WAKE FOREST UNIVERSITY: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: WAKE FOREST UNIVERSITY (EIN 56-0532138)
Tax period: 2014-07-01 to 2015-06-30
Filed: 2016-05-13
IRS object ID: 201611349349303341
Schema version: 2014v6.0
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	2016-05-13T11:30:28-07:00	ReturnTs
Tax Period End	2015-06-30	TaxPeriodEndDt
Return Type	990	ReturnTypeCd
Tax Period Begin	2014-07-01	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	2016-05-13	SignatureDt

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-08-17 19:52:53Z	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	$881,548,452	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	45	VotingMembersGoverningBodyCnt
Voting Members Independent	42	VotingMembersIndependentCnt
Total Employee	5757	TotalEmployeeCnt
Total Volunteers	2150	TotalVolunteersCnt
Total Gross UBI	$5,731,006	TotalGrossUBIAmt
PY Contributions Grants	$93,868,783	PYContributionsGrantsAmt
CY Contributions Grants	$87,133,767	CYContributionsGrantsAmt
PY Program Service Revenue	$358,074,542	PYProgramServiceRevenueAmt
CY Program Service Revenue	$381,697,611	CYProgramServiceRevenueAmt
PY Investment Income	$52,655,253	PYInvestmentIncomeAmt
CY Investment Income	$60,617,468	CYInvestmentIncomeAmt
PY Other Revenue	$11,648,431	PYOtherRevenueAmt
CY Other Revenue	$11,567,523	CYOtherRevenueAmt
PY Total Revenue	$516,247,009	PYTotalRevenueAmt
CY Total Revenue	$541,016,369	CYTotalRevenueAmt
PY Grants And Similar Paid	$92,885,819	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$98,145,184	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$215,923,221	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$219,995,538	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$1,496,917	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$1,915,027	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$22,369,038	CYTotalFundraisingExpenseAmt
PY Other Expenses	$141,042,088	PYOtherExpensesAmt
CY Other Expenses	$133,272,514	CYOtherExpensesAmt
PY Total Expenses	$451,348,045	PYTotalExpensesAmt
CY Total Expenses	$453,328,263	CYTotalExpensesAmt
PY Revenues Less Expenses	$64,898,964	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$87,688,106	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,503,979,756	TotalAssetsBOYAmt
Total Assets EOY	$1,567,238,243	TotalAssetsEOYAmt
Total Liabilities BOY	$428,968,742	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$445,378,214	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,075,011,014	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,121,860,029	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	$208,934,718	ExpenseAmt
Grant	$81,752,209	GrantAmt
Revenue	$295,026,830	RevenueAmt
Desc	Instruction of approximately 7,368 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. 59.3% of the graduate and undergraduate student population received financial aid awards. Approximately 4,392 students received scholarships or grants from the institution during the year.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$99,390,533	ExpenseAmt
Grant	$14,183,583	GrantAmt
Revenue	$93,258,909	RevenueAmt
Desc	Wake Forest maintains campus bookstores, housing and dining facilities, mail services and other program services, including Athletics. Athletic scholarships provided funding for 294 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	$53,859,342	ExpenseAmt
Grant	$494,803	GrantAmt
Revenue	$2,973,714	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	$23,013,819	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$1,714,589	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$8,613,547	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$385,198,412	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	false	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	Yes (true)	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	10107	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	5757	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	false	QuidProQuoContributionsInd
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	45	GoverningBodyVotingMembersCnt
Independent Voting Member	42	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (true)	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	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
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OK	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	Brandon E Gilliland	PersonNm
Phone	3367585233	PhoneNum

US Address USAddress

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

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

Form990 Part VII Section A Form990PartVIISectionAGrp (65 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Jeanne Whitman Bobbitt
Trustee	4.00	0.00	Yes (X)	$0	$0	$0
Ranlet S Bell
Committee Chair	6.00	0.20	Yes (X)	$0	$0	$0
W Louis Bissette Jr
Committee Chair	6.00	0.30	Yes (X)	$0	$0	$0
Shelmer D Blackburn Jr
Comm Vice Chair	4.00	2.00	Yes (X)	$0	$0	$0
Donna A Boswell PhD
Board ViceChair	6.00	8.20	Yes (X)	$0	$0	$0
Peter C Brockway
Committee Chair	6.00	1.20	Yes (X)	$0	$0	$0
Thomas W Bunn
Comm Vice Chair	6.00	0.20	Yes (X)	$0	$0	$0
Jocelyn Burton
Trustee	4.00	0.00	Yes (X)	$0	$0	$0
John I Bitove Jr
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Bobby R Burchfield
Board ViceChair	7.00	2.20	Yes (X)	$0	$0	$0
Daniel M Delen
Comm Vice Chair	5.00	0.20	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	0.20	Yes (X)	$0	$0	$0
Frederick W Eubank II
Committee Chair	6.00	0.20	Yes (X)	$0	$0	$0
Lisbeth Clark Evans
Comm Vice Chair	5.00	0.30	Yes (X)	$0	$0	$0
Curtis C Farmer
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Lelia J Farr
Trustee	4.00	0.20	Yes (X)	$0	$0	$0
Mary R Farrell
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Donald E Flow
Board Chair	12.00	6.00	Yes (X)	$0	$0	$0
Kathleen Brelsford French MD
Trustee	3.00	2.00	Yes (X)	$0	$0	$0
James R Helvey III
Trustee	4.00	7.00	Yes (X)	$0	$0	$0
Frank B Holding Jr
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Lawrence D Hopkins MD
Comm Vice Chair	4.00	0.00	Yes (X)	$0	$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
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Matthew A King
Committee Chair	6.00	2.50	Yes (X)	$0	$0	$0
Deborah D Lambert
Comm Vice Chair	6.00	0.20	Yes (X)	$0	$0	$0
John R Lowden
Trustee	3.00	0.20	Yes (X)	$0	$0	$0
James J Marino
Comm Vice Chair	5.00	2.00	Yes (X)	$0	$0	$0
John K Medica
Trustee	4.00	0.20	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
Diana M Adams
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Harold O Rosser
Committee Chair	5.00	0.20	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	8.00	Yes (X)	$0	$0	$0
Adelaide A Sink
Committee Chair	6.00	1.20	Yes (X)	$0	$0	$0
Janice K Story
Comm Vice Chair	4.00	0.00	Yes (X)	$0	$0	$0
Lloyd P Tate Jr
Committee Chair	5.00	1.00	Yes (X)	$0	$0	$0
Benjamin C Sutton Jr
Trustee	4.00	1.00	Yes (X)	$0	$0	$0
John M Vann
Trustee	3.00	0.00	Yes (X)	$0	$0	$0
Seth H Waugh
Trustee	3.00	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
Sonia M Kuguru
Trustee	3.00	0.00	Yes (X)	$6,660	$0	$0
Anita M Conrad
Asst Secretary	20.00	20.00		$163,282	$0	$32,713	Yes (X)
Nathan O Hatch PhD
President	29.00	11.00		$1,023,508	$0	$433,311	Yes (X)
J Reid Morgan
S.VP, Sec, G.C.	19.70	20.30		$478,079	$0	$110,947	Yes (X)
John D McConnell MD
ExecVP HlthAff	2.00	38.00		$0	$1,551,137	$232,372	Yes (X)
B Hofler Milam
Exec VP & CFO	38.50	1.50		$472,643	$0	$171,605	Yes (X)
Rogan Kersh PhD
Provost	40.00	0.00		$503,762	$0	$114,349	Yes (X)
Charles L Iacovou
Dean, School of Bus, FY15	40.00	0.00		$371,467	$0	$42,802		Yes (X)
Ronald D Wellman
Director of Athletics	40.00	0.00		$729,885	$0	$316,070		Yes (X)
Mark A Petersen
VP - Advancement	40.00	0.00		$449,103	$0	$134,750		Yes (X)
Jim B Grobe
Football Coach	40.00	0.00		$1,681,273	$0	$8,511			Yes (X)
Andrew R Chan
VP Career Develop.	40.00	0.00		$478,264	$0	$90,599			Yes (X)
Jeffrey Bzdelik
Basketball Coach	40.00	0.00		$1,235,818	$0	$31,656			Yes (X)
David P Clawson
Football Coach	40.00	0.00		$2,077,227	$0	$35,939			Yes (X)
Daniel R Manning
Basketball Coach	40.00	0.00		$1,274,562	$0	$27,457			Yes (X)
Mark E Welker PhD
Former Interim Provost	40.00	0.00		$219,754	$0	$42,191				Yes (X)
James J Dunn
Former Chief Invest Officr	0.00	40.00		$177,831	$685,290	$390,807				Yes (X)
Craig O Thomas
Former Asst Treasurer	40.00	0.00		$301,051	$0	$177,932				Yes (X)
Jacquelyn Fetrow PhD
Former Dean of Wake Forest College	40.00	0.00		$147,263	$0	$17,764				Yes (X)
Steven S Reinemund
Former Dean, School of Business	40.00	0.00		$199,804	$0	$28,518				Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$11,991,236	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$2,236,427	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,440,293	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	417	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	$4,873,749
Aramark Campus Services
1101 Market St 12th Fl	Philadelphia	PA	19107	Food Service	$19,023,567
Carolina Green Corp
10108 Indian Trail-Fairview Road	Indian Trail	NC	28079	Construction	$2,522,240
IL Long Construction Co Inc
PO Box 4186	WinstonSalem	NC	27115	Construction	$9,793,739
CISCO Systems
170 West Tasman Drive	San Jose	CA	95134	Leasing, maintenance	$2,070,059

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt
Fundraising	$1,234,528	FundraisingAmt
Government Grants	$8,613,547	GovernmentGrantsAmt
All Other Contributions	$77,285,692	AllOtherContributionsAmt
Noncash Contributions	$11,255,235	NoncashContributionsAmt
Total Contributions	$87,133,767	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Athletic Programs	711210	$34,357,552	$32,841,563	$1,515,989
Organized Activities	515100	$4,886,626	$3,989,001	$887,865	$9,760
Student Health Services	621400	$2,856,514	$2,856,514
Student Housing & Dining	721310	$39,742,329	$39,742,329
Tuition and Fees	611310	$295,026,830	$295,026,830

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,827,760	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,020,349	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$579,256	UnrelatedBusinessRevenueAmt
Exclusion	$2,228,155	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$381,697,611	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$13,109,261	TotalRevenueColumnAmt
Unrelated Business Revenue	$1,284,593	UnrelatedBusinessRevenueAmt
Exclusion	$11,824,668	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	$2,386,910	TotalRevenueColumnAmt
Exclusion	$2,386,910	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$10,025,405	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$7,915,626	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$2,109,779	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,109,779	TotalRevenueColumnAmt
Exclusion	$2,109,779	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$377,778,000	SecuritiesAmt
Other	$143,026	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$330,412,819	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$47,365,181	SecuritiesAmt
Other	$143,026	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$47,508,207	TotalRevenueColumnAmt
Exclusion	$47,508,207	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$54,180	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$1,234,528	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$158,278	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$104,098	TotalRevenueColumnAmt
Exclusion	-$104,098	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	$8,668,892	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$2,045,360	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,623,532	TotalRevenueColumnAmt
Unrelated Business Revenue	$3,305,997	UnrelatedBusinessRevenueAmt
Exclusion	$3,317,535	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	$178,225	$178,225
Winston Salem Tennis Open	711210	$345,650	$345,650

