WAKE FOREST UNIVERSITY: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: WAKE FOREST UNIVERSITY (EIN 56-0532138)
Tax period: 2019-07-01 to 2020-06-30
Filed: 2021-05-16
IRS object ID: 202131379349300153
Schema version: 2019v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-05-16T19:03:02-07:00	ReturnTs
Tax Period End	2020-06-30	TaxPeriodEndDt
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	560532138	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WAKE FOREST UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	WAKE	BusinessNameControlTxt
Phone	3367585233	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1834 WAKE FOREST RD BOX 7201	AddressLine1Txt
City	WINSTONSALEM	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27109	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	B Hofler Milam	PersonNm
Person Title	EVP/CFO/Treasurer	PersonTitleTxt
Signature	2021-05-16	SignatureDt

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	Nathan O Hatch PhD	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1834 WAKE FOREST RD BOX 7201	AddressLine1Txt
City	WINSTONSALEM	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27109	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,189,212,769	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.wfu.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1834	FormationYr
Legal Domicile State	NC	LegalDomicileStateCd
Activity Or Mission	Wake Forest University is an institution of higher education dedicated to the pursuit of excellence in the liberal arts and in graduate and professional education. It operates Wake Forest College, a graduate school of arts and sciences, and four professional schools.	ActivityOrMissionDesc
Voting Members Governing Body	46	VotingMembersGoverningBodyCnt
Voting Members Independent	41	VotingMembersIndependentCnt
Total Employee	6137	TotalEmployeeCnt
Total Volunteers	2200	TotalVolunteersCnt
Total Gross UBI	$4,794,255	TotalGrossUBIAmt
PY Contributions Grants	$112,274,063	PYContributionsGrantsAmt
CY Contributions Grants	$86,034,682	CYContributionsGrantsAmt
PY Program Service Revenue	$450,831,571	PYProgramServiceRevenueAmt
CY Program Service Revenue	$463,431,893	CYProgramServiceRevenueAmt
PY Investment Income	$50,702,988	PYInvestmentIncomeAmt
CY Investment Income	$19,653,042	CYInvestmentIncomeAmt
PY Other Revenue	$22,645,642	PYOtherRevenueAmt
CY Other Revenue	$14,324,110	CYOtherRevenueAmt
PY Total Revenue	$636,454,264	PYTotalRevenueAmt
CY Total Revenue	$583,443,727	CYTotalRevenueAmt
PY Grants And Similar Paid	$120,086,159	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$124,978,047	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$263,363,813	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$278,237,874	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$23,549,528	CYTotalFundraisingExpenseAmt
PY Other Expenses	$170,260,432	PYOtherExpensesAmt
CY Other Expenses	$174,381,397	CYOtherExpensesAmt
PY Total Expenses	$553,710,404	PYTotalExpensesAmt
CY Total Expenses	$577,597,318	CYTotalExpensesAmt
PY Revenues Less Expenses	$82,743,860	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$5,846,409	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,089,648,634	TotalAssetsBOYAmt
Total Assets EOY	$2,139,822,388	TotalAssetsEOYAmt
Total Liabilities BOY	$651,432,125	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$697,653,121	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,438,216,509	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,442,169,267	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
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 six constituent parts: Wake Forest College; the Graduate School of Arts and Sciences; the School of Law; the School of Medicine; the School of Business; and the School of Divinity. 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.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$255,073,205	ExpenseAmt
Grant	$106,356,020	GrantAmt
Revenue	$368,471,339	RevenueAmt
Desc	Instruction of approximately 7,706 students in graduate and undergraduate programs. In addition to the U.S. campus, Wake Forest maintains five student learning centers in Europe, and has numerous study abroad programs available. WFU provides opportunities for foreign students to enter degree programs at the U.S. Campus. The Center for Global Programs and Studies manages the student exchange and study abroad programs, with 513 visiting students from 48 different countries. 81% of our U.S. students travel abroad for at least one program. Scholarships are awarded to eligible students based on financial need and academic merit. 59% of the graduate and undergraduate student population received financial aid awards. Approximately 4,779 students received scholarships or grants from the institution during the year.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$107,881,511	ExpenseAmt
Grant	$14,441,901	GrantAmt
Revenue	$87,269,495	RevenueAmt
Desc	Wake Forest maintains campus bookstores, housing and dining facilities, mail services and other program services, including Athletics. Athletic scholarships provided funding for athletes during the fiscal year. The Wake Forest conference center serves both University and external constituencies. WFDD-FM Radio, the University's Public Broadcasting Station, provides a venue for teaching and learning as well as communication. The station serves the 32-county Winston-Salem, Greensboro, High Point market bringing music and culture, news and information to the public at large.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$74,534,425	ExpenseAmt
Revenue	$5,465,424	RevenueAmt
Desc	Wake Forest University maintains a campus with academic buildings, research laboratories, space for fraternities and sororities, and recreational facilities. The grounds add to the student experience. The organization also has other auxiliary enterprises designed to enhance and improve the University and the surrounding community.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$52,429,025	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$4,180,126	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$2,782,913	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$489,918,166	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	Yes (true)	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	Yes (true)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (true)	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (true)	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	11145	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	6137	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	Yes (true)	ForeignFinancialAccountInd
Foreign Country	OC	ForeignCountryCd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	Yes (true)	Form8282PropertyDisposedOfInd
Form8282 Filed	1	Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	Yes (true)	Form1098CFiledInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	Yes (true)	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	46	GoverningBodyVotingMembersCnt
Independent Voting Member	41	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	Yes (true)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (true)	WrittenPolicyOrProcedureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	Marnie S Matthews	PersonNm
Phone	3367585233	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 7201	AddressLine1Txt
City	WinstonSalem	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27109	ZIPCd

