Wake Forest University
Wake Forest University is a public charity based in Winston-Salem, North Carolina, founded in 1834. It is an institution of higher education whose work includes liberal arts, graduate and professional education, and research. Its reported giving includes research subcontracts and support for other organizations, while its Educating Character Initiative offers grants to U.S. colleges and universities.
Wake Forest University at a glance
In short: Wake Forest University gave $17.2M across 117 grants in 2025 (avg $147K), top state North Carolina. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $17,210,416
- +174.3% vs 2024
- Grants made (2025)
- 117
- +44.4% vs 2024
- Average grant
- $147,098
- +89.9% vs 2024
- Median grant
- $50,000
- Total assets
- $2,983,355,494
- +6.4% vs 2024
- Primary geography
- North Carolina (25% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Wake Forest University
- Next open deadline
- November 16, 2026 (Institutional Impact Grants)
- Contact
Mailing address: 1834 Wake Forest Rd Box 7201, Winstonsalem, NC 27109
Phone: (336) 758-5233
Website: https://wfu.edu
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
3 open opportunities from Wake Forest University
Institutional Impact Grants
Wake Forest University
Amount
US $100,000 - US $1,000,000
Deadline
November 16, 2026
Listed date — confirm with the funder
Professional Development Grant
Wake Forest University
Amount
Up to US $400
Deadline
Deadline not published
Wake Forest Capacity Building Grant
Wake Forest University
Amount
Up to US $50,000
Deadline
Expected ~December
Based on past cycles
Who Wake Forest University funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Reynolda House Inc ($1.3M). Together the top 10 received $7.4M.
Grant Size Distribution
318 grants across all recorded years
The most common grant size was under $50K: 172 grants of 318 (54%).
Geographic Focus
Where this funder awards grants
The 2027 Educating Character Initiative opportunity is for U.S. colleges and universities. In the 2025 filing, recipients were located across multiple states; North Carolina received 25% of grant dollars, followed by Massachusetts at 9%, and Virginia, Colorado, and Indiana at 6% each.
Grant Distribution by State
Share of 2025 grant dollars across all 117 itemized grants.
States
Cities
How Wake Forest University gives
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2.3M (2020) to $17.2M (2025). In 2025 it made 117 grants totaling $17.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Reynolda House Inc Winston-Salem, NC | Operations Support | $1,346,455 |
| Wake Forest Univ Health Sciences Winston-Salem, NC | Research Subcontract | $1,308,253 |
| UNC Chapel Hill Chapel Hill, NC | Research Subcontract | $940,591 |
| The Regents of the University of Colorado Boulder, CO | Research Subcontract | $734,427 |
| Brigham & Women's Hospital Somerville, MA | Research Subcontract | $603,639 |
| Montclair State University Montclair, NJ | Research Subcontract | $507,500 |
| Virginia Tech Blacksburg, VA | Research Subcontract | $500,000 |
| Arizona State University Phoenix, AZ | Research Subcontract | $500,000 |
| The Catholic University of America Washington, DC | Research Subcontract | $500,000 |
| Purdue University West Lafayette, IN | Research Subcontract | $500,000 |
Ready to take the next step with Wake Forest University?
Financial History
Multi-year comparison from IRS filings
In 2025, the filing reported 117 grants; in 2024 it reported 81, and in 2023 it reported 50.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,983,355,494 | $843,176,173 | $786,273,688 | $17,210,416 | 117 | $78,404,877 |
| 2024 | $2,804,123,401 | $764,367,570 | $705,687,576 | $6,274,744 | 81 | $68,875,714 |
| 2023 | $2,655,159,124 | $686,860,190 | $654,792,741 | $4,328,648 | 50 | $48,365,539 |
| 2022 | $2,572,484,456 | $715,438,504 | $627,965,784 | $4,812,877 | 49 | $61,644,679 |
| 2021 | $2,570,183,256 | $681,736,258 | $585,188,441 | $3,243,659 | 21 | $71,186,988 |
| 2020 | $2,139,822,388 | $583,443,727 | $577,597,318 | $2,341,898 | 28 | $19,653,042 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Wake Forest states that it is dedicated to excellence in liberal arts and graduate and professional education. Its mission includes teaching the disciplines of human knowledge, developing appreciation of moral, aesthetic, and religious values, advancing knowledge through research, and applying knowledge in service to humanity.