Field	Value	IRS element (for citing)
Other Revenue Total	$551,400	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$541,016,369	TotalRevenueColumnAmt
Related Or Exempt Func Income	$376,476,586	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$5,731,006	UnrelatedBusinessRevenueAmt
Exclusion	$71,675,010	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,490,128	TotalAmt
Program Services	$1,490,128	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$95,948,560	TotalAmt
Program Services	$95,948,560	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$706,496	TotalAmt
Program Services	$706,496	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	$4,705,884	TotalAmt
Program Services	$963,313	ProgramServicesAmt
Management And General	$2,445,876	ManagementAndGeneralAmt
Fundraising	$1,296,695	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	$169,583,197	TotalAmt
Program Services	$141,246,297	ProgramServicesAmt
Management And General	$17,838,714	ManagementAndGeneralAmt
Fundraising	$10,498,186	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$13,694,399	TotalAmt
Program Services	$11,139,721	ProgramServicesAmt
Management And General	$1,615,813	ManagementAndGeneralAmt
Fundraising	$938,865	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$19,555,750	TotalAmt
Program Services	$14,264,709	ProgramServicesAmt
Management And General	$3,831,151	ManagementAndGeneralAmt
Fundraising	$1,459,890	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$12,456,308	TotalAmt
Program Services	$10,132,595	ProgramServicesAmt
Management And General	$1,469,730	ManagementAndGeneralAmt
Fundraising	$853,983	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	$259,727	TotalAmt
Program Services	$25,123	ProgramServicesAmt
Management And General	$234,604	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$182,643	TotalAmt
Program Services	$7,820	ProgramServicesAmt
Management And General	$174,823	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	$1,915,027	TotalAmt
Fundraising	$1,915,027	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$5,905,091	TotalAmt
Program Services	$3,923,347	ProgramServicesAmt
Management And General	$1,981,744	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$15,705,974	TotalAmt
Program Services	$10,622,410	ProgramServicesAmt
Management And General	$5,027,563	ManagementAndGeneralAmt
Fundraising	$56,001	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$6,008,921	TotalAmt
Program Services	$4,039,802	ProgramServicesAmt
Management And General	$301,802	ManagementAndGeneralAmt
Fundraising	$1,667,317	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$20,760,691	TotalAmt
Program Services	$13,228,680	ProgramServicesAmt
Management And General	$5,483,650	ManagementAndGeneralAmt
Fundraising	$2,048,361	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$5,003,442	TotalAmt
Program Services	$4,600,393	ProgramServicesAmt
Management And General	$208,414	ManagementAndGeneralAmt
Fundraising	$194,635	FundraisingAmt

Royalties RoyaltiesGrp

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

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$12,017,249	TotalAmt
Program Services	$9,916,770	ProgramServicesAmt
Management And General	$1,938,494	ManagementAndGeneralAmt
Fundraising	$161,985	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$11,769,131	TotalAmt
Program Services	$10,602,965	ProgramServicesAmt
Management And General	$102,218	ManagementAndGeneralAmt
Fundraising	$1,063,948	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	$1,963,826	TotalAmt
Program Services	$1,521,885	ProgramServicesAmt
Management And General	$345,362	ManagementAndGeneralAmt
Fundraising	$96,579	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$12,225,963	TotalAmt
Program Services	$12,225,963	ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

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

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$25,596,276	TotalAmt
Program Services	$25,596,276	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$2,646,015	TotalAmt
Program Services	$846,315	ProgramServicesAmt
Management And General	$1,797,182	ManagementAndGeneralAmt
Fundraising	$2,518	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Library, Books & Subscriptions	$6,599,127	$6,463,908	$76,946	$58,273
Auxiliary Enterprises	$3,171,982	$3,171,833	$149
Non Capital Equip & Furnishing	$2,139,420	$1,659,647	$425,556	$54,217
Miscellaneous	$1,317,036	$853,456	$461,022	$2,558

All Other Expenses AllOtherExpensesGrp

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

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$453,328,263	TotalAmt
Program Services	$385,198,412	ProgramServicesAmt
Management And General	$45,760,813	ManagementAndGeneralAmt
Fundraising	$22,369,038	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

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

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$39,697,289	BOYAmt
EOY	$46,358,173	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$103,474,989	BOYAmt
EOY	$115,403,929	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$11,562,235	BOYAmt
EOY	$8,857,304	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$54,941	BOYAmt
EOY	$195,000	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	$22,069,346	BOYAmt
EOY	$27,870,529	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$645,912	BOYAmt
EOY	$629,317	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$4,923,215	BOYAmt
EOY	$3,990,919	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$818,964,237	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$364,986,626	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$440,378,601	BOYAmt
EOY	$453,977,611	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$389,273,584	BOYAmt
EOY	$244,314,168	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$488,235,590	BOYAmt
EOY	$661,697,189	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	$3,664,054	BOYAmt
EOY	$3,944,104	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,503,979,756	BOYAmt
EOY	$1,567,238,243	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$23,429,638	BOYAmt
EOY	$28,982,956	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$9,688,229	BOYAmt
EOY	$9,582,348	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$26,568,564	BOYAmt
EOY	$32,825,456	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$150,500,000	BOYAmt
EOY	$144,305,000	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$403,623	BOYAmt
EOY	$594,507	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$5,904,589	BOYAmt
EOY	$16,408,273	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	$87,474,099	BOYAmt
EOY	$87,679,674	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$428,968,742	BOYAmt
EOY	$445,378,214	EOYAmt

