Robert W Woodruff Health Sciences Center Fund Inc
- Assets
- $1.2b
- Revenue
- $94.3m
- Investments
- $429.3m
- Employees
- 14
- Location
- Atlanta, GA
- Founding
- 06/1996
- Data as of
- 08/2023
- EIN
- 58-2229271
Organization Overview
Robert W Woodruff Health Sciences Center Fund Inc is located in Atlanta, GA. The organization was established in 1996. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2023, Robert W Woodruff Health Sciences Center Fund Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert W Woodruff Health Sciences Center Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Robert W Woodruff Health Sciences Center Fund Inc generated $94.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $46.9m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (21.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE GRANTS AND CARRY ON OTHER ACTIVITIES TO SUPPORT AND BENEFIT THE ROBERT W. WOODRUFF HEALTH SCIENCES CENTER, A DIVISION OF EMORY UNIVERSITY WHICH INCLUDES ITS SCHOOLS OF MEDICINE, NURSING, AND PUBLIC HEALTH AND ITS MEDICAL RESEARCH LABORATORIES AND HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORE THAN HALF OF THE ANNUAL FUNDING DISTRIBUTED BY THE WOODRUFF FUND WAS DESIGNATED TO SUPPORT THE PROGRAMS AND FACILITIES OF THE WINSHIP CANCER INSTITUTE AT EMORY UNIVERSITY. WINSHIP IS GEORGIA'S ONLY NCI-DESIGNATED COMPREHENSIVE CANCER CENTER. WOODRUFF FUND GRANTS WERE USED TO RECRUIT AND RETAIN FACULTY FOR DUAL APPOINTMENTS AT EMORY'S MEDICAL SCHOOL AND THE WINSHIP CANCER INSTITUTE AND TO FUND SIGNIFICANT FACULTY RESEARCH PROJECTS IN CANCER PREVENTION, DETECTION AND TREATMENT. MORE THAN ONE-THIRD OF THE FUNDS DEDICATED TO SUPPORT PROGRAMS ARE USED TO SUPPORT WINSHIP'S CLINICAL TRIALS PROGRAM. OTHER SIGNIFICANT ALLOCATIONS OF PROGRAM FUNDS WERE MADE FOR INFORMATION TECHNOLOGY AND DATA MANAGEMENT, SUPPORT OF WINSHIP'S BIOSTATISTICS AND BIOINFORMATICS PROGRAMS, AND FOR SUPPORTING WINSHIP'S ADMINISTRATION, SHARED RESOURCES, AND ITS NCI CANCER CENTER SUPPORT GRANT. ALMOST HALF OF THE DISTRIBUTIONS TO WINSHIP ARE ALLOCATED TO PAY FOR FACILITIES.
WOODRUFF FUND GRANTS SUPPORTED STRATEGIC ACADEMIC AND RESEARCH INITIATIVES IN THE MEDICAL INSTITUTIONS THAT MAKE UP EMORY'S WOODRUFF HEALTH SCIENCES CENTER. SIGNIFICANT SUPPORT DURING THIS FISCAL YEAR WAS DIRECTED TO EMORY'S SCHOOL OF MEDICINE TO SUPPORT AN INNOVATION AWARDS GRANT PROGRAM AND BASIC SCIENCE TASK FORCE; TO EMORY'S GLOBAL HEALTH INSTITUTE; AND TO SUPPORT NEW RECRUITS TO LEAD PROGRAMS IN RADIOCHEMISTRY, ARTIFICIAL INTELLIGENCE, AND DIABETES RESEARCH. A SIGNIFICANT PORTION OF THE WOODRUFF FUND'S SUPPORT WAS ALSO USED TO SUSTAIN A "SYNERGY AWARDS" PROGRAM DESIGNED TO ENCOURAGE COLLABORATIVE INVESTIGATIONS ACROSS THE HEALTH SCIENCES CENTER'S INSTITUTIONS. ADDITIONAL SUPPORT WAS PROVIDED FOR STRATEGIC INVESTMENTS IN EMORY'S ROLLINS SCHOOL OF PUBLIC HEALTH; THE YERKES PRIMATE RESEARCH CENTER; THE GEORGIA CLINICAL AND TRANSLATIONAL SCIENCES ALLIANCE; AND EMORY'S IMMUNOLOGY AND VACCINE RESEARCH CENTER. A SIGNIFICANT PORTION OF THE DISTRIBUTIONS TO EMORY'S WOODRUFF HEALTH SCIENCES CENTER ARE USED TO PAY FOR FACILITIES, INCLUDING EMORY'S BIOMEDICAL RESEARCH FACILITIES AND SCHOOL OF MEDICINE BUILDING.
THE WOODRUFF FUND OVERSEES A SEPARATE INVESTMENT ACCOUNT INTENDED TO GROW RESEARCH CAPACITY FOR THE EMORY + CHILDREN'S PEDIATRIC RESEARCH INSTITUTE. IN THIS FISCAL YEAR, THE FUND DISBURSED ALMOST $6 MILLION TOWARD A MULTI-YEAR PLAN TO RECRUIT PEDIATRIC INVESTIGATORS FOCUSED ON CHILDHOOD CANCER, CARDIAC AND BRAIN MEDICINE, SICKLE CELL DISEASE, AND CYSTIC FIBROSIS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Jenner Wood III Trustee Chairman | Trustee | 2 | $5,000 |
M Douglas Ivester Trustee- Retired 03/28/2023 | Trustee | 1 | $5,000 |
John G Rice Trustee Vice Chairman | Trustee | 1 | $5,000 |
Thomas J Lawley Trustee- Retired 03/28/2023 | Trustee | 1 | $5,000 |
Timothy C Rollins Trustee | Trustee | 1 | $5,000 |
Lawrence L Gellerstedt III Trustee- Elected 03/28/2023 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truist Bank Investment Advisor | 8/30/23 | $199,069 |
T Rowe Price Associates Investment Manager | 8/30/23 | $171,132 |
Gannett Welsh & Kotler Llc Investment Manager | 8/30/23 | $118,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,500,036 |
| Noncash contributions included in lines 1a–1f | $17,500,036 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,500,036 |
| Total Program Service Revenue | $0 |
| Investment income | $45,116,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,648,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,265,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,984,140 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $164,470 |
| Compensation of current officers, directors, key employees. | $76,093 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,446 |
| Pension plan accruals and contributions | $11,102 |
| Other employee benefits | $24,166 |
| Payroll taxes | $10,950 |
| Fees for services: Management | $2,892 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $573,214 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,602 |
| Information technology | $7,893 |
| Royalties | $0 |
| Occupancy | $24,789 |
| Travel | $1,061 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,416 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $860 |
| Insurance | $3,392 |
| All other expenses | $378 |
| Total functional expenses | $46,914,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,202 |
| Savings and temporary cash investments | $262,617 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,567 |
| Investments—publicly traded securities | $732,445,064 |
| Investments—other securities | $429,305,567 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,349 |
| Total assets | $1,162,091,366 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $386 |
| Total liabilities | $386 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,162,090,980 |
| Total liabilities and net assets/fund balances | $1,162,091,366 |
Grants Awarded
Over the last fiscal year, Robert W Woodruff Health Sciences Center Fund Inc has awarded $45,984,140 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EMORY UNIVERSITY PURPOSE: Support Winship Cancer Institute and Woodruff Health Sciences Center programs and facilities | $40,000,000 |
EMORY UNIVERSITY PURPOSE: Support for pediatric research plan | $5,984,140 |