Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
Joseph B Whitehead Foundation
 
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

58-6001954
B Telephone number (see instructions)

(404) 522-6755
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$1,925,518,175J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I 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 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,391,931 1,391,931  
4 Dividends and interest from securities... 54,843,609 54,843,609  
5a Gross rents............ 45,000 45,000  
b Net rental income or (loss) 42,750
6a Net gain or (loss) from sale of assets not on line 10 209,172,037
b Gross sales price for all assets on line 6a 246,242,752
7 Capital gain net income (from Part IV, line 2)... 206,843,443
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).......      
12 Total. Add lines 1 through 11........ 265,452,577 263,123,983  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 460,979 111,494   349,485
14 Other employee salaries and wages...... 254,705 11,905   242,801
15 Pension plans, employee benefits....... 159,065 17,313   141,752
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
17,518 1,226   16,292
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
317,270 311,054   6,215
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,705,000 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,281 90  
20 Occupancy.............. 56,733 3,971   52,762
21 Travel, conferences, and meetings....... 18,428 6,631   11,797
22 Printing and publications.......... 360 25   335
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,086 5,061   42,025
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,038,425 468,770   863,464
25 Contributions, gifts, grants paid....... 87,085,069 87,085,069
26 Total expenses and disbursements. Add lines 24 and 25 92,123,494 468,770   87,948,533
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 173,329,083
b Net investment income (if negative, enter -0-) 262,655,213
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 5,821 7,550 7,550
2 Savings and temporary cash investments......... 27,679,505 16,395,510 16,395,510
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 164,300,305 Click to see attachment
List of Attached Documents:
// Content
389,561,649 		1,906,110,461
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow71,143
Less: accumulated depreciation (attach schedule) right arrow   71,143 71,143 2,700,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow61,414
Less: accumulated depreciation (attach schedule) right arrow59,298 3,397 Click to see attachment
List of Attached Documents:
// Content
2,116 		2,116
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
144,871 		Click to see attachment
List of Attached Documents:
// Content
165,284 		Click to see attachment
List of Attached Documents:
// Content
302,538
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 192,205,042 406,203,252 1,925,518,175
Liabilities 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 right arrow) Click to see attachment
List of Attached Documents:
// Content
530 		Click to see attachment
List of Attached Documents:
// Content
843
23 Total liabilities (add lines 17 through 22)......... 530 843
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 192,204,512 406,202,409
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 192,204,512 406,202,409
30 Total liabilities and net assets/fund balances (see instructions). 192,205,042 406,203,252
Part III
Analysis of Changes in Net Assets or Fund Balances
1
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) ...............
1
192,204,512
2
Enter amount from Part I, line 27a .....................
2
173,329,083
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
40,668,814
4
Add lines 1, 2, and 3 ..........................
4
406,202,409
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
406,202,409
Form 990-PF (2024)
Form 990-PF (2024)
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 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 246,242,752   37,070,715 209,172,037
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 2,580,000 251,406 2,328,594 206,843,443
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 206,843,443
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 ................... 		Bracket 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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 3,650,907
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 3,650,907
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 3,650,907
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 3,729,972
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 3,729,972
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 79,065
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow79,065 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
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
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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? ................
6
Yes
 
7
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..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowGA
b
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 .
8b
Yes
 
9
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
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 .............
11
 
No
12
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.jbwhitehead.org
14
The books are in care ofright arrowSara E Blalock Secretary Telephone no.right arrow (404) 522-6755

Located atright arrow191 Peachtree Street NE Suite 3540AtlantaGA ZIP+4right arrow30303
15
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
15
 
16 At any time during calendar year 2024, 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 (2024)
Form 990-PF (2024)
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
No
1a
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)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(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)
 
No
(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)
 
No
b
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 ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2024? .............
1d
 
No
2
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)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
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.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(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)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(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)
 
No
b
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 ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
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? .........................
8
Yes
 
