THE WELLCOME TRUST: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE WELLCOME TRUST (EIN 98-6038021)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-07-30
- IRS object ID
- 202532119349100518
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Expln Of Non Filing With AG Stmt
- General Explanation Attachment
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-07-30T14:32:36-05:00 | ReturnTs |
| Tax Period End | 2024-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PwC US Tax LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 655 NEW YORK AVE NW STE 1100 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 986038021 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WELLCOME TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THE WELLCOME TRUST | InCareOfNm |
| Business Name Control | WELL | BusinessNameControlTxt |
| Phone | 2076118638 | PhoneNum |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 EUSTON ROAD | AddressLine1Txt |
| City | LONDON | CityNm |
| Province Or State | ENGLAND | ProvinceOrStateNm |
| Country | UK | CountryCd |
| Foreign Postal | NW1 2BE | ForeignPostalCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOANNA KLAENTSCHI | PersonNm |
| Person Title | HEAD OF TAX | PersonTitleTxt |
| Phone | 2076118638 | PhoneNum |
| Signature | 2025-07-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MEREDITH MONROE | PreparerPersonNm |
| PTIN | P01441362 | PTIN |
| Phone | 2024141000 | PhoneNum |
| Preparation | 2025-07-17 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Organization | Yes (X) | ForeignOrganizationInd |
| Foreign Org Meeting85 Pct Test | Yes (X) | ForeignOrgMeeting85PctTestInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $54,230,100,300 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $524,741,576 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $95,159,834 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $60,180,863 | GrossRentsRevAndExpnssAmt |
| Net Gain Sale Ast Rev And Expnss | $262,942,125 | NetGainSaleAstRevAndExpnssAmt |
| Other Income Rev And Expnss | $103,348,571 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $6,534,701 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $951,213,135 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $101,694,535 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $2,920,168 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $146,770,206 | OthEmplSlrsWgsRevAndExpnssAmt |
| Pension Empl Bnft Rev And Expnss | $9,649,252 | PensionEmplBnftRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $71,734,573 | OtherProfFeesRevAndExpnssAmt |
| Interest Rev And Expnss | $101,317,149 | InterestRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $13,204,240 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $11,426,746 | OccupancyRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $128,106,521 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $485,128,855 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,769,368,160 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,254,497,015 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,303,283,880 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $101,694,535 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $24,047,790 | CashBOYAmt |
| Cash EOY | $11,401,050 | CashEOYAmt |
| Cash EOYFMV | $11,401,050 | CashEOYFMVAmt |
| Acct Rcvbl | $2,548,470 | AcctRcvblAmt |
| Acct Rcvbl BOY | $4,638,660 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $2,548,470 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $2,548,470 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $10,253,880 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $9,791,490 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $9,791,490 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $48,349,607,670 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $53,830,258,770 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $53,830,258,770 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $487,428,420 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $226,411,440 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $242,919,300 | LandBOYAmt |
| Land EOY | $261,016,980 | LandEOYAmt |
| Land EOYFMV | $261,016,980 | LandEOYFMVAmt |
| Other Assets BOY | $124,023,120 | OtherAssetsBOYAmt |
| Other Assets EOY | $115,083,540 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $115,083,540 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $48,755,490,420 | TotalAssetsBOYAmt |
