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
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
Atlanta
State or province
GA
Country  
ZIP or foreign postal code
303031799
A Employer identification number

58-6001954
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)$2,164,760,493J 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 737,522 737,522  
4 Dividends and interest from securities... 54,598,180 54,598,180  
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 10 297,250,111
b Gross sales price for all assets on line 6a 433,762,904
7 Capital gain net income (from Part IV, line 2)... 294,455,798
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........ 352,630,813 349,836,500  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 507,761 113,315   394,446
14 Other employee salaries and wages...... 236,812 14,026   222,786
15 Pension plans, employee benefits....... 172,078 17,502   154,576
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,024 1,892   19,132
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
328,408 322,495   5,913
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,426,200 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,281 115  
20 Occupancy.............. 54,847 4,936   49,911
21 Travel, conferences, and meetings....... 15,364 6,675   8,689
22 Printing and publications.......... 332 30   302
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
55,521 6,437   49,084
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,819,628 487,423   904,839
25 Contributions, gifts, grants paid....... 76,134,821 76,134,821
26 Total expenses and disbursements. Add lines 24 and 25 ................ 81,954,449 487,423   77,039,660
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 270,676,364
b Net investment income (if negative, enter -0-) 349,349,077
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............. 7,550 7,299 7,299
2 Savings and temporary cash investments......... 16,395,510 8,678,245 8,678,245
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)      
b Investments—corporate stock (attach schedule)....... 389,561,649 Click to see attachment
List of Attached Documents:
// Content
1,764,777 		1,335,666,580
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis 71,143
Less: accumulated depreciation (attach schedule)   71,143 71,143 2,700,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment
List of Attached Documents:
// Content
706,574,571 		817,349,589
14 Land, buildings, and equipment: basis 62,906
Less: accumulated depreciation (attach schedule) 60,579 2,116 Click to see attachment
List of Attached Documents:
// Content
2,327 		2,327
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
165,284 		Click to see attachment
List of Attached Documents:
// Content
177,028 		Click to see attachment
List of Attached Documents:
// Content
356,453
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 406,203,252 717,275,390 2,164,760,493
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
843 		Click to see attachment
List of Attached Documents:
// Content
3,470
23 Total liabilities (add lines 17 through 22)......... 843 3,470
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........... 406,202,409 717,271,920
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)..... 406,202,409 717,271,920
30 Total liabilities and net assets/fund balances (see instructions). 406,203,252 717,275,390
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
406,202,409
2
Enter amount from Part I, line 27a .....................
2
270,676,364
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
40,393,147
4
Add lines 1, 2, and 3 ..........................
4
717,271,920
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
717,271,920
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 433,762,904   136,512,793 297,250,111
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 3,096,000 301,687 2,794,313 294,455,798
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 2 294,455,798
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 4,855,952
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 4,855,952
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 4,855,952
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 4,504,065
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 4,504,065
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....... 9 351,887
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 .............
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 addresswww.jbwhitehead.org
14
The books are in care ofSara E Blalock Secretary Telephone no. (404) 522-6755

Located at191 Peachtree Street NE Suite 3540AtlantaGA ZIP+430303
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)
 
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 .........
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
 
