WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST

Wellcome Trust Ltd is a nonprofit medical research charity organization that is based out of London. The trust was established in 1936 and was originally founded to administrate the fortune of pharmaceutical tycoon Sir Henry Wellcome. Wellcome Trust Ltd acts as the only trustee of the Wellcome Trust and is the charity trustee of the trust under charity law. After Henry Wellcome passed away, Sir Henry Dale would become Chairman and remain chairman for over two decades. Although the company would be negatively affected by WWII and would only have 1.2 million euros in charitable spend in its first two decades of operations, it would become profitable again in the 1950s. Following its founder’s will, the company focused on tropical and veterinary medicine, pharmacy and pharmacology, and the history of medicine with the majority of funds allocated to laboratory buildings, equipment, libraries, and museums. The fund had a focus on talented individuals in the scientific field instead of a broad industry perspective, providing a variety of innovative fellowships and travel grants. By the 1960s, the Wellcome Trust had grown to have operating units on a global scale in India, West Indies, Africa, and Brazil. The current Wellcome Trust Ltd would be created after the company was taken over by Glaxo Plc, prompting the formation of GlaxoWellcome Plc in 1995. The newly merged company would have a new Consitution that would allow the current trustees to become governors and allow it to have greater reach and longer term commitments. Wellcome Trust Ltd currently focuses on investments in public health, neurology, physiological science, immunology, infectious disease, and gene and cells research. The company invests most heavily in the information technology sector, which alone makes up over a third of its total asset allocations, and also invests in the finance, making up another quarter of its total allocations, consumer staples, and consumer discretionary sector, among others to a lesser degree, in order of decreasing allocation.