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Wake Forest University Health Sciences

WINSTONSALEM, NC EIN: 22-3849199 Website

SEE SCHEDULE O FOR CONTINUATIONWAKE FOREST UNIVERSITY HEALTH SCIENCES (AT TIMES ALSO REFERRED TO AS "WAKE FOREST UNIVERSITY SCHOOL OF MEDICINE", "WFUHS 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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.2B

+4.2% YoY

Annual Giving

$301K

-88.1% YoY

Grant Count

7

-12.5% YoY

Avg Grant Size

$43K

-86.4% YoY

About Wake Forest University Health Sciences

Based on IRS filings

Wake Forest University Health Sciences 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 $2.2B in total assets. In 2024, it awarded 7 grants totaling $301K. Net investment income was $80.2M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Cities

BeverlyCaryCharlotteChicagoElkinGreensboroHigh PointLexingtonLinthicumMilwaukeePhiladelphiaRaleighRandlemanSpartaWashingtonWilkesboroWinston SalemWinstonsalem

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$471M$943M$1.4B$1.9B20202021202220232024
Metric202420232022
Total Assets$2,186,649,419$2,098,996,618$1,941,039,363
Revenue$1,713,703,683$1,642,738,661$1,216,917,552
Expenses$1,611,375,512$1,535,945,189$1,358,890,515
Qualifying Distributions
Net Investment Income$80,185,013$68,749,404$-39,361,966
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$635K$1M$2M$3M12 grants20207 grants202110 grants20228 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

WILKES COUNTY HEALTH DEP…$140KPIEDMONT TRIAD PARTNERSHIP$50KGREATER HIGH POINT FOOD …$48KACTION4EQUITY INC$30KLEXINGTON MEDICAL CENTER…$18KCANCER SERVICES INC$10KUROLOGY CARE FOUNDATION …$6K

Grant Size Distribution

44 grants across all recorded years

33<$50K4$50–100K2$100–250K3$250–500K$500K–1M2$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

JULIE ANN FREISCHLAG…DIRECTOR, CEO AHWFB$7.6MBRADLEY A CLARKEVP, TREASURER$2.5MTERRY G WILLIAMSFORMER OFFICER$2.2MEDWARD H KINCAID MDACADEMIC FACULTY PHYSICIAN -…$1.8ML EBONY BOULWARE MDDEAN, WFU SCHOOL OF MEDICINE$1.7MANTHONY ATALA MDACADEMIC FACULTY PHYSICIAN -…$1.7MRUBEN MESASRVP & ED COMP CANCER, PRES …$1.6MDAVID ZHAO MDACADEMIC FACULTY PHYSICIAN -…$1.5MDAVID ZAAS MDPRESIDENT HEALTH SYSTEM$1.3MTERRY L HALES JRASSISTANT TREASURER$1.3MKEVIN P HIGH MDFORMER OFFICER$1.3M

From 2024 filing

NameTitleHoursCompensation
JULIE ANN FREISCHLAG MDDIRECTOR, CEO AHWFB15.7$7,594,629
BRADLEY A CLARKEVP, TREASURER1$2,513,703
TERRY G WILLIAMSFORMER OFFICER$2,204,442
EDWARD H KINCAID MDACADEMIC FACULTY PHYSICIAN - CHAIR40$1,751,465
L EBONY BOULWARE MDDEAN, WFU SCHOOL OF MEDICINE35$1,717,096
ANTHONY ATALA MDACADEMIC FACULTY PHYSICIAN - CHAIR40$1,701,372
KENNETH LENNON MDCLIN ADJ FACULTY40
RUBEN MESASRVP & ED COMP CANCER, PRES ENTERPRISE CANCER SERV40$1,601,249
SUSAN R WENTE PHDDIRECTOR, PRESIDET WFU3
DAVID ZHAO MDACADEMIC FACULTY PHYSICIAN - SECTION CHIEF40$1,549,522
TERRY L HALES JRASSISTANT TREASURER35.2$1,310,800
DAVID ZAAS MDPRESIDENT HEALTH SYSTEM20$1,314,010
KEVIN P HIGH MDFORMER OFFICER$1,277,196
LISA M MARSHALLVP, CHIEF PHIL OFF10
BRIAN A WHITECORPORATE SECRETARY2
STEPHAN L LILLIESVP & CFO9.7
J REID MORGANFORMER OFFICER
DONALD E FLOWVICE CHAIR3
A DALE JENKINSCHAIR2
BRENDA CLINEDIRECTOR2
FREDERICK W EUBANK IIDIRECTOR2
MARYBETH TORBET HAYSDIRECTOR2
MATTHEW A KINGDIRECTOR2
MIT B SHAHDIRECTOR2
DONNA A BOSWELL PHDDIRECTOR2
MATTHEW CRAWFORDDIRECTOR2
CURTIS C FARMERDIRECTOR2
JAMES M O'CONNELLDIRECTOR2
CATHY WALL THOMAS MDDIRECTOR (TO 6/30/24)2
SHANNAN SPENCE TOWNSENDDIRECTOR2
JOHN M VANNDIRECTOR4
DAVID I WAHRHAFTIGDIRECTOR2
SHELMER D BLACKBURNDIRECTOR (FR 7/1/24)2
JEANNE WHITMAN BOBBITTDIRECTOR (FR 7/1/24)2
PATRICIA L TURNER MDDIRECTOR (FR 7/1/24)2

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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