Wake Forest University

WINSTONSALEM, NC EIN: 56-0532138 Website

Wake Forest University, a 501(c)(3) institution of higher education, is dedicated to the pursuit of excellence in the liberal arts and in graduate and professional education. The organization is comprised of seven constituent parts: Wake Forest College; the Graduate School of Arts and Sciences; the School of Law; the School of Medicine; the School of Business; the School of Divinity; and the School of Professional Studies. It seeks to honor the ideals of liberal learning, which entail commitment to transmission of cultural heritages; teaching the modes of learning in the basic disciplines of human knowledge; developing critical appreciation of moral, aesthetic and religious values; advancing the frontiers of knowledge through in-depth study and research; and applying knowledge in the service of humanity.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$2.8B

+5.6% YoY

Annual Giving

$6.3M

+45.0% YoY

Grant Count

81

+62.0% YoY

Avg Grant Size

$77K

-10.5% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$210M$420M$631M$841M20202021202220232024
Metric202420232022
Total Assets$2,804,123,401$2,655,159,124$2,572,484,456
Revenue$764,367,570$686,860,190$715,438,504
Expenses$705,687,576$654,792,741$627,965,784
Qualifying Distributions
Net Investment Income$68,875,714$48,365,539$61,644,679
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$3M$5M$6M28 grants202021 grants202149 grants202250 grants202381 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Wake Forest Univ Health …$1.5MReynolda House Inc$582KThe Regents of the Unive…$476KThe Pennsylvania State U…$391KUNC Chapel Hill$389KDallas Baptist University$229KBrigham & Women's Hospital$224KCurators of the Universi…$208KNorth Carolina Black Rep…$187KRutgers University$154K

Grant Size Distribution

229 grants across all recorded years

137<$50K42$50–100K32$100–250K9$250–500K7$500K–1M2$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Wake Forest University fund?

Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

David P ClawsonFootball Coach$4.8MSteve ForbesMen's BktBall Co$2.3MSusan R Wente PhDPresident & Trustee$1.5MJohn A CurrieDirector of Athletics$1.1MWarren D RuggieroF'ball Offensive Coordinat$1.1MB Hofler MilamFormer EVP, CFO, Treas$1.0MMark A PetersenSVP - Advancement$1.0MTom WalterBaseball Coach$916KBrad LambertF'ball Defensive Coordinat$901KMichele Gillespie PhDProvost$742KJ Reid MorganS.VP, Sec, G.C.$691KJacqueline A Travisa…EVP, CFO, Treas$665KAnnette Ranft PhDDean, School of Business$550KCharles L Iacovou PhDDean, School of Profession$539KRogan Kersh PhDFormer Provost$516KBrian A WhiteVP, Corp. Sec, G.C.$387KAnthony P Marsh PhDInterim Dean, Wake Forest Co…$353KJackie Krasas PhDDean, Wake Forest College$290KAnita M ConradAsst Secretary$219K

From 2024 filing

NameTitleHoursCompensation
Matthew A KingBoard Chair15
Jeanne Whitman BobbittBoard Vice Chair6
Curtis C FarmerBoard Vice Chair6
Alexander AcquavellaTrustee3
Lynn C BaranskiTrustee3
Shelmer D Blackburn JrComm Vice Chair4
Peter C BrockwayTrustee5
Thomas W BunnComm Vice Chair4
Bobby R BurchfieldCommittee Chair6
Jocelyn BurtonCommittee Chair6
David F CouchTrustee3
Matthew Starbuck CrawfordTrustee3
William Rittenhouse Culbreth JrTrustee3
H Lawrence Culp JrTrustee3
Jermyn M DavisTrustee5
James E DixonTrustee3
Serena Fisher DuganTrustee3
David W DupreeTrustee4
The Honorable Donna F EdwardsTrustee5
Frederick W Eubank IITrustee5
Lisbeth Clark EvansTrustee3
Mary R FarrellCommittee Chair5
Helen Hough FeinbergTrustee3
Donald E FlowComm Vice Chair4
Anil Rai GuptaTrustee3
Julie Ann Mullen HartmanTrustee3
Marybeth Torbet HaysComm Vice Chair5
Frank B Holding JrCommittee Chair5
A Dale JenkinsCommittee Chair4
Aubrey L MartinTrustee3
John M McAvoyComm Vice Chair6
Robert J McCrearyComm Vice Chair3
Jane McGrawCommittee Chair4
James M O'ConnellTrustee3
Ogden Phipps IITrustee3
Rev Dr Prince R RiversTrustee3
Gerald F RoachTrustee5
Jorge RodriguezTrustee3
Mit B ShahCommittee Chair6
Hannah VanderWeide ShueTrustee3
Michael C SmithCommittee Chair5
Janice K StoryTrustee5
Ben C Sutton JrComm Vice Chair5
Matthew B TellerTrustee3
Cathy Wall Thomas MDTrustee3
Shannan Spence TownsendComm Vice Chair5
John M VannTrustee3
David I WahrhaftigCommittee Chair6
Eric C WisemanComm Vice Chair5
Susan R Wente PhDPresident & Trustee29.3$1,473,696
Julie A Freischlag MDEVP Health Aff.2
J Reid MorganS.VP, Sec, G.C.19.7$690,571
Anita M ConradAsst Secretary21$218,902
Michele Gillespie PhDProvost40$741,870
Jacqueline A Travisano EdDEVP, CFO, Treas36.5$664,838
Brian A WhiteVP, Corp. Sec, G.C.19.7$386,863
John A CurrieDirector of Athletics40$1,146,384
Anthony P Marsh PhDInterim Dean, Wake Forest College40$353,215
Jackie Krasas PhDDean, Wake Forest College40$289,703
Annette Ranft PhDDean, School of Business40$550,168
David P ClawsonFootball Coach40$4,774,547
Warren D RuggieroF'ball Offensive Coordinat40$1,067,221
Brad LambertF'ball Defensive Coordinat40$900,717
Steve ForbesMen's BktBall Co40$2,281,576
Tom WalterBaseball Coach40$915,597
Rogan Kersh PhDFormer Provost40$515,937
B Hofler MilamFormer EVP, CFO, Treas40$1,041,654
Charles L Iacovou PhDDean, School of Profession40$539,320
Mark A PetersenSVP - Advancement40$1,012,992

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

29states
+21 more states

Cities

ArlingtonAthensAtlantaAustinBerkeleyBlacksburgBoulderChapel HillCharlestonCharlotteCharolotteChicagoClevelandClintonColumbiaCommerceDallasDecaturDentonDurham

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

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