2015-09-03T11:58:53-05:00 2014-12-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2014-01-01 042864042 Davis Educational Foundation DAVI 2078469132 30 Forest Falls Drive No 5 Yarmouth ME 04096 Anne M Vaillancourt Executive Director 2078469132 2015-09-02 1 Barbara J McGuan CPA P00219457 2077752387 2015-09-02 2014 2016-02-25 16:41:14Z Anne M Vaillancourt 30 Forest Falls Drive No 5 Yarmouth ME 04096 44739562 0 X davisfoundations.org X 1985 MA Awards Grants 6 6 4 1 25990 24990 0 0 0 0 9907849 8428470 143586 203528 10051435 8631998 3379414 2582517 0 0 442701 484887 0 0 0 438490 594208 4260605 3661612 5790830 4970386 108096899 107565404 2306934 1901514 105789965 105663890 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 2741183 2582517 39569 Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for 2014 grants approved. 2741183 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 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 4 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X Anne Vaillancourt 2078469132 30 Forest Falls Drive No 5 Yarmouth ME 04096 William S Reed Chairman 12.00 X X 40000 0 0 Peter K Davis Trustee 8.00 X 0 0 0 Sister M Therese Antone Trustee 8.00 X 25000 0 0 Richard W Cost Trustee 8.00 X 25000 0 0 Judith B Wittenberg Trustee 8.00 X 25000 0 0 Edward MacKay Trustee 8.00 X 25000 0 0 Anne M Vaillancourt Executive Director 16.00 X 97143 0 15682 237143 0 15682 0 0 0 0 0 1197016 25990 1171026 43339018 36107564 7231454 7231454 7231454 Management Fees 900099 163959 163959 Prior Year Grant Recovery 900099 39569 39569 203528 8631998 39569 25990 8566439 2582517 2582517 252825 140000 112825 181732 181732 12721 12721 15799 15799 21810 21810 140 140 10709 10709 517845 517845 10302 10302 5717 5717 12749 12749 18666 18666 11622 11622 1950 1950 Dues 3285 3285 Miscellaneous 1223 1223 3661612 2741183 920429 0 629860 936387 75594618 71075375 17920594 23789586 13951827 11764056 108096899 107565404 28658 87195 2245053 1780624 33223 33695 2306934 1901514 X 105789965 105663890 105789965 105663890 108096899 107565404 4970386 -5096461 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 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 23789586 F 23789586 Investment Sales Proceeds Receivable 11690878 Due From Related Parties 40780 Returned Grant Receivable 32398 11764056 Due To Related Parties 33695 33695 2814164 -5096461 -5096461 7910625 517845 203528 721373 8631998 2979808 0 2979808 517845 163959 681804 3661612 Part XI, Line 4b - Other Adjustments: Management Fees 163,959. Prior Year Grant Recovery 39,569. Part XII, Line 4b - Other Adjustments: Management Fees 163,959. 1 Babson College 231 Forest Street Babson Park MA 02457 042103544 501(c)(3) 71661 Support to study cost containment in the context of small private colleges, resulting in a white paper detailing key findings and best practices. Becker College 61 Sever Street Worcester MA 01609 042108346 501(c)(3) 125000 To advance work already underway with the build of a five-course liberal arts core. Colby-Sawyer College 541 Main Street New London NH 03257 020222120 501(c)(3) 160750 To support faculty and staff-initiated research projects on models and practices to improve outcomes and decrease cost in higher education with the goal of embedding a campus-wide culture of shared responsibility for problem solving and systemic change. College of St Joseph 71 Clement Road Rutland VT 05701 030213180 501(c)(3) 90000 To provide a more effective higher education model integrating student support services, the academic program and community service to increase student engagement and retention. Endicott College 376 Hale Street Beverly MA 01915 042103567 501(c)(3) 110600 To integrate the development of critical thinking skills across the curriculum and within specific disciplines. Framingham State University PO Box 9101 Framingham MA 01701 046002284 501(c)(3) 120780 To develop faculty expertise in teaching and assessing student learning outcomes in critical thinking and written communication. Maine Campus Compact 220 College Street 2 Lewiston ME 04240 010211781 168000 To support faculty on eighteen campuses across four states as they embed community-engaged environmental education into existing or new courses. Montserrat College of Art 23 Essex Street Beverly MA 01915 521859814 501(c)(3) 150000 To implement a redesigned and expanded first year seminar integrating studio practice with historical and cultural analysis, and to expand and coordinate career-oriented experiential learning opportunities. New England Board of Higher Education 45 Temple Place Boston MA 02111 042207418 501(c)(3) 100000 To develop resources for colleges and universities to explore cost reduction and increased student affordability. Newbury College 129 Fisher Avenue Brookline MA 02445 042452884 501(c)(3) 129379 To develop a mastery-based first-year English program building on recent successes with a mastery-based mathematics program. Rhode Island College 600 Mount Pleasant Avenue Providence RI 02908 056016315 501(c)(3) 192706 To promote, coordinate and increase student-faculty collaboration on research and creative activity. Salve Regina University 100 Ochre Point Avenue Newport RI 02840 050259080 501(c)(3) 64600 Support to pilot an alternative course format to investigate whether it can enhance student learning, increase faculty use of active, experiential pedagogy, and reduce instructional costs. Suffolk University 8 Ashburton Place Boston MA 02108 042133255 501(c)(3) 227200 To develop and implement a customizable modular assessment curriculum in eight colleges and universities. University of Maine (Orono) 101 College Avenue Orono ME 04469 016000769 501(c)(3) 77396 Support for curriculum development and applied learning experiences focused on high risk populations including substance-affected mothers, newborns, and infants. University of Maine at Farmington 224 Main Street Farmington ME 04938 016000769 501(c)(3) 108910 To build the University's capacity to integrate experiential learning throughout the academic curriculum. University of Maine at Fort Kent 23 University Drive Fort Kent ME 04743 016000769 501(c)(3) 132500 To establish and demonstrate quality early college/dual enrollment offerings for Maine's rural students and schools to support post secondary readiness and transition. University of Massachusetts Amherst 374 Whitmore Building Amherst MA 01003 043167352 501(c)(3) 278704 Support for a new program to improve learning outcomes and retention using small, peer-led weekly problem solving sessions in selected large first-year gateway courses. University of Massachusetts Lowell One University Avenue Lowell MA 01854 043167352 501(c)(3) 100000 To establish the administrative structure, policies and procedures for implementation of a new core curriculum. Western Connecticut State University 181 White Street Danbury CT 06810 060775515 501(c)(3) 174331 To develop and implement a First Year Experience to improve the transition for incoming first-year and transfer students. 19 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 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: Five of six 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. 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