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Community Development : Community Foundations

The Winston-Salem Foundation

Inspiring giving and linking resources to action, strengthening Forsyth County - now and forever.

four stars

99.94

751 West Fourth Street Suite 200
Winston-Salem, NC 27101
tel: (336) 725-2382   Web Site
EIN: 56-6037615

Board Leadership
Linda Garrou
Chair

CEO
Scott Wierman
President

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 99.94 four stars
  Financial 99.92 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 07/01/2019 and includes data from FY2017, the most recent 990 received at that time.

The Winston-Salem Foundation, which is currently celebrating its Centennial, is a community foundation comprised of over 1,500 funds created by charitable individuals and organizations. Since 1919, individuals, families, and organizations have sought our expertise to improve the quality of life in Forsyth County, its surrounding areas, and beyond. Our vision is for a generous and trusting community where everyone is thriving. Our mission is to inspire giving and link resources to action, strengthening Forsyth County - now and forever. Our values are inclusion, accountability, and continuous learning. We offer community leadership, grantmaking, philanthropic services, and student aid for our community. At the end of 2018, the Foundation had assets of more than $565 million. In 2018 we granted $58 million to charitable causes, $1.9 million of which was through the Community Grants program, and in 2019, we awarded more than $1 million in scholarships for local students.

The Winston-Salem Foundation, which is currently celebrating its Centennial, is a community foundation comprised of over 1,500 funds created by charitable individuals and organizations. Since 1919, individuals, families, and organizations have sought our expertise to improve the quality of life in Forsyth County, its surrounding areas, and beyond. Our vision is for a generous and trusting community where everyone is thriving. Our mission is to inspire giving and link resources to action, strengthening Forsyth County - now and forever. Our values are inclusion, accountability, and continuous learning. We offer community leadership, grantmaking, philanthropic services, and student aid for our community. At the end of 2018, the Foundation had assets of more than $565 million. In 2018 we granted $58 million to charitable causes, $1.9 million of which was through the Community Grants program, and in 2019, we awarded more than $1 million in scholarships for local students.

Impact Information

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Financial

four stars

99.92

Accountability & Transparency

four stars

100.00

This rating was published 07/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
91.7%
  Administrative Expenses 6.4%
  Fundraising Expenses 1.7%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 13.36
  Program Expenses Growth 22.6%
  Liabilities to Assets 0.1%
All data for Financial Performance Metrics calculations was provided by The Winston-Salem Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Winston-Salem Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Winston-Salem Foundation (NC) 99.94 four stars
New York Community Trust (NY) 96.26 four stars
Greater Washington Community Foundation (DC) 94.28 four stars
Community Foundation of Middle Tennessee (TN) 93.67 four stars
Baltimore Community Foundation (MD) 90.54 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $155,513,276
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $155,513,276
   Program Service Revenue $53,821
Total Primary Revenue $155,567,097
   Other Revenue $11,234,658
TOTAL REVENUE $166,801,755
   
EXPENSES  
   Program Expenses $47,807,290
   Administrative Expenses $2,969,286
   Fundraising Expenses $782,413
TOTAL FUNCTIONAL EXPENSES $51,558,989
   
Payments to Affiliates $0
Excess (or Deficit) for the year $115,242,766
   
Net Assets $559,824,784

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grant Distribution $46,664,632 97.6%
Initiatives to Increase Philanthropy $910,528 1.9%
Student Loan Program $232,130 0.5%

Ratings History
The Winston-Salem Foundation has received 8 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 07/01/2019 99.94 four stars
2016-12 08/01/2018 99.79 four stars
2016-12 05/01/2018 97.16 four stars
2015-12 03/01/2017 97.14 four stars
2014-12 06/01/2016 96.07 four stars
 
CN 2.0
2014-12 03/01/2016 91.86 four stars
2013-12 07/01/2015 95.14 four stars
2012-12 04/01/2014 96.21 four stars
2011-12 04/01/2013 90.87 four stars
2010-12 04/01/2012 90.31 four stars
2009-12 09/20/2011 82.37 three stars
 
CN 1.0
2009-12 04/01/2011 76.39 two stars
2008-12 05/01/2010 84.42 three stars
2007-12 02/01/2009 86.76 three stars
2006-12 02/01/2008 99.35 four stars
2005-12 02/01/2007 93.21 four stars
2004-12 02/01/2006 84.58 three stars
2003-12 02/01/2005 85.96 three stars
2002-12 01/01/2004 89.18 three stars
2001-12 10/15/2002 89.16 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 56-6037615
Name in IRS Master File WINSTON-SALEM FOUNDATION
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (600) Community Chest, United Way, etc.
(179) Other health services
(59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1946
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$266,596 0.51% Scott F. Wierman President

Highly Rated

Charity Name & State Overall Score Overall Rating
The Winston-Salem Foundation (NC) 99.94 four stars
Erie Community Foundation (PA) 96.64 four stars
The Community Foundation of Western North Carolina (NC) 90.07 four stars
The Minneapolis Foundation (MN) 96.47 four stars
Community Foundation of Henderson County (NC) 95.17 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

The Winston-Salem Foundation
751 West Fourth Street
Suite 200
Winston-Salem, NC 27101
tel: (336) 725-2382
fax: (336) 727-0581
EIN: 56-6037615

Visit Web Site

Board Leadership

Linda Garrou
Chair

CEO

Scott Wierman
President

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