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ONEYear

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Wake Will: The Campaign for Wake ForestThis annual report is about the people

behind the numbers – what they do, why they do it and whom they do it for. Whether

you are an alumnus, a parent, a friend or a Wake Forester of a different title, it is our hope that in these pages you will find inspiration from each other, pride in our community and a genuine sense of accomplishment for what we’ve built

together in the first year of our campaign.

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Year One

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What we achieve together far surpasses what we could ever consider accomplishing alone. Time after time, we have united to face challenges, celebrate victories, endure loss and inspire one another. We have boldly carried forth our heritage of meaningful community.

For the past year, I have traveled across North Carolina and up and down the East Coast talking about Wake Will: The Campaign for Wake Forest. At these events, I have been captivated by the energy, optimism and engagement of our alumni, parents and friends. Never before have we witnessed this kind of momentum.

Young alumni are excitedly telling others the stories and spreading the enthusiasm of Wake Will. Parents have eagerly invested in Wake Forest because of the experience their daughters and sons are having on campus. Alumni from the Old Campus are engaged in our efforts and moved to see the tradition of Wake Forest as vibrant as ever. Faithful leaders have invested in scholarships, faculty chairs and building projects. New friends of Wake Forest hear our vision and share our commitment to create opportunity, educate the whole person and inspire excellence.

In this first year, many of you have contributed time, energy and resources to advance the work of Wake Forest. Your support of Wake Will has moved us closer to fulfilling our mission. But we aren’t done yet.

Wake Will carries the weight of tradition and the promise of a better tomorrow. And so we will continue the work – together.

The strength of our community is evident in this annual report. It is found in the numbers; it is captured in the photos; and it is revealed in the incredible story of Neal Chastain (’86). In this first year of the campaign, we have truly experienced the best of who we are.

Nathan O. HatchPresident

ONE Wake Forest

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The

neal chastainStory

Just 11 months before, Neal Chastain (’86), a Wake Forest business student, was healthy. He was swapping square punches with his sparring partners in Karate Club and practicing interviewing techniques with fellow members of the American Society for Personnel Administrators. He was hosting socials with his fraternity brothers, strumming the latest Cars hit on his guitar and reviewing business principles for an upcoming exam. He was on his way to fulfilling his dream – to earn his family’s first college degree.

But that was before the sore throat. Before the rash.

Before the leukemia.

In a cold hospital hallway, a doctor read to June Booth (P ’86) the results of her son’s MRI. Realizing what the words meant, June slumped into a chair before her legs betrayed her. Then, to the steady rhythm of the doctor’s retreating

heels, she processed the news. It didn’t seem possible.

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Returning to Neal’s hospital room, June simply stared at her son. Despite his fragile state, she still saw a young man with incredible charisma

and persistent hope. He was a born entrepreneur, with a creative imagination and a love for people. He’d been like that since the very beginning.

As soon as Neal discovered that a nickel could be made and spent, he found every kind of way to make it. As a kid, he went door to door peddling the latest magazine subscriptions to all of his favorite neighbors.

One time when he saw a salesman selling a wooden-duck-on-a-stick toy, he approached the man, asked how to make it, had his mother swing by the craft store, and within hours, sold his version at the discounted price of $5 each.

Matt Snow (L) and Arthur Orr (R), friends of Neal Chastain, reunited at Wake Forest in November.

Then there were his cars. As soon as he could, Neal got in the pattern of finding one good deal after another. He would stumble upon a bargain, only to sell it in favor of the next upgrade. He did this a number of times, neverable to pass up an opportunity to improve his transportation.

Through all of his moneymaking exploits, he proved financially responsible. Perhaps that’s what drew him to Wake Forest. He knew his mind would be stretched and challenged at the business school, and his gut confirmed it would be the perfect fit. For years, in fact, he had dreamed of being a Deacon.

Hearing Neal’s desire and knowing he and his family could not afford it, a family friend stepped forward and offered to pay for his entire Wake Forest education. That generosity was the reason he started classes as a freshman in the fall of 1982.

“It was a dream come true that he was at Wake Forest,” explained June. “Neal was the first in our family to go to a four-year college. He was going to be the first to get that college degree. We were so thrilled and so excited for him. It was a family dream.”

From his first moments on campus, it was obvious Neal had found a second home. The sense of humor that constantly kept his family in stitches was now being gifted to his Wake Forest classmates. His Elvis impersonation, his imitations, his ability to win at nearly any card game and his sidesplitting pranks were welcomed and appreciated.

Among those who reinforced Neal’s antics were friends and fraternity brothers, Arthur Orr (’86), now a corporate attorney and an Alabama state senator, and Matt Snow (’86, P ’13, P ’17), Neal’s college roommate, who is currently the CEO of Dixon Hughes Goodman in Charlotte.

“Neal was a very witty person who was always cracking jokes and finding humor in everyday life,” commented Matt. “He also had a very independent mind and was not afraid to speak up if he did not agree with something. Neal was never afraid to go against the grain of what may be popular at the time if he did not agree with it. He was his own person.”

At right: Matt stands alone in Davis Hall, where he once shared a room with Neal.

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“It was the first time many of us in his circle of friends had faced our mortality. All of us grew up

that year and faced our adulthood and the realities of life.”

MattSnow

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Neal’s personality was like a magnet. People were attracted to the kid with the kind face and easy smile.

“He valued having friends from a broad range of backgrounds,” continued Matt, “and I observed that he had unique friendships with each one. He was not shy and had the confidence to strike up a conversation and build friendships with most anyone. Many of my friends at Wake Forest were people I met through Neal.”

And though he was well known and well liked, Neal’s intellect was every bit as sharp as his wit. His academic discipline overrode weeknight events, and more than once, Neal chose studying over socializing.

“He was a very diligent student and a very hard worker,” Matt remarked. “I recall he always did better than I did in classes we took together. I eventually gave up trying to match his grades and conceded that he was just smarter than me.”

Neal’s college experience was remarkably well rounded and fulfilling. His dream was coming true. Then, in the prime of Neal’s junior year, life dealt a bad hand. A sore throat.

After multiple trips to the student health center, repeated blood work and mounting questions, Neal retreated home to Charlotte for Christmas. Welcoming her son in the door, his mother knew something wasn’t right. He was pale and had lost weight.

Alarm didn’t set in until Neal asked his mother, a medical surgical nurse, to look at another strange sign. A rash on his leg.

