The Wellcome Trust is an independent, global charitable foundation (registered charity number 210183). Like all registered charities in England and Wales, Wellcome is regulated by the Charity Commission.

Wellcome's governing document is our Constitution, an updated version of the will of Sir Henry Wellcome.

We take advice and recommendations from committees of subject-matter experts and peer reviewers to make funding decisions on grant applications. Individual members of our Board of Governors may, in various circumstances, sit on committees as members or observers.

Governance framework

The Wellcome Trust was created in 1936 by the will of Sir Henry Wellcome. It is now governed by its Constitution. The Trust is a charity registered in England and Wales (registration number 210183). The sole trustee of the Wellcome Trust is The Wellcome Trust Limited, a company limited by guarantee registered in England (company number 2711000).

Wellcome's Conflict of Interest Policy [PDF 137KB] applies to all employees, Governors and committee members.

Board of Governors

Wellcome's activities are overseen by a Board of Governors – distinguished figures from the worlds of science, business and public life – who have ultimate responsibility for all that we do. 

The Board of Governors works with the Executive team to:

Our governors provide vision, challenge and leadership, upholding the highest levels of integrity, financial stewardship and corporate governance. 

The Board of Governors is supported by its principal committees, each of which has at least one Governor member. The membership and terms of reference of these committees are:

Executive Leadership Team

The Executive team is made up of the leaders of Wellcome's different divisions. It is chaired by the Director, who's equivalent to a CEO. It reports directly to the Board of Governors.

The board is responsible for Wellcome's day-to-day management and provides advice to both the Governors and the Director on strategic, planning, operational and policy matters.

How we make funding decisions

We rely on the help of external experts to make funding decisions across Wellcome's funding remit. External experts act as members of our advisory committees and provide us with written peer reviews.

Advisory committees

View a list of the advisory committees that shortlist and interview people who have applied for funding. 

Peer reviewers

We recognise the burden of peer review on the research communities, and are extremely grateful to those people listed below who have provided us with their expert reviews during 2017.

Peer reviewers 2017 [XLSX 132KB]

Read our latest annual report and financial statements

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Gender pay gap

We've published details about Wellcome's gender pay gap, and the measures we're taking to eradicate it.

Read the report