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  4. Burroughs Wellcome Fund
EIN 23-7225395

Burroughs Wellcome Fund

IRS 501(c) type
501(c)(3)
Num. employees
20
City
Research Triangle Park
State
North Carolina
Year formed
1972
Most recent tax filings
2023-08-01
NTEE code, primary
T21: Corporate foundations
Description
The Burroughs Wellcome Fund is a corporate foundation that grant funds returned are related to the primary activity of grantmaking. The fund made one grant last year and is located in Research Triangle Park, NC.
Total revenues
$28,040,204
2023
Total expenses
$36,957,017
2023
Total assets
$792,326,837
2023
Num. employees
20
2023

Program areas at Burroughs Wellcome Fund

Grant funds returned are related to primary activity of grantmaking.

Personnel at Burroughs Wellcome Fund

NameTitleCompensation
Louis J. MugliaPresident and Chief Executive Officer$475,586
Ken BrowndorfVice President , Finance and Chief Financial Officer$185,190
Victoria McGovern, PhDSenior Program Officer$171,560
Scott SchoedlerSenior Financial Advisor$416,904
Jennifer CaraballoAccounting Manager
...and 4 more key personnel

Financials for Burroughs Wellcome Fund

RevenuesFYE 08/2023
Total grants, contributions, etc.$0
Investment income and dividends$9,420,004
Net rental income$0
Net gain from sale of non-inventory assets$16,971,896
Gross sales of inventory$0
Miscellaneous revenues$1,648,304
Total revenues$28,040,204

Form 990s for Burroughs Wellcome Fund

Fiscal year endingDate received by IRSFormPDF link
2023-082024-07-10990PFView PDF
2022-082023-07-12990PFView PDF
2021-082022-07-12990PFView PDF
2020-082021-07-14990PFView PDF
2018-082019-09-05990PFView PDF
...and 7 more Form 990s

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Price Philanthropies FoundationLa Jolla, CA$26,148,917
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Montana Healthcare Foundation (MHCF)Bozeman, MT$41,465,932
The Scripps Howard FoundationCincinnati, OH$10,855,424
Rasmuson FoundationAnchorage, AK$33,697,600
Newman's Own FoundationWestport, CT$13,467,664
Data update history
October 20, 2024
Updated personnel
Identified 2 new personnel
September 21, 2024
Updated personnel
Identified 4 new personnel
August 31, 2024
Posted financials
Added Form 990PF for fiscal year 2023
August 30, 2024
Updated personnel
Identified 1 new personnel
August 26, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donationsAccepts online donations
General information
Address
21 TW Alexander Dr PO Box 13901
Research Triangle Park, NC 27709
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Website URL
bwfund.org/ 
Phone
(919) 991-5100
IRS details
EIN
23-7225395
Fiscal year end
August
Taxreturn type
Form 990-PF
Year formed
1972
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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