2023-07-12T08:00:18-05:00 2022-08-31 PwC US Tax LLP 655 NEW YORK AVENUE NW SUITE 1100 WASHINGTON DC 20001 990PF 2021-09-01 237225395 BURROUGHS WELLCOME FUND % BURROUGHS WELLCOME FUND BURR 9199915100 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 SCOTT SCHOEDLER V.P. FINANCE 9199915100 2023-07-05 true SCOTT SCHOEDLER 999009999 MICHAEL D HOFFMAN P01345551 2024141000 2023-07-11 3 2021 2023-04-26 12:10:37Z X 778637184 X 0 X 5378 5378 9758078 10506584 37453674 589803000 38115685 1070121 583912 48287251 49211559 973663 411369 562294 2332443 84177 2248266 1036025 86506 949519 41755 12622 0 18925 124846 48753 0 48753 3962064 3745874 177708 601041 409417 61413 366896 55034 311862 541386 18602 493830 70058 10091 58007 1210276 118317 1023125 11669870 4652758 0 5892289 30399498 34028517 42069368 4652758 0 39920806 6217883 44558801 2547121 2495344 2495344 696054 114303 696054 696054 31778 77928 77928 34454220 32823302 32823302 671392422 500561750 500561750 21790577 16791427 16791427 208470268 217885139 217885139 17902681 11397782 6741985 6504899 6504899 1262080 801341 801341 946804754 778637184 778637184 8928038 5709095 110312383 106684497 3532341 1394341 122772762 113787933 X 824031992 664849251 824031992 664849251 946804754 778637184 824031992 6217883 2138000 832387875 167538624 664849251 PUBLIC INVESTMENTS P 589803000 552349326 37453674 37453674 PRIVATE INVESTMENTS P 662011 662011 662011 38115685 619367 619367 619367 59141 0 600000 659141 X 20368 19406 19406 false false false 0 0 0 false false false false true true NC true false false false false true WWW.BWFUND.org BURROUGHS WELLCOME FUND 9199915100 21 TW ALEXANDER DRIVE RESEARCH TRIANGLE PARK NC 277093901 false false false false true false false false false false true false false false false false true false false false false false false false LOUIS MUGLIA 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 PRESIDENT - DIRECTOR 38.0 457294 62548 0 SCOTT SCHOEDLER 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 V.P. FINANCE 38.0 400869 62488 0 BRENDA ANDREWS 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER 1.0 10000 0 0 TERRENCE DERMODY 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER/INVEST COMMITTEE 1.0 11500 0 0 BRIAN DRUKER 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER 1.0 10000 0 0 GEOFFREY GERBER 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 INVESTMENT COMMITTEE 1.0 1500 0 0 MICHAEL GIARLA 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 INVESTMENT COMMITTEE 1.0 1500 0 0 TIM HASARA 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 INVESTMENT COMMITTEE 1.0 1500 0 0 PAULA HAMMOND 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER 1.0 10000 0 0 ROBERT LEFKOWITZ 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER 1.0 10000 0 0 WENDELL LIM 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER 1.0 10000 0 0 KELSEY MARTIN 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER 1.0 16500 0 0 MELISSA NIGRO 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 INVESTMENT COMMITTEE 1.0 1000 0 0 LAURETTA REEVES 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER/INVEST COMMITTEE 1.0 12000 0 0 CHRISTINE SEIDMAN 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER 1.0 10000 0 0 JENNY TING 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER 1.0 10000 0 0 JAMES HIRSCHMANN 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 INVESTMENT COMMITTEE 1.0 0 0 0 KEN BROWNDORF 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 SR. ASSET & ACCT MGR 38.0 168354 42431 0 VICTORIA MCGOVERN 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 SR. PROGRAM OFFICER 38.0 155963 36366 0 ALFRED MAYS 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 SR. PROGRAM OFFICER 38.0 130715 31905 0 KELLY ROSE 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 PROGRAM OFFICER 38.0 114107 28421 0 PAIGE COOPER 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 PROGRAM OFFICER 38.0 104697 20041 0 13 STATE STREET BANK 1 LINCOLN ST BOSTON MA 02111 CUSTODIAL BANKING 794187 BROWN ADVISORY 901 S BOND ST BALTIMORE MD 21231 MONEY MANAGEMENT 433214 HARDMAN JOHNSTON GLOBAL ADVISORS 300 ATLANTIC ST STAMFORD CT 06901 MONEY MANAGEMENT 338994 LOOMIS SAYLES 1 FINANCIAL CENTER BOSTON MA 02111 MONEY MANAGEMENT 324779 LSV ASSET MANAGEMENT 155 N WACKER DRIVE CHICAGO IL 