WAKE FOREST UNIVERSITY: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: WAKE FOREST UNIVERSITY (EIN 56-0532138)
Tax period: 2016-07-01 to 2017-06-30
Filed: 2018-05-14
IRS object ID: 201811349349300206
Schema version: 2016v3.0
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	2018-05-14T04:06:13-07:00	ReturnTs
Tax Period End	2017-06-30	TaxPeriodEndDt
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-07-01	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	PO 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	EXEC VICE PRES	PersonTitleTxt
Signature	2018-05-14	SignatureDt

Field	Value	IRS element (for citing)
Tax	2016	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	Wake Forest PO Box 7226	AddressLine1Txt
City	WinstonSalem	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27109	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,075,510,122	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
All Affiliates Included	false	AllAffiliatesIncludedInd
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	48	VotingMembersGoverningBodyCnt
Voting Members Independent	44	VotingMembersIndependentCnt
Total Employee	5733	TotalEmployeeCnt
Total Volunteers	2150	TotalVolunteersCnt
Total Gross UBI	$7,238,522	TotalGrossUBIAmt
PY Contributions Grants	$72,144,441	PYContributionsGrantsAmt
CY Contributions Grants	$155,959,222	CYContributionsGrantsAmt
PY Program Service Revenue	$390,975,440	PYProgramServiceRevenueAmt
CY Program Service Revenue	$410,762,241	CYProgramServiceRevenueAmt
PY Investment Income	$8,347,525	PYInvestmentIncomeAmt
CY Investment Income	$72,984,533	CYInvestmentIncomeAmt
PY Other Revenue	$10,832,447	PYOtherRevenueAmt
CY Other Revenue	$10,992,335	CYOtherRevenueAmt
PY Total Revenue	$482,299,853	PYTotalRevenueAmt
CY Total Revenue	$650,698,331	CYTotalRevenueAmt
PY Grants And Similar Paid	$106,335,893	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$111,634,418	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$231,450,749	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$241,310,091	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$1,565,521	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$1,583,833	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$24,590,636	CYTotalFundraisingExpenseAmt
PY Other Expenses	$138,727,673	PYOtherExpensesAmt
CY Other Expenses	$143,159,663	CYOtherExpensesAmt
PY Total Expenses	$478,079,836	PYTotalExpensesAmt
CY Total Expenses	$497,688,005	CYTotalExpensesAmt
PY Revenues Less Expenses	$4,220,017	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$153,010,326	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,611,251,705	TotalAssetsBOYAmt
Total Assets EOY	$1,824,862,917	TotalAssetsEOYAmt
Total Liabilities BOY	$492,237,636	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$541,295,485	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,119,014,069	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,283,567,432	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	$226,787,091	ExpenseAmt
Grant	$89,251,711	GrantAmt
Revenue	$319,700,383	RevenueAmt
Desc	Instruction of approximately 7,643 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 828 visiting students from 64 different countries. More than 63% 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. 55.8% of the graduate and undergraduate student population received financial aid awards. Approximately 4,264 students received scholarships or grants from the institution during the year.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$98,647,656	ExpenseAmt
Grant	$16,127,455	GrantAmt
Revenue	$99,288,737	RevenueAmt
Desc	Wake Forest maintains campus bookstores, housing and dining facilities, mail services and other program services, including Athletics. Athletic scholarships provided funding for 81% of our 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	$64,490,589	ExpenseAmt
Grant	$1,055,161	GrantAmt
Revenue	$2,138,959	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. The University supports, with occasional gifts, local exempt organizations, in order to enhance arts and culture in the area.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$28,132,201	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$5,200,091	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$10,259,509	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$418,057,537	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
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
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	Yes (true)	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	Yes (true)	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	Yes (true)	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 With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	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
IRP Document	9899	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	5733	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	false	Form8282PropertyDisposedOfInd
Form8282 Filed	0	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
DAF Excess Business Holdings	false	DAFExcessBusinessHoldingsInd
Taxable Distributions	false	TaxableDistributionsInd
Distribution To Donor	false	DistributionToDonorInd
Org Filed In Lieu Of Form1041	false	OrgFiledInLieuOfForm1041Ind
Licensed More Than One State	false	LicensedMoreThanOneStateInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	48	GoverningBodyVotingMembersCnt
Independent Voting Member	44	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (true)	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	false	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	3367583201	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 (65 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Donna A Boswell PhD
Board Chair	15.00	6.00	Yes (X)	$0	$0	$0
Diana M Adams
Trustee	3.00	0.60	Yes (X)	$0	$0	$0
Shelmer D Blackburn Jr
Comm Vice Chair	4.00	0.00	Yes (X)	$0	$0	$0
Jeanne Whitman Bobbitt
Committee Chair	5.00	0.60	Yes (X)	$0	$0	$0
Peter C Brockway
Trustee	3.00	1.00	Yes (X)	$0	$0	$0
Thomas W Bunn
Comm Vice Chair	4.00	0.70	Yes (X)	$0	$0	$0
Bobby R Burchfield
Board ViceChair	6.00	2.00	Yes (X)	$0	$0	$0
Jermyn M Davis
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
H Lawrence Culp Jr
Trustee	3.00	2.60	Yes (X)	$0	$0	$0
David W Dupree
Trustee	4.00	5.00	Yes (X)	$0	$0	$0
Thomas A Dingledine
Comittee Chair	4.00	0.00	Yes (X)	$0	$0	$0
Cantey M Ergen
Committee Chair	4.00	0.00	Yes (X)	$0	$0	$0
Eric W Eubank II
Committee Chair	5.00	1.00	Yes (X)	$0	$0	$0
Curtis C Farmer
Trustee	3.00	0.50	Yes (X)	$0	$0	$0
Mary R Farrell
Trustee	4.00	0.00	Yes (X)	$0	$0	$0
Helen Hough Feinberg
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Donald E Flow
Committee Chair	5.00	8.00	Yes (X)	$0	$0	$0
Richard Alan Fox
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Kathleen Brelsford French MD
Trustee	3.00	2.00	Yes (X)	$0	$0	$0
Lawrence D Hopkins MD
Trustee	3.00	37.00	Yes (X)	$0	$310,245	$41,264
James R Helvey III
Comm Vice Chair	5.00	7.60	Yes (X)	$0	$0	$0
Alice Kirby Horton
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Matthew A King
Committee Chair	6.00	2.00	Yes (X)	$0	$0	$0
Deborah D Lambert
Comm Chair, VC	6.00	0.00	Yes (X)	$0	$0	$0
John R Lowden
Trustee	3.00	0.60	Yes (X)	$0	$0	$0
James J Marino
Committee Chair	4.00	6.00	Yes (X)	$0	$0	$0
John A McAvoy
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
John K Medica
Comm Vice Chair	4.00	0.60	Yes (X)	$0	$0	$0
Wade W Murphy
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Ogden Phipps II
Trustee	3.00	0.60	Yes (X)	$0	$0	$0
Steven S Reinemund
Trustee	3.00	1.00	Yes (X)	$0	$0	$0
Gerald F Roach
Board ViceChair	6.00	2.00	Yes (X)	$0	$0	$0
Sarah E Rudasill
Trustee	3.00	0.00	Yes (X)	$601	$0	$0
Janice Kulynych Story
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Mit B Shah
Committee Chair	5.00	0.60	Yes (X)	$0	$0	$0
Michael J Selverian Sr
Comm Vice Chair	4.00	0.00	Yes (X)	$0	$0	$0
Andrew J Schindler
Comm Vice Chair	4.00	7.60	Yes (X)	$0	$0	$0
Adelaide A Sink
Committee Chair	5.00	1.00	Yes (X)	$0	$0	$0
Cathy Wall Thomas MD
Trustee	4.00	2.00	Yes (X)	$0	$0	$0
David I Wahrhaftig
Comm Vice Chair	4.00	0.00	Yes (X)	$0	$0	$0
Benjamin C Sutton Jr
Comm Vice Chair	4.00	1.00	Yes (X)	$0	$0	$0
John M Vann
Trustee	3.00	2.00	Yes (X)	$0	$0	$0
Seth H Waugh
Committee Chair	4.00	0.00	Yes (X)	$0	$0	$0
Katherine B Wright
Comm Vice Chair	4.00	0.00	Yes (X)	$0	$0	$0
Charles Jeffrey Young
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Harold O Rosser
Trustee	3.00	0.60	Yes (X)	$0	$0	$0
Jane Love McGraw
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Nathan O Hatch PhD
President	29.00	11.00	Yes (X)	$1,023,612	$0	$662,475	Yes (X)
J Reid Morgan
S.VP, Sec, G.C.	19.70	20.30		$560,584	$0	$141,933	Yes (X)
John D McConnell MD
EVPHlth-4/26/17	2.00	16.60		$0	$2,031,055	$266,426	Yes (X)
Rogan Kersh PhD
Provost	40.00	0.00		$545,213	$0	$145,283	Yes (X)
B Hofler Milam
Exec VP & CFO	37.50	2.50		$1,135,788	$0	$101,445	Yes (X)
Anita M Conrad
Asst Secretary	21.00	19.00		$176,799	$0	$36,047	Yes (X)
Julie Ann Frieschlag MD
EVPHlth 4/27/17	2.00	21.50		$0	$0	$0	Yes (X)
Charles L Iacovou
Dean, School of Bus, FY15	40.00	0.00		$448,262	$0	$48,161		Yes (X)
Ronald D Wellman
Director of Athletics	40.00	0.00		$786,122	$0	$362,198		Yes (X)
Mark A Petersen
VP - Advancement	40.00	0.00		$499,861	$0	$73,366		Yes (X)
Michele Gillespie
Dean, Wake Forest College	40.00	0.00		$289,901	$0	$60,167		Yes (X)
David P Clawson
Football Coach	40.00	0.00		$1,792,831	$0	$38,749			Yes (X)
Michael Elko
Asst F'ball Coach	40.00	0.00		$548,746	$0	$38,287			Yes (X)
Daniel R Manning
Basketball Coach	40.00	0.00		$1,793,111	$0	$37,249			Yes (X)
Ajay Patel
Prof, Sch of Busns	40.00	0.00		$398,567	$0	$108,479			Yes (X)
Andrew R Chan
VP Career Devel	40.00	0.00		$409,120	$0	$99,415			Yes (X)
Mark E Welker PhD
Former Interim Provost	40.00	0.00		$240,043	$0	$42,678				Yes (X)
James J Dunn
Former Chief Invest Officr	0.00	40.00		$0	$783,475	$19,978				Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$10,649,161	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$3,124,775	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,323,600	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	444	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	$50,928,577
Aramark Campus Services
1101 Market St 12th Fl	Philadelphia	PA	19107	Food Service	$19,292,874
IL Long Construction Co Inc
4117 Indiana Avenue	Winston Salem	NC	27105	Construction	$17,939,353
NCS Pearson Inc
13036 Collections Center Drive	Chicago	IL	60693	Subscription Service	$4,410,682
EBSCO Subscription Services
6800 Versar Center Suite 131	Springfiels	VA	22151	Subscription Service	$2,910,588

