Timber

The Foundation timberland investment consists of 77,585 acres.

The timberland investment was valued at $180,708,000, at December 31, 2025.  Timber investment represents 37.4% of the net assets of the Foundation.  Timber is an asset with attributes of constancy in value, low volatility and a manageable cash flow.

Timber activities in fiscal year 2026 to date include:

• Revenue from the timber investment of $2.5 Million for the fiscal year 2026, through March 10, 2026.
  •  The revenue is generated from:
    • Clear-cut sales and pay-as-cut sales of 1,268 acres;
    • Thinning on 868 acres; and
    • 109 hunt leases on more than 76,000 acres.
• In December 2025, 2,052 acres were planted with ArborGen Mass Control Pollinated seedlings with projected greater volume.
• In fiscal year 2025, all Foundation timberland received American Tree Farm Certification, a mark of sustainable forest management.
• In Spring 2026, approximately 2,000 acres will be prepared to be planted in December 2026.

Total revenue from the sale of timber since the beginning of the Foundation’s timber operations has been more than $169 Million as of March 10, 2026.