Wellcome Trust

The Wellcome Trust is a United Kingdom-based charity established in 1936 to disburse the fortune of the pharmaceutical magnate Sir Henry Wellcome and the income of Burroughs Wellcome & Co. It is commonly referred to as the world's richest medical charity, with funds of £9,000 million as of 2003. The mission of the Trust is "to foster and promote research with the aim of improving human and animal health." As well as funding biomedical research, it supports the public understanding of science.

Related Topics:
United Kingdom - Charity - 1936 - Henry Wellcome - Burroughs Wellcome - £ - As of 2003

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In 1986 in an effort to diversify the trust sold 25% of Burroughs Wellcome to the public, beginning a gradual process of separating itself from the business. In 1995 Burroughs Wellcome merged with Glaxo to form Glaxo Wellcome, which then in 2000 merged with SmithKline Beecham to form GlaxoSmithKline.

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