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	Yes (X)	InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (63 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
David P Clawson
Football Coach	40.00	0.00	$3,553,085	$0	$57,986
Daniel R Manning
Mens BktBall Co	40.00	0.00	$2,539,220	$0	$40,992
Julie A Freischlag MD
EVP Health Aff.	2.00	21.20	$0	$2,060,166	$450,471	Yes (X)
Nathan O Hatch PhD
Pres. & Trustee	29.00	11.00	$1,665,827	$0	$352,861	Yes (X)	Yes (X)
B Hofler Milam
EVP, CFO, Treas	37.50	2.50	$699,913	$0	$274,844	Yes (X)
Ronald D Wellman
Director of Athletics to 04/19	40.00	0.00	$822,792	$0	$38,478
J Reid Morgan
S.VP, Sec, G.C.	19.70	20.30	$655,028	$0	$166,975	Yes (X)
Rogan Kersh PhD
Provost	40.00	0.00	$639,402	$0	$162,562	Yes (X)
John D McConnell MD
Former EVP Health Affairs	0.00	40.00	$0	$720,128	$43,339
Mark A Petersen
VP - Advancement	40.00	0.00	$587,592	$0	$146,443
John A Currie
Director of Athletics on 05/19	40.00	0.00	$651,920	$0	$36,014
Warren D Ruggiero
Asst F'ball Coach	40.00	0.00	$545,972	$0	$36,188
Charles L Iacovou PhD
Dean, Business School	40.00	0.00	$504,744	$0	$49,442
Jane Aiken
Dean, Law School	40.00	0.00	$523,657	$0	$24,201
Thomas Walter
Baseball Coach	40.00	0.00	$479,870	$0	$46,130
Michele Gillespie PhD
Dean, Wake Forest College	40.00	0.00	$370,395	$0	$64,209
Lawrence D Hopkins MD
Trustee	3.00	37.00	$0	$310,233	$41,058		Yes (X)
Anita M Conrad
Asst Secretary	21.00	19.00	$195,239	$0	$39,637	Yes (X)
Gerald F Roach
Board Chair	15.00	2.00	$0	$0	$0		Yes (X)
Herman E Eure
Board ViceChair	6.00	2.00	$0	$0	$0		Yes (X)
Matthew A King
Board ViceChair	6.00	2.00	$0	$0	$0		Yes (X)
Diana Adams
Trustee	3.00	0.60	$0	$0	$0		Yes (X)
Kyle R Adams
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
John I Bitove
Committee Chair	4.00	0.00	$0	$0	$0		Yes (X)
Shelmer D Blackburn Jr
Committee Chair	5.00	0.00	$0	$0	$0		Yes (X)
Jeanne Whitman Bobbitt
Committee Chair	4.00	0.00	$0	$0	$0		Yes (X)
Donna A Boswell
Comm Vice Chair	5.00	6.00	$0	$0	$0		Yes (X)
Peter C Brockway
Committee Chair	4.00	0.00	$0	$0	$0		Yes (X)
Thomas W Bunn
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
Jocelyn Burton
Trustee	5.00	0.00	$0	$0	$0		Yes (X)
Peter M Carlson
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
Lindsay N Chambers
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
Matthew S Crawford
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
Jermyn M Davis
Trustee	5.00	0.00	$0	$0	$0		Yes (X)
James E Dixon
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
Donna F Edwards
Comm Vice Chair	5.00	2.00	$0	$0	$0		Yes (X)
Cantey M Ergen
Comm Vice Chair	4.00	0.00	$0	$0	$0		Yes (X)
Eric W Eubank II
Committee Chair	5.00	2.00	$0	$0	$0		Yes (X)
Lisbeth Clark Evans
Trustee	6.00	0.60	$0	$0	$0		Yes (X)
Curtis C Farmer
Committee Chair	5.00	2.60	$0	$0	$0		Yes (X)
Helen Hough Feinberg
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
Richard Alan Fox
Comm Vice Chair	4.00	0.00	$0	$0	$0		Yes (X)
Frank B Holding Jr
Committee Chair	5.00	1.00	$0	$0	$0		Yes (X)
Alice Kirby Horton
Trustee	4.00	0.00	$0	$0	$0		Yes (X)
Deborah D Lambert
Committee Chair	4.00	0.00	$0	$0	$0		Yes (X)
John R Lowden
Trustee	3.00	0.60	$0	$0	$0		Yes (X)
Michael Mahoney to 92319
Trustee	3.00	2.00	$0	$0	$0		Yes (X)
James J Marino
Committee Chair	5.00	7.00	$0	$0	$0		Yes (X)
Jane McGraw
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
James M O'Connell
Trustee	3.00	0.60	$0	$0	$0		Yes (X)
Gary S Pinkus
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
Alice Proietti
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
Prince R Rivers
Trustee	3.00	0.00	$0	$0	$0		Yes (X)
Jorge Rodriguez
Trustee	5.00	0.60	$0	$0	$0		Yes (X)
Harold O Rosser
Comm Vice Chair	4.00	0.70	$0	$0	$0		Yes (X)
Michael J Selverian
Comm Vice Chair	5.00	1.00	$0	$0	$0		Yes (X)
Janice K Story
Trustee	3.00	2.00	$0	$0	$0		Yes (X)
Ben C Sutton Jr
Committee Chair	6.00	1.00	$0	$0	$0		Yes (X)
Lloyd P Tate Jr
Comm Vice Chair	5.00	0.00	$0	$0	$0		Yes (X)
Shannan Spence Townsend
Comm Vice Chair	5.00	0.60	$0	$0	$0		Yes (X)
John M Vann
Committee Chair	5.00	8.00	$0	$0	$0		Yes (X)
Eric C Wiseman
Trustee	6.00	2.60	$0	$0	$0		Yes (X)
Katherine B Wright
Trustee	5.00	0.00	$0	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$14,434,656	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$3,090,527	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,071,830	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	534	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
Frank L Blum Construction Company
830 25th St NE	WinstonSalem	NC	27105	Construction	$8,587,489
Aramark Campus Services
1101 Market St 12th Fl	Philadelphia	PA	19107	Food Service	$25,044,702
IL Long Construction Co Inc
4117 Indiana Avenue	Winston Salem	NC	27105	Construction	$20,475,767
NCS Pearson Inc
13036 Collections Center Drive	Chicago	IL	60693	Testing/Counseling	$4,807,760
Budd Group
Po Box 651085	Charlotte	NC	28265	Janitorial/Landscaping	$4,409,205

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	167	CntrctRcvdGreaterThan100KCnt
Fundraising	$74,273	FundraisingAmt
Related Organizations	$1,006,081	RelatedOrganizationsAmt
Government Grants	$8,704,997	GovernmentGrantsAmt
All Other Contributions	$76,249,331	AllOtherContributionsAmt
Noncash Contributions	$14,505,500	NoncashContributionsAmt
Total Contributions	$86,034,682	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Athletic Programs	711210	$42,800,721	$42,800,721
Organized Activities	515100	$5,465,424	$5,465,424
Student Health Services	621400	$3,182,526	$3,182,526
Student Housing & Dining	721310	$36,358,566	$36,358,566
Tuition and Fees	611310	$368,471,339	$368,471,339

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,153,317	TotalRevenueColumnAmt
Related Or Exempt Func Income	$6,916,660	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$236,657	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$463,431,893	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$15,126,869	TotalRevenueColumnAmt
Unrelated Business Revenue	$588,101	UnrelatedBusinessRevenueAmt
Exclusion	$14,538,768	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,121,663	TotalRevenueColumnAmt
Exclusion	$3,121,663	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$10,425,804	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$6,749,930	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$3,675,874	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,675,874	TotalRevenueColumnAmt
Unrelated Business Revenue	$753,014	UnrelatedBusinessRevenueAmt
Exclusion	$2,922,860	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$602,836,234	SecuritiesAmt
Other	$20,159	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$597,592,790	SecuritiesAmt
Other	$737,430	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$5,243,444	SecuritiesAmt
Other	-$717,271	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,526,173	TotalRevenueColumnAmt
Exclusion	$4,526,173	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$41,642	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$74,273	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$37,581	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,061	TotalRevenueColumnAmt
Exclusion	$4,061	ExclusionAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$5,196,369	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$651,311	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,545,058	TotalRevenueColumnAmt
Unrelated Business Revenue	$3,034,805	UnrelatedBusinessRevenueAmt
Exclusion	$1,510,253	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Contract Revenue	900099	$410,264	$410,264
Executive Education Instr	611430	$793,935		$793,935
Sponsorship Payments	811000	$1,476,350	$1,476,350

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$296,905	TotalRevenueColumnAmt
Unrelated Business Revenue	$181,678	UnrelatedBusinessRevenueAmt
Exclusion	$115,227	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$2,977,454	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$583,443,727	TotalRevenueColumnAmt
Related Or Exempt Func Income	$463,989,171	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$4,794,255	UnrelatedBusinessRevenueAmt
Exclusion	$28,625,619	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$3,038,583	TotalAmt
Program Services	$3,038,583	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$120,797,921	TotalAmt
Program Services	$120,797,921	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$1,141,543	TotalAmt
Program Services	$1,141,543	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$7,398,476	TotalAmt
Program Services	$2,959,390	ProgramServicesAmt
Management And General	$3,699,238	ManagementAndGeneralAmt
Fundraising	$739,848	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$213,619,057	TotalAmt
Program Services	$181,394,310	ProgramServicesAmt
Management And General	$20,380,044	ManagementAndGeneralAmt
Fundraising	$11,844,703	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$16,568,861	TotalAmt
Program Services	$12,753,469	ProgramServicesAmt
Management And General	$2,714,806	ManagementAndGeneralAmt
Fundraising	$1,100,586	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$26,687,638	TotalAmt
Program Services	$17,547,422	ProgramServicesAmt
Management And General	$5,453,277	ManagementAndGeneralAmt
Fundraising	$3,686,939	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$13,963,842	TotalAmt
Program Services	$10,728,654	ProgramServicesAmt
Management And General	$2,246,870	ManagementAndGeneralAmt
Fundraising	$988,318	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$6,563,755	TotalAmt
Program Services	$558,452	ProgramServicesAmt
Management And General	$6,005,303	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$271,400	TotalAmt
Management And General	$271,400	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$7,595,583	TotalAmt
Program Services	$4,937,129	ProgramServicesAmt
Management And General	$2,658,454	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$24,818,361	TotalAmt
Program Services	$21,214,682	ProgramServicesAmt
Management And General	$2,246,132	ManagementAndGeneralAmt
Fundraising	$1,357,547	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$4,184,381	TotalAmt
Program Services	$3,177,242	ProgramServicesAmt
Management And General	$75,803	ManagementAndGeneralAmt
Fundraising	$931,336	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$10,864,381	TotalAmt
Program Services	$8,075,467	ProgramServicesAmt
Management And General	$1,453,489	ManagementAndGeneralAmt
Fundraising	$1,335,425	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,112,199	TotalAmt
Program Services	$1,001,092	ProgramServicesAmt
Management And General	$98,802	ManagementAndGeneralAmt
Fundraising	$12,305	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$8,174,842	TotalAmt
Program Services	$4,509,180	ProgramServicesAmt
Management And General	$3,563,324	ManagementAndGeneralAmt
Fundraising	$102,338	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$8,949,546	TotalAmt
Program Services	$7,409,671	ProgramServicesAmt
Management And General	$991,438	ManagementAndGeneralAmt
Fundraising	$548,437	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$2,075,623	TotalAmt
Program Services	$1,884,645	ProgramServicesAmt
Management And General	$44,443	ManagementAndGeneralAmt
Fundraising	$146,535	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$15,778,604	TotalAmt
Program Services	$15,099,586	ProgramServicesAmt
Management And General	$679,018	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$49,334,624	TotalAmt
Program Services	$44,831,323	ProgramServicesAmt
Management And General	$4,503,301	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$1,775,354	TotalAmt
Program Services	$645,500	ProgramServicesAmt
Management And General	$1,129,666	ManagementAndGeneralAmt
Fundraising	$188	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Repairs and Maintenance	$11,236,964	$7,769,324	$2,997,963	$469,677
Library, Books & Publications	$6,941,083	$6,874,127	$30,962	$35,994
Non Capital Equip & Furnishing	$6,586,596	$4,281,227	$2,243,956	$61,413
Dues. Licenses, Subscriptions	$2,795,130	$2,093,141	$593,318	$108,671

