ROBERT W WOODRUFF HEALTH SCIENCES CENTER FUND INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ROBERT W WOODRUFF HEALTH SCIENCES CENTER FUND INC (EIN 58-2229271)
Tax period
2023-09-01 to 2024-08-31
Filed
2025-01-14
IRS object ID
202510159349300436
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-01-14T09:53:29-06:00ReturnTs
Tax Period End2024-08-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2023-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN582229271EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Robert W Woodruff Health SciencesBusinessNameLine1Txt
Business Name Line2Center Fund IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone4045226755PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1191 Peachtree Street NE 3540AddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30303ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonP Russell HardinPersonNm
Person TitlePresidentPersonTitleTxt
Phone4045226755PhoneNum
Signature2025-01-14SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerP Russell HardinPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1191 Peachtree St NE 3540AddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30303ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$317,062,536GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionTo make grants and carry on other activities to support and benefit the Robert W. Woodruff Health Sciences Center, a division of Emory University which includes its schools of medicine, nursing, and public health and its medical research laboratories and hospitals.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee14TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$17,500,036PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$76,765,766PYInvestmentIncomeAmt
CY Investment Income$104,870,728CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$94,265,802PYTotalRevenueAmt
CY Total Revenue$104,870,728CYTotalRevenueAmt
PY Grants And Similar Paid$45,984,140PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$50,400,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$306,134PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$363,088CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$624,041PYOtherExpensesAmt
CY Other Expenses$950,491CYOtherExpensesAmt
PY Total Expenses$46,914,315PYTotalExpensesAmt
CY Total Expenses$51,713,579CYTotalExpensesAmt
PY Revenues Less Expenses$47,351,487PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$53,157,149CYRevenuesLessExpensesAmt
Total Assets BOY$1,162,091,366TotalAssetsBOYAmt
Total Assets EOY$1,215,248,476TotalAssetsEOYAmt
Total Liabilities BOY$386TotalLiabilitiesBOYAmt
Total Liabilities EOY$347TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,162,090,980NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,215,248,129NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTo make grants and carry on other activities to support and benefit the Robert W. Woodruff Health Sciences Center, a division of Emory University which includes its schools of medicine, nursing, and public health and its medical research laboratories and hospitals.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$22,522,550ExpenseAmt
Grant$22,422,000GrantAmt
DescMore than half of the annual funding distributed by the Woodruff Fund was designated to support the programs and facilities of the Winship Cancer Institute at Emory University. Winship is Georgia's only NCI-designated comprehensive cancer center. Woodruff Fund grants were used to recruit and retain faculty for dual appointments at Emory's medical school and the Winship Cancer Institute and to fund significant faculty research projects in cancer prevention, detection and treatment. More than one-third of the funds dedicated to support programs were used to support Winship's clinical trials program. Other significant allocations of program funds were made for information technology and data management, support of Winship's biostatistics and bioinformatics programs, and for supporting Winship's administration, shared resources, and its NCI cancer center support grant. Almost half of the distributions to Winship are allocated to pay for facilities.In March 2024, the Woodruff Fund made a multi-year commitment to fund an extraordinary effort to grow Winship with a focus on improving the patient experience and better aligning research programs with patient care. Consistent with that commitment, the Woodruff Fund agreed to redesignate to the "Bigger, Better Winship" plan some funds previously paid to support Woodruff Health Sciences Center facilities and to increase distributions from the Woodruff Fund to Emory in future fiscal years. Accomplishments from this investment will be reported starting with next year's return.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$22,076,558ExpenseAmt
Grant$21,978,000GrantAmt
DescWoodruff Fund grants supported strategic academic and research initiatives in the medical institutions that make up Emory's Woodruff Health Sciences Center. Significant support during this fiscal year was directed to Emory's School of Medicine to recruit a new leader for the school's Pathology Department and to support programs in the Office of Student Success. Significant new investments were made in a comprehensive digital transformation plan for the Woodruff Health Sciences Center, a new Global Diabetes Research Center and in Emory's Center for New Medicines. The Woodruff Fund also invested in plans to develop maternal health programs in partnership with Morehouse School of Medicine and Grady Health System. Additional support was provided for strategic investments in Emory's Rollins School of Public Health; the Yerkes Primate Research Center; the Georgia Clinical and Translational Sciences Alliance; and Emory's Immunology and Vaccine Research Center. A significant portion of the distributions to Emory's Woodruff Health Sciences Center are used to pay for facilities, including Emory's biomedical research facilities and School of Medicine building.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$6,026,906ExpenseAmt
Grant$6,000,000GrantAmt
DescThe Woodruff Fund oversees a separate investment account intended to grow research capacity for the Emory + Children's Pediatric Research Institute. In this fiscal year, the Fund disbursed $6 million toward a multi-year plan to recruit pediatric investigators focused on childhood cancer, cardiac and brain medicine, Sickle Cell disease, and Cystic Fibrosis.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$50,626,014TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee14EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Erik S JohnsonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4045226755PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1191 Peachtree Street NE Suite 3540AddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30303ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