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

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$458,170,848	BOYAmt
EOY	$470,738,480	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$362,247,638	BOYAmt
EOY	$375,176,375	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$254,592,528	BOYAmt
EOY	$275,945,174	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,075,011,014	BOYAmt
EOY	$1,121,860,029	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,503,979,756	BOYAmt
EOY	$1,567,238,243	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$87,688,106	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$40,839,091	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	Yes (true)	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (true)	DirectContactLegislatorsInd
Direct Contact Legislators	$7,576	DirectContactLegislatorsAmt
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	false	OtherActivitiesInd
Total Lobbying Expenditures	$7,576	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind
Form4720 Filed4912 Tax	false	Form4720Filed4912TaxInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part II-B, Line 1i - Other Activities Description	FormAndLineReferenceDesc
Explanation	The organization's medical school subsidiary organization has a Government Relations office which makes contacts; working in coordination with that government relations office, the filing organization's employees will sometimes make direct contact with legislators, their staffs, government officials, or a legislative body. The Government Relations office was actively involved with several federal and state issues during the year, 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. At the state level, efforts included legislation to delay the expiration of the Historic Mill Restoration Tax Credit for the Wake Forest Innovation Quarter Research Park in downtown Winston-Salem and the retention of the property tax exemption for North Carolina colleges and universities. Wake Forest University employees met with various legislative representatives regarding the retention of the SEOG and Perkins Loan Program for students.	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	$514,749,898	BeginningBalanceAmt
Additions During Year	$60,551,468	AdditionsDuringYearAmt
Distributions During Year	$26,869,762	DistributionsDuringYearAmt
Ending Balance	$548,431,604	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	$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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	$682,432,626	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$531,560,575	BeginningYearBalanceAmt
Contributions	$37,795,637	ContributionsAmt
Investment Earnings Or Losses	$70,599,050	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$10,874,429	GrantsOrScholarshipsAmt
Other Expenditures	$17,390,859	OtherExpendituresAmt
Administrative Expenses	$2,372,676	AdministrativeExpensesAmt
End Year Balance	$609,317,298	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.30620	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.35180	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.34210	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	$715,250	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$13,497,462	OtherCostOrOtherBasisAmt
Book Value	$14,212,712	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$55,072,227	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$410,266,482	OtherCostOrOtherBasisAmt
Depreciation	$163,651,116	DepreciationAmt
Book Value	$301,687,593	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$174,194,555	OtherCostOrOtherBasisAmt
Depreciation	$120,298,169	DepreciationAmt
Book Value	$53,896,386	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$120,223,286	OtherCostOrOtherBasisAmt
Depreciation	$79,220,629	DepreciationAmt
Book Value	$41,002,657	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$44,994,975	OtherCostOrOtherBasisAmt
Depreciation	$1,816,712	DepreciationAmt
Book Value	$43,178,263	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$453,977,611	TotalBookValueLandBuildingsAmt
Total Book Value Securities	$661,697,189	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
Annuities payable	$24,660,804
Bond premium	$2,089,852
Other liabilities and deferral	$45,067,037
Postretirement benefits	$15,861,981

Field	Value	IRS element (for citing)
Total Liability	$87,679,674	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$409,156,619	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$40,839,091	NetUnrealizedGainsInvstAmt
Other Revenue	$10,119,264	OtherRevenueAmt
Revenue Not Reported	-$30,719,827	RevenueNotReportedAmt
Revenue Subtotal	$439,876,446	RevenueSubtotalAmt
Investment Expenses Not Incld	$5,905,091	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$95,234,832	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$101,139,923	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$541,016,369	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$362,307,604	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$10,119,264	OtherExpensesIncludedAmt
Expenses Not Reported	$10,119,264	ExpensesNotReportedAmt
Expenses Subtotal	$352,188,340	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$5,905,091	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$95,234,832	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$101,139,923	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$453,328,263	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 value of the collections is 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	Until August 22, 2014, the organization's investment office managed the endowment pool for both the organization and several related organizations identified in Schedule R. Such investments are not included on the organization's balance sheet, but are contained in the consolidated financial statements.
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 61.4% of the expendable endowment funds provided scholarships for Wake Forest University students during the fiscal year. 14% was distributed for department chair and faculty positions, including funds for research professorships. 15.6% supported educational programs generally, the libraries and general university operations. 9.1% 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 $7915626 Cost of Goods Sold $1685543 Fundraising event expenses $158278 Coliseum payment to Winston Salem $359817
Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S	Related party transfers In $0 Scholarships net tuition on F/S $95454981 Allocations moved to net expense $4617622 FIN 47 adjustment & Endowment reclass $-4331438 Pledge allowance adjustment $-981019 Other adjustments $474686
Part XII, Line 2d: Other expenses and losses per audited F/S	Rental expenses $7915626 Cost of Goods Sold $1685543 Fundraising event expenses $158278 Coliseum payment to Winston-Salem $359817
Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S	Scholarship allowance $95454981 Allocations moved to net expense $4617622 FIN 47 adjustment & Endowment reclass $-4331438 Transactions with related parties $0 Pledge allowance adjustment $-981019 Other adjustments $474686

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 (26 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Ctr America & Caribbean	1	10	Program Service	Study Abroad	$162,316
Ctr America & Caribbean	0	0	Program Service	Services	$4,493
Europe & North Atlantic	0	0	Program Service	Publication & Other Services	$17,927
Europe & North Atlantic	0	0	Program Service	Recruiting	$10,178
East Asia & Pacific	0	0	Program Service	Research	$12,180
East Asia & Pacific	1	7	Program Service	Study Abroad	$114,108
Europe & North Atlantic	5	35	Program Service	Study Abroad	$2,739,244
Europe & North Atlantic	0	0	Program Service	Conference	$4,572
Europe & North Atlantic	0	0	Program Service	Research	$16,635
East Asia & Pacific	0	0	Program Service	Publication & Other Services	$2,304
Mid East & N Africa	0	0	Program Service	Research	$7,300
Sub-Saharan Africa	1	4	Program Service	Research	$27,936
North America	0	0	Program Service	Conference	$24,829
North America	0	0	Program Service	Research review services	$1,800
South America	1	4	Program Service	Study Abroad	$260,526
Europe & North Atlantic	0	0	Program Service	Grant	$600
South America	0	0	Program Service	Research	$110,297
South America	0	0	Program Service	Recruiting	$17,001
Sub-Saharan Africa	0	0	Program Service	Study Abroad	$10,560
East Asia & Pacific	0	0	Program Service	Conference	$1,309
Ctr America & Caribbean	0	0	Program Service	Conference	$1,761
Europe & North Atlantic	0	0	Prog-Related Assets Book Value		$3,049,260
Ctr America & Caribbean	0	0	Prog-Related Assets Book Value		$1,593,125
Sub-Saharan Africa	0	0	Prog-Related Assets Book Value		$28,486
Europe & North Atlantic	0	0	Investment Book Value		$1,701,892
East Asia & Pacfic	0	0	Investment Book Value		$1,896,203

Field	Value	IRS element (for citing)
Subtotal Offices	9	SubtotalOfficesCnt
Subtotal Employees	60	SubtotalEmployeesCnt
Total Office	9	TotalOfficeCnt
Total Employee	60	TotalEmployeeCnt
Subtotal Spent	$3,517,245	SubtotalSpentAmt
Continuation Spent	$8,299,597	ContinuationSpentAmt
Total Spent	$11,816,842	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (3 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
Student scholarship	East Asia	1	$2,500	Check/wire
Student scholarship	Europe & N Atlant	4	$5,682	Check/wire
Student scholarship	South Asia	1	$2,000	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

Field	Value	IRS element (for citing)
Form And Line Reference	Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US	FormAndLineReferenceDesc
Explanation	The organization provides funding to faculty for research and other projects and to students for research and other projects. 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, for which there is no formal monitoring process.	ExplanationTxt

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	Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd
PW Feats
3 E Read St	Baltimore	MD	21202	Consulting	false	$372,976
JHE Productions
6427 Saddle Crk	Harrisburg	NC	28075	Consulting	false	$372,770
Silent R Prod
2749 Spring Gar	WinstonSa	NC	27106	Consultant-Film	false	$179,178
Ologie LLC
447 E Main St	Columbus	OH	43215	Consulting	false	$90,000
Lisa Quisenberr
2100 Sharon Rd	Charlotte	NC	28207	Consulting	false	$59,419
Mary Tribble LL
400 N Church St	Charlotte	NC	28202	Consultant	false	$30,294
InsideHeads LLC
				Consulting	false	$19,450	12241 Johnson B	St John	VQ	00830
Hanover Researc
44 Wilson Blvd	Alexandria	VA	22203	Consulting	false	$19,426
Bluezoom Inc
230 S Elm St	Greensboro	NC	27401	Campaign Dev.	false	$18,048
Elephant in the
105 West 4th St	Winston	NC	27101	Design Services	false	$15,700

