WAKE FOREST UNIVERSITY: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: WAKE FOREST UNIVERSITY (EIN 56-0532138)
Tax period: 2015-07-01 to 2016-06-30
Filed: 2017-05-12
IRS object ID: 201741329349304304
Schema version: 2015v3.0
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	2017-05-12T11:18:12-07:00	ReturnTs
Tax Period End	2016-06-30	TaxPeriodEndDt
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-07-01	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	2017-05-12	SignatureDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2021-01-29 14:40:06Z	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	$1,069,580,238	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	44	VotingMembersGoverningBodyCnt
Voting Members Independent	43	VotingMembersIndependentCnt
Total Employee	5838	TotalEmployeeCnt
Total Volunteers	2150	TotalVolunteersCnt
Total Gross UBI	$7,146,695	TotalGrossUBIAmt
PY Contributions Grants	$87,133,767	PYContributionsGrantsAmt
CY Contributions Grants	$72,144,441	CYContributionsGrantsAmt
PY Program Service Revenue	$381,697,611	PYProgramServiceRevenueAmt
CY Program Service Revenue	$390,975,440	CYProgramServiceRevenueAmt
PY Investment Income	$60,617,468	PYInvestmentIncomeAmt
CY Investment Income	$8,347,525	CYInvestmentIncomeAmt
PY Other Revenue	$11,567,523	PYOtherRevenueAmt
CY Other Revenue	$10,832,447	CYOtherRevenueAmt
PY Total Revenue	$541,016,369	PYTotalRevenueAmt
CY Total Revenue	$482,299,853	CYTotalRevenueAmt
PY Grants And Similar Paid	$98,145,184	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$106,335,893	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$219,995,538	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$231,450,749	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$1,915,027	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$1,565,521	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$24,312,189	CYTotalFundraisingExpenseAmt
PY Other Expenses	$133,272,514	PYOtherExpensesAmt
CY Other Expenses	$138,727,673	CYOtherExpensesAmt
PY Total Expenses	$453,328,263	PYTotalExpensesAmt
CY Total Expenses	$478,079,836	CYTotalExpensesAmt
PY Revenues Less Expenses	$87,688,106	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,220,017	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,567,238,243	TotalAssetsBOYAmt
Total Assets EOY	$1,611,251,705	TotalAssetsEOYAmt
Total Liabilities BOY	$445,378,214	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$492,237,636	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,121,860,029	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,119,014,069	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	$233,873,775	ExpenseAmt
Grant	$88,096,511	GrantAmt
Revenue	$306,450,023	RevenueAmt
Desc	Instruction of approximately 7,481 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 visiting students from 51 different countries. More than 60% 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. 58.9% of the graduate and undergraduate student population received financial aid awards. Approximately 4,409 students received scholarships or grants from the institution during the year.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$98,026,924	ExpenseAmt
Grant	$15,629,326	GrantAmt
Revenue	$92,744,965	RevenueAmt
Desc	Wake Forest maintains campus bookstores, housing and dining facilities, mail services and other program services, including Athletics. Athletic scholarships provided funding for 304 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	$45,908,008	ExpenseAmt
Grant	$772,523	GrantAmt
Revenue	$2,350,960	RevenueAmt
Desc	Wake Forest University maintains a campus with academic buildings, research laboratories, student dormitories, with 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	$23,720,523	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$1,837,533	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$8,059,519	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$401,529,230	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	Yes (true)	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (true)	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	10234	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	5838	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	44	GoverningBodyVotingMembersCnt
Independent Voting Member	43	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	Yes (true)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (true)	WrittenPolicyOrProcedureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	Marnie S Matthews	PersonNm
Phone	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 (62 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	12.00	6.00	Yes (X)	$0	$0	$0
Diana M Adams
Committee Chair	3.00	1.20	Yes (X)	$0	$0	$0
W Louis Bissette Jr
Committee Chair	6.00	0.00	Yes (X)	$0	$0	$0
Jeanne Whitman Bobbitt
Comm Vice Chair	5.00	0.00	Yes (X)	$0	$0	$0
John I Bitove Jr
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Thomas W Bunn
Comm Vice Chair	5.00	2.50	Yes (X)	$0	$0	$0
Bobby R Burchfield
Board ViceChair	6.00	2.00	Yes (X)	$0	$0	$0
Jocelyn Burton
Committee Chair	4.00	0.00	Yes (X)	$0	$0	$0
H Lawrence Culp Jr
Trustee	3.00	1.20	Yes (X)	$0	$0	$0
David W Dupree
Trustee	4.00	3.00	Yes (X)	$0	$0	$0
Gerald F Roach
Board ViceChair	6.00	2.00	Yes (X)	$0	$0	$0
Thomas A Dingledine
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Cantey M Ergen
Committee Chair	5.00	0.00	Yes (X)	$0	$0	$0
Eric W Eubank II
Committee Chair	6.00	2.50	Yes (X)	$0	$0	$0
Lisbeth Clark Evans
Committee	5.00	0.00	Yes (X)	$0	$0	$0
Curtis C Farmer
Trustee	4.00	1.50	Yes (X)	$0	$0	$0
Lelia J Farr
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Mary R Farrell
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Donald E Flow
Committee Chair	6.00	8.00	Yes (X)	$0	$0	$0
Kathleen Brelsford French MD
Trustee	3.00	2.00	Yes (X)	$0	$0	$0
James R Helvey III
Comm ViceChair	5.00	8.50	Yes (X)	$0	$0	$0
Frank B Holding Jr
Trustee	4.00	1.50	Yes (X)	$0	$0	$0
Millicent S Hennessey
Trustee	3.00	0.00	Yes (X)	$2,711	$0	$0
Alice Kirby Horton
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Albert R Hunt
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
A Dale Jenkins
Ttee-to 1/12/16	3.00	0.00	Yes (X)	$0	$0	$0
Matthew A King
Committee Chair	5.00	2.00	Yes (X)	$0	$0	$0
Deborah D Lambert
Committee Chair	6.00	0.00	Yes (X)	$0	$0	$0
John M McAvoy
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
David I Wahrhaftig
Comm Vice Chair	5.00	0.00	Yes (X)	$0	$0	$0
John K Medica
Trustee	4.00	1.50	Yes (X)	$0	$0	$0
Wade W Murphy
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Ogden Phipps II
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Steven S Reinemund
Trustee	3.00	1.00	Yes (X)	$0	$0	$0
Mit B Shah
Comm ViceChair	4.00	1.50	Yes (X)	$0	$0	$0
Michael J Selverian Sr
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Andrew J Schindler
Comm Vice Chair	4.00	8.50	Yes (X)	$0	$0	$0
Adelaide A Sink
Committee Chair	5.00	1.00	Yes (X)	$0	$0	$0
Cathy Wall Thomas MD
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Lloyd P Tate Jr
Committee Chair	4.00	1.00	Yes (X)	$0	$0	$0
Benjamin C Sutton Jr
Comm ViceChair	4.00	1.00	Yes (X)	$0	$0	$0
John M Vann
Trustee	4.00	2.00	Yes (X)	$0	$0	$0
Seth H Waugh
Committee Chair	5.00	0.00	Yes (X)	$0	$0	$0
Katherine B Wright
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Charles Jeffrey Young
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
John D McConnell MD
ExecVP HlthAff	2.00	16.70		$0	$2,031,489	$252,556	Yes (X)
Anita M Conrad
Asst Secretary	20.00	20.00		$168,791	$0	$34,394	Yes (X)
Nathan O Hatch PhD
President	29.00	11.00		$3,941,320	$0	$287,707	Yes (X)
J Reid Morgan
S.VP, Sec, G.C.	24.00	16.00		$510,246	$0	$97,801	Yes (X)
Rogan Kersh PhD
Provost	40.00	0.00		$753,909	$0	$89,949	Yes (X)
B Hofler Milam
Exec VP & CFO	37.50	2.50		$491,537	$0	$191,137	Yes (X)
Charles L Iacovou
Dean, School of Bus, FY15	40.00	0.00		$443,577	$0	$46,362		Yes (X)
Ronald D Wellman
Director of Athletics	40.00	0.00		$767,689	$0	$338,426		Yes (X)
Mark A Petersen
VP - Advancement	40.00	0.00		$467,970	$0	$134,800		Yes (X)
Michele Gillespie
Dean, Wake Forest College	40.00	0.00		$215,757	$0	$53,856		Yes (X)
David P Clawson
Football Coach	40.00	0.00		$1,789,226	$0	$38,144			Yes (X)
Michael Elko
Asst F'ball Coach	40.00	0.00		$354,998	$0	$36,893			Yes (X)
Daniel R Manning
Basketball Coach	40.00	0.00		$1,712,884	$0	$35,994			Yes (X)
Ajay Patel
Prof, Sch of Busns	40.00	0.00		$376,503	$0	$102,451			Yes (X)
Michelle Roehm
V Dean Sch of Bus	40.00	0.00		$361,797	$0	$41,582			Yes (X)
Mark E Welker PhD
Former Interim Provost	40.00	0.00		$232,910	$0	$41,858				Yes (X)
James J Dunn
Former Chief Invest Officr	0.00	40.00		$0	$840,953	$291,753				Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$12,591,825	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$2,872,442	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,115,663	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	431	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	$17,698,111
Aramark Campus Services
1101 Market St 12th Fl	Philadelphia	PA	19107	Food Service	$20,684,009
NCS Pearson
13036 Collections Center Drive	Chicago	IL	60693	Subscription Service	$3,550,027
IL Long Construction Co
4117 Indiana Ave	WinstonSalem	NC	27115	Construction	$18,767,983
EBSCO Subscription Service
6800 Versar Center Suite 131	Springfiels	VA	22151	Subscription Service	$2,777,376

