2026-07-14T11:36:44-05:00 2025-08-31 PwC US Tax LLP 655 NEW YORK AVENUE NW STE 1100 WASHINGTON DC 20001 990PF 2024-09-01 237225395 BURROUGHS WELLCOME FUND % BURROUGHS WELLCOME FUND BURR 9199915100 21 TW ALEXANDER DR DURHAM NC 277132847 KEN BROWNDORF V.P. FINANCE 9199915100 2026-07-14 true true MICHAEL HOFFMAN P01345551 2024141000 2026-07-13 2024 2025-03-06 01:10:19Z X 885672359 X 0 X 20503 20503 8702343 11022559 55672040 575804000 53983009 1851046 3912867 66245932 68938938 908340 284000 624340 2812547 424116 2015479 1109058 133839 852475 33194 6265 0 26929 118676 43388 0 43388 4093930 3119571 0 881560 1896105 447398 67027 357098 53565 303533 1400988 39927 1218827 108040 14393 88519 1357429 105922 1069634 14642803 4292013 0 7124684 30212419 39902052 44855222 4292013 0 47026736 21390710 64646925 0 2928880 2768502 2768502 22576 16192 22576 22576 36049 67186 67186 32137655 30300022 30300022 473280231 457609565 457609565 18362593 12796764 12796764 313952423 375133814 375133814 18121516 12692361 5799084 5429155 5429155 1520684 1544775 1544775 848033791 885672359 885672359 3313824 4411384 91378334 81689686 2344000 2675373 97036158 88776443 X 750997633 796895916 750997633 796895916 848033791 885672359 750997633 21390710 24838946 797227289 331373 796895916 PUBLIC INVESTMENTS P 575804000 520131960 55672040 55672040 PRIVATE INVESTMENTS P 0 1689031 -1689031 -1689031 53983009 898592 898592 898592 29844 0 925000 954844 X 45173 11079 11079 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 DURHAM NC 277132847 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 DURHAM NC 277132847 PRESIDENT - DIRECTOR 38.0 519340 67246 0 DR BRENDA ANDREWS 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD CHAIR 1.0 15000 0 0 DR BRIAN DRUKER 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER 1.0 10000 0 0 DR CHRISTINE SEIDMAN 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER/INVEST COMMITTEE 1.0 11500 0 0 MS DEBORAH BLUM 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER 1.0 10000 0 0 DR HARMIT MALIK 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER 1.0 10000 0 0 DR KAFUI DZIRASA 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER 1.0 10000 0 0 MR MICHAEL GIARLA 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER, INVESTMENT CHAIR 1.0 12000 0 0 DR WENDELL LIM 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER 1.0 10000 0 0 DR GEOFFREY GERBER 21 TW ALEXANDER DR DURHAM NC 277132847 INVESTMENT COMMITTEE 1.0 1500 0 0 MS LAURETTA REEVES 21 TW ALEXANDER DR DURHAM NC 277132847 INVESTMENT COMMITTEE 1.0 1500 0 0 MS MELISSA NIGRO 21 TW ALEXANDER DR DURHAM NC 277132847 INVESTMENT COMMITTEE 1.0 1000 0 0 MR TIM HASARA 21 TW ALEXANDER DR DURHAM NC 277132847 INVESTMENT COMMITTEE 1.0 1500 0 0 DR CYNTHIA K LARIVE 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER-AS OF 10/31/24 1.0 10000 0 0 DR BLOSSOM DAMANIA 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER-AS OF 10/31/24 1.0 10000 0 0 KEN BROWNDORF 21 TW ALEXANDER DR DURHAM NC 277132847 Vice President, Finance & CFO 38.0 275000 54725 0 DR JENNY TING 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER, CHAIR-THRU 10/24 1.0 0 0 0 DR ROBERT LEFKOWITZ 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER-THRU 02/2025 1.0 