of their social or economic

background, than would be possible using only its own resources.

The partnerships also enhance the promotion and outreach of the

Trust’s scholarship programmes, and scholars gain additional benefit

from the activities provided by partners, such as induction events,

networking opportunities and summer schools.

During 2015–16 the Trust reviewed and renewed its partnership

agreements with many long-standing associates, notably with the

Chevening Scholarship programme co-funded by the UK Foreign &

Commonwealth Office, which brings over twenty Masters scholars to

Cambridge each year, from countries as widespread as Belarus and

Thailand, Uruguay and Pakistan.

Central to the Trust’s work is the support of international research

students, and the Trust renewed its joint commitments with CONACyT,

the National Council of Science and Technology in Mexico, and with

the China Scholarship Council, for the support of PhD students from

those countries.

Building on the University’s extensive alumni network, the Trust enjoys

continuing partnerships with alumni-led organisations in Australia,

Canada, Hong Kong and Kenya.

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The Trust continues to expand the range of scholarships available

to Indian applicants; a new partnership with the Inlaks Shivdasani

Foundation will add to the number of Indian students who are

supported by the Trust during Masters and PhD degrees in Cambridge.

A new programme of full scholarships for Norwegian PhD students

is funded by the Anne Grete Eidsvig & Kjell Inge Røkke Charitable

Foundation for Education; these Aker Scholarships are awarded

at world-leading universities, and will build a significant cohort of

outstanding Norwegian leaders and academics.

Welcome Event 2016

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The Trust has made particular efforts to increase the rigour and

transparency of its selection processes and criteria for awards, which:

• take account of Departmental scoring, on academic grounds, of all

applicants for financial support;

• are based on a transparent and fair system, with clearly published

selection criteria and application deadlines set out on the Trust’s

website; and

• address perceived disadvantage of candidates from less developed

backgrounds.

The Trust responds positively in the event that applicants win other

full-cost publicly-funded scholarships by offering ‘honorary status’,

which entitles the recipients to benefit from being a part of the Trust’s

community of scholars, including attendance at the Trust’s scholars’

events throughout the academic year.

For entry to the University of Cambridge in the academic year 2015-16,

the Trust made new awards as follows:

Breakdown of new awards 2015–16 (by level of study)

The Trust offers scholarships to selected students at

al l levels of study (undergraduate, Masters and PhD)

although it concentrates resources on scholarships

for PhD students.

Originally established to support international students, the Trust

now offers scholarships to UK and EU students through the Vice-

Chancellor’s Awards for the best doctoral candidates. These awards are

offered to complement the Cambridge International Scholarships for

the best doctoral candidates from the wider world, which the Trust has

offered since 2009.

Scholarships are awarded in all subjects and at all thirty-one Colleges.

Awards are made on the basis of academic merit, financial need and,

in the case of scholarships awarded in conjunction with partners,

additional criteria such as the country the students come from and/or

their chosen area of study. Scholarships range from full-cost, covering

fees and maintenance, to half-cost and part-cost, which require the

student to provide the balance of the cost.

The Trust aspires to provide as many full-cost scholarships as possible,

as this provides certainty for the students and makes the scholarships

internationally competitive. Over the past eight years the Trust has

deliberately sought to offer scholarships of higher value, even when

that meant offering fewer awards. The Trust continues to work towards

making a higher proportion of its scholarships full-cost by seeking

additional external funding.

The Trust works hard to make offers as early as possible in order

to retain the best candidates. If students are assured of high value

scholarships early on in their decision-making process, they are able to

make an informed choice about taking up the offer of their places at

Cambridge and their scholarships. This is especially true of the many

students who receive offers from elsewhere.

S C H O L A R S H I P S AWA R D E D

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PhD Masters BA TotalAwarded 208 149 43 400

Honorary 58 5 8 72

Total 266 155 51 472

The number of students funded by the Trust is as follows:

Students in residence in 2015–16 (all award years)*figures inclusive of new award winners set out above

PhD Masters BA TotalAwarded 800 151 212 1163

Honorary 80 6 29 115

Total 880 157 241 1278

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ASIA Country PhD Masters BA TotalAfghanistan - - - -Bangladesh 8 2 1 11Brunei - - - -Burma - - - -China 169 5 56 230Hong Kong 11 23 34India 49 10 15 74Indonesia 2 1 3Iran 7 3 10Iraq 1 1Israel 4 4Japan 7 2 9Jordan Kazakhstan 2 1 3Republic of Korea 3 1 6 10Kyrgyzstan 1 1Lebanon 2 1 3Malaysia 9 5 9 23Maldives Nepal 1 1Pakistan 15 6 10 31Palestine 6 6Philippines 2 1 3Singapore 6 12 18Sri Lanka 10 2 4 16Syria 2 1 3Taiwan 20 1 21Tajikistan Thailand 3 4 1 8Turkey 6 - - 6Turkmenistan Uzbekistan Vietnam 2 1 4 7TOTAL 348 42 146 536