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	96	CntrctRcvdGreaterThan100KCnt
Fundraising	$809,955	FundraisingAmt
Related Organizations	$1,577,410	RelatedOrganizationsAmt
Government Grants	$8,059,519	GovernmentGrantsAmt
All Other Contributions	$61,697,557	AllOtherContributionsAmt
Noncash Contributions	$5,976,595	NoncashContributionsAmt
Total Contributions	$72,144,441	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Athletic Programs	711210	$30,266,341	$29,108,469	$1,157,872
Organized Activities	515100	$7,776,975	$7,116,501	$653,351	$7,123
Student Health Services	621400	$2,917,648		$2,917,648
Student Housing & Dining	721310	$37,950,807	$37,950,807
Tuition and Fees	611310	$306,450,023	$306,450,023

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,613,646	TotalRevenueColumnAmt
Related Or Exempt Func Income	$795,113	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$1,084,372	UnrelatedBusinessRevenueAmt
Exclusion	$3,734,161	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$390,975,440	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,548,659	TotalRevenueColumnAmt
Unrelated Business Revenue	$1,613,716	UnrelatedBusinessRevenueAmt
Exclusion	$4,934,943	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	$2,739,304	TotalRevenueColumnAmt
Exclusion	$2,739,304	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$10,100,740	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$9,827,780	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$272,960	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$272,960	TotalRevenueColumnAmt
Exclusion	$272,960	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$575,185,690	SecuritiesAmt
Other	$1,581,372	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$573,387,062	SecuritiesAmt
Other	$1,581,134	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$1,798,628	SecuritiesAmt
Other	$238	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,798,866	TotalRevenueColumnAmt
Exclusion	$1,798,866	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$132,491	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$809,955	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$143,512	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$11,021	TotalRevenueColumnAmt
Exclusion	-$11,021	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	$9,544,031	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$2,340,897	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,203,134	TotalRevenueColumnAmt
Unrelated Business Revenue	$3,813,414	UnrelatedBusinessRevenueAmt
Exclusion	$3,389,720	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Athletic Advertising	541800	$27,525	$27,525
Indoor Tennis Club	713940	$167,980	$167,980
Winston Salem Tennis Open	711210	$432,565	$432,565

