Sebacina sparassoidea

Sebacina sparassoidea, the white coral jelly fungus, is a species of fungus in the family Sebacinaceae. Its coral-like basidiocarps (fruit bodies) are typically a yellowish off-white and have a gelatinous and elastic texture. Found in eastern North America, in humid environments amongst rotting logs of deciduous trees, particularly oaks, it is often observed growing throughout the months of August to September....read more on Wikipedia.