TY 2020 ReductionExplanationStatement
Robert W Woodruff Foundation Inc
As of December 31, 2020, the Foundation owned 52,587,548 shares of The Coca-Cola Company common stock. These represent approximately 1.22% of the total 4,302 million shares outstanding. The fair value computed on the per-share price is not necessarliy what the Foundation would receive if a significant portion of the stock were sold because of the Foundation's large holding of the stock. The Foundation engaged an independent valuation consultant who calculated a blockage discount factor of 3.1%. The average monthly fair value of the shares based on the per-share price was $2,632,651,789 and the blockage discount was $81,612,205.$2,632,651,789 @ 3.1% = $81,612,205