Overview
What is Wake Forest University?
Wake Forest University, founded in 1834 and located in Winston-Salem, North Carolina, is a private, coeducational collegiate institution renowned for its blend of a liberal arts college's intimacy with a research university's academic vigor. With a student population of over 8,000, Wake Forest is dedicated to an ethically informed education, emphasizing personal growth, community interaction, and individual honor. The university consists of several schools, including Wake Forest College, the Graduate School of Arts and Sciences, the School of Law, the School of Medicine, the School of Business, the School of Divinity, and the School of Professional Studies. Wake Forest is committed to personalized teaching and student development, as well as expanding its academic profile and offering programs worldwide. It has been ranked among the top 30 national universities in the U.S. for over 27 consecutive years, providing access to financial aid for approximately 53% of its students. Wake Forest's educational model, known as the Engaged Liberal Arts, emphasizes making students active participants in their learning through small class sizes and a variety of instructional methods. The university's commitment to global education is evident through its study abroad programs and partnerships, making it one of the top doctoral institutions in international study.
Official website here: www.wfu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Wake Forest University has received an impressive 96% score from Charity Navigator, indicative of its strong commitment to accountability and financial health. The organization has a well-structured governance system, with 95% of its board members being independent, ensuring a high level of oversight and reduced conflict of interest. The financial statements are rigorously audited, further enhancing reliability.
The university excels in its program expense ratio, dedicating 85.55% of its resources directly to its programs, which is a positive sign of its mission-driven approach. The presence of comprehensive policies, including conflict of interest and whistleblower protections, highlights its dedication to ethical practices and transparency.
While the data reflects strong operational standards, the overall rating reinforces Wake Forest University's position as a trustworthy nonprofit committed to its educational goals. However, as with any organization, ongoing monitoring of its financial practices and governance is essential to maintain these standards.
This AI summary has been generated from information found on Charity Navigator.
Is Wake Forest University legitimate?
Wake Forest University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wake Forest University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $9,103,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $235,119,479
For more financial information, click here
Official website here: www.wfu.edu
What is the mission statement of Wake Forest University?
Wake Forest University is a higher education institution committed to the pursuit of excellence in the liberal arts and various graduate and professional programs. The organization encompasses seven distinct parts: Wake Forest College, the Graduate School of Arts and Sciences, the School of Law, the School of Medicine, the School of Business, the School of Divinity, and the School of Professional Studies. Wake Forest University values the ideals of liberal learning, which include transmitting cultural heritages, teaching fundamental learning methods, fostering critical moral, aesthetic, and religious value appreciation, expanding knowledge through in-depth study and research, and applying knowledge to serve humanity.
Official website here: www.wfu.edu
Who is the CEO of Wake Forest University?
Susan R Wente Phd is the President & Trustee of Wake Forest University.
Official website here: www.wfu.edu
What is the revenue of Wake Forest University?
Wake Forest University's revenue in 2022 was $715,438,504.
Official website here: www.wfu.edu
Who are the executives of Wake Forest University and what are their salaries?
The average compensation at Wake Forest University during 2022 was $44,036. There are 5546 employees and 2200 volunteers at Wake Forest University.
Here are 66 key members and their salaries:
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Official website here: www.wfu.edu
Where can I find the form 990 for Wake Forest University?
Wake Forest University's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wfu.edu
Learn more at the official website: www.wfu.edu
Mission Statement of Wake Forest University
Wake Forest University, a renowned institution of higher education, is committed to achieving excellence in the liberal arts and in graduate and professional education. Established as a 501(c)(3) organization, this distinguished university consists of seven distinct constituent parts: Wake Forest College, the Graduate School of Arts and Sciences, the School of Law, the School of Medicine, the School of Business, the School of Divinity, and the School of Professional Studies.
The mission of Wake Forest University is rooted in the ideals of liberal learning. This means that the university is dedicated to preserving cultural heritages, teaching the fundamental methods of learning in key areas of human knowledge, fostering critical appreciation for moral, aesthetic, and religious values, expanding knowledge through intensive studies and research, and ultimately, applying knowledge to serve humanity.
Wake Forest University aspires to uphold the time-honored values of academic pursuit. Its academic programs are designed to equip students with a solid foundation in the liberal arts and provide them with the skills and knowledge needed to succeed in their chosen fields. The university's commitment to excellence extends beyond the classroom, as it encourages students to engage in intellectual discourse and explore new ideas.
Additionally, Wake Forest University is deeply invested in the application of knowledge to make a positive impact on the world. Through its various schools and programs, the university offers students ample opportunities to apply their learning to real-world challenges and contribute to the betterment of society. By combining rigorous academics with a strong commitment to scholarship and service, Wake Forest University prepares its graduates to lead and excel in their chosen professions and make a difference in the lives of others.
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Impact
October, 2024
Wake Forest University significantly impacts both its students and the broader community through its commitment to excellence in education, research, and ethical leadership. Founded in 1834 and located in Winston-Salem, North Carolina, the university blends the personal touch of a liberal arts college with the rigor of a research institution, emphasizing a unique educational model known as the Engaged Liberal Arts.
With an enrollment of over 8,000 students, including approximately 5,472 undergraduates, Wake Forest attracts a diverse student body from 47 U.S. states and 64 countries. This diversity enriches the academic experience, fostering a global perspective critical in today's interconnected world. The university's strong emphasis on small class sizes and a favorable student-faculty ratio allows for personalized attention, enhancing students' engagement and teamwork skills.
Wake Forest's academic programs encompass a broad range of disciplines across its various schools, including the arts and sciences, business, law, medicine, and divinity. The university is recognized for its high standards; it has been ranked among the Top 30 National Universities by U.S. News & World Report for 27 consecutive years and is celebrated for its value in education, combining quality with affordability. More than half of the student body participates in international study programs, further enriching their educational experiences.
The university’s commitment to service is encapsulated in its motto, "Pro Humanitate" (For Humanity). This guiding principle shapes its approach to education, encouraging students to cultivate ethical awareness and engage deeply with their communities. Wake Forest prepares its graduates to be responsible leaders and innovators, equipping them with the skills to address societal challenges.
Moreover, the university actively promotes access and opportunity, with 53% of its students receiving financial aid awards. This focus on inclusivity highlights its mission to create an environment where all students can thrive, regardless of their backgrounds.
In essence, Wake Forest University stands out not only for its academic prowess but also for its dedication to cultivating a sense of purpose among its students, preparing them to make meaningful contributions to society and lead lives informed by compassion and integrity.
This information is meant to be a general summary of Wake Forest University. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $61,644,679
- Program Service Revenue: $510,330,123
- Gross Receipts: $1,221,671,044
Assets and Liabilities:
- Total Assets: $2,572,484,456
- Total Liabilities: $782,553,773
- Net Assets: $1,789,930,683
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Fees
Revenue
$410,698,237
Athletic Programs
Revenue
$49,353,160
Student Housing & Dining
Revenue
$42,112,737
Student Health Services
Revenue
$3,966,349
Organized Activities
Revenue
$2,742,287
Organization Details
Founding Year
1834
Phone
(336) 758-5233Principal Officer
Susan R Wente Phd
Main Address
1834 WAKE FOREST RD BOX 7201, WINSTONSALEM, NC, 27109
Website
www.wfu.eduNTEE Category
Code: B430 - Education
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