Timber

The Foundation timberland investment consists of 77,487 acres.

The timberland investment was valued at $175,240,000, at September 30, 2023. Timber investment represents 43.28% of the net assets of the Foundation.  Timber is an asset that exhibits constancy of value, low volatility, and a manageable cash flow.

Timber activities in fiscal year 2024 to date include:

  • Revenue from the timber investment of more than $2.183 Million from July 1 through November 30, 2023: The revenue is generated from:
    • Clear-cut sales of 1,042 acres and pay-as-cut sales ($1,570,000);
    • Thinning on more than 606 acres (approximately $88,000); and
    • 107 hunt leases leasing more than 76,000 acres ($521,000).
  • Site preparation of 1,391 acres for planting, using both burning and spraying, as well as bedding, was completed prior to planting in December 2023.
  • The 1,391 acres were planted with ArborGen Mass Control Pollinated seedlings with projected greater volume predicted than a usual loblolly seedling.

Total revenue from the sale of timber since the beginning of the Foundation’s timber operations has been more than $163,505,688.