WELLCOME TRUST 98-6038021 Number and Street (Or P O Box Number If Mail Is Not Delivered to Street Address ) Room /Suite B Telephone Number ( See Instructions)
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S teturn of Private Foundation OMB No 1545-0052 Form 990 -PF or Section 4947( a)(1) Trust Treated as Private Foundation Do not enter social security numbers on this form as it may be made public. 20015 Department of the Treasury ► Internal Revenue Service ► Information about Form 990 -PF and its separate instructions is at www.irs.gov/forn For calendar vear 2015 or tax vear beainnina 10/01. 2015 . and ending 0 9 /30. 2016 Name of foundation A Employer identification number THE WELLCOME TRUST 98-6038021 Number and street (or P O box number if mail is not delivered to street address ) Room /suite B Telephone number ( see instructions) GY 215 EUSTON ROAD (011) 44-2076118888 4-- O City or town, state or province, country, and ZIP or foreign postal code N q C If exemption application is ► pending , check here. LONDON, ENGLAND UNITED KINGDOM NW1 2BE G Check all that apply Initial return Initial return of a former public charity D 1 Foreign organizations check here. ► 0 Final return Amended return 2 Foreign organizations meeting the tes t, check. here. and attach ► X Address chan9gea Name chang e comput ation H Check type of organization X Section 501(c)(3) exempt private foundation ILLI E If private foundation status was terminated Section 4947(a)(1) nonexem charitable trust Other taxable foundation pt p rivate under section 507(b)(1)(A), check here . ► I Fair market value of all assets at J Accounting method Cash X Accrual F If the foundation is in a60- month termination end of year (from Part fl, col (e), line D Other (specify) under section 507(b)(1)(B), check here , ► 31, 103, 701, 750 . 16) ► $ (Part 1, column (d) must be on cash basis ) (d) Disbursements Analysis of Revenue and Expenses (The (a) Revenue and total of amounts columns (b) Net investment (c) Adjusted net for charitable In (b), (c), and (d) expb per may not necessarily equal the amounts in Income income purposes oks column (a) (see instructions)) books (cash basis only) 1 Contributions, gifts grants , etc , received ( attach schedule) , 1, 132,013 . the foundation is 2 Check if not required to ► attach Sch B . 3 Interest on savings and temporary cash investments. 4 Dividends and interest from securities . 43-7,523,153. 119, 986, 205. ATCH 1 5a Gross rents . 52, 638, 620. b Net rental income or (loss) 6a Net gain or ( loss) from sale of assets not on line 10 1, 157 , 62 5 , 13 5 . C b Gross sales price for all w assets on line 6a y 7 Capital gain net income (from Part IV, line 2) . 0. IX 8 Net short-term capital gain. 9 Income modifications . 10a Gross sales less returns and allowances . b Less Cost of goods sold c Gross profit or (loss) (attach schedule) . , , , 11 Other income (attach schedule) 4,rZC.H. 2 . , 196, 404, 314. 4,478, 667. 12 Total. Add lines 1 through 11 1, 845, 323, 235. 124, 464, 872. 13 Compensation of officers, directors, trustees , etc 1, 953, 479. 4) 14 Other employee salaries and wages . 72,051,893. 15 Pension plans, employee benefits . 2 7 , 3 0 9 , 8 2 2 . X 16a Legal fees (attach schedule) . , W b Accounting fees (attach schedule) . , > c Other professional fees (attach schedule) . [.3 57,025,171. 17 Interest . 63, 251, 245. 18 Taxes (attach schedule) (see instructions). S 19 Depreciation (attach schedule) and depletion. 15,848,187. E 0 an , , , , , , 15, 140, 678. p 1 Ings . Pr tin and publlcabons CO) Orx^erase^^ ch s ule)ATC13 ,4. 108, 107, 274 . 24 La o erat in and ad tratrve expenses. a`> (Me fS3atbroUT3.^ . , 360, 687, 749. ,' t7L t ld . O 25 on r _ 1 , 152, 955, 580. 26 Total expenses and disbursements Add lines 24 and 25 1 , 513 , 6 4 3 , 3 2 9 . 0 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements . 3 31 , 67 9, 90 6 . b Net investment income (if negative, enter -0-) 124,464,872. c Adjusted net income (if negative, enter -0-). SSA For Paperwork Reduction Act Notice , see instructions. Form 990 -PF (2015) 5E14101 000 RN7669 2532 7/19/2017 1:39:51 PM V 15-7.18 ^A'^ Form 990-PF (2015) THEOLLCOME TRUST 0 98-6038021 Page 2 ® Attached schedules and amounts in the Beginning of year End of year Balance Sheets description column should be for end -of-year amounts only (See instructions ) ( a) Book Value ( b) Book Value (c) Fair Market Value 7,015,140. 7,015,140. 