Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to Howard,bruncher,SalvorHardin,tea42,yyuryyub, for Donating to support the site

The Wellcome Trust

Discuss all aspects of charitable giving - financial or volunteering.
Dod101
The full Lemon
Posts: 12261
Joined: October 10th, 2017, 11:33 am
Has thanked: 2979 times
Been thanked: 5386 times

The Wellcome Trust

#498107

Postby Dod101 » May 3rd, 2022, 9:25 am

This charity does not I think get the attention that it deserves. The numbers are quite staggering. Assets at 30 September 2021, its last year end, were £36.2 billion, with an investment return for that year of 34.5%. Expense relating to investment management was £186 million, totally insignificant. Imagine the cost of Terry Smith managing the fund. Of course they are charging only the direct cost of managing the funds but even so.

Not only that, they have managed 15.2% per annum over the last 10 years.

They do not fundraise from the public and spend over £1 billion per annum on their charitable work.

Full details, just Google Welcome Trust Annual report.

seagles
Lemon Slice
Posts: 404
Joined: August 19th, 2017, 8:37 am
Has thanked: 131 times
Been thanked: 178 times

Re: The Wellcome Trust

#498128

Postby seagles » May 3rd, 2022, 10:30 am

did you mean Wellcome Trust?

scotia
Lemon Quarter
Posts: 3269
Joined: November 4th, 2016, 8:43 pm
Has thanked: 1919 times
Been thanked: 1642 times

Re: The Wellcome Trust

#498131

Postby scotia » May 3rd, 2022, 10:44 am

Possibly the Wellcome Trust's finest hour was when it stepped up its support for the deciphering of the human genome, and so ensured that it would remain in the public domain - in spite of attempts by other parties to patent or commercialize the sequences.
Reading matter - https://www.nature.com/articles/d42859-020-00101-9
and https://wellcome.org/news/sir-john-sulston-and-human-genome-project

Dod101
The full Lemon
Posts: 12261
Joined: October 10th, 2017, 11:33 am
Has thanked: 2979 times
Been thanked: 5386 times

Re: The Wellcome Trust

#498156

Postby Dod101 » May 3rd, 2022, 11:59 am

seagles wrote:did you mean Wellcome Trust?


Indeed I did as you will know I am sure. Thanks for the correction of the spelling.

Dod

Dod101
The full Lemon
Posts: 12261
Joined: October 10th, 2017, 11:33 am
Has thanked: 2979 times
Been thanked: 5386 times

Re: The Wellcome Trust

#498160

Postby Dod101 » May 3rd, 2022, 12:21 pm

scotia wrote:Possibly the Wellcome Trust's finest hour was when it stepped up its support for the deciphering of the human genome, and so ensured that it would remain in the public domain - in spite of attempts by other parties to patent or commercialize the sequences.
Reading matter - https://www.nature.com/articles/d42859-020-00101-9
and https://wellcome.org/news/sir-john-sulston-and-human-genome-project


Thanks. Very interesting. However as this is a finance forum I was hoping for some discussion on the success the Wellcome Trust has had in its investments over a very long period. Quite remarkable considering what the equivalent investment trusts have on the whole (not) managed to achieve. Partly I expect this is down to expenses but I should imagine that a great deal of its success is down to the fact that they do not have to keep looking over their shoulder at some benchmark nor what their competition is doing.

Dod


Return to “Charitable Giving”

Who is online

Users browsing this forum: No registered users and 1 guest