THE PAUL AND CAROL DAVID FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: THE PAUL AND CAROL DAVID FOUNDATION (EIN 34-1319236)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-11-11
IRS object ID: 202203159349100810
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Depreciation Schedule
Distribution From Corpus Election
Investments Other Schedule2
Land Etc Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-11-11T07:54:36-06:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	341341400	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	415 Group Inc	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4300 Munson Street NW	AddressLine1Txt
City	Canton	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44718	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	341319236	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Paul and Carol David Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	PAUL	BusinessNameControlTxt
Phone	3304790200	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4048 Dressler Rd NW 200	AddressLine1Txt
City	Canton	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44718	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Jeffrey David President	PersonNm
Person Title	President	PersonTitleTxt
Phone	3304790200	PhoneNum
Signature	2022-11-10	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Jeffrey	PersonFirstNm
Person Last	David President	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Kathleen S Krohn CPA	PreparerPersonNm
PTIN	P00360247	PTIN
Phone	3304920094	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$78,373,900	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$45	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$45	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$1,305,975	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,305,975	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$4,315,297	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$21,970,995	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$4,315,297	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$1,059,711	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$759,208	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$6,681,028	TotalRevAndExpnssAmt
Total Net Invst Incm	$6,380,525	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$75,239	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$22,410	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$48,029	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$277,957	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$94,777	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$183,180	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$95,281	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$27,560	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$58,535	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$3,404	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$681	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$0	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$4,061	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$2,843	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$1,218	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$1,987	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$596	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$596	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$74,454	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$24,691	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$12,428	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$1,982	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$0	DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss	$46,659	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$18,664	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$18,664	OccupancyDsbrsChrtblAmt
Other Expenses Rev And Expnss	$794,581	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$743,310	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$45,651	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,375,605	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$935,532	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$368,301	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,314,269	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,314,269	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$4,689,874	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$935,532	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$3,682,570	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$1,991,154	ExcessRevenueOverExpensesAmt
Net Investment Income	$5,444,993	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$195,587	CashBOYAmt
Cash EOY	$106,660	CashEOYAmt
Cash EOYFMV	$106,660	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$1,407,155	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$676,565	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$676,565	SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl BOY	$44,972	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$0	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$0	OtherNtsAndLoansRcvblEOYFMVAmt
Other Investments BOY	$39,355,268	OtherInvestmentsBOYAmt
Other Investments EOY	$43,207,564	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$52,353,377	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$157,517	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$108,284	LandBldgEquipAccumDeprecAmt
Land BOY	$51,215	LandBOYAmt
Land EOY	$49,233	LandEOYAmt
Land EOYFMV	$49,233	LandEOYFMVAmt
Other Assets BOY	$20,378,479	OtherAssetsBOYAmt
Other Assets EOY	$19,382,027	OtherAssetsEOYAmt
Other Assets EOYFMV	$25,188,065	OtherAssetsEOYFMVAmt
Total Assets BOY	$61,432,676	TotalAssetsBOYAmt
Total Assets EOY	$63,422,049	TotalAssetsEOYAmt
Total Assets EOYFMV	$78,373,900	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$61,432,676	RetainedEarningBOYAmt
Retained Earning EOY	$63,422,049	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$61,432,676	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$63,422,049	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$61,432,676	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$63,422,049	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$61,432,676	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$1,991,154	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$63,423,830	SubtotalAmt
Other Decreases	$1,781	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$63,422,049	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Fidelity - Capital Gains	P	2021-01-01	2021-12-31	$20,312,328	$17,655,698	$2,656,630	$2,656,630
Capital Gains/Losses from PTP's	P	2021-01-01	2021-12-31	$966,628		$966,628	$966,628
Capital Gains Dividends	P			$692,039		$692,039	$692,039

Field	Value	IRS element (for citing)
Capital Gain Net Income	$4,315,297	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$75,685	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$75,685	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$75,685	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$39,261	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$62,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$101,261	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$6	EsPenaltyAmt
Overpayment	$25,570	OverpaymentAmt
Applied To ES Tax	$25,570	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	OH	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	www.davidfoundation.org	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Walter J Stanislawski	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3304790200	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	4048 Dressler Rd NW 200	AddressLine1Txt
City	Canton	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44718	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	0	TransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
Carol David
4048 Dressler Rd NW 200	Canton	OH	44718	Chairperson	8.00	$0	$0	$0
Thomas G Knoll
4048 Dressler Rd NW 200	Canton	OH	44718	Trustee	2.00	$0	$0	$0
Jeffrey David
4048 Dressler Rd NW 200	Canton	OH	44718	President	35.00	$51,239	$29,541	$0
Scott F Whetstone
4048 Dressler Rd NW 200	Canton	OH	44718	Trustee	2.00	$24,000	$0	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt	Expense AccountExpenseAccountAmt
Walt Stanislawski
4048 Dressler Rd NW 200	Canton	OH	44718	Staff	40.00	$221,007	$43,631	$0
Christy Melert
4048 Dressler Rd NW 200	Canton	OH	44718	Staff	40.00	$56,950	$22,109	$0

