2024-10-22T16:23:44-07:00 2023-12-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 04104 990 2023-01-01 042864042 DAVIS EDUCATIONAL FOUNDATION DAVI 2078469132 30 Forest Falls Dr Ste 5 Yarmouth ME 04096 Yvonne Mumme Chief Finance and Admin. Officer 2078469132 2024-10-22 1 1 Joseph Byrne P01289281 2077752387 2024-10-22 2023 2024-10-15 13:58:12Z Yvonne B Mumme 30 Forest Falls Dr Ste 5 Yarmouth ME 04096 11903233 0 X www.davisfoundations.org/def X 1985 MA Award grants. 6 6 5 1 0 0 0 0 2473661 3335909 217126 260845 2690787 3596754 3944696 2161831 0 597393 694314 0 0 444027 417845 4986116 3273990 -2295329 322764 103795591 118326807 2126626 1686125 101668965 116640682 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 2568084 2161831 50526 Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for grants approved. 0 0 0 2568084 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 1 5 1 0 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 1 1 1 1 1 1 1 1 0 MA X Yvonne B Mumme 2078469132 30 Forest Falls Dr Ste 5 Yarmouth ME 04096 X Leanne Greeley Bond Director of Grants & Programs 40 0 X 138610 0 25223 Yvonne B Mumme Chief Finance & Admin. Officer 36 0 X 129810 0 18835 Edward MacKay Chair 12 0 X X 40000 0 0 Sister M Therese Antone Trustee 8 0 X 25000 0 0 Dennis Berkey Trustee 8 0 X 25000 0 0 Richard Freeland Trustee 8 0 X 25000 0 0 A Clayton Spencer Trustee 8 0 X 16667 0 0 Judith B Wittenberg Past Trustee 8 0 X 4200 0 0 William Wheeler Trustee 8 0 X 0 0 0 404287 0 44058 2 0 1 0 WELLINGTON MANAGEMENT COMPANY 280 CONGRESS ST BOSTON MA 02210 Investment Management 150552 1 0 0 0 0 0 0 1027820 0 0 1027820 0 0 0 0 0 0 0 0 0 0 10614568 0 8306479 0 2308089 0 2308089 0 0 2308089 Management Fees 900099 207564 0 0 207564 Prior year grant recovery 900099 50526 50526 0 0 Other Revenue 900099 2755 0 0 2755 0 0 0 0 260845 3596754 50526 0 3546228 2161831 2161831 287240 115487 171753 318755 207620 111135 15094 13817 1277 40390 13255 27135 32835 15067 17768 23090 23090 339407 339407 5863 3514 2349 13226 11800 1426 20636 14858 5778 3121 2871 250 2099 2099 0 2553 1510 1043 Dues 5408 3970 1438 0 Miscellaneous 2442 385 2057 0 0 3273990 2568084 705906 0 431035 622639 68489271 73199978 34827793 44445289 47492 58901 103795591 118326807 66079 62029 2014693 1579916 45854 44180 2126626 1686125 X 101668965 116640682 0 0 101668965 116640682 103795591 118326807 322764 14648953 0 0 0 0 X 0 1 X 1 0 X X 3 Wellesley College 042103637 2 1 0 0 Northeastern University 041679980 2 1 0 0 University System of New Hampshire 026000937 2 1 0 0 3 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 Schedule A, 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. Limited Partnership Interests 44445289 F 44445289 Due to Related Parties 44180 44180 17645455 14648953 0 0 0 14648953 2996502 339407 260845 600252 3596754 2673738 0 0 0 0 0 2673738 339407 260845 600252 3273990 Schedule D, Part XI, Line 4b Management Fees - $207,564, Prior Year Grant Recovery - $50,526, Other Revenue $2,755. Total $260,845 Schedule D, Part XII, Line 4b Management Fees - $207,564, Prior Year Grant Recovery - $50,526, Other Revenue $2,755. Total $260,845. Central America and the Caribbean 0 0 Investments 4301557 0 0 4301557 0 0 1 0 0 0 1 University of Maine System Inc University of Maine 5703 Alumni Hall Suite 200 Orono ME 04469 016000769 501(c)(3) 75998 Strengthening the Culture of General Education Assessment Southern New Hampshire University 2500 N River Rd Manchester NH 031061018 020274509 501(c)(3) 352000 The First Gen Academy Bennington College Corporation Rt 67a Bennington VT 052010000 030179414 501(c)(3) 50000 A New Framework for the First Year Experience: Pilot and Assessment Vermont State University PO Box 500 Randolph VT 05061 030213787 Municipality 216261 Prioritizing Access Through 'Face-to-Face Plus' Expansion and OER Adoption Champlain College Inc 163 S Willard St Burlington VT 054013902 030220266 501(c)(3) 281704 Embedding the College Competencies Lasell University 1844 Commonwealth Ave Newton MA 024662709 042103585 