The university’s Educating Character Initiative supports U.S. colleges and universities working to develop moral, civic, and intellectual character among faculty, staff, students, and institutions. Its 2027 institutional grant opportunity prioritizes institutional support, alignment with mission and values, meaningful integration of character education, preparation for engagement beyond campus, and willingness to share learning with a community of practice.
The 2025 filing also lists grants for operations support and research subcontracts. Among the grantees, Reynolda House Inc. describes its mission as preserving and interpreting an American country home and collection of American art. Wake Forest University Health Sciences describes itself as part of Atrium Health Wake Forest Baptist, an academic medical center and learning health system. Other grantees include universities and hospitals.
Grantmaking
In filing year 2025, Wake Forest reported 117 grants totaling $17,210,416. Individual grants ranged from $5,291 to $1,346,455, with a median of $50,000. The largest listed grants included $1,346,455 to Reynolda House Inc. for operations support, $1,308,253 to Wake Forest University Health Sciences for a research subcontract, and $940,591 to UNC Chapel Hill for a research subcontract. Other large awards included research subcontracts to the University of Colorado ($734,427) and Brigham & Women’s Hospital ($603,639); Virginia Tech, Arizona State University, Catholic University of America, Purdue University, and the University of Mississippi each received $500,000 for research subcontracts. The filing also lists $500,000 to the University of Notre Dame.
The university’s 2027 Educating Character Initiative RFP anticipates Institutional Impact Grants of $100,000 to $1,000,000 and Capacity-Building Grants of up to $50,000. The listed 2027 opportunity describes three-year Institutional Impact Grants and says Wake Forest staff and consultants will provide context-specific support to recipients.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jeanne Whitman Bobbitt as Board Chair; Curtis C Farmer and Matthew A King as Board Vice Chairs; and Diana M Adams and Peter C Brockway as Committee Vice Chairs. It also lists Alexander Acquavella, Lynn C Baranski, Darlene Boytell-Perez, and Rich Brock as trustees, and Shelmer D Blackburn Jr as a Committee Chair.
Wake Forest University is led by Susan R Wente PhD, President & Trustee on every filing since 2022; 17 of 66 officers listed in 2025 are compensated.
Officers on the 2025 filing
Susan R Wente PhD
President & Trustee
On filings since 2022
29.3 hrs/week
$692K (2022) → $1.5M (2025)
Cantey M Ergen
Committee Chair
Committee Chair → Board Vice Chair, 2022
Board Vice Chair → Committee Chair, 2025
On filings since 2020
4 hrs/week
No compensation reported
Frank B Holding Jr.
Committee Chair
On filings since 2020
5 hrs/week
No compensation reported
Jane McGraw
Committee Chair
Trustee → Committee Vice Chair, 2022
Committee Vice Chair → Committee Chair, 2024
On filings since 2020
4 hrs/week
No compensation reported
Jeanne Whitman Bobbitt
Board Chair
Committee Chair → Board Vice Chair, 2024
Board Vice Chair → Board Chair, 2025
On filings since 2020
15 hrs/week
No compensation reported
Jermyn M Davis
Committee Chair
Trustee → Committee Chair, 2025
On filings since 2020
6 hrs/week
No compensation reported
Jocelyn Burton
Committee Chair
Committee Chair → Trustee, 2023
Trustee → Committee Chair, 2024
On filings since 2020
6 hrs/week
No compensation reported
Katherine B Wright
Committee Chair
Trustee → Committee Chair, 2022
On filings since 2020
5 hrs/week
No compensation reported
Shannan Spence Townsend
Committee Chair
Trustee → Committee Vice Chair, 2024
Committee Vice Chair → Committee Chair, 2025
On filings since 2020
6 hrs/week
No compensation reported
Shelmer D Blackburn Jr.