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
3.00 		35,000 0 1,034
191 Peachtree St Suite 3540
Atlanta,GA30303
Lawrence L Gellerstedt III Trustee
1.00 		25,000 0 1,034
191 Peachtree St Suite 3540
Atlanta,GA30303
Joseph A Arnold Trustee
1.00 		25,000 0 1,034
191 Peachtree St Suite 3540
Atlanta,GA30303
P Russell Hardin President - retired 1/31/2025
8.00 		214,695 3,134 1,073
191 Peachtree St Suite 3540
Atlanta,GA30303
Erik S Johnson President - elected 2/1/2025
8.00 		99,212 20,862 1,487
191 Peachtree St Suite 3540
Atlanta,GA30303
Eli P Niepoky Treasurer
8.00 		74,774 20,920 1,326
191 Peachtree St Suite 3540
Atlanta,GA30303
Sara E Blalock Secretary - elected 2/1/2025
8.00 		51,093 14,949 1,326
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
8.00 		40,226 13,019 292
191 Peachtree St Suite 3540
Atlanta,GA30303
Elizabeth Smith Grants Program Direc
8.00 		40,874 10,041 292
191 Peachtree St Suite 3540
Atlanta,GA30303
Total number of other employees paid over $50,000................... 0
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 136,451
303 PEACHTREE ST
ATLANTA,GA30308
T ROWE PRICE ASSOCIATES INVESTMENT MANAGER 109,595
PO BOX 64043
BALTIMORE,MD21264
GANNETT WELSH & KOTLER LLC INVESTMENT MANAGER 74,364
222 BERKELEY STREET 15TH FLOOR
BOSTON,MA02116
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
2,092,490,619
b
Average of monthly cash balances.......................
1b
190,265
c
Fair market value of all other assets (see instructions)................
1c
3,024,784
d
Total (add lines 1a, 1b, and 1c).......................
1d
2,095,705,668
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
27,086,938
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,095,705,668
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
31,435,585
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,064,270,083
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
103,213,504
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
103,213,504
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
4,855,952
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,855,952
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
98,357,552
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
98,357,552
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
98,357,552
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
77,039,660
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
77,039,660
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 98,357,552
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 76,261,616
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: $ 77,039,660
a Applied to 2024, but not more than line 2a 76,261,616
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..... 778,044
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 .......... 		97,579,508
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 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 (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

America's Promise Alliance

1110 Vermont Avenue Northwest
Washington,DC20005 		    Launch of Atlanta Alliance to build capacity and collaboration across youth-serving organizations. 150,000

ArtsNOW

10 Glenlake Pkwy Suite 130
Atlanta,GA30328 		    Expansion of SmART Literacy initiative to improve K-3 literacy through arts integration at four metro Atlanta schools. 145,000

Atlanta Community Food Bank

3400 North Desert Drive
East Point,GA30344 		    $19.3 million campaign to expand food distribution capacity with capital and technology updates. 2,000,030

Atlanta Community Food Bank

3400 North Desert Drive
East Point,GA30344 		    Support of capacity-building needs to meet increased demand for food assistance. 2,100,000

Bethany Christian Services

1408 Southlake Plaza Drive
Morrow,GA30260 		    $5.75 million campaign to establish a permanent home for transitional foster care program and Atlanta offices. 400,000

Boys & Girls Clubs of Metro Atlanta

2880 Dresden Drive
Atlanta,GA30341 		    Operating support. 2,000,000

Center for the Visually Impaired

739 West Peachtree Street Northwest
Atlanta,GA30308 		    Implementation of strategic plan to strengthen and improve services for the visually impaired. 400,000

CHRIS 180

1030 Fayetteville Road SE
Atlanta,GA30316 		    Support to expand and retain therapist workforce. 500,000

Communities in Schools of Atlanta

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

Communities in Schools of Georgia

565 Northside Drive SW Suite C202
Atlanta,GA30310 		    Operating support for CISGA, which works to improve students' academic performance and reduce dropout rates. 850,000

Community Foundation for Greater Atlanta

191 Peachtree Street NE Suite 1000
Atlanta,GA30303 		    For the Joseph B. Whitehead Fund to support Achieve Atlanta, an initiative to improve the postsecondary success of students in Atlanta Public Schools. 15,000,003

Community Foundation for Greater Atlanta

191 Peachtree Street NE Suite 1000
Atlanta,GA30303 		    For the Joseph B. Whitehead Child Well-Being Fund. 7,500,002

Community Foundation for Greater Atlanta

191 Peachtree Street NE Suite 1000
Atlanta,GA30303 		    Support of Learn4Life's Atlanta Vision Project to provide vision care for elementary school students in metro Atlanta. 1,500,000

DDD Foundation Inc

PO BOX 191526
ATLANTA,GA311191526 		    Expansion of dental clinic serving patients with developmental disabilities. 150,000

Georgia Campaign for Adolescent Power & Potential

1849 The Exchange Southeast
Atlanta,GA30339 		    Implementation of strategic plan to improve adolescent health outcomes. 500,000

Georgia CASA

104 Marietta Street NW Suite 600
Atlanta,GA30303 		    Operating support for organization providing advocates for children in foster care. 600,000

