Robert W Woodruff Health Sciences Center Fund Inc

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 08/2022, 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 08/2022, Robert W Woodruff Health Sciences Center Fund Inc generated $188.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $179.9m during the year ending 08/2022. While expenses have increased by 29.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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 A NEW BRAIN HEALTH PERSONALIZED MEDICINE INSTITUTE. 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 THREE SEPARATE INVESTMENT ACCOUNTS INTENDED TO SUPPORT DEVELOPMENT OF TWO MAJOR CAPITAL PROJECTS IN THE WOODRUFF HEALTH SCIENCES CENTER AND GROWTH IN THE RESEARCH CAPACITY FOR THE EMORY + CHILDREN'S PEDIATRIC RESEARCH INSTITUTE. IN THIS FISCAL YEAR, THE FUND DISBURSED $75,816,823 TO SUPPORT DEVELOPMENT OF THE SECOND HEALTH SCIENCES RESEARCH BUILDING (HSRB II) ON EMORY'S CLIFTON ROAD CAMPUS. HSRB II IS A $288 MILLION RESEARCH FACILITY WHICH WAS SUBSTANTIALLY COMPLETED IN NOVEMBER 2022. SEPARATELY, THE WOODRUFF FUND DISBURSED $58,005,931 TOWARD THE SECOND PROJECT, A CANCER HOSPITAL ADJACENT TO EMORY HOSPITAL MIDTOWN. COMPLETION OF THAT PROJECT IS EXPECTED IN EARLY 2023, WITH THE FIRST PATIENT TO BE SEEN IN THE NEW FACILITY EXPECTED IN MAY 2023. THE WOODRUFF FUND DISBURSED $7,010,100 IN THE FISCAL YEAR TOWARD A MULTI-YEAR PLAN TO RECRUIT PEDIATRIC INVESTIGATORS FOCUSED ON CHILDHOOD CANCER, CARDIAC AND BRAIN MEDICINE, SICKLE CELL DISEASE, AND CYSTIC FIBROSIS.


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Board, Officers & Key Employees

Name (title)Compensation
P Russell Hardin
President
$52,941
Erik S Johnson
Secretary/vice President
$29,324
Eli P Niepoky
Treasurer
$17,333
E Jenner Wood III
Trustee Chairman
$5,000
John G Rice
Trustee
$5,000
Thomas J Lawley
Trustee
$5,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Truist Bank
Investment Advisor
$403,563
Gannett Welsh & Kotler Llc
Investment Manager
$270,607
T Rowe Price Associates
Investment Manager
$181,235
Parametic
Investment Manager
$138,389
View All Vendors

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$37,500,058
Noncash contributions included in lines 1a–1f $37,500,058
Total Revenue from Contributions, Gifts, Grants & Similar$37,500,058
Total Program Service Revenue$0
Investment income $39,568,472
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $111,858,889
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $188,927,419

Grants Awarded

Over the last fiscal year, Robert W Woodruff Health Sciences Center Fund Inc has awarded $178,562,068 in support to 3 organizations.

Grant RecipientAmount

Atlanta, GA

PURPOSE: Support for Winship Midtown cancer hospital and HSRBII research building

$133,822,754

Atlanta, GA

PURPOSE: Support Winship Cancer Institute and Woodruff Health Sciences Center programs and facilities

$37,729,214

Atlanta, GA

PURPOSE: Support for pediatric research plan

$7,010,100
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Robert W Woodruff Health Sciences Center Fund Inc has recieved totaling $90,000,063.

Awarding OrganizationAmount
Robert W Woodruff Foundation Inc

Atlanta, GA

PURPOSE: DEVELOPMENT OF EMORY UNIVERSITY'S WINSHIP TOWER MIDTOWN AND HEALTH SCIENCES RESEARCH BUILDING II.

$70,000,020
Robert W Woodruff Foundation Inc

Atlanta, GA

PURPOSE: SUPPORT FOR EMORY + CHILDREN'S PEDIATRIC INSTITUTE RESEARCH PLAN.

$20,000,043
View Grant Recipient Profile

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