Committee Chair
Trustee → Committee Vice Chair, 2024
Committee Vice Chair → Committee Chair, 2025
On filings since 2020
5 hrs/week
No compensation reported
Mit B Shah
Committee Chair
Committee Vice Chair → Committee Chair, 2022
On filings since 2021
6 hrs/week
No compensation reported
A Dale Jenkins
Committee Chair
Committee Vice Chair → Committee Chair, 2023
On filings since 2022
4 hrs/week
No compensation reported
Michael C Smith
Committee Chair
Trustee → Committee Vice Chair, 2023
Committee Vice Chair → Committee Chair, 2024
On filings since 2022
6 hrs/week
No compensation reported
John A Currie
Director of Athletics
Director of Athletics on → Director of Athletics, 2021
On filings since 2020
40 hrs/week
$652K (2020) → $1.3M (2025)
Deborah D Lambert
Trustee
Committee Chair → Trustee, 2025
On filings since 2020
4 hrs/week
No compensation reported
Gary S Pinkus
Trustee
Committee Chair → Committee Vice Chair, 2022
Committee Vice Chair → Trustee, 2023
On filings since 2020
3 hrs/week
No compensation reported
Gerald F Roach
Trustee
Board Chair → Committee Vice Chair, 2022
Committee Vice Chair → Trustee, 2024
On filings since 2020
6 hrs/week
No compensation reported
Helen Hough Feinberg
Trustee
On filings since 2020
3 hrs/week
No compensation reported
James E Dixon
Trustee
On filings since 2020
3 hrs/week
No compensation reported
James M O'Connell
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Janice K Story
Trustee
On filings since 2020
4 hrs/week
No compensation reported
John M Vann
Trustee
Committee Chair → Trustee, 2024
On filings since 2020
3 hrs/week
No compensation reported
Jorge Rodriguez
Trustee
Trustee → Committee Vice Chair, 2021
Committee Vice Chair → Trustee, 2023
On filings since 2020
3 hrs/week
No compensation reported
Lisbeth Clark Evans
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Peter M Carlson
Trustee
Committee Vice Chair → Committee Chair, 2023
Committee Chair → Trustee, 2025
On filings since 2020
3 hrs/week
No compensation reported
Prince R Rivers
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Anil Rai Gupta
Trustee
On filings since 2022
3 hrs/week
No compensation reported
Aubrey L Martin
Trustee
On filings since 2022
3 hrs/week
No compensation reported
Alexander Acquavella
Trustee
On filings since 2023
3 hrs/week
No compensation reported
Hannah VanderWeide Shue
Trustee
On filings since 2023
3 hrs/week
No compensation reported
Julie Ann Mullen Hartman
Trustee
On filings since 2023
4 hrs/week
No compensation reported
David F Couch
Trustee
On filings since 2024
3 hrs/week
No compensation reported
Lynn C Baranski
Trustee
On filings since 2024
3 hrs/week
No compensation reported
Matthew B Teller
Trustee
On filings since 2024
3 hrs/week
No compensation reported
The Honorable Donna F Edwards
Trustee
On filings since 2024
4 hrs/week
No compensation reported
Darlene Boytell-Perez
Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Laura Horton Virkler
Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Patricia L Turner
Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Rich Brock
Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Stella A Ross
Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
B Hofler Milam
Former Executive Vice President, CFO & Treasurer
Executive Vice President, CFO & Treasurer → Former Executive Vice President, CFO & Treasurer, 2024
On filings since 2020
40 hrs/week
$700K (2020) → $439K (2025)
Charles L Iacovou PhD
Dean & School of Profession
Dean & Business School → Dean & School of Professional Studies, 2023
Dean & School of Professional Studies → Dean & School of Profession, 2024
On filings since 2020
40 hrs/week
$505K (2020) → $869K (2025)
David P Clawson
Football Coach
On filings since 2020
40 hrs/week
$3.6M (2020) → $4.9M (2025)
J Reid Morgan
Former S.vp, Secretary & G.c.
