| Deacon Blvd Holdings I LLC | Disregarded entity | Real Estate Holding - Currently Inactive | NC | 262203211 |
| Creative Cafe' LLC | Disregarded entity | No Operations | NC | 263700428 |
| Wake Forest University Spain SL | Disregarded entity | Study abroad educ. activities | — | 560532138 |
| Wake Forest Advantage LLC | Disregarded entity | Study Abroad | NC | 462754916 |
| Verger Fund I LLC | Disregarded entity | Holding Verger Capital Fund | DE | 560532138 |
| Wake Forest University Foundation | Related tax-exempt org | Real Estate Holding and Management | NC | 562038193 |
| Wake Forest University Health Sciences | Related tax-exempt org | Medical Education, research and patient care | NC | 223849199 |
| Wake Forest University Development Foundation | Related tax-exempt org | Management/Sale of charitable real property donations | NC | 562038194 |
| Reynolda House Inc | Related tax-exempt org | Museum of American Art | NC | 560810676 |
| Fundacion Educacional Wake Forest Chile | Related tax-exempt org | Study Abroad Education | — | 560532138 |
| Wake Forest Univ Baptist Med Center | Related tax-exempt org | Supports WFU, WFU Health Sciences, NC Baptist Hospital | NC | 510190238 |
| Wake Forest Univ Health Sciences Group | Related tax-exempt org | Kidney dialysis treatment centers | NC | 900222618 |
| Wake Forest Innovation Quarter Development Company | Related tax-exempt org | Research Park development | NC | 562094067 |
| Innovation Quarter | Related tax-exempt org | Research park development | NC | 061818498 |
| RegenMed Development Organization | Related tax-exempt org | Education supporting Regenerative Med. | NC | 202710571 |
| Wake Forest Innovation Quarter CDC | Related tax-exempt org | Research development | NC | 200177581 |
| Childress Institute for Pediatric Trauma | Related tax-exempt org | Medical Research | NC | 463674691 |
| Wake Forest Emergency Providers | Related tax-exempt org | Operates Primary Care Clinics | NC | 561903275 |
| The James W Denmark Loan Fund Inc | Related tax-exempt org | Student Loan Provider | NC | 560774769 |
| Verger Capital Management LLC | Related partnership | Asset Management | DE | 464037343 |
| Verger Capital Fund LLC | Related partnership | Endowment investing | DE | 464027021 |
| Wake Forest Technology Development Prog | Related partnership | Tech Devel. | NC | 475437596 |
| Verger Fund II LLC | Related partnership | Endowment investing | DE | 352514227 |
| Wake Forest Ambulatory VTR LLC | Related partnership | Healthcare | NC | 820777206 |
| Charitable Remain Trusts (27) | Related taxable corporation/trust | Investment | NC | — |