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	124	CntrctRcvdGreaterThan100KCnt
Fundraising	$1,354,480	FundraisingAmt
Related Organizations	$2,244,927	RelatedOrganizationsAmt
Government Grants	$10,259,509	GovernmentGrantsAmt
All Other Contributions	$142,100,306	AllOtherContributionsAmt
Noncash Contributions	$27,443,401	NoncashContributionsAmt
Total Contributions	$155,959,222	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
Athletic Programs	711210	$34,403,627	$34,403,627
Organized Activities	515100	$8,743,774	$7,795,922	$77,132	$870,720
Student Health Services	621400	$3,159,631			$3,159,631
Student Housing & Dining	721310	$39,791,499	$39,791,499
Tuition and Fees	611310	$319,700,383	$319,700,383

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,963,327	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,260,915	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$563,453	UnrelatedBusinessRevenueAmt
Exclusion	$2,138,959	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$410,762,241	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$49,353,390	TotalRevenueColumnAmt
Unrelated Business Revenue	$2,866,127	UnrelatedBusinessRevenueAmt
Exclusion	$46,487,263	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	$2,914,100	TotalRevenueColumnAmt
Exclusion	$2,914,100	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$10,411,292	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$9,709,046	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$702,246	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$702,246	TotalRevenueColumnAmt
Exclusion	$702,246	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$435,818,695	SecuritiesAmt
Other	$552,500	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$412,606,165	SecuritiesAmt
Other	$133,887	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$23,212,530	SecuritiesAmt
Other	$418,613	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$23,631,143	TotalRevenueColumnAmt
Related Or Exempt Func Income	$418,613	RelatedOrExemptFuncIncomeAmt
Exclusion	$23,212,530	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$45,643	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$1,354,480	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$121,392	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$75,749	TotalRevenueColumnAmt
Exclusion	-$75,749	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	$9,030,507	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$2,241,301	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,789,206	TotalRevenueColumnAmt
Unrelated Business Revenue	$3,069,278	UnrelatedBusinessRevenueAmt
Exclusion	$3,719,928	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Athletic Advertising	541800	$29,525	$29,525
Indoor Tennis Club	713940	$178,233	$178,233
Winston Salem Tennis Open	711210	$454,774	$454,774

