2018-05-14T04:06:13-07:00 2017-06-30 990 2016-07-01 560532138 WAKE FOREST UNIVERSITY WAKE 3367585233 PO BOX 7201 WINSTONSALEM NC 27109 B Hofler Milam EXEC VICE PRES 2018-05-14 2016 2022-09-23 18:48:47Z Nathan O Hatch PhD Wake Forest PO Box 7226 WinstonSalem NC 27109 1075510122 false false X www.wfu.edu X 1834 NC 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. 48 44 5733 2150 7238522 72144441 155959222 390975440 410762241 8347525 72984533 10832447 10992335 482299853 650698331 106335893 111634418 0 231450749 241310091 1565521 1583833 24590636 138727673 143159663 478079836 497688005 4220017 153010326 1611251705 1824862917 492237636 541295485 1119014069 1283567432 X 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. false false 226787091 89251711 319700383 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. 98647656 16127455 99288737 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. 64490589 1055161 2138959 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. 28132201 5200091 10259509 418057537 true true false true false false false true true true true true false false true true false true true true true true true true true false false true true true true true false false false false true true false true false true false false false true true true true false false true 9899 0 true 5733 true true true true OC false false false true true false 0 false false false true false false false false false false X 48 44 true false true false false false false true true false false false true true true true true true true true true X Marnie S Matthews 3367583201 PO Box 7201 WinstonSalem NC 27109 X Donna A Boswell PhD Board Chair 15.00 6.00 X 0 0 0 Diana M Adams Trustee 3.00 0.60 X 0 0 0 Shelmer D Blackburn Jr Comm Vice Chair 4.00 0.00 X 0 0 0 Jeanne Whitman Bobbitt Committee Chair 5.00 0.60 X 0 0 0 Peter C Brockway Trustee 3.00 1.00 X 0 0 0 Thomas W Bunn Comm Vice Chair 4.00 0.70 X 0 0 0 Bobby R Burchfield Board ViceChair 6.00 2.00 X 0 0 0 Jermyn M Davis Trustee 3.00 0.00 X 0 0 0 H Lawrence Culp Jr Trustee 3.00 2.60 X 0 0 0 David W Dupree Trustee 4.00 5.00 X 0 0 0 Thomas A Dingledine Comittee Chair 4.00 0.00 X 0 0 0 Cantey M Ergen Committee Chair 4.00 0.00 X 0 0 0 Eric W Eubank II Committee Chair 5.00 1.00 X 0 0 0 Curtis C Farmer Trustee 3.00 0.50 X 0 0 0 Mary R Farrell Trustee 4.00 0.00 X 0 0 0 Helen Hough Feinberg Trustee 3.00 0.00 X 0 0 0 Donald E Flow Committee Chair 5.00 8.00 X 0 0 0 Richard Alan Fox Trustee 3.00 0.00 X 0 0 0 Kathleen Brelsford French MD Trustee 3.00 2.00 X 0 0 0 Lawrence D Hopkins MD Trustee 3.00 37.00 X 0 310245 41264 James R Helvey III Comm Vice Chair 5.00 7.60 X 0 0 0 Alice Kirby Horton Trustee 3.00 0.00 X 0 0 0 Matthew A King Committee Chair 6.00 2.00 X 0 0 0 Deborah D Lambert Comm Chair, VC 6.00 0.00 X 0 0 0 John R Lowden Trustee 3.00 0.60 X 0 0 0 James J Marino Committee Chair 4.00 6.00 X 0 0 0 John A McAvoy Trustee 3.00 0.00 X 0 0 0 John K Medica Comm Vice Chair 4.00 0.60 X 0 0 0 Wade W Murphy Trustee 3.00 0.00 X 0 0 0 Ogden Phipps II Trustee 3.00 0.60 X 0 0 0 Steven S Reinemund Trustee 3.00 1.00 X 0 0 0 Gerald F Roach Board ViceChair 6.00 2.00 X 0 0 0 Sarah E Rudasill Trustee 3.00 0.00 X 601 0 0 Janice Kulynych Story Trustee 3.00 0.00 X 0 0 0 Mit B Shah Committee Chair 5.00 0.60 X 0 0 0 Michael J Selverian Sr Comm Vice Chair 4.00 0.00 X 0 0 0 Andrew J Schindler Comm Vice Chair 4.00 7.60 X 0 0 0 Adelaide A Sink Committee Chair 5.00 1.00 X 0 0 0 Cathy Wall Thomas MD Trustee 4.00 2.00 X 0 0 0 David I Wahrhaftig Comm Vice Chair 4.00 0.00 X 0 0 0 Benjamin C Sutton Jr Comm Vice Chair 4.00 1.00 X 0 0 0 John M Vann Trustee 3.00 2.00 X 0 0 0 Seth H Waugh Committee Chair 4.00 0.00 X 0 0 