TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
Robert W Woodruff Foundation Inc

Number and street (or P.O. box number if mail is not delivered to street address)191 Peachtree Street NE 3540
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Atlanta, GA303031799

A Employer identification number

58-1695425

B Telephone number (see instructions)

(404) 522-6755

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$3,913,797,193J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	7,836,425		7,836,425
4	Dividends and interest from securities...	103,561,949		103,561,949
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		135,865,839
b	Gross sales price for all assets on line 6a 531,021,929
7	Capital gain net income (from Part IV, line 2)...			135,865,839
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	1	1
12	Total. Add lines 1 through 11........	247,264,214		247,264,214
13	Compensation of officers, directors, trustees, etc.	690,703		185,030	505,673
14	Other employee salaries and wages......	445,918		22,927	422,991
15	Pension plans, employee benefits.......	294,150		33,175	260,975
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	35,572	2,846	32,726
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,524,113	1,511,500	12,613
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	3,762,987	0	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	4,040	323
20	Occupancy..............	114,339		9,147	105,192
21	Travel, conferences, and meetings.......	43,530		15,905	27,625
22	Printing and publications..........	617		49	568
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	117,992	6,463	111,529
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	7,033,961		1,787,365	1,479,892
25	Contributions, gifts, grants paid.......	189,635,270			189,635,270
26	Total expenses and disbursements. Add lines 24 and 25	196,669,231		1,787,365	191,115,162
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	50,594,983
b	Net investment income (if negative, enter -0-)			245,476,849
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	5,818	5,790	5,790
	2	Savings and temporary cash investments.........	41,649,213	62,994,169	62,994,169
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	27,179,843	List of Attached Documents: // Content 40,724,011	41,200,789
	b	Investments—corporate stock (attach schedule).......	550,497,976	List of Attached Documents: // Content 696,527,915	3,612,584,810
	c	Investments—corporate bonds (attach schedule).......	177,419,313	List of Attached Documents: // Content 169,547,871	166,154,008
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 22,042,895
		Less: accumulated depreciation (attach schedule) 674,640	21,372,294	List of Attached Documents: // Content 21,368,255	30,254,276
	15	Other assets (describe )	List of Attached Documents: // Content 315,735	List of Attached Documents: // Content 356,378	List of Attached Documents: // Content 603,351
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	818,440,192	991,524,389	3,913,797,193
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	List of Attached Documents: // Content 1,675	List of Attached Documents: // Content 1,970
	23	Total liabilities (add lines 17 through 22).........	1,675	1,970
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	818,438,517	991,522,419
	29	Total net assets or fund balances (see instructions).....	818,438,517	991,522,419
	30	Total liabilities and net assets/fund balances (see instructions).	818,440,192	991,524,389

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

818,438,517

Enter amount from Part I, line 27a .....................

50,594,983

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

122,488,919

Add lines 1, 2, and 3 ..........................

991,522,419

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

991,522,419

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	531,021,929	395,156,090	135,865,839
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			135,865,839
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	135,865,839
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	3,412,128
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	3,412,128
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,412,128
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	3,661,744
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	3,661,744
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	249,616
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax249,616	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions Click to see attachment

List of Attached Documents:

// Content

.................

Yes

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

www.woodruff.org

The books are in care of right arrow

Erik S Johnson Secretary Telephone no. right arrow

(404) 522-6755

Located at right arrow

191 Peachtree Street NE Suite 3540AtlantaGA ZIP+4 right arrow

303031799

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

Yes

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

Yes

If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment

List of Attached Documents:

// Content

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
James B Williams	Trustee- Chair Emeritus 1.00	25,000	1,632	0
191 Peachtree St Suite 3540 Atlanta,GA30303	Trustee- Chair Emeritus 1.00	25,000	1,632	0
E Jenner Wood III	Trustee- Chair 4.00	25,000	1,632	0
191 Peachtree St Suite 3540 Atlanta,GA30303	Trustee- Chair 4.00	25,000	1,632	0
Lawrence L Gellerstedt III	Trustee 1.00	25,000	1,632	0
191 Peachtree St Suite 3540 Atlanta,GA30303	Trustee 1.00	25,000	1,632	0
Thomas J Lawley Retired 4423	Trustee 2.00	12,500	408	0
191 Peachtree St Suite 3540 Atlanta,GA30303	Trustee 2.00	12,500	408	0
David P Stockert	Trustee 2.00	31,667	1,632	0
191 Peachtree St Suite 3540 Atlanta,GA30303	Trustee 2.00	31,667	1,632	0
Joseph A Arnold elected 4423	Trustee 1.00	20,000	1,224	0
191 Peachtree St Suite 3540 Atlanta,GA30303	Trustee 1.00	20,000	1,224	0
P Russell Hardin	President 17.00	264,728	40,038	1,011
191 Peachtree St Suite 3540 Atlanta,GA30303	President 17.00	264,728	40,038	1,011
Erik S Johnson	Vice President & Secretary 17.00	152,822	35,485	679
191 Peachtree St Suite 3540 Atlanta,GA30303	Vice President & Secretary 17.00	152,822	35,485	679
Eli P Niepoky	Treasurer 17.00	133,986	40,166	689
191 Peachtree St Suite 3540 Atlanta,GA30303	Treasurer 17.00	133,986	40,166	689

