Wake Forest University Development Foundation
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.
Wake Forest University Development Foundation at a glance
- Total assets
- $386,877
- +401.5% vs 2024
- Revenue (2025)
- $318,956
- -2439.4% vs 2024
- Expenses (2025)
- $9,412
- -92.4% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Wake Forest University Development Foundation funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Wake Forest University Development Foundation gives
- Giving grew 111% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $6K (2020) to $352K (2019). In 2024 it made 1 grant totaling $125K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wake Forest University Winston-Salem, NC | To benefit teaching and learning at Wake Forest University | $124,523 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $386,877 | $318,956 | $9,412 | — | — | — |
| 2024 | $77,144 | $-13,634 | $124,523 | $124,523 | 1 | $-13,634 |
| 2023 | $215,711 | — | $8,442 | — | — | — |
| 2022 | $223,333 | $-337,944 | $177,688 | $171,100 | 1 | $-497,944 |
| 2021 | $246,438 | $-10,305 | $63,035 | $59,042 | 1 | $-10,305 |
| 2020 | $310,327 | $-73,169 | $17,692 | $6,081 | 1 | $-89,569 |
| 2019 | $386,472 | $9,421 | $366,658 | $352,383 | 1 | $-61,279 |
About Wake Forest University Development Foundation
Based on IRS filings
Wake Forest University Development Foundation is a public charity focused on Education, based in Winston-Salem, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $387K in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Wake Forest University Development Foundation is led by Susan R Wente PhD, President on every filing since 2022; none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
Susan R Wente PhD
President
On filings since 2022
0.3 hrs/week
No compensation reported
Mit B Shah
Chair
Trustee → Chair, 2022
On filings since 2019
0.3 hrs/week
No compensation reported
Frank B Holding Jr.
Trustee
Chair → Trustee, 2023
On filings since 2019
0.3 hrs/week
No compensation reported
James M O'Connell
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Aubrey L Martin
Trustee
On filings since 2022
0.3 hrs/week
No compensation reported
Cantey C Ergen
Trustee
On filings since 2022
0.3 hrs/week
No compensation reported
Michael C Smith
Trustee
On filings since 2023
0.3 hrs/week
No compensation reported
Frederick W Eubank II
Trustee
On filings since 2024
0.3 hrs/week
No compensation reported
Lynn C Baranski
Trustee
On filings since 2024
0.3 hrs/week
No compensation reported
Marybeth Torbet Hays
Trustee
New on the 2025 filing
0.3 hrs/week
No compensation reported
Peter C Brockway
Vice Chair
Trustee → Vice Chair, 2025
On filings since 2023
0.3 hrs/week
No compensation reported
Jacqueline A Travisano EdD
Vice President
On filings since 2024
0.3 hrs/week
No compensation reported
Brian A White
Secretary
New on the 2025 filing
0.3 hrs/week
No compensation reported
Former officers (23)
- Former: Anita M Conrad (2019–2024) — Assistant Secretary-Retired
- Former: J Reid Morgan (2019–2024) — Secretary
- Former: Ogden Phipps II (2019–2024) — Trustee
- Former: John M McAvoy (2021–2024) — Trustee
- Former: Robert J McCreary (2021–2024) — Vice Chair
- Former: Mary Torbet Hays (2022–2024) — Trustee
- Former: David I Wahrhaftig (2024) — Trustee
- Former: B Hofler Milam (2019–2023) — Vice President & Treasurer
- Former: Diana Adams (2020–2023) — Trustee
- Former: Curtis C Farmer (2019–2022) — Trustee
- Former: Helen Hough Feinberg (2022) — Trustee
- Former: Michael J Selverian (2022) — Trustee
- Former: Jorge Rodriguez (2019–2021) — Vice Chair
- Former: Lisbeth Clark Evans (2019–2021) — Trustee
- Former: Nathan O Hatch PhD (2019–2021) — President
- Former: Shannon Spence Townsend (2019–2021) — Trustee
- Former: Michale J Selverian (2021) — Trustee
- Former: Harold O Rosser (2019–2020) — Vice Chair
- Former: John R Lowden (2019–2020) — Trustee
- Former: Eric Wiseman (2020) — Trustee
- Former: H Lawrence Culp Jr. (2019) — Trustee
- Former: John M Vann (2019) — Trustee
- Former: Michael F Mahoney (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Wake Forest University Development Foundation
How large is Wake Forest University Development Foundation?
Wake Forest University Development Foundation reported $387K in total assets on its 2025 IRS Form 990. Its revenue that year was $319K.
What is Wake Forest University Development Foundation?
Wake Forest University Development Foundation is a public charity focused on Education, based in Winston-Salem, NC. It holds $387K in total assets as of 2025.
Where does Wake Forest University Development Foundation operate?
Wake Forest University Development Foundation has awarded grants in North Carolina.
What is Wake Forest University Development Foundation's EIN?
Wake Forest University Development Foundation's EIN (Employer Identification Number) is 56-2038194. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
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 May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS July 14, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Wake Forest University Development Foundation's focus areas in our free grants database
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Wake Forest University Development Foundation down — hundreds of funders to go?