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- deceased 1/23/2024
1.00 		0 0 88
191 Peachtree St Suite 3540
Atlanta,GA30303
E Jenner Wood III Trustee- Chair
3.00 		35,000 0 1,085
191 Peachtree St Suite 3540
Atlanta,GA30303
Lawrence L Gellerstedt III Trustee
1.00 		25,000 0 1,085
191 Peachtree St Suite 3540
Atlanta,GA30303
Joseph A Arnold Trustee- elected 4/2/2024
1.00 		18,750 0 788
191 Peachtree St Suite 3540
Atlanta,GA30303
P Russell Hardin President
8.00 		218,090 19,544 1,558
191 Peachtree St Suite 3540
Atlanta,GA30303
Erik S Johnson Vice President & Secretary
8.00 		88,816 18,956 1,409
191 Peachtree St Suite 3540
Atlanta,GA30303
Eli P Niepoky Treasurer
8.00 		75,323 20,808 1,409
191 Peachtree St Suite 3540
Atlanta,GA30303
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
8.00 		41,846 9,667 324
191 Peachtree St Suite 3540
Atlanta,GA30303
Sarah Tablan Controller
8.00 		37,234 12,450 324
191 Peachtree St Suite 3540
Atlanta,GA30303
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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 110,301
222 BERKELEY STREET 15TH FLOOR
BOSTON,MA02116
T ROWE PRICE ASSOCIATES INVESTMENT MANAGER 106,295
PO BOX 64043
BALTIMORE,MD21264
TRUIST INVESTMENT ADVISOR 85,837
303 PEACHTREE ST
ATLANTA,GA30308
Total number of others receiving over $50,000 for professional services.............right arrow0
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 arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
1,906,921,628
b
Average of monthly cash balances.......................
1b
207,216
c
Fair market value of all other assets (see instructions)................
1c
2,974,835
d
Total (add lines 1a, b, and c).........................
1d
1,910,103,679
e
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
.............
1e
63,056,055
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
1,910,103,679
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
28,651,555
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,881,452,124
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
94,072,606
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.)
1
Minimum investment return from Part IX, line 6..................
1
94,072,606
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,650,907
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,650,907
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
90,421,699
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
90,421,699
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
90,421,699
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
87,948,533
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
87,948,533
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 90,421,699
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 73,788,450
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 87,948,533
a Applied to 2023, but not more than line 2a 73,788,450
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 2024 distributable amount..... 14,160,083
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		76,261,616
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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:
Erik S Johnson President
191 Peachtree St 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:
Grants are considered in April and November for requests received by February 1 and August 15.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Grants are made to public charities that provide a full range of basic human services to citizens of metropolitan Atlanta. The Foundation has a particular interest in supporting organizations that serve children and youth. In recent years, the Foundation has concentrated a significant portion of its giving on improving the quality and accessibility of early childhood development programs in metro Atlanta, on increasing literacy rates, and on boosting college enrollment and graduation rates for Atlanta Public Schools graduates. Grants are reserved for well-established public charities with a broad base of community support. The Foundation provides support for capital projects and programmatic expenses. No grants are made to individuals.
Form 990-PF (2024)
Form 990-PF (2024)
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)
aPaid during the year

ArtsNOW

10 Glenlake Pkwy Suite 130
Atlanta,GA30328 		  PC Expansion of SmART Literacy initiative to improve K-3 literacy through arts integration at four metro Atlanta schools. 200,000

Atlanta Community Food Bank

3400 North Desert Drive
Atlanta,GA30344 		  PC $19.3 million campaign to expand food distribution capacity with capital and technology updates. 2,000,001

Atlanta Legal Aid Society

54 Ellis Street NE
Atlanta,GA30303 		  PC $1.5 million initiative to streamline and increase access to brief legal services for clients. 250,000

Atlanta Ronald McDonald House Charities

795 Gatewood Road NE
Atlanta,GA30329 		  PC $67 million campaign to construct Ronald McDonald House at Children's Healthcare of Atlanta's North Druid Hills campus. 10,000,000

Big Brothers Big Sisters of Metro Atlanta

680 Murphy Avenue SW Suite 1090
Atlanta,GA30310 		  PC Expansion of the Level Up mentoring program in metro Atlanta. 300,000

Boys & Girls Clubs of Metro Atlanta

2880 Dresden Drive
Chamblee,GA30341 		  PC Operating support. 2,000,000

Children's Development Academy

89 Grove Way
Roswell,GA30075 		  PC $1.2 million campaign to expand classrooms, update playgrounds, and develop a community room. 250,000