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Elizabeth Smith	Grants Program Direc 17.00	80,232	19,064	684
191 Peachtree St Suite 3540 Atlanta,GA30303	Grants Program Direc 17.00	80,232	19,064	684
Sarah Tablan	Controller 17.00	72,146	23,006	679
191 Peachtree St Suite 3540 Atlanta,GA30303	Controller 17.00	72,146	23,006	679
Carrie Conway	Senior Program Offic 17.00	57,930	23,022	679
191 Peachtree St Suite 3540 Atlanta,GA30303	Senior Program Offic 17.00	57,930	23,022	679
Katrina Voegtlin	Assistant Controller 17.00	48,903	21,575	693
191 Peachtree St Suite 3540 Atlanta,GA30303	Assistant Controller 17.00	48,903	21,575	693
Dahlia Brown	Program Officer 17.00	47,268	19,187	682
191 Peachtree St Suite 3540 Atlanta,GA30303	Program Officer 17.00	47,268	19,187	682
Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
GANNETT WELSH & KOTLER LLC	INVESTMENT MANAGER	470,808
222 BERKELEY STREET 15TH FLOOR BOSTON,MA02116	INVESTMENT MANAGER	470,808
T ROWE PRICE ASSOCIATES	INVESTMENT MANAGER	436,331
PO BOX 64043 BALTIMORE,MD21264	INVESTMENT MANAGER	436,331
TRUIST	INVESTMENT ADVISOR	314,074
303 PEACHTREE ST ATLANTA,GA30308	INVESTMENT ADVISOR	314,074
MERGANSER	INVESTMENT MANAGER	246,217
99 HIGH ST BOSTON,MA02110	INVESTMENT MANAGER	246,217

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,706,095,175

Average of monthly cash balances.......................

49,307,313

Fair market value of all other assets (see instructions)................

550,281

Total (add lines 1a, b, and c).........................

3,755,952,769

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) Click to see attachment

List of Attached Documents:

// Content

.............

151,475,064

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,755,952,769

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

56,339,292

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

3,699,613,477

Minimum investment return. Enter 5% (0.05) of line 5................

184,980,674

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

184,980,674

Tax on investment income for 2022 from Part V, line 5.......

3,412,128

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

3,412,128

Distributable amount before adjustments. Subtract line 2c from line 1............

181,568,546

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

181,568,546

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

181,568,546

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

191,115,162

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

191,115,162

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				181,568,546
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			187,181,543
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 191,115,162
a Applied to 2022, but not more than line 2a			187,181,543
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2023 distributable amount.....				3,933,619
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2023.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........				177,634,927
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

P Russell Hardin President
191 Peachtree St NE Suite 3540
Atlanta,GA30303
(404) 522-6755

bThe form in which applications should be submitted and information and materials they should include:

Application form not required. Proposals should be submitted via the Foundation's online application portal on its website. Before submitting a formal grant request, prospective grantees are encouraged to submit an informal inquiry to fdns@woodruff.org. The grant request should be made in letter form and include the following information: - A description of the organization, its purposes, programs, staffing and governing board - The organization's latest financial statements including the most recent audit report - A description of the proposed project and full justification for its funding - An itemized project budget, including other sources of support in hand or anticipated - Evidence from the IRS of the organization's tax-exempt status and that the applying organization itself is not a private foundation.

cAny submission deadlines:

Grant applications are considered in April and November for requests received by Feb. 1 and Aug. 15.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Grants generally are limited to tax-exempt charities and selected governmental agencies located and operating in Georgia, with most grants awarded to organizations in Atlanta. Grants to qualified public charities headquartered outside Georgia occasionally are considered when it is demonstrated that the proposed project will have particular impact in Georgia and fits within the program interests of the Foundation. These interests are focused on the following program areas: - Elementary, secondary and higher education - Health care and education - Human services, particularly for children and youth - Economic development and civic affairs - Art and cultural activities - Conservation of natural resources and environmental education. Grants for regular operating expenses are avoided. No grants are made to individuals.

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
American Cancer Society PO Box 1685 Atlanta,GA30301		PC	Support of research partnership with the Winship Cancer Institute.	2,500,000
APF Support Inc fbo Atlanta Police Foundation 191 Peachtree Street NE Suite 191 Atlanta,GA30303		SO I	$90 million campaign to support a comprehensive public safety strategy.	6,000,000
Atlanta BeltLine Partnership 112 Krog Street NE Suite 14 Atlanta,GA30307		PC	Completion of the 22-mile trail corridor loop ($75 million) and support for the Legacy Resident Retention Program ($2.5 million) and Partnership operations ($2.5 million).	18,000,051
Atlanta Educational Telecommunications Collaborative 740 Bismark Rd NE Atlanta,GA30324		PC	$10 million campaign to update technology, expand newsroom, and build digital audiences.	1,000,000
Atlanta Historical Society Inc 130 West Paces Ferry Road NW Atlanta,GA30305		PC	$49.5 million centennial anniversary campaign to improve the museum with new exhibits, digital storytelling, childrens offerings and campus updates.	6,000,000
Candid 32 Old Slip 24th Floor New York,NY10005		PC	Support of Candid's Atlanta office.	100,000
Community Foundation for Greater Atlanta 191 Peachtree Street NE Suite 1000 Atlanta,GA30303		PC	Establishment of the Woodruff and Whitehead Affordable Housing Donor Advised Fund.	75,000,120
Community Foundation for Greater Atlanta 191 Peachtree Street NE Suite 1000 Atlanta,GA30303		PC	Renovation of Crestview Health and Rehabilitation Center, expansion of neighborhood outpatient centers, and other priority projects as part of Grady Health Systems $110 million campaign.	10,000,008
Emory University 100 Woodruff Circle Atlanta,GA30322		PC	Support of the Rollins Epidemiology Fellowship program.	1,650,000
Feeding Georgia 3400 N Desert Drive Atlanta,GA30344		SO I	Support of matching capital grants for member food banks ($4,900,000) and a statewide hunger study ($100,000).	2,000,000
Georgia Center for Nonprofits 881 Memorial Drive SE Suite 1001 Atlanta,GA30316		PC	Support of operations and capacity-building programs to strengthen nonprofits in Georgia.	250,000
Georgia Council on Economic Education PO Box 1619 Atlanta,GA30301		PC	Support of programs to strengthen K-12 economics education in Georgia.	200,000
Georgia Press Educational Foundation 140 Locust Street Avondale Estates,GA30002		PC	Support of the Capitol Beat news service bureau to provide coverage of state government.	75,000
Georgia State University Foundation PO Box 3999 Atlanta,GA30302		PC	Construction of training facilities ($10 million) and expansion of nursing education pipeline ($2 million) in partnership with Grady Health System.	7,725,000
Georgia Tech Foundation 225 North Avenue NW Atlanta,GA30332		PC	Phase III construction of Tech Square.	12,500,047
Grant Park Conservancy PO Box 89189 Atlanta,GA30312		PC	Renovation of the Southeast Quadrant, Ormond Plaza and Courtyard, and Park Care Center as part of $6 million campaign.	500,000
Ichauway Incorporated 3988 Jones Center Drive Newton,GA39870		POF	2023 capital and operating needs.	12,000,000
Ichauway Incorporated 3988 Jones Center Drive Newton,GA39870		POF	Implementation of master facilities plan.	2,585,000
National Museum of the Mighty Eighth Air Force PO Box 1992 Savannah,GA31402		PC	$10 million campaign to expand the museum with new space for exhibitions, collections and education programs.	750,000
National Trust for Local News 405 Waltham Street 319 Lexington,MA02421		PC	Establishment of the Georgia Trust for Local News to strengthen community newspapers.	1,000,000
Park Pride PO Box 4936 Atlanta,GA30302		PC	Continued support of the Legacy Grant Program to support park improvement projects.	1,700,000
Parkinson's Foundation 200 SE 1st Street Ste 800 Miami,FL33131		PC	Expansion of research partnership with Morehouse School of Medicine to increase access to genetic testing and accelerate clinical trials for Parkinson's disease.	500,000
PATH Foundation 1601 W Peachtree Street NE Atlanta,GA30309		PC	$17.6 million campaign to add 18 new miles of trails.	2,000,000
Rabun Gap-Nacoochee School 339 Nacoochee Drive Rabun Gap,GA30568		PC	$9.5 million campaign to renovate Hodgson Hall.	2,500,000
Robert W Woodruff Arts Center 1280 Peachtree Street NE Atlanta,GA30309		PC	$67 million campaign to update facilities and community spaces.	10,000,044
Robert W Woodruff Library of the AUC Inc 111 James P Brawley Drive SW Atlanta,GA30314		PC	Completion of the Exhibition Hall for library serving the Atlanta University Center.	1,200,000
The Henry W Grady Health System Foundation Inc 191 Peachtree Street Suite 820 Atlanta,GA30303		PC	Construction of training facilities ($6.6 million) and expansion of nursing education pipeline ($5 million) in partnership with Georgia State University.	1,600,000
Trust for Public Land 600 W Peachtree St NW Suite 1840 Atlanta,GA30308		PC	Support of Chattahoochee RiverLands demonstration project.	5,000,000
University of Georgia Foundation 220 South Jackson Street Athens,GA30602		PC	Support through 2024 of the Georgia Legislative Leadership Institute, a leadership development program for freshmen members of the Georgia General Assembly.	300,000
University of Georgia Foundation 220 South Jackson Street Athens,GA30602		PC	Renovation of the Holmes-Hunter Academic Building.	5,000,000
Total ................................. 3a				189,635,270