Field	Value	IRS element (for citing)
Other Revenue Total	$662,532	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$650,698,331	TotalRevenueColumnAmt
Related Or Exempt Func Income	$404,370,959	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$7,238,522	UnrelatedBusinessRevenueAmt
Exclusion	$83,129,628	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$4,977,073	TotalAmt
Program Services	$4,977,073	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$105,753,604	TotalAmt
Program Services	$105,753,604	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$903,741	TotalAmt
Program Services	$903,741	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	$5,196,517	TotalAmt
Program Services	$1,027,279	ProgramServicesAmt
Management And General	$2,880,975	ManagementAndGeneralAmt
Fundraising	$1,288,263	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	$184,806,657	TotalAmt
Program Services	$143,230,441	ProgramServicesAmt
Management And General	$30,341,844	ManagementAndGeneralAmt
Fundraising	$11,234,372	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$14,202,500	TotalAmt
Program Services	$10,740,700	ProgramServicesAmt
Management And General	$2,514,146	ManagementAndGeneralAmt
Fundraising	$947,654	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$24,306,617	TotalAmt
Program Services	$17,420,322	ProgramServicesAmt
Management And General	$5,100,813	ManagementAndGeneralAmt
Fundraising	$1,785,482	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$12,797,800	TotalAmt
Program Services	$9,678,390	ProgramServicesAmt
Management And General	$2,265,484	ManagementAndGeneralAmt
Fundraising	$853,926	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	$423,209	TotalAmt
Program Services	$16,625	ProgramServicesAmt
Management And General	$396,584	ManagementAndGeneralAmt
Fundraising	$10,000	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$204,361	TotalAmt
Program Services	$9,200	ProgramServicesAmt
Management And General	$195,161	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	$1,583,833	TotalAmt
Fundraising	$1,583,833	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$6,410,441	TotalAmt
Program Services	$4,189,927	ProgramServicesAmt
Management And General	$2,220,514	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$22,536,596	TotalAmt
Program Services	$16,682,124	ProgramServicesAmt
Management And General	$5,650,545	ManagementAndGeneralAmt
Fundraising	$203,927	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$4,623,596	TotalAmt
Program Services	$3,026,390	ProgramServicesAmt
Management And General	$415,039	ManagementAndGeneralAmt
Fundraising	$1,182,167	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$21,911,597	TotalAmt
Program Services	$16,634,840	ProgramServicesAmt
Management And General	$3,227,287	ManagementAndGeneralAmt
Fundraising	$2,049,470	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,365,022	TotalAmt
Program Services	$1,992,480	ProgramServicesAmt
Management And General	$226,024	ManagementAndGeneralAmt
Fundraising	$146,518	FundraisingAmt

Royalties RoyaltiesGrp

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

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$13,213,038	TotalAmt
Program Services	$9,097,447	ProgramServicesAmt
Management And General	$3,887,891	ManagementAndGeneralAmt
Fundraising	$227,700	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$12,318,794	TotalAmt
Program Services	$10,845,219	ProgramServicesAmt
Management And General	$405,303	ManagementAndGeneralAmt
Fundraising	$1,068,272	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	$3,006,699	TotalAmt
Program Services	$2,205,563	ProgramServicesAmt
Management And General	$567,187	ManagementAndGeneralAmt
Fundraising	$233,949	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$11,306,259	TotalAmt
Program Services	$4,296,002	ProgramServicesAmt
Management And General	$7,010,257	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

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

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$32,679,109	TotalAmt
Program Services	$30,501,257	ProgramServicesAmt
Management And General	$757,170	ManagementAndGeneralAmt
Fundraising	$1,420,682	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$2,115,449	TotalAmt
Program Services	$1,001,322	ProgramServicesAmt
Management And General	$1,015,259	ManagementAndGeneralAmt
Fundraising	$98,868	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Library, Books & Subscriptions	$7,234,197	$7,114,930	$27,424	$91,843
Auxiliary Enterprises	$4,013,284	$3,814,560	$197,639	$1,085
Non Capital Equip & Furnishing	$3,026,916	$1,994,250	$1,001,621	$31,045
Miscellaneous	$291,480	-$56,750	$286,528	$61,702

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	-$4,520,384	TotalAmt
Program Services	$10,960,601	ProgramServicesAmt
Management And General	-$15,550,863	ManagementAndGeneralAmt
Fundraising	$69,878	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$497,688,005	TotalAmt
Program Services	$418,057,537	ProgramServicesAmt
Management And General	$55,039,832	ManagementAndGeneralAmt
Fundraising	$24,590,636	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	$58,523,964	BOYAmt
EOY	$53,774,535	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$120,073,485	BOYAmt
EOY	$184,636,117	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$9,588,275	BOYAmt
EOY	$9,698,107	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$390,000	BOYAmt
EOY	$570,000	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	$27,962,508	BOYAmt
EOY	$26,539,697	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$628,756	BOYAmt
EOY	$687,889	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,899,315	BOYAmt
EOY	$5,088,089	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$996,813,487	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$421,988,753	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$509,860,191	BOYAmt
EOY	$574,824,734	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$214,072,138	BOYAmt
EOY	$512,619,624	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$662,197,396	BOYAmt
EOY	$451,988,616	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	$4,055,677	BOYAmt
EOY	$4,435,509	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,611,251,705	BOYAmt
EOY	$1,824,862,917	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$49,230,909	BOYAmt
EOY	$46,883,775	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$9,447,068	BOYAmt
EOY	$9,360,770	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$24,655,984	BOYAmt
EOY	$30,581,787	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$137,900,000	BOYAmt
EOY	$180,375,000	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$754,863	BOYAmt
EOY	$795,297	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$53,965,886	BOYAmt
EOY	$50,995,451	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	$91,282,926	BOYAmt
EOY	$97,303,405	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$492,237,636	BOYAmt
EOY	$541,295,485	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$497,148,546	BOYAmt
EOY	$566,385,433	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$338,059,637	BOYAmt
EOY	$347,404,393	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$283,805,886	BOYAmt
EOY	$369,777,606	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,119,014,069	BOYAmt
EOY	$1,283,567,432	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,611,251,705	BOYAmt
EOY	$1,824,862,917	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$153,010,326	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$11,543,037	NetUnrlzdGainsLossesInvstAmt
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	$97,889,217	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$93,868,783	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$87,133,767	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$72,144,441	CurrentTaxYearMinus1YearAmt
Current Tax Year	$157,306,803	CurrentTaxYearAmt
Total	$508,343,011	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	$97,889,217	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$93,868,783	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$87,133,767	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$72,144,441	CurrentTaxYearMinus1YearAmt
Current Tax Year	$157,306,803	CurrentTaxYearAmt
Total	$508,343,011	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$57,287,109	SubstantialContributorsTotAmt
Public Support Total170	$451,055,902	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$32,969,302	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$24,833,246	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$25,521,576	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$19,388,703	CurrentTaxYearMinus1YearAmt
Current Tax Year	$62,678,782	CurrentTaxYearAmt
Total	$165,391,609	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$1,618,183	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,974,386	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,189,568	CurrentTaxYearAmt
Total	$5,782,137	TotalAmt

Other Income170 OtherIncome170Grp

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

Field	Value	IRS element (for citing)
Total Support	$679,516,757	TotalSupportAmt
Gross Receipts Rltd Activities	$1,893,223,064	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.66380	PublicSupportCY170Pct
Public Support PY170	0.77520	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	Part I: Additional Information	FormAndLineReferenceDesc
Explanation	The filing organization is a School. 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 included in order to take advantage of the Schedule B Special 2% Rule.	ExplanationTxt

