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The Wellcome Trust is a research-charity based in London, in the United Kingdom. It was established in 1936 with legacies from the pharmaceutical magnate Sir Henry Wellcome to fund research to improve human and animal health. The aim of the Trust is to "achieve extraordinary improvements in health by supporting the brightest minds", and in addition to funding biomedical research, it supports the public understanding of science. It had a financial endowment of £25.9 billion in 2018,[4] making it the fourth wealthiest charitable foundation in the world. In 2012, the Wellcome Trust was described by the Financial Times as the United Kingdom's largest provider of non-governmental funding for scientific research, and one of the largest providers in the world.[6] According to the OECD, the Wellcome Trust provided USD 275.3 million for development in 2018, all of which was provided in the form of grants.[7]