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WAKE Forest University Development Foundation

Public charity
DBA: FOUNDATION
Other · WINSTON SALEM, NC · EIN 56-2038194

About

The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"), Wake Forest University Health Sciences ("WFUHS"), and Reynolda House, Inc. ("RH"), each of which supported organizations are 501 (c)(3) organizations. The organization's purposes include: (1) serving as the recipient of properties contributed to the supported organizations to be held temporarily; (2) managing short-term contributed properties; (3) determining whether and when prospective contributions of real or personal property should be accepted, retained, liquidated or transferred; (4) obtaining, acquiring, receiving, constructing, erecting or improving properties to which the organization holds title; holding, retaining, leasing, managing, selling, disposing of, or assigning the income from and/or rights in or to real and personal property; and (5) establishing subsidiary organizations or entities.

DBA Foundation

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
12

Financial Snapshot

FY ending 2023-06-30
Revenue
$0
Expenses
$8K
Assets
$216K
Liabilities
$104K

Financial history

$1.7M$856K$0
1617181920212223
RevenueExpenses
Latest FY2023: $0 · Peak FY2017: $268K · Avg: -$280K
WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION
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Address

1834 WAKE Forest RD Unit 7201
Winston Salem, NC, 27109-604

Governance

Voting board members12
Independent members12
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
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
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