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Wake Forest University Development Foundation

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Nonprofit Overview

Mission: The organization operates as a supporting organization exclusively for the benefitof wake forest university ("wfu") and its wholly-controlled supporting organization,wake forest university foundation ("wfuf"), each of which supported organizationsare 501 (c)(3) organizations. The organization's purposes include: (1) serving asthe recipient of properties contributed to the supported organizations (or theiraffiliate, wake forest university health sciences), to be held temporarily; (2)managing short-term contributed properties; (3) determining whether and whenprospective 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 fromand/or rights in or to real and personal property; and (5) establishing subsidiaryorganizations or entities.

Programs: 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.

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