bApproved for future payment
Atlanta Historical Society Inc 130 West Paces Ferry Road NW Atlanta,GA30305	PC	$49.5 million centennial anniversary campaign to improve the museum with new exhibits, digital storytelling, childrens offerings and campus updates.	6,000,000
Atlanta Police Foundation 191 Peachtree Street NE Suite 191 Atlanta,GA30303	PC	Public safety project enhancements identified by community.	10,000,000
Berry College 2277 Martha Berry Hwy NW Mount Berry,GA30149	PC	$33.4 million campaign to construct a health sciences building.	5,000,000
Community Foundation for Greater Atlanta 191 Peachtree Street NE Suite 1000 Atlanta,GA30303	PC	Renovation of Crestview Health and Rehabilitation Center, expansion of neighborhood outpatient centers, and other priority projects as part of Grady Health Systems $110 million campaign.	40,000,000
Fernbank Inc 767 Clifton Road NE Atlanta,GA30307	PC	Construction of new exhibits, galleries and accessibility projects as part of $25 million campaign.	8,000,000
Ichauway Incorporated 3988 Jones Center Drive Newton,GA39870	POF	2024 capital and operating needs.	12,600,000
Park Pride PO Box 4936 Atlanta,GA30302	PC	Continued support of the Legacy Grant Program to support park improvement projects.	1,700,000
PATH Foundation 1601 W Peachtree Street NE Atlanta,GA30309	PC	$17.6 million campaign to add 18 new miles of trails.	2,000,000
Robert W Woodruff Arts Center 1280 Peachtree Street NE Atlanta,GA30309	PC	$67 million campaign to update facilities and community spaces.	10,000,000
Russell Innovation Center for Entrepreneurs 504 Fair Street Atlanta,GA30313	PC	Capital expansion as part of $44.5 million campaign to support Black entrepreneurs in Atlanta.	2,500,000
Wylde Center 435 Oakhurst Road Decatur,GA30030	PC	$2.9 million campaign to improve greenspaces and expand environmental education programs.	250,000
Total ................................. 3b			98,050,000

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	7,836,425
4 Dividends and interest from securities ....			14	103,561,949
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	135,865,839
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aICHAUWAY, INC. RENT			16	1
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		247,264,214	0

13Total. Add line 12, columns (b), (d), and (e)..................

247,264,214

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
AUDIT FEES	35,572	2,846		32,726

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
AV EQUIPMENT	2011-07-01	7,988	7,988	SL	5.000000000000	0
FURNITURE & EQUIPMENT	2011-07-01	124,516	124,516	SL	7.000000000000	0
LEASEHOLD IMPROVEMENTS	2011-07-01	60,601	45,837	SL	15.000000000000	4,040
LAND AND BUILDINGS-BAKER CO., GA.	1990-03-01	21,849,790	492,259		0 %	0

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 ExpenditureResponsibilityStmt

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Results of Verification
Ichauway Inc	3988 Jones Center Drive Newton,GA39870	2021-12-07	11,200,000	2022 capital and operating needs.	869,358	Grantee did not divert any part of the funds from the purpose of the grant.	December 13, 2022 and April 4, 2023	Grantee made formal written reports on the grant in December 2022 and April 2023. Full year 2022 financial statements were presented to the Woodruff Foundation officers and trustees in January 2023.
Ichauway Inc	3988 Jones Center Drive Newton,GA39870	2021-12-07	17,585,474	For implementation of a master facilities plan, payable over three years up to $17,585,474.	2,848,375	Grantee did not divert any part of the funds from the purpose of the grant.	April 5, 2022, December 13, 2022 and April 4, 2023	Grantee made formal written reports on the grant in April and December 2022 and April 2023.
Ichauway Inc	3988 Jones Center Drive Newton,GA39870	2022-12-16	12,000,000	2023 capital and operating needs.	11,897,424	Grantee did not divert any part of the funds from the purpose of the grant.	November 29, 2023 and April 2, 2024	Grantee made formal written reports on the grant in November 2023 and April 2024. Full year 2023 financial statements were presented to the Woodruff Foundation officers and trustees in January 2024. Those grant funds that were not expended in 2023 were fully expended in 2024 before this return was filed.

