Wake Forest University Baptist Medical Center
See schedule owake forest university baptist medical center (at times also referred to as the "medical center or "wfubmc or "the filing organization") is an integral part of atrium health wake forest baptist (at times also referred to as "ahwfb"), a preeminent learning health system and academic medical center of the highest quality with balanced excellence in patient care, research and education that promotes better health for all through collaboration, excellence and innovation. Ahwfb's mission is to improve health, elevate hope and advance healing - for all and its vision is to be the first and best choice for care.
Wake Forest University Baptist Medical Center at a glance
In short: Wake Forest University Baptist Medical Center gave $20.0M across 1 grant in 2024 (avg $20.0M), mostly in North Carolina. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $20,000,000
- Grants made (2024)
- 1
- Average grant
- $20,000,000
- Median grant
- $20,000,000
- Total assets
- $648,834,754
- +14.0% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Wake Forest University Baptist Medical Center funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Wake Forest University Health Sciences ($20.0M).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was $5M or more: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.5M (2020) to $20.0M (2024). In 2024 it made 1 grant totaling $20.0M.
*2021: Covers 18 months (fiscal year-end changed).
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wake Forest University Health Sciences Winston-Salem, NC | Support Mission and Operations of Wfuhs | $20,000,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $648,834,754 | $172,627,029 | $230,304,142 | $20,000,000 | 1 | $10,910,733 |
| 2023 | $569,235,159 | $163,386,699 | $197,909,707 | — | — | $6,523,895 |
| 2022 | $507,015,665 | $169,430,781 | $184,950,341 | $10,000,000 | 1 | $592,962 |
| 2021* | $570,543,990 | $276,993,877 | $250,475,609 | $10,000,000 | 1 | $2,171,846 |
| 2020 | $318,317,044 | $135,588,853 | $152,452,854 | $1,527,851 | 1 | $3,446,489 |
*2021: Covers 18 months (fiscal year-end changed).
About Wake Forest University Baptist Medical Center
Based on IRS filings
Wake Forest University Baptist Medical Center is a public charity focused on Health, based in Winston-Salem, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $648.8M in total assets. In 2024, it awarded 1 grant totaling $20.0M. Net investment income was $10.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Wake Forest University Baptist Medical Center is led by Eugene A. Woods, CEO Advocate Health on every filing since 2023; 11 of 34 officers listed in 2024 are compensated.
Officers on the 2024 filing
Eugene A. Woods
CEO Advocate Health
On filings since 2023
5 hrs/week
$16.5M (2023) → $22.9M (2024)
Julie Ann Freischlag MD
CEO of Ahwfb
Director, CEO & Dean → CEO & Dean, 2022
CEO & Dean → CEO of Ahwfb, 2023
On filings since 2020
5 hrs/week
No compensation reported
Cathleen Wheatley Dnp
President Wfbmc & Senior Vice President Cno
President Wfbmc & Senior Vice President Ch Nurs of → President Wfbmc & Senior Vice President Cno, 2023
On filings since 2020
40 hrs/week
$762K (2020) → $1.2M (2024)
David W. Zaas MD
President & Health System
On filings since 2023
20 hrs/week
No compensation reported
William C. Warden Jr.
Chair
Chair → Vice Chair, 2022
Vice Chair → Chair, 2024
On filings since 2020
15 hrs/week
No compensation reported
A. Lee Herring
Director
On filings since 2020
4 hrs/week
No compensation reported
Arthur A. Gibel
Director
On filings since 2020
4 hrs/week
No compensation reported
Donna A. Boswell PhD
Director
On filings since 2020
4 hrs/week
No compensation reported
John M. Vann
Director
On filings since 2020
4 hrs/week
No compensation reported
Sheree B. Watson
Director
On filings since 2020
4 hrs/week
No compensation reported
Felicia Allen
Director
On filings since 2021
4 hrs/week
No compensation reported
Matthew A. King
Director
On filings since 2021
4 hrs/week
No compensation reported
Richard L. Shackelford
Director
On filings since 2021
4 hrs/week
No compensation reported
Stephen L. Robertson
Director
On filings since 2021
4 hrs/week
No compensation reported
Susan R. Wente PhD
Director
Director → Direcotr, 2023
Direcotr → Director, 2024
On filings since 2021
5.5 hrs/week
No compensation reported
A. Dale Jenkins
Director
On filings since 2022
4 hrs/week
No compensation reported
Brian A. White
Director
On filings since 2023
4 hrs/week
No compensation reported
Leon Lee Jones MD
Director
On filings since 2023
4 hrs/week
No compensation reported
Nita Ahuja MD
Director
On filings since 2023
4 hrs/week
No compensation reported
Frank Thomas
Director
New on the 2024 filing
4 hrs/week
No compensation reported
Mark E. Reed
Director
New on the 2024 filing
4 hrs/week
No compensation reported
Bradley A. Clark
Executive Vice President & Treasurer
Executive Vice President, CFO & Treasurer → Executive Vice President & Treasurer, 2021
On filings since 2020
4 hrs/week
$947K (2020) → $2.5M (2024)
