2025-05-15T08:53:40-05:00 2024-06-30 990 2023-07-01 562038193 WAKE FOREST UNIVERSITY FOUNDATION WAKE 3367585233 1834 WAKE FOREST ROAD BOX 7201 WINSTONSALEM NC 27109 Jacqueline A Travisano EdD CFO/EVP/TREASURER 3367585233 2025-05-12 0 2023 2025-03-06 01:10:19Z Susan R Wente PhD 1834 WAKE FOREST ROAD BOX 7201 WINSTONSALEM NC 27109 156092 0 X N/A X 1996 NC The organization operates as a supporting organization of Wake Forest University. 13 13 0 13 131588 0 0 0 165184 156092 0 0 0 0 165184 156092 0 0 0 0 0 0 0 0 0 259187 284826 259187 284826 -94003 -128734 7526237 5869353 2479913 73859 5046324 5795494 X The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"). Its objectives include: (1) serving as a holding and management company for long-term properties and endowments; (2) managing planned-giving properties and programs; (3) assisting in WFU development; (4) obtaining, acquiring, receiving, constructing, erecting or otherwise providing real and personal property; improving properties to which the organization holds title; and holding, retaining, leasing, licensing, renting, managing, investing, reinvesting, selling, or otherwise disposing of or assigning the income from and/or rights in or to real and personal property; and (5) establishing subsidiary organizations or entities. 0 0 284826 24504 The organization holds, leases, manages, and invests income from, through its disregarded subsidiary entities, certain real properties on behalf of its parent organization, Wake Forest University. 284826 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 2 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Marnie S Matthews 3367585233 PO Box 7201 WinstonSalem NC 27109 X Mit B Shah Chair 0.20 5.80 X 0 0 0 Robert J McCreary Vice Chair 0.20 4.50 X 0 0 0 Lynn C Baranski Trustee 0.20 4.40 X 0 0 0 Frederick W Eubank II Trustee 0.20 6.40 X 0 0 0 Peter C Brockway Trustee 0.20 6.40 X 0 0 0 Frank B Holding Trustee 0.20 5.40 X 0 0 0 Marybeth Torbet Hays Trustee 0.20 3.40 X 0 0 0 Aubrey L Martin Trustee 0.20 3.40 X 0 0 0 John M McAvoy Trustee 0.20 3.40 X 0 0 0 James M O'Connell Trustee 0.20 3.40 X 0 0 0 Ogden Phipps II Trustee 0.20 3.40 X 0 0 0 Michael C Smith Trustee 0.20 7.40 X 0 0 0 David I Wahrhaftig Trustee 0.00 X 0 0 0 Jacqueline A Travisano EdD VP & Treasurer 0.20 39.80 X 0 664838 129267 J Reid Morgan Secretary 0.20 33.80 X 0 690571 108874 Susan R Wente PhD President 0.20 34.30 X 0 1473696 325680 Anita M Conrad Assistant Secretary through 10/31/23 0.40 36.60 X 0 218902 42998 0 3048007 606819 0 0 1 0 Ayers Saint Gross Inc 1040 Hull St Ste 100 Baltimore MD 21230 Design Services 360536 Brailsford & Dunlavey Inc 1220 19th St Ste 400 Washington DC 20036 Real Estate Advisory Services 182840 2 Facility Management 531310 156092 24504 131588 156092 156092 24504 131588 0 87037 87037 240 240 31019 31019 15120 15120 10445 10445 Property Taxes 120487 120487 Dues/Licenses/Fees 11276 11276 Repairs and Maintenance 8655 8655 Miscellaneous 547 547 284826 284826 0 0 154212 299600 8065 9851 5279276 715289 7363960 4563987 0 995915 7526237 5869353 9953 72224 2469960 1635 2479913 73859 X 5046324 5795494 5046324 5795494 7526237 5869353 -128734 877904 0 X 0 1 X 1 0 X X 1 Wake Forest University 560532138 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 3158205 3158205 1090421 353585 736836 343466 338743 4723 22961 22961 0 664223 664223 4563987 Intercompany Receivable 995768 Other 147 995915 Deferred Revenue 1635 1635 X 1033996 877904 877904 156092 0 156092 284826 0 284826 0 284826 Part X, Line 2: The filing organization is not required to provide a FIN 48 Statement separate from its parent, Wake Forest University, with which it prepares a consolidated financial statement. There are no known FIN 48 disclosure items in the Foundation. The footnote for income taxes from the consolidated financial statements of its parent, Wake Forest University, is as follows: The University is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is generally exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. If applicable, unrelated business income is reported by all member and subsidiary organizations on IRS Form 990-T. Fiscal years ending on or after June 30, 2021 remain subject to examination by federal and state tax authorities. The University has evaluated uncertain tax positions for the years ended June 30, 2024, including a quantification of tax risks in areas such as unrelated business income and taxation of its for-profit subsidiaries. This evaluation did not identify any material items that affect the consolidated financial statements for the year ended June 30, 2024. 