DAVIS EDUCATIONAL FOUNDATION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- DAVIS EDUCATIONAL FOUNDATION (EIN 04-2864042)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-08-06
- IRS object ID
- 201412189349300951
- Schema version
- 2013v3.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-08-06T12:21:37-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010523282 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1100 | AddressLine1 |
| City | Portland | City |
| State | ME | State |
| ZIP Code | 041041100 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042864042 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Davis Educational Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DAVI | BusinessNameControlTxt |
| Phone | 2078469132 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Forest Falls Drive No 5 | AddressLine1 |
| City | Yarmouth | City |
| State | ME | State |
| ZIP Code | 04096 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Anne M Vaillancourt | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Phone | 2078469132 | PhoneNum |
| Signature | 2014-08-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Barbara J McGuan CPA | PreparerPersonNm |
| PTIN | P00219457 | PTIN |
| Phone | 2077752387 | PhoneNum |
| Preparation | 2014-08-05 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Anne M Vaillancourt | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Forest Falls Drive No 5 | AddressLine1 |
| City | Yarmouth | City |
| State | ME | State |
| ZIP Code | 04096 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,026,311 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | davisfoundations.org | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 1985 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | Awards Grants | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 5 | TotalEmployeeCnt |
| Total Volunteers | 1 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $500,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,480,919 | PYInvestmentIncomeAmt |
| CY Investment Income | $9,907,849 | CYInvestmentIncomeAmt |
| PY Other Revenue | $126,663 | PYOtherRevenueAmt |
| CY Other Revenue | $143,586 | CYOtherRevenueAmt |
| PY Total Revenue | $3,107,582 | PYTotalRevenueAmt |
| CY Total Revenue | $10,051,435 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,831,343 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,379,414 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $410,742 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $442,701 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $439,236 | PYOtherExpensesAmt |
| CY Other Expenses | $438,490 | CYOtherExpensesAmt |
| PY Total Expenses | $4,681,321 | PYTotalExpensesAmt |
| CY Total Expenses | $4,260,605 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,573,739 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,790,830 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $97,105,803 | TotalAssetsBOYAmt |
| Total Assets EOY | $108,096,899 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,236,785 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,306,934 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $94,869,018 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $105,789,965 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To strengthen the undergraduate programs of public and private, regionally accredited baccalaureate degree granting colleges and universities located in New England through grants. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,535,206 | ExpenseAmt |
| Grant | $3,379,414 | GrantAmt |
| Desc | Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for 2013 grants approved. | Desc |
| Total Program Service Expenses | $3,535,206 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 5 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Anne Vaillancourt | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2078469132 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Forest Falls Drive No 5 | AddressLine1 |
| City | Yarmouth | City |
| State | ME | State |
| ZIP Code | 04096 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| William S Reed | ||||||
| Chairman | 12.00 | Yes (X) | Yes (X) | $40,000 | $0 | $0 |
| Peter K Davis | ||||||
| Trustee | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Sister M Therese Antone | ||||||
| Trustee | 8.00 | Yes (X) | $25,000 | $0 | $0 | |
| Richard W Cost | ||||||
| Trustee | 8.00 | Yes (X) | $25,000 | $0 | $0 | |
| Judith B Wittenberg | ||||||
| Trustee | 8.00 | Yes (X) | $25,000 | $0 | $0 | |
| Edward MacKay | ||||||
| Trustee | 8.00 | Yes (X) | $21,233 | $0 | $0 | |
| Anne M Vaillancourt | ||||||
| Executive Director | 16.00 | Yes (X) | $91,121 | $0 | $14,514 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $227,354 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $14,514 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,022,697 | TotalRevenueColumnAmt |
| Exclusion | $1,022,697 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,860,028 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,974,876 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,885,152 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,885,152 | TotalRevenueColumnAmt |
| Exclusion | $8,885,152 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Management Fees | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $143,586 | TotalRevenueColumnAmt |
| Exclusion | $143,586 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $143,586 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,051,435 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $10,051,435 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,379,414 | TotalAmt |
| Program Services | $3,379,414 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $241,868 | TotalAmt |
| Program Services | $136,233 | ProgramServicesAmt |
| Management And General | $105,635 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,751 | TotalAmt |
| Management And General | $155,751 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,224 | TotalAmt |
| Management And General | $10,224 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,342 | TotalAmt |
| Management And General | $15,342 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,516 | TotalAmt |
| Management And General | $19,516 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,636 | TotalAmt |
| Management And General | $10,636 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $361,886 | TotalAmt |