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Oxford Financial Group	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	11711 North Meridian St Ste 600	AddressLine1Txt
City	Carmel	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46032	ZIPCd

Field	Value	IRS element (for citing)
Service Type	Investment Fees	ServiceTypeTxt
Compensation	$221,277	CompensationAmt

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	Support of local charitable organizations for development and maintenance of after-school projects and community development.	Description1Txt
Expenses1	$1,882,356	Expenses1Amt
Description2	Granting scholarships to qualified high school students in Stark County.	Description2Txt
Expenses2	$1,268,705	Expenses2Amt
Description3	Grants to local school districts and universities for operational expenses and educational programs.	Description3Txt
Expenses3	$97,528	Expenses3Amt
Description4	Grants to local churches for monthly support and building and improvements projects.	Description4Txt
Expenses4	$53,180	Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$76,595,325	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$384,864	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$76,980,189	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$76,980,189	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,154,703	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$75,825,486	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,791,274	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,791,274	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$75,685	TaxBasedOnInvestmentIncomeAmt
Total Tax	$75,685	TotalTaxAmt
Distributable Before Adj	$3,715,589	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$3,715,589	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$3,715,589	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$3,682,570	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$3,682,570	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,715,589	DistributableAsAdjustedAmt
Undistributed Income PY	$2,497,546	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$3,682,570	QualifyingDistributionsAmt
Applied To Year1	$2,497,546	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$1,185,024	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$2,530,565	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	Jeffrey David	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	4048 Dressler Rd NW 200	AddressLine1Txt
City	Canton	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44718	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	3304790200	RecipientPhoneNum
Form And Info And Materials	Applications to be requested from individual in 2(a) above.	FormAndInfoAndMaterialsTxt
Submission Deadlines	None.	SubmissionDeadlinesTxt
Restrictions On Awards	Scholarships to qualified high school students in Stark County, Ohio.	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (62 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
A Community Christmas
PO Box 20050	Canton	OH	44701	Charitable	$5,000
Akron Children's Hospital Foundation
One Perkins Square	Akron	OH	44308	Charitable	$1,000
Ashland University
401 College Avenue	Ashland	OH	44805	Scholarships	$14,000
Baldwin Wallace University
275 EASTLAND RD	BEREA	OH	44017	Scholarships	$7,000
Belmont University
1900 Belmont Blvd	Nashville	TN	37212	Scholarships	$7,000
Bishop's Appeal
PO Box 659	Youngstown	OH	445010659	Charitable	$1,500
Bowling Green State University
319 Administration Building	Bowling Green	OH	43403	Scholarships	$42,000
Boys & Girls Club of Massillon
730 Duncan Street SW	Massillon	OH	44647	Charitable	$101,700
Calvin University
3201 Burton SE	Grand Rapids	MI	49546	Scholarships	$7,000
Capital University
One College Main St	Columbus	OH	43209	Scholarships	$14,000
Case Western Reserve University
Hall Room 435 2049 Martin Luther	Cleveland	OH	441067049	Scholarships	$35,000	King Jr Drive
Cedarville University
251 North Main Street	Cedarville	OH	45314	Scholarships	$21,000
Cleveland State University
2121 Euclid Avenue	Cleveland	OH	441152214	Scholarships	$21,000
Clinton Community College
1000 Lincoln Blvd	Clinton	IA	52732	Scholarships	$860
Coastal Carolina University
PO Box 261954	Conway	SC	295286054	Scholarships	$7,000
College of Wooster
1189 Beall Avenue	Wooster	OH	44691	Scholarships	$21,000
Denison University
1 MAIN STREET	GRANVILLE	OH	43023	Scholarships	$7,000
Duke University
PO Box 90759	Durham	NC	27708	Scholarships	$7,000
Habitat for Humanity East Central Ohio
1400 Raff Road SW	Canton	OH	44710	Charitable	$75,000
Heidelberg University
310 E Market Street	Tiffin	OH	44883	Scholarships	$7,000
Help Hope Live
2 Radnor Corporate Center Suite 100	Radnor	PA	19087	Charitable	$8,000	100 Matsonford RD
Hiram College
Hinsdale Hall 3rd Floor	HIRAM	OH	44234	Scholarships	$14,000
Jacksonville University
2800 University Blvd N	Jacksonville	FL	32211	Scholarships	$7,000
John Carroll University
20700 North Park Blvd	University Hts	OH	44118	Scholarships	$14,000
Kent State University
PO Box 5190	Kent	OH	442420001	Scholarships	$193,584
Liberty University
PO Box 10425	Lynchburg	VA	24506	Scholarships	$14,000
Malone University
515 25th Street NW	Canton	OH	44709	Scholarships	$14,000
Marshall University
One John Marshall Drive	Huntington	WV	257554200	Scholarships	$7,000
Massillon Museum
121 Lincoln Way EastOhio	Massillon	OH	44646	Charitable	$50,000
