990-PF, Year 2014, Part I, Line 25 and Part XV, Line 3A GRANTS PAID in 2014

Return of Private Foundation OMB No. 1545‐0052 Form 990‐PF or Section 4947(a)(1) Trust Treated as Private Foundation Department of the Treasury | Do not enter social security numbers on this form as it may be made public. 2014 Internal Revenue Service | Information about Form 990‐PF and its separate instructions is at www.irs.gov/form990pf. Open to Public Inspection For calendar year 2014 or tax year beginning , and ending Name of foundation A Employer identification number

Robert W. Woodruff Foundation, Inc. 58‐1695425 Number and street (or P.O. box number if mail is not delivered to street address) Room/suite B Telephone number 191 Peachtree Street, NE 3540 4045226755 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending, check here~| Atlanta, GA 30303‐1799 G Check all that apply: Initial return Initial return of a former public charity D 1. Foreign organizations, check here ~~| Final return Amended return 2. Foreign organizations meeting the 85% test, Address change Name change check here and attach computation ~~~~| H Check type of organization: X Section 501(c)(3) exempt private foundation E If private foundation status was terminated Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation under section 507(b)(1)(A), check here ~| I Fair market value of all assets at end of year J Accounting method: X Cash Accrual F If the foundation is in a 60‐month termination (from Part II, col. (c), line 16) Other (specify) under section 507(b)(1)(B), check here ~| | $ 3151919995. (Part I, column (d) must be on cash basis.) Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements (The total of amounts in columns (b), (c), and (d) may not for charitable purposes necessarily equal the amounts in column (a).) expenses per books income income (cash basis only) 1 Contributions, gifts, grants, etc., received ~~~ N/A

2 Check | X if the foundation is not required to attach Sch. B Interest on savings and temporary 3 cash investments ~~~~~~~~~~~~~~ 105634. 105634. Statement 1 4 Dividends and interest from securities~~~~~ 89743637. 89743637. Statement 2 5a Gross rents ~~~~~~~~~~~~~~~~ b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 ~~ 105054. Gross sales price for all b assets on line 6a ~~ 23718645. 7 Capital gain net income (from Part IV, line 2) ~~~~~ 105054.

Revenue 8 Net short‐term capital gain ~~~~~~~~~ 9 Income modifications~~~~~~~~~~~~ Gross sales less returns 10a and allowances ~~~~ b Less: Cost of goods sold ~ c Gross profit or (loss) ~~~~~~~~~~~~ 11 Other income ~~~~~~~~~~~~~~~ 1. 0. Statement 3 12 Total. Add lines 1 through 11 89954326. 89954325. 13 Compensation of officers, directors, trustees, etc.~~~ 554598. 207030. 347568. 14 Other employee salaries and wages~~~~~~ 324800. 135551. 189249. 15 Pension plans, employee benefits ~~~~~~ 309649. 114570. 195079. 16a Legal fees~~~~~~~~~~~~~~~~~Stmt 4 1978. 732. 1246. b Accounting fees ~~~~~~~~~~~~~~Stmt 5 29254. 10824. 18430. c Other professional fees ~~~~~~~~~~~Stmt 6 394579. 288081. 106498. 17 Interest ~~~~~~~~~~~~~~~~~~ 18 Taxes~~~~~~~~~~~~~~~~~~~Stmt 7 1785000. 0. 0. 19 Depreciation and depletion ~~~~~~~~~ 23426. 8668. 20 Occupancy ~~~~~~~~~~~~~~~~ 66186. 24489. 41697. 21 Travel, conferences, and meetings ~~~~~~ 24460. 9050. 15410. 22 Printing and publications ~~~~~~~~~~ 1694. 627. 1067. 23 Other expenses ~~~~~~~~~~~~~~Stmt 8 165695. 32071. 133624. 24 Total operating and administrative expenses. Add lines 13 through 23 ~~~~~ 3681319. 831693. 1049868.

Operating and Administrative Expenses 25 Contributions, gifts, grants paid ~~~~~~~ 121526450. 121526450. 26 Total expenses and disbursements. Add lines 24 and 25 125207769. 831693. 122576318. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements ~ ‐35253443. b Net investment income (if negative, enter ‐0‐)~~~ 89122632. c Adjusted net income (if negative, enter ‐0‐) N/A 423501 11‐24‐14 LHA For Paperwork Reduction Act Notice, see instructions. Form 990‐PF (2014) 1 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 2 Beginning of year End of year Part II Balance Sheets Attached schedules and amounts in the description column should be for end‐of‐year amounts only. (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash ‐ non‐interest‐bearing ~~~~~~~~~~~~~~~~~~ 7626. 6657. 6657. 2 Savings and temporary cash investments ~~~~~~~~~~~~ 38600713. 38286061. 38293338. 3 Accounts receivable 9 Less: allowance for doubtful accounts 9 4 Pledges receivable 9 Less: allowance for doubtful accounts 9 5 Grants receivable ~~~~~~~~~~~~~~~~~~~~~~~ 6 Receivables due from officers, directors, trustees, and other disqualified persons ~~~~~~~~~~~~~~~~~~~~~~ 7 Other notes and loans receivable ~~~~~~~~9 Less: allowance for doubtful accounts 9 8 Inventories for sale or use ~~~~~~~~~~~~~~~~~~~ 9 Prepaid expenses and deferred charges ~~~~~~~~~~~~~

Assets 10a Investments ‐ U.S. and state government obligations ~~~~~~~Stmt 10 154161136. 157376292. 160617438. b Investments ‐ corporate stock ~~~~~~~~~~~~~~~~~Stmt 11 77182486. 76352477. 2793379767. c Investments ‐ corporate bonds ~~~~~~~~~~~~~~~~~Stmt 12 125949354. 126473925. 129096600. 11 Investments ‐ land, buildings, and equipment: basis ~~9 Less: accumulated depreciation ~~~~~~~~9 12 Investments ‐ mortgage loans ~~~~~~~~~~~~~~~~~ 13 Investments ‐ other ~~~~~~~~~~~~~~~~~~~~~~ 14 Land, buildings, and equipment: basis 9 22042895. Less: accumulated depreciation ~~~~~~~~9 572300. 21494021. 21470595. 30356616. 15 Other assets (describe 9 Statement 13) 173949. 129265. 169579. 16 Total assets (to be completed by all filers ‐ see the instructions. Also, see page 1, item I) 417569285. 420095272. 3151919995. 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 ~~~~~~~~~~~~~~~ Liabilities 22 Other liabilities (describe 9 Statement 14) 27083. 7072.

23 Total liabilities (add lines 17 through 22) 27083. 7072. Foundations that follow SFAS 117, check here ~~~~ 9 X and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted ~~~~~~~~~~~~~~~~~~~~~~~~~ 417542202. 420088200. 25 Temporarily restricted ~~~~~~~~~~~~~~~~~~~~~ 26 Permanently restricted~~~~~~~~~~~~~~~~~~~~~ Foundations that do not follow SFAS 117, check here 9 and complete lines 27 through 31. 27 Capital stock, trust principal, or current funds ~~~~~~~~~~~ 28 Paid‐in or capital surplus, or land, bldg., and equipment fund ~~~~ 29 Retained earnings, accumulated income, endowment, or other funds~ 30 Total net assets or fund balances~~~~~~~~~~~~~~~~ 417542202. 420088200. Net Assets or Fund Balances

31 Total liabilities and net assets/fund balances 417569285. 420095272. 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 30 (must agree with end‐of‐year figure reported on prior year's return) ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1 417542202. 2 Enter amount from Part I, line 27a ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 ‐35253443. 3 Other increases not included in line 2 (itemize) 9 See Statement 9 3 37799441. 4 Add lines 1, 2, and 3 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 420088200. 5 Decreases not included in line 2 (itemize) 9 5 0. 6 Total net assets or fund balances at end of year (line 4 minus line 5) ‐ Part II, column (b), line 30 6 420088200. Form 990‐PF (2014) 423511 11‐24‐14 2 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 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, (b) How acquired (c) Date acquired (d) Date sold P ‐ Purchase 2‐story brick warehouse; or common stock, 200 shs. MLC Co.) D ‐ Donation (mo., day, yr.) (mo., day, yr.) 1a b See Attached Statement c d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e 23718645. 23613591. 105054. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus (j) Adjusted basis (k) Excess of col. (i) col. (k), but not less than ‐0‐) or Losses (from col. (h)) (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (j), if any a b c d e 105054. rIf gain, also enter in Part I, line 7 p 2 Capital gain net income or (net capital loss) sqIf (loss), enter ‐0‐ in Part I, line 7 ~~~~~~ om 2 105054. 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). p If (loss), enter ‐0‐ in Part I, line 8 om 3 N/A Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? ~~~~~~~~~~~~~~~~ Yes X No If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part. 1 Enter the appropriate amount in each column for each year; see the instructions before making any entries. (a) (b) (c) (d) Base period years Distribution ratio Calendar year (or tax year beginning in) Adjusted qualifying distributions Net value of noncharitable‐use assets (col. (b) divided by col. (c)) 2013 155879876. 2921104556. .053363 2012 133501145. 2812014074. .047475 2011 115837317. 2609099135. .044397 2010 98976658. 2252166121. .043947 2009 106653838. 2006741309. .053148

2 Total of line 1, column (d)~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 .242330 3 Average distribution ratio for the 5‐year base period ‐ divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 3 .048466

4 Enter the net value of noncharitable‐use assets for 2014 from Part X, line 5 ~~~~~~~~~~~~~~~~~~~~~ 4 2921029557.

5 Multiply line 4 by line 3 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 5 141570619.

6 Enter 1% of net investment income (1% of Part I, line 27b) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 6 891226.

7 Add lines 5 and 6 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 7 142461845.

8 Enter qualifying distributions from Part XII, line 4~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 8 122576318. If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

423521 11‐24‐14 Form 990‐PF (2014) 3 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 4 Part VI 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. p Date of ruling or determination letter: (attach copy of letter if necessary‐see instructions) n b Domestic foundations that meet the section 4940(e) requirements in Part V, check here | and enter 1% mn 1 1782453. of Part I, line 27b~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ n c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b). on 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 1782453. 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 1782453. 6 Credits/Payments: a 2014 estimated tax payments and 2013 overpayment credited to 2014 ~~~~~~~~ 6a 1791865. b Exempt foreign organizations ‐ tax withheld at source ~~~~~~~~~~~~~~~~ 6b c Tax paid with application for extension of time to file (Form 8868)~~~~~~~~~~~ 6c d Backup withholding erroneously withheld ~~~~~~~~~~~~~~~~~~~~~ 6d 7 Total credits and payments. Add lines 6a through 6d ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 7 1791865. 8 Enter any penalty for underpayment of estimated tax. Check here X if Form 2220 is attached ~~~~~~~~~~~~~ 8 9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed ~~~~~~~~~~~~~~~~~~~~ | 9 10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid | 10 9412. 11 Enter the amount of line 10 to be: Credited to 2015 estimated tax | 9412. Refunded | 11 0. Part VII‐A Statements Regarding Activities 1a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in Yes No any political campaign? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1a X b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for the definition)? ~~~~ 1b X 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 X 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 X 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 X 4a Did the foundation have unrelated business gross income of $1,000 or more during the year? ~~~~~~~~~~~~~~~~~~~~~ 4a X b If "Yes," has it filed a tax return on Form 990‐T for this year? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~N/A 4b 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? ~~~~~~~~~~~~~~~~~~~~~~ 5 X 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: ¥ By language in the governing instrument, or ¥ By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instrument? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 6 X 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 XV ~~~~~ 7 X

8a Enter the states to which the foundation reports or with which it is registered (see instructions) 9 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 X 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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)? If "Yes," complete Part XIV~~~~~~~~~~~~~~ 9 X 10 Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses 10 X Form 990‐PF (2014)

423531 11‐24‐14 4 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 5 Part VII‐A Statements Regarding Activities (continued) 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 X 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 instructions) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 12 X 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? ~~~~~~~~~~~ 13 X Website address | www.woodruff.org 14 The books are in care of | Erik S. Johnson, Secretary Telephone no. |404‐522‐6755 Located at | 191 Peachtree Street NE, Suite 3540, Atlanta, GA ZIP+4 |30303‐1799 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 N/A 16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over a bank, Yes No securities, or other financial account in a foreign country? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 16 X See the instructions for exceptions and filing requirements for FinCEN Form 114, (formerly TD F 90‐22.1). If "Yes," enter the name of the foreign country | Part VII‐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? ~~~~~~~~~~~~~~ Yes X No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ~~~~~~~~~~~~~ Yes X No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ~~~~~~~~~~~~~~ X Yes No (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)?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X 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.) ~~~~~~~~~~~~~~~~~~~~~ Yes X 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 X Organizations relying on a current notice regarding disaster assistance check here ~~~~~~~~~~~~~~~~~~~~~ | c 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 2014?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1c X 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 2014, did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2014? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X No If "Yes," list the years | , , , 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.) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~N/A 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. | , , , 3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X No b If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5‐year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10‐, 15‐, or 20‐year first phase holding period? (Use Schedule C, Form 4720, to determine if the foundation had excess business holdings in 2014.) ~~~~~~~~~~~~~~~~~~~~~~N/A 3b 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? ~~~~~~~~~~~~~ 4a X 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 2014? 4b X Form 990‐PF (2014)

423541 11‐24‐14 5 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 6 Part VII‐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: (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?~~~~~~~~~~~~~ Yes X No (2) Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X No (3) Provide a grant to an individual for travel, study, or other similar purposes? ~~~~~~~~~~~~~~~~~ Yes X No (4) Provide a grant to an organization other than a charitable, etc., organization described in section 4945(d)(4)(A)? (see instructions) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ X Yes 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? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X 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 X Organizations relying on a current notice regarding disaster assistance check here ~~~~~~~~~~~~~~~~~~~~~ | c 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?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ X Yes No 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? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X No b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ~~~~~~~~~~~~~~~~ 6b X 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? ~~~~~~~~~ Yes X No b If "Yes," did the foundation receive any proceeds or have any net income attributable to the transaction? N/A 7b Part VIII Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors 1 List all officers, directors, trustees, foundation managers and their compensation. (b) Title, and average (c) Compensation (d) Contributions to (e) Expense employee benefit plans (a) Name and address hours per week devoted (If not paid, and deferred account, other to position enter ‐0‐) compensation allowances TRUSTEES‐see attached detail listing TRUSTEES

12.00 135000. 8725. 0. OFFICERS‐see attached detail listing OFFICERS

69.00 419598. 98762. 2137.

2 Compensation of five highest‐paid employees (other than those included on line 1). If none, enter "NONE." (b) Title, and average (d) Contributions to (e) Expense employee benefit plans (a) Name and address of each employee paid more than $50,000 hours per week (c) Compensation and deferred account, other devoted to position compensation allowances Elizabeth Smith ‐ 191 Peachtree St Grants Program Director NE, #3540, Atlanta, GA 30303 23.00 61810. 14677. 668. Martha Morton ‐ 191 Peachtree St NE, Controller #3540, Atlanta, GA 30303 23.00 55629. 16400. 668.

Total number of other employees paid over $50,000 | 0 Form 990‐PF (2014)

423551 11‐24‐14 6 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 7 Part VIII Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors (continued) 3 Five highest‐paid independent contractors for professional services. If none, enter "NONE." (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation SUNTRUST BANK TRUST FEE UNIT INVESTMENT P.O. BOX 26489, RICHMOND, VA 23261 CONSULTANTS 284170. J.LEE TRIBBLE 1955 CHRYSLER DRIVE, ATLANTA, GA 30345 CONSULTANT 100000.

Total number of others receiving over $50,000 for professional services 9 0 Part IX‐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 Expenses number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. 1 N/A

Part IX‐B Summary of Program‐Related Investments Describe the two largest program‐related investments made by the foundation during the tax year on lines 1 and 2. Amount 1 N/A

All other program‐related investments. See instructions. 3

Total. Add lines 1 through 3 J 0. Form 990‐PF (2014)

423561 11‐24‐14 7 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 8 Part X 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 2925335900. b Average of monthly cash balances ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1b 39931945. c Fair market value of all other assets ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1c 244396. d Total (add lines 1a, b, and c) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1d 2965512241. e Reduction claimed for blockage or other factors reported on lines 1a and 1c (attach detailed explanation) ~~~~~~~~~~~~~~~~~~~~~~ 1e 87758125. 2 Acquisition indebtedness applicable to line 1 assets ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 0. 3 Subtract line 2 from line 1d~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 3 2965512241. 4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) ~~~~~~~~ 4 44482684. 5 Net value of noncharitable‐use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4 ~~~~~~~~~~ 5 2921029557. 6 Minimum investment return. Enter 5% of line 5 6 146051478. Part XI Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here 9 and do not complete this part.) 1 Minimum investment return from Part X, line 6 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1 146051478. 2a Tax on investment income for 2014 from Part VI, line 5 ~~~~~~~~~~~ 2a 1782453. b Income tax for 2014. (This does not include the tax from Part VI.) ~~~~~~~ 2b c Add lines 2a and 2b ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2c 1782453. 3 Distributable amount before adjustments. Subtract line 2c from line 1 ~~~~~~~~~~~~~~~~~~~~~~~ 3 144269025. 4 Recoveries of amounts treated as qualifying distributions~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 0. 5 Add lines 3 and 4 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 5 144269025. 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 XIII, line 1 7 144269025. Part XII Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: a Expenses, contributions, gifts, etc. ‐ total from Part I, column (d), line 26 ~~~~~~~~~~~~~~~~~~~~~~ 1a 122576318. b Program‐related investments ‐ total from Part IX‐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 V, line 8, and Part XIII, line 4~~~~~~~~~ 4 122576318. 5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter 1% of Part I, line 27b ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 5 0. 6 Adjusted qualifying distributions. Subtract line 5 from line 4 ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 6 122576318. Note. The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tax in those years. Form 990‐PF (2014)

423571 11‐24‐14 8 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 9

Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d) Corpus Years prior to 2013 2013 2014 1 Distributable amount for 2014 from Part XI, line 7 ~~~~~~~~~~~~~~~~~ 144269025. 2 Undistributed income, if any, as of the end of 2014: a Enter amount for 2013 only ~~~~~~~ 116111634. b Total for prior years: , , 0. 3 Excess distributions carryover, if any, to 2014: aFrom 2009 ~~~ bFrom 2010 ~~~ c From 2011 ~~~ dFrom 2012 ~~~ eFrom 2013 ~~~ f Total of lines 3a through e ~~~~~~~~ 0. 4 Qualifying distributions for 2014 from Part XII, line 4: 9 $ 122576318. aApplied to 2013, but not more than line 2a ~ 116111634. bApplied to undistributed income of prior years (Election required ‐ see instructions) ~ 0. c Treated as distributions out of corpus (Election required ‐ see instructions) ~~~ 0. dApplied to 2014 distributable amount ~~~ 6464684. eRemaining amount distributed out of corpus 0. 5 Excess distributions carryover applied to 2014 ~~ 0. 0. (If an amount appears in column (d), the same amount must be shown in column (a).) 6 Enter the net total of each column as indicated below: a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 ~~ 0. bPrior 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. dSubtract line 6c from line 6b. Taxable amount ‐ see instructions ~~~~~~~~ 0. eUndistributed income for 2013. Subtract line 4a from line 2a. Taxable amount ‐ see instr.~ 0. f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ~~~~~~~~~~ 137804341. 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 2009 not applied on line 5 or line 7 ~~~~~~~ 0. 9 Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ~~~~ 0. 10 Analysis of line 9: aExcess from 2010~ bExcess from 2011~ c Excess from 2012~ dExcess from 2013~ eExcess from 2014 423581 11‐24‐14 Form 990‐PF (2014) 9 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 10 Part XIV Private Operating Foundations (see instructions and Part VII‐A, question 9) N/A 1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2014, enter the date of the ruling ~~~~~~~~~~~ 9 b Check box to indicate whether the foundation is a private operating foundation described in section ~~~ 4942(j)(3) or 4942(j)(5) 2 a Enter the lesser of the adjusted net Tax year Prior 3 years income from Part I or the minimum (a) 2014 (b) 2013 (c) 2012 (d) 2011 (e) Total investment return from Part X for each year listed ~~~~~~~~~ b 85% of line 2a ~~~~~~~~~~ c Qualifying distributions from Part XII, line 4 for each year listed ~~~~~ d Amounts included in line 2c not used directly for active conduct of exempt activities ~~~~~~~~~ e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c~~~~ 3 Complete 3a, b, or c for the alternative test relied upon: a "Assets" alternative test ‐ enter: (1) Value of all assets ~~~~~~ (2) Value of assets qualifying under section 4942(j)(3)(B)(i) ~ b "Endowment" alternative test ‐ enter 2/3 of minimum investment return shown in Part X, 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 XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year‐see instructions.) 1 Information Regarding Foundation Managers: a List 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).) None b List 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. None 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs: Check here 9 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. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d. a The name, address, and telephone number or e‐mail address of the person to whom applications should be addressed: See attached schedule

b The form in which applications should be submitted and information and materials they should include: See attached schedule c Any submission deadlines: See attached schedule d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors: See attached schedule

423601 11‐24‐14 Form 990‐PF (2014) 10 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 11 Part XV 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 Foundation Purpose of grant or status of contribution Amount Name and address (home or business) any foundation manager or substantial contributor recipient a Paid during the year

See attached schedule 121526450.

Total 9 3a 121526450. b Approved for future payment

See attached schedule 149630554.