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	$8,625	DirectContactLegislatorsAmt
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	false	OtherActivitiesInd
Total Lobbying Expenditures	$8,625	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 organization's medical school subsidiary organization has a Government Relations office which makes contacts; working in coordination with that government relations office, the filing organization's employees will sometimes make direct contact with legislators, their staffs, government officials, or a legislative body. The Government Relations office was actively involved with several federal and state issues during the year, (including tax reform, federal student aid, emergency preparedness requirements, immigration executive orders, and the Historic Preservation Tax Credit for Wake Forest Innovation Quarter which may have a direct impact upon the filing organization), but because of the preponderance of current Health Care legislation, the Government Relations Office of the filing organization's subsidiary spent less time during the tax year on purely educational issues of greatest relevance to the filing organization.	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	$8,254,014	BeginningBalanceAmt
Distributions During Year	$2,916,131	DistributionsDuringYearAmt
Ending Balance	$5,337,883	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	$656,509,662	BeginningYearBalanceAmt
Contributions	$19,439,767	ContributionsAmt
Investment Earnings Or Losses	$52,606,427	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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$682,432,627	BeginningYearBalanceAmt
Contributions	$17,630,121	ContributionsAmt
Investment Earnings Or Losses	$14,391,190	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$16,708,857	GrantsOrScholarshipsAmt
Other Expenditures	$10,462,540	OtherExpendituresAmt
Administrative Expenses	$5,360,741	AdministrativeExpensesAmt
End Year Balance	$681,921,800	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$630,580,382	BeginningYearBalanceAmt
Contributions	$18,658,099	ContributionsAmt
Investment Earnings Or Losses	$61,345,143	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$17,125,125	GrantsOrScholarshipsAmt
Other Expenditures	$9,464,087	OtherExpendituresAmt
Administrative Expenses	$1,561,785	AdministrativeExpensesAmt
End Year Balance	$682,432,627	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$586,318,598	BeginningYearBalanceAmt
Contributions	$34,222,614	ContributionsAmt
Investment Earnings Or Losses	$39,951,119	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$12,712,804	GrantsOrScholarshipsAmt
Other Expenditures	$15,742,738	OtherExpendituresAmt
Administrative Expenses	$1,456,407	AdministrativeExpensesAmt
End Year Balance	$630,580,382	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.28980	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.39210	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.31810	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	$698,912	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$13,236,354	OtherCostOrOtherBasisAmt
Book Value	$13,935,266	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$56,120,239	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$482,908,517	OtherCostOrOtherBasisAmt
Depreciation	$187,504,076	DepreciationAmt
Book Value	$351,524,680	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$208,922,033	OtherCostOrOtherBasisAmt
Depreciation	$131,399,218	DepreciationAmt
Book Value	$77,522,815	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$152,040,802	OtherCostOrOtherBasisAmt
Depreciation	$100,108,484	DepreciationAmt
Book Value	$51,932,318	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$82,886,630	OtherCostOrOtherBasisAmt
Depreciation	$2,976,975	DepreciationAmt
Book Value	$79,909,655	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$574,824,734	TotalBookValueLandBuildingsAmt
Total Book Value Securities	$451,988,616	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
Annuities payable	$23,960,764
Bond premium	$18,757,491
Other liabilities and deferral	$41,725,102
Postretirement benefits	$12,860,048

Field	Value	IRS element (for citing)
Total Liability	$97,303,405	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$552,487,180	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$11,543,037	NetUnrealizedGainsInvstAmt
Other Revenue	$12,071,739	OtherRevenueAmt
Revenue Not Reported	$23,614,776	RevenueNotReportedAmt
Revenue Subtotal	$528,872,404	RevenueSubtotalAmt
Investment Expenses Not Incld	$6,414,639	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$115,411,288	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$121,825,927	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$650,698,331	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$387,933,817	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$12,071,739	OtherExpensesIncludedAmt
Expenses Not Reported	$12,071,739	ExpensesNotReportedAmt
Expenses Subtotal	$375,862,078	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$6,414,639	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$115,411,288	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$121,825,927	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$497,688,005	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (10 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	Prior to FY16, the organization managed the endowment pool for both the organization and several related organizations identified in Schedule R. Investments for related parties were not included on the organization's balance sheet, but were contained in the consolidated financial statements.In the transfer of endowment assets to the Verger Capital Fund, a related organization to the filing organization, a few items were not transferred. These assets are still 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 58.9% of the expendable endowment funds provided scholarships for Wake Forest University students during the fiscal year. 15.5% was distributed for department chair and faculty positions, including funds for research professorships. 11.9% supported educational programs generally, the libraries and general university operations. 13.65% provided support for 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. Accordingly, no provision for income taxes is made in the consolidated financial statements. 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, 2014 remain subject to examination by federal and state tax authorities. The University has evaluated uncertain tax positions for the years ended June 30, 2017 and 2016, 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 years ended June 30, 2017 and 2016.
Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990	Rental Expenses $9709046 Cost of Goods Sold $2241301 Fundraising event expenses $121392
Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S	Scholarships net tuition on F/S $XXX-XX-XXXX Allocations moved to net expense $10789997 Premiums on donor life policies to gifts $63834 Pledge allowance adjustment $-338852
Part XII, Line 2d: Other expenses and losses per audited F/S	Rental expenses $9709046 Cost of Goods Sold $2241301 Fundraising event expenses $121392
Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S	Scholarship allowance $XXX-XX-XXXX Allocations moved to net expense $10789997 Pledge allowance adjustment $-338852 Premiums on donor life polices to gifts $63834

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 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.
Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized	Wake Forest University publishes its nondiscrimination policy 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 F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (48 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Ctr America & Caribbean	1	2	Program Service	Study Abroad	$144,403
Europe & North Atlantic	0	0	Program Service	Services	$4,411
Europe & North Atlantic	0	0	Program Service	Research	$692,584
East Asia & Pacific	0	0	Program Service	Research	$109,486
East Asia & Pacific	1	2	Program Service	Study Abroad	$119,561
Europe & North Atlantic	6	34	Program Service	Study Abroad	$3,861,093
Europe & North Atlantic	0	0	Program Service	Conferences	$297,842
Ctr America & Caribbean	0	0	Program Service	Research	$38,107
East Asia & Pacific	0	0	Program Service	Services	$2,770
Middle East & North Africa	0	0	Program Service	Research	$16,281
Sub-Saharan Africa	1	4	Program Service	Research	$160,368
North America	0	0	Program Service	Conferences	$63,813
North America	0	0	Program Service	Research	$47,143
South America	1	5	Program Service	Study Abroad	$401,260
Europe & North Atlantic	0	0	Program Service	Depr'n on foreign assets	$272,921
South America	2	60	Program Service	Research	$889,551
South America	0	0	Program Service	Conferences	$26,301
Sub-Saharan Africa	0	0	Program Service	Serv/Educ Trips	$3,000
South America	0	0	Program Service	Services	$510
Europe & North Atlantic	0	0	Prog-Related Assets Book Value		$3,080,392
South Asia	0	0	Program Services	Study Abroad	$128,040
Sub-Saharan Africa	0	0	Prog-Related Assets Book Value		$1,538
South America	0	0	Program Services	Depr'n on foreign assets	$14,765
Europe & North Atlantic	0	0	Program Services	Recruiting	$20,871
Ctr America & Caribbean	0	0	Fundraising		$362
Ctr America & Caribbean	0	0	Program Services	Serv/Educ Trips	$27,116
Europe & North Atlantic	0	0	Fundraising		$61,801
Europe & North Atlantic	0	0	Program Services	Serv/Educ Trips	$23,582
East Asia & Pacific	0	0	Program Service	Conference	$37,524
East Asia & Pacific	0	0	Program Service	Recruiting	$11,989
East Asia & Pacific	0	0	Fundraising		$17,438
Middle East & North Africa	0	0	Program Service	Conferences	$7,573
Ctr America & Caribbean	0	0	Program Service	Conferences	$7,809
Middle East & North Africa	0	0	Program Service	Study Abroad	$5,969
North America	0	0	Program Services	Services	$1,370
North America	0	0	Program Services	Recruiting	$1,031
South America	0	0	Program Services	Recruiting	$9,662
South Asia	0	0	Program Services	Conferences	$7,054
South Asia	0	0	Program Services	Recruiting	$3,745
South Asia	0	0	Program Services	Research	$5,372
Sub-Saharan Africa	0	0	Program Services	Conferences	$11,494
Russia & the Ind States	0	0	Program Services	Conferences	$12,706
Europe & North Atlantic	0	0	Investments Book Value		$168,285
East Asia & Pacific	0	0	Investments Book Value		$673,139
Sub-Saharan Africa	0	0	Program Service	Depr'n on foreign assets	$1,420
Sub-Saharan Africa	0	0	Program Service	Study Abroad	$17,832
South America	0	0	Prog-Related Assets Book Value		$88,896
North America	0	0	Program Services	Study Abroad	$3,788