| Total Assets EOY | $54,230,100,300 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $54,230,100,300 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $925,412,670 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $502,585,110 | AccountsPayableEOYAmt |
| Grants Payable BOY | $3,856,557,510 | GrantsPayableBOYAmt |
| Grants Payable EOY | $4,972,064,970 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $4,206,898,410 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $4,520,046,870 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $8,988,868,590 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,994,696,950 | TotalLiabilitiesEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $39,766,621,830 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $44,235,403,350 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $48,755,490,420 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $54,230,100,300 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $39,766,621,830 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,303,283,880 | ExcessRevenueOverExpensesAmt |
| Other Increases | $5,772,065,400 | OtherIncreasesAmt |
| Subtotal | $44,235,403,350 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $44,235,403,350 | TotNetAstOrFundBalancesEOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cap Gains Loss Tx Invst Incm Detail | CapGainsLossTxInvstIncmDetail |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,067,781 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,067,781 | SubtotalAmt |
| Tax Based On Investment Income | $4,067,781 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $4,085,861 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $4,085,861 | TotalPaymentsAndCreditsAmt |
| Overpayment | $18,080 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $18,080 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | false | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | false | ComplyWithPublicInspRqrInd |
| Website Address | WWW.WELLCOME.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WELLCOME TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2076118638 | PhoneNum |
Location Of Books Foreign Address LocationOfBooksForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 EUSTON ROAD | AddressLine1Txt |
| City | LONDON | CityNm |
| Province Or State | ENGLAND | ProvinceOrStateNm |
| Country | UK | CountryCd |
| Foreign Postal | NW1 2BE | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (true) | ForeignAccountsQuestionInd |
| Foreign Country | UK | ForeignCountryCd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| CILLA SNOWBALL | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | DIRECTOR | 7.0 | $90,210 | $0 | $0 |
| RICHARD GILLINGWATER | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | DIRECTOR | 7.0 | $90,210 | $0 | $0 |
| AS SY | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | DIRECTOR | 7.0 | $90,210 | $0 | $0 |
| PROFESSOR JULIA GILLARD | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | CHAIR | 21.0 | $180,420 | $0 | $0 |
| ARUP CHAKRABORTY | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | DIRECTOR | 7.0 | $90,210 | $0 | $0 |
| GABRIEL LEUNG | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | DIRECTOR | 7.0 | $90,210 | $0 | $0 |
| IJEOMA UCHEGBU | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | DIRECTOR | 7.0 | $90,210 | $0 | $0 |
| FIONA POWRIE | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | DIRECTOR/DEPUTY CHAIR | 7.0 | $135,315 | $0 | $0 |
| DIANA NOBLE | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | DIRECTOR | 7.0 | $81,668 | $0 | $0 |
| STEPHEN LOVEGROVE | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | DIRECTOR | 7.0 | $81,668 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|---|
| MR NICK MOAKES | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | CIO | 35.0 | $6,426,047 | $2,541 | $0 |
| MR FABIAN THEHOS | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | MGMT DIR-INVESTMENTS | 35.0 | $4,212,780 | $33,582 | $0 |
| MS LISHA PATEL | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | MGMT DIR-INVESTMENTS | 35.0 | $3,505,743 | $2,541 | $0 |
| MR GEOFF LOVE | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | PRINCIPL,VENT EQUITY | 35.0 | $3,247,144 | $15,237 | $0 |
| MR PETER PEREIRA GRAY | |||||||||
| 215 EUSTON ROAD | LONDON | ENGLAND | UK | NW1 2BE | EMERITUS PTR,INVMNTS | 20.0 | $2,830,501 | $2,541 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 863 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Service TypeServiceTypeTxt | CompensationCompensationAmt | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|---|
