2020-10-28T06:53:29-05:00 2019-12-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2019-01-01 042864042 Davis Educational Foundation DAVI 2078469132 30 Forest Falls Drive No 5 Yarmouth ME 04096 Yvonne B Mumme Chief Finance and Admin Officer 2078469132 2020-10-23 1 Joseph R Byrne P01289281 2077752387 2020-10-23 69.49.157.66 2020-10-23 10:33:28 ED P 8137B2580CE35FA01CCDEB6EA4E8E3B48DE58F96 AFAA3DB4FE1C09EACD089651B4BEF68615A227D3 2019 2021-01-29 14:40:06Z Yvonne B Mumme 30 Forest Falls Drive No 5 Yarmouth ME 04096 18814034 0 X davisfoundations.org X 1985 MA Awards Grants 5 5 5 1 13587 12587 0 0 0 0 2784423 -503335 226171 197416 3010594 -305919 3094221 2509133 0 0 541552 572701 0 0 0 481297 497834 4117070 3579668 -1106476 -3885587 96718320 111921358 2287139 1971792 94431181 109949566 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 2869828 2509133 18598 Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for 2019 grants approved. 2869828 1 0 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 5 0 1 5 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 MA CA X X Yvonne Mumme 2078469132 30 Forest Falls Drive No 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 Judith B Wittenberg Trustee 8.00 0.00 X 25000 0 0 Yvonne B Mumme Chief Finance & Admin. Officer 40.00 0.00 X 114888 0 7417 Leanne Greeley Bond Director of Grants & Programs 40.00 0.00 X 113914 0 18994 343802 0 26411 2 0 0 0 Wellington Management Company 280 Congress Street Boston MA 02210 Investment Consulting 100545 1 679576 13587 665989 17937042 19119953 -1182911 -1182911 -1182911 Management Fees 900099 178818 178818 Prior Year Grant Recovery 900099 18598 18598 197416 -305919 18598 13587 -338104 2509133 2509133 242594 97750 144844 268291 170901 97390 12934 11963 971 19694 10225 9469 29188 12862 16326 10878 10878 396057 396057 9922 7207 2715 8147 7153 994 18376 13231 5145 20012 19457 555 4255 4255 1976 1154 822 UBI Taxes 21006 21006 Dues 5035 3788 1247 Miscellaneous 2170 749 1421 3579668 2869828 709840 0 357709 725442 70358026 80746556 25972357 30398321 30228 51039 96718320 111921358 45146 58640 2204837 1875001 37156 38151 2287139 1971792 X 94431181 109949566 94431181 109949566 96718320 111921358 -3885587 19403972 0 X 0 1 X 1 0 X X 2 Wellesley College 042103637 2 1 0 0 Dartmouth College 020222111 2 1 0 0 2 0 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. 0 LLC and Limited Partnership Interests 30398321 F 30398321 Due To Related Parties 38151 38151 18504580 19403972 19403972 -899392 396057 197416 593473 -305919 2986195 0 2986195 396057 197416 593473 3579668 Part XI, Line 4b - Other Adjustments: Management Fees 178,818. Prior Year Grant Recovery 18,598. Part XII, Line 4b - Other Adjustments: Management Fees 178,818. Prior Year Grant Recovery 18,598. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 9253934 0 0 0 0 0 0 9253934 0 9253934 0 0 1 0 0 0 Part III Accounting Method: 1 Bates College 2 Andrews Road Lewiston ME 04240 010211781 501(c)(3) 10000 To support joining the Open Textbook Network and to pilot a mini-grant program for faculty exploring open educational resources. Bay Path University 588 Longmeadow Street Longmeadow MA 01106 042103865 501(c)(3) 100000 To expand and create new opportunities for participating institutions to reduce costs through shared services. Boston Consortium for Higher Education PO Box 467 Dedham MA 02026 043427564 501(c)(3) 98000 To conduct strategic planning for collaborative opportunities in information technology, casualty insurance and procurement. Brandeis University 415 South Street Waltham MA 02453 042103552 501(c)(3) 158000 To create a formal, institution-wide platform for undergraduate research programs and resources. Bryant University 1150 Douglas Pike Smithfield RI 029171284 050258810 501(c)(3) 293596 To establish a campus-wide resource of professional development opportunities for faculty. College of the Atlantic 105 Eden St Bar Harbor ME 046091136 237032625 501(c)(3) 143355 To implement a college-wide professional development program to improve teaching, learning, and advising for a diverse student body. Eastern Connecticut State University 83 Windham Street Willimantic CT 06226 061277820 501(c)(3) 32500 Continued support to strengthen students' critical thinking, reading and writing skills from the First Year and continuing through the Writing Intensive course in each major and to establish a one-day symposium on first-generation students. Emmanuel College 400 The Fenway Boston MA 02115 042105769 501(c)(3) 157000 To rewrite the college's learning goals and revise the general education program to assure synergy between students' liberal arts education and their future careers. Endicott College 376 Hale Street Beverly MA 01915 042103567 501(c)(3) 10000 To support strategic planning committee costs, strategic budget development and training, and cloud-based software. Fairfield University 1073 North Benson Road Fairfield CT 068245195 060646623 501(c)(3) 88750 To enhance civic learning within the Core through new and redesigned courses, programmatic activities for students, and tailored professional development for faculty and staff. Gordon College 255 Grapevine Road Wenham MA 019841899 042104258 501(c)(3) 10000 To increase the number of three-year program offerings with accelerated professional degree paths at partner colleges and universities. Lesley University 29 Everett Street Cambridge MA 021382790 042103589 501(c)(3) 193349 To combine and transform the general education curriculum of the two undergraduate schools. Maine College of Art 522 Congress Street Portland ME 041013378 010378758 501(c)(3) 10000 To finalize the strategic plan and build an economic model. New England Board of Higher Education 45 Temple Place Boston MA 021111305 042207418 501(c)(3) 100000 To develop transfer pathways for community college graduates into independent institutions in Connecticut, Massachusetts and Rhode Island. Sacred Heart University 5151 Park Avenue Fairfield CT 06825 660776644 501(c)(3) 10000 To further support the Sacred Heart faculty in adopting open-educational resources. Salve Regina University 100 Ochre Point Avenue Newport RI 028404192 050259080 501(c)(3) 10000 To conduct a workshop for the Board of Trustees in advance of a new strategic planning process. Salve Regina University 100 Ochre Point Avenue Newport RI 028404192 050259080 501(c)(3) 10000 To develop a Thought Leadership Program to promote faculty expertise across disciplines and communicate the value of liberal arts. Smith College 10 Elm Street Northampton MA 01063 041843040 501(c)(3) 250773 To create a variety of discipline-based writing practices and to develop a hybrid model for peer-to-peer writing counseling. Sterling College 16 Sterling Drive PO Box 72 Craftsbury Common VT 05827 030197728 501(c)(3) 22800 To increase student retention and persistence through effective transdisciplinary, experiential, competency-assessed educational programs. University of Bridgeport 126 Park Avenue Bridgeport CT 06604 060646936 501(c)(3) 10000 To support the Female Quotient/Pathways Project, which is designed to support paid internships for UB undergraduate women. University of Maine System 15 Estabrooke Drive Orono ME 04469 016000769 501(c)(3) 10000 To support a steering committee's work on a substantive change request to NECHE to unify the system's accreditations. University of Massachusetts Lowell 220 Pawtucket Street Suite 400 Lowell MA 01854 043167352 501(c)(3) 296210 To transform the core undergraduate mechanical engineering curriculum and to support the expansion of financial literacy programs for students. University of Massachusetts System One Beacon Street Floor 33 Boston MA 02108 043167352 501(c)(3) 200000 To support the design and implementation of a shared services model for procurement and accounts payable across the UMass System. University of New England 11 Hills Beach Road Biddeford ME 04005 010211810 501(c)(3) 254800 To support active learning pedagogies and a redesigned curriculum to increase student success among those who change majors. University of New England 11 Hills Beach Road Biddeford ME 04005 010211810 501(c)(3) 10000 To support a review of retention and persistence and the completion of the new strategic plan. University of New Hampshire Service Building 51 College Road Durham NH 038243585 026000937 501(c)(3) 10000 To convene stakeholders to communicate results following an in-depth financial review across all academic and administrative areas. Vermont Technical College PO Box 500 124 Admin Drive Randolph Center VT 05061 030213787 Vermont 10000 To support the development of a plan for faculty professional development and student retention. 27 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: Four of five 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 Dartmouth College 37 Dewey Field Road Hanover NH 037551417 020222111 Educational Institution NH 501(c)(3) Line 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0