E JENNER WOOD III
TRUSTEE CHAIRMAN2.00Yes (X)$5,000$0$0
JOHN G RICE
TRUSTEE VICE CHAIRMAN1.00Yes (X)$5,000$0$0
TIMOTHY C ROLLINS
TRUSTEE1.00Yes (X)$5,000$0$0
LAWRENCE L GELLERSTEDT III
TRUSTEE- ELECTED 03/28/20231.00Yes (X)$5,000$0$0
KATHELEN V AMOS
TRUSTEE- ELECTED 03/28/20231.00Yes (X)$5,000$0$0
P RUSSELL HARDIN
PRESIDENT4.00$59,317$0$6,209Yes (X)
ERIK S JOHNSON
SECRETARY/VICE PRESIDENT4.00$34,901$0$5,422Yes (X)
ELI P NIEPOKY
TREASURER4.00$30,917$0$6,344Yes (X)
THOMAS J LAWLEY
TRUSTEE- RETIRED 03/28/20231.00$2,500$158,451$29,51140.00Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$152,635TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$158,451TotReportableCompRltdOrgAmt
Total Other Compensation$47,486TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
BLACKROCK FINANCIAL MANAGEMENT INC
55 EAST 52ND STREETNEW YORKNY10055INVESTMENT MANAGER$674,499
TRUIST BANK
303 PEACHTREE STATLANTAGA30308INVESTMENT ADVISOR$147,088
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$43,995,194TotalRevenueColumnAmt
Exclusion$43,995,194ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$273,067,342SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$212,191,808SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$60,875,534SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$60,875,534TotalRevenueColumnAmt
Exclusion$60,875,534ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$104,870,728TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$104,870,728ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$50,400,000TotalAmt
Program Services$50,400,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$209,018TotalAmt
Program Services$118,051ProgramServicesAmt
Management And General$90,967ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$103,538TotalAmt
Program Services$57,202ProgramServicesAmt
Management And General$46,336ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$12,069TotalAmt
Program Services$6,557ProgramServicesAmt
Management And General$5,512ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$26,081TotalAmt
Program Services$14,063ProgramServicesAmt
Management And General$12,018ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$12,382TotalAmt
Program Services$6,781ProgramServicesAmt
Management And General$5,601ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$3,099TotalAmt
Management And General$3,099ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,958TotalAmt
Management And General$1,958ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$896,962TotalAmt
Management And General$896,962ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,819TotalAmt
Program Services$1,550ProgramServicesAmt
Management And General$1,269ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$7,830TotalAmt
Program Services$4,307ProgramServicesAmt
Management And General$3,523ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$25,253TotalAmt
Program Services$13,889ProgramServicesAmt
Management And General$11,364ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,772TotalAmt
Program Services$1,380ProgramServicesAmt
Management And General$392ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,114TotalAmt
Program Services$1,523ProgramServicesAmt
Management And General$3,591ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$860TotalAmt
Program Services$473ProgramServicesAmt
Management And General$387ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,181TotalAmt
Management And General$4,181ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescOrganization duesDesc
Total$211TotalAmt
Management And General$211ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$432TotalAmt
Program Services$238ProgramServicesAmt
Management And General$194ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$51,713,579TotalAmt
Program Services$50,626,014ProgramServicesAmt
Management And General$1,087,565ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,202BOYAmt
EOY$6,185EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$262,617BOYAmt
EOY$229,635EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$41,280LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$39,573LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,567BOYAmt
EOY$1,707EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$732,445,064BOYAmt
EOY$731,020,521EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$429,305,567BOYAmt
EOY$483,910,613EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$70,349BOYAmt
EOY$79,815EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,162,091,366BOYAmt
EOY$1,215,248,476EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$386BOYAmt
EOY$347EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$386BOYAmt
EOY$347EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$1,162,090,980BOYAmt
EOY$1,215,248,129EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,162,090,980BOYAmt
EOY$1,215,248,129EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,162,091,366BOYAmt
EOY$1,215,248,476EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$53,157,149ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type2Yes (X)SupportingOrgType2Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Emory UniversityBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN580566256EIN
Organization Type2OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$50,400,000SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$50,400,000SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd
FieldValueIRS element (for citing)
Majority Dir Trst Supported Org0MajorityDirTrstSupportedOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part IV, Section CFormAndLineReferenceDesc
