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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.

100.00

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

Board Leadership
Randall Tuttle
Chair

CEO
Lisa Purcell
Interim President

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 100.00
  Financial 100.00
  Accountability & Transparency 100.00
This rating was published 07/01/2021 and includes data from FY2019, the most recent 990 received at that time.

The Winston-Salem Foundation is a 101 year-old community foundation comprised of over 1,550 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 2020, the Foundation had assets of more than $626.3 million. In 2020 we granted $125.8 million to charitable causes, $3.2 million of which was through the Community Grants program, and in 2020, we awarded more than $2 million in scholarships for local students.

The Winston-Salem Foundation is a 101 year-old community foundation comprised of over 1,550 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 2020, the Foundation had assets of more than $626.3 million. In 2020 we granted $125.8 million to charitable causes, $3.2 million of which was through the Community Grants program, and in 2020, we awarded more than $2 million in scholarships for local students.

Financial

100.00

Accountability & Transparency

100.00

This rating was published 07/01/2021 and includes data from FY2019, 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)
92.9%
  Administrative Expenses 5.5%
  Fundraising Expenses 1.5%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 9.33
  Program Expenses Growth 15.1%
  Liabilities to Assets 0.4%
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) 100.00
Community First Foundation (CO) 92.24
Santa Barbara Foundation (CA) 97.72
Community Foundation of Orange County (NY) 88.83
California Community Foundation (CA) 95.47

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $38,478,936
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $38,478,936
   Program Service Revenue $97,070
Total Primary Revenue $38,576,006
   Other Revenue $14,036,570
TOTAL REVENUE $52,612,576
   
EXPENSES  
   Program Expenses $60,571,121
   Administrative Expenses $3,700,645
   Fundraising Expenses $1,048,716
TOTAL FUNCTIONAL EXPENSES $65,320,482
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-12,707,906
   
Net Assets $562,224,538

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 $58,516,872 96.6%
Student Aid Program $1,224,758 2.0%
Initiatives to Increase Philanthropy $829,491 1.4%

Ratings History
The Winston-Salem Foundation has received 10 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 07/01/2021 100.00
2018-12 07/01/2020 100.00
2017-12 07/01/2019 99.94
2016-12 08/01/2018 99.79
2016-12 05/01/2018 97.16
2015-12 03/01/2017 97.14
2014-12 06/01/2016 96.07
 
CN 2.0
2014-12 03/01/2016 91.86
2013-12 07/01/2015 95.14
2012-12 04/01/2014 96.21
2011-12 04/01/2013 90.87
2010-12 04/01/2012 90.31
2009-12 09/20/2011 82.37
 
CN 1.0
2009-12 04/01/2011 76.39
2008-12 05/01/2010 84.42
2007-12 02/01/2009 86.76
2006-12 02/01/2008 99.35
2005-12 02/01/2007 93.21
2004-12 02/01/2006 84.58
2003-12 02/01/2005 85.96

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
$265,003 0.40% Scott F. Wierman President

Highly Rated

Charity Name & State Overall Score Overall Rating
The Winston-Salem Foundation (NC) 100.00
Community Foundation of Snohomish County (WA) 92.24
Community Foundation of the Chattahoochee Valley (GA) 94.48
Community Foundation of the Virgin Islands (VI) 98.23
North Texas Community Foundation (TX) 97.17

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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

Randall Tuttle
Chair

CEO

Lisa Purcell
Interim President

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