A table setting out the students by nationality, continent and level of

study is set out below:

Students in residence in 2015–16 (by nationality and continent)

*figures inclusive of new award winners but not those with honorary status

AFRICACountry PhD Masters BA TotalAlgeria - - 1 1

Botswana - - - -

Cameroon - - - -

Congo, The - 1 - 1

Democratic

Republic

Egypt 7 6 1 14

Ethiopia 1 - - 1

Ghana 6 2 - 8

Kenya 3 2 2 7

Malawi 2 - 2

Mauritius 3 - 1 4

Morocco 1 - - 1

Niger 1 - - 1

Nigeria 6 1 2 9

Rwanda 1 - - 1

Senegal - 1 - 1

Somalia - - - -

South Africa 10 10 1 21

Sudan 5 - - 5

Uganda 3 1 - 4

Zambia - - - -

Zimbabwe 1 - - 1

TOTAL 48 26 8 82

1 31 2

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S C H O L A R S H I P S AWA R D E D

NORTH AMERICA Country PhD Masters BA TotalBahamas - - - -Barbados - - - -Canada 42 5 10 57Costa Rica 1 - - 1Haiti - 1 - 1Jamaica 1 - - 1Mexico 18 4 - 22Panama - - - -Saint Lucia 1 - - 1Saint Vincent and 1 - - 1 the GrenadinesTrinidad & Tobago 1 1 - 2USA 58 10 6 74TOTAL 123 21 16 160

SOUTH AMERICA Country PhD Masters BA TotalArgentina 3 1 - 4Brazil 26 2 - 28Chile 19 1 - 20Colombia 5 1 - 6Ecuador 1 - - 1Guyana - - - -Peru 1 - - 1Uruguay - 1 - 1Venezuela - 1 - 1TOTAL 55 7 62

GRAND TOTAL 800 151 212 1163

1 51 4

AUSTRALASIA Country PhD Masters BA TotalAustralia 53 16 15 84New Zealand 30 3 5 38TOTAL 83 19 20 122

EUROPE Country PhD Masters BA TotalAlbania - - 1 1Armenia - 2 1 3Austria 1 - - 1Belarus 2 2 - 4Belgium 4 - - 4Bosnia & 1 - - 1 HerzegovinaBulgaria - 2 - 2Croatia - - 3 3Cyprus 1 - - 1Czech Republic - 1 - 1Denmark 3 - - 3Finland 1 - - 1France 7 2 - 9Germany 34 6 - 40Greece 9 1 - 10Hungary 3 - - 3Iceland - 1 - 1Ireland 7 1 - 8Isle of Man - - 1 1Italy 17 3 - 20Jersey 2 - - 2Lithuania 1 1 - 2Macedonia 1 - - 1Malta 1 - - 1Moldova - - 1 1Montenegro - - - Netherlands 10 3 - 13Norway 3 - 1 4Poland 4 2 - 6Portugal - 1 - 1Romania 4 - - 4Russia 5 5Serbia 3 5 14 22Slovenia - 1 - 1Spain 4 - - 4Sweden 2 1 - 3Switzerland 6 1 - 7Ukraine 4 - - 4United Kingdom 3 - - 3TOTAL 143 36 22 201

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Clare College Bridge

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O U R PAT R O N

O U R T R U S T E E S

His Royal Highness

The Prince of Wales

Lord Williams of

Oystermouth

Chair

Master, Magdalene

College

Professor John Rallison

Deputy Chair

Fellow, Trinity College

Professor Dame Ann

Dowling

Professor of Engineering

Fellow, Sidney Sussex

College

Professor Simon Franklin

Professor of Slavonic

Studies

Fellow, Clare College

Mrs Ann Puntis

Director of Long Close

Associates

Dr Nidhi Singal

Senior Lecturer at the

Faculty of Education

Fellow, Hughes Hall

Dame Barbara Stocking DBE,

President,

Murray Edwards College

Professor Graham Virgo

Professor of English

Private Law

Pro-Vice-Chancellor

for Education

Fellow, Downing College

Professor Loraine

Gelsthorpe

Professor of Criminology &

Criminal Justice

Fellow & Tutor for

Graduate Affairs,

Pembroke College

Professor Jaideep Prabhu

Director, Centre for India

& Global Business at the

Judge Business School

Fellow, Clare College

Professor Michael Proctor

Professor of Astrophysical

Fluid Dynamics

Provost, King’s College

Mr Peter Phillips

Chief Executive,

Cambridge University

Press

Fellow, Wolfson College

The Trust is an exempt charity governed by a board

of Trustees selected for their ski l ls and experience in

order to guide the work of the Trust.