| Management And General | $361,886 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,318 | TotalAmt |
| Management And General | $9,318 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,650 | TotalAmt |
| Management And General | $5,650 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,127 | TotalAmt |
| Management And General | $14,127 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,559 | TotalAmt |
| Program Services | $19,559 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,653 | TotalAmt |
| Management And General | $7,653 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,818 | TotalAmt |
| Management And General | $1,818 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| Temporary Hire | $3,415 | $3,415 |
| Dues | $2,675 | $2,675 |
| Miscellaneous | $1,753 | $1,753 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,260,605 | TotalAmt |
| Program Services | $3,535,206 | ProgramServicesAmt |
| Management And General | $725,399 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $980,730 | BOYAmt |
| EOY | $629,860 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,205,522 | BOYAmt |
| EOY | $75,594,618 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,919,551 | BOYAmt |
| EOY | $17,920,594 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $13,951,827 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,105,803 | BOYAmt |
| EOY | $108,096,899 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,441 | BOYAmt |
| EOY | $28,658 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,179,506 | BOYAmt |
| EOY | $2,245,053 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,838 | BOYAmt |
| EOY | $33,223 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,236,785 | BOYAmt |
| EOY | $2,306,934 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,869,018 | BOYAmt |
| EOY | $105,789,965 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,869,018 | BOYAmt |
| EOY | $105,789,965 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,105,803 | BOYAmt |
| EOY | $108,096,899 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $5,790,830 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,130,117 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Certification | Yes (X) | CertificationInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Supported Org Information SupportedOrgInformationGrp (2 entries)
| EINEIN | Organization TypeOrganizationTypeDesc | Governing Document ListedGoverningDocumentListedInd | Supported Org NotifiedSupportedOrgNotifiedInd | US OrganizedUSOrganizedInd | SupportSupportAmt |
|---|---|---|---|---|---|
| Wellesley College | |||||
| 042103637 | 2 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Dartmouth College | |||||
| 020222111 | 2 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LLC and Limited Partnership Interests | Desc |
| Book Value | $17,920,594 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $17,920,594 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Investment Sales Proceeds Receivable | $13,916,270 |
| Due From Related Parties | $35,557 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $13,951,827 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Due To Related Parties | Desc |
| Amt | $33,223 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $33,223 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $14,676,080 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $5,130,117 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $5,130,117 | RevenueNotReportedAmt |
| Revenue Subtotal | $9,545,963 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $361,886 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $143,586 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $505,472 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $10,051,435 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,755,133 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,755,133 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $361,886 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $143,586 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $505,472 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,260,605 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part XI, Line 4b - Other Adjustments: | Management Fees 143,586. |
| Part XII, Line 4b - Other Adjustments: | Management Fees 143,586. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (20 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| The Boston Conservatory | ||||||||
| 8 The Fenway | Boston | MA | 02215 | 042126597 | 501(c)(3) | $156,915 | To support faculty development for new academic initiatives and curricular changes to foster greater integration of the liberal arts in the artistic disciplines. | |
| Emerson College | ||||||||
| 120 Boylston Street | Boston | MA | 021164624 | 041286950 | 501(c)(3) | $200,000 | To support new curriculum in response to technological and information trends in the communication sector and to pilot revised processes for future curriculum revision. | |
| Fitchburg State University | ||||||||
| 160 Pearl Street | Fitchburg | MA | 014202697 | 046002284 | 501(c)(3) | $200,000 | To establish web-based academic advising, degree audit, and transfer articulation tools to help students and their advisors optimize curriculum requirements and establish a plan for graduation within four years. | |
| Forum for the Future of Higher Education | ||||||||
| MIT E48-402 238 Main Sreet | Cambridge | MA | 02142 | 043333819 | 501(c)(3) | $300,000 | To support on campus, WGBH Higher Education Desk's programming on trends in higher education. | |
| Green Mountain College | ||||||||
| One Brennan Ciricle | Poultney | VT | 057641199 | 030179299 | 501(c)(3) | $293,500 | To support a comprehensive program in the first and sophomore year program that improves retention and reduces time to degree while improving academic performance and enhancing preparation for post-graduate opportunities. | |
| Lasell College | ||||||||
| 1844 Commonwealth Avenue | Newton | MA | 024662716 | 042103585 | 501(c)(3) | $180,500 | To develop an integrated curriculum that engages students at every stage of their intellectual and professional development, achieves measurable learning outcomes, and links liberal arts learning with the habits, dispositions and methodologies of students' majors. | |
| Massachusetts College of Liberal Arts | ||||||||
| 375 Church Street | North Adams | MA | 012474100 | 046002284 | 501(c)(3) | $25,000 | To explore options for increasing four-year graduation rates through expanded advising practices and the use of data analytics. | |