Field	Value	IRS element (for citing)
Other Revenue Total	$628,070	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$482,299,853	TotalRevenueColumnAmt
Related Or Exempt Func Income	$381,420,913	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$7,146,695	UnrelatedBusinessRevenueAmt
Exclusion	$21,587,804	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,568,947	TotalAmt
Program Services	$1,568,947	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$104,146,958	TotalAmt
Program Services	$104,146,958	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$619,988	TotalAmt
Program Services	$619,988	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

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

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$7,596,541	TotalAmt
Program Services	$1,307,573	ProgramServicesAmt
Management And General	$4,002,366	ManagementAndGeneralAmt
Fundraising	$2,286,602	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	$175,098,818	TotalAmt
Program Services	$144,116,311	ProgramServicesAmt
Management And General	$21,035,153	ManagementAndGeneralAmt
Fundraising	$9,947,354	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$14,257,136	TotalAmt
Program Services	$11,311,489	ProgramServicesAmt
Management And General	$1,978,770	ManagementAndGeneralAmt
Fundraising	$966,877	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$22,213,768	TotalAmt
Program Services	$16,963,534	ProgramServicesAmt
Management And General	$3,630,278	ManagementAndGeneralAmt
Fundraising	$1,619,956	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$12,284,486	TotalAmt
Program Services	$9,746,406	ProgramServicesAmt
Management And General	$1,704,983	ManagementAndGeneralAmt
Fundraising	$833,097	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	$209,050	TotalAmt
Program Services	$43,753	ProgramServicesAmt
Management And General	$165,297	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$201,014	TotalAmt
Program Services	$11,369	ProgramServicesAmt
Management And General	$189,645	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	$1,565,521	TotalAmt
Fundraising	$1,565,521	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$6,070,978	TotalAmt
Program Services	$4,038,454	ProgramServicesAmt
Management And General	$2,032,524	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$17,097,336	TotalAmt
Program Services	$12,974,626	ProgramServicesAmt
Management And General	$3,978,222	ManagementAndGeneralAmt
Fundraising	$144,488	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$5,320,290	TotalAmt
Program Services	$3,919,744	ProgramServicesAmt
Management And General	$210,020	ManagementAndGeneralAmt
Fundraising	$1,190,526	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$17,028,371	TotalAmt
Program Services	$13,167,682	ProgramServicesAmt
Management And General	$2,713,553	ManagementAndGeneralAmt
Fundraising	$1,147,136	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$3,354,668	TotalAmt
Program Services	$1,956,182	ProgramServicesAmt
Management And General	$1,235,695	ManagementAndGeneralAmt
Fundraising	$162,791	FundraisingAmt

Royalties RoyaltiesGrp

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

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$11,007,048	TotalAmt
Program Services	$6,762,601	ProgramServicesAmt
Management And General	$3,972,694	ManagementAndGeneralAmt
Fundraising	$271,753	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$13,428,910	TotalAmt
Program Services	$11,800,875	ProgramServicesAmt
Management And General	$477,406	ManagementAndGeneralAmt
Fundraising	$1,150,629	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	$3,324,565	TotalAmt
Program Services	$2,572,594	ProgramServicesAmt
Management And General	$594,747	ManagementAndGeneralAmt
Fundraising	$157,224	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$12,278,286	TotalAmt
Program Services	$184,229	ProgramServicesAmt
Management And General	$12,094,057	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

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

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$31,387,376	TotalAmt
Program Services	$27,127,084	ProgramServicesAmt
Management And General	$2,861,996	ManagementAndGeneralAmt
Fundraising	$1,398,296	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$1,872,761	TotalAmt
Program Services	$915,469	ProgramServicesAmt
Management And General	$931,901	ManagementAndGeneralAmt
Fundraising	$25,391	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Library, Books & Subscriptions	$6,745,769	$6,658,538	$26,179	$61,052
Non Capital Equip & Furnishing	$3,478,194	$1,847,793	$1,511,285	$119,116
Auxiliary Enterprises	$2,772,317	$2,738,787	$33,530
Printing and Publications	$2,034,923	$1,284,425	$60,155	$690,343

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,115,817	TotalAmt
Program Services	$13,743,819	ProgramServicesAmt
Management And General	-$13,202,039	ManagementAndGeneralAmt
Fundraising	$574,037	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$478,079,836	TotalAmt
Program Services	$401,529,230	ProgramServicesAmt
Management And General	$52,238,417	ManagementAndGeneralAmt
Fundraising	$24,312,189	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	$46,358,173	BOYAmt
EOY	$58,523,964	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$115,403,929	BOYAmt
EOY	$120,073,485	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$8,857,304	BOYAmt
EOY	$9,588,275	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$195,000	BOYAmt
EOY	$390,000	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	$27,870,529	BOYAmt
EOY	$27,962,508	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$629,317	BOYAmt
EOY	$628,756	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,990,919	BOYAmt
EOY	$3,899,315	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$906,428,154	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$396,567,963	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$453,977,611	BOYAmt
EOY	$509,860,191	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$244,314,168	BOYAmt
EOY	$214,072,138	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$661,697,189	BOYAmt
EOY	$662,197,396	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	$3,944,104	BOYAmt
EOY	$4,055,677	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,567,238,243	BOYAmt
EOY	$1,611,251,705	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$28,982,956	BOYAmt
EOY	$49,230,909	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$9,582,348	BOYAmt
EOY	$9,447,068	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$32,825,456	BOYAmt
EOY	$24,655,984	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$144,305,000	BOYAmt
EOY	$137,900,000	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$594,507	BOYAmt
EOY	$754,863	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$16,408,273	BOYAmt
EOY	$53,965,886	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	$87,679,674	BOYAmt
EOY	$91,282,926	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$445,378,214	BOYAmt
EOY	$492,237,636	EOYAmt

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

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$470,738,480	BOYAmt
EOY	$497,148,546	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$375,176,375	BOYAmt
EOY	$338,059,637	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$275,945,174	BOYAmt
EOY	$283,805,886	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,121,860,029	BOYAmt
EOY	$1,119,014,069	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,567,238,243	BOYAmt
EOY	$1,611,251,705	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$4,220,017	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$7,065,977	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

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.Due to limitations in the tax filing software, Schedule A, Part II will not print, and the Schedule B Special Rule cannot be used, unless Box 7, 170(b)(1)(A)(vi) organization, is checked on Sch A, Part I. If we follow this course, we are unable to check "Yes" on Form 990, Part IV, line 13a ("Is the organization a school..."), nor can we attach Schedule E, both of which are required. The software provider makes these options available only when Box 2, School, on Schedule A, Part I is checked.In an effort to file as correctly as possible, we have checked the School Box on Schedule A, Line 2, reported under the Special Rule on Schedule B and attached a separate page to demonstrate that we pass the Support Test of Section 170(b)(1)(A)(vi). The attached additional completed Schedule A, Part II has Box 16a checked, as required by the Schedule B instructions.	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	false	DirectContactLegislatorsInd
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	false	OtherActivitiesInd
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 and specifically 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	$548,431,604	BeginningBalanceAmt
Distributions During Year	$540,177,590	DistributionsDuringYearAmt
Ending Balance	$8,254,014	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	$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$630,580,382	BeginningYearBalanceAmt
Contributions	$18,658,098	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	$1,284,593	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$609,317,298	BeginningYearBalanceAmt
Contributions	$4,406,986	ContributionsAmt
Investment Earnings Or Losses	$5,771,784	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$10,553,138	GrantsOrScholarshipsAmt
Other Expenditures	$21,222,672	OtherExpendituresAmt
Administrative Expenses	$1,401,660	AdministrativeExpensesAmt
End Year Balance	$586,318,598	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.29420	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.38250	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.32320	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	$13,258,862	OtherCostOrOtherBasisAmt
Book Value	$13,957,774	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$55,345,184	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$446,839,051	OtherCostOrOtherBasisAmt
Depreciation	$175,073,624	DepreciationAmt
Book Value	$327,110,611	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$192,857,955	OtherCostOrOtherBasisAmt
Depreciation	$130,229,834	DepreciationAmt
Book Value	$62,628,121	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$137,998,109	OtherCostOrOtherBasisAmt
Depreciation	$88,872,584	DepreciationAmt
Book Value	$49,125,525	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$59,430,081	OtherCostOrOtherBasisAmt
Depreciation	$2,391,921	DepreciationAmt
Book Value	$57,038,160	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$509,860,191	TotalBookValueLandBuildingsAmt
Total Book Value Securities	$662,197,396	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
Annuities payable	$24,475,916
Bond premium	$2,002,679
Other liabilities and deferral	$48,821,642
Postretirement benefits	$15,982,689

Field	Value	IRS element (for citing)
Total Liability	$91,282,926	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$374,235,130	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$7,065,977	NetUnrealizedGainsInvstAmt
Other Revenue	$12,312,189	OtherRevenueAmt
Revenue Not Reported	$5,246,212	RevenueNotReportedAmt
Revenue Subtotal	$368,988,918	RevenueSubtotalAmt
Investment Expenses Not Incld	$6,072,996	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$107,237,939	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$113,310,935	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$482,299,853	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$377,081,090	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$12,312,189	OtherExpensesIncludedAmt
Expenses Not Reported	$12,312,189	ExpensesNotReportedAmt
Expenses Subtotal	$364,768,901	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$6,072,996	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$107,237,939	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$113,310,935	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$478,079,836	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 59.4% of the expendable endowment funds provided scholarships for Wake Forest University students during the fiscal year. 14.7% was distributed for department chair and faculty positions, including funds for research professorships. 15.3% supported educational programs generally, the libraries and general university operations. 10.5% provided support for other specific university needs. Due to the fluctuations of university and student needs, these percentages may change from year to year. Only a portion of the Endowment is Restricted to a single use.
Part X : FIN48 Footnote	Wake Forest University is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue 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. Unrelated business income of the University is reported on Form 990-T. The University recognizes the effect of income tax positions only if those positions are more likely than not of being sustained.
Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990	Rental Expenses $9827780 Cost of Goods Sold $1937391 Fundraising event expenses $143512 Coliseum payment to City $403506
Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S	Scholarships net tuition on F/S $93011905 Allocations moved to net expense $10306991 5Q revenue separated from expense $4181516 Pledge allowance adjustment $-262473 Other tuition adjustments $0
Part XII, Line 2d: Other expenses and losses per audited F/S	Rental expenses $9827780 Cost of Goods Sold $1937391 Fundraising event expenses $143512 Coliseum payment to Winston-Salem $403506
Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S	Scholarship allowance $93011905 Allocations moved to net expense $4181516 Scholarship transfer to Athletics income $10306991 Pledge allowance adjustment $-262473 Other adjustments $0

