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.
Executive compensation
Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in North Carolina.
| Position | Total |
|---|---|
President Above 90th percentile | $326k $356k |
VP & Treasurer Vice President 25th percentile to median | $129k $141k |
Secretary Secretary (Operational) Median to 75th percentilevs Education peers nationwide | $109k $119k |
Assistant Secretary Through 10/31/23 Secretary (Operational) 25th percentile to medianvs Education peers nationwide | $43k $47k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 13 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at WAKE FOREST UNIVERSITY FOUNDATION equaled 114% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 4%
from 2022
From $314k in 2022 to $326k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 4% from 2022 to 2023, while revenue fell 6%.
- Vice President pay fell 51% from 2022 to 2023.
- Secretary (Operational) pay fell 23% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about WAKE FOREST UNIVERSITY FOUNDATION
What does the Chief Executive Officer of WAKE FOREST UNIVERSITY FOUNDATION earn?
In 2023, the Chief Executive Officer of WAKE FOREST UNIVERSITY FOUNDATION received $325,680 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in North Carolina: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at WAKE FOREST UNIVERSITY FOUNDATION compare with similar nonprofits?
Compared with the same role at Education organizations in North Carolina, the 2023 pay of the Chief Executive Officer at WAKE FOREST UNIVERSITY FOUNDATION falls in the top 10%. In 2023, the highest total compensation at WAKE FOREST UNIVERSITY FOUNDATION equaled 114% of the organization's total expenses. The median for education organizations is 7%.
What are WAKE FOREST UNIVERSITY FOUNDATION's revenue and expenses?
In 2023, WAKE FOREST UNIVERSITY FOUNDATION reported $156k in total revenue and $285k in total expenses on its IRS Form 990.
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