Field	Value	IRS element (for citing)
Subtotal Offices	12	SubtotalOfficesCnt
Subtotal Employees	107	SubtotalEmployeesCnt
Total Office	12	TotalOfficeCnt
Total Employee	107	TotalEmployeeCnt
Subtotal Spent	$7,147,895	SubtotalSpentAmt
Continuation Spent	$4,456,073	ContinuationSpentAmt
Total Spent	$11,603,968	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (5 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
East Asia & Pac	Research Subcon	$74,068	Check/wire
East Asia & Pac	Stdt Exch Prog	$24,373	Check/wire
Europe & N Atl	Research Subcon	$539,259	Check/wire
Europe & N Atl	Study Abroad	$879,368	Check/wire
North America	Research Subcon	$43,798	Check/wire

Field	Value	IRS element (for citing)
Total501c3 Org	19	Total501c3OrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

Field	Value	IRS element (for citing)
Type Of Assistance	Student scholarships	TypeOfAssistanceTxt
Region	Europe & N Atlantic	RegionTxt
Recipient	5	RecipientCnt
Cash Grant	$39,056	CashGrantAmt
Manner Of Cash Disbursement	Check/wire	MannerOfCashDisbursementTxt

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)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Solicitation Of Non Govt Grants	Yes (X)	SolicitationOfNonGovtGrantsInd
Solicitation Of Govt Grants	Yes (X)	SolicitationOfGovtGrantsInd
Special Fundraising Events	Yes (X)	SpecialFundraisingEventsInd
Agrmt Prof Fundraising Acty	Yes (true)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (10 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	ActivityActivityTxt	Fundraiser Control Of FundsFundraiserControlOfFundsInd	Retained By ContractorRetainedByContractorAmt
JHE Productions
6427 Saddle Crk	Harrisburg	NC	28075	Event Consulting	false	$387,020
Honestly LLC
1589 Skeet Club Road	High Point	NC	27265	Campaign consulting	false	$190,091
Briggs Inc
1501 Broadway	New York	NY	10036	Campaign Event	false	$136,793
Linder & Associates
2150 Wisconsin Avenue	Washington	DC	20007	Campaign Event	false	$109,633
Lamphier
Post Office Box 26029	Greensboro	NC	27420	Marketing & Consulting	false	$50,010
Joel W Bowers
1920 Pacific Av	San Fran	CA	94109	Campaign Videos	false	$46,000
ON Services - AV Speciali
4238 Piedmont Parkway	Greensboro	NC	27410	Event AV Services	false	$35,196
Radius GMR LLC
120 5th Avenue	New York	NY	10011	Research Consultant	false	$33,000
PW Feats
3 E Read St	Baltimore	MD	21202	Campaign Events	false	$25,200
Muddy Creek Motorsports
195 Altay Drive	Winston Salem	NC	27106	Promotional Services	false	$17,945