ExplanationAlmost all trustees of Robert W. Woodruff Health Sciences Center Fund, Inc. are actively involved in the management, supervision, or control of Emory University's Robert W. Woodruff Health Sciences Center as trustees, trustees emeritus, or members of management. Woodruff Fund Chairman E. Jenner Wood III is a trustee emeritus of Emory University and former chairman of its finance committee. John Rice is an Emory trustee and chairman of the Woodruff Health Sciences Center. Timothy Rollins is an Emory trustee and serves on its Woodruff Health Sciences Center committee. Kathelen Amos is an Emory University trustee and serves on its Woodruff Health Sciences Center committee. Lawrence Gellerstedt III chairs the board of Grady Health System, which is a key business partner of Emory's Woodruff Health Sciences Center. Executive management of Emory's Woodruff Health Sciences Center and Emory University's president participate in all meetings of the Woodruff Fund's trustees. Control of the Woodruff Fund is structured in a manner to ensure the Woodruff Fund is organized and operated for the benefit of and is supervised or controlled in connection with Emory's Woodruff Health Sciences Center and to ensure the Woodruff Fund is responsive to the needs and requirements of the Woodruff Health Sciences Center and its related institutions.ExplanationTxt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$12,906OtherCostOrOtherBasisAmt
Depreciation$11,199DepreciationAmt
Book Value$1,707BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$28,374OtherCostOrOtherBasisAmt
Depreciation$28,374DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,707TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
THE COCA-COLA COMPANY STOCK$392,430,010C
ARROWSTREET US SMALL CAP EQUITY$15,480,603C
BLACKROCK GLOBAL MARKET STRATEGIES FUND$15,000,000C
BLACKROCK MULTI-STRATEGY ABSOLUTE RETURN FUND$61,000,000C
FieldValueIRS element (for citing)
Total Book Value Securities$483,910,613TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
457b Plan$194
Benefit Plan$153
FieldValueIRS element (for citing)
Total Liability$347TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
EMORY UNIVERSITY
1440 Clifton Road NEAtlantaGA30322580566256501(c)(3)$44,400,000$0Support Winship Cancer Institute and Woodruff Health Sciences Center programs and facilities
EMORY UNIVERSITY
1440 Clifton Road NEAtlantaGA30322580566256501(c)(3)$6,000,000$0Support for pediatric research plan
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationWoodruff Fund officers meet regularly and often with the CEO of the Woodruff Health Sciences Center, the Dean of the Emory School of Medicine, the Director of the Winship Cancer Institute and their staffs to discuss projects using Woodruff Fund grant money. Woodruff Fund trustees and officers receive formal written reports at least twice per year describing actions taken since the last report for each programmatic initiative using Woodruff Fund grant money. The Woodruff Fund board meets two times per year, at which time senior staff from the Woodruff Health Sciences Center institutions report in person on the use of grant funds. Woodruff Fund trustees also serve significant roles on the governing board of Emory University and its Woodruff Health Sciences Center, from which positions they may monitor the use of Woodruff Fund grant money.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Written Policy Ref T And E Expnss0WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonTHOMAS J LAWLEYPersonNm
TitleTRUSTEE- RETIRED 03/28/2023TitleTxt
Base Compensation Filing Org$2,500BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$158,451CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$29,511NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$2,500TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$187,962TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 1aThe organization pays each employee's share of Social Security and Medicare taxes on the cost of excess group-term life included in gross wages. The policy and associated gross-up payments cover all employees.
Part I, Line 1bThe organization does not have a written policy regarding tax gross-up payments; however, management approves the payments each year.
Part I, Line 4bThe Foundation credited Erik Johnson with $1,116 and Eli Niepoky with $505 to an unfunded, unvested 457(f) Plan.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part V, Lines 2a and 2b:The organization participates in a common administrative arrangement with five other charitable organizations. All employees are paid by a common paymaster that remits all payroll taxes and files the associated W-2s. Each organization reimburses the common paymaster for its proportionate share of administrative expenses. Fourteen individuals were employed during the calendar year.
Form 990, Part VI, Section A, line 2Certain Fund trustees and officers shared business relationships during the reporting year. E. Jenner Wood III, Chairman, and P. Russell Hardin, President of the Woodruff Fund, both serve as directors of the Genuine Parts Company, a publicly traded corporation that is unrelated to the Woodruff Fund.
Form 990, Part VI, Section B, line 11bThe Form 990 is prepared with financial data which has been reviewed by the governing board. The Assistant Controller prepares the 990 with the aid of tax preparation software. Numbers are verified against financial statements. The 990 is then reviewed by the Controller, Treasurer, Secretary and President. The draft 990 is distributed to all governing board members for their review prior to filing, leaving adequate time for comments and corrections.
Form 990, Part VI, Section B, line 12cOfficers and trustees disclose annually those affiliations which may give rise to a conflict of interest. The Secretary keeps conflict disclosures on file. Trustees consider conflicts or potential conflicts before making grant determinations. Disclosure is made on the record. Officers consult the list of conflicts or potential conflicts when making vendor decisions.
Form 990, Part VI, Section B, line 15The governing board determines compensation for all officers and staff. In setting compensation, trustees consult two independent compensation studies showing compensation data at comparable organizations. Individual compensation amounts are evaluated and determined annually as part of the budgeting process conducted at the board's March meeting; calendar year 2024 compensation was determined during the March 2024 board meeting.
Form 990, Part VI, Section C, line 19The organization's governing documents, conflict of interest policy and financial statements are kept by the organization's Secretary and are made available upon request.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Emory UniversityBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11440 Clifton Road NEAddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30322ZIPCd
FieldValueIRS element (for citing)
EIN580566256EIN
Primary ActivitiesEducation, ResearchPrimaryActivitiesTxt
Legal Domicile StateGALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity Status2PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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