Field	Value	IRS element (for citing)
Total Retained By Contractors	$1,177,261	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	LA	LicensedStatesCd
Licensed States	ME	LicensedStatesCd
Licensed States	MA	LicensedStatesCd
Licensed States	MI	LicensedStatesCd
Licensed States	MO	LicensedStatesCd
Licensed States	MS	LicensedStatesCd
Licensed States	MT	LicensedStatesCd
Licensed States	NE	LicensedStatesCd
Licensed States	NV	LicensedStatesCd
Licensed States	NH	LicensedStatesCd
Licensed States	NJ	LicensedStatesCd
Licensed States	NM	LicensedStatesCd
Licensed States	NC	LicensedStatesCd
Licensed States	NY	LicensedStatesCd
Licensed States	ND	LicensedStatesCd
Licensed States	OH	LicensedStatesCd
Licensed States	OK	LicensedStatesCd
Licensed States	OR	LicensedStatesCd
Licensed States	PA	LicensedStatesCd
Licensed States	RI	LicensedStatesCd
Licensed States	SC	LicensedStatesCd
Licensed States	SD	LicensedStatesCd
Licensed States	TN	LicensedStatesCd
Licensed States	TX	LicensedStatesCd
Licensed States	UT	LicensedStatesCd
Licensed States	VT	LicensedStatesCd
Licensed States	VA	LicensedStatesCd
Licensed States	WA	LicensedStatesCd
Licensed States	WV	LicensedStatesCd
Licensed States	WI	LicensedStatesCd
Licensed States	WY	LicensedStatesCd
Licensed States	DC	LicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	WFDD Events	Event1Nm
Gross Receipts Event1	$1,189,512	GrossReceiptsEvent1Amt
Charitable Contri Event1	$1,189,512	CharitableContriEvent1Amt
Non Cash Prizes Event1	$34,405	NonCashPrizesEvent1Amt
Food And Beverage Event1	$380	FoodAndBeverageEvent1Amt
Other Direct Expenses Event1	$30,606	OtherDirectExpensesEvent1Amt
Event2	Athletics Dinner/Pro AM	Event2Nm
Gross Receipts Event2	$64,358	GrossReceiptsEvent2Amt
Charitable Contri Event2	$27,891	CharitableContriEvent2Amt
Gross Revenue Event2	$36,467	GrossRevenueEvent2Amt
Rent Facility Costs Event2	$504	RentFacilityCostsEvent2Amt
Food And Beverage Event2	$16,291	FoodAndBeverageEvent2Amt
Entertainment Event2	$10,417	EntertainmentEvent2Amt
Other Direct Expenses Event2	$30,903	OtherDirectExpensesEvent2Amt
Other Events Total	2	OtherEventsTotalCnt
Gross Receipts Other Events	$34,838	GrossReceiptsOtherEventsAmt
Charitable Contri Other Events	$17,125	CharitableContriOtherEventsAmt
Gross Revenue Other Events	$17,713	GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events	$807	NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events	$15,689	RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events	$1,739	FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events	$16,537	OthDirectExpnssOtherEventsAmt
Gross Receipts Total	$1,288,708	GrossReceiptsTotalAmt
Charitable Contributions Tot	$1,234,528	CharitableContributionsTotAmt
Gross Revenue Total Events	$54,180	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$35,212	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$16,193	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$18,410	FoodAndBeverageTotalEventsAmt
Entertainment Total Events	$10,417	EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events	$78,046	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$158,278	DirectExpenseSummaryEventsAmt
Net Income Summary	-$104,098	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (25 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
Bookmarks Book Festival
PO Box 11867	WinstonSalem	NC	27116	542152610	501(c)(3)	$7,500	$0	Sponsor Book Event
Brenner Childrens Hospital
PO Box 571021	Winston Salem	NC	27157	223849199	501(c)(3)	$21,000	$0	Charitable Contrib
Catholic University of Amer
620 Michigan Ave	Washington	DC	20064	530196583	501(c)(3)	$9,441	$0	Research Subcontract
East Carolina University
1001 East 5th Street	Greenville	NC	27858	566000403	115	$11,111	$0	Research Subcontract
Forte Foundation
9600 Escarpment 745 PMB72	Austin	TX	78749	611457145	501(c)(3)	$15,000	$0	Contrib for Scholarship Opportunity
Habitat For Humanity
339 Witt Street	WinstonSalem	NC	27103	561448955	501(c)(3)	$32,500	$0	Habitat House Sponsor
HEART Tutoring Inc
610 E Morehead St Ste 103	Charlotte	NC	28202	454366030	501(c)(3)	$6,000	$0	Sponsorship
Leadership Winston-Salem
624 W Sixth St Ste 110	WinstonSalem	NC	27101	581574887	501(c)(3)	$6,000	$0	Sponsorship General Support
Medical College of Wisconsin
8701 Watertown Plank Road	Milwaukee	WI	53226	390806261	501(c)(3)	$27,966	$0	Research Subcontract
Mission Emanuel
PO Box 25246	WinstonSalem	NC	27114	463214379	501(c)(3)	$40,460	$0	Charitable Service Trip
North Carolina A&T University
1601 E Market St	Greensboro	NC	27411	566000007	115	$11,409	$0	Research Subcontract
Old Hickory Council BSA
6600 Silas Creek Parkway	WinstonSalem	NC	27106	560529985	501(c)(3)	$12,500	$0	Charitable Contribution
Reynolda House Inc
PO Box 7287	WinstonSalem	NC	27109	560810676	501(c)(3)	$425,000	$0	Operations Support
RiverRun International Film
305 W Fourth Street	WinstonSalem	NC	27101	200254183	501(c)(3)	$16,000	$0	Sponsorship - General Support
Sen Geo Mitchell Institute
22 Monument Square Ste 200	Portland	ME	04101	010523390	501(c)(3)	$25,000	$0	Contribution General Support
UNC Chapel Hill
208 West Franklin Street	Chapel Hill	NC	27599	699091994	115	$6,025	$0	Research subcontract
Univ of Kentucky Research Fdn
301 Peterson Service Building	Lexington	KY	48109	616033693	115	$31,113	$0	Research Subcontract
University of Pennsylvania
3451 Walnut Street	Philadelphia	PA	19104	231352685	115	$27,866	$0	Research Subcontract
University of Pittsburgh
116 Atwood Street	Pittsburgh	PA	15251	250965591	115	$37,134	$0	Research Subcontract
University of Virginia
580 Massie Rd	Charlottesville	VA	22903	546001796	115	$59,038	$0	Research Subcontract
Wake Forest College Birthplace Society
PO Box 494	Wake Forest	NC	27588	566072013	501(c)(3)	$76,228	$0	Operations Support
Wake Forest Univ Health Scien
Medical Center Blvd	WinstonSalem	NC	27157	223849199	501(c)(3)	$731,118	$0	Research Subcontracts
Winston Salem Business Inc
1080 W Fourth Street	WinstonSalem	NC	27101	510436665	501(c)(3)	$10,000	$0	Charitable Contribution
W-S Chamber of Commerce
411 W Fourth St Ste 211	WinstonSalem	NC	27101	560459820	501(c)(3)	$10,000	$0	General Support & Membership
YMCA of Northwest NC
301 N Main St Ste 1900	WinstonSalem	NC	27101	560530015	501(c)(3)	$53,064	$0	Research Subcontract