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 (49 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Ctr America & Caribbean	1	11	Program Service	Study Abroad	$434,202
Ctr America & Caribbean	0	0	Program Service	Services	$32,251
Europe & North Atlantic	0	0	Program Service	Publication & Other Services	$19,128
Europe & North Atlantic	0	0	Program Service	Research/Grants	$144,395
East Asia & Pacific	0	0	Program Service	Research	$39,766
East Asia & Pacific	1	7	Program Service	Study Abroad	$184,991
Europe & North Atlantic	6	43	Program Service	Study Abroad	$3,278,876
Europe & North Atlantic	0	0	Program Service	Conference	$218,707
Ctr America & Caribbean	0	0	Program Service	Research	$200,583
East Asia & Pacific	0	0	Program Service	Service Trips	$186,245
Middle East & North Africa	0	0	Program Service	Research/Grants	$12,027
Sub-Saharan Africa	1	4	Program Service	Research	$74,226
North America	0	0	Program Service	Conference	$95,618
North America	0	0	Program Service	Research	$1,221
South America	1	5	Program Service	Study Abroad	$198,886
Europe & North Atlantic	0	0	Program Service	Depr'n on foreign assets	$249,107
South America	2	20	Program Service	Research	$108,226
South America	0	0	Program Service	Conferences	$21,751
Sub-Saharan Africa	0	0	Program Service	Service Trips	$25,103
South America	0	0	Program Service	Publishing & Lectures	$1,610
Ctr America & Caribbean	0	0	Program Service	Conference	$7,523
Europe & North Atlantic	0	0	Prog-Related Assets Book Value		$3,336,189
South Asia	0	0	Program Services	Study Abroad	$138,272
Sub-Saharan Africa	0	0	Prog-Related Assets Book Value		$3,486
Ctr America & Caribbean	0	0	Program Services	Depr'n on foreign assets	$28,816
Europe & North Atlantic	0	0	Program Services	Recruiting	$18,181
Ctr America & Caribbean	0	0	Program Services	Service Trip	$39,897
Ctr America & Caribbean	0	0	Program Services	Recruiting	$2,045
Europe & North Atlantic	0	0	Fundraising		$90,027
Europe & North Atlantic	0	0	Program Services	Trips; Educ. Tours	$298,448
East Asia & Pacific	0	0	Program Service	Conference	$45,001
East Asia & Pacific	0	0	Program Service	Recruiting	$10,338
East Asia & Pacific	0	0	Fundraising		$1,304
Middle East & North Africa	0	0	Program Service	Trips; Educ. Tours	$4,000
Middle East & North Africa	0	0	Program Service	Conferences	$18,552
Middle East & North Africa	0	0	Program Service	Study Abroad	$57,099
North America	0	0	Program Services	Services	$25,591
North America	0	0	Program Services	Recruiting	$3,773
North America	0	0	Fundraising		$4,814
South America	0	0	Program Services	Recruiting	$13,801
South Asia	0	0	Program Services	Conferences	$14,955
South Asia	0	0	Program Services	Recruiting	$17,122
South Asia	0	0	Program Services	Research	$30,561
Sub-Saharan Africa	0	0	Program Services	Conferences	$20,692
Russia & the Ind States	0	0	Program Services	Conferences	$6,327
Russia & the Ind States	0	0	Program Services	Recruiting	$2,113
Russia & the Ind States	0	0	Program Services	Research	$11,547
Europe & North Atlantic	0	0	Investment book value		$749,626
East Asia & Pacific	0	0	Investment book value		$948,067

Field	Value	IRS element (for citing)
Subtotal Offices	12	SubtotalOfficesCnt
Subtotal Employees	90	SubtotalEmployeesCnt
Total Office	12	TotalOfficeCnt
Total Employee	90	TotalEmployeeCnt
Subtotal Spent	$5,478,455	SubtotalSpentAmt
Continuation Spent	$5,996,631	ContinuationSpentAmt
Total Spent	$11,475,086	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
East Asia & Pac	Research grant	$10,667	Check/wire
East Asia & Pac	Stdt Exch Prog	$94,240	Check/wire
Europe	Study Abroad	$525,749	Check/wire

Field	Value	IRS element (for citing)
Total501c3 Org	5	Total501c3OrgCnt
Total Other Org	2	TotalOtherOrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (6 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
Student Research Grant	Middle East & N Afr	1	$530	Check/wire
Student Research Grant	Russia & Ind States	1	$530	Check/wire
Student scholarship	East Asia	1	$1,000	Check/wire
Student scholarship	South Asia	1	$4,000	Check/wire
Student Scholarship	Central Amer & Carib	1	$500	Check/wire
Student scholarships	Europe & N Atlantic	15	$43,847	Check/wire

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

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US	The organization provides funding to faculty for conferences, research and other projects and scholarships to students for study abroad, research and other projects. Faculty and staff expenses must be substantiated under the Accountable Plan to ensure proper use of funds.The Organization sometimes provides operating funds to collaborative organizations and charitable foreign organizations, generally expenditures are reimbursed upon the submission of appropriate documentation. Other activities funded in advance are subject to review for conformity with the approved budgets.
Part I, Line 3f - Method of Accounting	The Organization uses the accrual method of accounting on its financial statements and all cash grants and noncash assisstance 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
PW Feats
3 E Read St	Baltimore	MD	21202	Consulting	false	$620,487
State Room Inc
60 State St 33rd Floor	Boston	MA	02109	Campaign Development	false	$67,717
Silent R Prod
2749 Spring Gar	WinstonSa	NC	27106	Consultant-Film	false	$52,668
Zuri Group LLC
328 NW Bond Street	Bend	OR	97701	Consulting	false	$41,580
Elephant in the
105 West 4th St	Winston	NC	27101	Design Services	false	$38,500
Hanover Researc
44 Wilson Blvd	Alexandria	VA	22203	Consulting	false	$32,081
Trade Center Mgmt Assocs
1300 Pennsylvania Ave NW	Washington	DC	20004	Campaign Development	false	$28,000
Sterling Audio Visual LLC
3802-B Clemmons Road	Clemmons	NC	27012	Consulting	false	$26,927
JHE Productions
6427 Saddle Crk	Harrisburg	NC	28075	Consulting	false	$13,227
Ideal Design Events LLC
6020A 126th Ave North	Largo	FL	33773	Campaign Development	false	$10,425