June tried to dodge Neal’s questions about what it could be. One look at that so-called rash, and she had strong suspicions. Petechiae. Picking up on his mother’s evasiveness, and knowing the fate of fellow Demon Deacon Brian Piccolo, Neal took one guess. “Mom, do I have leukemia?”

The answer to Neal’s question was why they were in the hospital. Yes, it was leukemia. Acute myelogenous leukemia. The most difficult kind to treat in a young adult. Even more difficult was the prognosis. With treatment, Neal might live two years.

At left: Snapshots of Neal’s college days at Wake Forest capture his kind face, his unstoppable smile and the deep camaraderie he shared with friends.

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The hospitals where Neal and his mother spent the next several months were a long way from the campus that he loved. Tubes and monitors replaced textbooks and magnolias; the rowdy residents of Davis Hall were swapped for intercom pages; and the hospital food that Neal picked at was even worse than the fare he and his friends joked about at Wake Forest.

Neal’s treatment plan required a bone marrow transplant – a strategy still very much in the experimental stage in the mid-1980s. Unfortunately, no one in his family was a match, and the National Bone Marrow Registry did not have as many donors as it does today. Doctors decided to attempt an autologous bone marrow transplant, where they would get Neal in remission, harvest his own cancer-free marrow, and use it for the transplant. He would be both donor and recipient.

To focus on his physical healing, Neal postponed the spring semester of his junior year. Instead of learning new business concepts, Neal was introduced to chemotherapy at Presbyterian Hospital in Charlotte. Adamant that he would not add to his suffering by spending those six weeks in a hospital gown, Neal sweet-talked a nurse into swiping a pair of doctor’s scrubs for him. That first pair was the start of a respectable collection of “acquired” scrubs.

Unable to get him into remission, the doctors and nurses of Presbyterian sent the much-loved Neal and his mother to Wake Forest Baptist Medical Center with a going away party and their best wishes.

In Winston-Salem, Neal was close to Wake Forest and his friends. Arthur, Matt and other fraternity brothers who had road-tripped to see Neal in Charlotte made the shorter drive to Wake Forest Baptist. Then-Wake Forest Chaplain Ed Christman (’50, JD ’53, P ’84, P ’85) and Young Life friends also filled his hospital room.

Just like at Wake Forest and at Presbyterian, Neal got to know people quickly. “He became very good friends with all of the doctors and nurses who treated him at Baptist Hospital,” commented Matt. “He would crack the same jokes with them that he had so many times with us. His relationship with them was special and different from most any other patient.”

Every November for nearly 30 years, Dr. Joseph Beck, the young doctor who treated Neal at Wake Forest

Baptist, has sent June a letter.

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It seemed his personality was spreading faster than the cancer. “In the hospital, Neal was making people feel better,” smiled June. “When he was really sick because of the chemo, he was hurting. But when he was okay, he was up and spreading ‘Neal.’”

A few days after he checked into Wake Forest Baptist, Neal learned that another young man about the same age with the same dire diagnosis and the same unfathomable prognosis had been admitted on the same floor. Neal, dressed in scrubs with IV pole in tow, walked into Darrell Shearin’s hospital room. That introduction started a deep friendship and a healthy competition

– he who obtains the most scrubs wins. It was neck-and-neck until Neal intercepted the nearly unattainable: a pair of rose pink.

During the long stay at Wake Forest Baptist, Neal repeatedly asked his mother to have pizza – always with extra cheese – delivered to his room. They played cards and watched TV game shows as long as Neal wasn’t too weak, and though he had wanted to keep up with coursework in the hospital, he just wasn’t strong enough.

As spring turned into summer and his friends were leaving college for home, Neal hoped he too would get a reprieve. Good news came that Neal was in remission. So, he traded his hospital room for the classroom and enrolled in summer session.

“He never lost his determination,” Neal’s mom said. “He wanted so desperately to be a Wake Forest graduate. He continued to have that hope and never lost it.”

Near the end of the summer, Neal got word from Baltimore’s Johns Hopkins Hospital that as long as he was in remission, they would perform the bone marrow transplant. It was promising news. But, just as quickly as that hope arrived, it vanished. The life-saving procedure was cancelled. Tests revealed Neal had relapsed. Another month of treatment at Wake Forest Baptist was followed by a month of rest.

“He wanted so desperately to be a Wake Forest graduate. He continued to have that

hope and never lost it.” JuneBooth

At right: In October 1985, Neal’s fraternity brothers sent him a photo as he fought a courageous battle with cancer.

Both Matt and Arthur still have a copy of it. This framed photo, with a picture of Neal stuck in the corner, sits on the

credenza in Arthur’s office among photos of his family.

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Looking at her son, June knew that cancer could take Neal’s strength and his stamina, but it was no match for his sense of humor. His hope was secure, and though it was weaker than usual, his smile remained steady.

That September, Neal stayed with his grandmother in Winston-Salem so he could be close to Wake Forest where his classmates were starting their senior year. His grandmother cooked enough for an army when Neal’s friends visited to fill him in on the latest campus happenings, including news that Arthur had set a fundraising record as chair of the Brian Piccolo Cancer Fund Drive.

“We were all encouraged and uplifted by Neal’s continued humor throughout his illness,” stated Matt. “We also watched Neal’s faith strengthen during this time, which became an inspiration for me and many others in the days, months and years to come. He often said, ‘God gives me the strength.’”

And he would need it. October arrived and June took her son to Johns Hopkins. An extreme dose of chemo was waiting for him before the bone marrow transplant. His white blood cells were eliminated in hopes that healthy ones would replace them. With Neal’s compromised immunity, infection became a very real threat.

The treatment did its worst, and it started to show. June first noticed the side effects of Neal’s struggle as a bruise on his leg. He hadn’t been mobile enough to injure his leg, so tests were ordered.

Because the chemo had stripped Neal’s immunity, an Aspergillus infection, caused by everyday mold in the air, had steadily spread through his body – originating in the left ventricle of his heart, then appearing on his leg, then overtaking his neck, then invading his throat. Doctors debated debriding – or removing the infected tissue from that heart chamber – but Neal’s mom would not have to make that torturous decision.

The results of the MRI the doctor read to June in that cold hospital hallway revealed that the infection had infiltrated Neal’s brain.

“There was no turning back,” she choked out. “We were not going home.”

“There was no turning back,” she choked out. “We were not going home.”

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Neal’s mother remembers pleading. “That’s the hard part – watching your child suffer and knowing you can’t do one thing about it. You’re a mom; you fix things; you make it better; you take care of it. But I couldn’t make this better.”

“I remember visiting with Neal in his last days at Johns Hopkins,” recalled Matt, “and to my surprise, members of his medical team from Winston-Salem walked into his room to pay him a visit. What a sign of how much they loved him.”

One of the doctors who made the trip to Baltimore was Dr. Joseph Beck, who had treated Neal during a year-long fellowship in medical oncology at Wake Forest Baptist. “I flew to Baltimore to visit Neal, and I have a vivid memory of his room,” he stated. “Neal was brave and cheerful. I think of him fairly often.”

It wasn’t long after the MRI that Neal slipped into a coma.

Three days later, on November 11, 1985, Neal Chastain died. He was three days shy of his birthday and mere months from earning his family’s first college degree. Surrounded by his family and Wake Forest friends, Neal was buried on the day he would have turned 22.

“Dear Lord, I don’t know if I can see him go through any more pain,”

“Every parent feels that their child is great; but I don’t care if he is my son. Neal was just a great guy.”

Before he died, Neal talked to his mom. “He said to me, ‘The best three years of my life were spent at Wake Forest,’” June revealed. And to those who had supported him, he instructed: “Mom, tell them thank you.”

“When Neal was first diagnosed with leukemia, and then later passed away, it was the first time many of us in his circle of friends had faced our mortality,” confessed Matt. “All of us grew up that year and faced our adulthood and the realities of life as we learned of Neal’s diagnosis, watched him be treated with painful rounds of chemotherapy, and then later pass away. I remember there being a dreary pall that lingered over the school for the remainder of our senior year. For many of us, things were just not the same on campus after he passed away.”

His fraternity brothers told a writer for the Old Gold and Black: “His courage in facing life’s many problems stands as an inspiration to all those who knew him, and his sense of humor will never be forgotten. We can all have comfort knowing he enjoyed life to its fullest.”

A few months later, on the morning of May 19, 1986, Doonesbury cartoonist Garry Trudeau offered words to a Quad full of young people draped in black robes anticipating their next adventures. As name after name was called, members of the Class of 1986 crossed the stage to claim their diplomas. When Dean of the Calloway School Tom Taylor (P ’94, P ’96) read one particular name, the cheers quieted and the stage stood motionless. Somewhere among the revelers sat an empty chair. And somewhere, in the hearts and minds of his classmates, Neal Chastain was remembered.

“He said to me, ‘The best three years of my life were spent at Wake Forest.’” And to those who had supported him, he instructed:

“Mom, tell them thank you.”

On the morning of November 4, 2014, June and Arthur were reunited for the first time since Neal’s funeral.

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“Having been at Wake Forest for four decades and knowing the kind of students we’re proud to have, Neal Chastain was the epitome of the kind of student we want at Wake Forest,”

stated Dr. Tom Taylor, now retired Dean of the School of Business. “He’s the type of student

we still want to have in the years ahead.”

Etched in the memory of those left behind is Neal’s outstanding character, his tenacious pursuit of a college degree and his unstoppable smile. It was only after he was

gone that people discovered the true depth of his generous spirit.

Sorting through her son’s belongings after his death, June Booth stumbled upon some curious receipts. She’d never seen them before. Strange. Where was her frugal son sending his money?

Tracking down the clues, June discovered that since the time Neal had his first paying job in high school, he had given part of his paycheck – $15 a month – to help support a little boy from a poverty-stricken area of Alabama.

“We did not know about it,” June confessed. “It was something he was doing, and he hadn’t told a soul.”

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That was just one of the many details that crafted Neal’s legacy. From his hospital bed, he wrote a letter to a dear Wake Forest friend struggling and needing a word of encouragement. Even as he fought cancer, Neal talked to Dr. Taylor to update him on his status, make arrangements to catch up on coursework and reassure the Dean he’d return to campus shortly to give him a big hug. When his church raised money for his medical expenses, the barely used money was designated as a fund to help other families in need – “a gift given out of Neal’s own sickness and suffering,” noted June.

And it wasn’t to be the only gift.

“When you lose a child, you never completely recover,” June admitted. “You have to find a way to go on and put that grief into something positive.”

So, in the height of her heartache, the bereaved mother made a decision that would surely please her entrepreneurial son.

In 1980, before Neal even enrolled at Wake Forest, his father passed away and split his estate between his two sons, Neal and Alan. Neal had carefully watched over his inheritance, so when he died, June was responsible for stewarding her son’s money.

“I knew that Neal had some money from his father, and he did not tell me what he wanted me to do with what was left,” explained June. “It did not belong to me; it was Neal’s. I always thought, what if Neal ever wanted to know what I did with his money?”

The answer was obvious. He would want to find students with ambition and run beside them as they chased their dreams. He would want to whisper words of encouragement when shadows of doubt threatened. He would want to cheer the loudest when success was realized.

So, with her son’s money and contributions from his college friends, faculty members and matching gifts from foundations, corporations and businesses, June created the Neal Monroe Chastain Scholarship.

“While Neal’s hopes and dreams could not be fulfilled,” remarked June, “he will always be a part of helping other young men and women fulfill their goals.”

Creating the scholarship wasn’t just about honoring her son’s memory. It was more than that to June. The scholarship was a way for her to thank the family friend who had invested in Neal’s education. Just a few years before, someone believed in her son; now, it was her turn to believe in someone else’s child.

She also wanted to give back to Wake Forest – the place that had given Neal the best three years of his life. Offering Neal’s money as an investment was a way to return some of the joy that Wake Forest bestowed on this mother and her son.

Developing the conditions of the scholarship became one of the most important aspects of the process. Just as her son had been in the habit of engaging people, June invited Neal’s close friends to be a part of the experience.

“I recall June reaching out to me to discuss her intentions for the scholarship and to get my input on the criteria for the recipients,” commented Matt Snow, Neal’s college roommate. “I read those criteria recently, and I smiled to myself as they so clearly reflect who Neal was as a person.”

Based on the advice of those who knew Neal best, the recipient of the Neal Chastain Scholarship is a rising senior in the School of Business who exhibits a joy for living, sense of humor, responsibility, genuine concern for others, motivation, academic achievement and an enterprising nature.

“He had a very entrepreneurial mind long before we even really knew what an entrepreneur was.” Matt Snow

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Among the very first to contribute were Neal’s fraternity brothers. “Our fraternity made an initial contribution to the fund, and we had a special dinner in recognition of the start of the scholarship,” mentioned Matt.

Every year since the scholarship was first awarded to Carole Dyer Hall (’88) in 1987, Neal’s entrepreneurial spirit has financially assisted a student during his or her senior year – the one he was unable to complete.

“Your thoughtful gift in memory of Neal is a fitting tribute to one of the finest and most likeable young men I have had the privilege of knowing,” Dr. Taylor wrote in a letter to June. “I appreciate the care which you gave this decision, and I promise that the same kind of care will be exercised in administering the scholarship.”

“To me, the Neal Chastain Scholarship is a way to keep the memory of Neal alive and to continue the influence he would have had if he was still with us,” stated Arthur Orr, who has included Neal’s scholarship in his planned giving. “He can continue to influence these students who are coming through Wake Forest and being selected as recipients of the Chastain Scholarship.”

Matt agreed. “Many of us have continued to make annual donations to the scholarship as a way to keep our memory of Neal alive and to honor his unique traits by recognizing them in high-performing Wake Forest business school students today.”

“Neal was the right student for Wake Forest,” remembers Dr. Taylor, “and Wake Forest was the right school for Neal. He would have been a fantastic ambassador of Wake Forest.”

And so he is.

This fall, the Neal Chastain Scholarship was awarded to D’André Starnes (’15), a first-generation college student from Walkertown, N.C.

“During my time at Wake Forest, I realized that my true passion lies in helping others achieve their goals, no matter what they are,” Starnes commented. “My primary motivation for majoring in business is so that I can help minorities achieve wealth through smarter financial decisions. It is through my initial motivation that I realized I wanted to help others in whatever capacity that I can. My hope is that as a recipient of the Neal Chastain Scholarship, I can carry his name with honor in my daily interactions with others.”

When Starnes receives his diploma in May, it will be the 27th time a student benefitted from Neal’s scholarship – the 27th time Neal helped someone else earn a college degree.

“To me, the Neal Chastain Scholarship is a way to keep the memory of Neal alive and to continue the influence he would have had if he was still with us.”

ArthurOrr

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As the sun peeked between Kitchin and Reynolda Halls on the morning of October 3, 2013, two figures stood on the Quad surveying their work.

Tents were up, flags outlined the course and team names were displayed on the giant scoreboard. In a few hours, the moment of peace that Elizabeth Jay (’14) and her father, John (P ’14), shared would be gone. More than 1,000 runners would overtake the bricks in an eight-hour relay race to raise money for cancer research. But for this pair, it was more than a fundraiser.

In the fall of 2010, after traveling 1,400 miles from her home in San Antonio, Texas, Elizabeth was beginning to find her place at Wake Forest. She hoped to major in business because of her analytical mind and self-proclaimed Type-A personality. She quickly connected with the other girls living in Luter basement and found good friends in Reformed University Fellowship – friends she would need in the coming months.

On a surprise trip home for Thanksgiving, Elizabeth learned that her mother had cancer. Treatment started immediately, and Elizabeth returned to campus to finish the semester.

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“I had a lot of people who immediately reached out to me,” Elizabeth commented. “They were great about being there when I needed them and giving me space when I didn’t.”

After six months of treatment, Elizabeth’s mom received the news that she was in remission. Relieved, Elizabeth continued her Wake Forest experience. She challenged herself in classes, engaged with people and developed strong relationships within the Winston-Salem community.

When everything was going well, the bad news came. In the fall of her junior year, Elizabeth learned that her mother’s cancer had returned – and it had spread to her brain.

She returned to Texas to celebrate the holidays with her family and take care of her mom. “It was an incredible time,” she remarked. “I got to spend three solid weeks being the point person for my mom. It was special, and I had so many Wake Forest people checking on me. Wake Forest’s community doesn’t stay on this campus.”

Friends called. They texted.

“Do you want to chat and get your mind off things?” one asked.

“I know you’re going to be up all night in the hospital. I’m not doing anything. Let’s talk,” another suggested.

She needed their support. On January 10, 2013, Elizabeth’s mom, Annamaria Ferraro, passed away.

“She was incredible,” Elizabeth remembers.

Trying to regain normalcy, Elizabeth returned to Wake Forest. She dove into her classes and assignments, but she also found comfort in giving back – and became co-chair of Hit the Bricks, the campus-wide event to fight cancer.

This race was significant, especially because her father joined her. “It was really cool for him to see the whole experience. When you’re standing out on the Quad, it’s incredible realizing that all of these people – over 1,000 people – are united behind one thing,” Elizabeth recalled.

People. People who had shared joy, pain, struggles and victories with her. They had made Elizabeth’s Wake Forest experience incredibly fulfilling.

Little did she know, Elizabeth would find one more person she hadn’t counted on being part of her story. As a senior business major who showed a joy for life, had a sense of humor, felt the weight of responsibility, was genuinely concerned for others, had clear motivation, knew academic achievement and carried a spark for entrepreneurship, Elizabeth was awarded the Neal Chastain Scholarship.

“It was not until I learned the full story of the scholarship that I realized the connection Mrs. Booth and I had in her desire to give and my need,” Elizabeth stated. “While I would not wish for anyone to experience a loved one suffering, it proved to be a unique connection that really helped me reflect on and realize how incredibly lucky we are to have people believing in Wake Forest – believing in us – enough to graciously support our endeavors.”

The mother who lost her child and the child who lost her mother were introduced during the spring before Elizabeth graduated. On Mother’s Day, they spoke again. June Booth called Elizabeth to hear stories about her mother and remind Elizabeth she wasn’t alone.

“The relationships I’ve made have truly defined my time here. My favorite thing about Wake Forest will always be the people.”

ElizabethJay

At right: Elizabeth Jay, who now works in Atlanta, catches up with June Booth on

her life since graduation in May.

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The mother who lost her child and the child who lost her mother were introduced

during the spring before Elizabeth graduated.

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She paged through the photo album yellowed by years, her fingers passing tenderly over the face of her son. Pointing out what he was doing in each of the pictures, a smile returned to her face and sweet memories momentarily replaced grief. And then, her eyes twinkled – much like her son’s must have.

Neal’s investment at Wake Forest has yielded bankers, lawyers, business professionals, pastors, community citizens, leaders, parents and friends.

David Wurtzbacher (’10), an associate at J.P. Morgan in New York City, remembers receiving the Neal Chastain Scholarship. “The recognition was a nice reward after an academically difficult junior year in the business school, and it encouraged me to prioritize well-roundedness in my Wake Forest education. Mrs. Booth and I shared a meal together and exchanged some letters, and I am still impressed by her sacrifice for Wake Forest students. I am grateful for her support and hope that Neal’s legacy will continue to be remembered at Wake Forest.”

“From what I know of Neal, I would thank him for his faith and courage,” offered A. Heath Tripp (’06, JD ’12), a Chastain Scholar and attorney in Raleigh. “Although his time in this life was tragically short, his legacy endures at Wake Forest and beyond.”

“I remember receiving the Neal Chastain Scholarship around 10 years ago,” recalled Stephen Mann (’04), now a worship pastor in Tennessee. “I think about it each time I visit campus. The reason it is so significant to me is that it is awarded to a senior business major exhibiting Christian ideals and good academic achievement. I was honored to receive a scholarship that acknowledged both qualities. I’m very thankful to be a recipient of the Chastain scholarship, which both honors Neal and encourages others like him.”

There is a particular pride in being honored with Neal’s merit-based scholarship. “I think merit-based scholarships play an important role at Wake Forest,” acknowledged David. “Merit scholarships that recognize a mix of analytical talent and personal character promote what I believe Wake Forest values and develops most in its students: well-roundedness.”

Neal started a ripple effect that continues to be felt at Wake Forest to this day. Chastain Scholars carry a deep legacy into their families, communities and businesses. It is that influence that inspires Neal’s friends to continue contributing to the scholarship.

“I’ll keep giving to the Neal Chastain Scholarship,” confirmed Arthur Orr.

Before Elizabeth Jay graduated, she took a moment to reflect on her time at Wake Forest. “Wake Forest is the story of propelling students to do incredible things,” she stated. “The relationships I’ve made have truly defined my time here. My favorite thing about Wake Forest will always be the people.”

On a Monday morning this past May, Elizabeth found her seat with the rest of the graduating Class of 2014.

“There was this moment sitting on the Quad just realizing how many incredible students were graduating,” she commented. “We are around people that we are going to see doing big things. We may not see them all, but I think every student here will go on to impact lives in some way. They already have. They’ve impacted mine.”

The lives of Elizabeth and 26 other Wake Forest students, along with the continued generosity of supporters, proves to June that she invested and stewarded her son’s money – and his legacy – just the way he would have wanted. Here, at his second home,

Neal Chastain will be forever a Deacon.

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“During my time at Wake Forest, I realized that my

true passion lies in helping others achieve their goals,

no matter what they are. My primary motivation for

majoring in business is so that I can help minorities

achieve wealth through smarter financial decisions.

D’AndréStarnes(’15)Current Chastain Scholar

My hope is that as a recipient of the Neal Chastain Scholarship, I can carry his name with honor in my daily interactions with others.”

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What an extraordinary community we have at Wake Forest. The story you just read is one of many that illustrates the relationships we share and the bonds that unite us.

In that spirit of shared purpose, we have witnessed alumni, parents and friends come together to ensure a vibrant future for Wake Forest University. Your commitment means opportunities are granted, potential is realized and dreams are fulfilled.

Just one year into the public phase of Wake Will: The Campaign for Wake Forest, we have surpassed the ambitious milestones we set for ourselves. In one day, more than 2,600 Wake Forest supporters raised $1 million. Months ahead of schedule, we crossed the $400 million threshold. In this first year, we have eclipsed the total fundraising goal of Wake Forest’s last campaign by $13 million.

We have awarded new scholarships, funded Presidential Chairs for faculty, dedicated completed buildings and broken ground on new facilities. We have traveled to major U.S. cities and treasured North Carolina towns sharing the vision of Wake Will.

During this campaign, we have already reached incredible heights. We can celebrate because thousands have seen the importance of our need and responded in kind. Your generosity is overwhelming, and your spirit of Pro Humanitate is inspiring.

I am so honored to be part of a community that is committed to making a difference in the world. As the chair of the Board of Trustees, I am grateful for your support of this University. As chair of the Wake Will campaign, I offer my thanks on behalf of Wake Foresters of future generations.

Based on Year One, I eagerly anticipate what Wake Forest will do next.

Donald E. Flow (MBA ’83)Chair, Board of TrusteesChair, Wake Will Campaign

ONE Strong Start

38 39

33%

aheadofprojections.

ThroughDecember31,2014

wake will is

campaign update

On June 27, 2014, Wake Will: The Campaign for Wake Forest surpassed the $400 million mark in total campaign commitments.

✦ ✦ ✦

As of December 31, 2014, Wake Forest received

$444,294,586.23in total campaign commitments and closed FY14 with

$68,926,617.08in cash receipts – the most successful fundraising year in our history.

the first public year of the campaign also beat projections by 33 percent.

As of December 31, 2014,

• Athletics has raised $117M toward its $95M goal (123% completion)

• The School of Business has raised $68M toward its $100M goal (68% completion)

• The Undergraduate College has raised $213M toward its $345M goal (62% completion)

• The School of Divinity has raised $16M toward its $20M goal (80% completion)

• The School of Law has raised $22M toward its $35M goal (63% completion)

• Reynolda House Museum of American Art has raised $4M toward its $5M goal (80% completion)

40 41

wake forest parentsaccountedfor

27% ofgiftstotheWakeForestFundinFY2014and

16%

ofallcommitmentsinthefirstpublicyearofWakeWill.

I n f a c t, p a r e n t s a r e r e s p o n s i b l e f o r 19% o f a l l

c a m p a i g n c o m m i t m e n t s a s o f D e c e m b e r 3 1 , 2 0 1 4 .

This means that Wake Forest has placed in the top 3 of all Doctoral Universities

in the U.S. in parent giving per student in each of the past four fiscal years (FY 2011-14).

1of every 8

Approximately

just how strong is that level of engagement?

If the event had been a national, prime-time television program, it would have posted a

12.75 Nielsen rating and approximately 37,508,579 viewers.

alumni in the region attended Wake Will’s Washington D.C. event on April 2, 2014.

Inotherwords,

a typical audience for the oscars.

42 43

i n y e a r o n e ,

young alumni involvementinthecampaignwas

r e l at i v e t o t h e p r e v i o u s 1 2 m o n t h s .

incommitmentsand

inparticipation

t o ta l c o m m i t m e n t s t o t h e l aw s c h o o l i n c r e a s e d

214%from FY 2013 ($2,170,581) to FY 2014 ($6,813,605).

that’s enough to make the demon deacon feel 20 feet tall.

Seriously. If the Deacon had that kind of a growth spurt in a year, he’d go from his official height of 6-foot-7 to 20-foot-8.

up 46%

up 26%

44 45

✦ campaign cabinet ✦

The Campaign Cabinet is the leadership body of the campaign. It provides counsel on campaign decisions, oversees leadership gift solicitation and volunteer efforts and serves as a resource for the University

president and the vice president of advancement. This group of loyal Wake Forest supporters assisted in executing the campaign’s quiet phase and has led the vision for the public phase of the campaign.

Chair: Donald E. Flow (MBA ’83), Winston-Salem, NCBobby R. Burchfield (’76), McLean, VA

Thomas A. Dingledine (MBA ’78), Charlottesville, VACandy M. Ergen (P ’12), Littleton, CO

David N. Farr (’77, P ’07), St. Louis, MOLelia J. Farr (’77, P ’07), St. Louis, MO

Jeanette W. Hyde (’55, LLD ’10), Raleigh, NCDavid I. Wahrhaftig (MBA ’82, P ’18), Larchmont, NY

James T. Williams (’62, JD ’66, P ’89, P ’92, P ’96), Greensboro, NC

This success is remarkable. Never before have I been more proud of Wake Forest. Your support of Wake Will has moved us closer to fulfilling our mission.

But we aren’t done yet.”

PresidentNathanO.Hatch

i n a d d i t i o n t o t h e c a m p a i g n c a b i n e t,

257 volunteers h av e c o m m i t t e d t o s u p p o r t wa k e w i l l .

✦ ✦ ✦

AsofDecember31,2014,

volunteers have contributed more than $127 million and have collectively worked over 2,400 hours on behalf of the campaign.

“

46 47

Forever striving to channel its ambition into advancement,

Wake Forest knows that true progress comes from

innovative vision. Wake Forest is no stranger to lofty

aspirations. Throughout history, the University has

gone against the grain, from packing up the old campus

to move to the tobacco town of Winston-Salem in 1956

to taking on the unprecedented goal of a $1 billion

capital campaign we are in the thick of today.

While the University must grow and evolve, we recognize

that we have to stay true to our values and the traits

that make us distinctive. The challenge we, as an

institution, must navigate is the balance of maintaining

our traditional foundation while fostering our innovative

spirit. We continuously seek those flashes of ingenuity to

aid in the growth of our Mother, So Dear.

ONWARD. Together.A word from Jim Dunn, CEO of Verger Capital Management and Chief Investment Officer

Following in the inventive footsteps of Wake Forest, we

are happy to celebrate another exciting venture. Earlier

this year, Verger Capital Management was formed.

Verger will serve as Wake Forest’s outsourced CIO

solution and ultimately replace the function of Wake

Forest University’s Office of Investments. As a partner

with the University, Verger will continue to manage

the endowment assets that were previously managed;

however, as a registered investment advisor, Verger

will be able to additionally manage external assets,

unaffiliated with the University.

As we strive to balance our ambition with our values,

Verger Capital believes in supporting others with a

higher purpose. Seeking those institutions that reinforce

our mission to invest in lives of students, patients and

patrons, we are only looking to partner with endowments

and foundations in the education, health care and

nonprofit sectors.

48 49

The Endowment Funds finished the fiscal year with

an estimated 11.03% return, under-performing our

benchmark by 2.25%. The pool had a strong second

half of the year after struggling in late fall of 2013 as

equity rallied to new highs going into the New Year.

Examining our fiscal 2014 returns a bit closer, we are not

surprised by our results. Our equity positions were the

largest drag on our overall performance due to a slight

underweight to U.S. equities and a slight overweight

to global equities. Our real asset portfolio was also a

slight drag, posting 11.68% return versus a benchmark

return of 12.40%. Our absolute return portfolio and

fixed income outperformed, 11.42% and 8.66% versus

benchmark returns of 6.13% and 4.37%, respectively.

An economy “not too hot” and “not too cold” combined

with seemingly endless monetary accommodation has

once again resulted in a slow, consistent rise in equity

prices and a similar decline in volatility to new record-

low levels. Fixed income also joined in on the fun with

government, high-grade corporate and junk bonds all

registering gains. Unprecedented liquidity from central

banks has acted as a buoyant force to lift boats of nearly

all asset classes. While speculators celebrate, we remain

greatly concerned by what we see as risk complacency

across multiple markets and asset classes: junk bonds

valued like equities, domestic small cap stocks at insane

valuations (Russell 2000 now 28x P/E) and a red-hot

IPO market that valued a camera company (GoPro)

at 70x earnings upon its debut. The government of Sri

Lanka, recently emerged from a multi-year bloody civil

war, just issued $1 billion of 10-year debt at 5.875%

coupon in a deal that was wildly oversubscribed.

We continue to believe the portfolio is well positioned

for positive long-term returns whether broader markets

remain flat, decline significantly toward normal

valuations or continue their Fed-fueled ascent. We

believe our best weapon for Protect (protecting capital

from permanent loss), Perform (generating attractive

long-term returns over inflation) and Provide (delivering

and deploying capital on demand) is a disciplined

allocation model, avoiding speculators chasing yield or

Fed-influenced overpriced risk assets. To this end, we

will remain disciplined. A diversified and risk-balanced

portfolio is a worthy foundation to weather uncertainties,

especially in markets where expectations have, perhaps,

advanced beyond the current economic reality.

By compounding positive returns with limited volatility

and downside protection, Verger has been a highly

effective portfolio on a risk-adjusted basis but has

underperformed our peer group on an absolute basis.

The resumption of less predictable market behavior only

serves to reinforce the original rationale that led to the

“Protect, Perform, Provide” mantra. An indiscriminate

sell-off may present opportunities by allowing us to take

advantage of more normalized volatility. Geopolitical

uncertainty, taper talk, a Chinese slowdown and an

improving but slower growth economy in the U.S.

all provide a backdrop for market unpredictability.

Therefore, we remain confident that Verger is positioned

to provide the same level of resilience and wealth

creation as it has delivered to Wake Forest in the past.

The “Goldilocks” market marches on.

50 51

PROTECT. PERFORM. PROVIDE.

We are grateful for the opportunity to be part of the great

innovations that have been born on the Wake Forest

campus. We are honored to be given such an important

and worthy responsibility, and it is one we do not take

lightly. Of course all good intentions do not guarantee

best execution. Innovation requires patience, discipline

and hard work. The fast-paced investment environment,

the marketplace complexity and speed of change in the

investment landscape create the perfect opportunity to

move Wake Forest and Verger ahead, together.

Thank you for the continued support and confidence as

we take on this entrepreneurial endeavor.

With great gratitude,

James J. Dunn

CEO of Verger Capital Management and

Chief Investment Officer

52 53

Fixed Income23% Equities

37%

Absolute Return26%

Real Assets14%

Over the last five years, the endowment portfolio has produced significantly better risk-adjusted returns compared to both of its primary benchmarks as well as the broad equity market.

return / risk ratioPeriods Ending June 30, 2014

The endowment is a diversified portfolio that invests in a broad mix of assets, including Equities, Real Assets (commodity-related investments), Absolute Return (various hedged strategies) and Fixed Income.

asset allocationJune 30, 2014

Over the last 20 years, the endowment has provided over $800 million of operating support to the University. During this period, the annual support from the endowment has increased by 275%.

The importance of gifts to the endowment cannot be overemphasized. Without gifts over the last 18 years, the current value of the endowment would be $360 million lower. This is due not only to the lost value of the initial gift, but also the foregone investment earnings on those gifts over time. In addition, cumulative endowment distributions from these gifts to support University activities of $244 million would not have been made.

Over the long term, the endowment has outperformed both a benchmark that represents our current asset allocation target allocations (Policy Portfolio) as well as a blended benchmark that represents the asset mix of a diversified institutional portfolio (Investable Universe).

WFU Pool S&P 500 Investable Universe*

*50% Russell 3000, 25% MSCI EAFE, 20% Barclays Aggregate and 5% T-Bills

$0

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

Mar

-93

Mar

-94

Mar

-95

Mar

-96

Mar

-97

Mar

-98

Mar

-99

Mar

-00

Mar

-01

Mar

-02

Mar

-03

Mar

-04

Mar

-05

Mar

-06

Mar

-07

Mar

-08

Mar

-09

Mar

-10

Mar

-11

Mar

-12

Mar

-13

$6.13

$5.07$4.78

cumulative performance (Growth of $1)April 1993 - June 2014

$7.00

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

$60

$50

$40

$30

$20

$10

$0

annual endowment support to the universityFiscal Years 1995 - 2014

MIL

LIO

NS

Cumulative Support (‘95 - ‘14): $809 M

2014

WFU Pool Policy Portfolio Investable Universe S&P 500

3.3

2.82.6 2.6

1.9

1.0 1.11.4

2.2

1.3 1.3 1.4

2.5

2.0

1.5

1.0

0.5

0.0

3.0

3.5

1 year 3 years 5 years

With Gifts Included Without Gifts

actual endowment value vs. endowment value without gifts

1996$0

$200

$400

$600

$800

$1,000

$1,200

MILL

IONS

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

54 55

October18,2013Arnold Palmer Statue Unveiling CeremonyWinston-Salem, NC

Wake Forest honored one of its greatest sons, Arnold Palmer (’51, LLD ’70), by unveiling a statue of him in a campus ceremony. “You can watch what happens in your life, and you go back to the things that meant the most to you,” Palmer said. “Wake Forest meant the most. It’s the greatest, nicest thing that ever happened to me.”

November1,2013Dedication of Farrell HallWinston-Salem, NC

Farrell Hall, the new home for the School of Business, fulfilled the dream of University Trustee Mary Farrell (P ’10) and her late husband, former Trustee Mike Farrell (P ’10, LLD ’13).

November21,2013Wake Will Campaign Regional LaunchRocky Mount, NC

More than 2,800 people heard the message of Wake Will at one of the 11 campaign events held off campus during Year One of the campaign.

October17-18,2013Public Launch of Wake Will: The Campaign for Wake Forest, Winston-Salem, NC

Wake Forest University and Wake Forest Baptist Medical Center will collaboratively invest $1 billion into the community over the next five years. Of that, $600 million will support Reynolda Campus students, faculty and enhancements to campus life. Wake Forest Baptist will devote $400 million to its blended mission of patient care, research and education in a campaign to be shared with supporters in the near future.

October25,2013Presidential Chair Recognition EventWinston-Salem, NC

Bobby Burchfield (’76) created the Burchfield Presidential Chair of Political Economy and Dr. Mike (MALS ’13) and Debbie Rubin (MAED ’83, MALS ’05) established the Michael H. and Deborah K. Rubin Chair of Jewish History.

EventsinReviewONEYear

56 57

March27,2014School of Law and Law Scholarship Recognition Event, Winston-Salem, NC

The contributions of Gene (’54) and Pat (’54) Boyce completed the fundraising efforts for Phase One of Worrell Professional Center while also providing significant scholarship support for the School of Law and Wake Forest College.

December5,2013Wake Will Campaign Regional Launch Asheville, NC

All Wake Will events broke attendance records for Wake Forest-affiliated events in their respective cities.

December12,2013Wake Will Campaign Regional Launch Wilmington, NC

During the public phase of Wake Will, Wilmington-area constituents committed more than $772,000 to 59 specified areas of need. The region’s total commitments in the quiet and public phases stand at more than $3.5 million.

January30,2014Wake Will Campaign Regional Launch Charlotte, NC

Charlotte-area Wake Foresters have committed $65 million to Wake Will in the first year of the campaign. That’s the second-highest total of any geographic region. The Queen City is home to the largest contingent of Wake Forest alumni in the world.

March20,2014Wake Will Campaign Regional LaunchAtlanta, GA

Wake Will donors from the Atlanta region gave to 17 endowed financial aid funds, seven academic departments, four sports and 44 other initiatives or funds during the first year of the campaign.

February26,2014Wake Will Campaign Regional LaunchNew York, NY

Of the alumni who attended the Wake Will event in New York City, 74 percent were young alumni – those who graduated within the last 10 years.

April12,2014Scholarship Recognition BrunchWinston-Salem, NC

The Wake Forest Scholars program, which welcomed its first recipients in the fall of 2011, will celebrate the graduation of that group in 2015. Wake Forest Scholars are expected to face 59 percent less debt than other borrowers on campus as a result of Wake Will’s efforts.

April2,2014Wake Will Campaign Regional LaunchWashington DC

Approximately one of every eight alumni in the region attended Wake Will’s Washington event on April 2, 2014.

58 59

May7,2014Wake Will Campaign Regional Launch Raleigh, NC

Across the first eight regional launch events, alumni commitments totaled $1,961,722 in the 30 days after Wake Will came to town – a 181 percent increase from the $520,611 accrued in the month preceding the event.

June10,2014Million Dollar Day for the Wake Forest Fund

In response to a one-day giving challenge, 2,648 donors contributed more than $1 million to the Wake Forest Fund on June 10, 2014. In Year One of the campaign, annual giving to the Wake Forest Fund increased 13.8 percent, shattering previous records by more than four percentage points.

September5,2014Groundbreaking of the Sutton CenterWinston-Salem, NC

Wellbeing at Wake Forest is possible because of the generosity of several lead donors. At the groundbreaking of the Sutton Center, Ben Sutton (’80, JD ’83, P ’14) said, “Our family is pleased that Wake Forest has accepted the challenge of being a national leader in an area of so much importance.”

September5,2014Constant & True, Celebration of New Giving SocietiesWinston-Salem, NC

We announced the revitalization of the Wake Forest Giving Societies, including a new $50,000 annual club – the Old Gold Society.

September5,2014Groundbreaking of the McCreary Field HouseWinston-Salem, NC

Bob McCreary (’61) committed $7.5 million to the McCreary Field House. “What I’ve received is far greater than what I gave. I am blessed to give,” he said. “It’s selfish, because I’m going to enjoy it a lot – watching everyone else enjoy it.”

September5,2014Launch of Thrive – Our Focus on WellbeingWinston-Salem, NC

Thrive is Wake Forest’s comprehensive approach to wellbeing that includes eight dimensions: emotional, environmental, financial, intellectual, occupational, physical, social and spiritual. An estimated 2,500 students, faculty and staff attended the kickoff event.

September18-19,2014Celebration of Year One of Wake WillWinston-Salem, NC

Wake Will supporters filled the Scales Fine Arts Center and the Magnolia Patio of Reynolda Hall to hear a progress report, enjoy inspirational student and alumni stories and recognize Dr. Ed Wilson (’43) shortly after the 75th anniversary of his arrival on the Old Campus as a student.

September4,2014ZSR Library Recognition EventWinston-Salem, NC

One of our most precious resources is the ZSR Library, and thanks to several donors, its future is looking bright. In September, we celebrated the generosity of John Cooper (’72, MA ’73) and Lynne Eickholt (’74), Al (’75) and Susan Gurganus, Monty King, and Bob Sheehy (P ’14) and Andrea Kmetz-Sheehy (P ’14).

60 61

October9,2014Wake Will Campaign Regional Launch Boston, MA

Wake Will arrived in New England, where founding father Samuel Wait spent much of his early life, with an event at the Revere Hotel. Total giving from the Boston area to Wake Forest was 38 percent higher in Year One of Wake Will than in the previous 12 months.

October21,2014Porter Byrum Scholarship Celebration Winston-Salem, NC

Porter Byrum (JD ’42), one of the greatest philanthropists in Wake Forest’s history, returned to the University to address and hear from dozens of current beneficiaries of his endowed scholarship. His generosity has transformed our financial aid efforts.

November12,2014Wake Will Campaign Regional Launch Philadelphia, PA

The Franklin Institute, a place that exemplifies the inventive spirit of Wake Forest, also welcomed Wake Will. Philadelphia-area donor participation was 28 percent higher in Year One than in the previous 12 months.

December3,2014Wake Will Campaign Regional Launch Chicago, IL

The Chicago History Museum was home for a night to an impressive gathering of Wake Foresters. Chicago-area giving to Wake Will exceeded $1 million in Year One, matching its contributions in the previous year.

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62 63

When we decided to feature Neal Chastain (’86) in this annual report, we knew it was a compelling and moving story. But as it was being written, we found layers of connections and relationships we had not anticipated. The more each layer revealed, the more we dreamed. And then, one day the dream came true.

On November 4, 2014, June Booth (P ’86), Elizabeth Jay (’14), Arthur Orr (’86), Matt Snow (’86, P ’13, P ’17), and his two children, Emily (’13) and Mattox (’17), met at Wake Forest for a reunion 29 years in the making.

In front of Wait Chapel, June embraced Matt – her late son’s roommate and fraternity brother and current CEO of Dixon Hughes Goodman in Charlotte, and Arthur, Neal’s fraternity brother and Alabama state senator running for re-election that very day. That morning, they walked together down the brick pathways and beneath the fall leaves, reminiscing about the past and updating one another on the present.

A few steps behind them, Elizabeth caught up with her college friend, Emily Snow. Emily had lived on the same floor as Elizabeth when her mom had passed away. We soon learned that Elizabeth also knew Matt; she had held an internship at Dixon Hughes Goodman between her junior and senior years.

Then D’André Starnes (’15), the current recipient of the Neal Chastain Scholarship, joined the reunion. Together they talked of jobs in business, future hopes and plans, career paths, professors that Elizabeth and D’André shared, and tips that Mattox – an aspiring business major – might want to heed.

The end of the reunion brought the exchange of contact information with promises to keep in touch and to reach out if anyone needed anything.

This wasn’t just about weaving words together for an annual report story. This was about people, relationships, family. It was about realizing that the power of the Wake Forest community is beyond anything we could capture in words. Kindness and compassion – Pro Humanitate – genuinely flourish in the lives of Wake Foresters, and we found it here, in the life of one student whose influence has brought so many together three decades later.

Mark A. PetersenVice President for Advancement

ONE Special Moment

64 65

“Providence has been kind to Wake Forest. We are the same as we once were, yet radically different. Our humble beginnings, nourished in faith and sacrifice, planted seeds of learning and Pro Humanitate that have taken root and flourished for 180 years. We celebrate the past that has brought us to an unlimited future.”

Jenny Puckett (’71, P ’00) Retired Lecturer of Romance Languages Wake Forest Historian

66

Office of University AdvancementP.O. Box 7227Winston-Salem, NC 27109-7227

ChANge ServiCe reqUeSted

Nonprofit Org.U.S. PostagePAIDWinston-Salem, NCPermit No. 69

wakewi l l .wfu.edu

Photography for the Neal Chastain Story by Heather Evans Smith. All other photography by Ken Bennett.