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,322,971	TotalAmt
Program Services	$5,195,086	ProgramServicesAmt
Management And General	$48,617	ManagementAndGeneralAmt
Fundraising	$79,268	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$577,597,318	TotalAmt
Program Services	$489,918,166	ProgramServicesAmt
Management And General	$64,129,624	ManagementAndGeneralAmt
Fundraising	$23,549,528	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$39,566,992	BOYAmt
EOY	$53,553,830	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$115,618,939	BOYAmt
EOY	$120,904,564	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$6,763,441	BOYAmt
EOY	$22,317,614	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$22,882,981	BOYAmt
EOY	$19,106,958	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$675,595	BOYAmt
EOY	$736,642	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$6,157,016	BOYAmt
EOY	$4,872,645	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,233,512,400	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$532,468,508	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$695,699,140	BOYAmt
EOY	$701,043,892	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$290,962,334	BOYAmt
EOY	$237,999,279	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$888,897,850	BOYAmt
EOY	$935,474,894	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$22,424,346	BOYAmt
EOY	$43,812,070	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,089,648,634	BOYAmt
EOY	$2,139,822,388	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$40,257,740	BOYAmt
EOY	$35,898,493	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$8,137,885	BOYAmt
EOY	$4,533,130	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$33,221,603	BOYAmt
EOY	$24,026,032	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$261,706,572	BOYAmt
EOY	$254,480,295	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$1,222,017	BOYAmt
EOY	$1,482,075	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$73,544,558	BOYAmt
EOY	$113,237,920	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$125,000,000	BOYAmt
EOY	$125,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$108,341,750	BOYAmt
EOY	$138,995,176	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$651,432,125	BOYAmt
EOY	$697,653,121	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$651,759,614	BOYAmt
EOY	$645,487,121	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$786,456,895	BOYAmt
EOY	$796,682,146	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,438,216,509	BOYAmt
EOY	$1,442,169,267	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,089,648,634	BOYAmt
EOY	$2,139,822,388	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$5,846,409	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$1,893,651	NetUnrlzdGainsLossesInvstAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$72,144,441	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$157,306,803	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$85,906,758	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$112,285,982	CurrentTaxYearMinus1YearAmt
Current Tax Year	$86,034,682	CurrentTaxYearAmt
Total	$513,678,666	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$72,144,441	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$157,306,803	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$85,906,758	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$112,285,982	CurrentTaxYearMinus1YearAmt
Current Tax Year	$86,034,682	CurrentTaxYearAmt
Total	$513,678,666	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$57,445,117	SubstantialContributorsTotAmt
Public Support Total170	$456,233,549	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$19,388,703	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$62,678,782	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$18,740,986	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$22,560,259	CurrentTaxYearMinus1YearAmt
Current Tax Year	$28,674,336	CurrentTaxYearAmt
Total	$152,043,066	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,974,386	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,189,568	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year	$163,106	CurrentTaxYearMinus1YearAmt
Total	$4,327,060	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$37,437	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$736,179	CurrentTaxYearMinus1YearAmt
Current Tax Year	$793,935	CurrentTaxYearAmt
Total	$1,567,551	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$671,616,343	TotalSupportAmt
Gross Receipts Rltd Activities	$1,235,926,860	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.67930	PublicSupportCY170Pct
Public Support PY170	0.68230	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part I: Additional Information	The filing organization is classified as a school under Internal Revenue Code ("IRC") Section 170(b)(1)(A)(ii). However, it also meets the 33 1/3% Support Test of IRC Section 170(b)(1)(A)(vi) for purposes of limiting the charitable gift disclosures to 2%, using the Special Rule on Schedule B. Schedule A, Part II is completed in order to utilize the Schedule B Special 2% Rule.
Support Schedule: Other Income Explanation	Miscellaneous Income $793,935

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Form4720 Filed Section4955 Tax	false	Form4720FiledSection4955TaxInd
Correction Made	false	CorrectionMadeInd
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (true)	DirectContactLegislatorsInd
Direct Contact Legislators	$77,862	DirectContactLegislatorsAmt
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	false	OtherActivitiesInd
Total Lobbying Expenditures	$77,862	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind
Form4720 Filed4912 Tax	false	Form4720Filed4912TaxInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part II-B, Line 1i - Other Activities Description	FormAndLineReferenceDesc
Explanation	The filing organization's employees will sometimes make direct contact with legislators, their staffs, government officials, or a legislative body. Such employees were actively involved with several federal and state issues during the year, including COVID-19 relief bills, unrelated business income, and other provisions in the Tax Cuts and Jobs Act.Activities included participation in numerous conference calls, web-ex meetings and one-on-one calls with Congressional members and staffers at the federal and state level to facilitate funding for the challenges faced due to the COVID-19 pandemic in higher education. The four COVID-19 pandemic relief bills provided funding for medical supplies, vaccine development, diagnostic testing, and more.At the state level, activities focused on work on various bills and budget language which were introduced. In May 2020, North Carolina Governor Cooper signed HB 1034 which appropriated $1.6 billion from the Federal government to combat the COVID-19 pandemic.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	false	SolicitedAssetsSaleInd
Agent Trustee Etc	Yes (true)	AgentTrusteeEtcInd
Beginning Balance	$3,055,802	BeginningBalanceAmt
Distributions During Year	$655,780	DistributionsDuringYearAmt
Ending Balance	$2,400,022	EndingBalanceAmt
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$837,211,471	BeginningYearBalanceAmt
Contributions	$21,436,980	ContributionsAmt
Investment Earnings Or Losses	$2,431,225	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$19,509,779	GrantsOrScholarshipsAmt
Other Expenditures	$16,254,628	OtherExpendituresAmt
Administrative Expenses	$6,191,855	AdministrativeExpensesAmt
End Year Balance	$819,123,414	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$792,516,828	BeginningYearBalanceAmt
Contributions	$38,438,253	ContributionsAmt
Investment Earnings Or Losses	$48,975,003	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$19,930,228	GrantsOrScholarshipsAmt
Other Expenditures	$17,214,089	OtherExpendituresAmt
Administrative Expenses	$5,574,296	AdministrativeExpensesAmt
End Year Balance	$837,211,471	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$689,116,543	BeginningYearBalanceAmt
Contributions	$98,721,815	ContributionsAmt
Investment Earnings Or Losses	$42,556,841	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$16,890,539	GrantsOrScholarshipsAmt
Other Expenditures	$15,874,132	OtherExpendituresAmt
Administrative Expenses	$5,113,700	AdministrativeExpensesAmt
End Year Balance	$792,516,828	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$656,509,662	BeginningYearBalanceAmt
Contributions	$19,189,767	ContributionsAmt
Investment Earnings Or Losses	$52,856,427	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$16,960,403	GrantsOrScholarshipsAmt
Other Expenditures	$17,199,348	OtherExpendituresAmt
Administrative Expenses	$5,279,562	AdministrativeExpensesAmt
End Year Balance	$689,116,543	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$681,921,800	BeginningYearBalanceAmt
Contributions	$13,348,075	ContributionsAmt
Investment Earnings Or Losses	$1,264,626	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$17,115,679	GrantsOrScholarshipsAmt
Other Expenditures	$17,696,558	OtherExpendituresAmt
Administrative Expenses	$5,212,602	AdministrativeExpensesAmt
End Year Balance	$656,509,662	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.24160	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.52330	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.23500	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	Yes (true)	EndowmentsHeldRelatedOrgInd
Related Org List Sch R	Yes (true)	RelatedOrgListSchRInd