0 1 0 0 0 0 0 0 0 Susan R Wente PhD President 0 1041165 0 358750 0 73781 0 250725 0 74955 0 1799376 0 0 J Reid Morgan Secretary 0 462733 0 48000 0 179838 0 73575 0 35299 0 799445 0 112500 Jacqueline A Travisano EdD VP & Treasurer 0 385182 0 273411 0 6245 0 116500 0 12767 0 794105 0 0 Anita M Conrad Assistant Secretary through 10/31/23 0 218267 0 0 0 635 0 22223 0 20775 0 261900 0 0 Part I, Line 4b Line 4b payments: The compensation of Dr. Susan R. Wente, President, includes $234,225 shown in Schedule J, Part II, Column C, from her participation in a deferred compensation arrangement. All compensation is provided by Wake Forest University, for services provided to Wake Forest University. The compensation of Dr. Jacqueline A. Travisano, Ed.D., VP & Treasurer, includes $100,000 is shown in Schedule J, Part II, Column C, from her participation in a deferred compensation arrangement. Dr. Travisano is the EVP, CFO, and Treasurer of Wake Forest University, a related organization. All compensation is provided by Wake Forest University, for services provided to Wake Forest University. The compensation of J. Reid Morgan, Secretary, includes a deferred compensation payout of $153,075 which is included in his 2023 Form W-2 and in column Biii. $112,000 of that payment is shown in Schedule J, Part II, Column F and has been previously reported on a prior year Form 990. His compensation also includes $40,575 shown in Schedule J, Part II, Column C, from his participation in a deferred compensation arrangement. Mr. Morgan is the Senior Vice President , Secretary, and General Counsel of Wake Forest University, a related organization. All compensation is provided by Wake Forest University, for services provided to Wake Forest University. Part III Additional Information The filing organization has no employees, and none of its trustees are compensated for their services to the filing organization. The following officers were compensated directly by the filing organization's supported organization, Wake Forest University, for services performed for the filing organization, for Wake Forest University, and for other organizations related to Wake Forest University: Susan R. Wente, PhD (President) Jacqueline A. Travisano, Ed.D. (Vice President and Treasurer) J. Reid Morgan (Secretary) Anita M. Conrad (Assistant Secretary - through 10/31/2023) Form 990, Part VI, Section A, line 7a Line 7a explanation - The filing organization's governing body is elected by the governing body of the filing organization's supported organization, Wake Forest University. Form 990, Part VI, Section B, line 11b Line 11b Explanation - The organization sends a draft of the Form 990 to its Board of Trustees prior to its filing, allowing adequate time for follow-up questions and comments. The organization provides a copy of the Form 990 as finalized to all members of the Board of Trustees prior to filing it with the IRS. Form 990, Part VI, Section B, line 12c The organization requires officers and trustees to annually review the organization's Conflicts of Interest Policy and to disclose annually (and as they arise) any potential conflicts of interest. The policy provides a process for the determination of conflicts of interest and the resolution of potential and actual conflicts by the remaining independent Board members (or an independent third party appointed by the Chair, when appropriate). Form 990, Part VI, Section B, line 15 The filing organization has no employees, but officers receive compensation for employment with the related organization, Wake Forest University. Compensation review and approval are performed in that entity. The President(CEO)receives compensation for full-time employment with the related organization, Wake Forest University. Compensation review and approval are performed in that entity. Form 990, Part VI, Section C, line 19 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 upon request. The organization is included in the consolidated financial statements of related organization, Wake Forest University, which are available to the public on the University's website: www.wfu.edu. Form 990 Part VII Hours Allocated to This and Other Related and Affiliated Organizations: J. Reid Morgan Filing Organization: 0.2 hours Related Organizations: 33.8 hours Affiliated Orgs: 6.0 hours Susan R. Wente, Ph.D. Filing Organization: 