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.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
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
Atlanta
State or province
GA
Country  
ZIP or foreign postal code
303031799
A Employer identification number

58-1695425
B Telephone number (see instructions)

4045226755
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$4,621,824,473J 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 .................
3 Interest on savings and temporary cash investments 9,086,443 9,086,443  
4 Dividends and interest from securities... 108,692,653 108,692,653  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 514,603,109
b Gross sales price for all assets on line 6a 1,289,278,339
7 Capital gain net income (from Part IV, line 2)... 514,603,109
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)....... Click to see attachment
List of Attached Documents:
// Content
1 1  
12 Total. Add lines 1 through 11........ 632,382,206 632,382,206  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,061,749 238,391   823,358
14 Other employee salaries and wages...... 492,751 29,185   463,566
15 Pension plans, employee benefits....... 368,244 37,437   330,807
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,740 3,937   39,803
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,576,871 1,564,568   12,303
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,352,500 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
4,040 364  
20 Occupancy.............. 114,124 10,271   103,853
21 Travel, conferences, and meetings....... 37,491 14,441   23,050
22 Printing and publications.......... 690 62   628
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
135,807 8,905   126,902
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,188,007 1,907,561   1,924,270
25 Contributions, gifts, grants paid....... 190,310,145 190,310,145
26 Total expenses and disbursements. Add lines 24 and 25 ................ 200,498,152 1,907,561   192,234,415
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 431,884,054
b Net investment income (if negative, enter -0-) 630,474,645
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 5,417 9,853 9,853
2 Savings and temporary cash investments......... 51,501,684 37,189,873 37,189,873
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) 55,638,139 Click to see attachment
List of Attached Documents:
// Content
71,398,717 		72,532,812
b Investments—corporate stock (attach schedule)....... 855,632,797 Click to see attachment
List of Attached Documents:
// Content
32,447,391 		2,480,801,471
c Investments—corporate bonds (attach schedule)....... 361,930,811 Click to see attachment
List of Attached Documents:
// Content
94,667,608 		95,897,609
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment
List of Attached Documents:
// Content
1,640,317,650 		1,904,297,540
14 Land, buildings, and equipment: basis 22,046,000
Less: accumulated depreciation (attach schedule) 682,720 21,364,215 Click to see attachment
List of Attached Documents:
// Content
21,363,280 		30,249,301
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
398,911 		Click to see attachment
List of Attached Documents:
// Content
418,956 		Click to see attachment
List of Attached Documents:
// Content
846,014
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,346,471,974 1,897,813,328 4,621,824,473
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 ) Click to see attachment
List of Attached Documents:
// Content
2,608 		Click to see attachment
List of Attached Documents:
// Content
7,815
23 Total liabilities (add lines 17 through 22)......... 2,608 7,815
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 1,346,469,366 1,897,805,513
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........    
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)..... 1,346,469,366 1,897,805,513
30 Total liabilities and net assets/fund balances (see instructions). 1,346,471,974 1,897,813,328
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
1,346,469,366
2
Enter amount from Part I, line 27a .....................
2
431,884,054
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
119,452,093
4
Add lines 1, 2, and 3 ..........................
4
1,897,805,513
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,897,805,513
Form 990-PF (2025)
Form 990-PF (2025)
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 1,289,278,339   774,675,230 514,603,109
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       514,603,109
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 2 514,603,109
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 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 8,763,598
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 8,763,598
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 8,763,598
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 6,390,007
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 6,390,007
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....... 9 2,373,591
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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)
GA
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 2025 or the taxable year beginning in 2025? 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 Click to see list of attachments
List of Attached Documents:
// Content
.............
11
Yes
 
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 addresswww.woodruff.org
14
The books are in care ofSara E Blalock Secretary Telephone no. (404) 522-6755

Located at191 Peachtree Street NE Suite 3540AtlantaGA ZIP+4303031799
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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)
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)
 