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$555,162	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$19,117,844	OtherCostOrOtherBasisAmt
Book Value	$19,673,006	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$55,471,182	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$555,240,945	OtherCostOrOtherBasisAmt
Depreciation	$228,693,290	DepreciationAmt
Book Value	$382,018,837	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$333,115,217	OtherCostOrOtherBasisAmt
Depreciation	$164,315,813	DepreciationAmt
Book Value	$168,799,404	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$197,826,443	OtherCostOrOtherBasisAmt
Depreciation	$132,766,578	DepreciationAmt
Book Value	$65,059,865	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$72,185,607	OtherCostOrOtherBasisAmt
Depreciation	$6,692,827	DepreciationAmt
Book Value	$65,492,780	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$701,043,892	TotalBookValueLandBuildingsAmt
Total Book Value Securities	$935,474,894	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
Annuities Payable	$16,460,098
Bond Premium	$25,971,338
Operating Lease Obligations	$29,939,331
Other Liabilities and Deferrals	$52,999,991
Postretirement Benefits	$13,624,418

Field	Value	IRS element (for citing)
Total Liability	$138,995,176	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$461,412,427	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$1,893,651	NetUnrealizedGainsInvstAmt
Other Revenue	-$119,980,888	OtherRevenueAmt
Revenue Not Reported	-$121,874,539	RevenueNotReportedAmt
Revenue Subtotal	$583,286,966	RevenueSubtotalAmt
Other Revenues Not Included	$156,761	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$156,761	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$583,443,727	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$457,459,669	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	-$156,761	OtherExpensesIncludedAmt
Expenses Not Reported	-$156,761	ExpensesNotReportedAmt
Expenses Subtotal	$457,616,430	ExpensesSubtotalAmt
Other Expenses Not Included	$119,980,888	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$119,980,888	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$577,597,318	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o	The Consolidated Financial Statements do not contain a footnote regarding the University's art or museum collections. The collections are valued at approximately $18 million.
Part III, Line 4: Description of organization's collections and how it furthers its purpose.	The organization has collections of art, rare books, and artifacts within its facilities. These collections enhance the education of its students and provide research materials for its faculty. Artwork is displayed in many buildings on the organization's campus, accessible to students, employees, and visitors.
Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib	Certain endowment assets are held and managed for the filing organization and related organizations. The value of these assets allocated to related organizations is reported here and not shown on the filing organization's balance sheet.
Part IV, Line 2b: Explanation of escrow account liability	Agency accounts are held to provide supervision and banking ability for small student clubs and organizations that are formed by the current student body and may or may not last past the graduation of the members. The University fosters the students' desire to form associations that can function as a social unit on campus.
Part V, Line 4: Intended uses of the endowment fund.	Approximately 54.56% of the expendable endowment funds provided scholarships for Wake Forest University students during the fiscal year. 19.96% was distributed for department chair and faculty positions, including funds for research professorships. 25.48% supported educational programs generally, the libraries, general university operations, and other specific university needs, including infrastructure and capital funding. Due to the fluctuations of university and student needs, these percentages may change from year to year.
Part X : FIN48 Footnote	The University is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is generally exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. If applicable, unrelated business income is reported by all member and subsidiary organizations on IRS Form 990-T. Fiscal years ending on or after June 30, 2017 remain subject to examination by federal and state tax authorities. The University has evaluated uncertain tax positions for the years ended June 30, 2020 and 2019, including a quantification of tax risks in areas such as unrelated business income and taxation of its for-profit subsidiaries. This evaluation did not identify any material items that affect the consolidated financial statements for the year ended June 30, 2020.
Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S	Rent Expense Reclass $-6749930 COGS Reclass $-651311 Fundraising Expense Reclass $-37581 Investment Management Fees Reclass $7595583
Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S	Scholarship Reclass $XXX-XX-XXXX

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized	Wake Forest University is committed to diversity, inclusion, and the spirit of Pro Humanitate. In adherence with applicable laws and as provided by University policies, the University prohibits discrimination in its employment practices and its educational programs and activities on the basis of race, color, religion, national origin, sex, age, sexual orientation, gender identity and expression, genetic information, disability, and veteran status. Additionally, the University promotes the full realization of equal employment opportunity for women, minorities, persons with disabilities, and veterans through its affirmative action program. The University publishes its nondiscrimination policy on its web site and in the undergraduate bulletin, which is distributed to all students annually. Nondiscrimination language appears in employment advertising and in ads for the University's educational programs and is available at www.wfu.edu
Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
Schedule E, Line 5 - Explanation of Organization Discrimination by Race
Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency	Wake Forest University participates in government loan and scholarship programs on behalf of its students. Funds are awarded to eligible students as part of the University's educational purpose. Funds are awarded to eligible students on a nondiscriminatory basis. In addition, government agencies award grants to the University for research.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (46 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Ctr America & Caribbean	0	0	Program Service	Study Abroad	$38,388
Europe & North Atlantic	0	0	Program Service	Services	$3,000
Europe & North Atlantic	0	0	Program Service	Research	$153,000
East Asia & Pacific	0	0	Program Service	Research	$25,058
East Asia & Pacific	1	2	Program Service	Study Abroad	$41,474
Europe & North Atlantic	6	58	Program Service	Study Abroad	$4,341,947
Europe & North Atlantic	0	0	Program Service	Conferences	$176,815
Ctr America & Caribbean	0	0	Program Service	Research	$10,394
Europe & North Atlantic	0	0	Program Service	Fundraising	$24,780
Middle East & North Africa	0	0	Program Service	Research	$11,116
Sub-Saharan Africa	1	9	Program Service	Research	$117,549
North America	0	0	Program Service	Conferences	$35,468
North America	0	0	Program Service	Research	$1,103
South America	1	3	Program Service	Study Abroad	$208,683
Europe & North Atlantic	0	0	Program Service	Depr'n on foreign assets	$317,506
South America	2	51	Program Service	Research	$831,714
South America	0	0	Program Service	Conferences	$7,047
Central America & Caribbean	0	0	Program Service	Recruiting	$1,563
Europe & North Atlantic	0	0	Prog-Related Assets Book Value		$2,697,966
South Asia	0	0	Program Services	Study Abroad	$33,442
Sub-Saharan Africa	0	0	Prog-Related Assets Book Value		$39,613
South America	0	0	Program Services	Depr'n on foreign assets	$7,179
Europe & North Atlantic	0	0	Program Services	Recruiting	$41,011
Ctr America & Caribbean	0	0	Program Services	Serv/Educ Trips	$12,796
Europe & North Atlantic	0	0	Program Services	Serv/Educ Trips	$713
East Asia & Pacific	0	0	Program Service	Conference	$48,739
East Asia & Pacific	0	0	Program Service	Recruiting	$5,385
Middle East & North Africa	0	0	Program Service	Conferences	$443
Ctr America & Caribbean	0	0	Program Service	Conferences	$7,209
North America	0	0	Program Services	Recruiting	$10,051
South America	0	0	Program Services	Recruiting	$11,736
South Asia	0	0	Program Services	Conferences	$12,554
South Asia	0	0	Program Services	Recruiting	$11,475
South Asia	0	0	Program Services	Research	$715
Sub-Saharan Africa	0	0	Program Services	Conferences	$7,383
Russia & the Ind States	0	0	Program Services	Conferences	$1,276
Europe & North Atlantic	0	0	Investments Book Value		$3,235
Sub-Saharan Africa	0	0	Program Service	Depr'n on foreign assets	$12,109
Sub-Saharan Africa	0	0	Program Service	Study Abroad	$9,496
South America	0	0	Prog-Related Assets Book Value		$11,366
Ctr America & Caribbean	0	0	Program Services	Fundraising	$3,990
East Asia & Pacific	0	0	Program Services	Services	$33,370
Middle East & North Africa	0	0	Program Services	Recruiting	$2,917
Sub-Saharan Africa	0	0	Program Services	Recruiting	$99
Middle East & North Africa	0	0	Program Services	Study Abroad	$2,530
North America	0	0	Program Services	Serv/Educ Trips	$614