Total 9 3b 149630554. Form 990‐PF (2014) 423611 11‐24‐14 11 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 12 Part XVI‐A Analysis of Income‐Producing Activities

Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e) (c) (a) (b) Exclu‐ (d) Related or exempt Business Amount sion 1 Program service revenue: code code Amount function income a b c d e f g Fees and contracts from government agencies ~~~ 2 Membership dues and assessments ~~~~~~~~~ 3 Interest on savings and temporary cash investments ~~~~~~~~~~~~~~~~~~~~ 14 105634. 4 Dividends and interest from securities ~~~~~~~~ 14 89743637. 5 Net rental income or (loss) from real estate: a Debt‐financed property ~~~~~~~~~~~~~ b Not 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 105054. 9 Net income or (loss) from special events ~~~~~~~ 10 Gross profit or (loss) from sales of inventory ~~~~~ 11 Other revenue: a Ichauway, Inc. rent 16 1. b c d e 12 Subtotal. Add columns (b), (d), and (e) ~~~~~~~~ 0. 89954326. 0. 13 Total. Add line 12, columns (b), (d), and (e) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 13 89954326. (See worksheet in line 13 instructions to verify calculations.) Part XVI‐B Relationship of Activities to the Accomplishment of Exempt Purposes

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

423621 11‐24‐14 Form 990‐PF (2014) 12 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1

Continuation for 990‐PF, Part IV Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 1 of 1 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, (b) How acquired (c) Date acquired (d) Date sold P ‐ Purchase 2‐story brick warehouse; or common stock, 200 shs. MLC Co. D ‐ Donation (mo., day, yr.) (mo., day, yr.) 1a ANHEUSER‐BUSCH 4.95% P 04/02/0701/15/14 b USTRS 4% P 06/16/0802/18/14 c FHLMC .85% P 02/24/1202/24/14 d MORGAN STANLEY 4.75% P 04/02/0704/01/14 e FHLMC 4.5% P 10/01/0404/02/14 f FNMA 1.35% P 04/25/1204/25/14 g FHLB 4.875% P 11/27/0606/13/14 h FHLB 5.375% P 07/02/0706/13/14 i AMERICAN EXPRESS 1.096% P 09/23/1106/24/14 j FFCB 2.75% P 07/09/1307/01/14 k BELLSOUTH CORP 5.2% P 11/17/0607/15/14 l FHLB 4.75% P 11/19/0712/12/14 m FHLB 1.625% P 03/06/1203/06/14 n TIAA‐CREF 457b P Various 06/30/14 o (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (or allowable) plus expense of sale (e) plus (f) minus (g) a 1000000. 986340. 13660. b 2500000. 2573340. ‐73340. c 1500000. 1500000. 0. d 2000000. 1919440. 80560. e 3000000. 2937000. 63000. f 750000. 755663. ‐5663. g 2500000. 2497425. 2575. h 1000000. 996810. 3190. i 2354000. 2335639. 18361. j 1000000. 1000000. 0. k 1512360. 1481865. 30495. l 2500000. 2518500. ‐18500. m 2000000. 2040694. ‐40694. n 102285. 70875. 31410. o Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Losses (from col. (h)) (j) Adjusted basis (k) Excess of col. (i) Gains (excess of col. (h) gain over col. (k), (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (j), if any but not less than "‐0‐") a 13660. b ‐73340. c 0. d 80560. e 63000. f ‐5663. g 2575. h 3190. i 18361. j 0. k 30495. l ‐18500. m ‐40694. n 31410. o

~~ If gain, also enter in Part I, line 7 ~~~~~~ 2 Capital gain net income or (net capital loss) iIf (loss), enter "‐0‐" in Part I, line 7 j 2 105054. 3 Net short‐term capital gain or (loss) as defined in sections 1222(5) and (6): p If gain, also enter in Part I, line 8, column (c). m If (loss), enter "‐0‐" in Part I, line 8 o 3 N/A

423591 05‐01‐14 14 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 2220 Underpayment of Estimated Tax by Corporations OMB No. 1545‐0123 | Attach to the corporation's tax return. Form 990‐PF Department of the Treasury 2014 Internal Revenue Service | Information about Form 2220 and its separate instructions is at www.irs.gov/form2220. Name Employer identification number Robert W. Woodruff Foundation, Inc. 58‐1695425 Note: Generally, the corporation is not required to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty owed and bill the corporation. However, the corporation may still use Form 2220 to figure the penalty. If so, enter the amount from page 2, line 38 on the estimated tax penalty line of the corporation's income tax return, but do not attach Form 2220. Part I Required Annual Payment

1 Total tax (see instructions) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1 1782453.

2 a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 1 ~~~~~ 2a b Look‐back interest included on line 1 under section 460(b)(2) for completed long‐term contracts or section 167(g) for depreciation under the income forecast method ~~~~~~~~ 2b

c Credit for federal tax paid on fuels (see instructions) ~~~~~~~~~~~~~~~~~~~ 2c d Total. Add lines 2a through 2c ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2d 3 Subtract line 2d from line 1. If the result is less than $500, do not complete or file this form. The corporation does not owe the penalty 3 1782453. 4 Enter the tax shown on the corporation's 2013 income tax return (see instructions). Caution: If the tax is zero or the tax year was for less than 12 months, skip this line and enter the amount from line 3 on line 5 ~~~~~~~~~~~ 4 860119.

5 Required annual payment. Enter the smaller of line 3 or line 4. If the corporation is required to skip line 4, enter the amount from line 3 5 860119. Part II Reasons for Filing ‐ Check the boxes below that apply. If any boxes are checked, the corporation must file Form 2220 even if it does not owe a penalty (see instructions). 6 The corporation is using the adjusted seasonal installment method. 7 X The corporation is using the annualized income installment method. 8 X The corporation is a "large corporation" figuring its first required installment based on the prior year's tax. Part III Figuring the Underpayment (a) (b) (c) (d) 9 Installment due dates. Enter in columns (a) through (d) the 15th day of the 4th (Form 990‐PF filers: Use 5th month), 6th, 9th, and 12th months of the corporation's tax year ~~~~~~~~~~~~~~~~ 9 05/15/14 06/16/14 09/15/14 12/15/14 10 Required installments. If the box on line 6 and/or line 7 above is checked, enter the amounts from Sch A, line 38. If the box on line 8 (but not 6 or 7) is checked, see instructions for the amounts to enter. If none of these boxes are checked, enter 25% of line 5 above in each column. ~~~~~~ ~ 10 59135. 83573. 633198. 520861. 11 Estimated tax paid or credited for each period (see instructions). For column (a) only, enter the amount from line 11 on line 15 ~~~~~~~~~~~~~~~ 11 76865. 80000. 630000. 1005000. Complete lines 12 through 18 of one column before going to the next column. 12 Enter amount, if any, from line 18 of the preceding column 12 17730. 14157. 10959. 13 Add lines 11 and 12 ~~~~~~~~~~~~~~~~~ 13 97730. 644157. 1015959. 14 Add amounts on lines 16 and 17 of the preceding column 14 15 Subtract line 14 from line 13. If zero or less, enter ‐0‐ ~~ 15 76865. 97730. 644157. 1015959. 16 If the amount on line 15 is zero, subtract line 13 from line 14. Otherwise, enter ‐0‐ ~~~~~~~~~~~~~~~ 16 0. 0. 17 Underpayment. If line 15 is less than or equal to line 10, subtract line 15 from line 10. Then go to line 12 of the next column. Otherwise, go to line 18 ~~~~~~~~~~~ 17 18 Overpayment. If line 10 is less than line 15, subtract line 10 from line 15. Then go to line 12 of the next column 18 17730. 14157. 10959. Go to Part IV on page 2 to figure the penalty. Do not go to Part IV if there are no entries on line 17 - no penalty is owed. LHA For Paperwork Reduction Act Notice, see separate instructions. Form 2220 (2014)

412801 01‐02‐15 15 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Form 990‐PF Form 2220 (2014) Robert W. Woodruff Foundation, Inc. 58‐1695425 Page 2 Part IV Figuring the Penalty

(a) (b) (c) (d) 19 Enter the date of payment or the 15th day of the 3rd month after the close of the tax year, whichever is earlier (see instructions). (Form 990‐PF and Form 990‐T filers: Use 5th month instead of 3rd month.) ~~~~~~~~~~~~ 19 20 Number of days from due date of installment on line 9 to the date shown on line 19 ~~~~~~~~~~~~~~~~~ 20

21 Number of days on line 20 after 4/15/2014 and before 7/1/2014 ~~ 21

22 Underpayment on line 17 x Number of days on line 21 x 3% ~~~ 22 $ $ $ $ 365

23 Number of days on line 20 after 06/30/2014 and before 10/1/2014 ~ 23

24 Underpayment on line 17 x Number of days on line 23 x 3% ~~~ 24 $ $ $ $ 365

25 Number of days on line 20 after 9/30/2014 and before 1/1/2015 ~~ 25

26 Underpayment on line 17 x Number of days on line 25 x 3% ~~~ 26 $ $ $ $ 365

27 Number of days on line 20 after 12/31/2014 and before 4/1/2015 ~ 27

28 Underpayment on line 17 x Number of days on line 27 x 3% ~~~ 28 $ $ $ $ 365

29 Number of days on line 20 after 3/31/2015 and before 7/1/2015 ~~ 29

30 Underpayment on line 17 x Number of days on line 29 x *% ~~~ 30 $ $ $ $ 365

31 Number of days on line 20 after 6/30/2015 and before 10/01/2015 ~ 31

32 Underpayment on line 17 x Number of days on line 31 x *% ~~~ 32 $ $ $ $ 365

33 Number of days on line 20 after 9/30/2015 and before 1/1/2016 ~~ 33

34 Underpayment on line 17 x Number of days on line 33 x *% ~~~ 34 $ $ $ $ 365

35 Number of days on line 20 after 12/31/2015 and before 2/16/2016 ~ 35

36 Underpayment on line 17 x Number of days on line 35 x *% ~~~ 36 $ $ $ $ 366

37 Add lines 22, 24, 26, 28, 30, 32, 34, and 36 ~~~~~~~~~ 37 $ $ $ $

38 Penalty. Add columns (a) through (d) of line 37. Enter the total here and on Form 1120; line 33; or the comparable line for other income tax returns 38 $ 0. * Use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter. These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin. To obtain this information on the Internet, access the IRS website at www.irs.gov. You can also call 1‐800‐829‐4933 to get interest rate information. Form 2220 (2014)

412802 01‐02‐15 16 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Robert W. Woodruff Foundation, Inc. 58‐1695425 Form 2220 (2014) Form 990‐PF Page 3 Schedule A Adjusted Seasonal Installment Method and Annualized Income Installment Method (see instructions) Form 1120S filers: For lines 1, 2, 3, and 21, below, "taxable income" refers to excess net passive income or the amount on which tax is imposed under section 1374(a), whichever applies. Part I ‐ Adjusted Seasonal Installment Method (Caution: Use this method only if the base period percentage for any 6 consecutive months is at least 70%. See instructions.) (a) (b) (c) (d) 1 Enter taxable income for the following periods: First 3 months First 5 months First 8 months First 11 months

aTax year beginning in 2011 ~~~~~~~~~~~~ 1a

bTax year beginning in 2012 ~~~~~~~~~~~~ 1b

c Tax year beginning in 2013 ~~~~~~~~~~~~ 1c 2 Enter taxable income for each period for the tax year beginning in 2014 (see instructions for the treatment of extraordinary items). 2

First 4 months First 6 months First 9 months Entire year 3 Enter taxable income for the following periods:

aTax year beginning in 2011 ~~~~~~~~~~~~ 3a

bTax year beginning in 2012 ~~~~~~~~~~~~ 3b

c Tax year beginning in 2013 ~~~~~~~~~~~~ 3c 4 Divide the amount in each column on line 1a by the amount in column (d) on line 3a ~~~~~~~~~~ 4 5 Divide the amount in each column on line 1b by the amount in column (d) on line 3b ~~~~~~~~~~ 5 6 Divide the amount in each column on line 1c by the amount in column (d) on line 3c ~~~~~~~~~~ 6

7 Add lines 4 through 6 ~~~~~~~~~~~~~~~ 7

8 Divide line 7 by 3.0 ~~~~~~~~~~~~~~~~ 8 9aDivide line 2 by line 8 ~~~~~~~~~~~~~~~ 9a bExtraordinary items (see instructions) ~~~~~~~~ 9b c Add lines 9a and 9b ~~~~~~~~~~~~~~~ 9c 10 Figure the tax on the amt on ln 9c using the instr for Form 1120, Sch J, ln 2 (or comparable ln of corp's return) ~ 10 11aDivide the amount in columns (a) through (c) on line 3a by the amount in column (d) on line 3a ~~~~~~~ 11a bDivide the amount in columns (a) through (c) on line 3b by the amount in column (d) on line 3b ~~~~~~~ 11b c Divide the amount in columns (a) through (c) on line 3c by the amount in column (d) on line 3c ~~~~~~~ 11c 12 Add lines 11a though 11c ~~~~~~~~~~~~~ 12 13 Divide line 12 by 3.0 ~~~~~~~~~~~~~~~ 13 14 Multiply the amount in columns (a) through (c) of line 10 by columns (a) through (c) of line 13. In column (d), enter the amount from line 10, column (d) ~~~~~~~~ 14 15 Enter any alternative minimum tax for each payment period (see instructions) ~~~~~~~~~~~~~ 15

16 Enter any other taxes for each payment period (see instr) 16 17 Add lines 14 through 16 ~~~~~~~~~~~~~~ 17 18 For each period, enter the same type of credits as allowed on Form 2220, lines 1 and 2c (see instructions) ~~~ 18 19 Total tax after credits. Subtract line 18 from line 17. If zero or less, enter ‐0‐ 19 412821 01‐02‐15 Form 2220 (2014) 17 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Robert W. Woodruff Foundation, Inc. 58‐1695425 Form 2220 (2014) Form 990‐PF Page 4 ** Part II ‐ Annualized Income Installment Method (a) (b) (c) (d) First 2 First 3 First 6 First 9 20 Annualization periods (see instructions) ~~~~~~~ 20 months months months months 21 Enter taxable income for each annualization period (see instructions for the treatment of extraordinary items) ~ 21 1971176. 3567700. 25863525. 48628893.

22 Annualization amounts (see instructions) ~~~~~~ 22 6.000000 4.000000 2.000000 1.333330

23aAnnualized taxable income. Multiply line 21 by line 22 ~ 23a 11827056. 14270800. 51727050. 64838362. bExtraordinary items (see instructions) ~~~~~~~~ 23b c Add lines 23a and 23b ~~~~~~~~~~~~~~ 23c 11827056. 14270800. 51727050. 64838362. 24 Figure the tax on the amount on line 23c using the instructions for Form 1120, Schedule J, line 2 (or comparable line of corporation's return) ~~~~~ 24 236541. 285416. 1034541. 1296767. 25 Enter any alternative minimum tax for each payment period (see instructions) ~~~~~~~~~~~~~~ 25

26 Enter any other taxes for each payment period (see instr) 26

27 Total tax. Add lines 24 through 26 ~~~~~~~~~ 27 236541. 285416. 1034541. 1296767. 28 For each period, enter the same type of credits as allowed on Form 2220, lines 1 and 2c (see instructions) ~~~ 28 29 Total tax after credits. Subtract line 28 from line 27. If zero or less, enter ‐0‐ ~~~~~~~~~~~~~~~ 29 236541. 285416. 1034541. 1296767.

30 Applicable percentage ~~~~~~~~~~~~~~ 30 25% 50% 75% 100%

31 Multiply line 29 by line 30 31 59135. 142708. 775906. 1296767. Part III ‐ Required Installments

Note: Complete lines 32 through 38 of one column 1st 2nd 3rd 4th before completing the next column. installment installment installment installment 32 If only Part I or Part II is completed, enter the amount in each column from line 19 or line 31. If both parts are completed, enter the smaller of the amounts in each column from line 19 or line 31 ~~~~~~~~~~~ 32 59135. 142708. 775906. 1296767. 33 Add the amounts in all preceding columns of line 38 (see instructions) ~~~~~~~~~~~~~~~~ 33 59135. 142708. 775906. 34 Adjusted seasonal or annualized income installments. Subtract line 33 from line 32. If zero or less, enter ‐0‐ ~ 34 59135. 83573. 633198. 520861. 35 Enter 25% of line 5 on page 1 of Form 2220 in each column. Note: "Large corporations," see the instructions for line 10 for the amounts to enter ~~~~~~~~~ 35 215030. 676197. 445613. 445614. 36 Subtract line 38 of the preceding column from line 37 of the preceding column ~~~~~~~~~~~~~~ 36 155895. 748519. 560934.

37 Add lines 35 and 36 ~~~~~~~~~~~~~~~ 37 215030. 832092. 1194132. 1006548. 38 Required installments. Enter the smaller of line 34 or line 37 here and on page 1 of Form 2220, line 10 (see instructions) 38 59135. 83573. 633198. 520861. Form 2220 (2014) ** Annualized Income Installment Method Using Standard Option

412822 01‐02‐15 18 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Robert W. Woodruff Foundation, Inc. 58‐1695425 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Interest on Savings and Temporary Cash Investments Statement 1 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

(a) (b) (c) Revenue Net Investment Adjusted Source Per Books Income Net Income }}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} Cash equivalent and money market interest 105634. 105634. }}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} Total to Part I, line 3 105634. 105634. ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Dividends and Interest from Securities Statement 2 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

Capital (a) (b) (c) Gross Gains Revenue Net Invest‐ Adjusted Source Amount Dividends Per Books ment Income Net Income }}}}}} }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}} Dividends 80781832. 0. 80781832. 80781832. Interest ‐ long‐term 8961805. 0. 8961805. 8961805. }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}} To Part I, line 4 89743637. 0. 89743637. 89743637. ~~~~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Other Income Statement 3 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

(a) (b) (c) Revenue Net Invest‐ Adjusted Description Per Books ment Income Net Income }}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} Ichauway, Inc. rent 1. 0. }}}}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} Total to Form 990‐PF, Part I, line 11 1. 0. ~~~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~

19 Statement(s) 1, 2, 3 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Robert W. Woodruff Foundation, Inc. 58‐1695425 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Legal Fees Statement 4 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

(a) (b) (c) (d) Expenses Net Invest‐ Adjusted Charitable Description Per Books ment Income Net Income Purposes }}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} Taylor English Duma LLP 1978. 732. 1246. }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} To Fm 990‐PF, Pg 1, ln 16a 1978. 732. 1246. ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Accounting Fees Statement 5 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

(a) (b) (c) (d) Expenses Net Invest‐ Adjusted Charitable Description Per Books ment Income Net Income Purposes }}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} Deloitte/Touche 22631. 8373. 14258. Windham Brannon 6623. 2451. 4172. }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} To Form 990‐PF, Pg 1, ln 16b 29254. 10824. 18430. ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Other Professional Fees Statement 6 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

(a) (b) (c) (d) Expenses Net Invest‐ Adjusted Charitable Description Per Books ment Income Net Income Purposes }}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} SunTrust Bank Trust Fee Unit 284170. 284170. 0. Benefit Alternatives, Inc. 634. 235. 399. SunTrust Bank 94. 94. 0. FiduciaryVest 9681. 3582. 6099. J. Lee Tribble 100000. 0. 100000. }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} To Form 990‐PF, Pg 1, ln 16c 394579. 288081. 106498. ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~

20 Statement(s) 4, 5, 6 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Robert W. Woodruff Foundation, Inc. 58‐1695425 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Taxes Statement 7 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

(a) (b) (c) (d) Expenses Net Invest‐ Adjusted Charitable Description Per Books ment Income Net Income Purposes }}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} Excise Tax 1785000. 0. 0. }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} To Form 990‐PF, Pg 1, ln 18 1785000. 0. 0. ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Other Expenses Statement 8 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

(a) (b) (c) (d) Expenses Net Invest‐ Adjusted Charitable Description Per Books ment Income Net Income Purposes }}}}}}}}}}} }}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} Computer 48832. 18068. 30764. Office Insurance 16275. 6022. 10253. Office Equipment 701. 259. 442. Supplies 4111. 1521. 2590. Organization Dues 81979. 1096. 80883. Postage 2286. 846. 1440. Repairs/Maintenance 5627. 2082. 3545. Telephone 3244. 1200. 2044. Miscellaneous 2640. 977. 1663. }}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}} To Form 990‐PF, Pg 1, ln 23 165695. 32071. 133624. ~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Other Increases in Net Assets or Fund Balances Statement 9 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

Description Amount }}}}}}}}}}} }}}}}}}}}}}}}} Gain on stock grant to Emory University 37799441. }}}}}}}}}}}}}} Total to Form 990‐PF, Part III, line 3 37799441. ~~~~~~~~~~~~~~

21 Statement(s) 7, 8, 9 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Robert W. Woodruff Foundation, Inc. 58‐1695425 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF U.S. and State/City Government Obligations Statement 10 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

U.S. Other Fair Market Description Gov't Gov't Book Value Value }}}}}}}}}}} }}}}} }}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} various ‐ see attached detail X 157376292. 160617438. }}}}}}}}}}}}}} }}}}}}}}}}}}}} Total U.S. Government Obligations 157376292. 160617438. }}}}}}}}}}}}}} }}}}}}}}}}}}}} Total State and Municipal Government Obligations }}}}}}}}}}}}}} }}}}}}}}}}}}}} Total to Form 990‐PF, Part II, line 10a 157376292. 160617438. ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Corporate Stock Statement 11 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

Fair Market Description Book Value Value }}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} various ‐ see attached detail 76352477. 2793379767. }}}}}}}}}}}}}} }}}}}}}}}}}}}} Total to Form 990‐PF, Part II, line 10b 76352477. 2793379767. ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Corporate Bonds Statement 12 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

Fair Market Description Book Value Value }}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} various ‐ see attached detail 126473925. 129096600. }}}}}}}}}}}}}} }}}}}}}}}}}}}} Total to Form 990‐PF, Part II, line 10c 126473925. 129096600. ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Other Assets Statement 13 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

Beginning of End of Year Fair Market Description Yr Book Value Book Value Value }}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} 457(b) Plan 158866. 121034. 161348. Benefit Plans 15083. 8231. 8231. }}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} To Form 990‐PF, Part II, line 15 173949. 129265. 169579. ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~

22 Statement(s) 10, 11, 12, 13 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 Robert W. Woodruff Foundation, Inc. 58‐1695425 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990‐PF Other Liabilities Statement 14 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

Description BOY Amount EOY Amount }}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} 457(b) Plan 27035. 5555. Benefit Plan 48. 1517. }}}}}}}}}}}}}} }}}}}}}}}}}}}} Total to Form 990‐PF, Part II, line 22 27083. 7072. ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~

23 Statement(s) 14 13370508 352174 0060 2014.03020 Robert W. Woodruff Foundati 0060___1 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Part I, Line 25 and Part XV, Line 3a GRANTS PAID IN 2014

Recipient Foundation Status Purpose of Grant Amount CULTURAL ACTIVITIES Atlanta History Center Comprehensive campaign to renovate the museum and redesign the Atlanta exhibit. 130 West Paces Ferry Road, NW PC Payable when sufficient funds have been secured to complete the project and a $5,000,000 Atlanta, GA 30305-1366 construction contract has been let. $20 million campaign to create new outdoor experiences in Fernbank Forest and to open Fernbank, Inc. PC the forest to the museum. Capital campaign ($5 million) and endowment ($5 million). The $5,000,000 767 Clifton Rd., NE capital portion is contingent and expires if not claimed by Sept. 1, 2015. Atlanta, GA 30307-1221

Construction of a research center at the Southern Museum. Payable when sufficient Kennesaw Museum Foundation, Inc. PC funds have been raised to complete the project and a construction contract has been let. $200,000 P.O. Box 846 The grant will expire if not claimed by 9/30/12. Deadline extended to 6/30/14. Kennesaw, GA 30156

National Center for Civil and Human Rights 55 Ivan Allen, Jr. Blvd., Suite 510 PC $70 million campaign to establish the National Center for Civil and Human Rights. $2,000,000 Atlanta, GA 30308

Robert W. Woodruff Arts Center 1280 Peachtree Street, NE PC Comprehensive campaign for capital improvements and endowment. $2,000,000 Atlanta, GA 30309

Tellus Science Museum Expansion and upgrades to the Museum as part of $1.2 million Vision for the Future One Tellus Drive PC $200,000 P. O. Box 3663 campaign. Cartersville, GA 30120

Tubman African American Museum P.O. Box 6671 PC $15 million capital campaign to build a new facility in Macon. $200,000 Macon, GA 31208

TOTAL CULTURAL ACTIVITIES $14,600,000 COMMUNITY DEVELOPMENT

Buckhead Alliance Reconstruction of public space and streetscapes in Buckhead Village. Payable as like PC $2,000,000 3340 Peachtree Rd., Suite 230 investments are made by the Buckhead Community Improvement District. Atlanta, GA 30326

Foundation Center Continued support of the Foundation Center-Atlanta over two years ($550,000) and PC $1,725,000 79 Fifth Avenue toward relocation of the Foundation Center's New York office ($1,450,000). New York, NY 10003-3076 Georgia Center for Nonprofits Continued program support, expansion of Momentum program to additional Georgia 100 Peachtree Street, Suite 1500 PC cities, and the launch and expansion over three years of the Leading for Impact $250,000 Atlanta, GA 30303 collaboration between GCN and Bridgespan.