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
 
No
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
E Jenner Wood III Trustee- Chair
4.00 		35,000 0 1,613
191 Peachtree St Suite 3540
Atlanta,GA30303
Lawrence L Gellerstedt III Trustee
1.00 		35,000 0 1,613
191 Peachtree St Suite 3540
Atlanta,GA30303
David P Stockert Trustee
2.00 		45,000 0 1,613
191 Peachtree St Suite 3540
Atlanta,GA30303
Joseph A Arnold Trustee
1.00 		35,000 0 1,613
191 Peachtree St Suite 3540
Atlanta,GA30303
P Russell Hardin Trustee - elected 2/1/2025
1.00 		32,083 0 1,479
191 Peachtree St Suite 3540
Atlanta,GA30303
P Russell Hardin President - retired 1/31/2025
17.00 		457,277 6,521 215
191 Peachtree St Suite 3540
Atlanta,GA30303
Erik S Johnson President - elected 2/1/2025
17.00 		206,438 43,407 2,555
191 Peachtree St Suite 3540
Atlanta,GA30303
Eli P Niepoky Treasurer
17.00 		155,587 43,529 2,221
191 Peachtree St Suite 3540
Atlanta,GA30303
Sara E Blalock Secretary - elected 2/1/2025
17.00 		106,312 31,104 2,221
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
Sarah Tablan Controller
17.00 		83,701 27,091 608
191 Peachtree St Suite 3540
Atlanta,GA30303
Elizabeth Smith Grants Program Direc
17.00 		85,049 20,893 608
191 Peachtree St Suite 3540
Atlanta,GA30303
Carrie Conway Senior Program Offic
17.00 		64,799 30,412 608
191 Peachtree St Suite 3540
Atlanta,GA30303
Dahlia Brown Program Officer
17.00 		49,951 20,084 608
191 Peachtree St Suite 3540
Atlanta,GA30303
Stephanie Gaines Executive Assistant
17.00 		38,475 25,013 608
191 Peachtree St Suite 3540
Atlanta,GA30303
Total number of other employees paid over $50,000................... 2
Form 990-PF (2025)
Form 990-PF (2025)
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
TRUIST INVESTMENT ADVISOR 479,295
303 PEACHTREE ST
ATLANTA,GA30308
T ROWE PRICE ASSOCIATES INVESTMENT MANAGER 476,576
PO BOX 64043
BALTIMORE,MD21264
GANNETT WELSH & KOTLER LLC INVESTMENT MANAGER 333,641
222 BERKELEY STREET 15TH FLOOR
BOSTON,MA02116
MERGANSER INVESTMENT MANAGER 272,340
99 HIGH ST
BOSTON,MA02110
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.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
4,462,757,733
b
Average of monthly cash balances.......................
1b
191,611
c
Fair market value of all other assets (see instructions)................
1c
779,327
d
Total (add lines 1a, 1b, and 1c).......................
1d
4,463,728,671
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
63,159,679
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
4,463,728,671
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
66,955,930
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,396,772,741
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
219,838,637
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
219,838,637
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
8,763,598
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,763,598
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
211,075,039
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
211,075,039
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
211,075,039
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, line 26, column (d) ..........
1a
192,234,415
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
192,234,415
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 211,075,039
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 188,948,470
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 192,234,415
a Applied to 2024, but not more than line 2a 188,948,470
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 2025 distributable amount..... 3,285,945
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		207,789,094
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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 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 (2025)
Form 990-PF (2025)
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

Atlanta Area Council Scouting America

1800 Circle 75 Parkway
Atlanta,GA30339 		    $49.1 million campaign to develop Woodruff Scout Camp into a premier destination. 15,500,000

Atlanta Beltline Partnership

970 Jefferson Street NW Suite 4
Atlanta,GA30318 		    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). 12,310,068

Atlanta Fulton County Zoo

800 Cherokee Avenue SE
Atlanta,GA30315 		    Renovation of giant panda habitat to meet conservation standards and enhance guests' experience. 6,000,000

Candid

32 Old Slip
New York,NY10005 		    Support of Candid's Atlanta office. 100,000

Capacity Inc

84 Walton Street NW
Atlanta,GA30303 		    Support of streetscape improvements in downtown Atlanta. 775,000

Chastain Park Conservancy

4001 Powers Ferry Road NW
Atlanta,GA30342 		    Development of Northside Youth Organization facilities. 1,000,000

Chattahoochee Nature Center

PO Box 769769
Roswell,GA30076 		    $9.8 million campaign for capital improvements to expand environmental education programs. 1,000,000

Community Foundation for Greater Atlanta

191 Peachtree Street NE Suite 1000
Atlanta,GA30303 		    Development of Georgia State University's Panther Quad and associated improvements from 100 Edgewood to Woodruff Park. 20,000,052

Dunwoody Nature Center

5343 Roberts Drive
Dunwoody,GA30338 		    $2.5 million campaign to construct the Wildcat Creek Learning Lab. 225,000

Emory University

201 Dowman Drive
Atlanta,GA30322 		    Support of the Rollins Epidemiology Fellowship program. 2,000,000

Emory University

201 Dowman Drive
Atlanta,GA30322 		    Support to expand the nurse residency program at Emory Healthcare ($5 million) and pilot a nurse fellowship program at Emory's Nell Hodgson Woodruff School of Nursing ($3.5 million). 2,000,000

Emory University

201 Dowman Drive
Atlanta,GA30322 		    Acquisition of the former Children's Healthcare of Atlanta at Egleston campus. 90,000,025

Fernbank Inc

767 Clifton Road NE
Atlanta,GA303071221 		    Construction of new exhibits, galleries and accessibility projects as part of $25 million campaign. 4,000,000

Furkids

5235 Union Hill Road
Cumming,GA30040 		    $14.5 million campaign to complete shelters for animal rescue organization. 500,000

Georgia Center for Nonprofits

881 Memorial Drive SE Unit 1001
Atlanta,GA30316 		    Support of operations ($350,000) and Future Forward projects ($75,000) to stabilize and strengthen nonprofits in Georgia. 425,000

Georgia Cities Foundation

201 Pryor Street SW
Atlanta,GA30303 		    Support of a revolving loan fund for downtown development projects in small Georgia cities. 2,500,000

Georgia Council on Economic Education

75 Piedmont Avenue NE Suite 700
Atlanta,GA30303 		    Support of programs to strengthen K-12 economics education in Georgia. 200,000

Georgia Press Educational Foundation

PO Box 4003
Marietta,GA30061 		    Support of the Capitol Beat news service bureau to provide coverage of state government. 75,000

Greater Atlanta Chamber Foundation

191 Peachtree Street NE Suite 3400
Atlanta,GA30303 		    Support of Downtown Reimagined initiative. 1,000,000

Henry J Kaiser Family Foundation

185 Berry Street Suite 2000
San Francisco,CA94107 		    Support of KFF Health News' Southern bureau to increase reporting in Georgia. 350,000

Ichauway Incorporated

3988 Jones Center Drive
Newton,GA39870 		    2025 capital and operating needs. 13,100,000

National Center for Civil and Human Rights

250 Williams Street Suite 2322
Atlanta,GA30303 		    Support of marketing and communications to promote the expanded museum. 750,000

National Center for Civil and Human Rights

250 Williams Street Suite 2322
Atlanta,GA30303 		    Campaign to expand the museum with two new wings. 8,500,000

National Infantry Museum Foundation

1775 Legacy Way
Columbus,GA31903 		    Support of technology upgrades to enhance visitors' experience as part of $15 million campaign. 1,000,000

Park Pride

PO Box 4936
Atlanta,GA30302 		    Support of the Legacy Grant Program to provide grants for park improvement projects. 2,000,000

The Conservation Fund

1655 Fort Myer Drive
Arlington,VA22209 		    Acquisition of 7,764-acre Twin Pines property adjacent to the Okefenokee Swamp. 5,000,000
Total ................................. 3a 190,310,145
bApproved for future payment

Atlanta Area Council Scouting America
1800 Circle 75 Parkway
Atlanta,GA30339 		    $49.1 million campaign to develop Woodruff Scout Camp into a premier destination. 13,000,000

Augusta University
1120 15th Street
Augusta,GA30912 		    $146 million campaign to construct the Translational Research Building. 8,000,000

Capacity Inc
84 Walton Street NW
Atlanta,GA30303 		    Support of streetscape improvements to downtown Atlanta. 250,000

Chastain Park Conservancy
4001 Powers Ferry Road NW
Atlanta,GA30342 		    Development of Chastain Park greenspace. 1,500,000

Chattahoochee Nature Center
PO Box 769769
Roswell,GA30076 		    $9.8 million campaign for capital improvements to expand environmental education programs. 1,500,000

Georgia Press Educational Foundation
PO Box 4003
Marietta,GA30061 		    Support of the Capitol Beat news service bureau to provide coverage of state government. 75,000

Henry J Kaiser Family Foundation
185 Berry Street Suite 2000
San Francisco,CA94107 		    Support of KFF Health News' Southern bureau to increase reporting in Georgia. 350,000

Ichauway Incorporated
3988 Jones Center Drive
Newton,GA39870 		    2026 capital and operating needs. 13,700,000

Mercer University
1501 Mercer University Drive
Macon,GA31207 		    $75 million campaign to relocate the School of Medicine to a new facility in downtown Macon. 25,000,000