0.2 hours Related Organizations: 34.3 hours Affiliated Orgs: 5.5 hours Jacqueline A. Travisano, Ed.D. Filing Organization: 0.2 hours Related Organizations: 39.8 hours Affiliated Orgs: 0.0 hours Anita Conrad Filing Organization: 0.4 hours Related Organizations: 36.6 hours Affiliated Orgs: 3.0 hours Deacon Blvd Holdings II LLC PO Box 7201 WinstonSalem NC 27109 262587778 Real estate holding company NC 131588 1341966 Wake Forest University Foundation Deacon Blvd Holdings III LLC PO Box 7201 WinstonSalem NC 27109 262587837 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings IV LLC PO Box 7201 WinstonSalem NC 27109 262587893 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings V LLC PO Box 7201 WinstonSalem NC 27109 262587935 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings VI LLC PO Box 7201 WinstonSalem NC 27109 262587974 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings VII LLC PO Box 7201 WinstonSalem NC 27109 262588004 Real estate holding company NC 24504 1406655 Wake Forest University Foundation Deacon Blvd Holdings IX LLC PO Box 7201 WinstonSalem NC 27109 262588105 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings X LLC PO Box 7201 WinstonSalem NC 27109 262588142 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings XI LLC PO Box 7201 WinstonSalem NC 27109 262588180 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings XII LLC PO Box 7201 WinstonSalem NC 27109 262588219 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings XIII LLC PO Box 7201 WinstonSalem NC 27109 262588263 Real estate holding company NC 0 475214 Wake Forest University Foundation Deacon Blvd Holdings XIV LLC PO Box 7201 WinstonSalem NC 27109 262588302 Real estate holding company NC 0 303552 Wake Forest University Foundation Deacon Blvd Holdings XV LLC PO Box 7201 WinstonSalem NC 27109 262588346 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings XVI LLC PO Box 7201 WinstonSalem NC 27109 262588379 Real estate holding company NC 0 0 Wake Forest University Foundation Deacon Blvd Holdings VIII LLC PO Box 7201 WinstonSalem NC 27019 262588043 Real estate holding company NC 0 0 Wake Forest University Foundation Wake Forest University POBox 7201 WinstonSalem NC 27109 560532138 Education and Research NC 501(c)(3) Line 2 N/A 0 Wake Forest University Development Foundation POBox 7201 WinstonSalem NC 27109 562038194 Holds & sells donated real estate for Wake Forest Univ. NC 501(c)(3) Line 11a Wake Forest University 0 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 0 Reynolda House Inc POBox 7287 WinstonSalem NC 27109 560810676 Art Museum NC 501(c)(3) Line 7 Wake Forest University 0 Wake Forest University Health Sciences Group Medical Center Blvd WinstonSalem NC 27157 900222618 Kidney dialysis treatment centers NC 501(c)(3) Line 11a, I WFU Health Sciences 0 Wake Forest Innovation Quarter Development Company Medical Center Blvd WinstonSalem NC 27157 562094067 Research Park development NC 501(c)(6) WFU Health Sciences 0 Innovation Quarter Medical Center Blvd WinstonSalem NC 27157 061818498 Research park development oversight NC 501(c)(3) Line 11a, I WFU Health Sciences 0 RegenMed Development Organization Medical Center Blvd WinstonSalem NC 27157 202710571 Education supporting Regenerative Med. NC 501(c)(3) Line 7 WFU Health Sciences 0 Wake Forest Innovation Quarter CDC Medical Center Blvd WinstonSalem NC 27157 200177581 Research Park & community economic devel NC 501(c)(3) Line 11a, I WFU Health Sciences 0 Childress Institute for Pediatric Trauma 575 N Patterson Ave Ste 140 WinstonSalem NC 27101 463674691 Medical Research NC 501(c)(3) Line 3 WFU Health Sciences 0 Wake Forest Emergency Providers Medical Center Blvd WinstonSalem NC 27157 561903275 Operates Primary Care Clinics NC 501(c)(3) Line 3 WFU Health Sciences 0 Verger Capital Management LLC 751 W Fourth Street Suite 410 Winston Salem NC 27101 464037343 Asset Management DE Wake Forest Univ 0 0 Verger Capital Fund LLC 751 W Fourth Street Suite 410 Winston Salem NC 27101 464027021 Endowment Investing DE Verger Fund I 0 0 Verger Fund II LLC 751 W Fourth Street Suite 410 WinstonSalem NC 27101 352514227 Endowment Investing DE WFU Health Sciences 0 0 Wake Forest Technology Development Prog 2520 Meridian Pkwy 400 Durham NC 27713 475437596 Tech Devel. NC WFU Health Sciences 0 0 Wake Forest Ambulatory VTR LLC Medical Center Blvd WinstonSalem NC 27157 820777206 Healthcare NC WFU Health Sciences 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0