2022-10-05T11:41:50-05:00 2021-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2021-01-01 042864042 Davis Educational Foundation DAVI 2078469132 30 Forest Falls Drive 5 Yarmouth ME 04096 Yvonne B Mumme Chief Finance and Admin Officer 2078469132 2022-10-03 1 Yvonne Mumme 999009999 Joseph R Byrne P01289281 2077752387 2022-10-03 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Yvonne B Mumme 30 Forest Falls Drive 5 Yarmouth ME 04096 13343112 0 X davisfoundations.org X 1985 MA Awards Grants 6 6 5 1 17056 16056 0 10000 0 0 3859473 8881706 208205 244010 4067678 9135716 6310505 4167298 0 0 622546 640469 0 0 0 524755 593831 7457806 5401598 -3390128 3734118 118032353 128309090 2512843 2597811 115519510 125711279 To strengthen the undergraduate programs of public and private, regionally accredited baccalaureate degree granting colleges and universities located in New England through grants. 0 0 4556594 4167298 30368 Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for grants approved. 4556594 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 5 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 MA CA X Yvonne Mumme 2078469132 30 Forest Falls Drive 5 Yarmouth ME 04096 Edward MacKay Chairman 12.00 0.00 X X 40000 0 0 Sister M Therese Antone Trustee 8.00 0.00 X 25000 0 0 Richard W Cost Trustee 8.00 0.00 X 25000 0 0 Peter K Davis Trustee 8.00 0.00 X 0 0 0 Richard Freeland Trustee 8.00 0.00 X 25000 0 0 Judith B Wittenberg Trustee 8.00 0.00 X 25000 0 0 Yvonne B Mumme Chief Finance & Admin. Officer 16.00 0.00 X 126610 0 14541 Leanne Greeley Bond Director of Grants & Programs 40.00 0.00 X 127057 0 20071 393667 0 34612 2 0 0 0 Wellington Management Company 280 Congress Street Boston MA 02210 Investment Management 164570 Sanderson Asset Management Inc 10685-B Hazelhurst Drive 28293 Houston TX 77043 Investment Management 123113 Prime Buhholz & Associates 273 Corporate Drive Suite 250 Portsmouth NH 03801 Investment Consulting 101116 3 10000 10000 729447 17056 712391 12359655 4207396 8152259 8152259 8152259 Management Fees 900099 197268 197268 Returned Grants 900099 30368 30368 Other Revenue 900099 16374 16374 244010 9135716 30368 17056 9078292 4167298 4167298 280830 119000 161830 286661 179830 106831 13700 12628 1072 28217 17439 10778 31061 12724 18337 11900 11900 522271 522271 11265 8358 2907 20991 19931 1060 18119 13045 5074 1037 1033 4 1672 915 757 Dues 4987 3684 1303 Miscellaneous 1589 709 880 5401598 4556594 845004 0 3366821 5358746 81437237 80998223 33175481 41897114 52814 55007 118032353 128309090 87527 83040 2385546 2464312 39770 50459 2512843 2597811 X 115519510 125711279 115519510 125711279 118032353 128309090 3734118 6457651 0 X 0 1 X 1 0 X X 3 Wellesley College 042103637 2 1 0 0 Northeastern University 041679980 2 1 249998 0 University System of New Hampshire 026000937 2 1 0 0 3 249998 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 Part IV, Section B, Line 2 The supported organizations identified in Form 990, Schedule A, Part I appoint trustees who represent the charitable class benefited by the mission of the Organization and its supported organizations. These same trustees have a majority vote on the Organization's board and approve all granting decisions. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LLC and Limited Partnership Interests 41897114 F 41897114 Due To Related Parties 50459 50459 14843460 6457651 6457651 8385809 522271 227636 749907 9135716 4651691 0 4651691 522271 227636 749907 5401598 Part XI, Line 4b - Other Adjustments: Management Fees 197,268. Prior Year Grant Recovery 30,368. Part XII, Line 4b - Other Adjustments: Management Fees 197,268. Prior Year Grant Recovery 30,368. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 5649685 0 0 0 0 0 0 5649685 0 5649685 0 0 1 0 0 0 Part III Accounting Method: 1 University of Maine - Presque Isle 181 Main St Presque Isle ME 04769 016000769 501(c)(3) 159976 0 Revising General Education for 21st Century Learners: Tackling Wicked Problems through Experiential Learning Rivier University 420 Main Street Nashua NH 030605086 020223339 501(c)(3) 233749 0 Teaching, Technology, and Student Engagement New England College 98 Bridge Street Henniker NH 032423298 020223955 501(c)(3) 225000 0 Access NEC Franklin Pierce University 40 University Drive Rindge NH 03461 020263136 501(c)(3) 10000 0 Academic Student Support Services and Policy Review Middlebury College 14 Old Chapel Road Middlebury VT 05753 030179298 501(c)(3) 143000 0 Public Humanities Labs Initiative Bennington College Corporation 1 College Drive Bennington VT 052010000 030179414 501(c)(3) 300000 0 Restructuring Academic Leadership to Strengthen the Student Experience Sterling College 16 Sterling Drive Craftsbury Common VT 05827 030197728 501(c)(3) 60000 0 Improving Student Success Using Data-Informed Strategies - Year 2 Vermont State Colleges System PO Box 7 Montpelier VT 05601 030213787 Vermont 281000 0 Creating a Strong Foundation for Academic Programs Optimization Emerson College 120 Boylston Street Boston MA 021164624 041286950 501(c)(3) 