WAKE FOREST UNIVERSITY

WINSTONSALEM, NC, 27109 (336) 758-5233 Est. 1834 EIN 56-0532138
B430 - Education 990 - Public charity return 501(c)(3)
www.wfu.edu

Mission

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.

Giving Portfolio

Total Grants
308
Total Giving
$34.8M
Recipients
305
Years Active
2017 - 2024
Avg grant: $102,052 Median: $40,013

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
2024117$17.2M $147K9126
202250$4.3M $87K1733
202149$4.8M $98K3216
202021$3.2M $154K317
201928$2.3M $84K819
201833$2.0M $61K276
201710$836K $84K100

Sectors Funded

Education
96
Community Improvement
15
Human Services
13
Health Care
12
Arts, Culture & Humanities
12
Religion-Related
10
Philanthropy & Grantmaking
8
Public & Societal Benefit
7
and 10 more sectors

Top States

North Carolina
109
Tennessee
17
Texas
14
Pennsylvania
14
Georgia
13
Massachusetts
13
Virginia
13
California
12
and 31 more states

Grantee Size Profile

Over $50M
90
$1M - $5M
31
$10M - $50M
25
$500K - $1M
22
$100K - $500K
18
$5M - $10M
18
Under $100K
5

Top Grantees

Page 1 of 3
NC - 7 grants
$4.9M
$548K
Montclair State University
NJ
$508K
Virginia Tech
VA - 2 grants
$507K

Grants Awarded · 251 grants

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Financials

Total Revenue
$843,176,173
Total Expenses
$786,273,688
Net Assets
$2,133,311,642
6,118 employees 2,200 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
2.7 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 10.3%
Expenses ↑ 11.4%
Revenue Sources
Contributions 18.8% Earned revenue 68.7% Investment 9.3% Other 3.0%
Expense Breakdown
Program 85.3% Management 11.2% Fundraising 3.5%

Officers & Trustees (66)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$843,176,173 ↑$786,273,688$2,133,311,642
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$686,860,190 ↓$654,792,741$1,852,639,493
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$715,438,504 ↑$627,965,784$1,789,930,683
2020 990 - Public charity return
Jul 1, 2020 to Jun 30, 2021
$681,736,258 ↑$585,188,441$1,760,045,157
2019 990 - Public charity return
Jul 1, 2019 to Jun 30, 2020
$583,443,727 ↓$577,597,318$1,442,169,267
2018 990 - Public charity return
Jul 1, 2018 to Jun 30, 2019
$636,454,264 ↑$553,710,404$1,438,216,509
2017 990 - Public charity return
Jul 1, 2017 to Jun 30, 2018
$583,361,532 $514,451,794$1,362,334,420

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EIN: 56-0532138 · Source: IRS Form 990 e-file data