North Carolina · Nonprofit
Winston-Salem State University Foundation Inc
Winston-Salem State University Foundation Inc (North Carolina) receives grants from 63 organizations whose IRS filings report $41,148,207 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($30,001,000). 29 of them have funded it in more than one year, and 88% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $16M
- Funders on record
- 63
- Grants received
- $41M
- Net assets
- $76M
What Winston-Salem State University Foundation Inc does
Mission
To provide financial support to the students and faculty of Winston-Salem State University.
As stated on its FY2025 Form 990.
Programs
Scholarship Assistance to students The Foundation supports students through scholarship assistance and related educational support.
$1,165,097 spentof which $1,165,097 as grants9% of program spendingStudent/Faculty Special Assistance The Foundation extended its support to various campus programs and initiatives, including the university choir, the Red Sea of Sound marching band, and the athletics department, which encompasses golf, basketball, football, volleyball, and cheerleading. Furthermore, it contributed to AI training and development, as well as technological advancements. Additionally, the foundation supported international programs aimed at enhancing study abroad opportunities for faculty and staff, fostering student leadership development, and providing career services.
$7,340,360 spent$5,019,332 earned by the program57% of program spendingOperational and Program Support The Foundation has successfully enhanced operational efficiency and effectiveness by utilizing administrative fees and contract services, which have allowed for improved resource management, regulatory compliance, and mission execution. Additionally, alumni engagement has been significantly strengthened through events and entertainment designed to foster connections and encourage ongoing support for the university. Furthermore, the foundation has actively supported university activities and initiatives by covering expenses related to meals, travel, lodging, and other costs associated with faculty development, student recruitment, and special projects.
$1,623,923 spent13% of program spendingProgram Service Expenses 2,709,730, Grants and allocations 0, Revenue 0 Foundation Management and Development The Foundation has successfully modernized its infrastructure by investing in technology software and website enhancements, significantly improving its online presence, communication, and data management capabilities. Additionally, the foundation has achieved financial stability through effective management of interest expenses related to debt and investments, thereby strengthening its overall financial health and enhancing its capacity to support the university in the long term.
$2,709,730 spent21% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $12,839,110.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 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 2024 to 2025, from $98M to $105M (+8%).
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: 2021 0% · 2022 1%. Grants only. Government contracts and fees sit inside program revenue.
38% of Winston-Salem State University Foundation Inc’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 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
Mr Kevan Turman
Executive Director
Board chair
Mr Marcus Cox
Chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2024 and FY2025 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 6 funders to 16 funders, grant income rose $422k → $2.4M.
19 of 63 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 88% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Winston-Salem State University Foundation Inc’s funders (the co-funder graph). Top 30 of 63 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
Winston-Salem State University Foundation Inc leans on a few funders — its largest provides 73% of grant income and the top three 90%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
92% 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 Winston-Salem State University Foundation Inc.
Largest funder’s share by year: 2017 59% · 2018 53% · 2019 66% · 2020 83% · 2021 97% · 2022 51% · 2023 43% — diversifying over time.
“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
29% of Winston-Salem State University Foundation Inc's funders are still giving 3 years after their first grant; 46% 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
88% of Winston-Salem State University Foundation Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $5.1M that is directly attributable, 76% of it comes from funders outside North Carolina, across 14 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $36M arriving through sponsors registered in 14 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
Winston-Salem State University Foundation Inc holds deeper cash reserves than three-quarters of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like Winston-Salem State University Foundation Inc
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
88% of spending goes to programs.
Governance
Public support
91%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Winston-Salem State University Foundation Inc: 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 Winston-Salem State University Foundation Inc?
- Winston-Salem State University Foundation Inc (North Carolina) receives grants from 63 organizations whose IRS filings report $41,148,207 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($30,001,000). 29 of them have funded it in more than one year, and 88% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does Winston-Salem State University Foundation Inc have?
- IRS filings report 63 organizations giving $41,148,207 in grants to Winston-Salem State University Foundation Inc, 29 of which have funded it in more than one year.
- Who is the largest funder of Winston-Salem State University Foundation Inc?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $30,001,000 in grants. The full list of funders is on this page.
- How can an organization like Winston-Salem State University Foundation Inc 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 FY2025 (financials across 2021–2025), and the filings of 63 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