Georgia Center for Nonprofits Program support ($200,000) and costs associated with the Leading for Impact PC $417,000 100 Peachtree Street, Suite 1500 collaboration between GCN and Bridgespan ($217,000). Atlanta, GA 30303 Greater Atlanta Chamber Foundation 235 Andrew Young International Blvd., NW PC Support of Forward Atlanta campaign. Payable over three years. $1,000,000 Atlanta, GA 30303 University of Georgia Support through 2017 of the Georgia Legislative Leadership Institute, a leadership 220 South Jackson Street PC $225,000 Administration Building development program for freshmen members of the Georgia General Assembly. Athens, GA 30602-1661

TOTAL COMMUNITY DEVELOPMENT $5,617,000

EDUCATION

Agnes Scott College First phase of plan to renovate three buildings, including conversion of Campbell Hall into PC $3,000,000 141 East College Avenue residential and classroom space. Decatur, GA 30030-3797

Associated Colleges of the South Initiative to implement "blended learning" at sixteen member institutions to help address SO I $200,000 2970 Clairmont Road, Suite 1030 financial sustainability. Atlanta, GA 30329

Emory University 201 Dowman Drive PC Endowment for new scholarship programs. $25,000,004 Atlanta, GA 30322

Emory University 201 Dowman Drive PC Construction of a new science building at Oxford College. Payable over two years. $11,750,000 Atlanta, GA 30322

Georgia Council on Economic Education P.O. Box 1619 PC Program support over three years. $200,000 Atlanta, GA 30301-1619 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Part I, Line 25 and Part XV, Line 3a GRANTS PAID IN 2014

Recipient Foundation Status Purpose of Grant Amount

Georgia Partnership for Excellence in Education Establishment of the Woodrow Wilson Georgia Teaching Fellowship. Contingent on PC $1,500,000 270 Peachtree Street, Suite 2200 satisfactory annual progress and payable over four years. Atlanta, GA 30303

Georgia Public Broadcasting Development of the Georgia Studies Digital Textbook, including Learning Management PC $450,000 260 14th Street, NW System integration support, virtual field trips and immersive video games. Atlanta, GA 30318-5360

Georgia State University Completion of the block at 25 Park Place, including new classroom space for media PC $2,000,000 P.O. Box 3999 production programs and streetscape improvements to GSU's Woodruff Park District. Atlanta, GA 30302-3999

Georgia Tech Foundation Georgia Institute of Technology PC Construction of the Engineered Biosystems Building. $6,000,000 Atlanta, GA 30332

Morehouse College 830 Westview Drive, S.W. PC Renovation of the Martin Luther King, Jr. International Chapel. $5,000,000 Atlanta, GA 30314-3773

Mount Vernon Presbyterian School 471 Mount Vernon Highway, NE PC Campus renovations as part of $5.5 million campaign. $500,000 Atlanta, GA 30328

Pace Academy 966 West Paces Ferry Road, NW PC Construction of the Arthur M. Blank Family Upper School. Payable over two years. $1,250,000 Atlanta, GA 30327-2699

Robert W. Woodruff Library 111 James P. Brawley Drive, SW SO II Development of plaza and green space in front of Woodruff Library. $2,250,000 Atlanta, GA 30314

Spelman College Construction of a new $18 million facility to house wellness program. Contingent on 350 Spelman Lane, SW PC sufficient funds being raised to complete the project and a construction contract being $3,000,000 Atlanta, GA 30314-4399 let.

Technical College System of Georgia Foundation Implementation of Accelerating Opportunity program to help low-skilled adults earn post- SO III FI $200,000 1800 Century Place, Suite 275 secondary credentials. Payable over three years. Atlanta, GA 30345

Technical College System of Georgia Foundation Expansion of the Achieving The Dream program to all TCSG colleges to increase SO III FI $400,000 1800 Century Place, Suite 275 graduation rates. Payable over three years. Atlanta, GA 30345 University of Georgia 220 South Jackson Street PC Expansion of the Georgia College Advising Corps in Atlanta. Payable over two years. $500,000 Administration Building Athens, GA 30602-1661

TOTAL EDUCATION $63,200,004

ENVIRONMENT

Georgia, State of, Department of Natural Resources 2 Martin Luther King Dr., SE GOV Acquisition of 5,761 acres bordering Paulding Forest. $2,500,000 Suite 1252 Atlanta, GA 30334-9000

Ichauway, Incorporated 3988 Jones Center Drive POF 2014 capital and operating needs. $9,000,000 Newton, GA 39870

Park Pride Community Grant Program to provide matching grants to community park improvement Harris Tower PC $1,750,000 233 Peachtree St., NE, Suite 1600 projects, including path improvements at Chastain Park. Atlanta, GA 30303

TOTAL ENVIRONMENT $13,250,000 HEALTH Atlanta Ronald McDonald House Charities, Inc. Construction of a new 31-bedroom house to replace current Peachtree Dunwoody 795 Gatewood Road, NE PC facility. Contingent on sufficient funds being secured to complete the project and a $2,500,000 Atlanta, GA 30329 construction contract being let. Emory University 201 Dowman Drive PC Investments in key priorities of Emory Medicine. $13,629,446 Atlanta, GA 30322 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Part I, Line 25 and Part XV, Line 3a GRANTS PAID IN 2014

Recipient Foundation Status Purpose of Grant Amount Georgia Eye Bank, Inc. One Premier Plaza PC Renovation of lab space. $200,000 5605 Glenridge Drive, NE, Suite 250 Atlanta, GA 30342 Georgia Lions Lighthouse Foundation, Inc. 5582 Peachtree Road PC Purchase of vans to serve clinic sites providing preventive eye care. $50,000 Chamblee, GA 30341 Georgia Prevention Project 3715 Northside Parkway, Suite 1-230 PC Support of Meth Prevention Lesson program in Georgia schools. $750,000 Atlanta, GA 30327

Georgia State University Continued support of the Georgia Health Policy Center's program to educate and inform PC $180,000 P.O. Box 3999 legislators regarding healthcare policy. Atlanta, GA 30302-3999

Shepherd Center Establishment of Shepherd Transition Services Program to improve discharge care and PC $1,250,000 2020 Peachtree Road, NW support. Payable over two years. Atlanta, GA 30309

TOTAL HEALTH $18,559,446

HUMAN SERVICES

100 Black Men of America, Inc. Support of Project SOAR college readiness initiative and technology upgrades at Atlanta PC $300,000 141 Auburn Avenue office. Atlanta, GA 30303 Boys & Girls Clubs of America 1275 Peachtree Street, NE PC Support of "Great Futures" campaign. Payable over four years. $5,000,000 Atlanta, GA 30309

William Breman Jewish Home, Inc. Construction of the Berman Commons assisted living facility on the campus of the Marcus PC $1,000,000 3150 Howell Mill Road, NW Jewish Community Center. Atlanta, GA 30327

TOTAL HUMAN SERVICES $6,300,000

TOTAL GRANTS $121,526,450

Foundation status of recipient: PC Public charity described in 509(a)(1) or (2) GOV Domestic or foreign government or instrumentality POF Private operating foundation (section 4942(j)(3)) other than an EOF SO I Type I supporting organization (sections 509(a)(3) and 509(a)(3)(B)(i)) other than an SO-DP SO II Type II supporting organization (sections 509(a)(3) and 509(a)(3)(B)(ii)) other than an SO-DP SO III FI Functionally integrated type III supporting organization (sections 509(a)(3) and 509(a)(3)(B)(iii), and 4943(f)(5)(B)) other than an SO-DP ROBERT W. WOODRUFF FOUNDATION, INC. ‐ #58‐1695425 Form 990‐PF, Year 2014, Part I, Line 19a and Part II, Line 14

Depreciation Accumulated Asset Description In service Life Cost Expense Depreciation Net Book Value

Asset Class‐ 5‐Year Property (Computers) AV Equipment 7/1/11 5 6,096.27 1,219.20 4,267.20 1,829.07 AV for sitting room 3/1/12 5 1,409.46 281.88 798.66 610.80 AV for sitting room 3/1/12 5 481.51 96.36 273.02 208.49 Class totals 7,987.24 1,597.44 5,338.88 2,648.36

Asset Class‐ 7‐Year Property (Furniture, Telephones, Copiers) Board Table 7/1/11 7 13,554.36 1,936.32 6,777.12 6,777.24 Card Access 7/1/11 7 1,705.32 243.60 852.60 852.72 Card Access 7/1/11 7 755.65 108.00 378.00 377.65 Chairs 7/1/11 7 18,906.50 2,700.96 9,453.36 9,453.14 Credenza 7/1/11 7 514.33 73.44 257.04 257.29 Desk Chairs 7/1/11 7 2,112.22 301.80 1,056.30 1,055.92 Desks and Credenzas 7/1/11 7 40,532.57 5,790.36 20,266.26 20,266.31 File Cabinets 7/1/11 7 12,562.74 1,794.72 6,281.52 6,281.22 File Cabinets 7/1/11 7 72.95 10.44 36.54 36.41 Furniture Installation 7/1/11 7 162.12 23.16 81.06 81.06 Furniture Installation 7/1/11 7 72.95 10.44 36.54 36.41 Furniture Installation 7/1/11 7 875.45 125.04 437.64 437.81 Furniture Installation 7/1/11 7 4,094.53 584.88 2,047.08 2,047.45 Guest Chairs 7/1/11 7 1,867.62 266.76 933.66 933.96 Rug 7/1/11 7 3,654.19 522.00 1,827.00 1,827.19 Rugs 7/1/11 7 6,079.50 868.56 3,039.96 3,039.54 Sitting Room Table 7/1/11 7 811.88 116.04 406.14 405.74 Breakroom tables 10/1/11 7 510.68 72.96 237.12 273.56 Drapery 10/1/11 7 2,007.45 286.80 932.10 1,075.35 Rug 10/1/11 7 1,750.90 250.08 812.76 938.14 Art‐ Photography 10/1/11 7 2,121.99 303.12 985.14 1,136.85 Art‐ Photography 10/1/11 7 593.19 84.72 275.34 317.85 Credenza and Installation 11/1/11 7 1,108.21 158.28 501.22 606.99 President's Desk 12/1/11 7 3,242.40 463.20 1,428.20 1,814.20 Leather Chair 3/1/12 7 710.53 101.52 287.64 422.89 Sitting room artwork 4/1/12 7 2,736.84 390.96 1,075.14 1,661.70 Art‐ Photography 8/1/12 7 1,399.29 199.92 483.14 916.15 Class totals 124,516.36 17,788.08 61,185.62 63,330.74

Asset Class‐ 15‐Year Leasehold Improvements Leasehold Improvements 7/1/11 15 45,930.28 3,062.04 10,717.14 35,213.14 Construction Admin 7/1/11 15 878.65 58.56 204.96 673.69 Media and display casework 3/1/12 15 5,973.71 398.28 1,128.46 4,845.25 Media and display casework 3/1/12 15 6,171.22 411.36 1,165.52 5,005.70 Electrical for sitting rm 3/1/12 15 986.04 65.76 186.32 799.72 Film to offices 6/1/12 15 661.55 44.16 114.08 547.47 Class totals 60,601.45 4,040.16 13,516.48 47,084.97

Ichauway, Baker County, Georgia ‐ depreciation was taken for 10 years on assets used directly in carrying out charitable purposes. Land 21,357,531.00 0.00 21,357,531.00 Buildings 492,259.00 492,259.00 0.00 Class totals 21,849,790.00 0.00 492,259.00 21,357,531.00

GRAND TOTAL 22,042,895.05 23,425.68 572,299.98 21,470,595.07 ROBERT W. WOODRUFF FOUNDATION, INC. - # 58-1695425 Form 990-PF, Year 2014, Page 2, Part III, Line 3 STATEMENT 9

Grants of The Coca-Cola Company common stock - NON-TAXABLE GAIN:

GRANT NON-TAXABLE DATE SHARES PRICE AMOUNT COST GAIN Emory University 6/27/14 324,279 $42.03 $ 13,629,446 $ 295,004 $ 13,334,442 Emory University 11/12/14 588,097 $40.35 $ 25,000,004 $ 535,005 $ 24,464,999

TOTAL - Other increases not included in line 2 $ 37,799,441 Robert W. Woodruff Foundation, Inc. Form 990-PF, Year 2013, Page 2, Part II, Lines 2 and 10 a,b,c STATEMENTS 10, 11, 12 Portfolio Summary December 31, 2014

Security Type Book Value Fair Market Value

Cash Investments $ 38,286,061 $ 38,293,338

Government Obligations Government Bonds 93,075,419 95,832,305 G N M A 5,701,732 5,779,652 F N M A 34,668,637 34,789,819 F H L M C 1,872,846 2,013,127 S B A 2,732,050 2,696,457 C M O (a) 19,325,608 19,506,078 STATEMENT 10 TOTAL 157,376,292 160,617,438

Corporate Bonds Corporate Bonds 95,798,824 98,556,499 A B S (b) 30,675,101 30,540,101 STATEMENT 12 TOTAL 126,473,925 129,096,600

Total Fixed Income 283,850,217 289,714,038

Corporate Stock The Coca-Cola Company 56,076,598 2,627,788,210 Diversified Equities 20,275,879 165,591,557

STATEMENT 11 TOTAL 76,352,477 2,793,379,767

Total Portfolio $ 398,488,755 $ 3,121,387,143

C M O / A B S Total (a) 19,325,608 19,506,078 (b) 30,675,101 30,540,101 50,000,709 50,046,179 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

COMMERCIAL PAPER 1,125,000 AGL Capital 99.97 1,124,716 100.00 1,124,945 0.0 0.350% Due 01-05-15 320,000 AGL Capital 99.97 319,894 100.00 319,984 0.0 0.350% Due 01-05-15 13,024,000 LOCAP 99.97 13,019,948 99.99 13,023,240 0.4 0.350% Due 01-06-15 2,000,000 LOCAP 99.98 1,999,514 99.99 1,999,883 0.1 0.350% Due 01-06-15 620,000 Enterprise Products 99.97 619,825 99.99 619,916 0.0 0.350% Due 01-14-15 1,411,000 Autozone 99.97 1,410,534 99.99 1,410,794 0.0 0.350% Due 01-15-15 590,000 Magellan 99.97 589,836 99.98 589,869 0.0 0.400% Due 01-20-15 6,478,000 Enterprise Products 99.96 6,475,130 99.97 6,475,922 0.2 0.550% Due 01-21-15 12,556,000 Autozone 99.96 12,550,964 99.98 12,553,084 0.4 0.380% Due 01-22-15 38,110,360 38,117,638 1.2

MONEY MARKET SunTrust Money Market 175,701 175,701 0.0

GOVERNMENT BONDS 2015 Maturities 2,000,000 FEDERAL HOME LN 99.54 1,990,800 100.03 2,000,654 0.1 BKS 0.375% Due 03-13-15 2,000,000 UNITED STATES 103.55 2,070,938 100.58 2,011,640 0.1 TREAS NTS 2.500% Due 03-31-15 1,000,000 UNITED STATES 100.69 1,006,875 100.86 1,008,594 0.0 TREAS NTS 1.875% Due 06-30-15 2,000,000 FEDERAL NATL 101.69 2,033,760 101.24 2,024,812 0.1 MTG ASSN 2.375% Due 07-28-15 1,600,000 UNITED STATES 97.32 1,557,125 100.80 1,612,875 0.1 TREAS NTS 1.250% Due 10-31-15

1 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

2,000,000 UNITED STATES 97.66 1,953,125 101.00 2,020,000 0.1 TREAS NTS 1.375% Due 11-30-15 1,020,000 FEDERAL HOME LN 101.44 1,034,644 100.92 1,029,372 0.0 BKS 1.375% Due 12-11-15 2,000,000 FEDERAL HOME LN 101.10 2,022,020 101.81 2,036,156 0.1 BKS 2.375% Due 12-11-15 13,669,287 13,744,103 0.4

2016 Maturities 1,500,000 FEDERAL FARM 100.14 1,502,040 103.70 1,555,452 0.0 CREDIT BANK 3.750% Due 01-29-16 2,500,000 UNITED STATES 95.45 2,386,328 104.63 2,615,820 0.1 TREAS NTS 4.500% Due 02-15-16 2,000,000 UNITED STATES 102.88 2,057,500 102.92 2,058,438 0.1 TREAS NTS 2.625% Due 04-30-16 2,750,000 FEDERAL HOME 103.39 2,843,225 107.94 2,968,221 0.1 LOAN BANK 5.375% Due 09-09-16 1,500,000 FEDERAL FARM 103.21 1,548,075 107.54 1,613,027 0.1 CREDIT BANK 5.200% Due 09-15-16 2,000,000 FEDERAL NATL 98.22 1,964,380 102.33 2,046,528 0.1 MTG ASSN 2.125% Due 09-21-16 2,000,000 FEDERAL FARM 96.75 1,934,920 102.20 2,043,954 0.1 CREDIT BANK 1.875% Due 11-22-16 14,236,468 14,901,439 0.5

2017 Maturities 2,000,000 FEDERAL FARM 100.55 2,011,000 103.77 2,075,322 0.1 CREDIT BANK 2.700% Due 01-27-17

2 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

1,250,000 FEDERAL FARM 100.22 1,252,706 109.01 1,362,589 0.0 CREDIT BANK 5.100% Due 02-22-17 2,000,000 FEDERAL HOME LN 99.75 1,994,900 100.29 2,005,796 0.1 MTG CORP 1.000% Due 03-08-17 1,500,000 FEDERAL FARM 96.56 1,448,400 107.59 1,613,820 0.1 CREDIT BANK 4.250% Due 04-17-17 1,000,000 FEDERAL FARM 102.89 1,028,920 109.33 1,093,291 0.0 CREDIT BANK 5.100% Due 04-25-17 2,500,000 FEDERAL FARM 101.58 2,539,575 109.49 2,737,140 0.1 CREDIT BANK 5.050% Due 05-18-17 1,000,000 FEDERAL FARM 99.09 990,875 110.70 1,107,040 0.0 CREDIT BANK 5.400% Due 06-08-17 1,000,000 UNITED STATES 99.81 998,125 103.94 1,039,375 0.0 TREAS NTS 2.500% Due 06-30-17 1,000,000 FEDERAL HOME 100.00 1,000,000 109.10 1,090,983 0.0 LOAN BANK 4.625% Due 09-08-17 1,250,000 FEDERAL FARM 99.53 1,244,163 110.22 1,377,705 0.0 CREDIT BANK 5.000% Due 09-22-17 1,000,000 UNITED STATES 95.28 952,813 102.35 1,023,516 0.0 TREAS NTS 1.875% Due 10-31-17 2,000,000 FEDERAL HOME LN 100.98 2,019,680 105.31 2,106,108 0.1 BKS 3.125% Due 12-08-17 17,481,156 18,632,685 0.6

2018 Maturities 2,000,000 FEDERAL HOME 99.45 1,988,940 111.44 2,228,836 0.1 LOAN BANK 4.750% Due 06-08-18

3 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

2,500,000 UNITED STATES 99.75 2,493,848 100.10 2,502,540 0.1 TREAS NTS 1.375% Due 07-31-18 1,500,000 FEDERAL FARM 107.03 1,605,465 112.61 1,689,119 0.1 CREDIT BANK 5.050% Due 08-01-18 1,850,000 FEDERAL HOME LN 100.00 1,850,000 98.80 1,827,833 0.1 MTG CORP, call 10/15/14 1.100% Due 10-15-18 1,000,000 TENNESSEE 100.19 1,001,910 100.94 1,009,352 0.0 VALLEY AUTHORITY 1.750% Due 10-15-18 1,000,000 FEDERAL FARM 96.60 966,040 98.04 980,384 0.0 CREDIT BANK callable 1.100% Due 11-06-18 9,906,203 10,238,064 0.3

2019 Maturities 1,150,000 FEDERAL NATL 99.95 1,149,425 98.92 1,137,605 0.0 MTG ASSN callable 1.250% Due 01-30-19 2,500,000 UNITED STATES 99.29 2,482,129 100.02 2,500,585 0.1 TREAS NTS 1.500% Due 03-31-19 4,310,000 UNITED STATES 99.88 4,304,850 100.25 4,320,775 0.1 TREAS NTS 1.625% Due 06-30-19 2,850,000 UNITED STATES 98.94 2,819,719 109.09 3,109,173 0.1 TREAS NTS 3.625% Due 08-15-19 1,500,000 FEDERAL HOME LN 98.90 1,483,470 99.27 1,489,023 0.0 MTG CORP, callable 1.660% Due 08-28-19 12,239,592 12,557,162 0.4

2020 Maturities 1,700,000 UNITED STATES 98.48 1,674,234 109.64 1,863,890 0.1 TREAS NTS 3.625% Due 02-15-20

4 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

2,000,000 FEDERAL FARM 98.70 1,974,000 98.62 1,972,474 0.1 CREDIT BANK callable 1.840% Due 04-17-20 1,000,000 FEDERAL NATL 99.11 991,140 95.65 956,524 0.0 MTG ASSN, callable 1.550% Due 10-29-20 3,000,000 FEDERAL HOME LN 96.60 2,897,880 97.68 2,930,289 0.1 MTG CORP, call 6/11/15 1.750% Due 12-11-20 7,537,254 7,723,177 0.2

2021 Maturities 2,000,000 UNITED STATES 99.29 1,985,781 100.69 2,013,750 0.1 TREAS NTS 2.000% Due 02-28-21 2,400,000 FEDERAL NATL 100.00 2,400,000 97.59 2,342,251 0.1 MTG ASSN, callable 1.750% Due 04-30-21 1,000,000 FEDERAL NATL 99.21 992,120 96.42 964,212 0.0 MTG ASSN callable 1.800% Due 10-29-21 2,225,000 UNITED STATES 98.68 2,195,710 100.37 2,233,170 0.1 TREAS NTS 2.000% Due 11-15-21 7,573,611 7,553,383 0.2

2022 Maturities 3,000,000 FEDERAL HOME LN 109.25 3,277,500 103.99 3,119,823 0.1 BKS call 3/7/17 3.500% Due 03-07-22

2023 Maturities 2,400,000 FEDERAL NATL 95.63 2,295,144 98.38 2,361,194 0.1 MTG ASSN, callable 2.550% Due 03-06-23 2,815,000 FEDERAL HOME LN 94.27 2,653,672 97.16 2,735,077 0.1 BKS callable 2.390% Due 04-10-23 4,948,816 5,096,271 0.2