Park Pride
PO Box 4936
Atlanta,GA30302 		    Support of the Legacy Grant Program to provide grants for park improvement projects. 2,000,000
Total ................................. 3b 65,375,000
Form 990-PF (2025)
Form 990-PF (2025)
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 9,086,443  
4 Dividends and interest from securities ....     14 108,692,653  
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 ............ 		    18 514,603,109  
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) .. 0 632,382,206 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
632,382,206
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only 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 (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT FEES 35,106 3,160   31,946
OTHER ACCOUNTING FEES 8,634 777   7,857

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

TY 2025 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 Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
AV EQUIPMENT 2011-07-01 7,988 7,988 SL 5.000000000000 0 0    
FURNITURE & EQUIPMENT 2011-07-01 124,516 124,516 SL 7.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2011-07-01 60,601 53,917 SL 15.000000000000 4,040 0    
LAND AND BUILDINGS-BAKER CO., GA. 1990-03-01 21,849,790 492,259   0 % 0 0    
FURNITURE & EQUIPMENT 2026-10-01 102   SL 7.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2026-10-01 3,003   SL 15.000000000000 0 0    

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

TY 2025 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 Date of Verification Results of Verification
Ichauway Inc
  		3988 Jones Center Drive
Newton,GA39870 		2021-12-07 11,200,000 For 2022 capital and operating needs. Grant was paid in four installments in 2022. Expenditures totaled $10,330,642 in 2022 and $869,358 in 2023. 11,200,000 Grantee did not divert any part of the funds from the purpose of the grant. 12/13/22; 4/4/23; 11/29/23; 4/2/24; 12/6/24; 4/1/25; 11/20/25   Grantee used the grant for operating and capital expenditures in accordance with an approved budget. Grantee submitted full and complete annual reports on the manner in which the grant was spent and the progress made in accomplishing the purposes of the grant. Grantee submits annual audited financial statements as well as monthly unaudited financial statements, and presents a full report to the Foundation's board on its expenditures and accomplishments. Foundation management verified that the requirements of Section 4945(d)(4)(B) and 1.4945-5(b)(3) have been met.
Ichauway Inc
  		3988 Jones Center Drive
Newton,GA39870 		2021-12-07 17,585,000 For implementation of a master facilities plan. Grant was paid in six installments between 2021 and 2023 as grantee completed construction. Expenditures totaled $14,736,625 in 2022 and $2,848,375 in 2023. 17,585,000 Grantee did not divert any part of the funds from the purpose of the grant. 4/5/22; 12/13/22; 4/4/23; 11/29/23; 4/2/24; 12/6/24; 4/1/25; 11/20/25   Grantee used the grant for capital expenditures in accordance with an approved budget. Grantee submitted full and complete annual reports on the manner in which the grant was spent and the progress made in accomplishing the purposes of the grant. Grantee submits annual audited financial statements as well as monthly unaudited financial statements, and presents a full report to the Foundation's board on its expenditures and accomplishments. Foundation management verified that the requirements of Section 4945(d)(4)(B) and 1.4945-5(b)(3) have been met.
Ichauway Inc
  		3988 Jones Center Drive
Newton,GA39870 		2022-12-16 12,000,000 For 2023 capital and operating needs. Grant was paid in four installments in 2023. Expenditures totaled $11,897,424 in 2023 and $102,576 in 2024. 12,000,000 Grantee did not divert any part of the funds from the purpose of the grant. 4/4/23; 11/29/23; 4/2/24; 12/6/24; 4/1/25; 11/20/25   Grantee used the grant for operating and capital expenditures in accordance with an approved budget. Grantee submitted full and complete annual reports on the manner in which the grant was spent and the progress made in accomplishing the purposes of the grant. Grantee submits annual audited financial statements as well as monthly unaudited financial statements, and presents a full report to the Foundation's board on its expenditures and accomplishments. Foundation management verified that the requirements of Section 4945(d)(4)(B) and 1.4945-5(b)(3) have been met.
Ichauway Inc
  		3988 Jones Center Drive
Newton,GA39870 		2023-12-11 12,600,000 For 2024 capital and operating needs. Grant was paid in four installments in 2024. Amounts were fully expended by grantee during 2024. 12,600,000 Grantee did not divert any part of the funds from the purpose of the grant. 4/2/24; 12/6/24; 4/1/25; 11/20/25   Grantee used the grant for operating and capital expenditures in accordance with an approved budget. Grantee submitted full and complete annual reports on the manner in which the grant was spent and the progress made in accomplishing the purposes of the grant. Grantee submits annual audited financial statements as well as monthly unaudited financial statements, and presents a full report to the Foundation's board on its expenditures and accomplishments. Foundation management verified that the requirements of Section 4945(d)(4)(B) and 1.4945-5(b)(3) have been met.
Ichauway Inc
  		3988 Jones Center Drive
Newton,GA39870 		2024-12-16 13,100,000 For 2025 capital and operating needs. Grant was paid in four installments in 2025. 12,899,009 Grantee did not divert any part of the funds from the purpose of the grant. 4/1/25; 11/20/25   Grantee used the grant for operating and capital expenditures in accordance with an approved budget. Grantee submitted full and complete annual reports on the manner in which the grant was spent and the progress made in accomplishing the purposes of the grant. Grantee submits annual audited financial statements as well as monthly unaudited financial statements, and presents a full report to the Foundation's board on its expenditures and accomplishments. Foundation management verified that the requirements of Section 4945(d)(4)(B) and 1.4945-5(b)(3) have been met.

