DAVIS EDUCATIONAL FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- DAVIS EDUCATIONAL FOUNDATION (EIN 04-2864042)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-07
- IRS object ID
- 201332199349301218
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2013-08-07T14:07:49-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010523282 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042864042 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Davis Educational Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DAVI | NameControl |
| Phone | 2078469132 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Anne M Vaillancourt | Name |
| Title | Executive Director | Title |
| Phone | 2078469132 | Phone |
| Date Signed | 2013-08-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Barbara J McGuan CPA | Name |
| PTIN | P00219457 | PTIN |
| Phone | 2077752387 | Phone |
| Date Prepared | 2013-08-06 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Anne M Vaillancourt | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 6515948 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | davisfoundations.org | WebSite |
| Type Of Organization Trust | X | TypeOfOrganizationTrust |
| Year Formation | 1985 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | Awards Grants | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 5 | TotalNbrEmployees |
| Total Nbr Volunteers | 1 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 500000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1807517 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2480919 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 144032 | OtherRevenuePriorYear |
| Other Revenue Current Year | 126663 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1951549 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3107582 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3760309 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3831343 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 443863 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 410742 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 315329 | OtherExpensePriorYear |
| Other Expenses Current Year | 439236 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4519501 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4681321 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2567952 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1573739 | RevenuesLessExpensesCY |
| Total Assets BOY | 88991767 | TotalAssetsBOY |
| Total Assets EOY | 97105803 | TotalAssetsEOY |
| Total Liabilities BOY | 2535079 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2236785 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 86456688 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 94869018 | NetAssetsOrFundBalancesEOY |
| Mission Description | To strengthen the undergraduate programs of public and private, regionally accredited baccalaureate degree granting colleges and universities located in New England through grants. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3970320 | Expense |
| Grants | 3831343 | Grants |
| Revenue | 653 | Revenue |
| Description | Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for 2012 grants approved. | Description |
| Total Program Service Expense | 3970320 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 5 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Anne Vaillancourt | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2078469132 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (7 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| 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 | 20000 | 0 | 0 | |
| Richard W Cost | ||||||
| Trustee | 8.00 | X | 20000 | 0 | 0 | |
| Edward J Shanahan | ||||||
| Past Trustee | 8.00 | X | 13400 | 0 | 0 | |
| Judith B Wittenberg | ||||||
| Trustee | 8.00 | X | 20000 | 0 | 0 | |
| Anne M Vaillancourt | ||||||
| Executive Director | 16.00 | X | 89387 | 0 | 12784 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 202787 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 12784 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 500000 | AllOtherContributions |
| Total Contributions | 500000 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1295193 | TotalRevenueColumn |
| Exclusion | $1,295,193 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4594092 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3408366 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1185726 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1185726 | TotalRevenueColumn |
| Exclusion | $1,185,726 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| Management Fees | 900099 | 126010 | $126,010 | |
| Prior Year Grant Recovery | 900099 | 653 | 653 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 126663 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3107582 | TotalRevenueColumn |
| Related Or Exempt Function Income | 653 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,606,929 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3831343 | Total |
| Program Services | 3831343 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 215571 | Total |
| Program Services | 113400 | ProgramServices |
| Management And General | 102171 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157030 | Total |
| Management And General | 157030 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10992 | Total |
| Management And General | 10992 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12114 | Total |
| Management And General | 12114 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15035 | Total |
| Management And General | 15035 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10172 | Total |
| Management And General | 10172 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 359313 | Total |