5 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

2024 Maturities 2,225,000 UNITED STATES 99.13 2,205,531 101.85 2,266,198 0.1 TREAS NTS 2.375% Due 08-15-24 93,075,419 95,832,305 3.1

CORPORATE BONDS 2015 Maturities 1,000,000 MERCK & CO 96.67 966,650 100.67 1,006,717 0.0 4.750% Due 03-01-15 1,045,000 E.I. DUPONT DE 98.37 1,027,946 100.83 1,053,680 0.0 NEMOURS 4.750% Due 03-15-15 1,250,000 SHELL 102.07 1,275,925 101.27 1,265,833 0.0 INTERNATIONAL FINANCE 3.100% Due 06-28-15 2,000,000 JP MORGAN CHASE 96.24 1,924,760 102.78 2,055,610 0.1 & CO 5.150% Due 10-01-15 815,000 BANK OF AMERICA 100.44 818,553 100.41 818,342 0.0 1.500% Due 10-09-15 2,450,000 DIAGEO FINANCE BV 112.50 2,756,250 103.67 2,539,837 0.1 5.300% Due 10-28-15 8,770,084 8,740,018 0.3

2016 Maturities 1,500,000 ORACLE CORP 95.43 1,431,435 104.79 1,571,870 0.1 5.250% Due 01-15-16 2,000,000 CISCO SYSTEMS 101.75 2,035,030 105.50 2,110,036 0.1 5.500% Due 02-22-16 1,500,000 HOME DEPOT 100.83 1,512,405 105.53 1,582,973 0.1 5.400% Due 03-01-16 2,000,000 WELLS FARGO var 107.35 2,147,040 103.73 2,074,596 0.1 3.676% Due 06-15-16 2,000,000 CONOCOPHILLIPS 102.74 2,054,898 107.95 2,159,080 0.1 CANADA 5.625% Due 10-15-16 2,000,000 GENERAL ELECTRIC 106.57 2,131,480 103.99 2,079,752 0.1 CAPITAL CORP 3.350% Due 10-17-16

6 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

1,000,000 SIEMENS FINAN 102.98 1,029,820 108.12 1,081,182 0.0 5.750% Due 10-17-16 500,000 GULF POWER CO. 102.54 512,720 108.04 540,207 0.0 5.300% Due 12-01-16 1,000,000 WELLS FARGO 103.57 1,035,650 102.74 1,027,417 0.0 2.625% Due 12-15-16 13,890,478 14,227,112 0.5

2017 Maturities 1,500,000 GOLDMAN SACHS 95.76 1,436,460 107.26 1,608,896 0.1 GROUP INC 5.625% Due 01-15-17 2,000,000 TARGET CORP 98.18 1,963,660 109.19 2,183,852 0.1 5.375% Due 05-01-17 1,900,000 NEW YORK LIFE 99.69 1,894,015 100.76 1,914,463 0.1 GLOBAL 1.650% Due 05-15-17 1,500,000 BANK OF AMERICA 101.84 1,527,570 110.27 1,653,980 0.1 6.000% Due 09-01-17 1,500,000 DEUTSCHE BANK 108.81 1,632,195 111.09 1,666,329 0.1 AG LONDON 6.000% Due 09-01-17 1,500,000 MCDONALD'S CORP 102.65 1,539,690 111.76 1,676,334 0.1 5.800% Due 10-15-17 9,993,590 10,703,853 0.3

2018 Maturities 1,500,000 CREDIT SUISSE NEW 105.87 1,587,983 111.24 1,668,582 0.1 YORK 6.000% Due 02-15-18 1,500,000 MIDAMERICAN 101.29 1,519,275 111.30 1,669,518 0.1 ENERGY CO. 5.300% Due 03-15-18 1,000,000 PACIFICORP 104.92 1,049,180 112.97 1,129,696 0.0 5.650% Due 07-15-18 2,000,000 BP CAPITAL 100.47 2,009,340 100.28 2,005,656 0.1 MARKETS 2.241% Due 09-26-18 1,000,000 ERAC USA FINANCE 101.12 1,011,170 102.14 1,021,439 0.0 2.800% Due 11-01-18

7 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

1,900,000 SOUTH CAROLINA 107.14 2,035,688 112.87 2,144,460 0.1 ELECTRIC & GAS 5.250% Due 11-01-18 9,212,636 9,639,351 0.3

2019 Maturities 1,500,000 KINDER MORGAN 101.21 1,518,075 98.53 1,477,970 0.0 ENERGY 2.650% Due 02-01-19 1,000,000 NOVARTIS SECS 101.20 1,012,000 112.28 1,122,831 0.0 INVEST LTD 5.125% Due 02-10-19 1,500,000 HONEYWELL 99.40 1,491,045 112.09 1,681,374 0.1 INTERNATIONAL 5.000% Due 02-15-19 1,000,000 PRINCETON 101.17 1,011,660 111.98 1,119,755 0.0 UNIVERSITY, callable 4.950% Due 03-01-19 1,500,000 FORD MOTOR 100.84 1,512,630 99.30 1,489,557 0.0 CREDIT 2.375% Due 03-12-19 1,000,000 DUKE ENERGY OHIO 102.71 1,027,070 113.24 1,132,417 0.0 5.450% Due 04-01-19 1,500,000 CAPITAL ONE callable 101.19 1,517,775 99.77 1,496,564 0.0 2.450% Due 04-24-19 1,500,000 BB&T 113.12 1,696,770 118.63 1,779,470 0.1 6.850% Due 04-30-19 1,700,000 WESTPAC BANKING 104.52 1,776,789 111.58 1,896,799 0.1 4.875% Due 11-19-19 12,563,814 13,196,735 0.4

2020 Maturities 1,705,000 MOTIVA 106.78 1,820,565 111.58 1,902,420 0.1 ENTERPRISES 5.750% Due 01-15-20 2,146,000 VERIZON 98.51 2,114,000 98.86 2,121,465 0.1 COMMUNICATIONS 2.625% Due 02-21-20 1,705,000 FLORIDA POWER 100.56 1,714,497 109.97 1,875,031 0.1 CORP 4.550% Due 04-01-20

8 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

1,500,000 EMC CORP 99.22 1,488,300 99.52 1,492,782 0.0 2.650% Due 06-01-20 2,500,000 PNC FUNDING CORP 99.88 2,497,075 109.13 2,728,298 0.1 4.375% Due 08-11-20 1,700,000 WAL-MART STORES 94.54 1,607,163 104.60 1,778,198 0.1 3.250% Due 10-25-20 1,000,000 PUBLIC SERVICE 93.21 932,140 104.04 1,040,357 0.0 COLORADO 3.200% Due 11-15-20 12,173,740 12,938,551 0.4

2021 Maturities 1,700,000 METLIFE 101.95 1,733,218 111.77 1,900,112 0.1 4.750% Due 02-08-21 1,700,000 ARCHER-DANIELS 102.92 1,749,589 110.50 1,878,573 0.1 MIDLAND var 4.479% Due 03-01-21 1,000,000 ENCANA, callable 106.03 1,060,270 98.55 985,531 0.0 3.900% Due 11-15-21 4,543,077 4,764,216 0.2

2022 Maturities 1,000,000 CBS, callable 102.49 1,024,940 100.44 1,004,358 0.0 3.375% Due 03-01-22 1,000,000 ROWAN 110.42 1,104,230 97.31 973,081 0.0 COMPANIES, callable 4.875% Due 06-01-22 1,500,000 TIME WARNER 104.10 1,561,500 101.09 1,516,347 0.0 3.400% Due 06-15-22 2,685,000 CME GROUP 102.13 2,742,070 101.62 2,728,599 0.1 3.000% Due 09-15-22 1,500,000 JPMORGAN CHASE 100.42 1,506,360 100.58 1,508,738 0.0 & CO 3.250% Due 09-23-22 2,000,000 AT&T INC. callable 97.97 1,959,320 95.24 1,904,868 0.1 2.625% Due 12-01-22 9,898,420 9,635,991 0.3

9 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

2023 Maturities 1,500,000 METLIFE GLOBAL 94.63 1,419,450 99.48 1,492,184 0.0 FUNDING 3.000% Due 01-10-23 1,000,000 BANK OF AMERICA 99.54 995,410 100.01 1,000,077 0.0 3.300% Due 01-11-23 1,000,000 SUNOCO LOGISTICS 100.00 999,950 95.90 958,977 0.0 PARTNERS, callable 3.450% Due 01-15-23 2,000,000 GOLDMAN SACHS 102.24 2,044,700 101.26 2,025,244 0.1 GROUP 3.625% Due 01-22-23 1,000,000 ENERGY TRANSFER 100.60 1,006,030 96.77 967,668 0.0 PARTNERS, callable 3.600% Due 02-01-23 1,000,000 WELLS FARGO 102.01 1,020,110 101.35 1,013,494 0.0 3.450% Due 02-13-23 3,000,000 CITIGROUP INC 103.16 3,094,740 100.89 3,026,829 0.1 3.375% Due 03-01-23 2,250,000 BARRICK GOLD 96.93 2,181,015 97.32 2,189,696 0.1 4.100% Due 05-01-23 12,761,405 12,674,168 0.4

2024 Maturities 2,000,000 BURLINGTON 99.58 1,991,580 101.83 2,036,504 0.1 NORTHERN SANTA FE 3.400% Due 09-01-24 95,798,824 98,556,499 3.2

G N M A G N M A 1,912,259 G N M A POOL 103.84 1,985,762 104.95 2,006,916 0.1 #779081 3.000% Due 04-15-27 2,348,611 G N M A POOL 103.88 2,439,620 105.26 2,472,054 0.1 #MA0073 3.000% Due 05-20-27

10 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

1,235,427 G N M A POOL 103.31 1,276,351 105.28 1,300,682 0.0 #MA0987 3.000% Due 05-20-28 5,701,732 5,779,652 0.2 5,701,732 5,779,652 0.2

F N M A F N M A 950,219 F N M A POOL 104.91 996,839 106.97 1,016,478 0.0 #467458 var 4.130% Due 03-01-18 2,381,204 F N M A POOL 103.94 2,474,964 106.75 2,541,936 0.1 #467658 3.980% Due 04-01-18 976,515 F N M A POOL 101.53 991,468 106.23 1,037,313 0.0 #467728 3.540% Due 04-01-18 207,987 F N M A POOL 99.95 207,889 105.10 218,600 0.0 #254952 4.500% Due 11-01-18 635,247 F N M A POOL 104.94 666,612 103.71 658,827 0.0 #470282 2.880% Due 01-01-19 364,864 F N M A POOL 103.87 379,003 103.27 376,795 0.0 #470344 2.740% Due 01-01-19 4,448,459 F N M A POOL 105.80 4,706,331 103.44 4,601,664 0.1 #470980 2.680% Due 04-01-19 1,899,950 F N M A POOL 101.88 1,935,574 102.39 1,945,359 0.1 #471184 2.440% Due 05-01-19 989,095 F N M A POOL 104.70 1,035,613 101.76 1,006,453 0.0 #471312 2.300% Due 05-01-19 1,500,000 F N M A POOL 96.30 1,444,453 98.83 1,482,405 0.0 #AM0983 1.740% Due 11-01-19 1,435,713 F N M A POOL 102.11 1,465,997 98.96 1,420,738 0.0 #AM1189 1.680% Due 11-01-19

11 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

2,926 F N M A POOL 100.00 2,926 111.96 3,275 0.0 #050310 10.000% Due 05-01-20 1,022,398 F N M A POOL 103.31 1,056,265 100.71 1,029,678 0.0 #AM3399 2.180% Due 05-01-20 2,907,190 F N M A POOL 99.73 2,899,468 97.77 2,842,418 0.1 #AM3475 1.550% Due 06-01-20 995,259 F N M A POOL 103.40 1,029,121 99.52 990,452 0.0 #AM0640 2.210% Due 05-01-21 2,500,000 F N M A POOL 101.06 2,526,563 102.45 2,561,250 0.1 #AM5514 2.700% Due 08-01-21 1,481,995 F N M A POOL 101.56 1,505,151 103.21 1,529,537 0.0 #470706 2.920% Due 03-01-22 860,630 F N M A POOL 104.63 900,434 105.15 904,978 0.0 #471081 3.240% Due 04-01-22 1,103,288 F N M A POOL 105.45 1,163,452 103.40 1,140,811 0.0 #471739 2.930% Due 06-01-22 1,000,000 F N M A POOL 103.62 1,036,172 101.21 1,012,090 0.0 #471745 2.750% Due 08-01-22 699,380 F N M A POOL 104.27 729,268 104.45 730,475 0.0 #MA1551 3.000% Due 08-01-23 530,534 F N M A POOL 101.73 539,735 111.75 592,871 0.0 #255047 5.500% Due 01-01-24 231,780 F N M A POOL 104.12 241,341 110.40 255,892 0.0 #255271 5.000% Due 06-01-24 2,493,755 F N M A POOL 101.09 2,521,030 103.23 2,574,303 0.1 #AM6704 3.100% Due 10-01-24 58,949 F N M A POOL 98.38 57,991 112.41 66,265 0.0 #346951 7.500% Due 05-01-26

12 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

482,920 F N M A POOL 98.67 476,506 110.77 534,911 0.0 #744602 5.000% Due 10-01-33 108,423 F N M A POOL 101.13 109,643 110.63 119,950 0.0 #773717 5.000% Due 04-01-34 1,264,145 F N M A POOL 105.91 1,338,809 106.55 1,346,922 0.0 #AL0037 var 2.542% Due 09-01-35 229,605 F N M A POOL 100.18 230,018 107.65 247,172 0.0 #879091 var 5.554% Due 06-01-36 34,668,637 34,789,819 1.1 34,668,637 34,789,819 1.1

F H L M C F H L M C 18,643 F H L M C POOL 101.13 18,853 103.83 19,357 0.0 #E88726 6.000% Due 04-01-17 22,797 F H L M C POOL 100.73 22,964 105.77 24,112 0.0 #E01162 5.500% Due 05-01-17 342,198 F H L M C POOL 101.27 346,529 105.09 359,630 0.0 #E96445 5.000% Due 06-01-18 251,970 F H L M C POOL 99.86 251,615 105.03 264,654 0.0 #E01489 4.500% Due 11-01-18 166,344 F H L M C POOL 99.89 166,162 105.91 176,179 0.0 #B13421 4.000% Due 04-01-19 3,718 F H L M C POOL 99.97 3,717 111.22 4,135 0.0 #360106 10.000% Due 05-01-20 75,674 F H L M C POOL 99.47 75,272 111.53 84,400 0.0 #C90570 5.500% Due 06-01-22 528,656 F H L M C POOL 104.19 550,794 110.23 582,743 0.0 #C90719 5.000% Due 10-01-23

13 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

30,244 F H L M C POOL 95.81 28,977 116.32 35,178 0.0 #C80396 7.000% Due 04-01-26 198,904 F H L M C POOL 97.44 193,807 111.71 222,185 0.0 #C91033 5.500% Due 06-01-27 217,416 F H L M C POOL 98.50 214,155 110.64 240,553 0.0 #A15349 5.000% Due 11-01-33 1,872,846 2,013,127 0.1 1,872,846 2,013,127 0.1

S B A S B A 629,607 S B A POOL #509118 108.00 679,976 105.13 661,900 0.0 var 3.825% Due 08-25-19 1,897,872 S B A POOL #509124 108.13 2,052,074 107.20 2,034,557 0.1 var 2.575% Due 10-25-36 2,732,050 2,696,457 0.1 2,732,050 2,696,457 0.1

C M O / A B S C M O / A B S 1,000,000 C M O F N M A 106.98 1,069,766 102.46 1,024,570 0.0 2011-M7 A2 2.578% Due 09-25-18 577,443 C M O F H L M C 99.81 576,361 101.42 585,654 0.0 3649- HB 2.000% Due 11-15-18 627,251 S B I C 2010-10B A 104.25 653,909 102.56 643,292 0.0 3.215% Due 09-10-20 252,106 S B A P 2004-20C 1 107.50 271,014 104.99 264,689 0.0 4.340% Due 03-01-24 856,740 S B A P 2004-20L 1 106.62 913,499 107.11 917,696 0.0 4.870% Due 12-01-24 720,372 S B A P 2005-20E 1 106.50 767,196 107.58 774,993 0.0 4.840% Due 05-01-25

14 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

3,000,000 C M B S FORD 100.94 3,028,125 100.53 3,016,020 0.1 CREDIT AUTO 2014-1A 2.260% Due 11-15-25 673,294 S B A P 2006-20L 104.66 704,645 108.53 730,706 0.0 5.120% Due 12-01-26 1,585,745 S B A P 2008-20B 1 107.30 1,701,579 110.52 1,752,580 0.1 5.160% Due 02-01-28 1,722,181 S B A P 2009-20H 1 109.00 1,877,177 108.92 1,875,715 0.1 4.450% Due 08-01-29 2,129,658 S B A P 2009-20I 1 103.25 2,198,872 107.82 2,296,110 0.1 4.200% Due 09-01-29 1,458,957 S B A P 2010-20I 1 101.41 1,479,473 103.36 1,507,906 0.0 3.210% Due 09-01-30 630,607 C M O G N M A 97.75 616,419 101.92 642,690 0.0 2003-66 EH 5.000% Due 05-20-32 1,770,639 S B A P 2012-20G 1 101.47 1,796,645 98.82 1,749,710 0.1 2.380% Due 07-01-32 3,250,000 C M B S G S 103.50 3,363,750 104.20 3,386,370 0.1 2012-ALOH A 3.551% Due 04-10-34 3,200,000 C M B S G S 99.00 3,168,000 99.84 3,194,880 0.1 2012-BWTR A 2.954% Due 11-07-34 82,654 C M O G N M A 102.69 84,875 100.10 82,735 0.0 2009-93 EJ 3.500% Due 05-20-35 909,773 C M O F N M A 99.25 902,949 102.63 933,690 0.0 2006-117 PD 5.500% Due 07-25-35 419,334 C M O F H L M C 106.16 445,150 101.96 427,562 0.0 3986 P 4.000% Due 03-15-39 361,379 C M O F N M A 105.87 382,610 103.92 375,531 0.0 2010-57 AP 4.500% Due 08-25-39 1,400,000 C M B S J P M C 107.00 1,498,000 100.17 1,402,422 0.0 2005-LDP2 A4 4.738% Due 07-15-42

15 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

2,210,733 C M B S B S C M S 99.94 2,209,352 101.69 2,248,006 0.1 2005-T20 A4A var 5.302% Due 10-12-42 2,557,883 C M B S G S 2010-C1 105.48 2,697,967 103.51 2,647,767 0.1 A1 var 3.679% Due 08-10-43 2,809,714 C M O F N M A 102.63 2,883,469 103.93 2,920,248 0.1 2013-130 VN 3.000% Due 10-25-43 2,000,000 C M B S M L M T 103.77 2,075,469 103.54 2,070,880 0.1 2005-LC 1 var 5.452% Due 01-12-44 2,291,498 C M B S J P M C C 100.33 2,299,017 101.67 2,329,858 0.1 2005-LDP5 A4 var 5.345% Due 12-15-44 2,000,000 C M B S J P M C C 104.38 2,087,500 104.47 2,089,340 0.1 2012-C6 A3 3.507% Due 05-17-45 1,000,000 C M B S J P M C C 103.00 1,030,000 100.58 1,005,840 0.0 2012-C8 A2 1.797% Due 10-15-45 1,690,000 C M B S W F R B S 102.55 1,733,042 100.25 1,694,293 0.1 2012-C10 A2 1.765% Due 12-15-45 2,965,000 C M B S J P M C C 108.11 3,205,463 106.86 3,168,340 0.1 2011-C4 A3 4.106% Due 07-15-46 1,770,087 C M B S G N M A 102.53 1,814,892 104.30 1,846,218 0.1 2011-42 B 4.030% Due 07-16-47 437,554 C M B S B S C M S 106.16 464,525 100.53 439,869 0.0 2007-PW17 A3 5.736% Due 06-11-50 50,000,709 50,046,179 1.6 50,000,709 50,046,179 1.6

THE COCA-COLA COMPANY 62,240,365 THE COCA-COLA 0.90 56,076,598 42.22 2,627,788,210 84.2 COMPANY

16 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 2, Part II, Lines 2 and 10 a,b,c Statements 10, 11, 12 PORTFOLIO APPRAISAL - SETTLED TRADES December 31, 2014

Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets

COMMON STOCK 20,968 AGL RESOURCES INC 20.26 424,710 54.51 1,142,966 0.0 140,463 AMERICAN EXPRESS 6.11 858,394 93.04 13,068,678 0.4 28,092 AMERIPRISE 4.35 122,289 132.25 3,715,167 0.1 FINANCIAL INC 79,500 AT&T INC 5.48 435,807 33.59 2,670,405 0.1 68,624 BANK OF AMERICA 5.32 364,860 17.89 1,227,683 0.0 CORPORATION 25,728 BRISTOL-MYERS 2.56 65,803 59.03 1,518,724 0.0 SQUIBB 4,910 DOMINION 4.74 23,281 76.90 377,579 0.0 RESOURCES INC 20,210 DU PONT DE 29.59 597,963 73.94 1,494,327 0.0 NEMOURS & CO 62,915 DUKE ENERGY 22.78 1,433,093 83.54 5,255,919 0.2 261,280 EXXON 8.28 2,163,465 92.45 24,155,336 0.8 9,601 FRONTIER 3.74 35,886 6.67 64,039 0.0 COMMUNICATIONS 230,352 GENERAL ELECTRIC 3.13 721,909 25.27 5,820,995 0.2 302,053 JP MORGAN CHASE 6.99 2,110,367 62.58 18,902,477 0.6 & CO 119,700 NORFOLK 7.36 881,125 109.61 13,120,317 0.4 SOUTHERN 78,800 PFIZER 17.66 1,391,608 31.15 2,454,620 0.1 320,000 PROCTER & GAMBLE 3.47 1,111,230 91.09 29,148,800 0.9 90,160 SOUTHERN 9.07 818,143 49.11 4,427,758 0.1 COMPANY 16,000 SPECTRA ENERGY 6.42 102,720 36.30 580,800 0.0 CORP 715,562 SUNTRUST BANKS 8.28 5,922,572 41.90 29,982,048 1.0 39,928 UNITED 3.65 145,922 115.00 4,591,720 0.1 TECHNOLOGIES 40,000 VERIZON 13.62 544,731 46.78 1,871,200 0.1 COMMUNICATIONS 20,275,879 165,591,557 5.3

TOTAL PORTFOLIO 398,488,755 3,121,387,143 100.0

17 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 4, Part VII-A, Line 3 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 4, Part VII-A, Line 3 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 4, Part VII-A, Line 3 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 4, Part VII-A, Line 3 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 4, Part VII-A, Line 3

Director’s 2014 Annual Report to the Trustees of Ichauway, Inc.

photo by Richard T. BryantBryant

AprilApril 7, 2015 photo by Richard T. Bryant Submitted by Lindsay R. Boring, Ph.D. Director

ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Introduction and Summary

The Joseph W. Jones Ecological Research Center at Ichauway seeks to understand, to demonstrate, and to promote excellence in natural resource management and conservation of the landscape of the southeastern Coastal Plain of the United States.