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC 3.800% 3/15/25	1,510,474	1,499,252
AERCAP IRELAND CAP 1.650% 10/29/24	310,665	303,041
AERCAP IRELAND CAPIT 6.450% 4/15/27	809,982	827,301
AGL CAPITAL CORP 3.875% 11/15/25	1,002,572	911,606
ALLY AUTO RECEI ABS 3.450% 6/15/27	984,813	960,040
ALLY AUTO RECEIV ABS 5.070% 6/15/31	649,978	652,223
AMERICAN EXPRESS ABS 4.870% 5/15/28	999,911	1,007,330
AMERICAN HONDA MTN 5.000% 5/23/25	1,369,055	1,373,480
AMERICAN TOWER CORP 2.950% 1/15/25	1,258,981	1,214,634
AMGEN INC 2.600% 8/19/26	487,221	498,881
AMGEN INC 5.150% 3/02/28	953,338	977,681
AVIS BUDGET REN ABS 2.360% 3/20/26	1,538,379	1,453,605
BANK OF AMER MTN V-D 1.319% 6/19/26	1,496,962	1,519,925
BANK OF AMER MTN V-Q 2.015% 2/13/26	680,753	667,839
BANK OF AMERICA ABS 4.790% 5/15/28	1,014,770	1,018,532
BANK OF NY V-D 4.947% 4/26/27	910,000	910,273
BARCLAYS ABS V-M 6.227% 8/15/28	1,100,000	1,101,848
BARCLAYS PLC V-D 6.496% 9/13/27	412,361	426,662
BENCHMARK MTGE CMO 3.662% 2/15/51	175,607	165,158
BK MONTREAL MTN CONV 4.700% 9/14/27	894,606	897,399
BNP PARIBAS V-Q 2.219% 6/9/26	758,513	715,913
BOSTON PROP LP 3.800% 2/01/24	1,375,948	1,397,354
BX TR CMO V-M 6.726% 11/15/36	1,375,550	1,351,519
BX TRUST CMO V-M 6.176% 9/15/36	996,537	974,260
CANADIAN PACIFIC 1.350% 12/02/24	998,680	964,120
CATERPILLAR FINL MTN 3.650% 8/12/25	549,335	541,046
CCG RECEIVABLES ABS 0.300% 6/14/27	96,506	95,889
CD COMMERCIA CMO 3.248% 11/10/49	1,223,068	1,214,171
CENTERPOINT ENE ABS 3.0282% 10/15/25	633,153	604,354
CHARTER COMM OPT LLC 4.908% 7/23/25	1,143,189	1,049,919
CITIGROUP CMO 3.349% 2/10/49	1,185,951	1,162,404
CITIGROUP COMM CMO 3.192% 4/10/48	1,477,586	1,497,610
CITIGROUP INC V-Q 3.106% 4/08/26	1,178,434	1,205,168
CNH EQUIPMENT ABS 1.510% 4/15/27	1,023,902	1,007,978
CNH EQUIPMENT ABS 4.810% 8/15/28	1,289,783	1,288,091
CNH EQUIPMENT T ABS 5.250% 11/15/29	659,926	665,636
COMM MORTGAGE CMO 3.828% 7/15/47	1,327,957	1,334,921
COMM MTG TR CMO 3.432% 8/10/48	880,983	861,597
COMM MTGE TRUST CMO 1.670% 1/10/38	1,001,289	893,440
COMMONWEALTH EDISON 2.550% 6/15/26	1,436,042	1,484,870
CONTL AIRLINES 4.150% 10/11/25	744,752	712,835
CSMC CMO V-M 7.009% 5/15/36	995,336	994,286
CVS HEALTH CORP 1.300% 8/21/27	964,537	1,016,932
DAIMLER TRUCKS ABS 5.230% 2/17/26	1,342,986	1,347,422
DELTA AIR LINES ABS 3.204% 10/25/25	1,555,800	1,487,910
DNB BANK V-D 2.968% 3/28/25	980,000	973,659
DUKE ENERGY FLORIDA 2.538% 9/01/31	768,933	777,268
ENERGY TRANSFER PART 5.500% 6/01/27	1,216,107	1,239,921
ENTERPRISE ABS 0.480% 5/20/27	151,040	149,206
ENTERPRISE FLEET ABS 0.440% 12/21/26	180,738	179,481
EVERGREEN CREDIT ABS 6.560% 11/15/26	1,639,780	1,643,641
FEDERAL REALTY INV 1.250% 2/15/26	955,844	978,295
FIFTH THIRD AUT ABS 5.530% 8/15/28	1,199,926	1,216,644
FIRSTKEY HOMES ABS 1.266% 10/19/37	1,443,085	1,361,922
FIRSTKEY HOMES ABS 1.339% 9/17/25	1,258,903	1,189,694
FISERV INC 3.200% 7/01/26	1,035,935	1,034,784
FORD CREDIT ABS 2.290% 8/15/31	1,423,023	1,346,422
FORD CREDIT ABS 3.810% 8/15/25	982,969	988,350
FORD CREDIT AUT ABS 4.650% 2/15/28	539,944	538,002
FORD CREDIT AUT ABS 5.230% 5/15/28	489,993	494,239
FORD CREDIT AUTO ABS 3.520% 7/15/30	918,203	874,221
FORD CREDIT FLO ABS 4.920% 5/15/28	819,994	821,714
GM FINANCIAL ABS 5.160% 1/20/27	774,928	774,496
GM FINANCIAL ABS 5.540% 5/20/27	649,930	649,675
GM FINANCIAL SEC ABS 5.780% 8/16/28	539,889	553,694
GOLDMAN SACHS V-D 2.640% 2/24/28	2,225,000	2,062,597
HPEFS EQUIPMENT ABS 1.790% 5/21/29	1,090,703	1,123,596
HYUNDAI AUTO REC ABS 1.330% 11/15/27	692,289	655,886
INTL BK RECON MTN 0.650% 2/24/26	1,572,378	1,607,647
JOHN DEERE ABS 5.010% 11/15/27	644,882	646,219
JOHN DEERE OWNE ABS 5.480% 5/15/28	789,946	802,261
JOHN DEERE OWNER ABS 5.180% 3/15/28	839,860	847,316
JPMBB COML MTG CMO 3.4943% 1/15/48	757,036	750,504
JPMBB COMM CMO 3.8014% 8/15/48	1,329,412	1,278,309
JPMBB COMMER CMO 3.6108% 5/15/48	1,441,930	1,425,876
JPMBB COMMERCIA CMO 3.2274% 10/15/48	415,807	414,318
JPMORGAN CHASE V-Q 1.470% 9/22/27	1,457,978	1,501,259
LIFE FINAN CMO V-M 6.657% 5/15/39	1,268,413	1,241,425
LIFE FINANC CMO V-M 6.176% 3/15/38	1,448,652	1,442,017
MERCEDES-BENZ ABS 4.740% 1/15/27	1,019,965	1,015,685
MET LIFE GLOBAL MTN 0.700% 9/27/24	1,481,985	1,448,685
MORGAN STANLEY CMO 3.069% 2/15/48	59,010	56,777
MS CAPITAL I CMO 3.510% 5/15/48	716,619	716,275
MUTUAL OMAHA GLOBAL 5.800% 7/27/26	754,426	769,322
NATIONAL RURAL UTIL 4.450% 3/13/26	344,755	344,479
NATIONAL RURAL UTIL 5.450% 10/30/25	1,462,204	1,444,314
NATWEST GRP CONV V-A 5.847% 3/02/27	695,000	700,817
PFIZER INVT ENTERPRI 4.450% 5/19/26	1,747,953	1,745,048
PFS FINANCING ABS 0.770% 8/17/26	589,313	581,274
PNC FINL SVCS V-D 4.758% 1/26/27	460,000	456,380
PROGRESS RESID ABS 2.271% 9/17/36	1,637,567	1,580,080
PROGRESS RESID ABS 2.687% 10/17/36	908,583	873,196
RTX CORP 5.750% 11/08/26	564,492	580,594
SAN DIEGO GAS & ELEC 6.000% 6/01/26	1,117,444	1,100,174
SANTANDER HOLD V-D 4.260% 6/09/25	202,377	207,474
SMRT CMO V-M 6.712% 1/15/39	971,875	974,900
SUMITOMO MITSUI MTN 5.650% 3/09/26	1,078,769	1,093,792
THARALDSON CMO V-M 6.993% 12/10/34	498,750	508,185
T-MOBILE USA INC 2.625% 4/15/26	410,909	423,257
TOR DOM BK MTN CONV 5.532% 7/17/26	675,000	687,825
TORONTO DOM BANK MTN 1.200% 6/03/26	867,943	908,889
TOYOTA AUTO LOA ABS 2.560% 11/25/31	1,735,317	1,658,849
TRANSCANADA PIPE V-D 6.930% 3/09/26	995,000	996,373
TRUIST FINL MTN V- 5.810% 6/09/25	1,450,412	1,452,978
UBS COMMERCIAL CMO 3.418% 12/15/50	1,283,569	1,297,062
VERIZON MAST ABS 1.830% 7/20/28	1,201,725	1,210,948
VERIZON MASTER ABS 1.280% 4/20/28	1,296,902	1,253,525
VERIZON MASTER ABS 5.160% 6/20/29	919,898	930,939
VERIZON MASTER ABS 5.420% 4/20/28	1,454,977	1,450,315
VOLKSWAGEN AUTO ABS 5.020% 6/20/28	1,059,739	1,065,650
WEA FINANCE LLC 3.750% 9/17/24	1,407,055	1,315,652
WEC ENERGY GROUP INC 5.600% 9/12/26	1,089,826	1,109,348
WELLS FARGO MTN V-Q 2.164% 2/11/26	1,535,445	1,477,315
VANGUARD TOTAL BOND MARKET	20,872,979	20,190,799
DODGE & COX INCOME FUND	19,323,597	19,355,255
NEUBERGER BERMAN HIGH INCM BD-INS	16,183,668	14,577,463
FED HERMES GOVT OBLIG-PREMIER #117	753,202	753,202