Miami University (Ohio)
301 South Campus Ave Room 107	Oxford	OH	45056	Scholarships	$42,000
Ohio Northern University
525 South Main Street	Ada	OH	45810	Scholarships	$3,500
Ohio University
20 Chubb Hall	Athens	OH	45701	Scholarships	$115,500
Passthrough from Partnership K-1's
Various - 4048 Dressler Rd NW 200	Canton	OH	44718	Charitable	$156
Pensacola Christian College
250 Brent Lane	Pensacola	FL	32503	Scholarships	$7,000
Prevent Blindness Ohio Affiliate
6803 Mayfield Road Suite 111	Cleveland	OH	44124	Charitable	$3,500
Ronald McDonald House
141 West State Street	Akron	OH	44302	Charitable	$4,000
Seton Hill University
1 Seton Hill Drive	Greensburg	PA	15601	Scholarships	$7,000
Slippery Rock University
108 Maltby Ave Suite 107	Slippery Rock	PA	16057	Scholarships	$3,500
St Bonaventure University
PO Box 2448	St Bonaventure	NY	14778	Scholarships	$7,000
St Joseph's Church
322 Third Street SE	Massillon	OH	44646	Charitable	$41,680
St Vincent de Paul Society
c/o Ms Peggy Mang 214 Taggert NE	Massillon	OH	44646	Charitable	$10,000
Stark Community Foundation
220 Market Avenue South	Canton	OH	44702	Charitable	$1,600,000
Stark County Hunger Task Force
408 9th Street SW	Canton	OH	44707	Charitable	$40,000
Stark Economic Development Board
400 3rd Street SESuite 310	Canton	OH	44702	Charitable	$16,500
Stark Education Partnership
400 Market Avenue N B Plaza	Canton	OH	44702	Charitable	$47,528
Stark State College
6200 Frank Avenue NW	North Canton	OH	44720	Scholarships	$13,912
The Ohio State University
281 W Lane Ave	Columbus	OH	43210	Scholarships	$207,125
The University of Akron
PO Box 2260	Akron	OH	44309	Scholarships	$90,224
Tiffin University
155 Miami Street	Tiffin	OH	44883	Scholarships	$7,000
University of Cincinnati
PO Box 210140	Cincinnati	OH	452210140	Scholarships	$38,500
University of Dayton
300 College Park	Dayton	OH	454695029	Scholarships	$7,000
University of Michigan
2500 Student Activities Building	Ann Arbor	MI	481091316	Scholarships	$14,000	515 E Jefferson Street
University of Mount Union
1972 Clark Avenue	Alliance	OH	44601	Scholarships	$87,500
University of Toledo
2801 W Bancroft Street	Toledo	OH	436063390	Scholarships	$24,500
Walsh University
2020 East Maple Street	North Canton	OH	447203336	Scholarships	$56,000
West Virginia University
PO Box 6410	Morgantown	WV	265066410	Scholarships	$21,000
Westminster College
319 South Market Street	New Wilmington	PA	16172	Scholarships	$7,000
Wishes Can Happen
1170 South Main Street	North Canton	OH	44720	Charitable	$15,000
Wittenberg University
PO Box 720	Springfield	OH	455010702	Scholarships	$7,000
Xavier University
3800 VICTORY PARKWAY	CINCINNATI	OH	452074511	Scholarships	$7,000
YMCA of Western Stark County
131 Tremont Ave SE	Massillon	OH	44646	Charitable	$25,000
Youngstown State University
One University Plaza	Youngstown	OH	44555	Scholarships	$14,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,314,269	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$45	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,305,975	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$760,828	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$4,315,297	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	Ordinary Income (Loss) from PTP's	Desc
Business	900003	BusinessCd
Unrelated Business Taxbl Incm	$298,883	UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$298,883	UnrelatedBusinessTaxblIncmAmt
Exclusion	$6,382,145	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$6,681,028	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Accounting Fees	CategoryTxt
Amt	$4,061	Amt
Net Investment Income	$2,843	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$1,218	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (21 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt
Office Furniture - Ohio Desk	2006-02-28	$22,692	$22,692	SL	5.000000000000	$0	$0
2006 Schalarship Picture & Re-frame	2006-09-15	$1,636	$1,636	SL	5.000000000000	$0	$0
60" Pioneer Elite Pro-1540HD & installation	2007-06-14	$6,590	$6,590	SL	5.000000000000	$0	$0
Appliances - Home Appliance Co	2006-04-01	$2,012	$2,012	SL	5.000000000000	$0	$0
Carpet for new office buildout	2006-04-01	$14,492	$14,492	SL	7.000000000000	$0	$0
Conference Room Table & JD's Furniture	2006-06-01	$3,592	$3,592	SL	5.000000000000	$0	$0
Glass for convference room table	2006-12-27	$1,500	$1,500	SL	5.000000000000	$0	$0
Kitchen Furniture	2006-04-01	$380	$380	SL	5.000000000000	$0	$0
Mural	2010-12-06	$9,308	$9,308	SL	7.000000000000	$0	$0
Office Sign	2006-06-19	$2,306	$2,306	SL	5.000000000000	$0	$0
Old World Classics	2006-08-09	$5,586	$2,013	SL	40.000000000000	$140	$0
Ouitside Sign	2006-08-01	$480	$461	SL	15.000000000000	$19	$0
Passage of Time I, II, & III Art Pieces	2007-05-29	$4,164	$4,164	SL	5.000000000000	$0	$0
Pictures	2006-07-25	$2,426	$2,426	SL	5.000000000000	$0	$0
Reception Area - 4 Chairs	2006-07-20	$3,660	$3,660	SL	5.000000000000	$0	$0
Reception Area - Round Table (2)	2006-10-06	$1,482	$1,482	SL	5.000000000000	$0	$0
Reception Table & Two Lamps	2006-07-27	$440	$440	SL	5.000000000000	$0	$0
Schoeppner - Office Buildout	2006-04-01	$67,439	$24,868	SL	40.000000000000	$1,686	$0
Shelves in Utility Room (Schoeppner)	2006-05-17	$766	$281	SL	40.000000000000	$19	$0
Telephone System	2020-07-30	$4,616	$49	SL	39.000000000000	$118	$0
Website Redesign (A&G LLC)	2009-09-16	$1,950	$1,950	SL	3.000000000000	$0	$0

