Winston-Salem Foundation

Organization Overview

Winston-Salem Foundation is located in Winstonsalem, NC. The organization was established in 1946. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Winston-Salem Foundation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winston-Salem Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Winston-Salem Foundation generated $114.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $131.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Winston-Salem Foundation has awarded 2,678 individual grants totaling $256,884,132. 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

COMMUNITY FOUNDATION (SEE P.2, FORM 990, PART III FOR ADDITIONAL INFORMATION)

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANT PROGRAM - ADMINISTERING APPROXIMATELY 1,000 ENDOWED FUNDS AND 580 TEMPORARY FUNDS AS WELL AS PROVIDING ADVISORY SERVICES FOR THE BENEFIT OF VARIOUS CULTURAL, EDUCATIONAL, HEALTH, SOCIAL, AND RELIGIOUS ORGANIZATIONS IN THE COMMUNITY.


STUDENT AID PROGRAM - PROVIDES SCHOLARSHIPS PRIMARILY TO FORSYTH COUNTY RESIDENTS) UPON APPROVAL BY AN ADVISORY COMMITTEE UNDER THE FOUNDATION'S GUIDANCE. ALSO ADMINISTER SOME STUDENT LOANS WHICH ARE BEING CONVERTED TO SCHOLARSHIP FUNDS AS REPAYMENTS ARE RECEIVED.


FOCUSED INITIATIVES TO INCREASE PHILANTHROPY AMONG AFRICAN-AMERICANS, WOMEN, AND YOUTH. ADVISORY COMMITTEES AND GIVING CIRCLES UTILIZED TO PROMOTE PHILANTHROPY AND TO AWARD GRANTS DEEMED APPLICABLE. FOCUSED INITITAIVES TO SUPPORT (1) COMMUNITY DEVELOPMENT COLLABORATIVES AND (2) YOUTH TRANSITIONING FROM ORPHANAGES INTO SOCIETY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tight Line Partners Llc
Office Rent
$431,346
Northeast Retirement Services
Endowment Unitization
$122,225
Fund Evaluation Group
Investment Consulting
$192,457
Forvis
Accounting And Tax Preparation
$100,913
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$105,175,696
Investment income $8,154,871
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $643,889
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $114,585,898

Grants Awarded

Over the last fiscal year, Winston-Salem Foundation has awarded $76,995,747 in support to 710 organizations.

Grant RecipientAmount

JOHNSON C SMITH UNIVERSITY

Org PageRecipient Profile

Charlotte, NC

PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES

$3,000,100

WINSTON-SALEMFORSYTH COUNTY SCHOOLS

PURPOSE: 46 GRANT(S) FOR VARYING PURPOSES

$2,666,913

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

Org PageRecipient Profile

Boston, MA

PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES

$2,200,000

ATRIUM HEALTH WAKE FOREST BAPTIST

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: 167 GRANT(S) FOR VARYING PURPOSES

$2,049,004

NORTH CAROLINA KNOWLEDGE CORRIDOR

Org PageRecipient Profile

Raleigh, NC

PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES

$2,000,000

CONGRESSIONAL BLACK CAUCUS FOUNDATION

Org PageRecipient Profile

Washington, DC

PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES

$2,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 22 grants that Winston-Salem Foundation has recieved totaling $1,604,061.

Awarding OrganizationAmount
Reynolds American Foundation

Winston Salem, NC

PURPOSE: PROJECT IMPACT

$625,000
Arbor Acres United Methodist Retirement Community Inc

Winstonsalem, NC

PURPOSE: OPERATIONAL SUPPORT

$200,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$200,000
Flow Foundation Inc

Winstonsalem, NC

PURPOSE: COMMUNITY INVOLVEMENT PROGRAMS

$100,000
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$91,300
North Carolina Baptist Hospital

Winstonsalem, NC

PURPOSE: SUPPORTING THE PROJECT IMPACT FUND

$83,333
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$425,467,477
Earnings$56,403,162
Admin Expense$4,533,202
Net Contributions$46,813,829
Grants$32,578,619
Ending Balance$491,572,647

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