Wake Forest University

Organization Overview

Wake Forest University is located in Winstonsalem, NC. The organization was established in 2001. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, Wake Forest University employed 6,137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Wake Forest University generated $583.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $577.6m during the year ending 06/2020. While expenses have increased by 3.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Wake Forest University has awarded 155 individual grants totaling $11,039,749. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

WAKE FOREST UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION DEDICATED TO THE PURSUIT OF EXCELLENCE IN THE LIBERAL ARTS AND IN GRADUATE AND PROFESSIONAL EDUCATION. IT OPERATES WAKE FOREST COLLEGE, A GRADUATE SCHOOL OF ARTS AND SCIENCES, AND FOUR PROFESSIONAL SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION OF APPROXIMATELY 7,706 STUDENTS IN GRADUATE AND UNDERGRADUATE PROGRAMS. IN ADDITION TO THE U.S. CAMPUS, WAKE FOREST MAINTAINS FIVE STUDENT LEARNING CENTERS IN EUROPE, AND HAS NUMEROUS STUDY ABROAD PROGRAMS AVAILABLE. WFU PROVIDES OPPORTUNITIES FOR FOREIGN STUDENTS TO ENTER DEGREE PROGRAMS AT THE U.S. CAMPUS. THE CENTER FOR GLOBAL PROGRAMS AND STUDIES MANAGES THE STUDENT EXCHANGE AND STUDY ABROAD PROGRAMS, WITH 513 VISITING STUDENTS FROM 48 DIFFERENT COUNTRIES. 81% OF OUR U.S. STUDENTS TRAVEL ABROAD FOR AT LEAST ONE PROGRAM. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT. 59% OF THE GRADUATE AND UNDERGRADUATE STUDENT POPULATION RECEIVED FINANCIAL AID AWARDS. APPROXIMATELY 4,779 STUDENTS RECEIVED SCHOLARSHIPS OR GRANTS FROM THE INSTITUTION DURING THE YEAR.


WAKE FOREST MAINTAINS CAMPUS BOOKSTORES, HOUSING AND DINING FACILITIES, MAIL SERVICES AND OTHER PROGRAM SERVICES, INCLUDING ATHLETICS. ATHLETIC SCHOLARSHIPS PROVIDED FUNDING FOR ATHLETES DURING THE FISCAL YEAR. THE WAKE FOREST CONFERENCE CENTER SERVES BOTH UNIVERSITY AND EXTERNAL CONSTITUENCIES. WFDD-FM RADIO, THE UNIVERSITY'S PUBLIC BROADCASTING STATION, PROVIDES A VENUE FOR TEACHING AND LEARNING AS WELL AS COMMUNICATION. THE STATION SERVES THE 32-COUNTY WINSTON-SALEM, GREENSBORO, HIGH POINT MARKET BRINGING MUSIC AND CULTURE, NEWS AND INFORMATION TO THE PUBLIC AT LARGE.


WAKE FOREST UNIVERSITY MAINTAINS A CAMPUS WITH ACADEMIC BUILDINGS, RESEARCH LABORATORIES, SPACE FOR FRATERNITIES AND SORORITIES, AND RECREATIONAL FACILITIES. THE GROUNDS ADD TO THE STUDENT EXPERIENCE. THE ORGANIZATION ALSO HAS OTHER AUXILIARY ENTERPRISES DESIGNED TO ENHANCE AND IMPROVE THE UNIVERSITY AND THE SURROUNDING COMMUNITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Frank L Blum Construction Company
Construction
$8,587,489
Il Long Construction Co Inc
Construction
$20,475,767
Aramark Campus Services
Food Service
$25,044,702
Ncs Pearson Inc
Testing/counseling
$4,807,760
Budd Group
Janitorial/landscaping
$4,409,205
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$74,273
Related organizations$1,006,081
Government grants $8,704,997
All other contributions, gifts, grants, and similar amounts not included above$76,249,331
Noncash contributions included in lines 1a–1f $14,505,500
Total Revenue from Contributions, Gifts, Grants & Similar$86,034,682
Total Program Service Revenue$463,431,893
Investment income $15,126,869
Tax Exempt Bond Proceeds $0
Royalties $3,121,663
Net Rental Income $3,675,874
Net Gain/Loss on Asset Sales $4,526,173
Net Income from Fundraising Events $4,061
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,545,058
Miscellaneous Revenue$0
Total Revenue $583,443,727

Grants Awarded

Over the last fiscal year, Wake Forest University has awarded $2,341,898 in support to 28 organizations.

Grant RecipientAmount

REYNOLDA HOUSE INC

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: Operations Support

$669,000

Chapel Hill, NC

PURPOSE: Research subcontract

$611,721

WAKE FOREST UNIV HEALTH SCIEN

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: Research Subcontract

$341,623

WINSTON-SALEM FOUNDATION

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: Support Local Econ/Edu Dev'mt

$101,000

UNIVERSITY OF TEXAS AT DALLAS

PURPOSE: Research Subcontract

$88,132

LAWRENCE BERKELEY NATL LAB

PURPOSE: Research subcontract

$61,784
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 30 grants that Wake Forest University has recieved totaling $2,727,311.

Awarding OrganizationAmount
Z Smith Reynolds Foundation Inc

Winstonsalem, NC

PURPOSE: ANNUAL GRANT, UNDER 1990 CONTRACT, FOR GENERAL SUPPORT, FACULTY DEVELOPMENT, AND SCHOLARSHIPS.THE GRANT PAYMENT IS BEING DISCOUNTED AT .35 PERCENT FOR PAYMENT SIX MONTHS EARLY FROM ORIGINAL SCHEDULE DATE OF 7/1/21. THE PAYMENT WILL BE $1,195,800.

$1,195,800
Z Smith Reynolds Foundation Inc

Winstonsalem, NC

PURPOSE: CAMPAIGN FOR WAKE FOREST. FOR SCHOLARSHIPS: JOSEPH G. GORDON, NSR, NC MIDDLE INCOME RESIDENTS, ANNUAL AWARDS TO FACULTY MEMBERS, REYNOLDS PROFESSORS SUPPLEMENTS, AND SPECIAL UNDERGRADUATE PROGRAMS AND NEEDS. GRANT OF 3% OF INCOME RECEIVED FROM TWO TRUST

$686,343
Ddk Foundation Inc

Jacksonville, FL

PURPOSE: OPERATING BUDGET

$322,800
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$139,163
James R And Frances H Berger Foundation Inc

Riverside, CT

PURPOSE: GENERAL

$100,000
Raymond James Charitable Endowment Fund

St Petersburg, FL

PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT

$40,125
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$837,211,471
Earnings$2,431,225
Admin Expense$6,191,855
Net Contributions$21,436,980
Other Expense$16,254,628
Grants$19,509,779
Ending Balance$819,123,414

Peer Organizations

Organization NameAssets
Wake Forest University
Winstonsalem, NC
$583,443,727
Emory University
Decatur, GA
$526,678,235
Savannah College Of Art And Design Inc
Savannah, GA
$587,003,201
University Of Richmond
Richmond, VA
$458,087,443
The Corporation Of Mercer University
Macon, GA
$406,533,025
Elon University
Elon, NC
$328,453,491
Belmont University
Nashville, TN
$378,873,316
Campbell University Inc
Buies Creek, NC
$261,461,317
Lipscomb University
Nashville, TN
$193,551,646
Hampton University
Hampton, VA
$206,010,995
South Carolina Research Foundation
Columbia, SC
$168,376,547
Wingate University
Wingate, NC
$167,389,255

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