S.vp, Secretary & G.c. → Former S.vp, Secretary & G.c., 2025
On filings since 2020
19.7 hrs/week
$655K (2020) → $412K (2025)
Mark A Petersen
Senior Vice President - Advancement
Vice President - Advancement → Senior Vice President - Advancement, 2024
On filings since 2020
40 hrs/week
$588K (2020) → $796K (2025)
Michele Gillespie PhD
Provost
Dean & Wake Forest College → Provost, 2023
On filings since 2020
40 hrs/week
$370K (2020) → $1M (2025)
Rogan Kersh PhD
Former Provost
Provost → Former Provost, 2023
On filings since 2020
40 hrs/week
$639K (2020) → $206K (2025)
Warren D Ruggiero
F'ball Offensive Coordinator
Assistant F'ball Coach → F'ball Offensive Coordinator, 2023
On filings since 2020
40 hrs/week
$546K (2020) → $1.1M (2025)
Steve Forbes
Men's Bktball Co
On filings since 2021
40 hrs/week
$1.1M (2021) → $2.5M (2025)
Anthony P Marsh PhD
Senior Associate Dean & Wake Forest College
Interim Dean & Wake Forest College → Senior Associate Dean & Wake Forest College, 2025
On filings since 2023
40 hrs/week
$259K (2023) → $250K (2025)
Brad Lambert
F'ball Defensive Coordinator
On filings since 2023
40 hrs/week
$798K (2023) → $887K (2025)
Annette Ranft PhD
Dean & School of Business
On filings since 2024
40 hrs/week
$550K (2024) → $594K (2025)
Brian A White
Vice President, Corp. Secretary & G.c.
On filings since 2024
19.7 hrs/week
$387K (2024) → $693K (2025)
Jackie Krasas PhD
Dean & Wake Forest College
On filings since 2024
40 hrs/week
$290K (2024) → $523K (2025)
Jacqueline A Travisano EdD
Executive Vice President, CFO & Treasurer
On filings since 2024
36.5 hrs/week
$665K (2024) → $852K (2025)
Ben C Sutton Jr.
Committee Vice Chair
Committee Chair → Trustee, 2022
Trustee → Committee Vice Chair, 2024
On filings since 2020
5 hrs/week
No compensation reported
Curtis C Farmer
Board Vice Chair
Committee Chair → Board Vice Chair, 2024
On filings since 2020
6 hrs/week
No compensation reported
Diana M Adams
Committee Vice Chair
Committee Vice Chair → Committee Chair, 2022
Committee Chair → Committee Vice Chair, 2025
On filings since 2020
4 hrs/week
No compensation reported
Eric C Wiseman
Committee Vice Chair
Trustee → Committee Vice Chair, 2021
On filings since 2020
5 hrs/week
No compensation reported
Julie A Freischlag MD
Executive Vice President Health Aff.
On filings since 2020
2 hrs/week
No compensation reported
Matthew A King
Board Vice Chair
Board Vicechair → Board Chair, 2022
Board Chair → Board Vice Chair, 2025
On filings since 2020
6 hrs/week
No compensation reported
Matthew Starbuck Crawford
Committee Vice Chair
Trustee → Committee Vice Chair, 2025
On filings since 2020
4 hrs/week
No compensation reported
Peter C Brockway
Committee Vice Chair
Committee Chair → Trustee, 2022
Trustee → Committee Vice Chair, 2025
On filings since 2020
4 hrs/week
No compensation reported
Thomas W Bunn
Committee Vice Chair
Trustee → Committee Vice Chair, 2024
On filings since 2020
4 hrs/week
No compensation reported
Marybeth Torbet Hays
Committee Vice Chair
Trustee → Committee Vice Chair, 2023
On filings since 2022
6 hrs/week
No compensation reported
Frederick W Eubank II
Committee Vice Chair
Trustee → Committee Vice Chair, 2025
On filings since 2024
4 hrs/week
No compensation reported
Former officers (43)
- Former: Anita M Conrad (2020–2024) — Assistant Secretary
- Former: Bobby R Burchfield (2021–2024) — Committee Chair
- Former: Cathy Wall Thomas MD (2021–2024) — Trustee
- Former: David I Wahrhaftig (2021–2024) — Committee Chair
- Former: David W Dupree (2021–2024) — Trustee
- Former: Donald E Flow (2021–2024) — Committee Vice Chair
- Former: H Lawrence Culp Jr. (2021–2024) — Trustee
- Former: John M McAvoy (2021–2024) — Committee Vice Chair
- Former: Mary R Farrell (2021–2024) — Committee Chair
- Former: Ogden Phipps II (2021–2024) — Trustee
- Former: Robert J McCreary (2021–2024) — Committee Vice Chair
- Former: Serena Fisher Dugan (2021–2024) — Trustee
- Former: Tom Walter (2024) — Baseball Coach
- Former: William Rittenhouse Culbreth Jr. (2024) — Trustee
- Former: Alice Proietti (2020–2023) — Trustee
- Former: Donna A Boswell (2020–2023) — Committee Chair
- Former: Donna F Edwards (2020–2023) — Trustee
- Former: Herman E Eure (2020–2023) — Board Vice Chair
- Former: Nathan O Hatch (2020–2023) — Former President
- Former: Savannah Littlejohn (2023) — Trustee
