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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Wake Forest University Foundation

Wake Forest University Foundation

Fiscal year ending 2023. Filed on May 13, 2024.

1834 Wake Forest Road Box 7201
Winstonsalem, North Carolina 27109

Wake Forest University Foundation (EIN: 56-2038193) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Wake Forest University Foundation, a 501(c)(3) charitable organization, reported compensation for 4 employees. Among the employees shown here, the average compensation is $935,751. The highest compensated employee at Wake Forest University Foundation is Susan R Wente, Ph.D. with fiscal year 2023 compensation of $1,712,240.

Revenue, expenses, and employee compensation

Revenue

$165,184

Expenses

$259,187

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Susan R Wente, Ph.D.
President
$1,712,240
$0 $1,398,169 $314,071
B Hofler Milam
Vice President and Treasurer
$996,092
$0 $734,338 $261,754
J Reid Morgan
Secretary
$789,953
$0 $647,740 $142,213
Anita M Conrad
Assistant Secretary
$244,717
$0 $201,322 $43,395

Benchmark Employee Compensation

Non-Employee Board Members

Aubrey L Martin
Trustee
Cantey M Ergen
Trustee
Diana Adams
Trustee
Frank B Holding
Trustee
James M O'Connell
Trustee
John M McAvoy
Trustee
Marybeth Torbet Hays
Trustee
Michael C Smith
Trustee
Mit B Shah
Chair
Ogden Phipps II
Trustee
Peter C Brockway
Trustee
Robert J McCreary
Vice Chair

Mission Statement

The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"). Its objectives include: (1) serving as a holding and management company for long-term properties and endowments; (2) managing planned-giving properties and programs; (3) assisting in WFU development; (4) obtaining, acquiring, receiving, constructing, erecting or otherwise providing real and personal property; improving properties to which the organization holds title; and holding, retaining, leasing, licensing, renting, managing, investing, reinvesting, selling, or otherwise disposing of or assigning the income from and/or rights in or to real and personal property; and (5) establishing subsidiary organizations or entities.

Revisions to this organization profile

May 15, 2025:
2024 Wake Forest University Foundation 990 filed
May 13, 2024:
2023 Wake Forest University Foundation 990 filed
May 15, 2023:
2022 Wake Forest University Foundation 990 filed

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