Burroughs Wellcome Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $848.0M in total assets. In 2024, it awarded 1 grants totaling $37.7M. Net investment income was $68.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$848.0M
+7.0% YoY
Annual Giving
$37.7M
+10.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$37.7M
+10.3% YoY
Under IRS private-foundation payout rules, Burroughs Wellcome Fund reported a distributable amount of $39.6M for 2024 — the minimum it must pay out in qualifying distributions.
About Burroughs Wellcome Fund
Based on IRS filings
Burroughs Wellcome Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $848.0M in total assets. In 2024, it awarded 1 grants totaling $37.7M. Net investment income was $68.1M.
Focus Areas
Ready to take the next step with Burroughs Wellcome Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $848,033,791 | $792,326,837 | $778,637,184 |
| Revenue | $70,516,184 | $28,040,204 | $48,287,251 |
| Expenses | $45,516,168 | $36,957,017 | $42,069,368 |
| Qualifying Distributions | $45,023,751 | $41,280,643 | $40,067,288 |
| Net Investment Income | $68,140,497 | $27,481,852 | $44,558,801 |
| Distributable Amount | $39,621,695 | $39,404,399 | $42,448,246 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Open Grants
13 open opportunities from Burroughs Wellcome Fund
Career Awards at the Scientific Interface Grant
BURROUGHS WELLCOME FUND
Amount
US $560,000
Deadline
Rolling / Open
Career Awards for Medical Scientists Grant
BURROUGHS WELLCOME FUND
Amount
US $700,000
Deadline
Rolling / Open
Career Awards for STEM Teachers Grant
BURROUGHS WELLCOME FUND
Amount
US $175,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Grants Paid Attachment ($37,721,546).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE GRANTS PAID ATTACHMENT DURHAM, NC | SEE GRANTS PAID ATTACHMENT | $37,721,546 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LOUIS MUGLIA | PRESIDENT - DIRECTOR | 38 | $499,365 |
| SCOTT SCHOEDLER | V.P. FINANCE | 38 | $437,750 |
| DR BRENDA ANDREWS | BOARD MEMBER | 1 | $10,000 |
| DR BRIAN DRUCKER | BOARD MEMBER | 1 | $10,000 |
| DR CHRISTINE SEIDMAN | BOARD MEMBER | 1 | $11,000 |
| MS DEBORAH BLUM | BOARD MEMBER | 1 | $10,000 |
| DR HARMIT MALIK | BOARD MEMBER | 1 | $10,000 |
| DR JENNY TING | BOARD MEMBER, BOARD CHAIR | 1 | $15,000 |
| DR KAFUI DZIRASA | BOARD MEMBER | 1 | $10,000 |
| MR MICHAEL GIARLA | BOARD MEMBER, INVESTMENT CHAIR | 1 | $11,500 |
| DR PAULA HAMMOND | BOARD MEMBER | 1 | $10,000 |
| DR ROBERT LEFKOWITZ | BOARD MEMBER | 1 | $10,000 |
| DR WENDELL LIM | BOARD MEMBER/INVEST COMMITTEE | 1 | $10,000 |
| DR GEOFFREY GERBER | BOARD MEMBER/INVEST COMMITTEE | 1 | $1,500 |
| MS LAURETTA REEVES | BOARD MEMBER/INVEST COMMITTEE | 1 | $2,000 |
| MS MELISSA NIGRO | INVESTMENT COMMITTEE | 1 | $1,000 |
| DR TERRENCE DERMODY | BOARD MEMBER&LIASON INVST COMM | 1 | $500 |
| MR TIM HASARA | INVESTMENT COMMITEE | 1 | $1,500 |
| DR KELSEY MARTIN | BOARD MEMBER | 1 | — |
| MR JAMES HIRSCHMAN | INVESTMENT COMMITTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Burroughs Wellcome Fund?
Burroughs Wellcome Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. It holds $848.0M in total assets as of 2024.
How large is Burroughs Wellcome Fund?
As of 2024, Burroughs Wellcome Fund holds $848.0M in total assets with $70.5M in annual revenue. It awarded 1 grants totaling $37.7M in 2024.
Where does Burroughs Wellcome Fund operate?
Burroughs Wellcome Fund has awarded grants in North Carolina.
What size grants does Burroughs Wellcome Fund award?
In 2024, Burroughs Wellcome Fund awarded 1 grants totaling $37.7M — an average of about $37.7M per grant, based on its IRS Form 990 filings.
How much is Burroughs Wellcome Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Burroughs Wellcome Fund reported a distributable amount of $39.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Burroughs Wellcome Fund's EIN?
Burroughs Wellcome Fund's EIN (Employer Identification Number) is 23-7225395. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Burroughs Wellcome Fund's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
State Employees Credit Union Foundation
RALEIGH, NC
Assets
$68.8M
Grants
1,788
Total Given
$17.3M
Foundation for the Carolinas
CHARLOTTE, NC
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
Dogwood Health Trust
ASHEVILLE, NC
Assets
$2.0B
Grants
835
Total Given
$148.2M
The Winston-Salem Foundation
WINSTONSALEM, NC
Assets
$630.1M
Grants
823
Total Given
$88.8M
GiveClear Foundation
CHARLOTTE, NC
Assets
$215.4M
Grants
816
Total Given
$28.8M
North Carolina Community Foundation
RALEIGH, NC
Assets
$569.1M
Grants
732
Total Given
$30.6M
Triangle Community Foundation Inc
DURHAM, NC
Assets
$311.2M
Grants
558
Total Given
$23.4M
The Labcorp Charitable Foundation
BURLINGTON, NC
Assets
$19.8M
Grants
558
Total Given
$2.6M
The Community Foundation
ASHEVILLE, NC
Assets
$434.9M
Grants
514
Total Given
$17.7M
The Duke Endowment
CHARLOTTE, NC
Assets
$3.6B
Grants
480
Total Given
$251.2M
The Leon Levine Foundation
CHARLOTTE, NC
Assets
$1.1B
Grants
433
Total Given
$42.2M
The Morehead-cain Foundation
CHAPEL HILL, NC
Assets
$225.5M
Grants
409
Total Given
$13.8M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Burroughs Wellcome Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Burroughs Wellcome Fund to a real strategy.