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Filing year 2023

THE WELLCOME TRUST

·EIN 98-6038021·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$951.2M
Total assets
$54.2B
Total expenses
$2.3B
Reported officers
10

Executive compensation

Form 990-PF · Part VIII · 10 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

Chair
Board Chair
75th to 90th percentile
$180k
$198k
Director/deputy Chair
Board Chair
75th to 90th percentile
$135k
$149k
Director
Unclassified
$90k
$99k
Director
Unclassified
$90k
$99k
Director
Unclassified
$90k
$99k
Director
Unclassified
$90k
$99k
Director
Unclassified
$90k
$99k
Director
Unclassified
$90k
$99k
Director
Unclassified
$82k
$90k
Director
Unclassified
$82k
$90k

Teal figures restate each filed amount in 2026 dollars.

Estimated with national BLS CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE WELLCOME TRUST equaled 0.0% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
0.0%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 22%
from 2022

From $232k in 2022 to $180k in 2023.

$232k
2022
$180k
2023
In today's dollarsEst.
Down 25% in real terms$266k to $198k

Estimated with national BLS CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Chair pay fell 22% from 2022 to 2023, while revenue fell 59%.

$232k in 2022 to $180k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE WELLCOME TRUST reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.3B
$1.8B
2022
$951.2M
$2.3B
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1B+), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn

Comparable philanthropy, voluntarism & grantmaking organizations nationwide pay their highest-earning executive a median of $17,576.

25th percentile
$5k
Median
$17,576
75th percentile
$60k
90th percentile
$152k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 35,966 organizations across 35,966 filings (2020 – 2024).

See full Philanthropy, Voluntarism & Grantmaking compensation data
FAQ

Common questions about THE WELLCOME TRUST

What does the Board Chair of THE WELLCOME TRUST earn?

In 2023, the Board Chair of THE WELLCOME TRUST received $180,420 in total compensation. This pay is in the top quarter for Board Chair roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Chair pay at THE WELLCOME TRUST compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2023 pay of the Board Chair at THE WELLCOME TRUST falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE WELLCOME TRUST equaled 0.0% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE WELLCOME TRUST's revenue and expenses?

In 2023, THE WELLCOME TRUST reported $951.2M in total revenue and $2.3B in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1B+), because foundation pay scales with assets under management, not revenue.