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACADIA HEALTHCARE	666,140	1,362,277
ADOBE INC	1,578,002	2,003,979
ADVANCED MICRO DEVICES INC	695,765	1,199,033
AFFIRM HOLDINGS INC CL A	170,661	422,555
AGREE REALTY CORP REIT	1,300,015	1,202,597
ALLIENT INC	15	15
ALPHABET INC CL A	2,774,039	9,340,651
AMAZON.COM INC	2,397,861	9,580,273
AMPHENOL CORP	2,011,335	2,550,020
APPLE INC	2,911,780	8,898,737
APTARGROUP INC	618,076	882,400
ASML HOLDING NV SPONS ADR	1,109,306	2,067,905
ATKORE INC	1,442,235	1,907,680
ATLANTIC UNION BANKSHARES CORP	1,395,650	1,298,559
ATLASSIAN CORPORATION CL A	2,030,808	2,455,905
AUO CORPORATION SPONS ADR	2	2
AURORA INNOVATION INC CL A	190,557	317,577
AZENTA INC	1,659,704	1,748,423
BECTON DICKINSON & CO	1,623,912	1,720,464
BIO RAD LABORATORIES CL A	1,405,440	1,372,605
BJ'S WHOLESALE CLUB HOLDINGS	912,372	2,332,700
BOOKING HOLDINGS INC	1,262,141	2,334,071
BOOZ ALLEN HAMILTON HOLDING CL A	827,151	2,281,531
BRIGHT HORIZONS FAMILY SOLUTIONS	1,696,794	1,500,866
BURLINGTON STORES INC	1,011,590	1,419,121
CADENCE DESIGN SYSTEMS INC	1,303,228	1,764,958
CARTERS INC	714,416	670,415
CATALENT INC	794,297	754,734
CAVCO INDUSTRIES INC	973,302	2,270,708
CCC INTELLIGENT SOLUTIONS HLD	1,645,884	1,600,899
CHAMPIONX CORP	527,376	710,212
CHARLES SCHWAB CORP	514,520	565,192
CHART INDUSTRIES INC	976,588	799,575
CHIPOTLE MEXICAN GRILL INC	762,483	1,379,037
COCA COLA CO	42,575,329	2,793,239,570
COGNEX CORP	2,276,471	1,862,648
COLUMBUS MCKINNON CORP NY	1,367,918	1,083,195
COMFORT SYSTEMS USA INC	949,061	2,391,942
COUPANG INC CL A	1,243,378	851,966
CYBERARK SOFTWARE LTD/ISRAEL	1,787,296	2,646,124
DANAHER CORP	435,278	469,389
DOLLAR GENERAL CORP	793,529	908,146
DORMAN PRODUCTS	1,014,603	1,193,180
DYNATRACE INC	986,432	1,242,885
EAGLE MATERIALS INC	1,033,144	2,275,256
EASTERLY GOVERNMENT PROPERTIES REIT	1,394,831	1,078,466
EASTGROUP PPTYS INC REIT	1,299,510	1,459,143
ELEMENT SOLUTIONS INC	1,597,929	1,943,413
ENTEGRIS INC	869,579	2,163,949
EXPONENT INC	733,198	1,339,088
FAIR ISAAC CORP	917,022	1,217,554
FEDERAL SIGNAL CORP	759,200	1,930,011
FISERV INC	3,413,110	4,426,760
FIVE BELOW	703,124	1,878,579
FOX CORP CL B	37	28
GATES INDUSTRIAL CORP PLC	1,542,096	1,394,861
GAZPROM PJSC-SPON ADR	15,944	3,837
GENTHERM INC	1,209,334	845,143
GIBRALTAR INDUSTRIES INC	860,678	1,554,563
GLACIER BANCORP INC	909,615	1,025,562
GLOBAL PAYMENTS INC	2,350,250	1,847,469
GLOBANT SA	2,316,833	2,305,788
GLOBUS MEDICAL INC	1,566,188	1,601,045
GRAND CANYON EDUCATION INC	906,670	1,025,555
HALOZYME THERAPEUTICS INC	1,470,640	1,187,303
HEXCEL CORP	1,262,445	1,583,781
HOLOGIC INC	1,395,571	1,392,561
HOWMET AEROSPACE INC	543,941	583,847
HUMANA INC	790,214	957,281
IDACORP INC	1,241,174	1,353,670
IDEX CORP	1,824,648	1,828,066
INGERSOLL-RAND INC	925,514	2,107,824
INTEGER HOLDINGS CORPORATION	1,416,822	1,844,870
INTRA-CELLULAR THERAPIES INC	1,461,585	1,907,384
INTUIT INC	2,523,670	5,804,654
INTUITIVE SURGICAL INC	1,401,660	3,384,733
ITT INC	1,320,551	1,751,856
JAZZ PHARMACEUTICALS PLC	1,736,998	1,500,354
KINSALE CAPITAL GROUP INC	884,981	2,157,490
KRISPY KREME INC	502,644	532,134
LANCASTER COLONY CORP	1,346,315	1,374,548
LEGEND BIOTECH CORP SPONS ADR	745,082	692,737
LILLY ELI & CO	1,846,145	3,123,868
LINCOLN ELEC HLDGS INC	1,266,674	1,961,489