Our 2014 Jones Center activities included numerous major achievements in research, education and conservation highlighted below, as well as planning and infrastructure development projects that signiﬁ cantly augmented our core stafﬁ ng and facilities. Dr. Steven Brantley joined us in September and will conduct research in ecohydrology. Our staff number 87 full-time personnel, including six senior research scientists, three senior education staff, professional land managers, plus an additional twenty graduate students supplemented by over 50 outside collaborators. We hosted approximately 771 visitors/students on-site for our education and outreach programs.

We completed a major renovation to our research building this year, which added a 90-seat auditorium, a new conference room, a reception area and atrium and redesigned Information Technology ofﬁ ces and space. The Conservation program provided quality heart pine woodwork for much of the new facility through our timber salvage operations, lumber milling and quality control inspections throughout the project. This updated facility will greatly enhance our seminar speaker program, our teleconferencing options and our ability to comfortably host larger groups of people for research and education programs.

Scientiﬁ c Advisory Committee (SAC)

The SAC members, Bob Larimore, Gene Likens (Founding Member), Bob Naiman (Chair), Brian Richter, Nova Silvy and Jim Vose, convened at Ichauway February 9-12, 2015. The SAC spent this period in meetings, discussions and ﬁ eld tours with members of the Robert W. Woodruff Foundation (RWWF), Center staff, graduate students and support personnel.

The following is quoted from the overview of the SAC report from February 2015:

“We continue to be extremely pleased by the continuing intellectual growth, productivity and maturity of the Center’s programs and staff. The SAC has stressed the need for greater integration and synthesis among the various research, conservation and education programs for many years and we note the outstanding progress, particularly during the past few years as the programs have matured and partnerships formed. While we believe there is still much to be achieved, we compliment the Center and its staff on their outstanding progress. Further, we are appreciative of the time and effort expended in organizing and perfecting the presentations, posters and tours during our meeting. We judge the overall atmosphere at the Center for scholarly inquiry and collaboration to be collegial and

2 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015 supportive. We see the next major challenges as being the recruitment of a scientist to ﬁ ll the Forest Ecology position, increasing publications in high-quality, peer- reviewed journals and publishing long-term monitoring data.”

Research

General

The past year has been dynamic and full of planning activities and the addition of key new staff. Further planning and stafﬁ ng in 2015 will provide a solid foundation for growing our future research directions. Our current research projects are highly productive in scientiﬁ c output, graduate students and application. Our efforts have achieved high levels of impact upon natural resource conservation and management, and the program excellence has been recognized regionally and nationally. This is due in part to the quality of research and knowledge that are contributed by the research staff.

Center funded long-term research is organized into fi ve fl agship projects, described in more detail below. These projects are led by our scientists but were enhanced by three visiting scientists, over 50 other collaborators, twenty graduate students, and eight new external research grants awarded in 2014. Education activities and events are associated with each project and facilitate the sharing of information from the project with student and professional groups. Long-term research projects are provided with stable funding and are reviewed, revised and renewed on fi ve year cycles. In the Center’s twenty-one years of research many of these projects now have longevity of data records which provide unique and highly valuable scientifi c and applied insights. Most exceed those of the usual research projects conducted elsewhere, which are generally short-term and funded annually or in two to three-year spans.

The relatively small wildlife program led by our two scientists is innovative and has matured to effectively integrate a large team of graduate students and outside cooperators. They are producing broad research that has great application and impact upon management of rare wildlife species as well as species such as whitetail deer and their predators.

The forest ecology and Flint River Basin projects are both continuing long-term research and partnerships, but they are in transition following the passing of one scientists and the retirement of another. Replacement of scientists is very important to provide new ideas and expertise on both projects. With one new scientist, Steven

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Brantley, already on board we have a powerful research linkage between forests and streams as he researches water budgets of ecosystems and the effects of land use upon water yields into streams and aquifers. However, we have other research opportunities and needs for the future with this turnover of senior researchers, and we will continue to search for a new Forest Ecologist in 2015.

Research Projects

The long-term research projects are complemented with additional but related externally funded projects that either expand our Ichauway projects, or extend our studies to be regional in scope with other valuable sites, cooperators and issues outside of Ichauway. In 2014 these were key project goals and achievements for each long-term project:

1) Ecosystem Dynamics of Frequent-Fire Longleaf Pine Woodlands Investigators: Lindsay Boring, Kay Kirkman, Steven Brantley and Mike Conner

This is a broad long-term research project that began twelve years ago with the goal to understand the complex feedback mechanisms between fi re regime, site resources, productivity, and species in frequent-fi re longleaf pine ecosystems. The results have been published steadily over the years, and have been central to our knowledge of longleaf ecosystem structure and function to guide more recent forest management and restoration initiatives. The original project, often referred to as the “Forest Productivity and Biodiversity Project”, provided an extensive research platform, created numerous opportunities for outside collaboration, supported many graduate students, and developed valuable long-term data sets. These originally included data related to species richness of fl ora and key fauna, forest composition and structure, controls on productivity, longleaf site variability, processes controlled by fi re and shifted by fi re suppression, and effects of N enrichment and increased water on ecosystem processes and composition.

Three years ago we ceased the costly fertilization and irrigation treatments but retained the mesic and xeric reference sites along with the ﬁ re suppression treatments. In 2015 we will add a ﬁ re restoration treatment to the study to examine the effects of reintroduced burning into mesic and xeric longleaf that has a ten year old successional midstory of oaks and shrubs. We refer to this component as the “Fire Exclusion and Restoration” study.

In addition to this component, six years ago Bob Mitchell developed a group of outside collaborators to pursue research objectives related to “Fire and Water Controls on Carbon Dynamics” of longleaf pine. This study uses two central

eddy covariance towers, data from the above study, and soil CO2 measurements located on the xeric and mesic longleaf pine reference plots. The tower

technology and CO2 measures with PI Greg Starr are partially supported by an external DOD grant, and the ﬁ eld sampling is maintained in conjunction with the other Jones Center research components. 4 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

• We found that aboveground productivity and N cycling increased with ﬁ re exclusion and N addition resulting from signiﬁ cant development of oak midstory and increased litter inputs, but groundcover species richness and productivity declined.

• High plant species richness and coexistence in reference longleaf forest is determined by seed supply relative to episodic soil moisture availability, fi re contributing to stochastic seed and seedling mortality, and some fi re infl uence on scarifying hard seedcoats of specialized plants such as legumes.

• Species richness is enhanced by irrigation and declines sharply with ﬁ re exclusion, with water supply more important than seed supply for seedling establishment in droughty, sandy soils. Fire has a greater inﬂ uence than productivity patterns upon biodiversity.

• More than a decade of fi re exclusion resulted in substantial declines in small mammal populations, presumably due to loss of herbaceous ground cover. Avian species richness within the longleaf pine matrix appears more related to site productivity than fi re exclusion; species richness is greater in mesic than in xeric sites. However, fi re suppression has potentially shifted avian species composition with some grassland specialists becoming less common and species typically associated with hardwoods becoming more common when fi re is excluded.

• A recent paper in New Forests by Greg Starr found that our xeric longleaf site was carbon neutral and our mesic site was a moderate sink of carbon during one year of study. However, with C losses from burning subtracted from net ecosystem exchange rates both sites became moderate carbon sources for that year. Longer term study periods are needed as well as a broader understanding of other complex interactions between ﬁ re and carbon dynamics.

• Bob Mitchell’s last publication was in Forest Ecology and Management and it resulted from a technical input report on Fire and Climate Interactions written for the National Climate Assessment, with the US Global Change Research Program. In the review he and the six other coauthors synthesized climate change-ﬁ re interactions, discussed the impacts of uncertainty in a human dominated landscape, and examined how climate change projections and uncertainties might impact our ability to manage forests in the southeast.

• With Alabama and USFS cooperators the Center received $169,000 in DOD funding to support a large portion of the carbon research related to maintaining the eddy covariance tower efforts over 2014-2016.

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• Dr. Steven Brantley’s new research on forest ecophysiology, tree stress, and ecohydrology will address the effects of ﬁ re suppression and ﬁ re reintroduction on longleaf pine forest health and hydrologic processes, and track the changes over time in comparison to the reference conditions on mesic and xeric sites.

• We added new UGA collaborating entomologist Dr. Kamal Gandhi and a new PhD. Student to work with Dr. Brantley to address tree physiological health, susceptibility of longleaf pines to bark beetle attack under burned, ﬁ re- suppressed and ﬁ re restoration treatments on mesic and xeric sites.

2) Ecological Forestry in the Longleaf Pine Forest Type Investigators: Mike Conner, Steve Jack, Kay Kirkman, Kevin McIntyre and Lora Smith

The Jones Center is well-positioned to help answer emerging restoration and management questions due to both a substantial body of research and the exemplary forest and wildlife management experience on Ichauway. The goal for this project is to meet the challenge of providing sound management information supported by a strong scientiﬁ c understanding through coordinated research, outreach and demonstration efforts. The two project focal areas are: 1) management of longleaf plantations to achieve a multi-aged condition sustained by natural regeneration and a diverse plant community, and assessment of wildlife community use at different stages of stand development during the restoration process; and 2) how landscape scale changes in landcover, created by both natural disturbance and management, affect animal populations and communities at a larger scale. The majority of the project efforts to-date have addressed the ﬁ rst of these two focal areas.

• We developed an outline for a book on restoration of longleaf pine ecosystems with a major focus on synthesis of Jones Center work from the last 20 years; proposal is in preparation for identiﬁ ed publisher.

• We re-measured all mapped trees and re-sampled groundcover vegetation in the Long Term Ecological Forestry plots.

• We initiated longleaf pine thinning treatments for the long term restoration project and stands were prepared for ground cover seeding.

• We collected over 300 pounds of native ground cover seed from the native seed garden and natural longleaf pine stands for use in proposed restoration studies.

• We implemented an externally funded study to compare native groundcover ecotypes in four common gardens: Georgia (Ichauway), South Carolina, Florida, and Mississippi. We will address ecological and other issues related to seed transfer zones.

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• We re-sampled vegetation at St. Marks National Wildlife Refuge in a ﬂ atwoods longleaf pine site after ﬁ fteen years following stand conversion treatments.

• An M.S. graduate student is currently examining the composition of native bees in a gradient of longleaf pine restoration stages, which will help to identify potential long term monitoring goals.

• Funding was obtained to integrate long-term monitoring and research data to develop wildlife-habitat relationship models for open-pine grassland systems. These will be used to evaluate effective desired landscape conditions as predictors of wildlife occurrence.

• A landscape-level tick population model was developed to identify the relationship between ticks and prescribed ﬁ re which suggests that burning as little as 10% of the landscape may have substantial impact on landscape-level tick abundance.

• Soils were sampled in the long-term restoration plantation and old ﬁ eld stands to establish a baseline carbon and nitrogen proﬁ le prior to thinning and/or planting.

3) Ecological Role of Mesopredators, the Effects of Mesopredator Control and Habitat Approaches for Managing Predation Investigators: Mike Conner and Lora Smith

• Continued monitoring small mammals, gopher tortoise, and snake populations within the exclosure and control plots.

• Completed analyses of data collected in 2012/2013 on the combined effects of red imported ﬁ re ants (RIFA) and predators on cotton rat and eastern fence lizard recruitment and survival.

• Completed data analyses associated with wild turkey nest success and have begun work on a model of nest site selection relative to predation risk.

• Completed data collection of 33 GPS tagged coyotes and 24 white-tailed deer.

• Completed data analysis of predator exclosure impacts on white-tailed deer recruitment.

• Began a collaborative study (JWJERC, UGA, GA DNR) to develop a camera monitoring approach to estimate white-tailed deer abundance and recruitment.

• Began collaborative research (JWJERC, UGA, FL FWC, NPS, USFWS) to study deer response to hydrology, predators and human activity to better understand how these activities may impact Florida panthers.

7 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

• Captured and placed GPS transmitters on gray foxes (24 to date).

• Initiated a study to evaluate the role of mesopredators and RIFA as scavengers.

• Continued data collection associated with long-term population ecology and large-scale movement patterns of gopher tortoises.

• Collected data to evaluate whether mesopredator exclusion affects foraging behavior.

• We found evidence that RIFA signiﬁ cantly impact the behavior of native vertebrates (Southern toads and cotton rats as models) and that RIFA can have signiﬁ cant impacts on recruitment (fence lizard model) and survival (cotton rat model) of native vertebrates.

• We found that mesopredator exclusion signiﬁ cantly affects small mammal body mass, presumably the result of altered foraging behavior.

• We found that artiﬁ cial gopher tortoise nests at burrows experience greater predation than nests located at other sites, suggesting that burrows offer a visual cue to predators. Nine-banded armadillos were the major predator of tortoise nests at Ichauway.

• Preliminary data analyses suggests that snake abundance within mesopredator exclosures is greater than in controls, providing an explanation for similar population dynamics of some small mammal populations relative to exclosure treatment.

• Observational data suggested that predation risk decreased white-tailed deer reproduction, indicating that predation risk affects reproduction rates, possibly via tradeoffs associated with anti-predator behaviors. Related research suggested that our mesopredator exclosures produced an estimated twenty additional fawns/year. Although increased fawn survival contributed to this increase, the greatest impact resulted from adult females preferentially using exclosures as parturition cites. This illustrates the importance of predation risk as a driver of prey space use.

4) Hydrologic Variation and Human Development in the Lower Flint River Basin Investigators: Steve Golladay, Paul McCormick and Steven Brantley

Our ongoing research is assessing the effect of water withdrawals and land use on water resources of the lower Flint River Basin (FRB). Since the 1970’s, population growth and rapid expansion of irrigated agriculture in southwestern

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Georgia have led to increased water demands from agriculture, industry, and municipalities. These increased demands have stressed regional water resources, particularly during droughts, and likely have negatively impacted aquatic biota and ecosystem services. Our research addresses three fundamental questions associated with human activity in the lower FRB: (1) how does human land use and appropriation of water inﬂ uence water availability and water quality in the lower FRB; (2) how does intra- and inter-annual variation in water availability affect aquatic ecosystems of the lower FRB; and (3) what are the characteristics of environmental ﬂ ow regimes necessary to provide for human demand while maintaining ecosystem integrity and services.

• A geospatial model (Soil Water Assessment Tool) was parameterized and calibrated to explore landuse-landcover infl uences on water availability and water quality in the Ichawaynochaway watershed. This model will be used to identify landscape factors infl uencing streamfl ows and to predict effects of future landuse and climate scenarios on stream conditions.

• Development of a GIS tool was begun to characterize water-use (e.g., ET) signatures for different landscape types within the Ichawaynochaway watershed. This tool will be used to assess the effects of future landuse changes (e.g., increased acreage of restored longleaf pine, riparian easements, and other landowner incentives) on seasonal and annual water yields.

• An analysis of the effects of streamﬂ ow alterations on instream habitat availability has been completed for the Ichawaynochaway watershed. Results of this analysis were presented at an international meeting and are contained in a draft manuscript to be submitted in early 2015.

• Two graduate students have completed their ﬁ eld data collection, which is focused on quantifying the effects of reduced and intermittent streamﬂ ow on biological assemblages (periphyton, macroinvertebrates) in the lower Flint River Basin. Two draft manuscripts have been produced based on the results of this work. Two other grad students have or are completing their graduate research on the function of Lake Seminole. Two new graduate students are being recruited through UGA Coop.

• Stream-water ion chemistry was evaluated as a means of identifying water sources contributing to stream ﬂ ows under different watershed hydrologic conditions. Analyses revealed clear spatial and temporal patterns that can be used to identify the water sources contributing to different portions of the stream hydrograph.

• A Ph.D. Student working on Lake Seminole was awarded an NSF Doctoral Dissertation Improvement Grant to support studies of invasive species effects on lake function. 9 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

• During summer 2014, we participated in 2 multi-institutional, interdisciplinary teams that developed USDA NIFA research proposals evaluating effects of agriculture and agriculture management on water quality and quantity in the ACF Basin.

• An M.S. Student was awarded the best student presentation for work on invasive species in Lake Seminole at the Florida Lake Management Society Annual Meeting in 2014.

• A multi-year study was completed on the responses of freshwater mussels to drought and agricultural water conservation measures in critical habitat areas of the lower Flint. Results were presented to funding agencies, Florida Water Resource Conference, and Georgia Water Resource Conference (2015).

• Served as Technical Advisor and Liaison for the ACF Stakeholders group; helped identify information needs and contributed to development of a draft plan for water allocation in the ACF Basin.

• A case study of ecological risk was completed for the upper and lower Flint using sustainable boundary methodology for inclusion in the Ichauway Conference manuscript and presentation at the Georgia Water Resources Conference.

• Serving on the Technical Planning Committee for the 2015 Georgia Water Resources Conference.

5) Depressional Wetlands in the Coastal Plain Landscape Investigators: Kay Kirkman, Lora Smith and Steve Golladay

This long-term study is designed to enhance the understanding of wetland functions and services that could provide future policy guidance relative to wetland conservation issues (at federal and state levels). This study integrates investigations of the functional role of wetlands in the region, speciﬁ cally with the goals to: 1) provide new information related to linkages of isolated wetlands to the regional watershed and jurisdictional waters; and 2) relate wetland ecosystem services to human health and well-being; and 3) determine the relationship between wetland condition and ecosystem services using Ichauway wetlands as reference conditions for evaluating functions and services of wetlands across a gradient of wetland alteration in the region. Long-term monitoring of wetland water levels, water quality and biota (plants and invertebrates including mosquitoes, ﬁ sh, amphibians and birds) at reference wetlands is ongoing.

• We documented movement of fi shes between isolated wetlands in ephemeral stream channels that identifi es the importance of landscape connectivity in conservation of biological diversity and demonstrates a signifi cant nexus between isolated wetlands and ”Waters of the United States.”

10 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

• A Ph.D. student is currently examining episodic hydrologic connectivity of geographically isolated wetlands with surface waters using long term hydrologic data and on-going water quality data, adding to policy debate over the deﬁ nition of “Waters of the United States “ based on critical wetland linkages.

• An M.S. student research project is determining impacts of agricultural land use on ecosystem functions of isolated wetlands, speciﬁ cally identifying effects on amphibian dispersal corridors and genetic diversity.

• We published research identifying unique mosquito habitat selection of wetlands impacted by agricultural nutrient amendments.

• We submitted a paper to the Proceedings of the National Academy of Sciences deﬁ ning geographically isolated wetlands as critical to conservation of ecosystem functions, addressing the deﬁ nition of “Waters of the United States”.

• An NSF proposal was submitted to develop a regional and international research coordination network to engage a group of multidisciplinary scientists in examining the functions and connectivity of geographically isolated wetlands across the North American landscape.

• A pre-proposal was submitted to NSF to quantify the ﬂ ux of energy and nutrients between uplands and wetlands through wetland-breeding amphibian communities. An M.S. student will be recruited in 2015 to collect preliminary data on this topic.

Productivity

Our research program continues to achieve a high level of productivity in spite of the loss of a senior scientist months ago. However, we will continue to work toward more ﬁ rst authored papers and publish a synthesis book on longleaf pine restoration and ecology during the next two years. In 2014 our Staff published or had in press 28 articles in peer-reviewed research journals or book chapters, and eleven outreach and other publications. Numerous presentations were given by staff and graduate students at national and regional professional meetings. A total of twenty graduate students from our universities were supported by the Center in this past year.

External Support and Collaboration

Our staff has secured external funding from fourteen agencies for a total of twenty-four projects for research and outreach programs that are compatible with organizational objectives. These awards, spanning multiple years, totaled $3,468,602. The total received in 2014 was $696,037.

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1. Florida Fish and Wildlife Conservation Commission (1) 2. National Fish and Wildlife Foundation (NFWF) (2) 3. National Science Foundation (2) 4. US Fish and Wildlife Service (3) 5. US Department of Defense Strategic Environmental Research and Development Program (DOD-SERDP) (1) 6. US Department of Defense (1) 7. Georgia Department of Natural Resources (1) 8. University of Georgia (4) 9. USDA Forest Service (2) 10. The Nature Conservancy (3) 11. National Wild Turkey Federation (1) 12. R. Howard Dobbs Foundation (1) 13. Environmental Protection Agency (1) 14. Valdosta State University (1)

Education and Outreach

General

Our Education and Outreach program had a very active year in 2014 with 41 groups and 711 participants visiting the Center for workshops, fi eld tours, university accredited Maymester courses, continuing education courses and special events. University students comprised 36% of our total participants, with natural resource professionals making up the other 64%. Natural resource professionals represent federal and state agencies and non-governmental conservation groups and are actively engaged in on-the-ground management as well as policy decisions about natural resource management in Georgia and across the Southeast. The average contact time for visitors this past year was 2.1 days each. All staff participated in these programs, which are generally led and coordinated by Education Staff. Both Research and Conservation staff are key participants, and most have these activities included as supplemental parts of their job descriptions. There are also signifi cant contributions that the Jones Center makes regionally and nationally by participating in off-site regional and national meetings, partnering with other organizations, and as science and conservation advisors on topics such as regional water resources, longleaf pine restoration and management and prescribed fi re. Highlights on several of these topics are below with details listed in the Appendix.

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On-Site Education and Outreach Activities

A total of ten university student groups attended Center short courses, ﬁ eld tours and other events, with visits ranging from one to three days. Field trip topics included forest ecology, ﬁ re ecology, wildlife management, forestry, conservation biology, wetland ecology, hydrology and aquatic ecology. Six different universities were represented this past year, with most groups from University of Georgia and the University of Florida. Other groups included Abraham Baldwin Agricultural College, the University of the South, Berry College and Arkansas Tech.

We conducted three week-long “Maymester” classes for the University of Georgia (UGA) and the University of Florida (UF) as two semester hour courses for advanced undergraduates and graduate students. The courses were Prescribed Fire, Coastal Plain Ecosystems and Wildlife Field Methods.

Our education/outreach events and advisement for natural resource professionals, agencies and other organizations have steadily grown to comprise 64% of our total annual attendance. The diversity of our staff permits us to offer a broad range of on-site activities and events, especially in the areas of prescribed ﬁ re, ecological restoration, ecology and management of longleaf pine, imperiled species management and water resource issues.

Highlights of our on-site events in 2014 included a major workshop as part of a project examining the role of large-acreage private landowners in longleaf and the economic considerations related to that group of landowners. Center staff led multiple workshops for natural resource professionals working with conservation efforts related to the gopher tortoise, a candidate for federal listing as a threatened species. Other workshops for natural resource professionals were held on diverse topics such as ecological forestry, native groundcover identiﬁ cation and restoration, prescribed ﬁ re, freshwater mussel conservation and climate change.