| Management And General | 359313 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13091 | Total |
| Management And General | 13091 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5035 | Total |
| Management And General | 5035 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15586 | Total |
| Management And General | 15586 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25577 | Total |
| Program Services | 25577 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5566 | Total |
| Management And General | 5566 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1672 | Total |
| Management And General | 1672 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| Dues | 2463 | 2463 |
| Miscellaneous | 761 | 761 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4681321 | Total |
| Program Services | 3970320 | ProgramServices |
| Management And General | 711001 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1174742 | BOY |
| EOY | 980730 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73376117 | BOY |
| EOY | 83205522 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14440908 | BOY |
| EOY | 12919551 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88991767 | BOY |
| EOY | 97105803 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14790 | BOY |
| EOY | 24441 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2488050 | BOY |
| EOY | 2179506 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32239 | BOY |
| EOY | 32838 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2535079 | BOY |
| EOY | 2236785 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86456688 | BOY |
| EOY | 94869018 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86456688 | BOY |
| EOY | 94869018 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88991767 | BOY |
| EOY | 97105803 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -1573739 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 9986069 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (2 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| Wellesley College | |||||
| 042103637 | 2 | 1 | 1 | 1 | $0 |
| Dartmouth College | |||||
| 020222111 | 2 | 1 | 1 | 1 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 2 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LLC and Limited Partnership Interests | Description |
| Book Value | 12919551 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 12919551 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Due To Related Parties | Description |
| Amount | $32,838 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 32838 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 12607675 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 9986069 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 9986069 | RevenueNotRptdF990 |
| Revenue Subtotal | 2621606 | RevenueSubtotal |
| Investment Expenses Not Included | 359313 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 126663 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 485976 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3107582 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4195345 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4195345 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 359313 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 126663 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 485976 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4681321 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part XI, Line 4b - Other Adjustments: | Management Fees 126,010. Prior Year Grant Recovery 653. |
| Part XII, Line 4b - Other Adjustments: | Management Fees 126,010. Prior Year Grant Recovery 653. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Central America and the Caribbean | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | Investments | TypeOfActivitiesConducted |
| Total Expenditures | 11964961 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 11964961 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 11964961 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (21 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | Address Line2AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| Berklee College of Music | ||||||||
| 1140 Boylston Street | Boston | MA | 02215 | 042300472 | 501(c)(3) | 69000 | To support the College's expansion of the first semester faculty advising program to the entire first year. The grant specifically funds the development and customization of electronic advising resources. | |
| Boston Consortium for Higher Education | ||||||||
| 1763 Great Plain Avenue Curie House | Needham | MA | 02492 | 043427564 | 501(c)(3) | 300000 | Funding to support the development or expansion of the procurement initiative, the health insurance captive, and CEVoNE. The Consortium will also explore possible projects in technology, energy, and other operational areas. | Olin College |
| Bryant University | ||||||||
| 1150 Douglas Pike | Smithfield | RI | 029171284 | 050258810 | 501(c)(3) | 147500 | To support faculty development, assessment activities, and the use of assessment data to improve curricular design and delivery of an interdisciplinary first-year program. | |
| College of the Atlantic | ||||||||
| 105 Eden Street | Bar Harbor | ME | 04609 | 237032625 | 501(c)(3) | 146302 | To expand ecology education through classroom instruction and field based research of a watershed ecosystem. The project involves five new or revised intermediate courses and initial population of a GIS database for longitudinal study. | |
| Franklin W Olin College of Engineering | ||||||||
| Olin Way | Needham | MA | 024921200 | 061519057 | 501(c)(3) | 131402 | To support teams of faculty from New England colleges and universities in Olin's summer Institute for Innovative in Engineering Education. Following the institute, Olin faculty will work with the teams as collaborative consultants to co-design specific changes. | |
