Breadcrumbs

Wellcome Trust chair is paid more than £137,000 a year, Third Sector survey shows

By Stephen Cook, Third Sector Online, 20 November 2012

Sir William Castell

Sir William Castell

The medical research charity says Sir William Castell, his deputy and eight governors have huge expertise and do more than most non-executives

Sir William Castell, chair of the giant scientific and medical research charity the Wellcome Trust, was paid £137,290 in 2011, and his deputy, Professor Peter Rigby, was paid £102,968.

The eight governors – the equivalent of trustees – were each paid £68,645 by the trust, which has always paid trustees since its foundation by the pharmaceutical magnate Sir Henry Wellcome 75 years ago.

The payments are the highest cited in a survey by Third Sector of four charities that pay their trustees. Another one that remunerates is CfBT Education Trust, which pays five trustees up to £12,000 a year at the rate of £350 a day.

The other two are the mental health care charity the Richmond Fellowship, which pays the chair £12,000, the chair of the audit committee £8,000 and another five trustees £5,000 each; and the RNIB, which paid its chair £24,000 in 2011 as compensation for loss of earnings.

The survey was prompted by the recommendation in Lord Hodgson’s recent review of the Charities Act 2006 that charities with income of more than £1m a year should be allowed to pay their trustees without obtaining permission from the Charity Commission to change their governing documents.

Simon Jeffreys, chief operating officer of the Wellcome Trust, said governors devoted at least 30 days a year to the charity. "They are on several committees and do overseas visits as part of the review process," he said. "They put in a great deal more time and effort that would be normal for a non-executive director.

"You may well find charities where trustees give 30 days a year and don’t get paid, but you need to look at the level of seniority, the expertise, the experience and the qualifications of our trustees, and the amount of time they spend."

The trust committed £642m in charitable funding to projects in 2011.

- Read our analysis on payment of trustees

Related Articles

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed


 

 

 

 

 


 

 

 

 

 

 

 

 

Events

90 per cent funded training for third sector: Collaborative Leadership Programme

  • Date: Thu 13 Mar 2014 - Fri 16 May 2014
  • Venue: Leeds

Lies, damned lies, and statistics: what should you really be measuring?

  • Date: Wed 23 Apr 2014 - Wed 23 Apr 2014
  • Venue: Westminster

People power

  • Date: Wed 30 Apr 2014 - Wed 30 Apr 2014
  • Venue: London

Third Sector Insight