Governance

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

The Trust'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).

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. 

Working with the Executive team, the Board of Governors:

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

Wellcome's Conflicts of Interest Policy [PDF 375KB] applies to members of the Board of Governors.

Executive Board 

The Executive Board 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 provide us with written peer reviews and act as members of our advisory committees. 

Read our latest annual report and financial statements