Field	Value	IRS element (for citing)
Subtotal Offices	11	SubtotalOfficesCnt
Subtotal Employees	123	SubtotalEmployeesCnt
Total Office	11	TotalOfficeCnt
Total Employee	123	TotalEmployeeCnt
Subtotal Spent	$6,345,042	SubtotalSpentAmt
Continuation Spent	$3,030,975	ContinuationSpentAmt
Total Spent	$9,376,017	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
East Asia & Pac	Research Subcon	$4,441	Check/wire
Europe & N. Atl	Research Subcon	$95,200	Check/wire
South America	Research Subcon	$1,041,902	Check/wire

Field	Value	IRS element (for citing)
Total501c3 Org	3	Total501c3OrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (2 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
Student scholarships	Europe & N Atlantic	25	$26,628	Check/wire
Student scholarships	South America	4	$6,732	Check/wire

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	Yes (true)	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US	The organization provides funding to faculty for conferences, research and other projects and scholarships to students for study abroad, research and other projects. Faculty and staff expenses must be substantiated under the Accountable Plan to ensure proper use of funds.The Organization sometimes provides operating funds to collaborative organizations and charitable foreign organizations, generally expenditures are reimbursed upon the submission of appropriate documentation. Other activities funded in advance are subject to review for conformity with the approved budgets.
Part I, Line 3f - Method of Accounting	The Organization uses the accrual method of accounting on its financial statements and all cash grants and noncash assistance is reported on Schedule F using this method.
Part I, Line 3f - Investments and Expenditures	The Organization uses the accrual method of accounting on its financial statements, therefore all investments and expenditures shown on Schedule F are based on that method.Investments are reported at Net Book Value as of the end of the Organization's fiscal year. The valuation and location of investments comes from investment managers and investment financial statements external to the filing organization. Program related assets held in the various regions are reported at net book value according to the organization's fixed asset ledger as of the end of the fiscal year.
Part II, Line 1 - Method of Accounting	Grants and subcontracts are provided with the understanding that organizations will expend funds according to grant and subcontract agreements. Information is provided by the grantees to document that funds are expended for their intended purpose.

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Agrmt Prof Fundraising Acty	false	AgrmtProfFundraisingActyInd

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	First-Pitch Dinner	Event1Nm
Gross Receipts Event1	$62,050	GrossReceiptsEvent1Amt
Charitable Contri Event1	$35,800	CharitableContriEvent1Amt
Gross Revenue Event1	$26,250	GrossRevenueEvent1Amt
Rent Facility Costs Event1	$2,050	RentFacilityCostsEvent1Amt
Food And Beverage Event1	$19,964	FoodAndBeverageEvent1Amt
Entertainment Event1	$665	EntertainmentEvent1Amt
Other Direct Expenses Event1	$427	OtherDirectExpensesEvent1Amt
Event2	Law Banquet	Event2Nm
Gross Receipts Event2	$21,939	GrossReceiptsEvent2Amt
Charitable Contri Event2	$13,187	CharitableContriEvent2Amt
Gross Revenue Event2	$8,752	GrossRevenueEvent2Amt
Non Cash Prizes Event2	$225	NonCashPrizesEvent2Amt
Rent Facility Costs Event2	$500	RentFacilityCostsEvent2Amt
Food And Beverage Event2	$4,616	FoodAndBeverageEvent2Amt
Entertainment Event2	$641	EntertainmentEvent2Amt
Other Direct Expenses Event2	$566	OtherDirectExpensesEvent2Amt
Other Events Total	2	OtherEventsTotalCnt
Gross Receipts Other Events	$31,926	GrossReceiptsOtherEventsAmt
Charitable Contri Other Events	$25,286	CharitableContriOtherEventsAmt
Gross Revenue Other Events	$6,640	GrossRevenueOtherEventsAmt
Food And Beverage Other Events	$5,098	FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events	$2,829	OthDirectExpnssOtherEventsAmt
Gross Receipts Total	$115,915	GrossReceiptsTotalAmt
Charitable Contributions Tot	$74,273	CharitableContributionsTotAmt
Gross Revenue Total Events	$41,642	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$225	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$2,550	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$29,678	FoodAndBeverageTotalEventsAmt
Entertainment Total Events	$1,306	EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events	$3,822	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$37,581	DirectExpenseSummaryEventsAmt
Net Income Summary	$4,061	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (28 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
American Heart Association
7272 Greenville Avenue	Dallas	TX	75231	135613797	501(c)(3)	$12,000	$0	Charitable Contribution
Brigham & Womens Hospital
399 Revolution Drive No 645	Somerville	MA	02145	042312909	501(c)(3)	$55,743	$0	Research Subcontract
Calvin College
3201 Burton Street SE	Grand Rapids	MI	49546	383071514	501(c)(3)	$17,215	$0	Research Subcontract
Carnegie Mellon University
5000 Forbes Avenue	Pittsburgh	PA	25213	250969449	501(c)(3)	$16,117	$0	Research Subcontract
James Madison University
800 S Main Street	Harrisonburg	VA	22807	546001756	501(c)(3)	$10,962	$0	Research Subcontract
James Madison University
Financial Reporting MSC 5715	Harrisonburg	VA	22801	546001756	501(c)(3)	$10,962	$0	Research Subcontract
Lawrence Berkeley Natl Lab
1 Cyclotron Road	Berkeley	CA	94720	942951741	501(c)(3)	$61,784	$0	Research subcontract
Leadership Winston-Salem
624 W Sixth St Ste 110	WinstonSalem	NC	27101	581574887	501(c)(3)	$10,000	$0	Sponsorship General Support
Neighbors For Better Neighbor
502 N Broad St	WinstonSalem	NC	27101	311598244	501(c)(3)	$10,000	$0	Charitable Contribution
North Carolina State University
Office-Grants Contracts Box 7214	Raleigh	NC	27695	566000756	501(c)(3)	$17,182	$0	Research Subcontract
Old Hickory Council BSA
6600 Silas Creek Parkway	WinstonSalem	NC	27106	560529985	501(c)(3)	$12,500	$0	Charitable Contribution
Penn State
201 Old Main	University Park	PA	16802	246000376	Govt	$32,958	$0	Research Subcontract
Piedmont Triad Partnership
PO Box 2672	High Point	NC	27261	561750279	501(c)(3)	$10,000	$0	Support Local Econ Dev'mt
Reynolda House Inc
PO Box 7287	WinstonSalem	NC	27109	560810676	501(c)(3)	$669,000	$0	Operations Support
RiverRun International Film
305 W Fourth Street	WinstonSalem	NC	27101	200254183	501(c)(3)	$25,000	$0	Sponsorship - General Support
Rutgers University
65 Davidson Road	Piscataway	NJ	08854	226001086	501(c)(3)	$39,806	$0	Research Subcontract
The Citadel
171 Moultrie Street	Charleston	SC	29409	576000217	Govt	$12,400	$0	Research Subcontract
UNC Chapel Hill
104 Airport Drive CB 1270	Chapel Hill	NC	27514	566001393	501(c)(3)	$611,721	$0	Research subcontract
Univ of GA Research Fdn
456 East Broad Street	Athens	GA	30602	581353149	501(c)(3)	$21,329	$0	Research subcontract
University of Arkansas
1 University of Arkansas	Fayetteville	AR	72701	710236904	Govt	$46,562	$0	Research Subcontract
University of Tennessee
1331 Circle Park Drive	Knoxville	TN	37916	626001636	501(c)(3)	$55,990	$0	Research Subcontract
University of Texas at Dallas
800 W Campbell Road	Richardson	TX	75080	751305566	Govt	$88,132	$0	Research Subcontract
Virginia Commonwealth Univer
601 S Belvidere Street	Richmond	VA	23220	546001736	Govt	$21,762	$0	Research Subcontract
Wake Forest Univ Health Scien
Medical Center Blvd	WinstonSalem	NC	27157	223849199	501(c)(3)	$341,623	$0	Research Subcontract
Winston-Salem Alliance
100 North Main Street Suite	WinstonSalem	NC	27101	311726654	501(c)(6)	$5,150	$0	Support Local Econ Dev'mt
Winston-Salem Business Inc
1080 West Fourth Street	WinstonSalem	NC	27101	510436665	501(c)(3)	$15,000	$0	Support Local Econ Dev'mt
Winston-Salem Foundation
751 W Fourth Street	WinstonSalem	NC	27101	566037615	501(c)(3)	$101,000	$0	Support Local Econ/Edu Dev'mt
W-S Chamber of Commerce
411 W Fourth St Ste 211	WinstonSalem	NC	27101	560459820	501(c)(6)	$10,000	$0	Support Local Econ Dev'mt