Field	Value	IRS element (for citing)
Total Retained By Contractors	$1,030,888	TotalRetainedByContractorsAmt
Licensed States	AL	LicensedStatesCd
Licensed States	AK	LicensedStatesCd
Licensed States	AZ	LicensedStatesCd
Licensed States	AR	LicensedStatesCd
Licensed States	CA	LicensedStatesCd
Licensed States	CO	LicensedStatesCd
Licensed States	CT	LicensedStatesCd
Licensed States	DE	LicensedStatesCd
Licensed States	FL	LicensedStatesCd
Licensed States	GA	LicensedStatesCd
Licensed States	HI	LicensedStatesCd
Licensed States	ID	LicensedStatesCd
Licensed States	IL	LicensedStatesCd
Licensed States	IN	LicensedStatesCd
Licensed States	IA	LicensedStatesCd
Licensed States	KS	LicensedStatesCd
Licensed States	KY	LicensedStatesCd
Licensed States	LA	LicensedStatesCd
Licensed States	ME	LicensedStatesCd
Licensed States	MA	LicensedStatesCd
Licensed States	MD	LicensedStatesCd
Licensed States	MI	LicensedStatesCd
Licensed States	MN	LicensedStatesCd
Licensed States	MO	LicensedStatesCd
Licensed States	MS	LicensedStatesCd
Licensed States	MT	LicensedStatesCd
Licensed States	NE	LicensedStatesCd
Licensed States	NV	LicensedStatesCd
Licensed States	NH	LicensedStatesCd
Licensed States	NJ	LicensedStatesCd
Licensed States	NM	LicensedStatesCd
Licensed States	NC	LicensedStatesCd
Licensed States	NY	LicensedStatesCd
Licensed States	ND	LicensedStatesCd
Licensed States	OH	LicensedStatesCd
Licensed States	OK	LicensedStatesCd
Licensed States	OR	LicensedStatesCd
Licensed States	PA	LicensedStatesCd
Licensed States	RI	LicensedStatesCd
Licensed States	SC	LicensedStatesCd
Licensed States	SD	LicensedStatesCd
Licensed States	TN	LicensedStatesCd
Licensed States	TX	LicensedStatesCd
Licensed States	UT	LicensedStatesCd
Licensed States	VT	LicensedStatesCd
Licensed States	VA	LicensedStatesCd
Licensed States	WA	LicensedStatesCd
Licensed States	WV	LicensedStatesCd
Licensed States	WI	LicensedStatesCd
Licensed States	WY	LicensedStatesCd
Licensed States	DC	LicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	WFDD Events	Event1Nm
Gross Receipts Event1	$1,347,580	GrossReceiptsEvent1Amt
Charitable Contri Event1	$1,347,580	CharitableContriEvent1Amt
Non Cash Prizes Event1	$14,336	NonCashPrizesEvent1Amt
Food And Beverage Event1	$1,240	FoodAndBeverageEvent1Amt
Other Direct Expenses Event1	$40,630	OtherDirectExpensesEvent1Amt
Event2	Athletics Dinner/Pro AM	Event2Nm
Gross Receipts Event2	$36,446	GrossReceiptsEvent2Amt
Gross Revenue Event2	$36,446	GrossRevenueEvent2Amt
Non Cash Prizes Event2	$12,314	NonCashPrizesEvent2Amt
Food And Beverage Event2	$16,751	FoodAndBeverageEvent2Amt
Entertainment Event2	$13,693	EntertainmentEvent2Amt
Other Direct Expenses Event2	$2,926	OtherDirectExpensesEvent2Amt
Other Events Total	2	OtherEventsTotalCnt
Gross Receipts Other Events	$16,097	GrossReceiptsOtherEventsAmt
Charitable Contri Other Events	$6,900	CharitableContriOtherEventsAmt
Gross Revenue Other Events	$9,197	GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events	$4,920	NonCashPrizesOtherEventsAmt
Food And Beverage Other Events	$184	FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events	$14,398	OthDirectExpnssOtherEventsAmt
Gross Receipts Total	$1,400,123	GrossReceiptsTotalAmt
Charitable Contributions Tot	$1,354,480	CharitableContributionsTotAmt
Gross Revenue Total Events	$45,643	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$31,570	NonCashPrizesTotalEventsAmt
Food And Beverage Total Events	$18,175	FoodAndBeverageTotalEventsAmt
Entertainment Total Events	$13,693	EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events	$57,954	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$121,392	DirectExpenseSummaryEventsAmt
Net Income Summary	-$75,749	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (37 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
Auburn University
PO Box 244023	Montgomery	AL	36124	636000724	115	$54,721	$0	Research Subcontract
Boston College
140 Commonwealth Ave	Chestnut Hill	MA	02467	042103545	501(c)(3)	$15,500	$0	Research subcontract
Brigham & Womens Hospital
75 Francis street	Boston	MA	02115	042312909	501(c)(3)	$74,116	$0	Research Subcontract
Cornell University
341 Pine Tree Road	Ithaca	NY	14850	150532082	501(c)(3)	$73,343	$0	Research Subcontract
East Carolina University
1001 East 5th Street	Greenville	NC	27858	566000403	115	$11,539	$0	Research Subcontract
Georgia Tech Foundation
760 Spring St NW Ste 400	Atlanta	GA	30308	586043294	501(c)(3)	$22,500	$0	Research Subcontract
Johns Hopkins University
3910 Keswick Road NO N4327B	Baltimore	MD	21211	520595110	501(c)(3)	$100,781	$0	Research Subcontract
Law School Transparency Inc
607 James Doak Pkwy	Greensboro	NC	27455	231352651	501(c)(3)	$6,500	$0	Charitable Contribution
Leadership Winston-Salem
624 W Sixth St Ste 110	WinstonSalem	NC	27101	581574887	501(c)(3)	$5,800	$0	Sponsorship General Support
Medical College of Wisconsin
8701 Watertown Plank Road	Milwaukee	WI	53226	390806261	501(c)(3)	$19,176	$0	Research Subcontract
National Cycling Center Inc
145 Kiel Park Drive	WinstonSalem	NC	27109	472950622	501(c)(3)	$10,000	$0	Contribution General Support
National Football Foundation
433 Las Colinas Blvd Ste 113	Irving	TX	75039	221508812	501(c)(3)	$8,000	$0	Charitable Contrib
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	115	$61,620	$0	Research Subcontract
Old Hickory Council BSA
6600 Silas Creek Parkway	WinstonSalem	NC	27106	560529985	201(c)(3)	$14,336	$0	Charitable Contribution
Reynolda House Inc
PO Box 7287	WinstonSalem	NC	27109	560810676	501(c)(3)	$405,000	$0	Operations Support
Take the Fight Inc
6200 Lans Gate Road	Midlothian	VA	23112	042103612	501(c)(3)	$7,300	$0	Charitable Contribution
Trustees of Dartmouth College
7 Lebanon St Ste 302 No 6015	Hanover	NH	03755	020222111	501(c)(3)	$36,000	$0	Research Subcontract
UNC Asheville
CPO 1335 One University Hts	Asheville	NC	28804	566002370	115	$15,000	$0	Sponsorship General Support
UNC Chapel Hill
208 West Franklin Street	Chapel Hill	NC	27599	566001393	115	$682,139	$0	Research subcontract
University of Denver
2199 S University Blvd	Denver	CO	80208	840404231	501(c)(3)	$103,400	$0	Research Subcontract
University of Georgia Res Fdn
324 Bus Svcs 456 East Rd	Athens	GA	30602	581353149	501(c)(3)	$48,046	$0	Research Subcontract
University of Missouri
118 University Hall	Columbia	MO	65211	436003859	115	$9,302	$0	Research Subcontract
University of Pennsylvania
3451 Walnut Street	Philadelphia	PA	19104	231352685	501(c)(3)	$191,102	$0	Research Subcontract
University of Pittsburgh
116 Atwood Street	Pittsburgh	PA	15256	250965591	501(c)(3)	$30,434	$0	Research Subcontract
University of Scranton
800 Linden Street	Scranton	PA	18510	240795495	501(c)(3)	$83,700	$0	Research Subcontract
University of St Thomas
2115 Summit Ave	St Paul	MN	55105	410693970	501(c)(3)	$22,500	$0	Research Subcontract
University of Virginia
580 Massie Rd	Charlottesville	VA	22903	546001796	501(c)(3)	$20,000	$0	Charitable Contribution
University of Virginia
580 Massie Rd	Charlottesville	VA	22903	546001796	501(c)(3)	$52,477	$0	Research Subcontract
Vanderbilt University
PO Box 6310 Sta B	Nasville	TN	37235	620476822	501(c)(3)	$27,496	$0	Research Subcontract
Villanova University
800 Lancaster Avenue	Villanova	PA	19085	231352688	501(c)(3)	$63,146	$0	Research Subcontract
Wake Forest College Birthplace Society
PO Box 494	Wake Forest	NC	27588	566072013	501(c)(3)	$80,391	$0	Operations Support
Whitworth University
300 W Hawthorne Rd	Spokane	WA	99251	910473310	501(C)(3)	$43,920	$0	Research Subcontract
Winston Salem Business Inc
1080 W Fourth Street	WinstonSalem	NC	27101	510436665	501(c)(3)	$10,000	$0	Support Local Econ Dev'mt
Winston-Salem Foundation
751 W Fourth Streetq	WinstonSalem	NC	27101	566037615	501(c)(3)	$100,500	$0	Charitable Contribution
YMCA of Northwest NC
301 N Main St	WinstonSalem	NC	27101	560530015	501(c)(3)	$66,330	$0	Research Subcontract
YWCA of Winston-Salem
313 Indera Mills Court	WinstonSalem	NC	27101	560564345	501(c)(3)	$5,032	$0	Charitable Contribution