| SAVILLS | |||||||||
| 33 MARGARET STREET | LONDON | UK | W1G 0JD | PROPERTY MGMT | $7,258,494 | ||||
| WELLINGTON MANAGEMENT INTERNATIONAL LTD | |||||||||
| CARDINAL PLACE 80 VICTORIA STREET | LONDON | UK | SW1E 5JL | INVESTMENT MGMT | $6,478,949 | ||||
| BROWN ADVISORY | |||||||||
| INVESTMENT MGMT | $3,936,776 | 901 SOUTH BOND STREET SUITE 400 | BALTIMORE | MD | 21231 | ||||
| COMGEST | |||||||||
| 46 ST STEPHENS GREEN | DUBLIN | EI | 2 | INVESTMENT MGMT | $2,985,529 | ||||
| T ROWE PRICE ASSOCIATES INC | |||||||||
| INVESTMENT MGMT | $2,685,247 | PO BOX 64043 | BALTIMORE | MD | 212644043 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 146 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOT APPLICABLE DUE TO FOREIGN STATUS | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOT APPLICABLE DUE TO FOREIGN STATUS | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $0 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $0 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $0 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $0 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NA | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | NONE | RecipientPersonNm |
Recipient Foreign Address RecipientForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 EUSTON ROAD | AddressLine1Txt |
| City | LONDON | CityNm |
| Province Or State | ENGLAND | ProvinceOrStateNm |
| Country | UK | CountryCd |
| Foreign Postal | NW1 2BE | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Email Address | NONE | RecipientEmailAddressTxt |
| Form And Info And Materials | NONE | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $524,741,576 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 24 | ExclusionCd |
| Exclusion | $103,348,571 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $262,942,125 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $891,032,272 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $891,032,272 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (6 entries)
| PropertyPropertyDesc | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|
| FREEHOLD LAND/BLDS | $279,052,020 | $100,829,820 | $15,058,500 |
| LEASEHOLD LAND/BLD | $1,831,050 | $97,111,150 | $180,900 |
| FINANCE LEASE BLDS | $0 | $0 | |
| FINANCE LEASE P&E | $0 | $0 | |
| EQUIPMENT FIXTURES | $167,846,250 | $128,986,240 | |
| FREEHOLD ASSET CIP | $8,178,690 | $0 | $0 |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE WELLCOME TRUST IS A FOREIGN FOUNDATION DESCRIBED IN SECTION 4948(B) OF THE INTERNAL REVENUE CODE. | ExplanationTxt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (3 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| ITEM D2 | ITEM D2 | THE WELLCOME TRUST (THE "TRUST") IS A FOREIGN CHARITABLE TRUST CREATED IN 1936 BY THE WILL OF THE LATE SIR HENRY WELLCOME. THE TRUST IS REGISTERED UNDER THE CHARITIES ACT OF 1993 OF THE UNITED KINGDOM. SINCE ITS CREATION, THE TRUST HAS RECEIVED AT LEAST 85% OF ITS SUPPORT FROM SOURCES OUTSIDE THE UNITED STATES, WITHIN THE MEANING OF TREASURY REGULATION SECTION 53.4948-1(B), AS CALCULATED BELOW: INCEPTION TO DATE (IN GBP) SUPPORT FROM US SOURCES GIFTS, GRANTS, CONTRIBUTIONS, OR MEMBERSHIP FEES 0 GROSS RECEIPTS FROM SALES OF GOODS AND SERVICES 0 NET INCOME FROM UNRELATED BUSINESS ACTIVITIES (25,964,126) ------------ TOTAL SUPPORT FROM US SOURCES (25,964,126) SUPPORT FROM NON-US SOURCES GIFTS, GRANTS, CONTRIBUTIONS, OR MEMBERSHIP FEES 1,916,942,143 GROSS RECEIPTS FROM SALES OF GOODS AND SERVICES 31,253,658 NET INCOME FROM UNRELATED BUSINESS ACTIVITIES 1,447,640 ------------ TOTAL SUPPORT FROM NON-US SOURCES 1,949,643,442 TOTAL SUPPORT FROM US AND NON-US SOURCES 1,923,679,315 PERCENTAGE OF NON-US SUPPORT 100% |
| FORM 990-PF, PAGE 5, PART VI-B, LINE 3B | FORM 990-PF, PAGE 5, PART VI-B, LINE 3B | DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2024, NORTH LONDON VENTURES LIMITED("NORTH LONDON") AND GOWER PLACE INVESTMENTS LIMITED ("GOWER PLACE"), TWO ENGLISH CORPORATIONS ACTING AS HOLDING COMPANIES, OWNED, BY ATTRIBUTION, MORE THAN 20% OF THE VOTING STOCK OF VARIOUS UK COMPANIES, WHICH MAY CONSTITUTE "BUSINESS ENTERPRISES" AS THAT TERM IS DEFINED IN IRC SECTION 4943(D)(3). DURING THE FISCAL YEAR WELLCOME TRUST OWNED 20% OF THE VOTING FIXED-SHARE PREFERRED STOCK AND 100% OF THE NON-VOTING COMMON STOCK OF NORTH LONDON AND GOWER PLACE. THE REMAINING 80% OF THE VOTING FIXED-SHARE PREFERRED STOCK OF NORTH LONDON AND GOWER