Children's Healthcare of Atlanta

1575 Northeast Expressway NE
Atlanta,GA30329 		  PC Implementation of the Marcus Autism Center's strategic plan to expand access to services and advance research on early brain development. 4,000,011

Communities in Schools of Atlanta

260 Peachtree Street Suite 750
Atlanta,GA30303 		  PC Expansion of dropout prevention program in Atlanta Public Schools. 230,000

Communities in Schools of Georgia

565 Northside Drive SW Suite C-202
Atlanta,GA30310 		  PC Operating support for CISGA, which works to improve students' academic performance and reduce dropout rates. 800,000

Community Foundation for Greater Atlanta fbo redefinED Atlanta

191 Peachtree Street NE Suite 1000
Atlanta,GA30303 		  PC Support of a loan guarantee fund for charter school facilities in metro Atlanta. 1,000,000

Community Foundation for Greater Atlanta

191 Peachtree Street NE Suite 1000
Atlanta,GA30303 		  PC For the Joseph B. Whitehead Fund to support Achieve Atlanta, an initiative to improve the postsecondary success of students in Atlanta Public Schools. 20,000,039

Crossroads Community Ministries

PO Box 55397
Atlanta,GA30308 		  PC $1.2 million campaign to improve facilities for homeless services agency. 200,000

Friends of Disabled Adults and Children

4900 Lewis Road
Tucker,GA30083 		  PC Support of facility improvements for organization providing home medical equipment for individuals with disabilities. 200,000

Georgia CASA

104 Marietta St NW Suite 600
Atlanta,GA30303 		  PC Operating support ($500,000) and growth fund ($100,000) for organization providing advocates for children in foster care. 600,000

Georgia Family Connection Partnership

235 Peachtree Street Suite 1600
Atlanta,GA30303 		  PC Support of statewide network ($700,000) and dropout prevention cohort ($250,000). 950,000

Georgia Leadership Institute for School Improvement

3237 Satellite Boulevard
Duluth,GA30096 		  PC Operating support for organization working to improve K-12 public education through leadership development. 900,000

Georgia Partnership for Excellence in Education

270 Peachtree Street Suite 2200
Atlanta,GA30303 		  PC Operating support for organization working to improve K-12 public education through research and public policy. 650,000

Georgia State University Research Foundation

57 Edgewood Ave SE 3rd Floor
Atlanta,GA30302 		  PC Support for the After-School All-Stars program and summer academy at Sylvan Hills Middle School and Hollis Innovation Academy. 300,000

Georgia State University Research Foundation

58 Edgewood Ave SE 3rd Floor
Atlanta,GA30303 		  PC Expansion of ARCHI Community Resource Hubs to nine new sites to improve access to health and social services. 200,000

Georgia Welcome Co-Op

2300 Henderson Mill Road NE Suite
200
Atlanta,GA30345 		  PC Capital and capacity-building support to strengthen collaborative resettlement services. 300,000

Global Village Project

PO Box 1548
Decatur,GA30031 		  PC $5.375 million campaign to establish a new campus for school serving girls. 750,000

Good Samaritan Health Center

1015 Donald Lee Hollowell Pkwy
Atlanta,GA303186653 		  PC $10 million capital and capacity-building campaign to expand community health services. 400,000

Hillside

690 Courtenay Drive NE
Atlanta,GA303063421 		  PC $9 million campaign to expand capacity, make campus improvements, and grow community programs. 2,000,000

Home of Hope at Gwinnett Children's Shelter

PO Box 527
Buford,GA305150527 		  PC Roof replacement for shelter serving families in crisis. 192,000

Horizons Atlanta

177 North Avenue NW 3rd Floor Suite
11
Atlanta,GA30332 		  PC Expansion of academic enrichment program. 500,000

Inspiredu

1550 Southland Circle Suite 200
Atlanta,GA30318 		  PC Construction of the Volunteer and Training Center. 250,000

LaAmistad

3434 Roswell Road NW
Atlanta,GA30305 		  PC Support of reading specialists, technology updates and Teen Center launch for afterschool program. 190,000

