Wellcome Trust is second-biggest grant-maker in the world - again

The City AM World Charity Index says the trust, which gave away £606m of charitable grants in 2015, was behind only the Bill & Melinda Gates Foundation

Wellcome Trust
Wellcome Trust

The Wellcome Trust was again the second-biggest grant-maker in the world last year, according to a new report.

The trust, which gave away £606m in charitable grants in 2015, came behind only the US-based Bill & Melinda Gates Foundation in the annual City AM World Charity Index, published today.

The 2016 index, which is produced by the newspaper based on research conducted by the Center for Philanthropic Studies at the VU University in Amsterdam, lists the top 20 grant-makers globally for money given away in 2015, based on the last available accounts or tax reports.

It shows that the Gates Foundation, which has nearly 1,400 employees, gave away £3.6bn last year across the world, an increase from just over £2bn the year before. The Wellcome Trust gave away £606m, a rise of £50m on the year before.

The trust came second in the previous two instalments of the index.

The third-biggest grant-maker in the latest study was Novamedia, the Netherlands-based operator of postcode lotteries in the Netherlands, Sweden and the UK, which gave away £446m, making it the biggest fundraising foundation in the world.

The US-based National Philanthropic Trust (£423m) came fourth and the Lilly Endowment (£364m), also based in the US, was fifth.

The global top 20 includes 15 US foundations and two UK grant-makers: in addition to the Wellcome Trust, the Church Commissioners for England featured, coming 13th after giving away £219m.

Last week it emerged in the Wellcome Trust’s annual report and financial statements for the year to 30 September 2016 that one unnamed person in its internal investment team was paid between £3,050,000 and £3,059,999.

The foundation said the remuneration secured it better returns and gave it more to spend on its charitable mission of improving health.

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