North Carolina · Nonprofit
WAKE FOREST UNIVERSITY HEALTH SCIENCES
WAKE FOREST UNIVERSITY HEALTH SCIENCES (North Carolina) receives grants from 188 organizations whose IRS filings report $138,735,818 to it, the largest being ALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC ($42,908,577). 110 of them have funded it in more than one year.
- Revenue FY2024
- $1.7B
- Funders on record
- 188
- Grants received
- $139M
- Net assets
- $1.0B
What Wake Forest University Health Sciences does
Mission
See schedule o for continuationWake Forest University Health Sciences (at times also referred to as "wake forest university school of medicine", "wfuhs or "the filing organization") is an integral part of atrium health wake forest baptist (at times also referred to as "ahwfb"), a preeminent learning health system and academic medical center of the highest quality with balanced excellence in patient care, research and education that promotes better health for all through collaboration, excellence and innovation. Ahwfb's mission is to improve health, elevate hope and advance healing - for all and its vision is to be the first and best choice for care.
As stated on its FY2024 Form 990.
Programs
Medical research, general/other: research comprised of basic science clinical research and population based studies and is centered on the acquisition and advancement of scientific knowledge and new technology and their transfer to industry and the patient in order to prevent and treat disease and promote health (1,309 grants).
$153,023,281 spentof which $21,829,513 as grants$431,817 earned by the program10% of program spendingPatient care and medical expenses in providing services to over 1,621,000 patient encounters during the tax year.
$967,098,255 spentof which $112,979 as grants$1,154,948,700 earned by the program63% of program spendingProfessional education: instruction of 2,100 medical, graduate, physician assistant, crna, and biomedical engineering students. Scholarships and aid provided to 775 students.
$417,658,813 spentof which $57,961,072 as grants$70,663,360 earned by the program27% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,537,780,349.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $1.6B to $2.0B (+25%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 17% · 2018 17% · 2019 17% · 2020 17% · 2021 14% · 2022 17% · 2023 18% · 2024 16%. Grants only. Government contracts and fees sit inside program revenue.
24% of WAKE FOREST UNIVERSITY HEALTH SCIENCES’s revenue is contributions — more donation-reliant than the typical peer (14% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Julie Ann Freischlag Md
Director, CEO ahwfb
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 39 funders to 77 funders, grant income rose $3.5M → $21M.
30 of 188 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 10% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $50M from 12 payers (the payer shares this organization's board, largest Wake Forest University Baptist Medical Center). These are real filings, and they are not money WAKE FOREST UNIVERSITY HEALTH SCIENCES raised.
From the IRS filings of WAKE FOREST UNIVERSITY HEALTH SCIENCES’s funders (the co-funder graph). Top 30 of 188 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
WAKE FOREST UNIVERSITY HEALTH SCIENCES has a broad base — no single funder exceeds 31% of grant income, and it takes 5 funders to reach half.
the vertical line marks half of all grant income — 5 funders to its left
98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund WAKE FOREST UNIVERSITY HEALTH SCIENCES.
Largest funder’s share by year: 2017 30% · 2018 34% · 2019 29% · 2020 24% · 2021 38% · 2022 43% · 2023 39% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
46% of WAKE FOREST UNIVERSITY HEALTH SCIENCES's funders are still giving 3 years after their first grant; 59% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
WAKE FOREST UNIVERSITY HEALTH SCIENCES draws 94% of its grant income from funders outside North Carolina, across 27 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $13M arriving through sponsors registered in 17 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
WAKE FOREST UNIVERSITY HEALTH SCIENCES runs a healthier operating margin than half of the 696 education nonprofits its size.
this organization peer median middle 50% of peers· 696 education nonprofits over $100M, FY2024
Government funding WAKE FOREST UNIVERSITY HEALTH SCIENCES receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.7B on record.
- Department of Health and Human Services$1.5B
- Department of Defense$123.2M
- National Science Foundation$51.2M
- Department of Veterans Affairs$18.8M
- Department of the Interior$13.4M
- Department of Transportation$8.1M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like WAKE FOREST UNIVERSITY HEALTH SCIENCES
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
95% of spending goes to programs.
Governance
Public support
87%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 8 states
Part of a family of 30 related entities
- Brf-A1a LLC · disregarded
- Wfiq Holdings LLC · disregarded
- Seed Stage Associates LLC · disregarded
- Brf Deck 1 LLC · disregarded
- Brf-A1 LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for WAKE FOREST UNIVERSITY HEALTH SCIENCES: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds WAKE FOREST UNIVERSITY HEALTH SCIENCES?
- WAKE FOREST UNIVERSITY HEALTH SCIENCES (North Carolina) receives grants from 188 organizations whose IRS filings report $138,735,818 to it, the largest being ALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC ($42,908,577). 110 of them have funded it in more than one year.
- How many funders does WAKE FOREST UNIVERSITY HEALTH SCIENCES have?
- IRS filings report 188 organizations giving $138,735,818 in grants to WAKE FOREST UNIVERSITY HEALTH SCIENCES, 110 of which have funded it in more than one year.
- Who is the largest funder of WAKE FOREST UNIVERSITY HEALTH SCIENCES?
- ALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC is the largest funder on record, with $42,908,577 in grants. The full list of funders is on this page.
- How can an organization like WAKE FOREST UNIVERSITY HEALTH SCIENCES find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 188 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing