Burroughs Wellcome Fund
Burroughs Wellcome Fund is a private foundation, based in Durham, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $885.7M in total assets. In 2025, it awarded 1 grant totaling $39.9M. Net investment income was $64.6M.
Key facts about Burroughs Wellcome Fund
In short: Burroughs Wellcome Fund gave $39.9M across 1 grant in 2025 (avg $39.9M), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- EIN
- 23-7225395
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $39,902,052
- Grants made (2025)
- 1
- Average grant
- $39,902,052
- Median grant
- $39,902,052
- Total assets
- $885,672,359
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$885.7M
+4.4% YoY
Annual Giving
$39.9M
+5.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$39.9M
+5.8% YoY
Under IRS private-foundation payout rules, Burroughs Wellcome Fund reported a distributable amount of $42.4M for 2025 — the minimum it must pay out in qualifying distributions.
How Burroughs Wellcome Fund gives
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Open Grants
13 open opportunities from Burroughs Wellcome Fund
Career Awards at the Scientific Interface Grant
Burroughs Wellcome Fund
Amount
US $560,000
Deadline
Deadline not published
Career Awards for Medical Scientists Grant
Burroughs Wellcome Fund
Amount
US $700,000
Deadline
Deadline not published
Career Awards for STEM Teachers Grant
Burroughs Wellcome Fund
Amount
US $175,000
Deadline
Deadline not published
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $29.7M (2021) to $39.9M (2025). In 2025 it made 1 grant totaling $39.9M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was See Grants Paid Attachment ($39.9M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Grants Paid Attachment Durham, NC | See Grants Paid Attachment | $39,902,052 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $885,672,359 | $848,033,791 | $792,326,837 |
| Revenue | $66,245,932 | $70,516,184 | $28,040,204 |
| Expenses | $44,855,222 | $45,516,168 | $36,957,017 |
| Qualifying Distributions | $47,082,697 | $45,023,751 | $41,280,643 |
| Net Investment Income | $64,646,925 | $68,140,497 | $27,481,852 |
| Distributable Amount | $42,409,338 | $39,621,695 | $39,404,399 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Burroughs Wellcome Fund is led by Louis Muglia, President - Director on every filing since 2020; 16 of 20 officers listed in 2025 are compensated.
Officers on the 2025 filing
Louis Muglia
President - Director
On filings since 2020
38 hrs/week
$287K (2020) → $519K (2025)
Brenda Andrews
Board Chair
Board Member → Board Chair, 2025
On filings since 2020
1 hr/week
$10K (2020) → $15K (2025)
Jenny Ting
Board Member & Chair-
Board Member → Board Member & Board Chair, 2024
Board Member & Board Chair → Board Member & Chair-, 2025
On filings since 2020
1 hr/week
$10K (2020) → $0 (2025)
Michael Giarla
Board Member & Investment Chair
Investment Committee → Board Member & Investment Chair, 2024
On filings since 2020
1 hr/week
$2K (2020) → $12K (2025)
Brian Druker
Board Member
On filings since 2020
1 hr/week
$10K (2020) → $10K (2025)
Christine Seidman
Board Member & Invest Committee
Board Member → Board Member & Invest Committee, 2025
On filings since 2020
1 hr/week
$10K (2020) → $12K (2025)
Geoffrey Gerber
Investment Committee
Investment Committee → Board Member & Invest Committee, 2024
Board Member & Invest Committee → Investment Committee, 2025
On filings since 2020
1 hr/week
$1K (2020) → $2K (2025)
Lauretta Reeves
Investment Committee
Board Member → Board Member & Invest Committee, 2021
Board Member & Invest Committee → Investment Committee, 2025
On filings since 2020
1 hr/week
$12K (2020) → $2K (2025)
Melissa Nigro
Investment Committee
On filings since 2020
1 hr/week
$2K (2020) → $1K (2025)
Robert Lefkowitz
Board Member-
Board Member → Board Member-, 2025
On filings since 2020
1 hr/week
$10K (2020) → $0 (2025)
Tim Hasara
Investment Committee
Investment Committee → Investment Commitee, 2024
Investment Commitee → Investment Committee, 2025
On filings since 2020
1 hr/week
$2K (2020) → $2K (2025)
Wendell Lim
Board Member
Board Member → Board Member & Invest Committee, 2024
Board Member & Invest Committee → Board Member, 2025
On filings since 2020
1 hr/week
$10K (2020) → $10K (2025)
Paula Hammond
Board Member-
Board Member → Board Member-, 2025
On filings since 2021
1 hr/week
$10K (2021) → $0 (2025)
Deborah Blum
Board Member
On filings since 2023
1 hr/week
$10K (2023) → $10K (2025)
Harmit Malik
Board Member
On filings since 2024
1 hr/week
$10K (2024) → $10K (2025)
Kafui Dzirasa
Board Member
On filings since 2024
1 hr/week
$10K (2024) → $10K (2025)
Blossom Damania
Board Member-
New on the 2025 filing
1 hr/week
$10K (2025)
Cynthia K. Larive
Board Member-
New on the 2025 filing
1 hr/week
$10K (2025)
Ken Browndorf
Vice President, Finance & CFO
New on the 2025 filing
38 hrs/week
$275K (2025)
James Hirschman
Invest Committee-
Investment Committee → Invest Committee-, 2025
On filings since 2020
1 hr/week
No compensation reported
Former officers (5)
- Former: Kelsey Martin (2020–2024) — Board Member
- Former: Scott Schoedler (2020–2024) — V.p. Finance
- Former: Terrence Dermody (2020–2024) — Board Member & Liason Invst Committee
- Former: Emery Brown (2020–2021) — Board Member
- Former: John Burris (2020) — President & Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $519K, to Louis Muglia (President - Director). 16 officers or directors reported compensation on that filing.
Frequently asked questions about Burroughs Wellcome Fund
How much does Burroughs Wellcome Fund give each year?
Burroughs Wellcome Fund gave $39.9M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $37.7M across 1 grant.
How large is Burroughs Wellcome Fund?
Burroughs Wellcome Fund reported $885.7M in total assets on its 2025 IRS Form 990-PF. It paid out $47.1M in qualifying distributions that year, against a required minimum of $42.4M (roughly 5% of its investment assets).
Where does Burroughs Wellcome Fund operate?
Burroughs Wellcome Fund has awarded grants in North Carolina.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Burroughs Wellcome Fund by hand.
Explore Open Grants
Browse active grant opportunities in Burroughs Wellcome Fund's focus areas in our free grants database
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