Georgia Family Connection Partnership

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

Georgia Leadership Institute for School Improvement

3237 Satellite Boulevard Suite 460
Duluth,GA30096 		    Operating support for organization working to improve K-12 public education through leadership development. 1,000,000

Georgia Partnership for Excellence in Education

270 Peachtree Street Suite 2200
Atlanta,GA30303 		    Operating support for organization working to improve K-12 public education through research and public policy. 675,000

Georgia State University Research Foundation

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

Helping Mamas

4487 Park Drive Suite A1
Norcross,GA30093 		    Relocation to a larger facility to expand distribution of essential baby supplies and hygiene products to families in crisis. 100,000

Hope Atlanta

458 Ponce De Leon Avenue NE
Atlanta,GA30308 		    Expansion of behavioral healthcare services as part of $10 million campaign. 1,000,000

Horizons Atlanta

505 10th Street NW
Atlanta,GA30332 		    Addition of kindergarten cohorts for academic enrichment program. 450,000

Junior Achievement of Georgia

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

LaAmistad

3434 Roswell Road
Atlanta,GA30305 		    Support to expand early learning programs, add math and reading coordinators, and improve data systems. 195,000

Los Ninos Primero

471 Mount Vernon Highway NE
Sandy Springs,GA30328 		    Support of summer program expansion. 300,000

Neighborhood Meals on Wheels

PO Box 921512
Norcross,GA30010 		    $1.5 million campaign to construct a new kitchen to expand services for seniors in Gwinnett County. 300,000

Next Generation Men & Women

352 University Ave SW Unit W105
Atlanta,GA30310 		    Expansion of college and career readiness program in metro Atlanta. 150,000

Partners for HOME

818 Pollard Boulevard SW 3rd Floor
Atlanta,GA30315 		    Support of citywide strategy to develop new housing units and scale services for the homeless. 12,000,000

Teach For America - Metro Atlanta

1360 Peachtree Street NE
Atlanta,GA30309 		    Support for the recruitment, training and placement of corps members in metro Atlanta schools. 550,000

The Center for Children & Young Adults

2221 Austell Road Southwest
Marietta,GA30008 		    Capital improvements to expand transitional living program for youth. 100,000

The Furniture Bank of Metro Atlanta

908 Murphy Avenue Southwest
Atlanta,GA30310 		    $6.5 million campaign to acquire, renovate and equip a warehouse for organization providing furniture to people in need. 1,000,000

The Kindezi Schools

PO Box 55605
Atlanta,GA30308 		    Implementation of STEAM certification for public charter school network. 250,000

The Leadership Academy

PO Box 24995
New York City,NY10087 		    Expansion of leadership development program within Atlanta Public Schools. 200,000

The Posse Foundation

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

The Warrior Alliance

800 Battery Avenue Southeastsuite
130
Atlanta,GA30339 		    Capital costs associated with expanding services for Georgia veterans. 300,000

United Way of Greater Atlanta

40 Courtland Street Northeast
Atlanta,GA30303 		    Priority initiatives of the Regional Commission on Homelessness. 5,000,000

United Way of Greater Atlanta

40 Courtland Street Northeast
Atlanta,GA30303 		    Priority initiatives of Smart Start to improve the quality and accessibility of early childhood education in metro Atlanta. 15,939,786

Ventures ATL

201 Allen Road NE
Atlanta,GA30328 		    Support to expand employment opportunities for individuals with autism and other developmental differences. 100,000

Voices for Georgia's Children

75 Marietta Street NW
Atlanta,GA30303 		    Support of operations ($250,000) and the Georgia Statewide Afterschool Network ($100,000). 350,000
Total ................................. 3a 76,134,821
bApproved for future payment

America's Promise Alliance
1110 Vermont Avenue Northwest
Washington,DC20005 		    Launch of Atlanta Alliance to build capacity and collaboration across youth-serving organizations. 100,000

CHRIS 180
1030 Fayetteville Road SE
Atlanta,GA30316 		    Support to expand and retain therapist workforce. 500,000

Christian City
7345 Red Oak Road
Union City,GA30291 		    $18.2 million campaign to construct an early learning center, expand housing for transition-age foster youth, and make campus improvements. 1,500,000

