Form 990 for tax year 2024

Totals

Total revenue

$147,536,895

Total expenses

$67,930,180

Contributions and grants received

$0

Grants paid

$66,500,000

Program service revenue

$0

Investment income

$147,536,895

Other revenue

$0

Total assets, end of year

$1,294,856,818

Total liabilities, end of year

$1,974

Net assets or fund balances, end of year

$1,294,854,844

Program services expenses (Part IX)

$66,809,383

Management and general expenses

$1,120,797

Fundraising expenses

$0

Program service expenses (Part III)

$66,809,383

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• 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 were used to support Winship's clinical trials program. Other significant allocations of program funds were made for information technology and data management, support of Winship's biostatistics and bioinformatics programs, and for supporting Winship's administration, shared resources, and its NCI cancer center support grant. Almost half of the distributions to Winship are allocated to pay for facilities.In March 2024, the Woodruff Fund made a multi-year commitment to fund an extraordinary effort to grow Winship with a focus on improving the patient experience and better aligning research programs with patient care. Consistent with that commitment, the Woodruff Fund agreed to redesignate to the "Bigger, Better Winship" plan some funds previously paid to support Woodruff Health Sciences facilities and to increase distributions from the Woodruff Fund to Emory in future fiscal years. Accomplishments from this investment include hiring new clinical and research faculty, hiring patient navigators to support patient experience, increased digitization of pathology services and reduced patient wait and trial activation times.

  Expenses $44,872,295 · Grants $44,664,499

• Woodruff Fund grants supported strategic academic and research initiatives in Emory's medical schools and enterprises. Significant support during this fiscal year was directed to Emory's School of Medicine to recruit a new Vice President for Basic and Translational Research and to recruit a new Health Policy and Management Department Chair. The Woodruff Fund also invested in the research areas of brain health, AIDS, diabetes and maternal health, in addition to facility and equipment improvements to the Primate Center and the Biochemistry department. A significant portion of the distributions were used to pay for facilities, including Emory's biomedical research facilities and School of Medicine building.

  Expenses $17,692,432 · Grants $17,610,501

• 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 $4.225 million toward a multi-year plan to recruit pediatric investigators focused on childhood cancer and blood disorders and cardiac and brain medicine.

  Expenses $4,244,656 · Grants $4,225,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

• EMORY UNIVERSITY

  $62,275,000

  Support Winship Cancer Institute and Woodruff Health Sciences programs and facilities

• EMORY UNIVERSITY

  $4,225,000

  Support for pediatric research plan

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• Emory University

  501(C)(3) · Education, Research · GA

Provenance

Return type

form_990

Tax year

2024

Filed

13 January 2026

IRS schema version

2024v5.5

Source object

202630139349302008

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