PLACE WAS AND REMAINS OWNED BY A U.K. PHILANTHROPIC TRUST THAT IS NOT RELATED TO EITHER WELLCOME TRUST OR TO ANY OF WELLCOME TRUST'S DISQUALIFIED PERSONS. WELLCOME TRUST DOES NOT DIRECTLY OWN ANY OF THE STOCK OF THE ENTITIES OWNED AND CONTROLLED BY NORTH LONDON AND GOWER PLACE. AT NO TIME SINCE THE FORMATION OF NORTH LONDON AND GOWER PLACE HAVE DISQUALIFIED PERSONS WITH RESPECT TO WELLCOME TRUST HELD ANY STOCK IN NORTH LONDON OR GOWER PLACE OR IN ANY OF THE UNDERLYING ENTITIES REFERRED TO ABOVE. HOLDERS OF THE VOTING PREFERRED STOCK IN NORTH LONDON AND GOWER PLACE HAVE THE RIGHT TO ELECT AND REMOVE THE DIRECTORS OF NORTH LONDON AND GOWER PLACE AT ANY TIME, WITH WELLCOME TRUST ENTITLED TO ELECT AND REMOVE 20% OF THE NORTH LONDON AND GOWER PLACE DIRECTORS, AND THE UNRELATED U.K. PHILANTHROPIC TRUST ENTITLED TO ELECT AND REMOVE 80% OF THE NORTH LONDON AND GOWER PLACE DIRECTORS. AT THE PRESENT TIME, ALL OF THE DIRECTORS OF NORTH LONDON AND GOWER PLACE ARE ALSO EMPLOYEES OF WELLCOME TRUST, ALTHOUGH 80% OF THESE DIRECTORS COULD BE REMOVED AT ANY TIME BY VOTE OF THE UNRELATED U.K. PHILANTHROPIC TRUST. WELLCOME TRUST HOLDS A CALL OPTION THAT PERMITS IT TO PURCHASE THE VOTING STOCK OF NORTH LONDON AND GOWER PLACE OWNED BY THE UNRELATED U.K. PHILANTHROPIC TRUST AT FAIR MARKET VALUE UPON TWO MONTHS' NOTICE. THE CALL OPTION HAS NOT BEEN EXERCISED. BECAUSE WELLCOME TRUST DOES NOT OWN (EITHER DIRECTLY OR BY ATTRIBUTION) MORE THAN 20% OF THE VOTING STOCK IN NORTH LONDON OR GOWER PLACE OR IN ANY OF THE UNDERLYING ENTITIES REFERRED TO ABOVE, AND NO DISQUALIFIED PERSONS WITH RESPECT TO WELLCOME TRUST OWN ANY STOCK IN NORTH LONDON OR GOWER PLACE OR IN ANY OF THE UNDERLYING ENTITIES, THE ORGANIZATION HAS DETERMINED THAT WELLCOME TRUST'S INTERESTS IN NORTH LONDON AND GOWER PLACE AND THE UNDERLYING ENTITIES REFERRED TO ABOVE DO NOT CONSTITUTE EXCESS BUSINESS HOLDINGS UNDER 4943 AND THE TREASURY REGULATIONS ISSUED THEREUNDER. |
| FORM 990-PF, PAGE 6, PART VI-B, LINE 5D | FORM 990-PF, PAGE 6, PART VI-B, LINE 5D | NOTE A: THE WELLCOME TRUST IS A U.K. TRUST AND HAS RECEIVED A DETERMINATION LETTER FOR EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND COMPLIES WITH TREASURY REGULATION SECTION 53.4945-5(B)(6). |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| UNQUOTED INVESTMENTS | FMV | $23,159,958,840 | $23,159,958,840 |
| QUOTED INVESTMENTS | FMV | $18,743,326,200 | $18,743,326,200 |
| SHARES IN SUBSIDIARIES | FMV | $4,299,403,020 | $4,299,403,020 |
| INVESTMENT PROPERTIES | FMV | $1,851,932,910 | $1,851,932,910 |
| DERIVATIVE FINANCIAL | FMV | $316,546,800 | $316,546,800 |
| OTHER INVESTMENTS | FMV | $5,459,091,000 | $5,459,091,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| FREEHOLD LAND/BLDS | $306,621,180 | $115,888,320 | $190,732,860 |
| LEASEHOLD LAND/BLD | $2,011,950 | $2,011,950 | |
| FINANCE LEASE BLDS | $0 | $0 | $0 |
| FINANCE LEASE P&E | $0 | $0 | $0 |
| EQUIPMENT FIXTURES | $173,832,480 | $108,511,170 | $65,321,310 |
| FREEHOLD ASSET CIP | $4,962,810 | $0 | $4,962,810 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE FROM SUBSIDIARIES | Desc |
| BOY Book Value | $124,023,120 | BOYBookValueAmt |
| EOY Book Value | $115,083,540 | EOYBookValueAmt |
| EOYFMV | $115,083,540 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| INVESTMENT COSTS | $20,949,035 |
| OFFICE EXPENSES | $35,295,949 |
| ADVISORY COMMITTEE EXPENSES | $2,539,277 |
| OTHER DIRECT COSTS | $69,322,260 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| CURRENCY GAINS | -$107,792,305 | |
| OTHER REVENUE | $211,140,876 | |
| OTHER INCOME FROM PASSTHROUGH | $5,417,410 | |
| ROYALTIES FROM PASSTHROUGH | $613,070 | |
| EFFECTIVELY CONNECTED INTEREST INCOME | $417,089 | |
| REAL ESTATE INCOME FROM PASSTHROUGH | $55,391 | |
| TOTAL DIRECT ROYALTIES | $31,741 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN | $1,814,440,325 |
| CHANGE IN FUND BALANCE DUE TO | $3,957,625,075 |
| FLUCTUATION IN EXCHANGE RATE | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| LONG-TERM ACCOUNTS PAYABLE | $2,725,456,890 | $2,976,612,960 |
| DUE TO SUBSIDIARIES | $1,551,631,770 | $1,649,530,740 |
| PROVISION FOR LIABILITIES | $97,167,720 | $114,681,150 |
| PENSION LIABILITY | -$167,357,970 | -$220,777,980 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| INVESTMENT MANAGEMENT FEES | $25,646,697 |
| CONSULTANCY FEES | $24,504,022 |
| EQUITY COSTS | $16,632,264 |
| TRUSTEE COMPANY FEES | $253,928 |
| OTHER PROFESSIONAL FEES | $4,697,662 |
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