White organic light emitting diodes (WOLEDs) is becoming a new platform technology for a range of applications such as flat-panel displays, solid-state lightings etc., and are under intensive research. For general solid-state illumination applications, a WOLED’s color rendering index (CRI) and correlated color temperature (CCT) are two crucial parameters. This paper reports that WOLED device structures can be constructed using four stacked emission layers which independently emit lights at blue, green, yellow and red color respectively. The intensity of each emission layer is then engineered by funneling excitons to the targeted emission layer to achieve an ultrahigh 92 CRI at 5000 cd/m2, and to reduce CCT to below 2500 K.