Field	Value	IRS element (for citing)
Total501c3 Org	26	Total501c3OrgCnt
Total Other Org	2	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (7 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
Departmental Scholarships	702	$1,826,004
Grants for Student Travel	402	$110,993
General Tuition Scholarships	4036		$114,976,730	Univ. charges	Tuition discounts
Tuition Concessions	176		$6,157,510	Univ. charges	Direct tuition payments
ROTC Scholarships	31	$151,000
Study Abroad Scholarships	259		$2,928,970	Univ. charges	WFU Program payments
Third Party Scholarships	592		$2,676,336	Univ. charges	Direct tuition payments

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Grantmaker's Description of How Grants are Used	FormAndLineReferenceDesc
Explanation	Wake Forest University carefully selects qualified exempt organizations for its contributions and provides support for worthy projects and events in which the University has an interest.Grants provided to students are monitored either through use -for University tuition and fees- or by requiring substantiation from the students for research projects or scholastic travel grants.Research subcontracts are awarded to qualifying research institutes able to complete research projects and monitored during such projects as well as by reviewing and collating the end results of the work.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Travel For Companions	Yes (X)	TravelForCompanionsInd
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Discretionary Spending Acct	Yes (X)	DiscretionarySpendingAcctInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt
Anita M Conrad
Asst Secretary	$188,843	$6,000	$396	$19,200	$20,437	$234,876
B Hofler Milam
EVP, CFO, Treas	$639,143	$40,000	$20,770	$248,649	$26,195	$974,757
Charles L Iacovou PhD
Dean, Business School	$446,455	$30,000	$28,289	$28,000	$21,442	$554,186
Daniel R Manning
Mens BktBall Co	$2,309,338	$205,000	$24,882	$21,000	$19,992	$2,580,212
David P Clawson
Football Coach	$3,374,295	$130,000	$48,790	$21,000	$36,986	$3,611,071
J Reid Morgan
S.VP, Sec, G.C.	$524,258	$110,000	$20,770	$110,743	$56,232	$822,003
Jane Aiken
Dean, Law School	$269,061	$152,022	$102,574	$13,594	$10,607	$547,858
John A Currie
Director of Athletics on 05/19	$551,571		$100,349	$14,000	$22,014	$687,934
John D McConnell MD
Former EVP Health Affairs							$656,678	$13,462	$49,988	$21,213	$22,126	$763,467
Julie A Freischlag MD
EVP Health Aff.							$1,378,992	$663,750	$17,424	$422,951	$27,520	$2,510,637
Lawrence D Hopkins MD
Trustee							$300,669		$9,564	$20,761	$20,297	$351,291
Mark A Petersen
VP - Advancement	$500,711	$60,000	$26,881	$117,250	$29,193	$734,035
Michele Gillespie PhD
Dean, Wake Forest College	$340,184	$20,000	$10,211	$28,000	$36,209	$434,604
Nathan O Hatch PhD
Pres. & Trustee	$930,761	$370,436	$364,630	$277,477	$75,384	$2,018,688							$272,728
Rogan Kersh PhD
Provost	$580,028	$45,820	$13,554	$137,074	$25,488	$801,964
Ronald D Wellman
Director of Athletics to 04/19	$796,542		$26,250	$28,000	$10,478	$861,270
Thomas Walter
Baseball Coach	$443,476	$13,800	$22,594	$28,000	$18,130	$526,000
Warren D Ruggiero
Asst F'ball Coach	$506,195	$31,500	$8,277	$21,000	$15,188	$582,160

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part I, Line 1a: Relevant information in regards to selections on 1a.	Charter Travel: Charter travel is sometimes made available for various business and scheduling needs of the officers who are traveling. Athletics personnel sometimes use charters for team travel. Chartered flights are sometimes provided by donors to the university. As such travel is for business purposes only, it is not treated as taxable.Travel for companions: Reimbursed spousal travel is allowed per the filing organization's policy when pursuant to a bona fide business purpose. To the extent that there is a business purpose for the travel, it is not treated as taxable.Tax indemnification: Individuals may have certain payments grossed up at the discretion of the President, Board of Trustees, CFO, or as provided by their employment contract. All such payments are considered taxable.The President is provided lodging for the convenience of the University as a condition of the President's employment, and as such, pursuant to IRC Section 119, it is not deemed a taxable benefit. Certain services, such as cleaning, landscaping and maintenance, are provided as part of the operation of the President's University-owned residence. The value of cleaning attributed to personal spaces is included in the President's taxable income.Social Club dues are provided by the University when membership fulfills a university business purpose. All such dues are included in taxable compensation when applicable.The President has a discretionary spending account which is monitored against the University's Accountable Plan. Any expenses deemed personal are treated as taxable compensation.
Part I, Line 7: Non-Fixed payments not listed above	Various Officers and Key Employees have incentive compensation components contained in their employment agreements. These are often goal-based and are determined in the course of evaluation of the employee's performance by his or her supervisor or the compensation committee of the filing organization's board, as applicable. Others are awarded discretionary amounts, but within budgetary constraints. Other non-fixed payments may include sums for relocation that are typically included as a provision in an employment agreement. All such payments are reflected on the individual's W-2 when applicable.
Part III, Additional Information	The following individuals have amounts included in Schedule J, column D (nontaxable benefits) for tuition provided to family members under the Wake Forest University Tuition Concession Plan for Dependent Children, available to all employees.J. Reid Morgan: $25,065 Michele Gillespie, PhD: $20,288David P. Clawson: $10,144Mark A. Peterson: 5,171Thomas Walter: 10,144All compensation provided to Julie Ann Freischlag M.D. (Current EVP- Health Affairs) and John D. McConnell, M.D. (Former EVP- Health Affairs) was paid by a related organization, Wake Forest University Health Sciences (WFUHS), for their services as officers of that related organization (and other related and affiliated organizations comprising the academic medical center of which the filing organization's Medical School is a part) and not for any of their services as an officer of the filing organization. Wake Forest University Baptist Medical Center (WFUBMC) is the organization that has been delegated authority to operate WFUHS and the North Carolina Baptist Hospital (NCBH), an unrelated but affiliated organization, and all of the respective subsidiaries of each of WFUHS and NCBH. WFUBMCs two equal members are the filing organization (WFU) and NCBH; Dr. McConnell was the CEO of WFUBMC, WFUHS and NCBH through 4-26-17; Dr. Julie A. Freischlag succeeded Dr. McConnell in that office effective 4-27-17.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
NC Capital Facs Fin Agcy
A	561592154	65818PEC9	2004-12-21	$36,605,000	See Sch K, Part VI, Ser A	false	false	false
NC Capital Facs Fin Agcy
B	561592154	65818PKVO	2016-07-22	$190,092,829	See Sch K, Part VI,Series 2016	false	false	false
NC Capital Facs Fin Agcy
C	561592154	65818PMZ9	2018-07-26	$107,737,205	See Sch K, Part VI,Series 2018	false	false	false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Other Spent ProceedsOtherSpentProceedsAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Capitalized InterestCapitalizedInterestAmt	Refunding EscrowRefundingEscrowAmt	Capital ExpendituresCapitalExpendituresAmt	UnspentUnspentAmt
A	$36,605,000	$36,605,000	$300,161	$36,304,839	2001	Yes (true)	false	Yes (true)	Yes (true)
B	$1,250,000	$190,248,809	$1,214,783		2019	Yes (true)	Yes (true)	Yes (true)	Yes (true)	$2,170,879	$121,699,410	$65,163,737
C		$108,610,812	$842,865	$43,265,659		false	false	false	Yes (true)	$3,594,340		$50,336,096	$10,571,852

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Any Research AgreementsAnyResearchAgreementsInd	Engage Bond Counsel ResearchEngageBondCounselResearchInd	Private Bus Use By OthersPrivateBusUseByOthersPct	Private Bus Concerning UBIPrivateBusConcerningUBIPct	Total Private Business UseTotalPrivateBusinessUsePct	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
B	false	Yes (true)	Yes (true)	Yes (true)	false	Yes (true)	0.00640	0.00010	0.00650	false	false	Yes (true)
C	false	false	Yes (true)	Yes (true)	false	Yes (true)				false	false	Yes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	false	false	Yes (true)	false	false	false	false	Yes (true)
B	false	Yes (true)	false	false	false	false	false	Yes (true)
C	false	Yes (true)	false	false	false	false	false	Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (true)
B	Yes (true)
C	Yes (true)