213713 0 Teaching through Community Partnerships: A Faculty Development Initiative to Expand Civically Engaged Pedagogy Northeastern University 360 Huntington Avenue Boston MA 021155000 041679980 501(c)(3) 249998 0 Improving Student Support Through Experimentation with Student Engagement Anna Maria College 50 Sunset Ln Box K Paxton MA 01612 042002060 501(c)(3) 25000 0 Assessment Implementation Mentors: AIM for Excellence Endicott College 376 Hale Street Beverly MA 01915 042103567 501(c)(3) 10000 0 Financial Modelling Implementation Lasell University 1844 Commonwealth Ave Newton MA 024662709 042103585 501(c)(3) 282345 0 Career Readiness Through Connected Learning Simmons University 300 The Fenway Boston MA 021155898 042103629 501(c)(3) 10000 0 Reflections on Online Course Delivery Merrimack College 315 Turnpike Street North Andover MA 01845 042103731 501(c)(3) 145523 0 First Year Explorations and Enduring Questions Marine Biological Laboratory 7 MBL Street Woods Hole MA 02543 042104690 501(c)(3) 249898 0 Undergraduate Program in Biomedical Science Boston Library Consortium 31 Hayward Street Suite 2F Franklin MA 02038 042605198 501(c)(3) 85000 0 Controlled Digital Lending for Library Consortia University of Massachusetts Amherst Office of the Chancellor Amherst MA 010039242 043167352 115 10000 0 Experiential Learning Coordinator Johnson & Wales University 8 Abbott Park Place Providence RI 029033703 050306206 501(c)(3) 10000 0 Re-Imagining the Faculty Center for Academic Excellence and Innovation Johnson & Wales University 8 Abbott Park Place Providence RI 029033703 050306206 501(c)(3) 227345 0 Faculty Center for Academic Excellence and Innovation Connecticut College 270 Mohegan Avenue New London CT 063204196 060646587 501(c)(3) 10000 0 Business Major Working Group Mitchell College 437 Pequot Avenue New London CT 06320 060662150 501(c)(3) 10000 0 Strategic Planning Eastern Connecticut State University 83 Windham Street Willimantic CT 06226 061277820 Connecticut 10000 0 Analysis of Retention and Persistence for First Generation Students of Color Quinnipiac University 275 Mount Carmel Avenue Hamden CT 06518 060646701 501(c)(3) 93265 0 Inclusive Excellence Teaching Lab Sacred Heart University 5151 Park Ave Fairfield CT 068251090 060776644 501(c)(3) 75000 0 Virtual Global Immersion Project: Bringing Global Experiences to the Classroom College of the Atlantic 105 Eden St Bar Harbor ME 04609 237032625 501(c)(3) 10000 0 Removing Barriers in the Field Sciences Massachusetts Institute Of Technology 77 Massachusetts Avenue NE 49-3142 Cambridge MA 021394307 042103594 501(c)(3) 300000 0 Climate, Environment, and Sustainability Infusion Fellowship (CESIF): Strengthening Teaching and Learning Through Interdisciplinary Partnerships at MIT Cambridge College 500 Rutherford Avenue Boston MA 02129 510163080 501(c)(3) 184729 0 Pillars of Online Teaching Success: Master Course Certification Program Montserrat College of Art 23 Essex Street Beverly MA 01915 521859814 501(c)(3) 160000 0 Pathways for Post-Graduation Success Association of American Colleges & Universities 1818 R Street NW Washington DC 200091604 521945674 501(c)(3) 372757 0 Open Educational Resources as the Means to Enhance Integrative Learning Green Mountain Higher Education Consortium 120 Graham Way Ste 120 Shelburne VT 05482 901113280 501(c)(3) 10000 0 Risk Consultant to Support a Common Insurance Broker 31 0 Part I, Line 2: The Organization conducts site visits for colleges/universities seeking funding and requires progress and completion reports from the grantee. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b Prior to filing, the Chief Finance and Administrative Officer (CFAO) reviews the 990 in detail, comparing it to the audited financial statements and other records for accuracy, and comparing it to the prior year filing to make sure any large variances or changes to responses are accurate. Any questions or concerns are resolved with the independent CPA firm who prepared the return. The CFAO provides a copy of the final draft to the Board Chair, highlighting any unusual items or changes from prior years. The Board Chair reviews the final draft just prior to filing to ensure responses are consistent with financial reporting, governance practices and activities of the foundation, resolving any questions with the CFAO. 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. Trustees abstain from voting if a conflict exists. 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: Five of six trustees of the Davis Educational Foundation receive trustee fees annually. 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. Wellesley College 106 Central Street Wellesley MA 024818203 042103637 Educational Institution MA 501(c)(3) Line 2 N/A 0 Northeastern University 716 Columbus Ave Boston MA 02120 041679980 Educational Institution MA 501(c)(3) Line 2 N/A 0 University System of New Hampshire 5 Chenell Drive Suite 301 Concord NH 03301 026000937 Educational Institution NH N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0