Distribution From Corpus Election DistributionFromCorpusElection

Field	Value	IRS element (for citing)
Election	ELECTION UNDER IRC REG. 53.4942(a)-3(d)(2):Pursuant to IRC section 4942(h)(2) and Regulation 53.4942(a)-3(d)(2), The Paul and Carol David Foundation hereby elects to treat $2,463,141 of the current year's qualifying distributions in excess of the immediately preceeding year's undistributed income as being made out of corpus._________________________________ ____________Signature Date	ElectionDesc

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	Mutual Funds	CategoryOrItemTxt
Listed At Cost Or FMV	AT COST	ListedAtCostOrFMVCd
Book Value	$43,207,564	BookValueAmt
EOYFMV	$52,353,377	EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (21 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
Office Furniture - Ohio Desk	$22,692	$22,692	$0	$0
2006 Schalarship Picture & Re-frame	$1,636	$1,636	$0	$0
60" Pioneer Elite Pro-1540HD & installation	$6,590	$6,590	$0	$0
Appliances - Home Appliance Co	$2,012	$2,012	$0	$0
Carpet for new office buildout	$14,492	$14,492	$0	$0
Conference Room Table & JD's Furniture	$3,592	$3,592	$0	$0
Glass for convference room table	$1,500	$1,500	$0	$0
Kitchen Furniture	$380	$380	$0	$0
Mural	$9,308	$9,308	$0	$0
Office Sign	$2,306	$2,306	$0	$0
Old World Classics	$5,586	$2,153	$3,433	$3,433
Ouitside Sign	$480	$480	$0	$0
Passage of Time I, II, & III Art Pieces	$4,164	$4,164	$0	$0
Pictures	$2,426	$2,426	$0	$0
Reception Area - 4 Chairs	$3,660	$3,660	$0	$0
Reception Area - Round Table (2)	$1,482	$1,482	$0	$0
Reception Table & Two Lamps	$440	$440	$0	$0
Schoeppner - Office Buildout	$67,439	$26,554	$40,885	$40,885
Shelves in Utility Room (Schoeppner)	$766	$300	$466	$466
Telephone System	$4,616	$167	$4,449	$4,449
Website Redesign (A&G LLC)	$1,950	$1,950	$0	$0