Field	Value	IRS element (for citing)
Total Retained By Contractors	$931,612	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	$775,270	GrossReceiptsEvent1Amt
Charitable Contri Event1	$775,270	CharitableContriEvent1Amt
Non Cash Prizes Event1	$18,609	NonCashPrizesEvent1Amt
Food And Beverage Event1	$2,005	FoodAndBeverageEvent1Amt
Other Direct Expenses Event1	$35,259	OtherDirectExpensesEvent1Amt
Event2	Athletics Dinner/Pro AM	Event2Nm
Gross Receipts Event2	$120,277	GrossReceiptsEvent2Amt
Charitable Contri Event2	$16,965	CharitableContriEvent2Amt
Gross Revenue Event2	$103,312	GrossRevenueEvent2Amt
Non Cash Prizes Event2	$18,320	NonCashPrizesEvent2Amt
Rent Facility Costs Event2	$8,079	RentFacilityCostsEvent2Amt
Food And Beverage Event2	$13,385	FoodAndBeverageEvent2Amt
Other Direct Expenses Event2	$20,027	OtherDirectExpensesEvent2Amt
Other Events Total	2	OtherEventsTotalCnt
Gross Receipts Other Events	$46,899	GrossReceiptsOtherEventsAmt
Charitable Contri Other Events	$17,720	CharitableContriOtherEventsAmt
Gross Revenue Other Events	$29,179	GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events	$1,450	NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events	$3,944	RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events	$2,195	FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events	$20,239	OthDirectExpnssOtherEventsAmt
Gross Receipts Total	$942,446	GrossReceiptsTotalAmt
Charitable Contributions Tot	$809,955	CharitableContributionsTotAmt
Gross Revenue Total Events	$132,491	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$38,379	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$12,023	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$17,585	FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events	$75,525	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$143,512	DirectExpenseSummaryEventsAmt
Net Income Summary	-$11,021	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (22 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
Amos Health and Hope Inc
3088 Haberlein Road	Gibsonia	PA	15044	270837989	501(c)(3)	$6,420	$0	Directed Support
Apereo Foundation
2723 S State St Ste 150	Ann Arbor	MI	48104	462060554	501(c)(3)	$10,000	$0	Directed Support
Athletes in Action
651 Taylor Drive	Xenia	OH	45385	956006173	501(c)(3)	$20,000	$0	Directed Support
Bethesda Center for Homeless
930 N Patterson Ave	WinstonSalem	NC	27101	581847103	501(c)(3)	$6,590	$0	Directed Support
Brigham & Womens Hospital
75 Francis street	Boston	MA	02115	042312909	501(c)(3)	$25,183	$0	Research Subcontract
Catholic University of Amer
620 Michigan Ave	Washington	DC	20064	530196583	501(c)(3)	$69,848	$0	Research Subcontract
Davidson College
PO Box 7162	Davidson	NC	28035	560529961	501(c)(3)	$8,000	$0	Research Subcontract
East Carolina University
1001 East 5th Street	Greenville	NC	27858	566000403	115	$12,887	$0	Research Subcontract
Leadership Winston-Salem
624 W Sixth St Ste 110	WinstonSalem	NC	27101	581574887	501(c)(3)	$6,000	$0	Sponsorship General Support
Martin Tyrrell Washington Hea
198 NC Highway 45 North	Plymouth	NC	27962	561066387	115	$10,850	$0	Research Subcontract
Medical College of Wisconsin
8701 Watertown Plank Road	Milwaukee	WI	53226	390806261	501(c)(3)	$29,350	$0	Research Subcontract
Pitt County NC Health Dept
201 Government Circle	Greenville	NC	27834	566000332	115	$10,100	$0	Research Subcontract
Reynolda House Inc
PO Box 7287	WinstonSalem	NC	27109	560810676	501(c)(3)	$461,620	$0	Operations Support
UNC Chapel Hill
208 West Franklin Street	Chapel Hill	NC	27599	566001393	115	$182,700	$0	Research subcontract
University of Missouri
118 Univeristy Hall	Columbia	MO	65211	436003859	115	$8,698	$0	Research Subcontract
University of Pittsburgh
116 Atwood Street	Pittsburgh	PA	15256	250965591	115	$30,012	$0	Research Subcontract
University of Virginia
580 Massie Rd	Charlottesville	VA	22903	546001796	115	$91,104	$0	Research Subcontract
Vanderbilt University
PO Box 6310 Sta B	Nasville	TN	37235	620476822	501(c)(3)	$57,966	$0	Research Subcontract
Wake Forest College Birthplace Society
PO Box 494	Wake Forest	NC	27588	566072013	501(c)(3)	$81,109	$0	Operations Support
Wake Forest Univ Health Scien
Medical Center Blvd	WinstonSalem	NC	27157	223849199	501(c)(3)	$357,632	$0	Research Subcontracts
Winston Salem Business Inc
1080 W Fourth Street	WinstonSalem	NC	27101	510436665	501(c)(3)	$10,000	$0	Support Local Econ Dev'mt
YMCA of Northwest NC
301 N Main St Ste 1900	WinstonSalem	NC	27101	560530015	501(c)(3)	$59,697	$0	Research Subcontract

