Timber

The Foundation timberland investment consists of 77,567 acres.

The timberland investment was valued at $176,240,000, at March 31, 2024.  Timber investment represents 39.20% 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 $3 Million from July 1, 2023 through June 10, 2024.
  •  The revenue is generated from:
    • Clear-cut sales of 1,790 acres and pay-as-cut sales;
    • Thinning on more than 1,600 acres; and
    • 107 hunt leases on more than 76,000 acres.
• In December 2023, 1,391 acres were planted with ArborGen Mass Control Pollinated seedlings with projected greater volume.
• Plans are underway to plant 1,900 acres in December 2024.

Total revenue from the sale of timber since the beginning of the Foundation’s timber operations has been more than $164,397,444.