0 Katherine B Wright Comm Vice Chair 4.00 0.00 X 0 0 0 Charles Jeffrey Young Trustee 3.00 0.00 X 0 0 0 Harold O Rosser Trustee 3.00 0.60 X 0 0 0 Jane Love McGraw Trustee 3.00 0.00 X 0 0 0 Nathan O Hatch PhD President 29.00 11.00 X X 1023612 0 662475 J Reid Morgan S.VP, Sec, G.C. 19.70 20.30 X 560584 0 141933 John D McConnell MD EVPHlth-4/26/17 2.00 16.60 X 0 2031055 266426 Rogan Kersh PhD Provost 40.00 0.00 X 545213 0 145283 B Hofler Milam Exec VP & CFO 37.50 2.50 X 1135788 0 101445 Anita M Conrad Asst Secretary 21.00 19.00 X 176799 0 36047 Julie Ann Frieschlag MD EVPHlth 4/27/17 2.00 21.50 X 0 0 0 Charles L Iacovou Dean, School of Bus, FY15 40.00 0.00 X 448262 0 48161 Ronald D Wellman Director of Athletics 40.00 0.00 X 786122 0 362198 Mark A Petersen VP - Advancement 40.00 0.00 X 499861 0 73366 Michele Gillespie Dean, Wake Forest College 40.00 0.00 X 289901 0 60167 David P Clawson Football Coach 40.00 0.00 X 1792831 0 38749 Michael Elko Asst F'ball Coach 40.00 0.00 X 548746 0 38287 Daniel R Manning Basketball Coach 40.00 0.00 X 1793111 0 37249 Ajay Patel Prof, Sch of Busns 40.00 0.00 X 398567 0 108479 Andrew R Chan VP Career Devel 40.00 0.00 X 409120 0 99415 Mark E Welker PhD Former Interim Provost 40.00 0.00 X 240043 0 42678 James J Dunn Former Chief Invest Officr 0.00 40.00 X 0 783475 19978 10649161 3124775 2323600 444 true true false Frank L Blum Construction Company 830 25th St NE WinstonSalem NC 27105 Construction 50928577 Aramark Campus Services 1101 Market St 12th Fl Philadelphia PA 19107 Food Service 19292874 IL Long Construction Co Inc 4117 Indiana Avenue Winston Salem NC 27105 Construction 17939353 NCS Pearson Inc 13036 Collections Center Drive Chicago IL 60693 Subscription Service 4410682 EBSCO Subscription Services 6800 Versar Center Suite 131 Springfiels VA 22151 Subscription Service 2910588 124 1354480 2244927 10259509 142100306 27443401 155959222 Athletic Programs 711210 34403627 34403627 Organized Activities 515100 8743774 7795922 77132 870720 Student Health Services 621400 3159631 3159631 Student Housing & Dining 721310 39791499 39791499 Tuition and Fees 611310 319700383 319700383 4963327 2260915 563453 2138959 410762241 49353390 2866127 46487263 0 2914100 2914100 10411292 9709046 702246 702246 702246 435818695 552500 412606165 133887 23212530 418613 23631143 418613 23212530 45643 1354480 121392 -75749 -75749 0 9030507 2241301 6789206 3069278 3719928 Athletic Advertising 541800 29525 29525 Indoor Tennis Club 713940 178233 178233 Winston Salem Tennis Open 711210 454774 454774 662532 650698331 404370959 7238522 83129628 4977073 4977073 105753604 105753604 903741 903741 0 5196517 1027279 2880975 1288263 0 184806657 143230441 30341844 11234372 14202500 10740700 2514146 947654 24306617 17420322 5100813 1785482 12797800 9678390 2265484 853926 0 423209 16625 396584 10000 204361 9200 195161 0 1583833 1583833 6410441 4189927 2220514 22536596 16682124 5650545 203927 4623596 3026390 415039 1182167 21911597 16634840 3227287 2049470 2365022 1992480 226024 146518 0 13213038 9097447 3887891 227700 12318794 10845219 405303 1068272 0 3006699 2205563 567187 233949 11306259 4296002 7010257 0 32679109 30501257 757170 1420682 2115449 1001322 1015259 98868 Library, Books & Subscriptions 7234197 7114930 27424 91843 Auxiliary Enterprises 4013284 3814560 197639 1085 Non Capital Equip & Furnishing 3026916 1994250 1001621 31045 Miscellaneous 291480 -56750 286528 61702 -4520384 10960601 -15550863 69878 497688005 418057537 55039832 24590636 0 58523964 53774535 120073485 184636117 9588275 9698107 390000 570000 0 27962508 26539697 628756 687889 3899315 5088089 996813487 421988753 509860191 574824734 214072138 512619624 662197396 451988616 0 0 4055677 4435509 1611251705 1824862917 49230909 46883775 9447068 9360770 24655984 30581787 137900000 180375000 754863 795297 53965886 50995451 125000000 125000000 91282926 97303405 492237636 541295485 X 497148546 566385433 338059637 347404393 283805886 369777606 1119014069 1283567432 1611251705 1824862917 153010326 11543037 X false true X true true true X 97889217 93868783 87133767 72144441 157306803 508343011 0 0 97889217 93868783 87133767 72144441 157306803 508343011 57287109 451055902 32969302 24833246 25521576 19388703 62678782 165391609 1618183 1974386 2189568 5782137 0 679516757 1893223064 0.66380 0.77520 X Part I: Additional Information 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 8625 false false 8625 false false Part II-B, Line 1i - Other Activities Description 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. X X X false true 8254014 2916131 5337883 true X 656509662 19439767 52606427 16960403 17199348 5279562 689116543 681921800 13348075 1264626 17115679 17696558 5212602 656509662 682432627 17630121 14391190 16708857 10462540 5360741 681921800 630580382 18658099 61345143 17125125 9464087 1561785 682432627 586318598 34222614 39951119 12712804 15742738 1456407 630580382 0.28980 0.39210 0.31810 false true true 698912 13236354 13935266 56120239 482908517 187504076 351524680 208922033 131399218 77522815 152040802 100108484 51932318 82886630 2976975 79909655 574824734 451988616 Annuities payable 23960764 Bond premium 18757491 Other liabilities and deferral 41725102 Postretirement benefits 12860048 97303405 X 552487180 11543037 12071739 23614776 528872404 6414639 115411288 121825927 650698331 387933817 12071739 12071739 375862078 6414639 115411288 121825927 497688005 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 true true true true true true true false false false false false false false false true false true 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 true Ctr America & Caribbean 1 2 Program Service Study Abroad 144403 Europe & North Atlantic 0 0 Program Service Services 4411 Europe & North Atlantic 0 0 Program Service Research 692584 East Asia & Pacific 0 0 Program Service Research 109486 East Asia & Pacific 1 2 Program Service Study Abroad 119561 Europe & North Atlantic 6 34 Program Service Study Abroad 3861093 Europe & North Atlantic 0 0 Program Service Conferences 297842 Ctr America & Caribbean 0 0 Program Service Research 38107 East Asia & Pacific 0 0 Program Service Services 2770 Middle East & North Africa 0 0 Program Service Research 16281 Sub-Saharan Africa 1 4 Program Service Research 160368 North America 0 0 Program Service Conferences 63813 North America 0 0 Program Service Research 47143 South America 1 5 Program Service Study Abroad 401260 Europe & North Atlantic 0 0 Program Service Depr'n on foreign assets 272921 South America 2 60 Program Service Research 889551 South America 0 0 Program Service Conferences 26301 Sub-Saharan Africa 0 0 Program Service Serv/Educ Trips 3000 South America 0 0 Program Service Services 510 Europe & North Atlantic 0 0 Prog-Related Assets Book Value 3080392 South Asia 0 0 Program Services Study Abroad 128040 Sub-Saharan Africa 0 0 Prog-Related Assets Book Value 1538 South America 0 0 Program Services Depr'n on foreign assets 14765 Europe & North Atlantic 0 0 Program Services Recruiting 20871 Ctr America & Caribbean 0 0 Fundraising 362 Ctr America & Caribbean 0 0 Program Services Serv/Educ Trips 27116 Europe & North Atlantic 0 0 Fundraising 61801 Europe & North Atlantic 0 0 Program Services Serv/Educ Trips 23582 East Asia & Pacific 0 0 Program Service Conference 37524 East Asia & Pacific 0 0 Program Service Recruiting 