Off-Site Education and Outreach Activities

Our off-site advisement and outreach to natural resource professionals, agencies, policy makers and conservation groups continued in 2014 with our leadership and participation in several regional conservation partnerships. These are signiﬁ cant contributions focused largely upon regional restoration and management efforts with longleaf pine (e.g. Longleaf Partnership Council, America’s Longleaf Restoration Initiative), the Georgia Prescribed Fire Council and the National Coalition of Fire Councils and water resource advisory roles with Apalachicola-Chattahoochee-Flint Basin issues for state and federal agencies and non-governmental organizations. Off-site longleaf pine conservation and restoration activities included meetings and events starting with the Longleaf Partnership Council. This group collaborates in the implementation of the 2009 Range-wide Conservation Plan for Longleaf Pine

13 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015 which seeks to double the acreage of longleaf from four to eight million acres by 2025. Center staff has been actively engaged in this federal/state/private partnership since it began in 2007. This past year, the Center Education Coordinator served as Chair-elect of the Longleaf Partnership Council, rotating into the Chair position in October of 2014. Center staff also served in leadership roles in regional restoration and management planning initiatives with the Chattahoochee Fall Line Conservation Partnership, Apalachicola Regional Stewardship Alliance and the South Carolina Lowcountry Forest Conservation Partnership. Advisory visits were also made to other U.S. Forest Service and National Fish and Wildlife Foundation events.

Our Outreach staff provides leadership to the Georgia Prescribed Fire Council and to the national Coalition of Prescribed Fire Councils. We also support the national efforts that are related to policies for smoke management from wildland fi res and the Southeast Regional Partnership for Planning and Sustainability, which helps coordinate regional decision making among agencies. This effort also promotes implementation of the Range-wide Conservation Plan for Longleaf Pine which necessitates more coordination of the use of prescribed fi re. Center staff also served as part of the instructional team for the Georgia Forestry Commission’s GA Certifi ed Prescribed Burn Courses held across the state.

Center Outreach staff served on the leadership team of the Apalachicola- Chattahoochee-Flint (ACF) Stakeholders group. This group’s mission is to achieve equitable water-sharing solutions among stakeholders that balance economic, ecological and social values, while ensuring sustainability for current and future generations. This group is currently working on collaborative development of a Sustainable Water Management Plan for the ACF Basin.

Conservation and Land Management

Stewardship of Ichauway

Many land management activities continued routinely as in prior years in the major areas of agriculture, wildlife management, hunting, roads and ﬁ rebreaks, restoration and research support.

There were 12,450 acres burned by prescription in 2014, an acreage that is approximately 90% our annual target. As is typical, the majority of this acreage was burned in the spring and early summer (through May), especially given the dry summer conditions that limited ability to conduct growing season burns.

A pine pulpwood harvest was carried out in April and May over 344 acres of young longleaf plantations located in multiple locations on the property. The thinning in

14 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015 ten plantations (approximately 100 acres) was conducted to implement a long-term research project and, while the harvest crew was on-site, additional plantation stands were thinned to meet operational management goals. We were able to thin many small, scattered plantations during the operation, and at the same time received an excellent price for the timber sold and generated a signiﬁ cant income.

Approximately 100 acres were treated for hardwood removal and cleanup by Jones Center personnel using our feller-buncher, primarily in the northern portion of the Turkey Woods. Herbicides were routinely applied to further restoration efforts in hardwood removal areas and around overgrown ﬁ eld edges, for control of exotic and invasive species, and for endangered species management (i.e., red-cockaded woodpecker-RCW). Some areas where hardwoods were removed and herbicides applied in previous years received targeted follow-up chemical and mechanical treatments (i.e., spot treatments) to provide additional control of hardwoods in areas under restoration.

Salvage operations were continued to utilize dead trees that present hazard situations (primarily along roads or ﬁ rebreaks). Recently dead trees–typically from lightning strikes or blowdown–are harvested and taken to our sawmill located at the DuBignon complex; there they are cut to rough sizes and air-dried under covered storage. A major use of this wood in 2014 was for ﬁ nishing the interior of the new auditorium/ atrium expansion of the Research Building. We continue to use the wood as needed for onsite construction, repairs and renovations as well as for posts and poles for fences and sheds.

We continued to operationally herbicide Japanese climbing fern (Lygodium japonicum) in 2014, with spraying targeted on drainages, road edges and fi eld edges with large infestations. Areas sprayed in previous years were revisited for follow-up spot treatments to insure control, and additional acres were treated for the fi rst time. All treated areas are monitored to determine what plants fi rst become established following the removal of Lygodium and to assess the need for any additional treatments.

Removal of feral hogs continued in 2014 with approximately ten individuals permanently removed. We maintain dogs trained speciﬁ cally to run down and capture the hogs to enhance our ability to control this species. We are fortunate to not currently have a resident population of hogs on Ichauway, due in large part to this active program to capture or harass any individuals seen on the property.

Conservation Management Demonstration Area

In 2014 ongoing management activities, such as prescribed ﬁ re and agricultural ﬁ eld management, were carried out in the Conservation Management Demonstration Area (CMDA). The CMDA continues to be frequently visited during outreach events by

15 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015 many different audiences, especially near an active RCW cluster located in the area, and several active research projects within the unit were supported by Conservation personnel (primarily through implementing speciﬁ c burning prescriptions).

Apprenticeship (Intern) Program

Three Conservation Management Apprentices participated in the program during 2014. John-Michael McCormick (graduated December 2011 from Haywood Community College in NC) started the program in August of 2013, and in April 2014 moved to an assistant manager position at Dixie Plantation as an employee of Tall Timbers Research Station. Joseph Warden (Tennessee Technological University graduate in 2012), who started as an apprentice in December 2013, is still currently in the program and actively searching for a permanent position. Matthew Shurley, a 2014 wildlife management graduate from ABAC, became an apprentice in September 2014 and continues in the position in 2015.

Monitoring

Measurements were continued in the long-term forest monitoring (LTM) plots in 2014. Analysis of data continued, with the development of new summary reports and accessible links between the data base and the Center’s GIS. An externally funded research project in the wildlife ecology and herpetology labs extensively used the data to develop and test habitat models, and other research personnel (scientists, technicians and graduate students) continued their use of the data for multiple internally funded projects. Researchers use the LTM information to both locate appropriate areas for research projects, as part of their analyses, and in the development of presentations and publications.

Spotlight and track counts were continued for monitoring mammal populations, especially the whitetail deer (WTD) population. The “spotlight” counts for WTD now use thermal cameras rather than high intensity lamps for detection because this technique requires fewer personnel and has a comparable detection rate. WTD population estimates continued to rise in 2014, thus a more aggressive harvest goal was set for the 2014-2015 whitetail hunting season. Quail covey counts were also conducted once again in the early fall to assess bobwhite population levels before the hunting season.

The Center continued our participation in Partners in Flight and other national bird inventory programs for bird community monitoring; sampling locations for these programs coincide (as much as possible) with the long-term forest monitoring plots.

16 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Red-Cockaded Woodpecker (RCW) Recovery and Management

The red-cockaded woodpecker (RCW) restoration and management program had continued success in 2014. The population now has about 70 individuals, including six birds translocated from Apalachicola National Forest. The RCW are located in 26 active clusters, with twenty-one potential breeding groups and 32 chicks hatched. Two nests were located in natural cavities excavated by the birds, and “start” holes continue to increase around the active clusters.

As part of the long-term plan to increase the RCW population to 30 potential breeding groups, six new recruitment clusters were installed north of highway 91 and the translocated birds were released in three of these clusters. This activity represents the ﬁ rst expansion of the program north of the highway and near the Center headquarters. In addition to the expansion, a few clusters in the original restoration area (Tin Top and Whitehead portions of the property) that had never been active or did not have adequate territory were deactivated.

Budget Summary

The total budget for Ichauway, Inc. and the Joseph W. Jones Ecological Research Center for 2014 was $9,696,037 of which $9,000,000 was the board-approved internally funded budget and $696,037 was funded from outside grants. The major source of funding for this budget was a grant from the Robert W. Woodruff Foundation in the amount of $9,000,000.

All divisions of Ichauway operated within budget in 2014. Expenses for Research and support activities were $3,544,127. Conservation and Land Management expenses were $2,148,392. The expenses for Education and Outreach activities were $544,635. Expenses for Administration, Maintenance and Operations were $2,862,810, which also included overall Center operating expenses such as taxes, electric power and insurance costs.

17 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

APPENDIX

DIRECTOR’S 2014 ANNUAL REPORT to the TRUSTEES OF ICHAUWAY, INC.

photo by Steve GolladayGolladay

I Publications, Presentations and Grants pp. 19-31 II Education and Outreach Activities pp. 32-38 III Graduate Students pp. 39-41 IV Scientiﬁ c Advisory Committee pp. 42 V Staff pp. 43-46 VI Jones Center Guest Seminars pp. 47-48

18 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Publications, Presentations and Grants

“In Press” Publications

Becknell, J. M., A. R. Desai, M. C. Dietze, C. A. Schultz, G. Starr, P. A. Duffy, J. F. Franklin, A. Pourmokhtarian, J. Hall, P. C. Stoy, M. W. Binford, L. R. Boring and C. L. Staudhammer. Assessing interactions among changing climate, management, and disturbance in forests: a macrosystems approach. BioScience doi:10.1093/biosi/ biu234.

Cherry, M. J., L. M. Conner and R. J. Warren. Effects of predator refugia and group dynamics on white-tailed deer vigilance in a longleaf pine savanna. Behavorial Ecology.

Dziadzio, M. C. and L. L. Smith. Gopherus polyphemus (Gopher Tortoise). Nest and Burrow Defense. Herpetological Review.

Long, A. K., D. D. Knapp, L. McCullough, L. L. Smith, L. M. Conner and R. A. Mccleery. Southern toads alter their behaviour in response to red-imported ﬁ re ants. Biological Invasions.

Greenspan, S. E., E. P. Condon and L. L. Smith. Home range and habitat selection in the eastern box turtle (Terrapene carolina carolina) in a longleaf pine (Pinus palustris) reserve. Herpetological Conservation and Biology.

Howze, J. M. and L. L. Smith. Spatial ecology and habitat use of the Eastern coachwhip in a longleaf pine forest. Southeastern Naturalist.

Jack, S. B., N. A. Jansen and R. J. Mitchell. Crown expansion following thinning in naturally regenerated and planted longleaf pine. IN J.D. Haywood (ed.). Proceedings of the 17th Biennial Southern Silvicultural Research Conference, March 5-7, 2013, Shreveport, LA. Gen. Tech. Report. USDA, Forest Service, Southern Research Station, Asheville, North Carolina.

Nelson, M. A., M. J. Cherry, M. B. Howze, R. J. Warren and L. M. Conner. Coyote and bobcat predation on white-tailed deer fawns in a longleaf pine ecosystem in southwestern Georgia. Proceedings of the Southeastern Association of Fish and Wildlife Agencies.

Norton, T. A., K. Andrews and L. L. Smith. Field methods for capture, marking and tracking amphibians and reptiles. In: Mader, D. R. and S. Divers (Eds.). Reptile Medicine and Surgery. Elsevier Press.

Appendix I 19 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Sterrett, S. C., A. J. Kaeser, R. A. Katz, L. L. Smith, J. C. Brock and J. C. Maerz.. Spatial ecology of female Barbour’s map turtles (Graptemys barbouri) in Ichawaynochaway Creek, Georgia. Copeia.

Streich, M. M., A. R. Little, M. J. Chamberlain, L. M. Conner and R. J. Warren. Habitat characteristics of eastern wild turkey nest and ground roost sites in two longleaf pine forests. Proceedings of the Southeastern Association of Fish and Wildlife Agencies.

Waters, M. N., S. W. Golladay, C. H. Patrick, J. M. Smoak and S. D. Shivers. The potential effects of river regulation an dwatershed land-use on sediment characteristics and lake primary producers in a large reservoir. Hydrobiologia.

Published Refereed Journal Articles and Books

Averill-Murray, R. C., L. J. Allison and L. L. Smith. 2014. Nesting and reproductive output among North American tortoises. Pages 110-117 in D. C. Rostal, E. D. McCoy, and H. R. Mushinsky (eds.). Biology & Conservation of North American Tortoises. University of California Press, Berkeley, California.

Boring, L. R., K. J. Elliott and W. K. Swank. 2014. Successional forest dynamics: 30 years following clearcutting. Pages 11-35 in W. T. Swank, and J. R. Webster (eds.). Long-Term Response of a Forest Watershed Ecosystem: Clearcutting in the Southern Appalachians (The Long-Term Ecological Research Network). Oxford University Press, New York, New York.

Gleim, E. R., L. M. Conner, R. D. Bergaus, M. L. Levin, G. E. Zemstova and M. J. Yabsley. 2014. The phenology of ticks and the effects of long-term prescribed burning on tick population dynamics in southwestern Georgia and northwestern Florida. PLoS ONE 9(11): e112174. doi:10.1371/journal.pone.0112174.

Hiers, J. K., J. R. Walters, R. J. Mitchell, J. M. Varner, L. M. Conner, L. A. Blanc and J. Stowe. 2014. Ecological value of retaining pyrophytic oaks in longleaf pine ecosystems. Journal of Wildlife Management 78:383-393.

Little, A. R., M. M. Streich, M. J. Chamberlain, L. M. Conner and R. J. Warren. 2014. Eastern wild turkey reproductive ecology in frequently-burned longleaf pine savannas. Forest Ecology and Management 331:180-187.

McCormick, P. V. and R. E. Gibble. 2014. Effects of soil chemistry on plant germination and growth in a northern Everglades peatland. Wetlands 34:979-988.

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McGuire, J. L., L. L. Smith, C. Guyer, J. M. Lockhart, G. W. Lee and M. J. Yabsley. 2014. Surveillance for upper respiratory tract disease and Mycoplasma in free- ranging gopher tortoises (Gopherus polyphemus) in Georgia, USA. Journal of Wildllife Diseases 50:733-744.

McGuire, J. L., L. L. Smith, C. Guyer and M. J. Yabsley. 2014. Effects of mycoplasmal upper-respiratory-tract disease on movement and thermoregulatory behavior of gopher tortoises (Gopherus polyphemus) in Georgia, USA. Journal of Wildlife Diseases 50:745-756.

Mitchell, R. J., Y. Liu, J. J. O’Brien, K. J. Elliott, G. Starr, C. F. Miniat and J. K. Hiers. 2014. Future climate and ﬁ re interactions in the southeastern region of the United States. Forest Ecology and Management 327:316-326.

Norton, T. M., K. M. Andrews and L. L. Smith. 2014. Techniques for working with wild reptiles. Pages 310-340 in D. R. Mader and S. J. Divers (eds.). Current Therapy in Reptile Medicine & Surgery. First edition. Saunders/Elsevier, St. Louis, Missouri.

Rocca, M. E., C. F. Miniat and R. J. Mitchell. 2014. Introduction to the regional assessments: Climate change, wildﬁ re, and forest ecosystem services in the USA. Forest Ecology and Management 327:265-268.

Starr, G., C. Staudhammer, H. W. Loescher, R. J. Mitchell, A. Whelan, J. K. Hiers and J. J. O’Brien. 2014. Time series analysis of forest carbon dynamics: Recovery of Pinus palustris physiology following a prescribed ﬁ re. New Forests 46:63-90.

Steen, D. A., C. J. W. McClure, J. C. Brock, D. C. Rudolph, J. B. Pierce, J. R. Lee, W. J. Humphries, B. B. Gregory, W. B. Sutton, L. L. Smith, D. L. Baxley, D. J. Stevenson and C. Guyer. 2014. Snake co-occurrence patterns are best explained by habitat and hypothesized effects of interspeciﬁ c interactions. Journal of Animal Ecology 83:286-295.

Steen, D. A., C. J. W. McClure, W. B. Sutton, D. C. Rudolph, J. B. Pierce, J. R. Lee, L. L. Smith, B. B. Gregory, D. L. Baxley, D. J. Stevenson and C. Guyer. 2014. Copperheads are common when kingsnakes are not: Relationships between the abundances of a predator and one of their prey. Herpetologica 70:69-76.

Webster, J. R., E. F. Benﬁ eld, S. W. Golladay and M. E. McTammany. 2014. Recovery of particulate organic matter dynamics in a stream draining a logged watershed: a pressing situation. Pages 156-176 in W. T. Swank and J. R. Webster (eds.). Long-Term Response of a Forest Watershed Ecosystem: Clearcutting in the Southern Appalachians (The Long-Term Ecological Research Network). Oxford University Press, New York, New York.

Appendix I 21 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Whitﬁ eld, S. M., K. Reider, S. Greenspan and M. A. Donnelly. 2014. Litter dynamics regulate population densities in a declining terrestrial herpetofauna. Copeia 2014:454- 461.

Young, G. B., S. W. Golladay, A. Covich and M. Blackmore. 2014. Nutrient enrichment affects immature mosquito abundance and species composition in ﬁ eld- based mesocosms in the Coastal Plain of Georgia. Environmental Entomology 43:1-8.

Young, G. B., S. W. Golladay, A. Covich and M. Blackmore. 2014. Stable isotope analaysis of larval mosquito diets in agricultural wetlands in the coastal plain of Georgia, U.S.A. Journal of Vector Ecology 39:288-297.

Proceedings, Outreach and Other Publications

Golladay, S. W., D. W. Hicks, N. Smith and B. Clayton. 2014. Stream habitat and mussel populations adjacent to AAWCM sites in the lower Flint River Basin. Project report sumbitted to The Nature Conservancy.

King, R. L., E. M. Schlimm and L. L. Smith. 2014. Chelydra serpentina (Snapping Turtle). Winter drought refugia. Herpetological Review 45:482.

Little, A. R., S. Demarias, K. L. Gee, S. L. Webb, S. M. Riffell, J. A. Gaskamp and J. L. Belant. 2014. Does human predation risk affect harvest susceptibility of white-tailed deer during hunting season? Wildlife Society Bulletin 38:797-805.

McIntyre, R. K. , J. B. Grand, R. White and R. R. Wilson. 2014. Wildlife responses to longleaf pine habitat structure restoration. Page 235 in CEER: Proceedings of the Conference on Ecological and Ecological Restoration, Elevating the Science and Practice of Restoration: a Collaborative Effort of NCER and SER, July 28- August 1, 2014, New Orleans, Louisiana. University of Florida, IFAS, Gainesville, Florida.

McIntyre, R. K. 2014. Longleaf Pine Restoration Assessment: Conservation Outcomes and Performance Metrics. Joseph W. Jones Ecological Research Center, Newton, Georgia. , and National Fish and Wildlife Foundation. Final Report. Contract nr NFWF 1903.12.034011. 92 p.

McIntyre, R. K. and B. B. McCall. 2014. Longleaf Pine Economics: Large-Acreage Landowner Perspectives and Opportunities. Joseph W. Jones Ecological Research Center, Newton, Georgia, and National Fish and Wildlife Foundation, June 20, 2014. Contract nr NFWF 1903.13.040686. 63 p.

McGuire, J. L., S. M. Hernandez, L. L. Smith and M. J. Yabsley. 2014. Safety and utility of an anesthetic protocol for the collection of biological samples from gopher tortoises. Wildlife Society Bulletin 38:43-50.

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Ruttinger, J. A., D. S. Colbert, R. J. Warren, L. M. Conner and M. J. Chamberlain. 2014. Using thermal imaging cameras with radiotelemetry to locate roost sites of male wild turkeys. Wildlife Society Bulletin 38:884-886.

Smith, N. D. and S. W. Golladay. 2014. Curculionidae (Coleoptera) species within geographically isolated wetlands of the Gulf Coastal Plain in southwestern Georgia. Transactions of the American Entomological Society 140: 237-244.

Meeting Presentations, Posters and Abstracts

Boston, J. E., M. N. Waters and S. W. Golladay. 2014. Alterations to biogeochemical processes and sediment transport by the invasive macrophyte, Hydrilla verticallata, in a large, shallow reservoir. Joint Aquatic Sciences Meeting, Portland, Oregon. Poster presentation.

Breland, S., L. K. Kirkman and C. R. Carroll. 2014. Bee community composition and vegetation across a suite of restoration conditions in a longleaf pine savanna. Ecological Society of America, Sacramento, California. Poster presentation.

Cherry, M. J., R. J. Warren and L. M. Conner. 2014. Responding to risk: Coyote inﬂ uence. Columbia College Science, Columbia, South Carolina. Invited Seminar.

Cherry, M. J., R. J. Warren and L. M. Conner. 2014. Coyotes, deer and behaviorally mediated trophic cascades in a ﬁ re dependent ecosystem. Gordon Research Conference, Predator Prey Interactions, Ventura, California. Poster presentation.

Cherry, M. J., R. J. Warren and L. M. Conner. 2014. Low-cost GPS solution for studying spatial ecology of white-tailed deer fawns. Southeast Deer Study Group Meeting, Athens, Georgia. Oral presentation.

Cherry, M. J., R. J. Warren and L. M. Conner. 2014. Coyote predation risk and white- tailed deer foraging behavior. Southeast Deer Study Group Meeting, Athens, Georgia. 2nd place oral student presentation.

Cherry, M. J., R. J. Warren and L. M. Conner. 2014. Predation risk and white-tailed deer foraging behavior. Warnell Graduate Research Symposium, Athens, Georgia. 2nd place oral Ph.D. student presentation.

Cherry, M. J., R. J. Warren and L. M. Conner. 2014. Food web dynamics and oak recruitment in longleaf pine savanna. 6th Annual Virginia Tech Forest Resources and Environmental Conservation Graduate Symposium, Blacksburg, Virginia. 2nd place oral student presentation.

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Cherry, M. J., R. J. Warren and L. M. Conner. 2014. Trait-mediated indrect interation between coyote and white-tailed deer. Southeast Deer Study Group Meeting, Athens, Georgia. Oral presentation.

Conner, L. M., M. J. Cherry and R. J. Warren. 2014. Non-consumptive effects of coyotes on deer. Southeastern Deer Study Group Meeting, Athens, Georgia. Oral presentation.

Conner, L. M., M. J. Cherry, B. T. Rutledge, C. H. Killmaster, G. Morris and L. L. Smith. 2014. Is it time to consider predator exclusion as a management option for increasing white-tailed deer recruitment? The Wildlife Society, Workshop on Predator Management, Pittsburgh, Pennsylvania. Oral presentation.

Conner, L. M., M. J. Cherry, B. T. Rutledge, C. H. Killmaster, G. Morris and L. L. Smith. 2014. Is it time to consider predator exclusion as a management option for increasing white-tailed deer recruitment? The Southeastern Association of Fish and Wildlife Agencies, Destin, Florida. Oral presentation.

Conner, L. M. 2014. Can predator exclosures help mitigate fawn predation by coyotes. Deer Management Research Group, Hamilton, Georgia. Oral presentation.

Giencke, L., L. K. Kirkman and C. Denhoff. 2014. Does provenance matter? Assessing ecotypal variation to promote restoration success. Ecological Society of America, Sacramento, California. Poster presentation.

Giencke, L. 2014. Georgia Coastal Plain: Ecosystems and restoration. Coastal Plain Chapter of the Georgia Native Plant Society, Alapaha, Georgia. Invited oral presentation.

Howze, J. M. and L. L. Smith. 2014. Introduction to line transect distance sampling: Survey analysis. Florida Fish and Wildlife Commission Gopher Tortoise Survey and Monitoring Workshop, Keystone Heights, Florida. Oral presentation.

