Burroughs Wellcome Fund in Rtp, North Carolina (NC)

Table of contents:

Organization representatives - add corrected or new information about Burroughs Wellcome Fund »

Non-representatives - add comments about Burroughs Wellcome Fund»

Burroughs Wellcome Fund
Employer Identification Number (EIN)237225395
Name of OrganizationBurroughs Wellcome Fund
Address21tw Alexander Drive, Rtp, NC 27709
ActivitiesScientific research (diseases), Other school related activities, Other scientific research activities
SubsectionCharitable Organization
Ruling Date10/1972
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$681,068,537
Amount of Income$909,761,764
Form 990 Revenue Amount$45,271,264
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations

Non-representatives - add comments:


Your IP address will be logged.

Amount of income in 2012: $909,761,764 (it was $657,997,702 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $681,068,537 (it was $669,855,289 in 2011)
Burroughs Wellcome Fund: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$45,271,264$46,258,842$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$1,455
Dividends and interest from securities$12,513,696
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$35,032,897$3,927,058$0$37,732,553
Compensation of officers, directors, trustees, etc.$740,000
Total operating and administrative expenses$10,538,750$3,927,058$4,264,468
Contributions, gifts, grants paid$24,494,147
Excess of revenue over expenses and disbursements$10,238,367
Net investment income$42,331,784
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$669,855,289$669,855,289
Cash - non-interest-bearing$501
Investments-U.S. and state government obligations$76,132,716
Investments-corporate stock$266,163,075
Investments-corporate bonds$54,616,340
Investments-mortgage loans$0
Total liabilities$101,699,997
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$568,155,292
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$32,756,113
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$423,318
Total credits and payments$900,000
2011 estimated tax payments and 2010 overpayment credited to 2011$0
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$900,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$12,721
Amount to be credited to 2012 estimated tax$463,961
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?Yes
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?Yes
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$685,277,392
Net value of noncharitable-use assets$674,998,240
Minimum investment return$33,749,912
Distributable Amount (for 2011)
Distributable amount$34,319,053
Undistributed Income (for 2011)
Distributable amount for 2011$34,319,053
Undistributed income for 2011. This amount must be distributed in 2012$11,134,174
Private Operating Foundations (for 2011)
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Unrelated Trade or Business Income (for 2009)
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$559$0$559
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Taxes and licenses$0
Charitable contributions$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$559
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$559
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated


Your Review

Would you recommend Burroughs Wellcome Fund to others? (optional)
Add photo of Burroughs Wellcome Fund (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»


Special limited-time promotion! Submit your review for a chance to win $500 in our sweepstakes!

Your email address (you will not be contacted unless you win, we do not sell your email address or send any spam):

Recently Added Reviews
Independent Order Of Odd Fellows, Sir Walter Lodge No 411 Ioof in Raleigh, NC
Freedom By The Sea Convention Of Narcotics Anonymous in Wilmington, NC
Unity Center For Spiritual Living in Charlotte, NC
Foundation For Feeding Hungry Children Inc in Wade, NC
Randolph County Senior Adults Association Inc in Asheboro, NC
Hope For Tomorrow Als Foundation in Greensboro, NC
North Carolina Rottweiler Rescue in Raleigh, NC
Nc Childrens Victim Center in Raleigh, NC
Faith Ministry Inc in Greensboro, NC
The Eddie And Jo Allison Smith Family Foundation Inc in Greenville, NC
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Avon Products Foundation Incorporated777 3rd Ave Bsmt B, New York, NY 10017-1307NY2000-11$62,177,889
2Blackstone Charitable Foundation345 Park Avenue, New York, NY 10154-0004NY2008-02$6,140,304
3Mary R Saner Charitable Trust4330 Olive St, Saint Louis, MO 63108-2622MO2008-06$3,811,554
4Kotel Foundation101 Terrace Dr, Mundelein, IL 60060-3826IL2008-03$124,384
5Burroughs Wellcome Fund21tw Alexander Drive, Rtp, NC 27709NC1972-10$909,761,764
6Blue Cross And Blue Shield Of North Carolina FoundationPO BOX 2291, Durham, NC 27702-2291NC2002-05$33,793,022
7Richmond Community Foundation Inc220 N Tryon St, Charlotte, NC 28202-2137NC2002-01$2,673,738
8Katherine And Thomas Belk Foundation Inc2801 W Tyvola Rd, Charlotte, NC 28217-4525NC2000-12$1,788,215
9Food Lion Charitable Foundation Inc2110 Executive Dr, Salisbury, NC 28147-9007NC2002-01$1,014,910
10Mildred S Corder Tr, Melnick John L Ttee1 West 4th Street D4000-041, Winston Salem, NC 27101-3818NC2003-12$1,005,363
11John M Cook Jr Charitable Remainder Unitrust Nc10198550501 West 4th Street D4000-041, Winston Salem, NC 27101-3818NC2002-03$949,812
12Boddie-Noell FoundationPO BOX 1908, Rocky Mount, NC 27802-1908NC2005-07$670,834
13Alphamed Cancer Foundation3920 Dover Rd, Durham, NC 27707-5157NC2004-04$656,937
14Carl And Emily Thompson Charitable Tr Ua, F & M Trust Company TteePO BOX 2907, Wilson, NC 27894-2907NC2001-08$517,999
15Earl N Phillips Jr Family FdnPO BOX 830, High Point, NC 27261-0830NC1999-02$437,705
16Doris Mckenna Rvoc Tr Ua 041119971 West 4th Street D4000-041, Winston Salem, NC 27101-3818NC2001-05$304,141
17Dameron Foundation5069r Townsville Rd, Bullock, NC 27507-9434NC2002-11$259,670
18Morgan Creek Foundation301 West Barbee Chapel Road No 100, Chapel Hill, NC 27517-7513NC2006-04$256,431
19P L & J Luther Ada Warren Fd 2513843234 & 25138432251 W 4th St, Winston Salem, NC 27101-3818NC2000-04$246,224
20Hewes-Christi Family Foundation Inc1525 W Wt Harris Blvd, Charlotte, NC 28288-0001NC2001-07$217,313
Number of organizations performing similar types of work
District of Columbia23
North Carolina64
North Dakota3
New Hampshire10
New Jersey134
New Mexico13
New York349
Rhode Island20
South Carolina20
South Dakota5
West Virginia2

faqs.org is not associated with, endorsed by, or sponsored by Burroughs Wellcome Fund and has no official or unofficial affiliation with Burroughs Wellcome Fund