11989 East Asia & Pacific 0 0 Fundraising 17438 Middle East & North Africa 0 0 Program Service Conferences 7573 Ctr America & Caribbean 0 0 Program Service Conferences 7809 Middle East & North Africa 0 0 Program Service Study Abroad 5969 North America 0 0 Program Services Services 1370 North America 0 0 Program Services Recruiting 1031 South America 0 0 Program Services Recruiting 9662 South Asia 0 0 Program Services Conferences 7054 South Asia 0 0 Program Services Recruiting 3745 South Asia 0 0 Program Services Research 5372 Sub-Saharan Africa 0 0 Program Services Conferences 11494 Russia & the Ind States 0 0 Program Services Conferences 12706 Europe & North Atlantic 0 0 Investments Book Value 168285 East Asia & Pacific 0 0 Investments Book Value 673139 Sub-Saharan Africa 0 0 Program Service Depr'n on foreign assets 1420 Sub-Saharan Africa 0 0 Program Service Study Abroad 17832 South America 0 0 Prog-Related Assets Book Value 88896 North America 0 0 Program Services Study Abroad 3788 12 107 12 107 7147895 4456073 11603968 East Asia & Pac Research Subcon 74068 Check/wire East Asia & Pac Stdt Exch Prog 24373 Check/wire Europe & N Atl Research Subcon 539259 Check/wire Europe & N Atl Study Abroad 879368 Check/wire North America Research Subcon 43798 Check/wire 19 Student scholarships Europe & N Atlantic 5 39056 Check/wire true false true true true true 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. X X X X X X X true JHE Productions 6427 Saddle Crk Harrisburg NC 28075 Event Consulting false 387020 Honestly LLC 1589 Skeet Club Road High Point NC 27265 Campaign consulting false 190091 Briggs Inc 1501 Broadway New York NY 10036 Campaign Event false 136793 Linder & Associates 2150 Wisconsin Avenue Washington DC 20007 Campaign Event false 109633 Lamphier Post Office Box 26029 Greensboro NC 27420 Marketing & Consulting false 50010 Joel W Bowers 1920 Pacific Av San Fran CA 94109 Campaign Videos false 46000 ON Services - AV Speciali 4238 Piedmont Parkway Greensboro NC 27410 Event AV Services false 35196 Radius GMR LLC 120 5th Avenue New York NY 10011 Research Consultant false 33000 PW Feats 3 E Read St Baltimore MD 21202 Campaign Events false 25200 Muddy Creek Motorsports 195 Altay Drive Winston Salem NC 27106 Promotional Services false 17945 1030888 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MA MD MI MN MO MS MT NE NV NH NJ NM NC NY ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC WFDD Events 1347580 1347580 14336 1240 40630 Athletics Dinner/Pro AM 36446 36446 12314 16751 13693 2926 2 16097 6900 9197 4920 184 14398 1400123 1354480 45643 31570 18175 13693 57954 121392 -75749 true Auburn University PO Box 244023 Montgomery AL 36124 636000724 115 54721 0 Research Subcontract Boston College 140 Commonwealth Ave Chestnut Hill MA 02467 042103545 501(c)(3) 15500 0 Research subcontract Brigham & Womens Hospital 75 Francis street Boston MA 02115 042312909 501(c)(3) 74116 0 Research Subcontract Cornell University 341 Pine Tree Road Ithaca NY 14850 150532082 501(c)(3) 73343 0 Research Subcontract East Carolina University 1001 East 5th Street Greenville NC 27858 566000403 115 11539 0 Research Subcontract Georgia Tech Foundation 760 Spring St NW Ste 400 Atlanta GA 30308 586043294 501(c)(3) 22500 0 Research Subcontract Johns Hopkins University 3910 Keswick Road NO N4327B Baltimore MD 21211 520595110 501(c)(3) 100781 0 Research Subcontract Law School Transparency Inc 607 James Doak Pkwy Greensboro NC 27455 231352651 501(c)(3) 6500 0 Charitable Contribution Leadership Winston-Salem 624 W Sixth St Ste 110 WinstonSalem NC 27101 581574887 501(c)(3) 5800 0 Sponsorship General Support Medical College of Wisconsin 8701 