LITHIA MOTORS INC-CLASS A	747,428	2,119,575
LUKOIL PJSC SPONS ADR	34,899	611
MACOM TECHNOLOGY SOLUTIONS HLDGS INC	848,843	1,399,548
MAGIC LEAP INC- CL A COM PPE	137,390	1,344
MAGNOLIA OIL & GAS CORP CL A	1,176,867	1,047,915
MANHATTAN ASSOCS INC	1,549,118	2,183,345
MARKETAXESS HOLDINGS INC	859,255	1,065,681
MASTERCARD INC CL A	3,772,515	4,615,691
MATADOR RESOURCES CO	1,319,247	1,251,830
META PLATFORMS INC CL A	3,394,852	6,343,317
MICROSOFT CORP	2,976,340	15,933,567
MMC NORILSK NICKEL PJSC SPONS ADR	14,618	0
MOBILE TELESYSTEMS PJSC SPONS ADR	15,020	0
MOLINA HEALTHCARE INC	293,698	765,255
MONGODB INC CL A	332,417	435,425
NATIONAL STORAGE AFFILIATES REIT	1,170,176	963,887
NETFLIX INC	1,274,296	1,836,024
NEUROCRINE BIOSCIENCES INC	1,290,593	1,944,909
NORDSON CORP	1,027,445	2,272,833
NVIDIA CORP	3,569,671	7,519,420
OVINTIV INC	1,154,419	986,531
PAYLOCITY HOLDING CORP	2,052,302	1,641,247
PAYLOCITY HOLDING CORP	1,212,740	1,188,404
PELOTON INTERACTIVE INC-A	1,285,347	388,920
PENUMBRA INC	586,072	557,916
PERFORMANCE FOOD GROUP CO	1,413,625	2,124,219
PHYSICIANS REALTY TRUST REIT	832,033	673,473
PINNACLE FINANCIAL PARTNERS INC	1,411,285	2,119,620
PIPER SANDLER COS	909,662	1,994,567
POLARIS INC	1,419,711	1,216,752
PORTLAND GENERAL ELECTRIC CO	1,391,935	1,305,661
PROCORE TECHNOLOGIES INC	1,395,266	1,512,942
QUAKER CHEMICAL CORP	1,462,303	2,025,783
RAPID7 INC	386,907	1,000,792
RBC BEARINGS INC	1,340,039	2,656,314
RIVIAN AUTOMOTIVE INC CL A	1,295,208	749,359
ROSS STORES INC	1,572,753	2,295,475
RPM INTERNATIONAL INC	825,020	1,795,234
SALESFORCE INC	1,376,471	2,136,697
SCHLUMBERGER LTD	1,306,648	1,189,010
SCHNEIDER NATIONAL INC CL B	1,080,188	1,109,289
SERVICENOW INC	2,240,938	3,651,140
SILICON LABORATORIES INC	787,551	1,282,358
SM ENERGY COMPANY	832,337	709,002
SNAP INC CL A	447,570	748,814
SPOTIFY TECHNOLOGY SA	1,093,588	1,130,467
STIFEL FINANCIAL CORPORATION	1,107,451	1,302,095
STRIPE INC-CL B	44,717	63,669
STRYKER CORPORATION	1,939,368	3,096,416
SUN COMMUNITIES INC REIT	1,098,441	1,558,225
TANDEM DIABETES CARE INC	1,079,016	1,179,680
TATNEFT PAO SPONS ADR	7,034	0
TEXAS ROADHOUSE INC CL A	1,223,778	2,349,750
THE CIGNA GROUP	2,773,609	4,035,089
T-MOBILE US INC	2,548,294	2,890,269
TORO CO	976,711	1,495,332
TRADEWEB MARKETS INC CL A	714,478	919,706
UNITEDHEALTH GROUP INC	3,958,181	5,929,632
VAIL RESORTS INC	914,826	941,616
VANGUARD S&P 500 ETF	260,334,833	299,326,810
VANGUARD SMALL CAP GROWTH ETF	33,357,211	35,669,053
VANGUARD VALUE ETF	58,780,266	73,797,685
VERICEL CORP	882,809	845,880
VERTEX PHARMACEUTICALS INC	485,459	748,678
VIATRIS INC	16	11
VISA INC CL A	1,840,198	3,802,932
VOYA FINANCIAL INC	1,826,027	2,299,261
WARNER BROS DISCOVERY INC CL A	23	11
WINTRUST FINANCIAL CORP	1,252,864	1,558,293
ZEBRA TECHNOLOGIES CORP	886,398	1,345,877
ARTISAN INTL VALUE FUND-INS	21,719,089	23,834,631
VANGUARD INST INDEX-INST	32,949,990	37,433,587
VANGUARD INTL GROWTH-ADM	9,578,422	7,498,795
VANGUARD S/C VAL INDX-ADM	28,248,298	38,658,120
NURO INC CONV PFD SER C	157,582	49,370
RAPPI INC SER E CVT PFD PP	135,385	51,484
SILA NANOTECHN-CONV PFD SER F PP	96,124	47,232
SURGUTNEFTEGAZ PJSC SPONS PFD ADR	11,658	0
WAYMO LLC CONV PFD SER A2 UNITS PP	90,075	59,845
FED HERMES GOVT OBLIG-PREMIER #117	24,954,372	24,954,372

