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2005 ANNUAL REPORT BURROUGHS WELLCOME FUND HISTORICAL TIMELINE 1950’s 1955 - BWF established as a corporate foundation in Tuckahoe, New York 1955 - William N. Creasy appointed first president and board chair 1959 - First advisory committee appointed, on clinical pharmacology 1959 - First competitive award program launched—Clinical Pharmacology Scholar Award program 1970’s 1970 - BWF moves to Research Triangle Park, North Carolina (with Burroughs Wellcome Co.) 1971 - Dr. George H. Hitchings becomes president 1974 - Iris B. Evans appointed first executive director 1978 - BWF grantmaking reaches $1 million annually 1979 - Toxicology Scholar Award program launched 1980’s 1981 - Martha Peck appointed executive director 1981 - Molecular Parasitology Scholar Award program launched 1983 - Scholar Award in Pharmacoepidemiology program launched 1985 - Immunopharmacology of Allergic Diseases Awards launched 1987 - Hitchings Awards for Innovative Methods in Drug Design and Discovery launched 1988 - First BWF newsletter (FOCUS) published 1988 - BWF President George H. Hitchings receives the Nobel Prize in Physiology or Medicine, along with Dr. Gertrude Elion and Sir James Black 1990’s 1990 - Dr. Howard J. Schaeffer appointed president 1991 - First female member appointed to the board Dr. Gertrude Elion 1991 - First non-Wellcome representative appointed to the board Dr. Samuel Katz 1993 - BWF receives $400 million endowment from The Wellcome Trust 1993 - BWF becomes independent private foundation 1994 - Dr. Enriqueta Bond, becomes first full-time president
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