Community Foundation for Greater Atlanta
191 Peachtree Street NE Suite 1000
Atlanta,GA30303 		    Support of Learn4Life's Atlanta Vision Project to provide vision care for elementary school students in metro Atlanta. 1,500,000

Georgia Justice Project
438 Edgewood Avenue Southeast
Atlanta,GA30312 		    $6.8 million campaign to acquire and renovate a new facility for organization providing legal and social services. 750,000

Hope Atlanta
458 Ponce De Leon Avenue NE
Atlanta,GA30308 		    Expansion of behavioral healthcare services as part of $10 million campaign. 750,000

The Leadership Academy
PO Box 24995
New York City,NY10087 		    Expansion of leadership development program within Atlanta Public Schools. 200,000
Total ................................. 3b 5,300,000
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 ........... 		    14 737,522  
4 Dividends and interest from securities ....     14 54,598,180  
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 ............ 		    18 297,250,111  
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) .. 0 352,628,563 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
352,628,563
(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:
Joseph B Whitehead Foundation
EIN:
58-6001954
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT FEES 16,875 1,519   15,356
OTHER ACCOUNTING FEES 4,149 373   3,776

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

TY 2025 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 17,104 SL 15.000000000000 1,281 0    
FURNITURE AND EQUIPMENT 2026-10-01 49   SL 7.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2026-10-01 1,443   SL 15.000000000000 0 0    

TY 2025 InvestmentsCorpStockSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 1,764,777 1,335,666,580

TY 2025 InvestmentsOtherSchedule2
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MONEY MARKET FUND AT COST 2,006,258 2,006,258
ISHARES CORE 1-5 YEAR USD BOND ETF AT COST 39,205,649 39,150,101
ISHARES CORE MSCI DEV MKTS AT COST 39,205,644 39,414,058
ISHARES CORE MSCI EMERGING MKTS ETF AT COST 15,648,546 15,674,292
ISHARES CORE S&P TTL US STK MKT ETF AT COST 365,518,818 435,575,162
ISHARES CORE US AGGREGATE BOND ETF AT COST 122,065,644 123,484,341
VANGUARD S&P 500 ETF AT COST 122,924,012 162,045,377

TY 2025 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 0
FURNITURE AND EQUIPMENT 39,675 39,675 0 0
LEASEHOLD IMPROVEMENTS 19,220 18,385 835 835
FURNITURE AND EQUIPMENT 49 0 49 49
LEASEHOLD IMPROVEMENTS 1,443 0 1,443 1,443


TY 2025 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 156,315 168,156 347,581
BENEFIT PLANS 8,969 8,872 8,872


TY 2025 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 25,084 2,258   22,826
OFFICE INSURANCE 7,846 706   7,140
SUPPLIES 799 72   727
ORGANIZATION DUES 11,696 446   11,250
POSTAGE 299 27   272
REPAIRS AND MAINTENANCE 2,444 220   2,224
FURNITURE AND EQUIPMENT 1,107 100   1,007
TELEPHONE 2,047 184   1,863
MISCELLANEOUS 1,949 174   1,775
COMMISSION 2,250 2,250   0


TY 2025 OtherIncreasesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Description Amount
GAIN ON STOCK GRANTS 40,393,147


TY 2025 OtherLiabilitiesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Description Beginning of Year - Book Value End of Year - Book Value
457(b) PLAN 331 2,983
BENEFIT PLANS 512 487


TY 2025 OtherProfessionalFeesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 321,910 321,910   0
BENEFIT CONSULTANTS 6,498 585   5,913


TY 2025 ReductionExplanationStatement
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Explanation:
As of December 31, 2025 the Foundation owned 19,104,116 shares of The Coca-Cola Company common stock. These represent approximately .44% of the total 4.3 billion shares outstanding and 109% 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 1.87%. The average monthly fair value of the shares based on the per-share price was $1,448,499,361 and the blockage discount was $27,086,938.$1,448,499,361 @ 1.87% = $27,086,938

TY 2025 TaxesSchedule
Name:
Joseph B Whitehead Foundation
EIN:
58-6001954
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 4,426,200 0   0