- Former: Alice Kirby Horton (2020–2022) — Committee Vice Chair
- Former: Daniel R Manning (2020–2022) — Former Men's Bktball Co
- Former: Eric W Eubank II (2020–2022) — Committee Chair
- Former: Jane Aiken (2020–2022) — Dean & Law School
- Former: John D McConnell MD (2020–2022) — Former Executive Vice President Health Affairs
- Former: Lindsay N Chambers (2020–2022) — Committee Vice Chair
- Former: Michael J Selverian (2020–2022) — Committee Chair
- Former: Ronald D Wellman (2020–2022) — Former Director of Athletics
- Former: Caroline Walker (2022) — Trustee
- Former: Lyle Joseph Hemphill (2022) — Assistant F'ball Coach
- Former: John I Bitove (2020–2021) — Committee Chair
- Former: Lloyd P Tate Jr. (2020–2021) — Committee Chair
- Former: Andrew J Logan (2021) — Trustee
- Former: Andrew R Chan (2021) — Vice President Career Development
- Former: Beth Norbrey Hopkins (2021) — Trustee on
- Former: Harold O Rosser (2020) — Committee Vice Chair
- Former: James J Marino (2020) — Committee Chair
- Former: John R Lowden (2020) — Trustee
- Former: Kyle R Adams (2020) — Trustee
- Former: Lawrence D Hopkins MD (2020) — Trustee
- Former: Michael Mahoney to (2020) — Trustee
- Former: Richard Alan Fox (2020) — Committee Vice Chair
- Former: Thomas Walter (2020) — Baseball Coach
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $4.9M, to David P Clawson (Football Coach). 17 officers or directors reported compensation on that filing.
Frequently asked questions about Wake Forest University
How much does Wake Forest University give each year?
Wake Forest University gave $17.2M across 117 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $6.3M across 81 grants.
What is Wake Forest University's typical grant size?
Wake Forest University's median grant in 2025 was $50,000, and its average grant was $147,098, across 117 grants on its 2025 IRS Form 990.
Where does Wake Forest University give grants?
Wake Forest University's top state is North Carolina, with 25% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Massachusetts (9%) and Virginia (6%). The most frequent recipient cities were Winston-Salem, NC (8 grants), Chicago, IL (5 grants), Nashville, TN (3 grants) and Washington, DC (2 grants).
Does Wake Forest University give general operating support?
Not in 2025: none of the 117 grants with a stated purpose on Wake Forest University's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Research Subcontract" (105 grants).
Who are Wake Forest University's largest grantees?
Wake Forest University's largest 2025 grantees include Reynolda House Inc ($1,346,455), Wake Forest Univ Health Sciences ($1,308,253) and UNC Chapel Hill ($940,591), according to its 2025 IRS Form 990. Together they received 21% of its itemized 2025 grant dollars.
How large is Wake Forest University?
Wake Forest University reported $3.0B in total assets on its 2025 IRS Form 990. Its revenue that year was $843.2M.
What does Wake Forest University fund?
Wake Forest states that it is dedicated to excellence in liberal arts and graduate and professional education. See mission & focus areas ↑
How do I apply for a grant from Wake Forest University?
Wake Forest University has no public application process in the sources Grantable reviewed. Check wfu.edu for current guidelines, or contact the foundation directly before submitting a request.
What is Wake Forest University's EIN?
Wake Forest University's EIN (Employer Identification Number) is 56-0532138. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
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 16, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 14, 2023)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Wake Forest University's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Wake Forest University funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/wake-forest-university-morg_fddcfdd5dd034abd92071a8d095c5cc5
BibTeX
@misc{grantable_560532138_2026,
author = {{Grantable}},
title = {{Wake Forest University funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/wake-forest-university-morg_fddcfdd5dd034abd92071a8d095c5cc5},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Wake Forest University's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Wake Forest University down — hundreds of funders to go?