| Massachusetts Department of Higher Education | ||||||||
| One Ashburton Place Room 1401 | Boston | MA | 021081696 | 046002284 | 328580 | Support to fine-tune and prepare for system-wide learning outcomes assessment and continued support for campus-level assessment. | ||
| Massachusetts Institute of Technology | ||||||||
| 77 Massachusetts Ave | Cambridge | MA | 02139 | 042103594 | 501(c)(3) | 231292 | To support revision of an undergraduate statistics course to include new pedagogy, new interactive technology, and the use of real-world examples and methodology. | |
| New England Institute of Technology | ||||||||
| 2500 Post Road | Warwick | RI | 02886 | 050312747 | 501(c)(3) | 119200 | Support to create a faculty development program to assist faculty in incorporating oral and written communication and quantitative reasoning in the major fields of study. | |
| Nichols College | ||||||||
| 124 Center Road Box 5000 | Dudley | MA | 015715000 | 042104778 | 501(c)(3) | 47800 | To support integrated learning experiences through the creation and expansion of student writing and communication fellows. | |
| Rhode Island School of Design | ||||||||
| 2 College Street | Providence | RI | 029032786 | 050258956 | 501(c)(3) | 160331 | To support greater interdisciplinary teaching and learning between studio and humanities departments and to focus on writing instruction to improve student writing. | |
| Sacred Heart University | ||||||||
| 5151 Park Avenue | Fairfield | CT | 06825 | 660776644 | 501(c)(3) | 109588 | To support faculty from all departments teaching in the First Year Seminar to incorporate student writing and oral communication learning outcomes. | |
| University of Saint Joseph | ||||||||
| 1678 Asylum Avenue | West Hartford | CT | 061172700 | 060646829 | 501(c)(3) | 147125 | Support to launch a program of expanded professional development opportunities to full-time, part-time and adjunct faculty. | |
| Sea Education Association | ||||||||
| PO Box 6 | Woods Hole | MA | 02536 | 042702102 | 501(c)(3) | 66556 | To update the curriculum by creating distinct, complementary teaching modules that excite students to learn about the marine environment by placing it in the context of important societal issues. | |
| Springfield College | ||||||||
| 263 Alden Street | Springfield | MA | 011093797 | 042104329 | 501(c)(3) | 225000 | To support a faculty curriculum development and assessment initiative to serve student learning outcomes in critical thinking and oral communication. | |
| Suffolk University | ||||||||
| 8 Ashburton Place | Boston | MA | 021082770 | 042133255 | 501(c)(3) | 107200 | To assist faculty, staff and administrators as they research, implement and assess new teaching strategies to meet strategic plan curriculum objectives of hybrid teaching and learning, multi-cultural competencies, and students as entrepreneurial and innovative thinkers. | |
| University of Maine System - Chancellor's Office | ||||||||
| 16 Central Street | Bangor | ME | 044011805 | 016000769 | 501(c)(3) | 300000 | Support for the first year of an in-depth review of administrative costs and structures at all levels, and in all divisions and bring forward recommendations to improve administrative efficiencies and services. | |
| University of Massachusetts Lowell | ||||||||
| One University Avenue | Lowell | MA | 01854 | 043167352 | 501(c)(3) | 300000 | To establish a Virtual Student Service Center to provide self-service access, simplified processes, and increased integration of services currently delivered independently by the offices of the Registrar, Student Financial Services, and Financial Aid. The reconfigured services will pre-empt the need for additional staff as the campus continues its path of rapid growth. | |
| University of New Hampshire | ||||||||
| Service Building 51 College Road | Durham | NH | 038243585 | 026000937 | 501(c)(3) | 303742 | Support to assist faculty at UNH and other New England colleges and universities to develop multimedia instructional presentations informed by multimedia principles of learning. The project will develop templates and instructions that can be used by faculty to create presentations that improve students' learning, retention, and transfer of course-based knowledge. | |
| University of New Haven | ||||||||
| 300 Boston Post Road | West Haven | CT | 06516 | 060761704 | 501(c)(3) | 185500 | To support existing faculty in teaching and reinforcing technical communication skills within the engineering currciula. | |
| University System of New Hampshire | ||||||||
| 25 Concord Road | Durham | NH | 03824 | 026000937 | 150000 | Consulting support to facilitate recommendations to alter decision-making responsibility and authority between individual campuses and the system. | ||
| Worcester Polytechnic Institute | ||||||||
| 100 Institute Road | Worcester | MA | 016092280 | 042760551 | 501(c)(3) | 255225 | To support the expansion of the Great Problems Seminar from serving 25 percent to the entire freshman class. The Seminars use a project-based, multi-disciplinary approach to solving real-world challenges developing student skills in research, writing, and presentation. | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 21 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The Organization conducts site visits for colleges/universities seeking funding and requires progress and completion reports from the grantee. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | Trustee Fees |
| 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
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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