2024-07-10T07:39:07-05:00 2023-08-31 PwC US Tax LLP 655 NEW YORK AVENUE NW STE 1100 WASHINGTON DC 20001 990PF 2022-09-01 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 2024-07-09 true SCOTT SCHOEDLER 999009999 TRAVIS L PATTON P00369623 2024141000 2024-07-09 3 2022 2023-04-26 12:10:37Z X 792326837 X 0 X 49936 49936 9370068 11945928 16971896 378634000 14948990 1648304 4466798 28040204 31411652 1018490 427904 579586 2384928 92595 2292334 1047598 91339 956258 49281 13700 0 35581 125693 47971 0 47971 3318647 2968495 316770 291385 410001 61500 348450 52267 296182 1416856 56655 1233352 158617 17671 115523 1385071 99703 1185870 11955017 3929800 0 7059427 25002000 34200360 36957017 3929800 0 41259787 -8916813 27481852 2495344 2085360 2085360 112090 696054 112090 112090 77928 28076 28076 32823302 30280079 30280079 500561750 488093957 488093957 16791427 15704435 15704435 217885139 248579504 248579504 17927218 11807783 6504899 6119435 6119435 801341 1323901 1323901 778637184 792326837 792326837 5709095 3945794 106684497 97473693 1394341 1864341 113787933 103283828 X 664849251 689043009 664849251 689043009 778637184 792326837 664849251 -8916813 33580571 689513009 470000 689043009 PUBLIC INVESTMENTS P 378634000 361662104 16971896 16971896 PRIVATE INVESTMENTS P 0 2022906 -2022906 -2022906 14948990 381998 381998 381998 0 375000 375000 X 20091 27089 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 475586 65602 0 SCOTT SCHOEDLER 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 V.P. FINANCE 38.0 416904 64387 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 10500 0 0 MELISSA NIGRO 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 INVESTMENT COMMITTEE 1.0 1500 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 16000 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 DEBORAH BLUM 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 BOARD MEMBER 1.0 10000 0 0 KEN BROWNDORF 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 SR. ASSET & ACCT MGR 38.0 185190 46787 0 VICTORIA MCGOVERN 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 SR. PROGRAM OFFICER 38.0 171560 40640 0 ALFRED MAYS 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 SR. PROGRAM OFFICER 38.0 150000 38784 0 TAMMY COLLINS 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 PROGRAM OFFICER 38.0 146125 28475 0 PAIGE COOPER 21 TW ALEXANDER DR RESEARCH TRIANGLE PARK NC 277093901 PROGRAM OFFICER 38.0 130000 34654 0 13 LOOMIS SAYLES 1 FINANCIAL CENTER BOSTON MA 02111 MONEY MANAGEMENT 448176 COLUMBIA THREADNEEDLE AMERIPRISE INC 290 CONGRESS STREET BOSTON MA 02210 MONEY MANAGEMENT 419113 STATE STREET BANK 1 LINCOLN STREET BOSTON MA 02111 CUSTODIAL BANKING 357243 BROWN ADVISORY 901 S BOND STREET BALTIMORE MD 21231 MONEY MANAGEMENT 329178 LSV ASSET MANAGEMENT 155 NORTH WACKER DRIVE CHICAGO IL 60606 MONEY MANAGEMENT 249894 24 N/A NONE 769769475 1918970 2689083 774377528 0 774377528 11615663 762761865 38138093 38138093 381998 381998 37756095 1648304 39404399 39404399 41259787 0 20856 0 0 41280643 39404399 8836057 2020 2019 2018 0 0 41280643 8836057 32444586 0 0 0 0 6959813 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 34200360 34200360 SEE GRANTS APPROVED ATTACHMENT 21 TW ALEXANDER DR PO BOX 13901 RESEARCH TRIANGLE PARK NC 277093901 SEE GRANTS APPROVED ATTACHMENT 28920694 28920694 14 49936 14 9370068 901101 625 18 16971271 GRANT FUNDS RETURNED 1648304 PARTNERSHIP INCOME 901101 -48 48 577 28039627 28040204 false false false false false false false false false false PRICEWATERHOUSECOOPERS LLP 125693 47971 47971 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 8,034,192 5,784,982 FURNITURE/OFFICE EQP 2,373,936 2,283,594 90,342 COMPUTER HARDWARE 1,610,934 1,489,997 120,937 FIXED ASSETS- OTHER 123,174 0 123,174 --------------------------------------------- TOTAL 17,927,218 11,807,783 6,119,435 ============================================= FORM 990-PF, PART I, LINE 19 ---------------------------- DEPRECIATION EXPENSE FOR YEAR ENDED AUG. 31, 2023: 410,001 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 IMPROVE 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 15704435 15704435 CORPORATE STOCKS 488093957 488093957 30280079 30280079 OTHER INVESTMENTS 248579504 248579504 LEGAL 49281 13700 35581 ACCRUED INTEREST AND DIVIDENDS 801341 1323901 1323901 DEFERRED FEDERAL EXCISE TAX PROVISION 470000 OFFICE / ADMINISTRATIVE 30923 4550 25163 TELEPHONE / INFORMATION TECH. 616328 65716 522974 STAFF DEVELOPMENT 43533 6491 36782 GENERAL INSURANCE 36839 5141 29131 MISCELLANEOUS EXPENSE 213198 16035 134540 ADVERTISING 28000 1770 10030 HONORARIA PAID 373950 384950 SPONSORSHIPS 42300 42300 PARTNERSHIP INCOME 0 4466798 GRANT FUNDS RETURNED 1648304 UNREALIZED GAINS ON INVESTMENTS 33580571 DEFERRED FEDERAL EXCISE TAX PAYABLE 1394341 1864341 INVESTMENT EXPENSE 2947495 2947495 CONSULTING 371152 21000 316770 FEDERAL EXCISE TAXES 291385