Howze, J. M., L. L. Smith, L. M. Conner and G. Morris. 2014. Snake activity patterns within the longleaf pine forest. Georgia Wildlife Society, Tifton, Georgia. Invited oral presentation.

Howze, J. M. and L. L. Smith. 2014. Herpetology research at the Jones Center. ABAC Wildlife Society, Tifton, Georgia. Invited oral presentation.

Howze, J. M. 2014. Venomous snakes of Southwest Georgia. Phoebe Putney Memorial and Flint RiverQuarium, Albany, Georgia. Invited oral presentation.

Howze, J. M. 2014. Venomous snakes of Southwest Georgia. Lions Club, Edison, Georgia. Invited oral presentation.

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Howze, J. M. 2014. Bat Ecology 101. The Sertoma Club, Albany, Georgia. Invited oral presentation.

Howze, J. M., L. L. Smith, L. M. Conner and G. Morris. 2014. Snake activity patterns within the longleaf pine forest. American Society of Ichthyologists and Herpetologists, Chattanooga, Tennessee. Oral presentation.

Hromada, S. J., A. K. Long, L. L. Smith, L. M. Conner and R. A. McCleery. 2014. The effect of red-imported ﬁ re ant management on the diet of southern toads. 36th Annual Gopher Tortoise Meeting, Albany, Georgia. Poster presentation.

Jack, S. B. 2014. Underplanting for species conversion and restoration: A southern example and session overview. Society of American Foresters Annual Meeting, Salt Lake City, Utah. Oral presentation.

King, R. L., L. L. Smith and A. P. Covich. 2014. Spatial ecology and wetland habitat selection of common snapping turtles (Chelydra serpentina) and yellow-bellied sliders (Trachemys scripta) in a longleaf pine ecosystem. Joint Meeting of the American Society of Ichthyologists and Herpetologists, Chattanooga, Tennessee. Oral presentation.

Kirkman, L. K. 2014. Restoration and conservation management of the longleaf pine ecosystem: Understanding the pieces of the puzzle. Ecological Society of America, Sacramento, California. Oral presentation.

Long, A. K., L. L. Smith, L. M. Conner and R. A. McCleery. 2014. Population level effects of invasive ﬁ re ants on cotton rats and eastern fence lizards. The Wildlife Society Meeting, Pittsburgh, Pennsylvania. 1st place oral presentation.

Long, A. K., L. L. Smith, L. M. Conner and R. A. McCleery. 2014. Population level effects of invasive ﬁ re ants on cotton rats and eastern fence lizards. Georgia Chapter of the Wildlife Society Meeting, Tifton, Georgia. 1st place oral presentation.

Long, A. K. L. L. Smith, L. M. Conner and R. A. McCleery. 2014. The effect of red- imported ﬁ re ants on eastern fence lizard recruitment and survival. Joint Meeting of Ichthyologists and Herpetologists, Chattanooga, Tennessee. 4th place oral presentation.

Long, A. K., L. L. Smith, L. M. Conner and R. A. McCleery. 2014. The effect of red- imported ﬁ re ants on eastern fence lizard recruitment and survival. Florida Chapter of the Wildlife Society Meeting, Safety Harbot, Florida. Oral presentation.

Long, A. K., L. L. Smith, L. M. Conner and R. A. McCleery. 2014. The effect of red-imported ﬁ re ants on eastern fence lizard recruitment and survival. Gainesville Herpetological Meeting, Gainesville, Florida. Honorable mention oral presentation.

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Marzolf, N., A. P. Covich, S. W. Golladay, P. V. McCormick and S. Wilde. 2014. Quantifying effects of invasive apple snails (Pomacea maculata) in a large reservoir: An outline for research. Florida Lake Management Society Annual Technical Symposium, Stuart, Florida. Awarded best graduate student poster presentation.

Marzolf, Nick. 2014. Faster than a swimming snail: Understanding the ecological impacts of apple snails in Lake Seminole. Odum School of Ecology Graduate Student Symosium, Athens, Georgia. Oral presentation.

McCormick, P. V., L. C. Cowart and S. W. Golladay. 2014. Effects of reduced stream ﬂ ows on instream habitat in the Lower Flint River Basin. Joint Aquatic Sciences Meeting, Portland, Oregon. Oral presentation.

McCormick, P. V., L. C. Cowart and S. W. Golladay. 2014. Effects of reduced stream ﬂ ows on instream habitat in the Lower Flint River Basin. University of Florida Water Institute Symposium, Gainesville, Florida. Oral presentation.

McIntyre, R. K. 2014. NFWF Large Landowner Economics Workshop. Longleaf Partnership Council, Biloxi, Mississippi. Invited oral presentation.

McIntyre, R. K. 2014. Partner showcase: Joseph W. Jones Ecological Research Center. Longleaf Partnership Countil, Biloxi, Mississippi. Oral presentation.

Melvin, M. A. 2014. Prescribed ﬁ re: How to get started. Longleaf Conference and Eastern Native Grass Symposium, Mobile, Alabama. Oral presentation.

Patrick, C. H., M. N. Waters and S. W. Golladay. 2014. The ecological role of the invasive clam, Corbicula ﬂ uminea, in a shallow reservoir system: Lake Seminole, Georgia. Joint Aquatic Sciences Meeting, Portland, Orgeon. Poster presentation.

Shivers, S. D., S. W. Golladay and A. P. Covich. 2014. Effects of multiple invasive species on nutrient cycling within a shallow subtropical reservoir, Lake Seminole, Georgia. Odum School of Ecology Graduate Student Symposium, Athens, Georgia. Oral presentation.

Shivers, S. D., S. W. Golladay and A. P. Covich. 2014. Effects of invasive species on nutrient cycling within a shallow subtropical reservoir, Lake Seminole, Georgia. University of Georgia Graduate Education Advancement Board Spring Meeting, Albany, Georgia. Oral presentation.

Smith, C. R., P. V. McCormick, S. W. Golladay and A. P. Covich. 2014. Inﬂ uence of stream intermittency on aquatic invertebrate assemblages in the lower Flint River Basin. University of Florida Water Institute Symposium, Gainesville, Florida. Oral presentation.

Appendix I 26 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Smith, C. R., P. V. McCormick, S. W. Golladay and A. P. Covich. 2014. Inﬂ uence of stream intermittency on aquatic invertebrate assemblages in the lower Flint River Basin. Joint Aquatic Sciences Meeting, Portland, Oregon. Oral presentation.

Smith, L. L. 2014. Gopher tortoise demography and population structure. 2nd Gopher Tortoise Minimum Viable Population Workshop, Andalusia, Alabama. Oral presentation.

Smith, L. L., S. Greenspan and E. P. Condon. 2014. Home range and habitat selection in the eastern box turtle (Terrapene carolina carolina) in a longleaf pine forest. Joint Meeting of Ichthyologists and Herpetologists, Chattanooga, Tennessee. Oral presentation.

Smith, N. and S. W. Golladay. 2014. Effects of a multi-year drought on stream ﬂ ows and freshwater mussels in tributary streams of the lower Flint River, Georgia. University of Florida Water Institute Symposium, Gainesville, Florida. Oral presentation.

Sutter, R., J. K. Hiers and L. K. Kirkman. 2014. Ecosystem restoration over space and time: An example from the restoration of longleaf pine sandhills on Eglin Air Force Base, Florida. Conference on Ecoloigcal and Ecosystem Restoration, New Orleans, Louisiana. Oral presentation.

Taylor R. S., L. L. Smith and J. M. Howze. 2014. Direct effects of heavy equipment use on gopher tortoise burrows. Longleaf Alliance, Mobile, Alabama. Poster presentation.

Taylor, R. S., L. R. Boring, L. M. Conner, S. B. Jack, L. K. Kirkman and L. L. Smith. Effects of longleaf pine restoration on key soil chemical precesses. Soil Science Society of America International Meeting, Long Beach, California. Poster presentation.

Turner, K. L., E. F. Abernethy, O. E. Rhodes, Jr. and J. C. Beasley. 2014. The effects of carcass size, habitat type, and season on scavenging communities in the coastal plain of the Southeast. Warnell Graduate Student Association Annual Symposium, Athens, Georgia. 2nd place poster presentation.

Waters, M. N., S. W. Golladay, A. P. Covich, S. Shivers, J. M. Smoak, J. Boston and C. H. Patrick. 2014. Land use, fragmentation and biological invasions inﬂ uence benthic and pelagic biogeochemical processes in a large and shallow reservoir: Lake Seminole, Georgia. Joint Aquatic Sciences Meeting, Portland, Oregon. Oral presentation.

Appendix I 27 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Professional Seminars, Guest Lectures and Special Presentations

Conner, L. M. 2014. Predation in the ﬁ re forest: a long-term mesopredator exclosure experiment. Auburn University, Auburn, Alabama. Invited seminar.

Jack, S. B. and S. D. Pecot. 2014. Regeneration dynamics in longleaf pine: Challenging conventional wisdom to improve management. Ecology of Frequent Fire Ecosystems Symposium, 99th Ecological Society of America Annual Meeting, Sacramento, California. Invited oral presentation.

Jack, S. B. 2014. Management and restoration of longleaf pine at Ichauway: Concepts to application. Departments of Forestry and Fisheries and Wildlife, University of Missouri, Columbia, Missouri. Invited seminar.

Jack, S. B. 2014. Underplanting for species conversion and restoration: The Ichauway example. Longleaf Alliance Biennial Conference, Mobile, Alabama. Invited oral presentation.

Kirkman, L. K. 2014. Restoration and conservation management of the longleaf pine ecosystem: Understanding pieces of the puzzle. Ecological Society of America Annual Meeting, Sacramento, California. Invited symposium presentation.

Kirkman, L. K. 2014. Restoration challenges in the longleaf pine ecosystem: Using an adaptive management approach. School of Public and Environmental Affairs, Indiana University, Bloomington, Indiana. Invited seminar.

Kirkman, L. K. 2014. The Natural Communities of Georgia. The Georgia Conservancy, Moultrie, Georgia Chapter. Invited oral presentation and book signing.

Kirkman, L. K. 2014. The longleaf pine ecosystem: Ecology and restoration of the ﬁ re forest. Conservation Ecology Course, Odum School of Ecology, University of Georgia, Athens, Georgia. Invited seminar.

McIntyre, R. K. and S. B. Jack. Timber and wildlife ecology research update from the Jones Center. Southeast Regional Manager and Landowner Conference, Valdosta, Georgia. Invited oral presentation.

Externally Funded Projects

Boring, L. R., J. F. Franklin and R. J. Mitchell. Building forest management into Earth system modeling: scaling from stand to continent. The National Science Foundation. June 01, 2013 – May 31, 2015. $170,872. Received in 2014, $85,663.

Appendix I 28 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Boring, L.R. and G. Starr. Long-term ecosystem inventories: Assessing availability and scalability of C and N data for ecosystem models to inform scope of future proposals. USDA Forest Service. July 02, 2014 – September 30, 2015. $65,701. Received in 2014, $17,919.

Conner, L. M. Breeding bird response to longleaf pine restoration. National Wild Turkey Federation. February 22, 2011 – December 31, 2016. $35,700. Received in 2014, $11,900.

Conner, L. M. Prescribed ﬁ re and ecology of turkeys, coyotes and deer. Georgia Department of Natural Resources, subcontracted through University of Georgia. January 01, 2012 – December 31, 2014. $91,466. Received in 2014, $5,311.

Conner, L. M. and K. Miller. Gray fox spatial movement tracking. Department of Defense. September 25, 2013 – September 24, 2016. $86,813. Received in 2014, $61,600.

Conner, L. M. and L. L. Smith. Using wildlife habitat models to evaluate management endpoints for open pine woodland and savanna. U.S. Fish and Wildlife Service. March 15, 2014 – March 15, 2015. $132,104. Received in 2014, $44,489.

Conner, L. M. and K. Miller. Development and evaluation of an unbaited camera survey technique for estimating relative abundance and demographic parameters of white-tailed deer. U.S. Fish and Wildlife Service, subcontracted through University of Georgia. July 01, 2014 – September 30, 2018. $145,140. Received in 2014, $14,926.

Conner, L.M., M. J. Cherry, R. Chandler and K. Miller. Effects of hydrology, hunting, and predation on white-tailed deer dynamics in south Florida. Florida Fish and Wildlife Conservation Commission, subcontracted through University of Georgia. September 29, 2014 – December 31, 2015. $249,449. Received in 2014, $20,919.

Conner, L.M. and M. Chamberlin. Movement ecology of female wild turkeys during nesting and brooding seasons on Silver Lake Wildlife Management Area. Georgia Department of Natural Resources, subcontracted through University of Georgia. August 01, 2014 – July 31, 2017. $153,400. Received in 2014, $1,181.

Golladay, S. W. Instream assessment of stream habitat and mussel populations adjacent to Advanced Agricultural Water Conservation Measures (AAWCM) sites in the Lower Flint River Basin. The Nature Conservancy. May 01, 2012 – September 30, 2014. $59,687. Received in 2014, $6,899.

Appendix I 29 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Golladay, S. W. and R. J. Mitchell. A workshop on conservation and natural resource management in an uncertain future: Using the southeastern U.S. as a model for managing change. National Science Foundation. August 01, 2012 - July 31, 2015. $49,000. Did not receive funds in 2014.

Golladay, S. W. and R. J. Mitchell. A workshop on conservation and natural resource management in an uncertain future: Using the southeastern U.S. as a model for managing change. USDA Forest Service. July 31, 2012 - May 31, 2014. $15,000. Received in 2014, $4,863.

Golladay, S. W. and M. Waters. Dominant invasive species in Lake Seminole, GA. U.S. Fish and Wildlife Service subcontracted through Valdosta State University. September 01, 2014 – August 31, 2015. $6,145. Did not receive funds in 2014.

Kirkman, L. K. Evaluation of longleaf pine undercover ecotype seed sources. R. Howard Dobbs, Jr. Foundation. November 02, 2012 – no established end date. $65,000. Received in 2014, $9,618.

Kirkman, L. K. and L. L. Smith. Isolated wetlands workshop. Environmental Protection Agency. September 01, 2013 – May 31, 2015. $14,000. Received in 2014, $2,622.

Kirkman, L. K., L. M. Conner and R. K. McIntyre. Longleaf pine ecosystem conservation III. National Fish and Wildlife Foundation. September 1, 2007 – December 31, 2014. $196,500. Received in 2014, $86,507.

Kirkman, L. K. and M. J. Kaeser. Population survey and analysis for federally listed or petitioned plants and the threatened gulf sturgeon. U.S. Fish and Wildlife Service. February 01, 2012 - January 31, 2015. $85,000. Received in 2014, $11,300.

McIntyre, R. K. Longleaf economics workshop. National Fish and Wildlife Foundation. June 01, 2013 - September 30, 2014. $50,320. Received in 2014, $29,105.

McIntyre, R. K. and S. B. Jack. Collaborative management and restoration of longleaf pine in lowcountry South Carolina. The Nature Conservancy. March 08, 2013 – July 31, 2014. $24,375. Received in 2014, $12,375.

McIntyre, R. K. and S. B. Jack. Collaborative management and restoration of longleaf pine in lowcountry South Carolina. The Nature Conservancy. December 01, 2014 – August 31, 2016. $16,875. Did not receive funds in 2014.

Appendix I 30 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Mitchell, R. J., L. K. Kirkman, L. M. Conner, L. L. Smith, J. Priddy, P. Yates, M. C. Mack, J. R. Walters and R. D. Sutter. Developing dynamic reference models and a decision support framework for southeastern ecosystems: An integrated approach. Strategic Environmental Research and Development Program. March 26, 2009 – May 31, 2015. $1,351,138. Received in 2014, $64,761.

Smith, L. L. Gopher tortoise surveys and population evaluation. U.S. Fish and Wildlife Service. August 01, 2012 - September 30, 2014. $40,000. Received in 2014, $12.092.

Smith, L. L. Gopher tortoise surveys and population evaluation. Florida Fish and Wildlife Conservation Commission. January 30, 2014 - June 30, 2016. $300,000. Received in 2014, $148,032.

Smith, L. L. Surveys of Barbour’s map turtle and alligator snapping turtle in Georgia. Georgia Department of Natural Resources. October 31, 2013 – August 31, 2015. $64,917. Received in 2014, $43,955.

Appendix I 31 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Education and Outreach Program On-site Activities

University Class Visits

University of Georgia. A two-day ﬁ eld tour focusing on herpetology. (17)

University of Georgia. A week-long Maymester short course in ﬁ re ecology. (16)

University of Florida. A two-day ﬁ eld experience focusing on longleaf pine management and restoration. (29)

University of the South. A two-day ﬁ eld tour including an overview of the longleaf pine ecosystem, longleaf pine management and restoration and endangered species. (18)

Berry College. A three-day ﬁ eld experience including an overview of the longleaf pine ecosystem, rare and endangered species, wetland and plant diversity, ﬁ re management at Ichauway and various restoration and research projects. (13)

Abraham Baldwin Agricultural College. A one-day ﬁ eld tour focusing on ﬁ re ecology. (34)

University of Georgia. A week-long Maymester short course in wildlife ecology. (12)

Universities of Georgia and Florida. A week-long Maymester short course on Coastal Plain ecosystem ecology and conservation. (12)

Arkansas Tech University. A two-day ﬁ eld tour focusing on forest ecology. (17)

University of Georgia. A two-day ﬁ eld experience focusing on mammalogy. (22)

Natural Resource Professionals and Conservation Groups

Longleaf Economics Workshop. A three-day workshop to explore barriers and opportunities for large landowners to invest in longleaf pine establishment and management. (22)

L-A-D Foundation. A one-day ﬁ eld tour for Foundation Board and staff focusing on the longleaf pine ecosystem’s management and restoration. (8)

US Army & Corps of Engineers. A one-day visit by the land management (22,000 acres) staff leads from Lake Seminole. (2)

Golden Triangle Research, Conservation, and Development Council. A one-day visit from new personnel to familiarize themselves with Center. (2)

Appendix II 32 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Integrating an Uncertain Future into Conservation Management and Restoration. A three-day workshop to explore how to integrate uncertain futures into management and restoration. (19)

National Prescribed Fire Training Center. A one-day ﬁ eld tour focusing on prescribed ﬁ re use in the southeastern U.S. (16)

Ecological Forestry Workshop. A three-day workshop focused on longleaf pine ecology, restoration and management, with a speciﬁ c focus on application of the Stoddard-Neel system of forest management. (16)

Georgia DNR Tortoise Modeling. A three-day meeting to begin development of a modeling framework to inform conservation decision making by Georgia DNR for gopher tortoises. (18)

Panther Prey Meeting. A one-day meeting to discuss research design and logistics associated with the South Florida white-tailed deer research project. (7)

American Forestry Foundation (AFF). A one-day visit from AFF staff to learn about the Center. (1)

National Institute for Food and Agriculture. A two-day meeting comparing water resource issues in Florida and Georgia to develop information needs for research. (9)

Creeks to Coast Educator Workshop. A one-day ﬁ eld tour part of a larger program to expose educators to research and water resources in the Apalachicola Chattahoochee Flint Basin. (20)

U.S. Forest Service Southern Research Station. A three-day meeting with the new Longleaf Pine Project Leader from SRS. (2)

Institute for Georgia Environmental Leadership (IGEL). A one-day ﬁ eld tour focusing on prescribed ﬁ re and water resources issues. (41)

Freshwater Mussel Workshop. A four-day training workshop focusing on ﬁ eld survey techniques and identiﬁ cation of freshwater mussels. (24)

Adopt-A-Stream Board. A three-day meeting and ﬁ eld tour. (8)

Georgia Forestry Commission. A one-day ﬁ eld tour with the new District Ranger. (1)

Georgia Prescribed Fire Council (GPFC). A three-day visit with speakers for the Annual GPFC Meeting. (2)

Appendix II 33 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Apalachicola Regional Stewardship Alliance (ARSA). A one-day meeting and ﬁ eld tour for land managers from U.S. Forest Service, U.S. Fish and Wildlife Service, Florida For- est Service, Florida Fish and Wildlife Commission and Florida Chapter of the Nature Conservancy. (34)

Natural Resources Conservation Service Native Warm Season Grasses Workshop. A three-day workshop focusing on native grasses identiﬁ cation. (20)

Gopher Tortoise Council (GTC) Conference. A one-day ﬁ eld tour for GTC Conference attendees. (4)

Eastern Indigo Snake Reintroduction Meeting. A two-day meeting focusing on the recovery of the Eastern Indigo Snake. (22)

Gopher Tortoise Survey Training. A three-day training on gopher tortoise line transect distance sampling. (9)

Alligator Workshop. A two-day workshop regarding decision support for alligator harvest programs in the Southeast. (19)

Internal Prescribed Fire Course. A two-day course focusing on prescribed ﬁ re for Jones Center employees and graduate students, including execution of a prescribed burn. (14)

Mike Dueitt. A one-day meeting with the Director of the National Prescribed Fire Training Center. (1)

Georgia River Network Fall Float on the Flint. A paddle event which included a stop at Ichauway, where Center staff gave overviews of the longleaf pine ecosystem and aquatic system. (175)

Public Relations

Public Broadcasting Service. A ﬁ ve-day visit by a videographer ﬁ lming gopher tortoises for a program focusing on “ecological engineers.” (1)

Southern Documentary Project. A one- and two-day visit by a videographer from the University of Mississippi Center for Southern Documentaries ﬁ lming for a documentary on longleaf pine. (1)

Red Sky Productions. A one-day meeting to discuss ﬁ lming opportunities for a documentary project on longleaf pine. (2)

Appendix II 34 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Education and Outreach Program Off-site Activities

Regional Partnerships and Advisement

Longleaf Partnership Council The Center was a founding member of this regional partnership of federal, state, non- governmental organization and private groups working to implement the 2009 Range- wide Conservation Plan for Longleaf Pine, which seeks to double the acreage of longleaf from 4 to 8 million acres by 2025. Kevin McIntyre has worked with this effort since it began in 2007 and is currently serving as Chair of the Council for 2014-2015, as well as serving on several subcommittees of the Council. He also represents the Council on the Federal Coordinating Committee for Longleaf Pine.

Lowcountry Forest Conservation Partnership Kevin McIntyre and Steve Jack were funded through a grant from The Nature Conser- vancy (TNC) to provide advice and develop longleaf restoration plans for approximately 2000 acres owned by TNC, as well as other private lands, around the Francis Marion National Forest. This effort has evolved into a regional longleaf partnership that serves as a local implementation team for the Range-wide Conservation Plan for Longleaf Pine.

Apalachicola Regional Stewardship Alliance (ARSA) Kevin McIntyre serves on the ARSA, a regional partnership for longleaf restoration in a million-acre focus area centered around the Apalachicola National Forest and St. Marks National Wildlife Refuge, extending into nearby Southwest Georgia. This group serves as a local implementation team for the Range-wide Conservation Plan for Longleaf Pine.

Chattahoochee Fall Line Conservation Partnership (CFLCP) Steve Jack served as a member of the steering committee for the CFLCP, a regional partnership for longleaf restoration around the Ft. Benning/Fall Line Sandhills area of western Georgia. This group serves as a local implementation team for the Range-wide Conservation Plan for Longleaf Pine.