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part VI	FormAndLineReferenceDesc
Explanation	SCHEDULE K, PART IBond A,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond A,Col(f) The Variable Rate Educational Facilities Revenue Bonds (Wake Forest University), Series 2004A, were used to refund two previous bond issues and a line of credit. Prior Bond issues refunded were dated 12/02/2000 (Exempt bonds) and 12/17/1997 (taxable bonds). The 2004A bond also refunded the line of credit, dated 11/1/2004, which had refunded the maturing principal due on 11/1/04 of the 12/17/1997 tax exempt bond issue. Exception applied, no rebate calculation was required. Bond B,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond B,Col(f) The Educational Facilities Revenue Bonds (Wake Forest University), Series 2016 were used for New Capital Facilities and to fund the refinancing escrow for the 2009 Bond. It also refunded a line of credit used to finance the initial building processes covered by the 2016 bond. Bond C,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond C,Col(f) The Educational Facilities Revenue Bonds (Wake Forest University), Series 2018 were issued for the purpose of repaying a portion of the line of credit and financing the costs of acquisition, construction, renovation, and installation of capital assets of the Reynolda Campus. SCHEDULE K, PART IIBond B, Total proceeds of issue include interest earned of $155,980.Bond C, Total proceeds of issue include interest earned of $873,607.	ExplanationTxt

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
Not required
See Part V	$41,368	Tuition Concess.	Education
Not Required
See Part V	$88,798	Scholarships	Education

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Julia Hatch
See Part V	$63,140	Compensation	false
Angela J Lynde
See Part V	$33,528	Compensation	false
Addison Sutton
See Part V	$35,476	Compensation	false
Kevin Pittard
See Part V	$85,583	Compensation	false
Monica Rivers
See Part V	$100,090	Compensation	false

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule L, Part V Supplemental Information	FormAndLineReferenceDesc
Explanation	Part IIIThe University has an employee dependent tuition remission benefit plan, which is available to all employees and their eligible dependents. Various listed persons have received, or have dependents who are currently receiving, tuition discounts under this plan.The filing organization awards scholarships for various purposes. As noted in Form 990, Part III, about 59% of our graduate and undergraduate students receive scholarships or other financial aid. Various listed persons have received or have dependents who have received merit scholarships, summer research scholarships and study abroad scholarships.Part IVJulia Hatch: Family member of the organization's president, Nathan O. Hatch, was paid wages for her employment with the filing organization.Angela J. Lynde: Family member of the organization's key employee, Ronald D. Wellman, was paid wages for her employment with the filing organization.Addison Sutton: Family member of the organization's trustee, Ben C. Sutton, Jr., was paid wages for her employment with the filing organization.Kevin Pittard: Family member of the organization's key employee, Michele Gillespie, was paid wages for his employment with the filing organization.Monica Rivers: Family member of the organization's trustee, Prince Rainey Rivers, was paid wages for her employment with the filing organization.	ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	4	ContributionCnt
Noncash Contributions Rpt F990	$45,999	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market Value	MethodOfDeterminingRevenuesTxt

Cars And Other Vehicles CarsAndOtherVehiclesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	189	ContributionCnt
Noncash Contributions Rpt F990	$127,265	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Sales Proceeds	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	474	ContributionCnt
Noncash Contributions Rpt F990	$11,969,245	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market Value	MethodOfDeterminingRevenuesTxt

Secur Prtnrshp Trust Intrsts SecurPrtnrshpTrustIntrstsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	35	ContributionCnt
Noncash Contributions Rpt F990	$1,901,132	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Annuity NPV	MethodOfDeterminingRevenuesTxt

Food Inventory FoodInventoryGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	10	ContributionCnt
Noncash Contributions Rpt F990	$1,769	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Retail	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	Piano	1	$4,995	Market Value
Yes (X)	Equipment	2	$237,000	Market Value
Yes (X)	Trees	1	$493	Retail

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (true)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part I, Line 32, Hire and Use of Third Parties	FormAndLineReferenceDesc
Explanation	Part I, Line 32b. The organization uses CARS to process and sell vehicle donations to its radio station, WFDD. CARS acts as an agent for the organization in this process, retaining a flat percentage fee and forwarding net proceeds to the University.Various banks and brokers are used to sell donated securities.Local real estate agents are used to sell real property donations.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Client Note 1	Client Note 1 - Wake Forest University2016 year ended 6/30/2017Attachment to Form 990-TSTATEMENT 6PART V, LINE 1: INTEREST IN OR AUTHORITY OVER A FOREIGN ACCOUNTNAME OF COUNTRY: United Kingdom, France, Spain, Austria, Italy, Nicaragua, China, Chile.
Form 990, Part III, Line 4d: Other Program Services Description	OTHER PROGRAM SERVICES 4: Wake Forest University maintains a campus with academic buildings, research laboratories, space for fraternities and sororities, and recreational facilities. The grounds add to the student experience. The organization also has other auxiliary enterprises designed to enhance and improve the University and the surrounding community.
Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et	Winston-Salem is a relatively small city, and some of the officers, key employees,and trustees of the filing organization (the "specified group") have routine business dealings with each other. These include the following: some trustees are members or employees of law firms that provide legal services to some of the specified group or to businesses owned or operated by members of the specified group and to the filing organization; and some members of the specified group have banking relationships with banks in which trustees are executives; members of the specified group may also have common investments. Two of the filing organizations trustees, Gerald Roach and John Vann have a business relationship as both are also directors of the same unrelated business. As noted in the response to Part VI, Question 12, however, the filing organization has a written conflict of interest policy designed to ensure that none of these transactions adversely affect the filing organization. Interested party transactions with the filing organization that meet the required thresholds, if any, are disclosed on Schedule L.
Form 990, Part VI, Line 11b: Form 990 Review Process	The organization sends a draft of the Form 990 to its governing board (Board of Trustees) prior to its filing, allowing adequate time for follow-up questions and comments. The draft form is reviewed in detail with the Audit & Compliance Committee of the organization's Board of Trustees. The organization provides a complete copy of the finalized Form 990 to the entire Board of Trustees prior to filing the Form 990 with the IRS.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	The organization requires officers and key employees to annually review the conflict of interest policy and determine and report any potential conflicts of interest. Any potential conflicts noted in the disclosure are reviewed for appropriate resolution. All members of the Board of Trustees are similarly required to determine and report annually, and as they arise, any potential conflicts of interest to the Secretary or to the Chair of the Board of Trustees. Conflict of interest management plans are prepared for all those officers, trustees, and key employees who are found to have conflicts. The conflict management plans are approved by appropriate individuals in accordance with the policy. University officers are asked to certify annually that trustees have not exercised inappropriate influence concerning matters within the conflict management plan. Officers and key employees are monitored by their supervisors and, for the President, by the Chair of the Board.The resolution of potential and actual conflicts is subject to the approval of the Chair of the Board and is reported to the Chair of the Audit & Compliance Committee of the Board of Trustees.
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management	An external compensation consultant experienced in higher education compensation presents available total compensation comparability data for the positions for which compensation is being determined. Other sources of data are used as well to supplement this process. The data is reviewed by the Compensation Committee of the organization's governing board at its meetings; none of the members of that committee are employees of the organization. The Compensation Committee of the organization's governing board has been delegated the authority to review and approve compensation. Minutes of the deliberations of the committee are contemporaneously recorded. In the event that any member of the Compensation Committee has a conflict of interest, that committee member does not participate in the deliberation or approval process and their abstention from the process is reflected in the minutes.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	An external compensation consultant experienced in higher education compensation presents available total compensation comparability data for the positions for which compensation is being determined. Other sources of data are used as well to supplement this process. The data is reviewed by the Compensation Committee of the organization's governing board at its meetings; none of the members of that committee are employees of the organization. The Compensation Committee of the organization's governing board has been delegated the authority to review and approve compensation. Minutes of the deliberations of the committee are contemporaneously recorded. In the event that any member of the Compensation Committee has a conflict of interest, that committee member does not participate in the deliberation or approval process and their abstention from the process is reflected in the minutes.
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	The organization's Articles of Incorporation are available to the public on request and are available on the website of the North Carolina Secretary of State. The organization's bylaws are not published, but provisions from the bylaws are included as necessary in the organization's policies. The organization's conflicts of interest policy is available to the public on request. The organization's consolidated financial statements are made available to the public on the University's website.
Form 990 Part VII	Hours Allocated to This and Other Related and Affiliated Organizations:Nathan O. Hatch, Ph.D.Filing Organization: 29 hoursRelated Organizations: 11 hoursJ. Reid MorganFiling Organization: 19.7 hoursRelated Organizations: 20.3 hoursB. Hofler MilamFiling Organization: 37.5 hours Related Organizations: 2.5 hoursAnita ConradFiling Organization: 21 hoursRelated Organizations: 19 hours Dr. Julie A. Freischlag MDFiling Organization: 2 hoursRelated Organizations: 21.2 hoursAffiliated Organizations: 16.8 hoursDr. John D. McConnell, MDFiling Organization: 0 hoursRelated Organizations: 40.0 hours
PART V, LINE 4b: Foreign Accounts	INTEREST IN OR AUTHORITY OVER A FOREIGN ACCOUNTNAME OF COUNTRY: United Kingdom, France, Spain, Austria, Italy, Nicaragua, Chile, China.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	Province Or StateForeignAddress/ProvinceOrStateNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd
Deacon Blvd Holdings I LLC
PO Box 7201	WinstonSalem	NC	27109	262203211	Real Estate Holding - Currently Inactive	NC	NA
Creative Cafe LLC
PO Box 7201	WinstonSalem	NC	27109	263700428	No Operations	NC	NA
Wake Forest Advantage-WF Ed Cons Nanjing
PO Box 7201	Winston Salem	NC	27109	462754916	Int'l study program holding China WFOE	NC	NA	$225,169	$115,766
Verger Fund I LLC
751 W Fourth Street Suite 410	Winston Salem	NC	27101	560532138	Holding Verger Capital Fund	DE	NA	$43,999,225	$786,258,760
Wake Forest University Spain SL
				560532138	study abroad educ. activities		NA	$737,894	$766,930	C/Toro 84-90 Oficina Izquierda	Salamanca	Salamanca	SP	37120	SP
Wake Forest University Chile SpA
				560532138	Study Abroad		NA	$82,204	$775	Santa Lucia 280 Oficina 12	Santiago	Santiago	CI		CI

