TY 2021 ReductionExplanationStatement
Name:
Joseph B Whitehead Foundation
Explanation:
As of December 31, 2021 the Foundation owned 28,403,847 shares of The Coca-Cola Company common stock. These represent approximately .66% of the total 4.325 billion 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 4.29%. The average monthly fair value of the shares based on the per-share price was $1,553,037,633 and the blockage discount was $66,625,314.$1,553,037,633 @ 4.29% = $66,625,314