Momentum Advisory Collective

PO Box 131618
Dallas,TX75313 		  PC Establishment of Cafe Momentum Atlanta to serve justice-involved youth. 300,000

Next Generation Men & Women

352 University Ave SW Unit W105
Atlanta,GA30310 		  PC Expansion of college and career readiness program in metro Atlanta. 200,000

Nobis Works Inc

1480 Bells Ferry Road
Marietta,GA300666014 		  PC $5.86 million campaign to construct a new education and training center to expand services for individuals with disabilities. 500,000

Open Doors

2872 Woodcock Blvd Suite 211
Atlanta,GA30341 		  PC $7.2 million campaign to expand services connecting homeless and low-income clients to affordable housing. 400,000

Partnership Against Domestic Violence

PO Box 170225
Atlanta,GA30317 		  PC $6 million campaign to establish a new emergency shelter in Fulton County for survivors of domestic violence. 1,000,000

Ser Familia

1000 Cobb Place Blvd Suite 170
Kennesaw,GA30144 		  PC $15.7 million campaign to establish a new headquarters in Cobb County for human services organization. 3,000,000

Star-C

1335 Canton Road Suite D
Marietta,GA300660000 		  PC Support of transportation, technology and site improvements to expand programs to new apartment communities. 100,000

Teach for America - Metro Atlanta

1360 Peachtree St NE Suite 1100
Atlanta,GA303093283 		  PC Support for the recruitment, training and placement of corps members in metro Atlanta schools. 500,000

The Posse Foundation

101 Marietta Street NW Suite 1040
Atlanta,GA30303 		  PC Support of program to recruit metro Atlanta high school students to attend selective colleges on full scholarships. 200,000

The Salvation Army

Georgia Divisional Headquarters
1000 Center Place NW
Norcross,GA30093 		  PC $35 million campaign to construct the Center of Hope and expand programs. 7,000,000

United Way of Greater Atlanta

40 Courtland Street NE Suite 300
Atlanta,GA30303 		  PC Priority initiatives of Smart Start to improve the quality and accessibility of early childhood education in metro Atlanta. 14,723,018

United Way of Greater Atlanta

40 Courtland Street NE Suite 300
Atlanta,GA30303 		  PC Priority initiatives of the Regional Commission on Homelessness. 5,000,000

Voices for Georgia's Children

75 Marietta Street NW Suite 401
Atlanta,GA303033068 		  PC Support of operations ($250,000) and the Georgia Statewide Afterschool Network ($100,000). 350,000

Wellspring Living

3535 Peachtree Rd NE 320
Atlanta,GA30326 		  PC $25 million campaign to develop facilities and programs that provide a comprehensive continuum of care for survivors of trafficking. 4,200,000
Total .................................right arrow 3a 87,085,069
bApproved for future payment

Atlanta Community Food Bank
3400 North Desert Drive
Atlanta,GA30344 		  PC $19.3 million campaign to expand food distribution capacity with capital and technology updates. 2,000,000

Communities in Schools of Atlanta
260 Peachtree Street Suite 750
Atlanta,GA30303 		  PC Expansion of dropout prevention program in Atlanta Public Schools. 230,000

Georgia State University Research Foundation
58 Edgewood Ave SE 3rd Floor
Atlanta,GA30303 		  PC Expansion of ARCHI Community Resource Hubs to nine new sites to improve access to health and social services. 200,000

Grove Park Foundation
1566 Donald Lee Hollowell Pkwy
Atlanta,GA30318 		  PC Construction of the Grove Park Performing and Cultural Arts Center as part of $20.4 million campaign to revitalize Grove Park. 500,000

Junior Achievement of Georgia
275 Northside Drive NW
Atlanta,GA30314 		  PF Establishment of the JA Discovery Center in Clayton County. 500,000

Next Generation Men & Women
352 University Ave SW Unit W105
Atlanta,GA30310 		  PC Expansion of college and career readiness program in metro Atlanta. 150,000