60606 MONEY MANAGEMENT 268219 23 N/A NONE 848672997 1382551 2685402 852740950 0 852740950 12791114 839949836 41997492 41997492 619367 619367 41378125 1070121 42448246 42448246 39920806 0 146482 0 0 40067288 42448246 6455099 2019 2018 2017 0 0 40067288 6455099 33612189 0 0 0 0 8836057 0 0 NA NA SEE GENERAL EXPLANATION ATTACHMENT 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 9199915100 SEE GENERAL EXPLANATION ATTACHMENT AND WWW.BWFUND.ORG SEE GENERAL EXPLANATION ATTACHMENT AND WWW.BWFUND.ORG SEE GENERAL EXPLANATION ATTACHMENT AND WWW.BWFUND.ORG SEE GRANTS PAID ATTACHMENT 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 SEE GRANTS PAID ATTACHMENT 34028517 34028517 SEE GRANTS APPROVED ATTACHMENT 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 SEE GRANTS APPROVED ATTACHMENT 31851003 31851003 14 5378 14 9758078 18 37453674 GRANT FUNDS RETURNED 1070121 48287251 48287251 11B GRANT FUNDS RETURNED ARE RELATED TO PRIMARY ACTIVITY OF GRANTMAKING. false false false false false false false false false false PRICEWATERHOUSECOOPERS LLP 124846 48753 48753 NONE PART II, LINE 14 AND PART I, LINE 19: DEPRECIATION PART II, LINE 14 AND PART I, LINE 19: DEPRECIATION -------------------------------------------------- ACCUMULATED BASIS DEPRECIATION ASSETS ---------- ---------------- ---------- BUILDING 13,819,174 7,688,730 6,130,444 FURNITURE/OFFICE EQP 2,373,936 2,254,703 119,233 COMPUTER HARDWARE 1,589,097 1,454,349 134,748 FIXED ASSETS- OTHER 120,474 0 120,474 --------------------------------------------- TOTAL 17,902,681 11,397,782 6,504,899 ============================================= FORM 990-PF, PART I, LINE 19 ---------------------------- DEPRECIATION EXPENSE FOR YEAR ENDED AUG. 31, 2022: 409,417 SUPPLEMENTAL INFORMATION - GRANTS SUPPLEMENTAL INFORMATION - GRANTS THE MAJORITY OF THE BWF'S GRANTMAKING IS THROUGH COMPETITIVE AWARD PROGRAMS. MOST AWARDS ARE MADE TO DEGREE-GRANTING INSTITUTIONS IN THE UNITED STATES AND CANADA ON BEHALF OF INDIVIDUAL RESEARCHERS, WHO MUST BE NOMINATED BY THEIR INSTITUTION. ALL INSTITUTIONS RECEIVING AWARDS MUST BE TAX-EXEMPT 501(C)(3) ORGANIZATIONS. EACH PROGRAM HAS AN ADVISORY COMMITTEE CONSISTING OF MEMBERS WHO ARE EXTERNAL PEER REVIEWERS THAT LEND THEIR EXPERTISE AND TIME TO REVIEWING AND ASSESSING APPLICATIONS FOR BWF PROGRAMS. BWF SELECTS MEMBERS OF THESE COMMITTEES FOR THEIR SCIENTIFIC AND EDUCATIONAL EXPERTISE IN THE PROGRAM AREAS. THE COMMITTEE MEETS, FOR SOME PROGRAMS, TO INTERVIEW POTENTIAL NOMINEES, AND MAKE RECOMMENDATIONS BASED ON THEIR EXPERIENCES TO THE BWF BOARD OF DIRECTORS. MEMBERS OF THE VARIOUS ADVISORY COMMITTEES ARE COMPLETE AND SEPARATE BODIES FROM THE BWF BOARD OF DIRECTORS. TO APPLY FOR THE COMPETITIVE AWARD PROGRAMS, SELECT THE PROGRAM BELOW AND FOLLOW THE GUIDELINES AND APPLICATION REQUIREMENTS. ALL APPLICATIONS MUST BE SUBMITTED NO LATER THAN 4:00 P.M., EASTERN TIME, ON THE DEADLINE DATE PROVIDED FOR THE INDICATED PROGRAM. TO COMPLEMENT THESE COMPETITIVE AWARD PROGRAMS, WE ALSO MAKE MODEST GRANTS ON AN "AD HOC" BASIS TO NONPROFIT ORGANIZATIONS CONDUCTING ACTIVITIES INTENDED TO IMRPOVE THE GENERAL ENVIRONMENT FOR SCIENCE. THESE NONCOMPETITIVE GRANTS ARE FOR ACTIVITIES CLOSELY RELATED TO OUR FOCUS AREAS IDENTIFIED ABOVE. THE BURROUGHS WELLCOME FUND IS COMMITTED TO SUPPORTING SCIENCE EDUCATION FOR PRIMARY AND SECONDARY STUDENTS AND HAS PARTNERED WITH VARIOUS ORGANIZATIONS TO HELP DEVELOP AN INFRASTRUCTURE FOR IMPROVING SCIENCE, MATHEMATICS, AND TECHNOLOGY EDUCATION ACROSS NORTH CAROLINA. CORPORATE BONDS 16791427 16791427 CORPORATE STOCKS 500561750 500561750 32823302 32823302 OTHER INVESTMENTS 217885139 217885139 LEGAL 41755 12622 18925 ACCRUED INTEREST AND DIVIDENDS 1262080 801341 801341 UNREALIZED LOSSES ON INVESTMENTS 167538624 OFFICE / ADMINISTRATIVE 56409 8414 47678 TELEPHONE / INFORMATION TECH. 496844 73158 410275 STAFF DEVELOPMENT 125492 18824 106668 GENERAL INSURANCE 33185 4978 28207 MISCELLANEOUS EXPENSE 88951 5309 49536 ADVERTISING 64395 7634 43261 HONORARIA PAID 337500 0 337500 SPONSORSHIPS 7500 0 0 PARTNERSHIP INCOME 583912 GRANT FUNDS RETURNED 1070121 DEFERRED FEDERAL EXCISE TAX PROVISION 2138000 DEFERRED FEDERAL EXCISE TAX PAYABLE 3532341 1394341 INVESTMENT EXPENSE 3740874 3740874 CONSULTING 221190 5000 177708 FEDERAL EXCISE TAXES 595000 UNRELATED BUSINESS INCOME TAX 6041