TY 2020 ReductionExplanationStatement
Name:
Joseph B Whitehead Foundation
Explanation:
As of December 31, 2020 the Foundation owned 29,061,194 shares of The Coca-Cola Company common stock. These represent approximately .68% of the total 4,302 million shares outstanding. The fair value computed on the per-share price is not necessarily what the Foundation would receive if a significant portion of the stock were sold because of the Foundation's large holding. The Foundation engaged an independent valuation consultant who calculated a blockage discount factor of 1.95%. The average monthly fair value of the shares based on the per-share price was $1,451,368,991 and the blockage discount was $28,301,695.$1,451,368,991 @ 1.95% = $28,301,695