Raising Expectations
PO Box 92814
Atlanta,GA30314 		  PF $4.9 million campaign to acquire and renovate a facility to expand academic enrichment program serving Westside students. 750,000
Total ................................. right arrow 3b 4,330,000
Form 990-PF (2024)
Form 990-PF (2024)
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
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 1,391,931  
4 Dividends and interest from securities ....     14 54,843,609  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 42,750  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 209,172,037  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 265,450,327 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
265,450,327
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		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 (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
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
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
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
2a
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? ...........
b
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.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT FEES 17,518 1,226   16,292

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

TY 2024 DepreciationSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
AV EQUIPMENT 2011-07-01 2,519 2,519 SL 5.000000000000 0 0    
FURNITURE AND EQUIPMENT 2011-07-01 39,675 39,675 SL 7.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2011-07-01 19,220 15,823 SL 15.000000000000 1,281 0    

TY 2024 InvestmentsCorpStockSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Name of Stock End of Year Book Value End of Year Fair Market Value
ACADIA HEALTHCARE 122,835 127,395
ADOBE INC 329,918 297,046
ADVANCED MICRO DEVICES INC 197,973 150,625
AFFIRM HOLDINGS INC CL A 31,505 63,275
AGREE REALTY CORP REIT 236,309 245,589
ALLIENT INC 13 12
ALPHABET INC CL A 464,420 2,032,893
AMAZON.COM INC 478,153 2,641,894
AMPHENOL CORP 360,597 563,726
API GROUP CORP 337,686 315,349
APPLE INC 652,704 2,643,684
APTARGROUP INC 113,264 205,016
ARGENX SE SPONS ADR 174,586 256,455
ARTISAN INTL VALUE FUND-INS 4,784,057 5,345,250
ASML HOLDING NV SPONS ADR 198,640 211,389
ATKORE INC 251,118 173,242
ATLANTIC UNION BANKSHARES CORP 256,607 245,084
ATLASSIAN CORPORATION CL A 282,455 311,040
AUO CORPORATION SPONS ADR 5 3
AURORA INNOVATION INC CL A 34,931 78,422
AZENTA INC 234,719 225,000
BECTON DICKINSON & CO 249,756 232,769
BIO RAD LABORATORIES CL A 249,413 242,769
BJ'S WHOLESALE CLUB HOLDINGS 168,809 571,572
BOEING CO 232,189 245,499
BOOKING HOLDINGS INC 258,868 551,495
BOOZ ALLEN HAMILTON HOLDING CL A 121,790 280,437
BRIGHT HORIZONS FAMILY SOLUTIONS 285,513 307,055
BURLINGTON STORES INC 202,388 378,560
CARTERS INC 115,489 84,482
CAVCO INDUSTRIES INC 180,520 530,121
CCC INTELLIGENT SOLUTIONS HLD 378,640 385,553
CHAMPIONX CORP 96,261 120,669
CHARLES SCHWAB CORP 188,416 208,042
CHART INDUSTRIES INC 228,117 270,802
CHIPOTLE MEXICAN GRILL INC 167,363 258,928
CHURCHILL DOWNS INC 199,626 206,586
COCA COLA CO 1,949,325 1,448,234,592
COGNEX CORP 384,088 271,711
COLUMBUS MCKINNON CORP NY 284,038 221,355
COMFORT SYSTEMS USA INC 108,768 585,627
COUPANG INC CL A 219,875 281,036
CYBERARK SOFTWARE LTD/ISRAEL 276,945 604,001
DANAHER CORP 258,189 241,028
DODGE & COX INCOME FUND 37,312,539 37,091,689
DORMAN PRODUCTS 185,190 335,794
DYNATRACE INC 131,647 155,387
EAGLE MATERIALS INC 138,646 402,466
EASTERLY GOVERNMENT PROPERTIES REIT 240,021 157,438
EASTGROUP PPTYS INC REIT 224,456 223,884
ELEMENT SOLUTIONS INC 282,579 370,337
ENTEGRIS INC 168,605 326,700
ENTEGRIS INC 239,920 226,649
EQUIFAX INC 290,223 287,981
EXPONENT INC 138,532 234,244
FAIR ISAAC CORP 135,798 246,875
FED HERMES GOVT OBLIG-PREMIER #118 2,330,067 2,330,067
FEDERAL SIGNAL CORP 131,507 406,054
FISERV INC 547,055 999,779
FIVE BELOW 138,715 161,009