| Merrimack College | ||||||||
| 315 Turnpike Street | North Andover | MA | 01845 | 042103731 | 501(c)(3) | $200,000 | To create a Center for Excellence in Teaching and Learning to improve student learning outcomes through improved teaching practice and pedagogies. | |
| Mount Holyoke College | ||||||||
| 50 College Street | South Hadley | MA | 010751496 | 042103578 | 501(c)(3) | $175,000 | To create a dynamic model of the College's financial operations, allowing for the examination of potential reductions or consolidations in real time, and project their likely impact. | |
| New England Board of Higher Education | ||||||||
| 45 Temple Place | Boston | MA | 021111305 | 042207418 | 501(c)(3) | $98,000 | To underwrite the Leadership Summit on Cost in Higher Education for college and university presidents, trustees, chief academic officers and chief financial officers. | |
| New England Board of Higher Education | ||||||||
| 45 Temple Place | Boston | MA | 021111305 | 042207418 | 501(c)(3) | $57,500 | To research, analyze and develop a whitepaper and conduct roundtables on current and alternative business models for higher education. | |
| Rivier University | ||||||||
| 420 Main Street | Nashua | NH | 030605086 | 020223339 | 501(c)(3) | $105,000 | To develop courses and an assessment plan for the first two years of the new core curriculum. The core curriculum is focused on foundational skills and knowledge, as well as the psychosocial well-being and growth of students. | |
| Roger Williams University | ||||||||
| One Old Ferry Road | Bristol | RI | 028092921 | 050277222 | 501(c)(3) | $120,000 | To support faculty in implementing community engagement opportunities that allow students to build critical thinking skills and work on complex, real-world projects. | |
| Southern New Hampshire University | ||||||||
| 2500 North River Road | Manchester | NH | 031061045 | 020274509 | 501(c)(3) | $205,550 | To support curricular and pedagogical research, implementation, and training to extend a three-year program option to the entire undergraduate business population. | |
| Thomas College | ||||||||
| 180 West River Road | Waterville | ME | 04901 | 010563385 | 501(c)(3) | $135,731 | To pilot a compressed, intensive three-year Bachelor of Science program designed to reduce costs for students pursuing degrees in business-related fields. | |
| Tufts University | ||||||||
| Ballou Hall 2nd Floor | Medford | MA | 02155 | 042103634 | 501(c)(3) | $94,355 | To leverage the educational benefits of student diversity, reflect on teaching practices, and develop a set of best practices for creating classroom environments where all students can learn. | |
| University of Hartford | ||||||||
| 200 Bloomfield Avenue | West Hartford | CT | 06117 | 060731360 | 501(c)(3) | $222,958 | To revise thirteen introductory, gateway, and critical upper-level courses by using a flipped classroom approach to improve student learning in the majors. | |
| University of Maine at Presque Isle | ||||||||
| 181 Main Street | Presque Isle | ME | 04769 | 016000769 | 501(c)(3) | $197,946 | To support faculty in transitioning the University curriculum to a proficiency-based educational model. | |
| University of New England | ||||||||
| 11 Hills Beach Road | Biddeford | ME | 040059599 | 010211810 | 501(c)(3) | $120,000 | To facilitate the inclusion of digital literacy projects in core curriculum humanities courses, pilot a scalable writing fellows program, and reduce the number of developmental writing course sections. | |
| University of Vermont | ||||||||
| 353 Waterman Building 85 South | Burlington | VT | 054050160 | 030179440 | 501(c)(3) | $291,459 | To support implementation and assessment of a campus-wide writing and information literacy skills initiative. | Prospect Street |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 20 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Organization conducts site visits for colleges/universities seeking funding and requires progress and completion reports from the grantee. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | The Executive Director and the chairman of the board review Form 990 prior to the document's filing, and the Executive Director signs the return. |
| Form 990, Part VI, Section B, line 12c | The trustees disclose potential conflicts of interest annually. The disclosures are identified on a conflict of interest disclosure form. At the time the form is completed, the trustees discuss the disclosures to ensure no conflicts of interest exist. |
| Form 990, Part VI, Section B, line 15 | Employee performance and salary reviews are conducted annually on the anniversary of employment and consist of: a performance review, a determination of whether the employee's salary is consistent within the industry, and a determination as to whether the yearly increases reflect merit, inflation, and/or changes of responsibilities. The employee will provide a narrative of accomplishments over the past year and a description of goals for the upcoming year. |
| Form 990, Part VI, Section C, line 19 | The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. |
| Form 990, Page 7, Part VII: | Four of five trustees of the Davis Educational Foundation receive trustee fees annually, prorated for the amount of time each trustee has been on the board. Peter Davis is a family member and does not receive any compensation from the Foundation in any form. The Davis Educational Foundation supports payment of trustee fees because of the significant work necessary when evaluating applicants. The trustees conduct site visits for colleges/universities seeking funding, and therefore, they travel throughout New England. Site visits are conducted by trustees in order to properly evaluate the grantee applications. The Organization contends that these payments do not impair the independence of its trustees. |
| Schedule A, Part I, Line 11: | Per the declaration of trust, a majority of the trustees shall be appointed by the representative supported organization. The trustees determine the recipients of the Davis Educational Foundation grants each year. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Wellesley College | ||||||||||
| 106 Central Street | Wellesley | MA | 024818203 | 042103637 | Educational Institution | MA | 501(c)(3) | Line 2 | N/A | 0 |
| Dartmouth College | ||||||||||
| 37 Dewey Field Road | Hanover | NH | 037551417 | 020222111 | Educational Institution | NH | 501(c)(3) | Line 2 | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |