Tyler Seibring opened the second half with a basket to give Elon a 10-point lead but Jalen Ray gave the Pride its first lead of the half with a 3-pointer with under 11 minutes left and put Hofstra in front for good with another from the arc just over a minute later.
Hofstra built an eight-point lead before the Phoenix (5-14, 1-5) got within one twice, the final time with 11.6 seconds left. But Wright-Foreman made two free throws and Seibring's 3-point try hit the front iron as time expired.
Jacquil Taylor added 13 points for Hofstra.
Seibring scored 25 points with four 3-pointers for Elon.
Hofstra has the nation's third-longest current win streak behind Michigan (16) and Virginia (15).
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