Field	Value	IRS element (for citing)
Total501c3 Org	37	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (9 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
Departmental Scholarships	1150	$1,317,872
Grants for Student Travel	481	$150,981
General Tuition Scholarships	3249		$84,592,778	Univ. charges	Tuition discounts
Tuition Concessions	131		$4,256,870	Univ. charges	Direct tuition payments
Athletic Tuition Awards	304		$11,548,313	Univ. charges	Tuition discounts
ROTC Scholarships	31	$153,040
Athletic Room & Board	223	$3,763,855
Study Abroad Scholarships	272	$1,115,983	$1,924,578	Univ. charges	WFU Program payments
Third Party Scholarships	670	$195,167	$3,311,107	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
Rebuttable Presumption Proc	false	RebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt
Ajay Patel
Prof, Sch of Busns	$384,809	$13,758	$26,500	$81,979	$507,046
Andrew R Chan
VP Career Devel	$358,163	$10,957	$69,875	$29,540	$508,535	$40,000
Anita M Conrad
Asst Secretary	$171,502	$297	$17,896	$18,151	$212,846	$5,000
B Hofler Milam
Exec VP & CFO	$485,822	$609,966	$76,500	$24,945	$1,237,233	$40,000	$517,354
Charles L Iacovou
Dean, School of Bus, FY15	$411,092	$7,170	$26,500	$21,661	$496,423	$30,000
Daniel R Manning
Basketball Coach	$1,764,596	$28,515	$13,250	$23,999	$1,830,360
David P Clawson
Football Coach	$1,759,763	$33,068	$13,250	$25,499	$1,831,580
J Reid Morgan
S.VP, Sec, G.C.	$459,486	$61,098	$64,000	$77,933	$702,517	$40,000
James J Dunn
Former Chief Invest Officr								$557,475	$226,000	$4,478	$15,500	$803,453	$224,434
John D McConnell MD
EVPHlth-4/26/17								$1,026,651	$434,548	$247,313	$19,113	$2,297,481		$569,856
Lawrence D Hopkins MD
Trustee								$257,715	$44,244	$22,355	$18,909	$351,509		$8,286
Mark A Petersen
VP - Advancement	$432,903	$26,958	$52,282	$21,084	$573,227	$40,000
Mark E Welker PhD
Former Interim Provost	$239,710	$333	$24,765	$17,913	$282,721
Michael Elko
Asst F'ball Coach	$539,613	$9,133	$13,250	$25,037	$587,033
Michele Gillespie
Dean, Wake Forest College	$261,575	$6,700	$26,500	$33,667	$350,068	$21,626
Nathan O Hatch PhD
President	$862,932	$70,680	$598,507	$63,968	$1,686,087	$90,000
Rogan Kersh PhD
Provost	$485,161	$16,497	$119,875	$25,408	$690,496	$43,555
Ronald D Wellman
Director of Athletics	$740,157	$45,965	$341,575	$20,623	$1,148,320

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 his employment, and as such, pursuant to IRC Section 119, it is not deemed a taxable benefit. Certain personal services, such as cleaning, landscaping and maintenance, are provided as part of the operation of the President's University-owned residence. Social Club dues are provided by the University when membership fulfills a university business purpose. All such dues are monitored for personal use and 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.
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: $48,571 Andrew Chan: $4,726Ajay Patel: $58,022Michele Gillespie: $18,902All compensation provided to John D. McConnell, M.D. was paid by a related organization, Wake Forest University Health Sciences (WFUHS) for his services as an officer 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 his 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. She is not shown on Schedule J as she was not employed/compensated in calendar year 2016. Compensation paid to James J. Dunn, former VP and Chief Investment Officer of the filing organization, was paid by the related organization, Verger Capital Management LLC, which has contracted to manage the filing organization's endowment assets.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 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	65818PHB8	2009-05-28	$112,612,190	See Sch K, Part VI	false	false	false
NC Capital Facs Fin Agcy
B	561592154	65818PEC9	2004-12-21	$36,605,000	See Sch K, Part VI, Ser A	false	false	false
NC Capital Facs Fin Agcy
C	561592154	65818PEB1	2004-12-21	$30,760,000	See Sch K, Part VI, Ser B	false	false	false
NC Capital Facs Fin Agcy
D	561592154	65818PKVO	2016-07-22	$190,092,829	See Sch K, Part VI,Series 2016	false	false	false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond DefeasedBondDefeasedAmt	Total ProceedsTotalProceedsAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	Substantial CompletionSubstantialCompletionYr	Current RefundingCurrentRefundingInd	Advance RefundingAdvanceRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	RetiredRetiredAmt	Refunding EscrowRefundingEscrowAmt	UnspentUnspentAmt
A	$110,000,000	$113,514,794	$5,935,159	$1,108,136	$66,025,088	$40,446,411	2013	Yes (true)	false	Yes (true)	Yes (true)
B		$36,605,000		$300,161		$36,304,839	2001	Yes (true)	false	Yes (true)	Yes (true)	$19,060,000
C		$30,760,000		$270,000		$30,490,000	1999	false	Yes (true)	Yes (true)	Yes (true)	$27,030,000
D		$190,208,319	$2,170,879	$1,214,783	$51,662,465			Yes (true)	Yes (true)	false			$121,699,410	$13,460,783

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 Concerning UBIPrivateBusConcerningUBIPct	Total Private Business UseTotalPrivateBusinessUsePct	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd	Private Bus Use By OthersPrivateBusUseByOthersPct
A	false	Yes (true)	Yes (true)	Yes (true)	false	Yes (true)	0.00150	0.00150	false	false	Yes (true)
D	false	Yes (true)	Yes (true)	Yes (true)	false	Yes (true)	0.00500	0.00710	false	false	Yes (true)	0.00210

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 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	Term Of HedgeTermOfHedgePct	Superintegrated HedgeSuperintegratedHedgeInd	Hedge TerminatedHedgeTerminatedInd
(no name)
A	false	false	false	Yes (true)	false	false	Yes (true)	Yes (true)
(no name)
B	false	false	Yes (true)	Yes (true)	false	false	false	Yes (true)
See Part V
C	false	false	false	Yes (true)	Yes (true)	false	false	Yes (true)	8.5000	false	Yes (true)
(no name)
D	false	false	false	Yes (true)	false	false	Yes (true)	Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (true)
B	Yes (true)
C	Yes (true)
D	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 Educational Facilities Revenue Bonds (Wake Forest University), Series 2009 were used for New Capital Facilities and to refund two lines of credit, dated 2/28/2007 and 11/4/2008. The credit lines originated to begin construction on the facilities which were ultimately financed by the Series 2009 TE Bonds. No interim rebate calculation was undertaken because at no point were the proceeds of the Bond invested above the bond yield. The summary arbitrage rebate calculation date: September 9, 2014.Bond B,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond B,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 C,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond C,Col(f) The Variable Rate Educational Facilities Revenue Bonds (Wake Forest University), Series 2004B were used for refunding the tax exempt bonds issued 12/17/1997. Arbitrage rebate calculation December 21, 2004.Bond D,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond D,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. SCHEDULE K, PART IIBond A, Total proceeds of issue include interest earned of $902,604.Bond D, Total proceeds of issue include interest earned of $115,490. SCHEDULE K, PART IV, COLUMN C, LINE 3bHedge Providers: Bank of America, N.A. and Wachovia Bank, N.A. The Bank of America, N.A. hedge was terminated in 2009. The Wachovia Bank, N.A., now Wells Fargo Bank, N.A., hedge was terminated in 2011.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	David P Clawson	PersonNm
Relationship With Org	Coach	RelationshipWithOrgTxt
Loan Purpose	Insurance	LoanPurposeTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Balance Due	$555,000	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	false	BoardOrCommitteeApprovalInd
Written Agreement	Yes (true)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$555,000	TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
Not required
See Part V	$67,662	Tuition Waiv	Education
Not Required
See Part V	$83,093	Scholarships	Education

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Julia Hatch
See Part V	$65,805	Compensation	false
Angela J Lynde
See Part V	$34,520	Compensation	false
Muriel Hopkins
See Part V	$13,320	Compensation	false
Addison Sutton
See Part V	$38,214	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 are currently receiving tuition discounts under this plan.The filing organization awards scholarships for various purposes. As noted in Form 990, Part III, about 56% 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.Muriel Hopkins: Family member of the organization's trustee, Lawrence D. Hopkins, M.D., 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.	ExplanationTxt