Watertown Plank Road Milwaukee WI 53226 390806261 501(c)(3) 19176 0 Research Subcontract National Cycling Center Inc 145 Kiel Park Drive WinstonSalem NC 27109 472950622 501(c)(3) 10000 0 Contribution General Support National Football Foundation 433 Las Colinas Blvd Ste 113 Irving TX 75039 221508812 501(c)(3) 8000 0 Charitable Contrib Neighbors For Better Neighbor 502 N Broad St WinstonSalem NC 27101 311598244 501(c)(3) 10000 0 Charitable Contribution North Carolina State University Office-Grants Contracts Box 7214 Raleigh NC 27695 566000756 115 61620 0 Research Subcontract Old Hickory Council BSA 6600 Silas Creek Parkway WinstonSalem NC 27106 560529985 201(c)(3) 14336 0 Charitable Contribution Reynolda House Inc PO Box 7287 WinstonSalem NC 27109 560810676 501(c)(3) 405000 0 Operations Support Take the Fight Inc 6200 Lans Gate Road Midlothian VA 23112 042103612 501(c)(3) 7300 0 Charitable Contribution Trustees of Dartmouth College 7 Lebanon St Ste 302 No 6015 Hanover NH 03755 020222111 501(c)(3) 36000 0 Research Subcontract UNC Asheville CPO 1335 One University Hts Asheville NC 28804 566002370 115 15000 0 Sponsorship General Support UNC Chapel Hill 208 West Franklin Street Chapel Hill NC 27599 566001393 115 682139 0 Research subcontract University of Denver 2199 S University Blvd Denver CO 80208 840404231 501(c)(3) 103400 0 Research Subcontract University of Georgia Res Fdn 324 Bus Svcs 456 East Rd Athens GA 30602 581353149 501(c)(3) 48046 0 Research Subcontract University of Missouri 118 University Hall Columbia MO 65211 436003859 115 9302 0 Research Subcontract University of Pennsylvania 3451 Walnut Street Philadelphia PA 19104 231352685 501(c)(3) 191102 0 Research Subcontract University of Pittsburgh 116 Atwood Street Pittsburgh PA 15256 250965591 501(c)(3) 30434 0 Research Subcontract University of Scranton 800 Linden Street Scranton PA 18510 240795495 501(c)(3) 83700 0 Research Subcontract University of St Thomas 2115 Summit Ave St Paul MN 55105 410693970 501(c)(3) 22500 0 Research Subcontract University of Virginia 580 Massie Rd Charlottesville VA 22903 546001796 501(c)(3) 20000 0 Charitable Contribution University of Virginia 580 Massie Rd Charlottesville VA 22903 546001796 501(c)(3) 52477 0 Research Subcontract Vanderbilt University PO Box 6310 Sta B Nasville TN 37235 620476822 501(c)(3) 27496 0 Research Subcontract Villanova University 800 Lancaster Avenue Villanova PA 19085 231352688 501(c)(3) 63146 0 Research Subcontract Wake Forest College Birthplace Society PO Box 494 Wake Forest NC 27588 566072013 501(c)(3) 80391 0 Operations Support Whitworth University 300 W Hawthorne Rd Spokane WA 99251 910473310 501(C)(3) 43920 0 Research Subcontract Winston Salem Business Inc 1080 W Fourth Street WinstonSalem NC 27101 510436665 501(c)(3) 10000 0 Support Local Econ Dev'mt Winston-Salem Foundation 751 W Fourth Streetq WinstonSalem NC 27101 566037615 501(c)(3) 100500 0 Charitable Contribution YMCA of Northwest NC 301 N Main St WinstonSalem NC 27101 560530015 501(c)(3) 66330 0 Research Subcontract YWCA of Winston-Salem 313 Indera Mills Court WinstonSalem NC 27101 560564345 501(c)(3) 5032 0 Charitable Contribution 37 0 Departmental Scholarships 1150 1317872 Grants for Student Travel 481 150981 General Tuition Scholarships 3249 84592778 Univ. charges Tuition discounts Tuition Concessions 131 4256870 Univ. charges Direct tuition payments Athletic Tuition Awards 304 11548313 Univ. charges Tuition discounts ROTC Scholarships 31 153040 Athletic Room & Board 223 3763855 Study Abroad Scholarships 272 1115983 1924578 Univ. charges WFU Program payments Third Party Scholarships 670 195167 3311107 Univ. charges Direct tuition