GATES INDUSTRIAL CORP PLC 309,253 404,591
GAZPROM PJSC-SPON ADR 3,644 878
GENTHERM INC 218,559 117,300
GIBRALTAR INDUSTRIES INC 147,758 201,909
GLACIER BANCORP INC 160,745 216,097
GLOBANT SA 388,573 363,442
GLOBUS MEDICAL INC 273,971 421,077
GRAND CANYON EDUCATION INC 164,210 230,958
GROUP 1 AUTOMOTIVE INC 193,147 275,226
HALOZYME THERAPEUTICS INC 261,212 266,110
HEALTHPEAK PROPERTIES INC REIT 143,503 117,870
HEXCEL CORP 151,794 181,454
HOLOGIC INC 347,379 340,769
HOWMET AEROSPACE INC 167,501 286,221
HUBSPOT INC 242,429 317,030
IDACORP INC 225,645 271,670
IDEX CORP 392,178 376,094
INGERSOLL-RAND INC 158,487 265,048
INTEGER HOLDINGS CORPORATION 245,818 429,497
INTRA-CELLULAR THERAPIES INC 207,820 330,071
INTUIT INC 696,970 1,025,712
INTUITIVE SURGICAL INC 339,489 726,568
ISHARES CORE S&P TTL US STK MKT ETF 165,929,923 180,044,720
ISHARES CORE US AGGREGATE BOND ETF 42,057,524 41,471,068
ITT INC 230,295 364,487
JAZZ PHARMACEUTICALS PLC 293,876 259,970
KINSALE CAPITAL GROUP INC 143,022 432,106
LANCASTER COLONY CORP 248,357 263,865
LEGEND BIOTECH CORP SPONS ADR 155,167 88,899
LIGAND PHARMACEUTICALS INC CONTRA 48 0
LIGAND PHARMACEUTICALS INC CONTRA 48 0
LILLY ELI & CO 365,458 692,484
LINCOLN ELEC HLDGS INC 177,540 236,587
LUKOIL PJSC SPONS ADR 8,070 140
LULULEMON ATHLETICA INC 151,495 181,262
MACOM TECHNOLOGY SOLUTIONS HLDGS INC 147,816 340,624
MAGIC LEAP INC-CL A COM PPE 31,358 0
MAGNOLIA OIL & GAS CORP CL A 207,796 211,729
MANHATTAN ASSOCS INC 259,286 472,380
MARKETAXESS HOLDINGS INC 150,883 144,440
MASTERCARD INC CL A 850,618 1,171,618
MATADOR RESOURCES CO 219,231 213,057
MERCADOLIBRE INC 183,718 187,048
META PLATFORMS INC CL A 648,159 1,647,625
MICROSOFT CORP 632,663 3,685,175
MMC NORILSK NICKEL PJSC SPONS ADR 3,386 0
MOBILE TELESYSTEMS PJSC SPONS ADR 3,407 0
NATERA INC 98,821 121,416
NATIONAL STORAGE AFFILIATES REIT 199,380 154,218
NETFLIX INC 246,115 578,467
NEUBERGER BERMAN HIGH INCM BD-INS 7,215,243 6,925,549
NEUROCRINE BIOSCIENCES INC 232,272 368,414
NORDSON CORP 186,363 324,740
NURO INC CONV PFD SER C 36,031 19,706
NVIDIA CORP 425,503 2,908,453
OVINTIV INC 278,783 219,632
PAYLOCITY HOLDING CORP 360,539 347,676
PENUMBRA 6,910 6,910
PERFORMANCE FOOD GROUP CO 258,253 471,958
PINNACLE FINANCIAL PARTNERS INC 246,117 496,453
PIPER SANDLER COS 167,399 617,897
POLARIS INC 249,247 128,608
PORTLAND GENERAL ELECTRIC CO 238,191 225,210
PROCORE TECHNOLOGIES INC 259,819 283,011
QUAKER CHEMICAL CORP 251,930 227,750
RAPPI INC SER E CVT PFD PP 30,948 11,298
RBC BEARINGS INC 198,890 366,746
ROSS STORES INC 238,370 313,129
RPM INTERNATIONAL INC 150,558 358,351
SCHLUMBERGER LTD 247,550 176,632
SCHNEIDER NATIONAL INC CL B 179,025 210,084
SERVICENOW INC 378,642 674,236
SHOPIFY INC CL A 252,651 371,411
SILA NANOTECHN-CONV PFD SER F PP 21,998 10,422
SILICON LABORATORIES INC 145,244 220,491
SIMPSON MANUFACTURING CO INC 164,683 156,046
SITEONE LANDSCAPE SUPPLY INC 269,797 226,908
SM ENERGY COMPANY 146,049 124,536
SONOVA HOLDING AG UNSPONS ADR 200,861 184,518
STIFEL FINANCIAL CORPORATION 193,791 348,367
STRYKER CORPORATION 309,812 466,265
SUN COMMUNITIES INC REIT 206,793 258,975
SURGUTNEFTEGAZ PJSC SPONS PFD ADR 2,669 0
TANDEM DIABETES CARE INC 284,974 277,174
TATNEFT PAO SPONS ADR 1,597 0
TEXAS ROADHOUSE INC CL A 201,822 574,850
THE CIGNA GROUP 394,143 447,899
TORO CO 172,622 218,673
TRADEWEB MARKETS INC CL A 100,603 159,853
TRI POINTE HOMES INC 124,099 121,145
UNITEDHEALTH GROUP INC 747,725 791,165
VAIL RESORTS INC 168,518 151,085
VANGUARD INDEX FD MID-CAP ETF 6,591,014 7,133,887
VANGUARD INTL GROWTH-ADM 6,108,173 5,379,742
VANGUARD S&P 500 ETF 60,314,824 85,544,170
VANGUARD S/C VAL INDX-ADM 4,610,827 7,151,251
VANGUARD SMALL CAP GROWTH ETF 6,927,478 8,580,758
VANGUARD VALUE ETF 9,669,209 13,849,079
VERICEL CORP 158,174 239,243
VISA INC CL A 423,938 783,463
VOYA FINANCIAL INC 327,163 395,497
WAYMO LLC CONV PFD SER A2 UNITS PP 20,608 19,272
WINTRUST FINANCIAL CORP 216,196 363,031
ZEBRA TECHNOLOGIES CORP 181,085 346,434