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$5,730	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	188	ContributionCnt
Noncash Contributions Rpt F990	$127,388	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Sale proceeds	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	616	ContributionCnt
Noncash Contributions Rpt F990	$26,730,648	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	1	ContributionCnt
Noncash Contributions Rpt F990	$25,848	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Annuity NPV	MethodOfDeterminingRevenuesTxt

Food Inventory FoodInventoryGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	197	ContributionCnt
Noncash Contributions Rpt F990	$61,999	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)	Computer Equip	3	$152,230	FMV
Yes (X)	Furniture	2	$40,558	FMV
Yes (X)	Courtesy Cars	34	$299,000	Rental Value

Field	Value	IRS element (for citing)
Form8283 Received	3	Form8283ReceivedCnt
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 Charitable Auto Resources(CARS) to process and sell vehicle donations to its radio station. CARS acts as an agent for the Organization in this process, retaining a flat percentage fee and forwarding the 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 (11 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. The University supports, with occasional gifts, local exempt organizations, in order to enhance arts and culture in the area.
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: a University trustee is on the Board of Directors of American Express, which company issues cards used by the University and a number of others in the specified group; 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; some members of the specified group do business with a car dealership owned by a trustee; 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. 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 4: Description of Significant Changes to Organizational Documents	The filing organizations governing board on April 21, 2017, approved the amendment of the organizations bylaws to provide that the organizations President is also a voting member of the Board of Trustees, with a term as trustee to be coextensive with his or her service as President; that the President will serve as a member of the boards Executive Committee but not of any other board standing committee; and that the President will not be present for the consideration of matters concerning his or her employment, performance, compensation, or other matters affecting the President personally.
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 copy of the Form 990 to all members of both the Audit & Compliance Committee and the entire Board of Trustees for comments and questions prior to filing the Form 990 with the IRS. In the current year, the name of an anonymous donor was omitted from the 990 provided to the Board, per the donor's request.
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 meeting; 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 meeting; 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. John D. McConnell, MDFiling Organization: 2 hoursRelated Organizations: 16.6 hoursAffiliated Organizations: 21.4 hoursDr. Julie A. Frieschlag MDFiling Organization: 2 hoursRelated Organizations: 21.5 hoursAffiliated Organizations: 16.5 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	-$25,098	$6,380
Verger Fund I LLC
PO Box 7354	Winston Salem	NC	27109		Holding Verger Capital Fund	DE	NA	$56,694,125	$782,327,064
Wake Forest University Spain SL
					study abroad educ. activities		NA	-$21,141	$26,503	C/Toro 84-90 Oficina Izquierda	Salamanca	Salamanca	SP	37120	SP
Wake Forest University Chile SpA
					Study Abroad		NA	-$1,956	$190,939	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 11a, 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 11a, 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 11a, 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 11a, 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 oversight	NC	501(c)(3)	Line 11a, 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 Park & community economic development	NC	501(c)(3)	Line 11a, 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
WFUBMC Community Physicians CP
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 11a, 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	Predominant Income TypePredominantIncomeTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct	UBI Code VUBICodeVAmt
Verger Capital Management LLC
PO Box 7354	Winston Salem	NC	27109	464037343	Asset Management	DE	Wake Forest Univ	Excluded	$190,504	$5,281,889	false	false	1.00000
Verger Capital Fund LLC
1834 Wake Forest Rd Starling Hall	Winston Salem	NC	27109	464027021	Endowment investing	DE	Verger Fund I	Excluded	$56,694,125	$782,327,064	false	false	0.62681	$2,980,744
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
P O Box 7354	WinstonSalem	NC	27109	352514227	Endowment investing	DE	WFU Health Sciences	Excluded			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 (17 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd
WFU - 7 CRUT
PO Box 7201	WinstonSalem	NC	27109	912129902	Investment	NC	WFU	T	$384,890	0.62700	false
WFU - 6 CRUT
PO Box 7201	WinstonSalem	NC	27109	582175582	Investment	NC	WFU	T	$34,138	0.71470	false
WFU - 6 CRUT
PO Box 7201	WinstonSalem	NC	27109	566473036	Investment	NC	WFU	T	$161,456	0.71470	false
WFU - 6 CRUT
PO Box 7201	WinstonSalem	NC	27109	911832851	Investment	NC	WFU	T	$369,678	0.71470	false
WFU - 6375 CRUT
PO Box 7201	WinstonSalem	NC	27109	566459446	Investment	NC	WFU	T	$91,143	0.62570	false
WFU - 6 CRUT
PO Box 7201	WinstonSalem	NC	27109	900237204	Investment	NC	WFU	T	$196,270	0.71470	false
WFU - 7 CRUT
PO Box 7201	WinstonSalem	NC	27109	582045283	Investment	NC	WFU	T	$215,559	0.59080	false
WFU - 79 CRAT
PO Box 7201	WinstonSalem	NC	27109	566555544	Investment	NC	WFU	T	$389,505	0.71540	false
WFU - 65 CRUT
PO Box 7201	WinstonSalem	NC	27019	566476872	Investment	NC	WFU	T	$123,379	0.59070	false
WFU - 75 CRUT
PO Box 7201	WinstonSalem	NC	27109	582175575	Investment	NC	WFU	T	$62,883	0.56080	false
WFU - 5 CRUT
PO Box 7201	WinstonSalem	NC	27109	456782977	Investment	NC	WFU	T	$178,478	0.53560	false
WFU - 8 CRUT
PO Box 7201	WinstonSalem	NC	27109	912131579	Investment	NC	WFU	T	$58,410	0.81130	false
WFU - 5 CRUT
PO Box 7201	WinstonSalem	NC	27109	566562122	Investment	NC	WFU	T	$53,256	0.70390	false
WFU - 8 CRUT
PO Box 7201	WinstonSalem	NC	27109	566513104	Investment	NC	WFU	T	$93,784	0.53020	false
WFU - 7 CRUT
PO Box 7201	WinstonSalem	NC	27109	912129220	Investment	NC	WFU	T	$136,044	0.52150	false
WFU - 8 CRUT
PO Box 7201	WinstonSalem	NC	27109	586354408	Investment	NC	WFU	T	$67,021	0.53010	false
Charitable Remainder Trusts
Medical Center Boulevard	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	false	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	false	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 (16 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
Wake Forest University Foundation
o	$85,712	FMV allocation
Wake Forest University Health Sciences
c	$1,738,627	Cash Transfer
Wake Forest University Health Sciences
p	$3,054,408	Cash Transfer
Wake Forest University Health Sciences
q	$7,274,744	Cash Transfer
Wake Forest University Development Fndn
c	$506,300	Cash
Wake Forest University Development Fndn
o	$80,123	FMV allocation
Reynolda House Inc
b	$405,000	Cash support
Reynolda House Inc
q	$262,117	Cash Transfer
The James W Denmark Loan Fund Inc
s	$40,300	Cash transfer
Verger Capital Management LLC
a	$61,999	Interest Pymt
Verger Capital Management LLC
d	$269,687	Loan repayment
Verger Capital Management LLC
j	$158,588	Cash rent
Verger Capital Management LLC
m	$2,221,102	Inv Mgmt Fees
Verger Capital Management LLC
q	$2,881,862	Cash reimb
Verger Capital Fund LLC
r	$19,439,767	Cash Transfer
Verger Capital Fund LLC
s	$39,439,313	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.