Field	Value	IRS element (for citing)
Total501c3 Org	25	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	2567	$1,856,277
Grants for Student Travel	614	$258,569
General Tuition Scholarships	3209		$77,002,827	Univ. charges	Tuition discounts
Tuition Concessions	154		$4,951,682	Univ. charges	Direct tuition payments
Athletic Tuition Awards	294		$10,407,417	Univ. charges	Tuition discounts
ROTC Scholarships	32	$142,505	$15,133
Athletic Room & Board	197	$2,659,913
Study Abroad Scholarships	269	$1,050,475	$1,690,593	Univ. charges	WFU Program payments
Third Party Scholarships	631	$31,606	$4,401,980	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 (19 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt
Andrew R Chan
VP Career Develop.	$281,011	$181,426	$15,827	$69,500	$21,099	$568,863	$80,213
Anita M Conrad
Asst Secretary	$160,024	$3,000	$258	$16,660	$16,053	$195,995
B Hofler Milam
Exec VP & CFO	$431,253	$25,000	$16,390	$150,096	$21,509	$644,248
Charles L Iacovou
Dean, School of Bus, FY15	$366,123		$5,344	$26,000	$16,802	$414,269
Craig O Thomas
Former Asst Treasurer	$201,071	$99,890	$90	$157,667	$20,265	$478,983	$27,333
Daniel R Manning
Basketball Coach	$1,164,789		$109,773	$13,000	$14,457	$1,302,019
David P Clawson
Football Coach	$1,686,236	$100,000	$290,991	$13,000	$22,939	$2,113,166
J Reid Morgan
S.VP, Sec, G.C.	$435,176	$25,000	$17,903	$26,000	$84,947	$589,026
Jacquelyn Fetrow PhD
Former Dean of Wake Forest College	$123,276	$20,000	$3,987	$12,528	$5,236	$165,027
James J Dunn
Former Chief Invest Officr	$151,805		$26,026	$8,858	$5,871	$192,560		$685,290	$366,117	$9,961	$1,061,368	$82,033
Jeffrey Bzdelik
Basketball Coach	$692,994	$15,000	$527,824	$19,500	$12,156	$1,267,474
Jim B Grobe
Football Coach	$361,217		$1,320,056	$5,550	$2,961	$1,689,784
John D McConnell MD
ExecVP HlthAff								$553,444	$212,316	$20,056	$1,783,509		$997,693
Mark A Petersen
VP - Advancement	$401,650	$25,000	$22,453	$116,582	$18,168	$583,853
Mark E Welker PhD
Former Interim Provost	$219,421		$333	$22,856	$19,335	$261,945
Nathan O Hatch PhD
President	$816,207	$94,000	$113,301	$372,308	$61,003	$1,456,819
Rogan Kersh PhD
Provost	$458,150	$25,000	$20,612	$93,145	$21,204	$618,111
Ronald D Wellman
Director of Athletics	$700,425		$29,460	$297,823	$18,247	$1,045,955
Steven S Reinemund
Former Dean, School of Business	$196,804		$3,000	$20,000	$8,518	$228,322

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 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: $59,024 --- Andrew R. Chan: $8,867 All 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 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. The compensation provided to Lawrence D. Hopkins, MD is paid by a related organization for his services as a faculty member and employee of that related organization and not for his service as a trustee of the filing organization.Compensation from January 1 through April 11, 2014 was paid to James J. Dunn, former VP and CIO, by the filing organization. After 4/11/14, Mr. Dunn was paid by the related party Verger Capital Management, which has contracted for the investing of the University'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)	$13,130,000
C	$30,760,000		$270,000		$30,490,000	1999	false	Yes (true)	Yes (true)	Yes (true)	$19,930,000

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
Engage Bond Counsel Research	Yes (true)	EngageBondCounselResearchInd
Private Bus Use By Others	0.01540	PrivateBusUseByOthersPct
Private Bus Concerning UBI	0.00870	PrivateBusConcerningUBIPct
Total Private Business Use	0.02410	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	Insurnce	LoanPurposeTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Balance Due	$195,000	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	false	BoardOrCommitteeApprovalInd
Written Agreement	Yes (true)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$195,000	TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
Not required
See Part V	$34,037	Tuition Waiv	Education
Not required
See Part V	$14,000	Scholarships	Education

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Blue CrossBlue Shield NC
See Part V	$1,609,573	Health Plan Administrator	false
Julia Hatch
See Part V	$60,348	Employee Compensation	false
Muriel Hopkins
See Part V	$48,630	Employee Wages	false
Angela J Lynde
See Part V	$33,162	Employee Wages	false
Barbara Perry Holding
See Part V	$43,815	Employee wages	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's Board includes an undergraduate student trustee receiving financial aid. As noted in Form 990, Part III, about 59% of our graduate and undergraduate students receive some financial aid.Part IVJulia Hatch: Family member of the organization's president, Nathan O. Hatch, was paid wages for her employment with the filing organization.Muriel Hopkins: Family member of organization's trustee, Lawrence D. Hopkins, M.D., was paid wages for her employment as an instructor of the filing organization's Law School.Blue Cross/Blue Shield of North Carolina: BCBS is the administrator of the University's employee and retiree healthcare plans, and is also a substantial contributor. 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, 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	$15,000	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	96	ContributionCnt
Noncash Contributions Rpt F990	$87,177	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Sale proceeds	MethodOfDeterminingRevenuesTxt

Boats And Planes BoatsAndPlanesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$11,900	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Donor Cost	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	545	ContributionCnt
Noncash Contributions Rpt F990	$9,428,496	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market Value	MethodOfDeterminingRevenuesTxt

Securities Miscellaneous SecuritiesMiscellaneousGrp

Field	Value	IRS element (for citing)
Noncash Contributions Rpt F990	$1,622,483	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Annuity NPV	MethodOfDeterminingRevenuesTxt

Food Inventory FoodInventoryGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	39	ContributionCnt
Noncash Contributions Rpt F990	$19,685	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Retail	MethodOfDeterminingRevenuesTxt

