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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$77K
-64.2% YoY
Annual Giving
$125K
Grant Count
1
Avg Grant Size
$125K
About Wake Forest University Development
Based on IRS filings
Wake Forest University Development is a nonprofit organization focused on Education, based in WINSTONSALEM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $77K in total assets. In 2024, it awarded 1 grants totaling $125K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $77,144 | $215,711 | $223,333 |
| Revenue | $-13,634 | — | $-337,944 |
| Expenses | $124,523 | $8,442 | $177,688 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-13,634 | — | $-497,944 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wake Forest University ($124,523).
| Recipient | Purpose | Amount |
|---|---|---|
| Wake Forest University WinstonSalem, NC | To benefit teaching and learning at Wake Forest University | $124,523 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mit B Shah | Chair | 0.3 | — |
| Robert J McCreary | Vice Chair | 0.3 | — |
| Lynn C Baranski | Trustee | 0.3 | — |
| Frederick W Eubank II | Trustee | 0.3 | — |
| Peter C Brockway | Trustee | 0.3 | — |
| Frank B Holding Jr | Trustee | 0.3 | — |
| Mary Torbet Hays | Trustee | 0.3 | — |
| Aubrey L Martin | Trustee | 0.3 | — |
| John M McAvoy | Trustee | 0.3 | — |
| James M O'Connell | Trustee | 0.3 | — |
| Ogden Phipps II | Trustee | 0.3 | — |
| Michael C Smith | Trustee | 0.3 | — |
| David I Wahrhaftig | Trustee | 0.3 | — |
| Susan R Wente PhD | President | 0.3 | — |
| Jacqueline A Travisano EdD | Vice President | 0.3 | — |
| J Reid Morgan | Secretary | 0.3 | — |
| Anita M Conrad | Assistant Secretary-retired 10/31/23) | 0.3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wake Forest University Development?
Wake Forest University Development is a nonprofit organization focused on Education, based in WINSTONSALEM, NC. It holds $77K in total assets as of 2024.
How large is Wake Forest University Development?
As of 2024, Wake Forest University Development holds $77K in total assets with $-13,634 in annual revenue. It awarded 1 grants totaling $125K in 2024.
Where does Wake Forest University Development operate?
Wake Forest University Development has awarded grants in North Carolina.
What size grants does Wake Forest University Development award?
In 2024, Wake Forest University Development awarded 1 grants totaling $125K — an average of about $125K per grant, based on its IRS Form 990 filings.
What is Wake Forest University Development's EIN?
Wake Forest University Development's EIN (Employer Identification Number) is 56-2038194. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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