501(c)(3) 25000 Thriving Through Transitions Trustees Of Tufts College Ballou Hall 2nd Floor Medford MA 02155 042103634 501(c)(3) 23700 Human Touch: Developing a More Resilient Educational Paradigm in the Age of Artificial Intelligence (AI) and Rapid Change University of Massachusetts 220 Pawtucket Street Suite 400 Lowell MA 01854 043167352 501(c)(1) 483324 The Leading, Engaging and Advising Fellows (LEAF) Program: A Strategy for Improving Student Engagement and Faculty Pedagogy University of Massachusetts 100 William T Morrissey Blvd Boston MA 021253393 043167352 501(c)(3) 223988 Improving Writing Instruction Across Disciplines through the University WAC Program Brown University Of Providence One Prospect Street Box 1893 Providence RI 02912 050258809 501(c)(3) 168494 The Equitable Learning Inquiry Program Bryant University 1150 Douglas Pike Smithfield RI 029171284 050258810 501(c)(3) 10000 Generative AI Faculty Development Salve Regina University 100 Ochre Point Avenue Newport RI 028404192 050259080 501(c)(3) 10000 Plenary Sessions in Preparation for Enrollment Challenges Mitchell College 437 Pequot Avenue New London CT 06320 060662150 501(c)(3) 10000 Mitchell Ability Model Planning The University Of Rhode Island Foundation & Alumni Engagement 79 Upper College Road Kingston RI 02881 056014351 501(c)(3) 10000 Strategic Review of Administration and Finance Division Landmark College Inc 19 River Road South Putney VT 05346 222586208 501(c)(3) 89362 Writing Across the Curriculum: Building a Strong and Sustainable Program Boston Library Consortium 31 Hayward Street Suite 2F c o Doucette and Doucette CPAs Franklin MA 02038 042605198 501(c)(3) 130000 Controlled Digital Lending for Library Consortia 16 0 Schedule I, Part I, Line 2 The Organization conducts site visits (virtually or on-site) for colleges/universities seeking funding and requires progress and completion reports from the grantee. 0 0 0 0 0 0 0 0 0 Leanne Greeley Bond Director of Grants & Programs 136922 0 500 0 1188 0 9866 0 15357 0 163833 0 Form 990, Part VI, Section A, Line 8b There are no committees with the 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 foundation's 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 reviewed 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. Additionally, the return is provided to the entire board prior to filing. Form 990, Part VI, Section B, Line 12c Trustees and staff are provided a conflict of interest form each year; new trustees and new hires are provided forms during onboarding. The CFAO reviews all forms and ensures they were all received. A master list of disclosed conflicts is maintained and is available on the board portal. Trustees are assigned to take the lead on one or more proposals each grant cycle. We are careful to avoid conflicts in making assignments, and trustees are offered the chance to change assignments for any reason and are expected to abstain from voting if a conflict exists. Trustees are quick to acknowledge conflicts which are noted in meeting minutes. This occurs several times each year due to the background of our trustees and the small size of our grantee pool, and is an established practice of the board. 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 and conflict of interest policy available to the public upon request. The Organization publishes its financial statements in its annual report which is available to the public on its website. Form 990, Part VII, Section A, Line 1a Five of six trustees of the Davis Educational Foundation receive trustee fees annually. William Wheeler is a family member of a substantial contributor and therefore 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 (virtual or in-person) for colleges/universities seeking funding. 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. Wellesley College 106 Central St 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 Dr Suite 301 Concord NH 03301 026000937 Educational Institution NH N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0