The Trust’s Patron is His Royal Highness The Prince of Wales.

The University of Cambridge is Custodian Trustee of the Trust, and

the Trust is regulated by the Higher Education Funding Council for

England through the University of Cambridge.

Our Trustees meet three times a year, and management of the Trust is

delegated to a team of fourteen staff, led by a Director.

www.cambridgetrust.org/about/staff

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The Trust aspires to support as many outstanding students as possible at the University

of Cambridge. It works with many funding partners to enhance the range of scholarships

avai lable. We would l ike to acknowledge the support of al l our funding partners, and

express our gratitude for their generosity.

T H A N K YO U F O R YO U R S U P P O R T

African Partnership for Chronic Disease Research

Beacon Equity TrustBeit TrustBlyth ScholarsBoustany FoundationBP EgyptBecas Magdalena O.Vda.de BrockmannCambridge AssessmentCambridge Australia ScholarshipsCambridge Cancer CentreCambridge Thai FoundationCanadian Institute for Advanced Legal

StudiesCAPES (Brazil)Sir Ernest Cassel Educational TrustGrace & Thomas C.H. ChanChina Scholarship CouncilChrist’s CollegeChurchill CollegeClare CollegeClare HallClub Financiero EspañolColciencias (Colombia)Commonwealth Scholarship CommissionCONACyT (Mexico)CONICYT (Chile)Council for Scientific & Industrial Research,

South AfricaCroucher FoundationDarwin CollegeYayasan DayaDiriDNV GLSt Edmund’s CollegeFaculty of Education

Emmanuel CollegeFriends of Cambridge University in

Hong KongRajiv Gandhi (UK) FoundationRajiv Gandhi Foundation (India)Gonville & Caius CollegeHigher Education Commission, PakistanHMG GREAT Campaign (India)Hughes HallInstitute of AstronomyIslamic Development BankYousef JameelJardine FoundationJawaharlal Nehru Memorial TrustJesus CollegeYayasan KhazanahLEGO FoundationLucy Cavendish CollegeMagdalene CollegeMinistry of Education, Republic of

China (Taiwan)MRC Laboratory of Molecular BiologyNarotam Sekhsaria FoundationNational University of SingaporeNIH Ox/Cam ProgrammeNoon Educational FoundationOmid TrustOpen Society FoundationOxford and Cambridge Society of KenyaOxford and Cambridge Society of TorontoPallas Athéné Domus Animae FoundationParis Sciences et LettresPemanda Monappa Scholarship FundPembroke CollegeCharlie Perkins Scholarship Trust

PEXIM FoundationDr Donald PinchinVictor Pinchuk FoundationDavid & Elaine Potter FoundationQueens’ CollegeAnne Grete Eidsvig & Kjell Inge Røkke

Charitable Foundation for EducationRutherford FoundationSaïd FoundationSantanderSchlumberger Gould Research CentreScience & Engineering Research Board, IndiaSelwyn CollegeShiromani Gurdwara Parbandhak CommitteeCharles & Lisa Simonyi Fund for Arts

& SciencesSardar Manmohan Singh Charitable TrustSkye FoundationSmuts Memorial FundRoberta Sykes Indigenous Education

FoundationC T Taylor FundTrinity CollegeUK Foreign & Commonwealth Office /

CheveningUniversity of CambridgeUniversities New Zealand – Te Pōkai TaraWellcome TrustWilliams Papworth StudentshipWing YipWolfson CollegeWoolf Fisher TrustWoolf Institute

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www.cambridgetrust.org/partners

For further information contact: Cambridge Commonwealth, European & International Trust

Tel: +44(0)1223 338498 Fax: +44(0)1223 760618 Email: cambridge.trust@admin.cam.ac.uk www.cambridgetrust.org

CREATING OPPORTUNITY TO STUDY AT THE

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