National Fish and Wildlife Foundation (NFWF) Longleaf Economics Project Kevin McIntyre co-led, and Steve Jack participated in, a grant-funded collaborative effort with the NFWF to synthesize current knowledge of longleaf pine economics and how to better engage large-acreage private landowners in longleaf pine restoration and management. The centerpiece of this project was a three-day workshop held at Ichauway. A report from the workshop was completed and submitted in 2014.

Appendix II 35 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Coalition of Prescribed Fire Councils Mark Melvin serves as Governing Board Member, whose overarching goal is to create one voice to assist ﬁ re practitioners, policymakers, regulators and citizens with issues surrounding prescribed ﬁ re use.

Georgia Prescribed Fire Council (GPFC) The GPFC is a diverse group of stakeholders collaborating to protect the right, to en- courage the use of and to promote public understanding of prescribed ﬁ re in Georgia. Mark Melvin serves as permanent Vice-Chair for this group and coordinates the annual meeting.

Southern Fire Exchange (SFE) The SFE is a regional program for fi re science delivery in the Southeast, funded by the Joint Fire Science Program. The SFE consolidates southern fi re information and provides new ways for the fi re community to interact and learn from one another. Mark Melvin serves as Advisory Board Chair.

National Wildﬁ re Coordination Group (NWCG) The Fire Use Subcommittee reviews and updates NWCG prescribed ﬁ re training standards and policy. Mark Melvin serves as liaison on the Fire Use Subcommittee.

NWCG Smoke Committee The revision of NWCG’s Smoke Management Guide encompasses broad training and standards, as well as policy, related to managing smoke from wildland ﬁ res. Mark Mel- vin serves as a member of the Smoke Management Guide Review Team.

Wildland Fire Cohesive Strategy: Southeast Regional Committee This group provides executive leadership, oversight and guidance within their respective region for completing the tasks assigned by the Wildland Fire Executive Council during Phases II and III of the Cohesive Strategy. Mark Melvin serves as Southeast Regional Committee Member.

Southeast Regional Partnership for Planning and Sustainability (SERPPAS) The Southeast Regional Partnership for Planning and Sustainability (SERPPAS) is a six-state partnership comprised of state and federal agencies that promotes collaboration in making resource use decisions supporting conservation of natural resources, working lands, and national defense. Mark Melvin serves on the Air Quality Subcommit- tee and Prescribed Fire Work Group, working to develop creative solutions that address smoke management for prescribed ﬁ re and increase burning while complying with state air quality regulations. The Prescribed Fire Work Group also works collaboratively with the Longleaf Partnership Council to implement the Range-wide Conservation Plan for Longleaf Pine by developing strategies, garnering support and implementing programs that will double ‘region-wide longleaf’ burning by year 2025.

Appendix II 36 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Georgia Forestry Commission The Georgia Forestry Commission hosts and administers a certiﬁ ed burn manager course. These classes are conducted at multiple locations annually, and Mark Melvin serves as a class instructor.

Georgia Adopt A Stream Steve Golladay served on the board of directors for Georgia Adopt A Stream (AAS). Among the priority activities of the group were reﬁ ning the statewide water quality database, available online. Georgia AAS also started a program of data collection for Pad- dle Georgia and other river education efforts.

Rivers Alive Cleanup Lora Smith, Jennifer Howze and Kay Kirkman continue to organize and lead river cleanup days on the Flint River during weekends, largely as volunteer work in Bainbridge, Baker County and Albany, Georgia. Steve Golladay is on the Advisory Board for Keep Bainbridge-Decatur County Beautiful.

ACF Stakeholders During 2014, Woody Hicks represented the Center as a technical advisor on the ACF Stakeholders and served on the Executive Committee of the Governing Board. He also chaired the Data Needs and Sustainability work group, the Apalachicola Bay study group, and served as technical liaison on the Technical Oversight Committee. These committees and work groups have had responsibility to develop external contracts with private consultants to develop a Sustainable Water Management which includes recom- mendations speciﬁ c to improving the aquatic habitat that supports oysters in the Apala- chicola Bay. The Technical Oversight Committee has had the responsibility for providing contractor guidance and promoting governing board consensus throughout the data collection and synthesis process during the technical phases of the development of the water plan.

Georgia Water Resources Conference The Center is a sponsor of the 2015 Georgia Water Resources Conference. During 2014, Steve Golladay served on the program committee for the conference. The conference will be held in Athens, Georgia in April 2015.

Appendix II 37 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

4H2O Water Education Day Steve Golladay and Nathalie Smith participated in a 4-H water education event hosted by the University of Georgia College of Agriculture at Stripling Irrigation Park. This is public relations outreach aimed at teachers and school children.

Appendix II 38 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Graduate Students

Graduated 2014

Coyote foraging behavior, density dependent spatial Michael Cherry distribution, and impact on white-tailed deer recruitment in southwestern Georgia. (University of Georgia, Ph.D., L. M. Conner)

Spatial patterns of wetland use of freshwater turtles in Rachel King coastal plain of Georgia. (University of Georgia, M.S., L. L. Smith)

A telemetric study on the ecology of the southeastern Ashley Warren pocket gopher (Geomys pinetis) in southwest Georgia. (University of Georgia, M.S., L. M. Conner)

Current 2014 Projects

Bee community and vegetation across a suite of Sabrie Breland restoration conditions in a ﬁ re-maintained longleaf pine savanna. (University of Georgia, M.S., L. K. Kirkman)

Isolated wetland mapping, connectivity assessment James Deemy and water quality in the Dougherty plain of Georgia. (University of Georgia, Ph.D., L. K. Kirkman)

Seasonal movements and habitat selection of gray Nicholas Deuel foxes relative to prescribed ﬁ re and hardwood removal. (University of Georgia, M.S., L. M. Conner)

Relationship between stream ﬂ ow and periphyton growth David Diaz (University of Georgia, M.S., P. V. McCormick)

The inﬂ uence of habitat variables on nest survival Michelina D’ziadzio in the gopher tortoise. (University of Georgia, M.S., L. L. Smith)

Development and evaluation of a camera survey technique James Johnson for estimating population parameters of white-tailed deer (Odocoileus virginianus). (University of Georgia, Ph.D., L. M. Conner)

Appendix III 39 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Effects of anthropogenic factors on raccoon ecology Brian Kirby in a longleaf pine-dominated landscape. (University of Tennessee, M.S., L. M. Conner)

Food and fear: Using terrestrial mammals to decouple Jessica Laskowski the drivers of habitat selection. (University of Florida, Ph.D., L. M. Conner)

Linking predation risk and ﬁ tness measurements to Andy Little sustainability of eastern wild turkeys in a longleaf pine ecosystem: a habitat-based approach. (University of Georgia, Ph.D., L. M. Conner)

Effects of red-imported ﬁ re ants on native vertebrates Andrea Long in the southeastern United States. (University of Florida, Ph.D., L. L. Smith and L. M. Conner)

Environmental limits on the dispersal of invasive apple snails Nicholas Marzolf in Lake Seminole. (University of Georgia, M.S., P. V. McCormick)

Patterns of genetic diversity in amphibians across a gradient Cara McElroy of landscape and wetland-scale disturbance. (University of Georgia, M.S., L. L. Smith)

The role of submerged aquatic vegetation (Hydrilla verticillata) Stephen Shivers on nutrient dynamics and freshwater aquatic food webs within Lake Seminole. (University of Georgia, Ph.D., S. W. Golladay)

Evaluating macroinvertebrate sensitivities to low-ﬂ ow Chelsea Smith in a southwest Georgia stream. (University of Georgia, M.S., P. V. McCormick)

The effect of mesopredator and red imported ﬁ re ant Kelsey Turner exclusion on vertebrate scavenging communities. (University of Georgia, M.S., L. M. Conner)

Water and carbon ﬂ ux in longleaf pine woodlands. Susanne Wiesner (University of Alabama, Ph.D., L. R. Boring)

Long-term movement, dispersal and survivorship of Alex Wright gopher tortoises (Gopherus polyphemus) in southern Georgia. (University of Georgia, M.S., L. L. Smith)

Appendix III 40 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Conservation Interns/Apprentices

John-Michael McCormick. 2013-2014. A.A.S., Fish and Wildlife Management Technology, Haywood Community College.

Matthew Shurley. 2014-present. B.S., Natural Resource Management, Abraham Baldwin Agriculture College.

Joseph Warden. 2013-present. B.S., Wildlife and Fisheries Science at the Tennessee Technological University.

Appendix III 41 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Scientiﬁ c Advisory Committee

Dr. Robert J. Naiman (1993-present), Chair (2012-present) Professor Emeritus School of Fisheries University of Washington

Dr. Jerry F. Franklin (1988-present), Founding Member Professor of Ecosystem Management College of Forest Resources University of Washington

Mr. Robert Larimore (2010-present) Natural Resources Program Manager US Army Installation Management Command Fort Sam Houston, Texas

Dr. Gene E. Likens (1988-present), Founding Member Distinguished Senior Scientist, Ecologist Founding Director and President Emeritus Cary Institute of Ecosystem Studies

Mr. Brian Richter (2013-present) Director, Global Freshwater Initiative The Nature Conservancy Arlington, Virginia

Dr. Nova J. Silvy (2010-present) Regents Professor Department of Wildlife and Fisheries Sciences Texas A&M University

Dr. Jim Vose (2013-present) Research Ecologist and Project Leader U.S. Forest Service, Southern Research Station Center for Integrated Forest Science

Appendix IV 42 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Staff

Scientists

Lindsay R. Boring - Director, Scientist, Forest Ecology Adjunct Associate Professor - University of Georgia Courtesy Professor - University of Florida

Steven T. Brantley - Assistant Scientist, Ecohydrology Adjunct Assistant Professor - University of Georgia

L. Michael Conner - Scientist, Wildlife Ecology Courtesty Assistant Professor - University of Florida Afﬁ liate Assistant Professor - Auburn Univeristy Adjunct Assistant Professor - University of Georgia Adjunct Assistant Professor - Mississippi State University Adjunct Assistant Professor - University of Tennessee

Stephen W. Golladay - Associate Scientist, Aquatic Ecology Adjunct Associate Professor - University of Georgia Adjunct Associate Professor - Valdosta State University

Steven B. Jack - Conservation Ecologist, Applied Forest Scientist Courtesy Associate Professor - University of Florida Afﬁ liate Assistant Professor - Auburn University

L. Katherine Kirkman - Scientist, Plant Ecology Afﬁ liate Professor - Auburn University Adjunct Professor - University of Georgia Adjunct Professor - University of Florida

Paul V. McCormick - Scientist, Aquatic Ecology Adjunct Professor - University of Georgia Adjunct Professor - Georgia State University

Lora L. Smith - Associate Scientist, Wildlife Ecology Courtesy Professor - University of Florida Afﬁ liate Professor - Auburn University Adjunct Professor - University of Georgia Adjunct Professor - Texas A&M University Adjunct Professor - University of Maine

Cherry, Michael J. - Postdoctoral Researcher, Wildlife Ecology

Appendix V 43 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Research Technicians/Associates

Andres Baron - Lead Technician I, Forest Ecology II

Brian A. Clayton - Monitoring Technician II, Groundwater Hydrology

Brian Cloninger - Central Analytical Lab Technician

*Lisa Cowart - Lead Technician I, Aquatic Ecology

Lisa Giencke - Lead Technician I, Plant Ecology

Jennifer L. Howze–Research Associate, Herpetology

*Noah Jansen – Lead Technician II, Forest Ecology

Gail Morris - Lead Technician I, Wildlife Ecology

Mary Frances Nieminen - Lead Research Technician I, Forest Ecology III

Evan Rea - Lead Research Technician I, Aquatic Ecology

Nathalie D. Smith – Lead Technician I, Aquatic Ecology

R. Scott Taylor – Lead Technician II, Forest Ecology

Research Support

Jean C. Brock - Information Technology Manager / Geographic Information Systems

Glenn D. Bailey, Jr. - Network Manager

Bryan Cloninger - Central Laboratory Technician

Micheal G. Simmons – Database / Data Analyst

Chandler “Lain” Alexander - IT and Network Support Technician

Elizabeth P. Cox - Science Librarian

Education

R. Kevin McIntyre - Education Coordinator

Appendix V 44 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

D. Woody Hicks - Education / Scientist, Groundwater Hydrology

Jessica D. McCorvey - Education Program Assistant

Mark A. Melvin - Education Technician / Conservation Management

Conservation

James B. Atkinson, Jr. - Natural Resource Manager

T. Scott Smith - Assistant Natural Resource Manager

Steven B. Jack - Conservation Ecologist

Brandon Rutledge - Conservation Biologist

Bobby E. Bass - Conservation Technician II

Mark A. Melvin - Conservation Management / Education Technician

Joel L. Rackley - Agricultural Specialist

David C. Varnadoe - Conservation Horticulturist

Maintenance and Operations

Dennis J. Williams - Maintenance Manager

Administration

Lindsay R. Boring - Director

Becky H. Gay – Business Administrator

Denise R. Rovig - Assistant to the Director

Cindy C. Craft – Administrative and Human Resource Assistant

Robert S. Lynch - Accountant

Rosanne B. Bohannon - Procurement Specialist / Accounting Assistant

Larry E. Ethridge - Security Supervisor

Appendix V 45 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

T. David Green - Security Ofﬁ cer

Jessica A. Hall - Receptionist

*has left the Center

Appendix V 46 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Guest Seminars

Aubrey, Dr. Doug. Assistant Professor of Biology, Georgia Southern University, Statesboro, Georgia. Forest Ecohydrology: Coupled water and carbon cycles.

Bosch, Dr. David. Research Hydraulic Engineer, USDA-ARS, Southeast Watershed Research Lab, Tifton, Georgia. Role of riparian forest in watershed scale hydrologic budget.

Brantley, Dr. Steven. Postdoctoral Researcher, Coweeta Hydrologic Laboratory, Otto, North Carolina. Drivers of change in forest water use in the Southern Appalachian Mountains.

Cohen, Dr. Matthew. Associate Professor, Forest Water Resources, Hydrology, University of Florida, Gainesville, Florida. Algal proliferation in Florida’s springs: Rumination on eutrophication in streams and rivers.

Freeman, Dr. Mary. Research Ecologist, USGS, Patuxent Wildlife Research Center, Institute of Ecology, University of Georgia, Athens, Georgia. Approaching ecological ﬂ ows through community dynamics.

Gawlik, Dr. Dale. Director, Environmental Science Program, Professor of Biological Sciences, Florida Atlantic University, Boca Raton, Florida.

Gonzalez-Benecke, Dr. Carlos. Research Associate in Forest Resources and Conservation, University of Florida, Gainesville, Florida. Using water relations measurements and concepts to understand forest water balance.

Hanula, Dr. James. Research Entomologist, USDA Forest Service, Forestry Sciences Laboratory, Athens, Georgia. Bees and Trees: The effects of forest structure and management on pollinators.

Jacobson, Dr. Harry. Professor Emeritus, Mississippi State University. White-tailed deer research and management: Past, present and future.

King, Rachel. M.S. Student, Odum School of Ecology, University of Georgia, Athens, Georgia. Spatial ecology and wetland use of aquatic turtles in the Coastal Plain of Georgia.

Magoulick, Dr. Daniel. Assistant Unit Leader, U.S. Geological Survey, Research Fish Biologist, Arkansas Cooperative Fish and Wildlife Research Unit and Professor, Department of Biological Sciences, University of Arkansas. Classifi cation of natural fl ow regimes and fl ow-ecology relationships in the Ozark-Ouachita Interior Highlands region.

Appendix VI 47 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c Director’s Report to the Trustees of Ichauway, Inc. April 7, 2015

Martin, Zachary. Biologist, U.S. Geologic Survey, Southeast Ecological Science Center, Gainesville, Florida. Revealing patterns in ﬁ sh diversity: Perspectives from studies in comparative morphology and stream ecology.

Marzolf, Dr. Erich. Director, Water Resources Division, Suwannee River Water Management District, Live Oak, Florida. Water quantity and quality management in the Suwannee River Water Management District, Florida.

McKay, Dr. Kyle. Research Civil Engineer, U.S. Army Corps of Engineers, U.S. Army Engineer Research and Development Center, Athens, Georgia. Informing ﬂ ow management decisions in the Middle Oconee River, Georgia.

Rains, Dr. Mark. Assistant Professor, School of Geociences, University of South Florida, Tampa, Florida.

Steinman, Dr. Alan. Director, Annis Water Resources Institute, Professor of Water Resources, Muskegon, Michigan. Watersheds and phosphorus: Degradation, restoration and occasional frustration.

Strickland, Dr. Timothy. USDA, Agricultural Research Service, Southeast Watershed Research, Supervisory Research Soil Scientist, Tifton, Georgia. Introduction to the long-term Agro-ecosystem Research Network: Gulf Atlantic Coastal Plain.

Tank, Dr. Jennifer. Stream Ecology and Biochemistry, Department of Biological Sciences, University of Notre Dame. Pairing in-stream and landscape conservation to reduce stream water nutrients exported from agricultural watersheds.

Appendix VI 48 ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425, Form 990-PF, Year 2014, Page 6, Part VII-B, Line 5c ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 6, Part VIII COMPENSATION OF TRUSTEES AND OFFICERS

( c )( d ) Contributions to (e) ( a ) Name and Address ( b ) Title Hours CompBenefit Plans Expenses Per 403b 457b** Insurance 457f** Week Benefits*

TRUSTEES:

James B. Williams Trustee 8 35,000 1,745 191 Peachtree Street, Suite 3540 Chairman Atlanta, Georgia 30303

James M. Sibley Trustee 1 25,000 1,745 191 Peachtree Street, Suite 3540 Vice- Atlanta, Georgia 30303 Chairman

Wilton Looney Trustee 1 25,000 1,745 191 Peachtree Street, Suite 3540 Atlanta, Georgia 30303

Charles H. McTier Trustee 1 25,000 1,745 191 Peachtree Street, Suite 3540 Atlanta, Georgia 30303

Jenner Wood Trustee 1 25,000 1,745 191 Peachtree Street, Suite 3540 Atlanta, Georgia 30303

TOTAL TRUSTEES 135,000 8,725

OFFICERS:

P. Russell Hardin President 23 237,527 9,562 7,726 20,264 18,341 1135 191 Peachtree Street, Suite 3540 Atlanta, Georgia 30303

J. Lee Tribble Treasurer 23 95,979 5,186 4,152 11,747 0 334 191 Peachtree Street, Suite 3540 retired Atlanta, Georgia 30303 6/30/2014

Erik S. Johnson Secretary 23 86,092 7,172 5,742 8,870 0 668 191 Peachtree Street, Suite 3540 Treasurer Atlanta, Georgia 30303 effective 7/1/14 21,920 17,620 40,881 18,341 TOTAL OFFICERS 419,59898,762 2,137

TOTAL - TRUSTEES & OFFICERS 554,598107,487 2,137

* Insurance: Trustees - Directors & Officers Liability only Officers - Directors & Officers Liability, Medical, Life, Disabililty, Dental, Workers Compensation and Travel Accident **457b and 457f not expensed and not included in Part I, Line 15 457f - unvested and contingent upon the employee working to a specified age. ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 990-PF, Year 2014, Page 8, Part X, Line 1e

As of January 1, 2014, the Foundation owned 63,152,741 shares of The Coca-Cola Company common stock. Grants totaling 912,376 shares of stock were given in 2014, reducing the final number of shares to 62,240,365 at December 31, 2014. These represent approximately 1.42 % of the total average of 4,387 million shares outstanding which is an insignificant decrease from the 2012 amount evaluated in the attached opinion letter.

The average monthly fair market value of the Foundation's Coca-Cola stock before applying the blockage discount was $2,573,552,049. Based upon the attached opinion letter from Shearwater Valuation Associates, the Foundation applied a blockage discount factor of 3.41%.

$2,573,552,049 @ 3.41% = $87,758,125

ROBERT W. WOODRUFF FOUNDATION, INC. - # 58-1695425 Form 990-PF, Year 2014, Page 10, Part XV, Line 2 INFORMATION REGARDING GRANT PROGRAMS

(a) P. Russell Hardin, President Robert W. Woodruff Foundation, Inc. 191 Peachtree Street, NE Suite 3540 Atlanta, Georgia 30303

Telephone: (404) 522-6755

(b) Application form not required. Proposals 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

(c) Grant applications are considered semi-annually in April and November for requests received by the first of February and September.

(d) Grants generally are limited to tax-exempt charities and selected governmental agencies located and operating in Georgia, with primary interest to the metropolitan Atlanta area. 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.

ROBERT W. WOODRUFF FOUNDATION, INC. - #58-1695425 Form 990-PF, Year 2014, Page 11, Part XV, Line 3b GRANTS APPROVED FOR FUTURE PAYMENT

Recipient Foundation Status Purpose of Grant Amount Emory University 201 Dowman Drive PC Investments in key priorities of Emory Medicine. $46,370,554 Atlanta, GA 30322 George West Mental Health Foundation, Inc. PC $18 million campaign to expand Skyland Trail facilities. $5,000,000 1961 North Druid Hills Road Atlanta, GA 30329 Georgia Public Broadcasting Development of the Georgia Studies Digital Textbook, including 260 14th Street, NW PC Learning Management System integration support, virtual field trips $450,000 Atlanta, GA 30318-5360 and immersive video games.

Georgia State University Continued support of the Georgia Health Policy Center's program to P.O. Box 3999 PC $360,000 educate and inform legislators regarding healthcare policy. Atlanta, GA 30302-3999

Georgia State University Completion of the block at 25 Park Place, including new classroom P.O. Box 3999 PC space for media production programs and streetscape improvements $20,800,000 Atlanta, GA 30302-3999 to GSU's Woodruff Park District.

Georgia Tech Foundation Georgia Institute of Technology PC Construction of the Engineered Biosystems Building. $11,000,000 Atlanta, GA 30332

Ichauway, Incorporated 3988 Jones Center Drive POF 2015 capital and operating needs. $9,400,000 Newton, GA 39870

Robert W. Woodruff Arts Center 1280 Peachtree Street, NE PC Comprehensive campaign for capital improvements and endowment. $36,000,000 Atlanta, GA 30309 Thomasville Center for the Arts 600 East Washington Street Support of $4.5 million campaign for immediate capital needs, PC $250,000 P.O. Box 2177 expansion and endowment. Thomasville, GA 31799 Zoo Atlanta Campaign to expand the Zoo by five acres, renovate the former 800 Cherokee Avenue, SE PC $20,000,000 Cyclorama building, and create a new elephant habitat. Atlanta, GA 30315-1440

GRANTS APPROVED FOR FUTURE PAYMENT $149,630,554

Foundation status of recipient: PC Public charity described in 509(a)(1) or (2) POF Private operating foundation (section 4942(j)(3)) other than an EOF SO I Type I supporting organization (sections 509(a)(3) and 509(a)(3)(B)(i)) other than an SO-DP SO III FI Functionally integrated type III supporting organization (sections 509(a)(3) and 509(a)(3)(B)(iii), and 4943(f)(5)(B)) other than an SO-DP