2023-10-18T14:25:14-05:00 2022-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2022-01-01 042864042 Davis Educational Foundation DAVI 2078469132 30 Forest Falls Drive 5 Yarmouth ME 04096 Yvonne B Mumme Chief Finance and Admin Officer 2078469132 2023-10-17 1 Yvonne Mumme 999009999 1 Joseph R Byrne P01289281 2077752387 2023-10-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Yvonne B Mumme 30 Forest Falls Drive 5 Yarmouth ME 04096 9556798 0 X davisfoundations.org X 1985 MA Awards Grants 5 5 7 1 9235 8235 10000 0 0 0 8881706 2473661 244010 217126 9135716 2690787 4167298 3944696 0 0 640469 597393 0 0 0 593831 444027 5401598 4986116 3734118 -2295329 128309090 103795591 2597811 2126626 125711279 101668965 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 4287661 3944696 30062 Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for grants approved. 4287661 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 6 0 1 7 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 1 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 20850 0 0 Peter K Davis Past 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 40.00 0.00 X 130357 0 17196 Leanne Greeley Bond Director of Grants & Programs 40.00 0.00 X 131090 0 23456 397297 0 40652 2 0 1 0 Wellington Management Company 280 Congress Street Boston MA 02210 Investment Management 163137 Prime Buchholz & Associates 273 Corporate Drive Suite 250 Portsmouth NH 03801 Investment Consulting 102149 2 992353 9235 983118 8347319 6866011 1481308 1481308 1481308 Management Fees 900099 187064 187064 Returned Grants 900099 30062 30062 217126 2690787 30062 9235 2651490 3944696 3944696 282988 115472 167516 246665 154705 91960 9753 9422 331 28578 11202 17376 29409 11864 17545 19694 19694 366525 366525 11710 7995 3715 10314 9264 1050 20275 14598 5677 1297 1297 1903 1665 238 2441 1430 1011 Dues 5279 3893 1386 UBI Taxes 2803 2803 Miscellaneous 1786 158 1628 4986116 4287661 698455 0 5358746 431035 80998223 68489271 41897114 34827793 55007 47492 128309090 103795591 83040 66079 2464312 2014693 50459 45854 2597811 2126626 X 125711279 101668965 125711279 101668965 128309090 103795591 -2295329 -21746985 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 183328 0 3 183328 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 34827793 F 34827793 Due To Related Parties 45854 45854 -19639849 -21746985 -21746985 2107136 366525 217126 583651 2690787 4402465 0 4402465 366525 217126 583651 4986116 Part XI, Line 4b - Other Adjustments: Management Fees 187,064. Prior Year Grant Recovery 30,062. Part XII, Line 4b - Other Adjustments: Management Fees 187,064. Prior Year Grant Recovery 30,062. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 3644860 0 0 0 0 0 0 3644860 0 3644860 0 0 1 0 0 0 Part III Accounting Method: 1 Saint Joseph's College 278 Whites Bridge Rd Standish ME 040845263 010212542 501(c)(3) 44100 0 Data collection and Institutional Research Thomas College 180 W River Rd Waterville ME 049015066 010263385 501(c)(3) 137362 0 The Archimedes Project: Mathematics, Science and Methodology in the Information Age University of Maine at Augusta 46 University Drive Augusta ME 04330 016000769 501(c)(3) 83827 0 Nursing Simulation Development Project Granite State College 25 Hall St Concord NH 03301 026000937 501(c)(3) 67271 0 Peer Academic Leaders Program University of New Hampshire 51 College Rd Durham NH 038242620 026000937 501(c)(3) 183328 0 Self-Directed Learning: Promoting Students Persistent Use of Effective Learning Strategies Vermont State University 575 Stone Cutters Way Montpelier VT 05601 030213787 Vermont 255847 0 Faculty Development of Face to Face Plus Simmons University 300 The Fenway Boston MA 02115 042103629 501(c)(3) 299750 0 Responding to Students Needs through Re-Imagined Pedagogy and Course Design Bridgewater State University 131 Summer St Bridgewater MA 02325 043010428 Massachusetts 192555 0 Expanding the Impact of OER Westfield State University 577 Western Avenue Westfield MA 01086 043062617 Massachusetts 298710 0 Reimagining General Education: Tackling Content, Pedagogy, and Assessment to Deliver a Better Student Experience University of Massachusetts Lowell 220 Pawtucket St Suite 400 Lowell MA 01854 043167352 115 10000 0 Strategic Planning Bates College 2 Andrews Rd Lewiston ME 04240 042103544 501(c)(3) 185000 0 Creating a Center for Inclusive Teaching and Learning Boston University 881 Commonwealth Avenue 4th FL Boston MA 022151300 042103547 501(c)(3) 25000 0 Expanding Place-Based, Urban Experiential Learning through the MetroBridge Program and the Center for Teaching and Learning Merrimack College 315 Turnpike St North Andover MA 018455806 042103731 501(c)(3) 154734 0 Implementing Enduring Questions Pedagogy: Engaging First Year Students in a new Explorations Course Stonehill College Inc 320 Washington St Easton MA 023570000 042104229 501(c)(3) 108200 0 The Navigation Center for Student Success Western New England University 1215 Wilbraham Rd Springfield MA 011192612 042108376 501(c)(3) 141704 0 Overcoming Math & Quantitative Reasoning Barriers New England Board Of Higher Education 45 Temple Pl Boston MA 021111305 042207418 501(c)(3) 100000 0 The New England College Transfer Guarantee - ME NH VT The Boston Consortium For Higher Education Inc 130 Rumford Ave Ste 213 Auburndale MA 024661370 043427564 501(c)(3) 735000 0 TBC and edHEALTH Enterprise Risk Management Captive and Risk Management Captive - Phase II Eastern Connecticut State University 83 Windham St Willimantic CT 06226 061277820 Connecticut 44293 0 Academic Restructuring and Curricular Efficiency and Implementation of New Learning Outcomes in the Liberal Arts Core - Year 3 Southern Connecticut State University 501 Crescent St New Haven CT 065151330 061363115 Connecticut 172474 0 Simulation Champions: Training and Establishing a Train-the-Trainer Program Albertus Magnus College 700 Prospect St New Haven CT 065111224 060646520 501(c)(3) 248800 0 Invitation to Inquiry: General Education Interdisciplinary Pathways Husson University 1 College Circle Bangor ME 044012929 010271210 501(c)(3) 207000 0 Advancing Teaching Excellence Franklin W Olin College of Engineering 1000 Olin Way Needham MA 024921200 061519057 501(c)(3) 153561 0 Developmental Learning Modules to Enhance Student Learning University of Vermont 353 Waterman Building 85 South Prospect St Burlington VT 054050160 030179440 501(c)(3) 91180 0 The Catamount Core: Implementing Mission-Driven General Education 23 0 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 130316 0 0 0 774 0 9385 0 14071 0 154546 0 0 0 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 and a copy of the draft is provided to all Trustees 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 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 maintaned 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 fro 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, 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 was a family member and did 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