TY 2025 InvestmentsCorpBondsSchedule
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 94,667,608 95,897,609

TY 2025 InvestmentsCorpStockSchedule
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 32,447,391 2,480,801,471

TY 2025 InvestmentsGovtObligationsSch
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
US Government Securities - End of Year Book Value:

71,398,717
US Government Securities - End of Year Fair Market Value:

72,532,812
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2025 InvestmentsOtherSchedule2
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MONEY MARKET FUND AT COST 7,918,320 7,918,320
ISHARES CORE MSCI DEV MKTS AT COST 104,140,186 104,693,761
ISHARES CORE MSCI EMERGING MKTS ETF AT COST 37,192,869 37,254,063
ISHARES CORE S&P TTL US STK MKT ETF AT COST 478,978,472 572,642,511
ISHARES CORE US AGGREGATE BOND ETF AT COST 240,048,167 241,616,911
VANGUARD S&P 500 ETF AT COST 772,039,636 940,171,974

TY 2025 LandEtcSchedule2
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
AV EQUIPMENT 7,988 7,988 0  
FURNITURE & EQUIPMENT 124,516 124,516 0  
LEASEHOLD IMPROVEMENTS 60,601 57,957 2,644  
LAND AND BUILDINGS-BAKER CO., GA. 21,849,790 492,259 21,357,531  
FURNITURE & EQUIPMENT 102 0 102  
LEASEHOLD IMPROVEMENTS 3,003 0 3,003  


TY 2025 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 379,989 400,234 827,292
BENEFIT PLANS 18,922 18,722 18,722


TY 2025 OtherExpensesSchedule
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER 52,192 4,697   47,495
OFFICE INSURANCE 16,325 1,469   14,856
SUPPLIES 1,662 150   1,512
ORGANIZATION DUES 47,178 928   46,250
POSTAGE 622 56   566
REPAIRS & MAINTENANCE 5,566 501   5,065
FURNITURE & EQUIPMENT 2,275 205   2,070
TELEPHONE 4,102 369   3,733
MISCELLANEOUS 5,885 530   5,355


TY 2025 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


TY 2025 OtherIncreasesSchedule
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Description Amount
Gain on stock grants 119,452,093


TY 2025 OtherLiabilitiesSchedule
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Description Beginning of Year - Book Value End of Year - Book Value
457(b) PLAN 1,540 6,802
BENEFIT PLANS 1,068 1,013


TY 2025 OtherProfessionalFeesSchedule
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 1,563,352 1,563,352   0
BENEFIT CONSULTANTS 13,519 1,216   12,303


TY 2025 ReductionExplanationStatement
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Explanation:
As of December 31, 2025, the Foundation owned 35,479,527 shares of The Coca-Cola Company common stock. These represent approximately .83% of the total 4.3 billion shares outstanding and 203% 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 of the stock. The Foundation engaged an independent valuation consultant who calculated a blockage discount factor of 2.36%. The average monthly fair value of the shares based on the per-share price was $2,676,257,583 and the blockage discount was $63,159,679.$2,676,257,583 @ 2.36% = $63,159,679

TY 2025 TaxesSchedule
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 6,352,500 0   0


TY 2025 TransfersFrmControlledEntities
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Name US /
Foreign Address		 EIN Description Amount
ICHAUWAY INC 3988 JONES CENTER DR
NEWTON,GA39870 		58-1824778 RENT 13,100,000
Total     1

TY 2025 TransfersToControlledEntities
Name:
Robert W Woodruff Foundation Inc
EIN:
58-1695425
Name US /
Foreign Address		 EIN Description Amount
ICHAUWAY INC 3988 JONES CENTER DR
NEWTON,GA39870 		58-1824778 CASH GRANTS 13,100,000
Total     13,100,000