2025-05-15T08:55:23-05:00 2024-06-30 990 2023-07-01 562038194 WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION WAKE 3367585233 1834 WAKE FOREST ROAD BOX 7201 WINSTONSALEM NC 27109 Jacqueline A Travisano EdD CFO/EVP/TREASURER 3367585233 2025-05-12 0 0 2023 2025-03-06 01:10:19Z Susan R Wente PhD 1834 WAKE FOREST ROAD BOX 7201 WINSTONSALEM NC 27109 124523 0 X N/A X 1996 NC The organization operates as a supporting organization exclusively for the benefit of Wake Forest University, Wake Forest University Health Sciences, and Reynolda House, Inc., by holding, maintaining and selling real and personal property that has been donated for the benefit of one or more of the supported entities. 13 13 0 13 0 0 0 0 0 0 0 -13634 0 0 0 -13634 0 124523 0 0 0 0 0 0 0 8442 0 8442 124523 -8442 -138157 215711 77144 104473 104063 111238 -26919 X The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"), Wake Forest University Health Sciences ("WFUHS"), and Reynolda House, Inc. ("RH"), each of which supported organizations are 501 (c)(3) organizations. The organization's purposes include: (1) serving as the recipient of properties contributed to the supported organizations to be held temporarily; (2) managing short-term contributed properties; (3) determining whether and when prospective contributions of real or personal property should be accepted, retained, liquidated or transferred; (4) obtaining, acquiring, receiving, constructing, erecting or improving properties to which the organization holds title; holding, retaining, leasing, managing, selling, 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 124523 124523 0 The organization serves as a conduit for holding and disposing of donated real and personal property and supports Wake Forest University and its affiliates with proceeds from sales or dispositions of such properties as designated to the various programs and entities. 124523 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 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 POBOX 7201 WinstonSalem NC 27109 X Mit B Shah Chair 0.30 8.70 X 0 0 0 Robert J McCreary Vice Chair 0.30 3.40 X 0 0 0 Lynn C Baranski Trustee 0.30 4.30 X 0 0 0 Frederick W Eubank II Trustee 0.30 6.30 X 0 0 0 Peter C Brockway Trustee 0.30 5.30 X 0 0 0 Frank B Holding Jr Trustee 0.30 5.30 X 0 0 0 Mary Torbet Hays Trustee 0.30 7.30 X 0 0 0 Aubrey L Martin Trustee 0.30 3.30 X 0 0 0 John M McAvoy Trustee 0.30 3.30 X 0 0 0 James M O'Connell Trustee 0.30 5.30 X 0 0 0 Ogden Phipps II Trustee 0.30 3.30 X 0 0 0 Michael C Smith Trustee 0.30 4.30 X 0 0 0 David I Wahrhaftig Trustee 0.30 3.30 X 0 0 0 Susan R Wente PhD President 0.30 34.20 X 0 1473696 325680 Jacqueline A Travisano EdD Vice President 0.30 39.70 X 0 664837 129267 J Reid Morgan Secretary 0.30 33.70 X 0 690571 108874 Anita M Conrad Assistant Secretary-retired 10/31/23) 0.30 33.70 X 0 218902 42998 0 3048006 606819 0 0 1 0 0 124523 138157 -13634 -13634 -13634 -13634 -13634 0 0 124523 124523 124523 124523 0 0 71711 77144 144000 215711 77144 409 0 104064 104063 104473 104063 X -23649 -26919 134887 0 111238 -26919 215711 77144 -138157 0 X 0 1 X 1 0 X X 3 Wake Forest University 560532138 2 1 124523 0 Reynolda House Inc 560810676 7 1 0 0 WFU Health Sciences 223849199 2 1 0 0 3 124523 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Due to Wake Forest University 104063 104063 X 7257 20891 20891 -13634 0 -13634 145414 20891 20891 124523 0 124523 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 year 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. 1 Wake Forest University PO Box 7201 WinstonSalem NC 27109 560532138 501(c)(3) 124523 0 To benefit teaching and learning at Wake Forest University 1 0 Part I, Line 2: Wake Forest University Development Foundation provides cash program support to Wake Forest University, WFU Health Sciences, and Reynolda House, its supported organizations. The organization provides funds to the organization designated by the donor. The supported organizations are all institutions with their own sets of policies and procedures for monitoring the use of grant funds. Therefore, Wake Forest University Development Foundation does not subsequently monitor the use of its grants. 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 Vice President 0 385181 0 273411 0 6245 0 116500 0 12767 0 794104 0 0 Anita M Conrad Assistant Secretary-retired 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 $116,500 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. $112,500 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 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. Related party hours worked are due to a trustee's presence on the Board of Wake Forest University or the Board of another related entity. The following officers were compensated directly by the organization's supported organization, Wake Forest University, for services performed for the filing organization, Wake Forest University, and 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) 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 "parent," 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 and key employees who receive compensation for full-time employment from the related organization, Wake Forest University, have review and approval 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 Restated 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 Wake Forest University, one of the organizations that it supports; these consolidated statements are available to the public on the University's website. Form 990 Part VII Hours Allocated to This and Other Related and Affiliated Organizations: J. Reid Morgan Filing Organization: 0.3 hours Related Organizations: 33.7 hours Affiliated Orgs: 6.0 hours Susan R. Wente, Ph.D. Filing Organization: 0.3 hours Related Organizations: 34.2 hours Affiliated Orgs: 5.5 hours Jacqueline A. Travisano, Ed.D. Filing Organization: 0.3 hours Related Organizations: 39.7 hours Affiliated Orgs: 0.0 hours Anita Conrad Filing Organization: 0.5 hours Related Organizations: 36.5 hours Affiliated Orgs: 3.0 hours Wake Forest University PO Box 7201 WinstonSalem NC 27109 560532138 Education and Research NC 501(c)(3) Line 2 N/A 0 Wake Forest University Foundation PO Box 7201 WinstonSalem NC 27109 562038193 Real Estate Holding & Management NC 501(c)(3) Line 11a, I Wake Forest University 0 Wake Forest University Health Sciences Medical Center Blvd WinstonSalem NC 27157 223849199 Medical Education, Research & Patient Care NC 501(c)(3) Line 2 Wake Forest University 0 Reynolda House Inc PO Box 7287 WinstonSalem NC 27109 560810676 Art Museum NC 501(c)(3) Line 7 Wake Forest University 0 Fundacion Educacional Wake Forest Chile 280 Santa Lucia Santiago CI 560532138 Study Abroad Education CI 501(c)(3) Wake Forest University 0 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 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 0 0 Verger Capital Fund LLC 751 W Fourth Street Suite 410 Winston Salem NC 27101 464027021 Endowment Investing DE 0 0 Verger Fund II LLC 751 W Fourth Street Suite 410 WinstonSalem NC 27101 352514227 Endowment investing DE 0 0 Wake Forest Technology Development Program 2520 Meridian Pkwy 400 Durham NC 27713 475437596 Tech Devel. NC 0 0 Wake Forest Ambulatory VTR LLC Medical Center Blvd WinstonSalem NC 27157 820777206 Healthcare NC 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0