Field	Value	IRS element (for citing)
Total501c3 Org	22	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	1247	$1,488,956
Grants for Student Travel	579	$188,999
General Tuition Scholarships	3260		$83,596,274	Univ. charges	Tuition discounts
Tuition Concessions	131		$4,442,383	Univ. charges	Direct tuition payments
Athletic Tuition Awards	304		$11,697,205	Univ. charges	Tuition discounts
ROTC Scholarships	34	$167,596
Athletic Room & Board	197	$3,202,806
Study Abroad Scholarships	253	$950,300	$1,492,134	Univ. charges	WFU Program payments
Third Party Scholarships	773	$54,218	$3,608,605	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 (17 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	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt
Ajay Patel
Prof, Sch of Busns	$376,037	$466	$26,500	$75,951	$478,954
Anita M Conrad
Asst Secretary	$163,533	$258	$17,080	$17,314	$203,185	$5,000
B Hofler Milam
Exec VP & CFO	$450,683	$15,854	$167,745	$23,392	$682,674	$25,000
Charles L Iacovou
Dean, School of Bus, FY15	$406,218	$7,359	$26,500	$19,862	$489,939	$30,000
Daniel R Manning
Basketball Coach	$1,676,471	$29,413	$13,250	$22,744	$1,748,878	$7,000
David P Clawson
Football Coach	$1,649,544	$109,682	$13,250	$24,894	$1,827,370	$30,000
J Reid Morgan
S.VP, Sec, G.C.	$447,334	$37,912	$26,500	$71,301	$608,047	$25,000
James J Dunn
Former Chief Invest Officr							$557,475	$264,478	$19,000	$261,599	$30,154	$1,132,706
John D McConnell MD
ExecVP HlthAff							$1,003,000	$458,633	$569,856	$232,214	$20,342	$2,284,045
Mark A Petersen
VP - Advancement	$416,702	$26,268	$114,867	$19,933	$602,770	$25,000
Mark E Welker PhD
Former Interim Provost	$232,577	$333	$24,067	$17,791	$274,768
Michael Elko
Asst F'ball Coach	$340,182	$9,816	$13,250	$23,643	$391,891	$5,000
Michele Gillespie
Dean, Wake Forest College	$212,277	$3,480	$21,788	$32,068	$269,613
Michelle Roehm
V Dean Sch of Bus	$361,707	$90	$26,500	$15,082	$403,379
Nathan O Hatch PhD
President	$839,944	$3,009,376	$224,410	$63,297	$4,229,027	$92,000							$2,323,444
Rogan Kersh PhD
Provost	$470,720	$245,339	$66,562	$23,387	$843,858	$37,850							$195,795
Ronald D Wellman
Director of Athletics	$720,521	$47,168	$318,892	$19,534	$1,106,115

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. Many of the chartered flights provided during the year were donated 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: $90,536 Michele Gillespie: 18,298All 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 unrelated organizations comprising the academic medical center of which the filing organizations 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 is the CEO of each of WFUBMC, WFUHS and NCBH. 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 (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
NC Capital Facs Fin Agcy
A	561592154	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

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	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
A	$113,514,794	$5,935,159	$1,108,136	$66,025,058	$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)	$16,045,000
C	$30,760,000		$270,000		$30,490,000	1999	false	Yes (true)	Yes (true)	Yes (true)	$23,420,000

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Owning Bond Financed Property	false	OwningBondFinancedPropertyInd
Any Lease Arrangements	Yes (true)	AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop	Yes (true)	MgmtContractBondFincdPropInd
Engage Bond Counsel Contracts	Yes (true)	EngageBondCounselContractsInd
Any Research Agreements	false	AnyResearchAgreementsInd
Private Bus Use By Others	0.00720	PrivateBusUseByOthersPct
Private Bus Concerning UBI	0.00460	PrivateBusConcerningUBIPct
Total Private Business Use	0.01180	TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test	false	BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop	false	ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond Remdtd	Yes (true)	ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

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

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

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

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part VI	FormAndLineReferenceDesc
Explanation	SCHEDULE K, PART IBond A,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond A,Col(f) The 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. 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	$375,000	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	false	BoardOrCommitteeApprovalInd
Written Agreement	Yes (true)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$375,000	TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
Not required
See Part V	$108,834	Tuition Waiv	Education
Not required
See Part V	$6,500	Scholarships	Education

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Julia Hatch
See Part V	$64,200	Compensation	false
Barbara Perry Holding
See Part V	$48,265	Compensation	false
Angela J Lynde
See Part V	$32,243	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 dependents currently receiving tuition discounts under this plan.The filing organization awards scholarships for various purposes. As noted in Form 990, Part III, about 59% of our graduate and undergraduate students receive scholarships or other financial aid. Various listed persons have dependents who have received merit scholarships, summer intern scholarships or 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.Barbara P. Holding: Family member of organization's trustee, Frank B. Holding Jr., was paid wages for her employment with the filing organization.	ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	3	ContributionCnt
Noncash Contributions Rpt F990	$38,300	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Appraisal	MethodOfDeterminingRevenuesTxt

Cars And Other Vehicles CarsAndOtherVehiclesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	101	ContributionCnt
Noncash Contributions Rpt F990	$74,471	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	432	ContributionCnt
Noncash Contributions Rpt F990	$5,628,844	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	$54,265	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Annuity NPV	MethodOfDeterminingRevenuesTxt

Securities Miscellaneous SecuritiesMiscellaneousGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$28,729	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Life Ins NPV	MethodOfDeterminingRevenuesTxt

Food Inventory FoodInventoryGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	90	ContributionCnt
Noncash Contributions Rpt F990	$37,763	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Retail	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (5 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	Computer Equip	18	$32,998	FMV
Yes (X)	Auction goods	7	$3,220	Sale price
Yes (X)	Furniture	2	$76,334	FMV
Yes (X)	Grand piano	1	$30,000	Appraisal
Yes (X)	Ping-pong table	1	$400	FMV

Field	Value	IRS element (for citing)
Form8283 Received	8	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 property donations.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Client Note 1	Client Note 1 - Wake Forest University2015 year ended 6/30/2016Attachment to Form 990-TSTATEMENT 12PART 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, student dormitories, with 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 a Director of Blue Cross Blue Shield of North Carolina, which company provides health insurance plans/services to the filing organization and possibly others in the specified group and their businesses; 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 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 as finalized 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.
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 Unrelated Organizations:Nathan O. Hatch, Ph.D.Filing Organization: 29 hoursRelated Organizations: 11 hoursJ. Reid MorganFiling Organization: 24 hoursRelated Organizations: 16 hoursB. Hofler MilamFiling Organization: 37.5 hours Related Organizations: 2.5 hoursAnita ConradFiling Organization: 20 hoursRelated Organizations: 20 hours Dr. John D. McConnell, MDFiling Organization: 2 hoursRelated Organizations: 16.7 hoursUnrelated Organizations: 21.3 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, Cayman Islands, 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	-$71,867	$5,957
Verger Fund I LLC
PO Box 7354	Winston Salem	NC	27109		Holding Verger Capital Fund	DE	NA	$2,215,359	$710,868,853
Wake Forest University Spain SL
					study abroad educ. activities		NA	$102,870	$96,171	C/Toro 84-90 Oficina Izquierda	Salamanca	Salamanca	SP	37120	SP
Wake Forest University Chile SpA
					Study Abroad		NA	-$3,670	$121,879	Santa Lucia 280 Oficina 12	Santiago	Santiago	CI		CI

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (14 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)	Line 11a, I	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
Idealliance Foundation
Medical Center Blvd	WinstonSalem	NC	27157	562094060	Educational events supporting WFIQ Dev	NC	501(c)(3)	Line 11a, I	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
Dialysis Access Group - Wake Forest Univ
Medical Center Blvd	WinstonSalem	NC	27157	204241942	Provide dialysis treatments to patients	NC	501(c)(3)	Line 9	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
Childress Inst for Pediatric Trauma
575 N Patterson Ave Ste 140	Winston Salem	NC	27101	463674691	Medical Research	NC	501(c)(3)	3	WFU Health Sciences	false

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 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	$443,036	$5,153,463	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	$2,215,359	$710,868,853	false	false	0.64244	$1,335,741
Wake Forest Technology Development Prog
2520 Meridian Pkwy 400	Durham	NC	27713	475437596	Tech Devel.	NC	WFU Health Sciences	Excluded	-$76,890	$108,341	false	false	0.99000

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (13 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 - 5 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	912129902	Investment	NC	WFU	T	$370,420	0.61360	false
WFU - 6 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	582175582	Investment	NC	WFU	T	$32,640	0.69420	false
WFU - 6 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	566473036	Investment	NC	WFU	T	$154,477	0.69420	false
WFU - 6 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	911832851	Investment	NC	WFU	T	$353,708	0.69430	false
WFU - 6375 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	566459446	Investment	NC	WFU	T	$86,686	0.60220	false
WFU - 6 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	900237204	Investment	NC	WFU	T	$187,809	0.69420	false
WFU - 5 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	582045283	Investment	NC	WFU	T	$201,161	0.56050	false
WFU - 79 CRAT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	566555544	Investment	NC	WFU	T	$375,325	0.69800	false
WFU - 6 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27019	566476872	Investment	NC	WFU	T	$117,470	0.56800	false
WFU - 75 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	582175575	Investment	NC	WFU	T	$58,496	0.52800	false
WFU - 5 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	456782977	Investment	NC	WFU	T	$177,161	0.53110	false
WFU - 8 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	912131579	Investment	NC	WFU	T	$56,743	0.79240	false
WFU - 5 CRUT
c/o Wells Fargo Bank POA	WinstonSalem	NC	27109	566562122	Investment	NC	WFU	T	$52,109	0.69140	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	false	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	$83,304	FMV allocation
Wake Forest University Health Sciences
c	$1,000,000	Cash Transfer
Wake Forest University Health Sciences
p	$3,476,587	Cash Transfer
Wake Forest University Health Sciences
q	$7,030,798	Cash Transfer
Wake Forest University Development Fndn
c	$1,577,410	Cash
Wake Forest University Development Fndn
d	$97,775	FMV
Wake Forest University Development Fndn
o	$75,944	FMV allocation
Reynolda House Inc
b	$465,000	Cash support
Reynolda House Inc
q	$158,217	Cash Transfer
The James W Denmark Loan Fund Inc
s	$288,188	Cash transfer
Verger Capital Management LLC
a	$154,594	Rent payments
Verger Capital Management LLC
d	$5,354,519	Loans transfer
Verger Capital Management LLC
m	$2,025,843	Inv Mgmt Fees
Verger Capital Management LLC
q	$2,580,504	Cash reimb
Verger Capital Fund LLC
r	$30,640,315	Invstmt transf
Verger Capital Fund LLC
s	$28,391,815	Cash Distrib

Supplemental Information Detail SupplementalInformationDetail (3 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, LLC (VCF) was created in order to hold the filing organization's Endowment Assets for investment. During the fiscal year, VCF accepted endowment assets of other members of the controlled group and is currently holding long-term investment assets for all the members of the Wake Forest University controlled group. All of the VCF investors are exempt 501(c)(3) organizations, and VCF will use partnership reporting for each organization's share.
Verger Fund I	Verger Fund I is a disregarded entity that holds the University's partnership interest in Verger Capital Fund, the entity holding the Endowment asset.