TY 2024 LandEtcSchedule2
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
AV EQUIPMENT 2,519 2,519 0  
FURNITURE AND EQUIPMENT 39,675 39,675 0  
LEASEHOLD IMPROVEMENTS 19,220 17,104 2,116  


TY 2024 OtherAssetsSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
457(b) PLAN 137,171 156,315 293,569
BENEFIT PLANS 7,700 8,969 8,969


TY 2024 OtherExpensesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER 17,541 1,228   16,313
OFFICE INSURANCE 9,343 654   8,689
SUPPLIES 823 58   765
ORGANIZATION DUES 11,390 470   10,920
POSTAGE 275 19   256
REPAIRS AND MAINTENANCE 1,306 92   1,214
FURNITURE AND EQUIPMENT 1,240 87   1,153
TELEPHONE 2,177 152   2,025
MISCELLANEOUS 741 51   690
COMMISSION 2,250 2,250   0


TY 2024 OtherIncreasesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Description Amount
GAIN ON STOCK GRANTS 40,668,814


TY 2024 OtherLiabilitiesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Description Beginning of Year - Book Value End of Year - Book Value
457(b) PLAN 331 331
BENEFIT PLANS 199 512


TY 2024 OtherProfessionalFeesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 308,087 308,087   0
BENEFIT CONSULTANTS 6,683 467   6,215
OTHER CONSULTANT 2,500 2,500   0


TY 2024 ReductionExplanationStatement
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Explanation:
As of December 31, 2024 the Foundation owned 23,261,076 shares of The Coca-Cola Company common stock. These represent approximately .54% of the total 4.3 billion shares outstanding and 167% of the average daily trading volume. 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. The Foundation engaged an independent valuation consultant who calculated a blockage discount factor of 3.93%. The average monthly fair value of the shares based on the per-share price was $1,604,479,767 and the blockage discount was $63,056,055.$1,604,479,767 @ 3.93% = $63,056,055

TY 2024 TaxesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 3,705,000 0   0