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WAKE Forest University

Public charityFed auditsIRS 990990-T FY2023
DBA: % CONTROLLERS OFFICE
Other · WINSTONSALEM, NC · EIN 56-0532138

About

Wake Forest University, a 501(c)(3) institution of higher education, is dedicated to the pursuit of excellence in the liberal arts and in graduate and professional education. The organization is comprised of seven constituent parts: Wake Forest College; the Graduate School of Arts and Sciences; the School of Law; the School of Medicine; the School of Business; the School of Divinity; and the School of Professional Studies. It seeks to honor the ideals of liberal learning, which entail commitment to transmission of cultural heritages; teaching the modes of learning in the basic disciplines of human knowledge; developing critical appreciation of moral, aesthetic and religious values; advancing the frontiers of knowledge through in-depth study and research; and applying knowledge in the service of humanity.

In care of Controllers Office

Donations are tax-deductible
Category
Other
Employees
5,772
Volunteers
2,200

Financial Snapshot

FY ending 2023-06-30
Revenue
$686.9M
Expenses
$654.8M
Assets
$2.7B
Liabilities
$802.5M

Financial history

$715.4M$357.7M$0
1617181920212223
RevenueExpenses
Latest FY2023: $686.9M · Peak FY2022: $715.4M · Avg: $633.8M

Foreign activity (Schedule F)

Total spent abroad$17.3M
Foreign employees0
Foreign offices19
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
Central America & the Caribbean
Central America & the Caribbean
Central America & the Caribbean
Central America & the Caribbean
Central America & the Caribbean
Central America & the Caribbean
East Asia & Pacific
East Asia & Pacific
East Asia & Pacific
East Asia & Pacific
East Asia & Pacific
Europe & North Atlantic
Europe & North Atlantic
Europe & North Atlantic
Europe & North Atlantic
Europe & North Atlantic
Europe & North Atlantic
Europe & North Atlantic
Europe & North Atlantic
Middle East & North Africa
Middle East & North Africa
Middle East & North Africa
Middle East & North Africa
North America
North America

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$75K
Grants Given
$115.4M
WAKE FOREST UNIVERSITY
Your actions

Address

1834 WAKE Forest Road
Winstonsalem, NC, 27109-600

Governance

Voting board members48
Independent members46
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %22.2%
Permanent endowment %47.2%
Endowment held by related orgYes
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.