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (13 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
Wake Forest University Foundation
PO Box 7201	WinstonSalem	NC	27109	562038193	Real Estate Holding and Management	NC	501(c)(3)	Line 12a, I	Wake Forest University	Yes (true)
Wake Forest University Health Sciences
Medical Center Blvd	WinstonSalem	NC	27157	223849199	Medical Education, research and patient care	NC	501(c)(3)	Line 2	Wake Forest University	Yes (true)
Wake Forest University Development Fndn
PO Box 7201	WinstonSalem	NC	27109	562038194	Management/Sale of charitable real property donations	NC	501(c)(3)	Line 12a, I	Wake Forest University	Yes (true)
Reynolda House Inc
PO Box 7287	WinstonSalem	NC	27109	560810676	Museum of American Art	NC	501(c)(3)	Line 7	Wake Forest University	Yes (true)
Wake Forest Univ Baptist Med Center
Medical Center Blvd	WinstonSalem	NC	27157	510190238	Supports WFU, WFU Health Sciences, NC Baptist Hospital	NC	501(c)(3)	Line 12a, I	WFU 50 & NC Baptist Hospital 50	false
Wake Forest Univ Health Sciences Group
Medical Center Blvd	WinstonSalem	NC	27157	900222618	Kidney dialysis treatment centers	NC	501(c)(3)	Line 12a, I	WFU Health Sciences	false
Wake Forest Innovation Quarter Devel Co
Medical Center Blvd	WinstonSalem	NC	27157	562094067	Research Park development	NC	501(c)(6)		WFU Health Sciences	false
Wake Forest Innovation Quarter Mgmt Co
Medical Center Blvd	WinstonSalem	NC	27157	061818498	Research park development	NC	501(c)(3)	Line 12a, I	WFU Health Sciences	false
RegenMed Development Organization
Medical Center Blvd	WinstonSalem	NC	27157	202710571	Education supporting Regenerative Med.	NC	501(c)(3)	Line 7	WFU Health Sciences	false
Wake Forest Innovation Quarter CDC
Medical Center Blvd	WinstonSalem	NC	27157	200177581	Research development	NC	501(c)(3)	Line 12a, I	WFU Health Sciences	false
Childress Inst for Pediatric Trauma
575 N Patterson Ave Ste 140	WinstonSalem	NC	27101	463674691	Medical Research	NC	501(c)(3)	Line 3	WFU Health Sciences	false
Wake Forest Emergency Providers
Medical Center Blvd	WinstonSalem	NC	27157	561903275	Operates Primary Care Clinics	NC	501(c)(3)	Line 3	WFU Health Sciences	false
The James W Denmark Loan Fund Inc
PO Box 7354	WinstonSalem	NC	27109	560774769	Student Loan Provider	NC	501(c)(3)	Line 12a, I	NA	false

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct	UBI Code VUBICodeVAmt
Verger Capital Management LLC
751 W Fourth Street Suite 410	Winston Salem	NC	27101	464037343	Asset Management	DE	Wake Forest Univ	$894,288	$6,517,517	false	false	1.00000
Verger Capital Fund LLC
751 W Fourth Street Suite 410	Winston Salem	NC	27101	464027021	Endowment investing	DE	Verger Fund I	$43,999,225	$786,258,760	false	false	0.58920	$1,691,762
Wake Forest Technology Development Prog
2520 Meridian Pkwy 400	Durham	NC	27713	475437596	Tech Devel.	NC	WFU Health Sciences			false	false
Verger Fund II LLC
751 W Fourth Street Suite 410	WinstonSalem	NC	27101	352514227	Endowment investing	DE	WFU Health Sciences			false	false
Wake Forest Ambulatory VTR LLC
Medical Center Blvd	WinstonSalem	NC	27157	820777206	Healthcare	NC	WFU Health Sciences			false	false

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd
Charitable Remain Trusts 38
1834 Wake Forest Road	WinstonSalem	NC	27109	Investment	NC	WFU	T	false
Charitable Remain Trusts 2
Medical Center Blvd	Winston Salem	NC	27157	Investment	NC	WFU Health Sciences	T	false

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	Yes (true)	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (true)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (true)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (true)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	Yes (true)	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	Yes (true)	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	Yes (true)	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	Yes (true)	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (true)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (true)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (true)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (true)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (true)	TransferToOtherOrgInd
Transfer From Other Org	Yes (true)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (18 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
Wake Forest University Foundation
e	$23,609	Cash Transfer
Wake Forest University Foundation
o	$78,142	Cash Transfer
Wake Forest University Health Sciences
c	$1,000,000	Cash Transfer
Wake Forest University Health Sciences
p	$4,266,374	Cash Transfer
Wake Forest University Health Sciences
q	$9,028,135	Cash Transfer
Wake Forest University Development Fndn
c	$6,081	Cash Transfer
Wake Forest University Development Fndn
d	$103,652	Cash Transfer
Wake Forest University Development Fndn
o	$54,437	Fair Value
Reynolda House Inc
b	$669,000	Cash Transfer
Reynolda House Inc
q	$176,887	Cash Transfer
The James W Denmark Loan Fund Inc
s	$50,900	Cash Transfer
Verger Capital Management LLC
a	$180,865	Interest Pmt
Verger Capital Management LLC
d	$647,585	Loan Repayment
Verger Capital Management LLC
j	$69,127	Cash Transfer
Verger Capital Management LLC
m	$2,689,869	Inv Mgmt Fees
Verger Capital Management LLC
q	$3,233,039	Cash Transfer
Verger Capital Fund LLC
r	$21,436,980	Cash Transfer
Verger Capital Fund LLC
s	$41,956,261	Cash Transfer

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Related Party Disclosures	Verger Capital Management, LLC is a controlled entity that is taxable as a Partnership. It was formed to manage the investment activities for the endowment assets of the University and the Wake Forest controlled group.
Verger Capital Fund LLC	Verger Capital Fund (VCF) was created in order to hold the filing organization's Endowment Assets for investment. VCF accepted endowment assets of other members of the controlled group in FY15. During this fiscal year VCF received assets from other, unrelated, entities for investment and plans to continue this avenue of growth.
Verger Fund I LLC	Verger Fund I is a disregarded entity that holds the University's partnership interest in Verger Capital Fund, the entity holding the Endowment assets.
Verger Fund II LLC	Verger Fund II is the partnership which holds the interest in VCF (endowment assets) for the other members of the WFU controlled group. These subsidiary entities have a combined controlling interest in the partnership, thus the common parent, Wake Forest University has an indirect controlling interest.Wake Forest Techonology Development Program, LP and Wake Forest Ambulatory VTR, LLC are partnerships controlled by Wake Forest University Health Sciences. Since Wake Forest University is deemed to control Wake Forest University Health Sciences, it has an indirect controlling interest in these partnerships.