payments Grantmaker's Description of How Grants are Used 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. X X X X X X X true true X X X X X X false true false false false false false true false false Ajay Patel Prof, Sch of Busns 384809 13758 26500 81979 507046 Andrew R Chan VP Career Devel 358163 40000 10957 69875 29540 508535 Anita M Conrad Asst Secretary 171502 5000 297 17896 18151 212846 B Hofler Milam Exec VP & CFO 485822 40000 609966 76500 24945 1237233 517354 Charles L Iacovou Dean, School of Bus, FY15 411092 30000 7170 26500 21661 496423 Daniel R Manning Basketball Coach 1764596 28515 13250 23999 1830360 David P Clawson Football Coach 1759763 33068 13250 25499 1831580 J Reid Morgan S.VP, Sec, G.C. 459486 40000 61098 64000 77933 702517 James J Dunn Former Chief Invest Officr 557475 226000 4478 15500 803453 224434 John D McConnell MD EVPHlth-4/26/17 1026651 434548 569856 247313 19113 2297481 Lawrence D Hopkins MD Trustee 257715 44244 8286 22355 18909 351509 Mark A Petersen VP - Advancement 432903 40000 26958 52282 21084 573227 Mark E Welker PhD Former Interim Provost 239710 333 24765 17913 282721 Michael Elko Asst F'ball Coach 539613 9133 13250 25037 587033 Michele Gillespie Dean, Wake Forest College 261575 21626 6700 26500 33667 350068 Nathan O Hatch PhD President 862932 90000 70680 598507 63968 1686087 Rogan Kersh PhD Provost 485161 43555 16497 119875 25408 690496 Ronald D Wellman Director of Athletics 740157 45965 341575 20623 1148320 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. A NC Capital Facs Fin Agcy 561592154 65818PHB8 2009-05-28 112612190 See Sch K, Part VI false false false B NC Capital Facs Fin Agcy 561592154 65818PEC9 2004-12-21 36605000 See Sch K, Part VI, Ser A false false false C NC Capital Facs Fin Agcy 561592154 65818PEB1 2004-12-21 30760000 See Sch K, Part VI, Ser B false false false D NC Capital Facs Fin Agcy 561592154 65818PKVO 2016-07-22 190092829 See Sch K, Part VI,Series 2016 false false false A 110000000 113514794 5935159 1108136 66025088 40446411 2013 true false true true B 19060000 36605000 300161 36304839 2001 true false true true C 27030000 30760000 270000 30490000 1999 false true true true D 190208319 2170879 121699410 1214783 51662465 13460783 true true false A false true true true false true 0.00150 0.00150 false false true D false true true true false true 0.00210 0.00500 0.00710 false false true A false false false true false false true true B false false true true false false false true C false false false true true See Part V 8.5000 false true false false true D false false false true false false true true A true B true C true D true Part VI 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. David P Clawson Coach Insurance X 555000 false false true 555000 Not required See Part V 67662 Tuition Waiv Education Not Required See Part V 83093 Scholarships Education Julia Hatch See Part V 65805 Compensation false Angela J Lynde See Part V 34520 Compensation false Muriel Hopkins See Part V 13320 Compensation false Addison Sutton See Part V 38214 Compensation false Schedule L, Part V Supplemental Information 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. X 5730 Market Value X 188 127388 Sale proceeds X 616 26730648 Market Value X 1 25848 Annuity NPV X 197 61999 Retail X Computer Equip 3 152230 FMV X Furniture 2 40558 FMV X Courtesy Cars 34 299000 Rental Value 3 false true true Part I, Line 32, Hire and Use of Third Parties 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. 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. 