J. McLain Wallace Jr.
Senior Vice President, General Counsel & Secretary
Senior Vice President, General Cnsl & Secretary → Senior Vice President, General Counsel & Secretary, 2021
On filings since 2020
5 hrs/week
$788K (2020) → $1.7M (2024)
Lisa M. Marshall
Vice President & Chief Phil Officer
Vice President & Ch Phil Officer → Vice President & Ch Phil of, 2023
Vice President & Ch Phil of → Vice President & Chief Phil Officer, 2024
On filings since 2020
20 hrs/week
$476K (2021) → $974K (2024)
Michael T. Waid
Senior Vice President & Health System Ops
Senior Vice President & Hlth Sys Ops → Senior Vice President & Health System Ops, 2024
On filings since 2020
5 hrs/week
$626K (2020) → $837K (2024)
Terry G. Williams
Former Officer
Executive Vice President & Ch Strategy Officer → Executive Vice President & Ch Str Officer, 2022
Executive Vice President & Ch Str Officer → Former Officer, 2023
On filings since 2020
$889K (2020) → $2.2M (2024)
Todd M. Bankhead
Senior Vice President Clinical Ops & COO
Senior Vice President & Clin Ops → Senior Vice President Clin Ops & COO, 2023
Senior Vice President Clin Ops & COO → Senior Vice President Clinical Ops & COO, 2024
On filings since 2020
40 hrs/week
$567K (2020) → $862K (2024)
Rami Badreddine MD
Physician
On filings since 2021
40 hrs/week
$948K (2021) → $886K (2024)
Stephan L. Lillie
Senior Vice President & CFO
On filings since 2021
10 hrs/week
$355K (2021) → $667K (2024)
A. Mick Fisher
Senior Vice President & Chro Wfb
Senior Vice President & Chro → Senior Vice President & Chro Wfb, 2024
On filings since 2022
25 hrs/week
$889K (2022) → $985K (2024)
Donald E. Flow
Vice Chair
Vice Chair → Chair, 2022
Chair → Vice Chair, 2024
On filings since 2020
4 hrs/week
No compensation reported
J. Reid Morgan
Assistant Secretary
On filings since 2020
6 hrs/week
No compensation reported
Kevin P. High MD
Former Officer
President & Health System → Former Officer, 2024
On filings since 2020
No compensation reported
L. Ebony Boulware MD
Dean & Wfu Som
On filings since 2023
5 hrs/week
No compensation reported
Former officers (19)
- Former: Edwin L. Welch Jr. (2020–2023) — Director
- Former: William D. Showalter (2020–2023) — Former Officer
- Former: Richard Stick Williams (2021–2023) — Director
- Former: Karen H. Huey (2020–2022) — Former Officer
- Former: Patricia L. Turner MD (2021–2022) — Director
- Former: Wendy R. Hitchcock (2021–2022) — Director
- Former: Adelaide A. Sink (2020–2021) — Director
- Former: George D. Renfro (2020–2021) — Director
- Former: John H. McConnell MD (2020–2021) — Former Officer
- Former: Tri Le MD (2021) — Senior Vice President, Clin Ops & Pt Finance Svc
- Former: Catherine D. Deangelis MD (2020) — Director
- Former: Conrad S. Emmerich (2020) — Vice President & Business Svc
- Former: Edward E. Cornwell III MD (2020) — Director
- Former: Eric Tomlinson Dcs PhD (2020) — Former Officer
- Former: James J. Marino (2020) — Director
- Former: Lilicia Bailey (2020) — Senior Vice President & Ch People Officer
- Former: Nathan O. Hatch PhD (2020) — Director
- Former: Robert Gfeller (2020) — Former Officer
- Former: Vijaya Gandla MD (2020) — Physician
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $22.9M, to Eugene a Woods (CEO Advocate Health). 11 officers or directors reported compensation on that filing.
Frequently asked questions about Wake Forest University Baptist Medical Center
How much does Wake Forest University Baptist Medical Center give each year?
Wake Forest University Baptist Medical Center gave $20.0M across 1 grant in 2024, according to its 2024 IRS Form 990.
How large is Wake Forest University Baptist Medical Center?
Wake Forest University Baptist Medical Center reported $648.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $172.6M.
What is Wake Forest University Baptist Medical Center?
Wake Forest University Baptist Medical Center is a public charity focused on Health, based in Winston-Salem, NC. It holds $648.8M in total assets as of 2024.
Where does Wake Forest University Baptist Medical Center operate?
Wake Forest University Baptist Medical Center has awarded grants in North Carolina.
What is Wake Forest University Baptist Medical Center's EIN?
Wake Forest University Baptist Medical Center's EIN (Employer Identification Number) is 51-0190238. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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Wake Forest University Baptist Medical Center down — hundreds of funders to go?