1 Cash - non-interest-bearing . 11, 511, 7 2 0 . 2 Savings and temporary cash investments . 10,912,440. 3 Accounts receivable ► 10, 451, 430. 10, 912, 440. 10,912,440. Less allowance for doubtful accounts ► 4 Pledges receivable ► Less allowance for doubtful accounts ► 5 Grants receivable . 6 Receivables due from officers, directors , trustees , and other disqualified persons ( attach schedule) ( see instructions) . , , , 7 Other notes and loans receivable ( attach schedule) ► Less allowance for doubtful accounts ► 8 Inventories for sale or use. 490. 9 Prepaid expenses and deferred charges . 5, 907, 330. 5,066, 490. 5, 066, a 10a Investments - U S and state government obligations (attach schedule). b Investments - corporate stock ( attach schedule) . c Investments - corporate bonds ( attach schedule ). 11 Investments - land, buildings, ► and equipment basis Less accumulated depreciation ► (attach schedule) 12 Investments - mortgage loans . 13 Investments - other(attach schedule). .ATCH5 30,775,826,070. 30,760,479,530. 30,760,479,530. 14 Land , buildings , and 462,999,240. ATCH 6 eq uip ment basis ► -- -- -^ Less accumulated depreciation 151, 475, 060. 374, 585, 310. 311, 524, 180. 311, 524, 180. (attach schedule) ► ATCH 7 ) 378, 372, 060. 8,703, 970. 8,703, 970. 15 Other assets (describe ► 16 Total assets ( to be completed by all filers - see the instructions Also, see page 1, item 1) , 31,556,653,920. 31,103,701,750. 31,103,701,750. 4 4 , 7 4 8 , 19 0 . 708,918,870. 17 Accounts payable and accrued expenses . 8 18 Grants payable . 2 , 854, 755, 090. 2, 556, 239, 070. 19 Deferred revenue . 20 Loans from officers , directors , trustees, and other disqualified persons. 21 Mortgages and other notes payable ( attach schedule) . ATCH 8 ) 2,344,452,660. 2,368,259,300. J 22 Other liabilities (describe ► 23 Total liabilities ( add lines 17 through 22) . 6, 043, 955, 940. 5,633,417,240. Foundations that follow SFAS 117 , check here. ► d and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted . W 25 Temporarily restricted co 26 Permanently restricted . 0 Foundations that do not follow SFAS 117, 10. q LL t check here and complete lines 27 through 31. 0 27 Capital stock , trust principal , or current funds . 28 Paid - in or capital surplus , or land , bldg , and equipment fund . Q 29 Retained earnings , accumulated income , endowment , or other funds 30 Total net assets or fund balances (see instructions ). 25, 512, 697, 980. 25, 470, 284, 510. Z 31 Total liabilities and net assets /fund balances (see instructions ) . 31, 556, 653, 920. 31,103,701,750. FUTM Anal ysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year' s return ), , , , , , , , , , , , , , , , , , , , , , ,, , 1 25, 512, 697, 980. 2 Enter amount from Part I , line 27a .. .. .... .. .. .. .... ... 2 331, 679, 906. ATCH 9 3 3,583, 996,277. 3 Other increases not included in line 2 ( itemize ) ► 4 Add lines 1, 2, and 3 . 4 29,428,374,163. 5 Decreases not included in line 2 ( itemize ) loo- ATCH 10 5 3,958,089,653. 6 Total net assets or fund balances at end of year ( line 4 minus line 5 - Part II , column (b ) , line 30 . 6 25, 470, 284, 510. Form 990 -PF (2015) JSA 5E1420 1 000 RN7669 2532 7/19/2017 1: 39:51 PM V 15-7.18 THEOLLCOME TRUST is 98-6038021 Form 990-PF (2015) Page 3 Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e g real estate, (b) Hced (c) Date acquired acquired (d) Date sold 2-story brick warehouse, or common stock, 200 shs MLC Co) e yr) (mo, day, yr) D - Dournatihase (mo, day, 1a b c d e Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (f) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus Adjusted basis (k) Excess of col (1) col (k), but not less than -0-) or (1) F M V as of 12/31/69 0) as of 12/31/69 over col 0), if any Losses (from col (h)) a b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) { If (loss), enter -0- in Part I, line 7 } 2 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If gain, also enter in Part I, line 8, column (c) (see instructions) If (loss), enter -0- in 1 Part I, line 8 ) 3 RYA Qualification Under Section 4940 (e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income ) If section 4940 (d)(2) applies , leave this part blank NOT APPLICABLE DUE TO FOREIGN STATUS Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? E]Yes No If "Yes," the foundation does not qualify under section 4940 ( e) Do not complete this part 1 Enter the aooroDrlate amount in each column for each year .