Archaeological Artifacts ArchaeologicalArtifactsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	7	ContributionCnt
Noncash Contributions Rpt F990	$3,513	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Appraisal	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	Computer Equip	34	$43,233	FMV
Yes (X)	Auction goods	37	$23,748	FMV

Field	Value	IRS element (for citing)
Form8283 Received	3	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (true)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part I, Line 32, Hire and Use of Third Parties	Part I, Line 32b. The organization uses Charitable Auto Resources(CARS) to process and sell vehicle donations to its radio station. CARS acts as an agent for the Organization in this process, retaining a flat percentage fee and forwarding the net proceeds to the University.Various Banks and brokers are used to sell donated securities.Local Real estate agents are used to sell property donations.
Part I, Line 33, Revenues Not Reported	Wake Forest University received contributed services from donors valued at $281,150, courtesy cars used by employees make up a substantial portion of this.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Client Note 1	Client Note 1 - Wake Forest University2014 year ended 6/30/2015Attachment 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, Canada, Cayman Islands, 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 Key Employee is on the Board of Directors of American Express, which company issues cards used by the University and a number of others in the specified group; another 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 4: Description of Significant Changes to Organizational Documents	Since the filing of the filing organizations prior Form 990, the division of responsibilities between the governing boards Investment and Finance Committees was revised, and corresponding modifications to the filing organizations Bylaws and Policy Resolutions were accordingly approved by the Board.
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	Conflict of interest management plans are prepared for all those officers, trustees, and key employees which 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.
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.
PART V, LINE 4b: Foreign Accounts	INTEREST IN OR AUTHORITY OVER A FOREIGN ACCOUNTNAME OF COUNTRY: United Kingdom, France, Spain, Austria, Italy, Canada, Nicaragua, Chile, Cayman Islands, China.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (5 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	Restaurant	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	-$38,676	$57,203
Verger Fund I LLC
PO Box 7354	Winston Salem	NC	27109		Holding Verger Capital Fund	DE	NA	$15,574,678	$682,146,794
Wake Forest University Spain SL
					study abroad educ. activities		NA	-$34,684	$9,758	C/Toro 84-90 Oficina Izquierda	Salamanca	Salamanca	SP	37120	SP

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 activities supporting Idealliance	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 (2 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	$466,686	$3,838,233	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	$15,574,678	$682,146,794	false	false	0.63956	$1,155,925

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (14 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
PO Box 7201	WinstonSalem	NC	27109	912129902	Investment	NC	WFU	T	$399,772	0.60860	false
WFU - 6 CRUT
PO Box 7201	WinstonSalem	NC	27109	582175582	Investment	NC	WFU	T	$34,285	0.68320	false
WFU - 6 CRUT
PO Box 7201	WinstonSalem	NC	27109	566473036	Investment	NC	WFU	T	$162,255	0.68310	false
WFU - 6 CRUT
PO Box 7201	WinstonSalem	NC	27109	911832851	Investment	NC	WFU	T	$371,398	0.68310	false
WFU - 6375 CRUT
PO Box 7201	WinstonSalem	NC	27109	566459446	Investment	NC	WFU	T	$92,417	0.60030	false
WFU - 6 CRUT
PO Box 7201	WinstonSalem	NC	27109	900237204	Investment	NC	WFU	T	$197,191	0.68310	false
WFU - 5 CRUT
PO Box 7201	WinstonSalem	NC	27109	582045283	Investment	NC	WFU	T	$209,642	0.53640	false
WFU - 79 CRAT
PO Box 7201	WinstonSalem	NC	27109	566555544	Investment	NC	WFU	T	$401,361	0.68650	false
WFU - 6 CRUT
PO Box 7201	WinstonSalem	NC	27019	566476872	Investment	NC	WFU	T	$126,673	0.57150	false
WFU - 75 CRUT
PO Box 7201	WinstonSalem	NC	27109	466427408	Investment	NC	WFU	T	$60,923	0.50200	false
WFU - 5 CRUT
PO Box 7201	WinstonSalem	NC	27109	456782977	Investment	NC	WFU	T	$182,871	0.52630	false
WFU - 5 CRAT
PO Box 7201	WinstonSalem	NC	27109	566537111	Investment	NC	WFU	T	$2,000	1.00000	false
WFU - 8 CRUT
PO Box 7201	WinstonSalem	NC	27109	912131579	Investment	NC	WFU	T	$60,223	0.76360	false
WFU - 5 CRUT
PO Box 7201	WinstonSalem	NC	27109	566562122	Investment	NC	WFU	T	$52,108	0.66410	false

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	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 (15 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
Wake Forest University Foundation
o	$81,115	FMV
Wake Forest University Health Sciences
c	$1,000,000	Cash Transfer
Wake Forest University Health Sciences
p	$4,503,916	Cash Transfer
Wake Forest University Health Sciences
q	$7,268,091	Cash Transfer
Wake Forest University Development Fndn
c	$241,835	Cash Payment
Wake Forest University Development Fndn
d	$96,257	FMV
Wake Forest University Development Fndn
o	$71,954	FMV
Reynolda House Inc
b	$425,000	Cash payment
The James W Denmark Loan Fund Inc
s	$165,371	Cash transfer
Verger Capital Management LLC
d	$5,752,947	Cash transfer
Verger Capital Management LLC
j	$150,823	FMV
Verger Capital Management LLC
m	$2,333,544	FMV
Verger Capital Management LLC
q	$1,303,780	Cash transfer
Verger Capital Fund LLC
r	$6,218,066	Cash transfer
Verger Capital Fund LLC
s	$8,748,920	Cash transfer

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-tern 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.