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

US Government Securities - End of Year Book Value:

40,724,011

US Government Securities - End of Year Fair Market Value:

41,200,789

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2023 LandEtcSchedule2

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
AV EQUIPMENT	7,988	7,988	0
FURNITURE & EQUIPMENT	124,516	124,516	0
LEASEHOLD IMPROVEMENTS	60,601	49,877	10,724
LAND AND BUILDINGS-BAKER CO., GA.	21,849,790	492,259	21,357,531

- TIN:

TY 2023 OtherAssetsSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
457(b) PLAN	302,068	340,085	584,058
BENEFIT PLANS	13,667	16,293	19,293

- TIN:

TY 2023 OtherExpensesSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
COMPUTER	39,030	3,122	35,908
OFFICE INSURANCE	15,608	1,249	14,359
SUPPLIES	1,731	139	1,592
ORGANIZATION DUES	46,329	729	45,600
POSTAGE	807	65	742
REPAIRS & MAINTENANCE	6,934	555	6,379
FURNITURE & EQUIPMENT	2,678	214	2,464
TELEPHONE	2,916	233	2,683
MISCELLANEOUS	1,959	157	1,802

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ICHAUWAY, INC. RENT	1	1	1

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Description	Amount
Gain on stock grants	122,488,919

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Description	Beginning of Year - Book Value	End of Year - Book Value
457(b) PLAN	1,539	1,539
BENEFIT PLANS	136	431

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT FEES	1,507,403	1,507,403	0
BENEFIT CONSULTANTS	13,710	1,097	12,613
OTHER CONSULTANTS	3,000	3,000	0

- TIN:

TY 2023 ReductionExplanationStatement

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Explanation:

As of December 31, 2023, the Foundation owned 47,399,280 shares of The Coca-Cola Company common stock. These represent approximately 1.1% of the total 4.3 billion shares outstanding. The fair value computed on the per-share price is not necessarily what the Foundation would receive if a significant portion of the stock were sold because of the Foundation's large holding of the stock. The Foundation engaged an independent valuation consultant who calculated a blockage discount factor of 5.19%. The average monthly fair value of the shares based on the per-share price was $2,918,594,678 and the blockage discount was $151,475,064.$2,918,594,678 @ 5.19% = $151,475,064

- TIN:

TY 2023 TaxesSchedule

Name:

Robert W Woodruff Foundation Inc

EIN:

58-1695425

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAX	3,762,987	0		0