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	Legal Fees	CategoryTxt
Legal Fees	$3,404	LegalFeesAmt
Net Investment Income	$681	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (31 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Baxter Street Fund II	$1,931,361	$2,189,766	$2,518,679
Regent Street Appraisal Rights Fund	$183,145	$21,766	$6,659
Regent Street Co-Investment Fund 2018-5	$1,143,163	$1,298,419	$1,849,066
Regent Street Co-Investment Fund 2021-1	$0	$222,096	$230,970
Regent Street Energy Opportunities Q, LLC	$377,973	$385,424	$2,201,270
Regent Street Energy Opportunities Q-II *	$308,971	$491,723	$851,630
Regent Street Global Private Equity WP, LLC	$797,534	$698,705	$1,240,517
Regent Street Growth Equity Fund	$1,137,694	$1,275,045	$1,966,521
Regent Street Healthcare Fund R	$741,476	$801,759	$863,943
Regent Street Middle Market Buyout Fund C	$0	$112,632	$105,564
Regent Street Middle Market Buyout Fund J	$231,437	$645,698	$646,111
Regent Street Middle Market Buyout Fund G	$773,375	$733,269	$1,188,743
Regent Street Opportunistic Real Estate, LLC	$436,831	$352,610	$589,519
Regent Street Power Fund	$451,071	$1,009,096	$952,833
Regent Street Real Estate Fund S	$125,935	$190,828	$236,875
Regent Street Secondary Fund G	$407,055	$496,550	$666,732
Regent Street Secondary Institutional Fund	$1,348,703	$1,370,843	$774,584
Regent Street Secondary RV-II	$1,334,122	$1,321,861	$1,859,836
Regent Street Special Situations	$554,709	$20,244	$320,112
Regent Street Specialty Finance Fund VP	$1,228,438	$731,766	$816,044
Riverside Capital Appreciation Fund	$200,456	$201,208	$212,432
Savile Row Ab Multi-Strategy Institutional, LLC	$66,970	$0	$16,954
Savile Row Managed Futures T, LLC	$0	$0	$24
Savile Row Financials Hedged	$1,379,140	$0	$0
Savile Row Heathcare Hedged Equity	$64,346	$59,564	$72,055
Savile Row Life Settlement Fund *	$1,657,509	$0	$0
Berkshire Hedged Equity, LLC*	$0	$2,113,655	$2,429,399
Berkshire SP Hedged Equity, LLC*	$2,100,000	$2,337,500	$2,184,567
Savile Row Opportunistic Credit Fund	$1,097,065	$0	$0
Savile Row LLC Holdback	$0	$0	$86,426
Patriot Software	$300,000	$300,000	$300,000

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	Non-Deductible Expenses from PTP's	Desc
Amt	$1,781	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Advertising	$3,028	$0	$3,028
Administration Expense	$2,177	$2,177	$0
David Scholar Dinner	$3,815	$0	$3,815
Insurance	$1,784	$1,597	$0
Investment Expenses - K-1	$48,629	$48,629	$0
Investment Management Fees	$255,569	$255,569	$0
Cleaning and Miscellaneous	$6,075	$2,430	$2,430
Payroll Service Fees	$1,953	$488	$0
Telephone	$2,818	$705	$1,409
Website	$27,784	$0	$27,784
Copier Lease	$2,049	$0	$0
Office Supplies	$2,370	$1,185	$1,185
Other Expenses - K-1	$430,530	$430,530	$0
Software License Fee	$6,000	$0	$6,000

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (5 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
Dividends From PTP's	$372,880	$372,880	$372,880
Interest From PTP's	$102,682	$101,062	$102,682
Ordinary Income (Loss) From PTP's	$283,621	$283,621	$283,621
Other Investment Income (Loss)	$1,645	$1,645	$1,645
Ordinary Income (Loss) from PTP's	$298,883		$298,883

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	Professional Fees	CategoryTxt
Amt	$1,987	Amt
Net Investment Income	$596	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$596	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Excise	$35,000	$0	$0
Foreign Taxes	$18,363	$18,363	$0
Payroll Taxes	$21,091	$6,328	$12,428