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 -25098 6380 NA Verger Fund I LLC PO Box 7354 Winston Salem NC 27109 Holding Verger Capital Fund DE 56694125 782327064 NA Wake Forest University Spain SL C/Toro 84-90 Oficina Izquierda Salamanca Salamanca SP 37120 study abroad educ. activities SP -21141 26503 NA Wake Forest University Chile SpA Santa Lucia 280 Oficina 12 Santiago Santiago CI Study Abroad CI -1956 190939 NA 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 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 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 true Reynolda House Inc PO Box 7287 WinstonSalem NC 27109 560810676 Museum of American Art NC 501(c)(3) Line 7 Wake Forest University 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 Verger Capital Management LLC PO Box 7354 Winston Salem NC 27109 464037343 Asset Management DE Wake Forest Univ Excluded 190504 5281889 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 56694125 782327064 false 2980744 false 0.62681 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 WFU - 7 CRUT PO Box 7201 WinstonSalem NC 27109 912129902 Investment NC WFU T 384890 0.62700 false WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 582175582 Investment NC WFU T 34138 0.71470 false WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 566473036 Investment NC WFU T 161456 0.71470 false WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 911832851 Investment NC WFU T 369678 0.71470 false WFU - 6375 CRUT PO Box 7201 WinstonSalem NC 27109 566459446 Investment NC WFU T 91143 0.62570 false WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 900237204 Investment NC WFU T 196270 0.71470 false WFU - 7 CRUT PO Box 7201 WinstonSalem NC 27109 582045283 Investment NC WFU T 215559 0.59080 false WFU - 79 CRAT PO Box 7201 WinstonSalem NC 27109 566555544 Investment NC WFU T 389505 0.71540 false WFU - 65 CRUT PO Box 7201 WinstonSalem NC 27019 566476872 Investment NC WFU T 123379 0.59070 false WFU - 75 CRUT PO Box 7201 WinstonSalem NC 27109 582175575 Investment NC WFU T 62883 0.56080 false WFU - 5 CRUT PO Box 7201 WinstonSalem NC 27109 456782977 Investment NC WFU T 178478 0.53560 false WFU - 8 CRUT PO Box 7201 WinstonSalem NC 27109 912131579 Investment NC WFU T 58410 0.81130 false WFU - 5 CRUT PO Box 7201 WinstonSalem NC 27109 566562122 Investment NC WFU T 53256 0.70390 false WFU - 8 CRUT PO Box 7201 WinstonSalem NC 27109 566513104 Investment NC WFU T 93784 0.53020 false WFU - 7 CRUT PO Box 7201 WinstonSalem NC 27109 912129220 Investment NC WFU T 136044 0.52150 false WFU - 8 CRUT PO Box 7201 WinstonSalem NC 27109 586354408 Investment NC WFU T 67021 0.53010 false Charitable Remainder Trusts Medical Center Boulevard Winston Salem NC 27157 Investment NC WFU Health Sciences T false true true true true false false false false false true false false true true true true true true true Wake Forest University Foundation o 85712 FMV allocation Wake Forest University Health Sciences c 1738627 Cash Transfer Wake Forest University Health Sciences p 3054408 Cash Transfer Wake Forest University Health Sciences q 7274744 Cash Transfer Wake Forest University Development Fndn c 506300 Cash Wake Forest University Development Fndn o 80123 FMV allocation Reynolda House Inc b 405000 Cash support Reynolda House Inc q 262117 Cash Transfer The James W Denmark Loan Fund Inc s 40300 Cash transfer Verger Capital Management LLC a 61999 Interest Pymt Verger Capital Management LLC d 269687 Loan repayment Verger Capital Management LLC j 158588 Cash rent Verger Capital Management LLC m 2221102 Inv Mgmt Fees Verger Capital Management LLC q 2881862 Cash reimb Verger Capital Fund LLC r 19439767 Cash Transfer Verger Capital Fund LLC s 39439313 Cash Transfer 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.