The Wellcome Trust
- Assets
- $48.8b
- Revenue
- $2.3b
- Investments
- $48.3b
- Employees
- 0
- Location
- Founding
- 01/1987
- Data as of
- 09/2023
- EIN
- 98-6038021
Organization Overview
The Wellcome Trust is located in null. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellcome Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Wellcome Trust generated $2.3b in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (38.7%) each year. All expenses for the organization totaled $1.8b during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NOT APPLICABLE DUE TO FOREIGN STATUS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cilla Snowball Director | 7 | $86,814 | |
Richard Gillingwater Director | 7 | $86,814 | |
Amelia Fawcett Director | 7 | $86,814 | |
As Sy Director | 7 | $86,814 | |
Professor Julia Gillard Chair | 21 | $232,274 | |
Arup Chakraborty Director | 7 | $86,814 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comgest | 9/29/23 | $3,806,703 |
Savills | 9/29/23 | $5,641,179 |
Wellington Management International Ltd | 9/29/23 | $3,314,475 |
Cms Cameron Mckenna Nabarro Olswang Llp | 9/29/23 | $2,424,707 |
Brown Advisory | 9/29/23 | $3,169,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $507,889,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,441,687,692 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $305,808,839 |
| Total Revenue | $2,308,899,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,832,654 |
| Other employee salaries and wages | $126,819,646 |
| Pension plans, employee benefits | $18,082,185 |
| Interest | $123,643,046 |
| Taxes | $0 |
| Depreciation | $10,995,923 |
| Occupancy | $11,728,985 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92,854,461 |
| Total operating and administrative expenses | $449,000,192 |
| Contributions, gifts, grants paid | $1,368,137,185 |
| Total expenses and disbursements | $1,817,137,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,047,790 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,638,660 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,253,880 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $48,349,607,670 |
| Net Land, buildings, and equipment | $242,919,300 |
| Other assets | $124,023,120 |
| Total assets | $48,755,490,420 |
| Accounts payable and accrued expenses | $925,412,670 |
| Grants payable | $3,856,557,510 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,206,898,410 |
| Total liabilities | $8,988,868,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|