0 0 0 DR PAULA HAMMOND 21 TW ALEXANDER DR DURHAM NC 277132847 BOARD MEMBER-THRU 10/31/24 1.0 0 0 0 MR JAMES HIRSCHMAN 21 TW ALEXANDER DR DURHAM NC 277132847 INVEST COMMITTEE-THRU 10/31/24 1.0 0 0 0 SCOTT SCHOEDLER 21 TW ALEXANDER DR DURHAM NC 277132847 V.P. FINANCE 38.0 375000 66159 0 ALFRED MAYS 21 TW ALEXANDER DR DURHAM NC 277132847 SR. PROGRAM OFFICER 38.0 163800 47516 0 TAMMY COLLINS 21 TW ALEXANDER DR DURHAM NC 277132847 PROGRAM OFFICER 38.0 162162 33666 0 PAIGE COOPER 21 TW ALEXANDER DR DURHAM NC 277132847 PROGRAM OFFICER 38.0 141960 40813 0 VICTORIA MCGOVERN 21 TW ALEXANDER DR DURHAM NC 277132847 SR. PROGRAM OFFICER 38.0 189127 44643 16 STATE STREET BANK 1 LINCOLN STREET BOSTON MA 02111 CUSTODIAN BANKING 607777 COLUMBIA MANAGEMENT INVESTMENT ADVISORS 290 CONGRESS STREET BOSTON MA 02210 MONEY MANAGEMENT 392732 LOOMIS SAYLES 1 FINANCIAL CENTER BOSTON MA 021112621 MONEY MANAGEMENT 364881 PZENA INVESTMENT MANAGEMENT LLC 320 PARK AVENUE NEW YORK NY 10022 MONEY MANAGEMENT 264930 UMSTEAD HOTEL & SPA LLC 100 WOODLAND POND DRIVE CARY NC 27513 HOTEL 244526 35 N/A NONE 837801806 1246016 2716318 841764140 0 841764140 12626462 829137678 41456884 41456884 898592 898592 40558292 1851046 42409338 42409338 47026736 0 55961 0 0 47082697 42409338 1557757 2022 2021 2020 0 0 47082697 1557757 42409338 3115602 3115602 0 3115602 0 3115602 NA NA SEE GENERAL EXPLANATION ATTACHMENT 21 TW ALEXANDER DR DURHAM NC 277132847 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 DURHAM NC 277132847 SEE GRANTS PAID ATTACHMENT 39902052 39902052 SEE GRANTS APPROVED ATTACHMENT 21 TW ALEXANDER DR DURHAM NC 277132847 SEE GRANTS APPROVED ATTACHMENT 20936810 20936810 14 20503 14 8702343 901101 -1284 18 55673324 GRANT FUNDS RETURNED 1851046 -1284 66247216 66245932 false false false false false false false false false false PRICEWATERHOUSECOOPERS LLP 118676 43388 43388 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 8,725,167 5,094,007 FURNITURE/OFFICE EQP 2,432,567 2,367,990 64,577 COMPUTER HARDWARE 1,725,469 1,599,204 126,265 FIXED ASSETS- OTHER 144,306 0 144,306 --------------------------------------------- TOTAL 18,121,516 12,692,361 5,429,155 ============================================= FORM 990-PF, PART I, LINE 19 ---------------------------- DEPRECIATION EXPENSE FOR YEAR ENDED AUG. 31, 2025: 447,398 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 12796764 12796764 CORPORATE STOCKS 457609565 457609565 30300022 30300022 OTHER INVESTMENTS 375133814 375133814 EVERSHEDS SUTHERLAND LLP 6265 6265 0 0 SMITH, ANDERSON, BLOUNT LLP 26929 0 0 26929 ACCRUED INTEREST AND DIVIDENDS 1520684 1544775 1544775 DEFERRED FEDERAL EXCISE TAX PROVISION 331373 OFFICE / ADMINISTRATIVE 28171 4043 22910 TELEPHONE / INFORMATION TECH. 448882 85994 346467 STAFF DEVELOPMENT 34404 5161 29243 GENERAL INSURANCE 46613 6992 39621 MISCELLANEOUS EXPENSE 204436 107 70320 ADVERTISING 46895 3625 20544 HONORARIA PAID 489200 0 481701 SPONSORSHIPS 58828 0 58828 PARTNERSHIP INCOME 0 3912867 GRANT FUNDS RETURNED 1851046 0 UNREALIZED GAINS ON INVESTMENTS 24838946 DEFERRED FEDERAL EXCISE TAX PAYABLE 2344000 2675373 INVESTMENT EXPENSE 3119571 3119571 0 0 CONSULTING 974359 0 0 881560 FEDERAL EXCISE TAXES 1896085 UNRELATED BUSINESS INCOME TAX 20