2025-10-29T13:04:19-07:00 2024-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress Street Portland ME 04102 990 2024-01-01 042864042 DAVIS EDUCATIONAL FOUNDATION DAVI 2078469132 30 Forest Falls Dr Ste 5 Yarmouth ME 04096 Yvonne Mumme Chief Finance and Admin. Officer 2078469132 2025-10-29 1 1 Joseph Byrne P01289281 2077752387 2025-10-29 2024 2025-03-06 01:10:19Z Yvonne B Mumme 30 Forest Falls Dr Ste 5 Yarmouth ME 04096 14643190 0 X www.davisfoundations.org/def X 1985 MA Award grants. 5 5 5 1 0 0 0 0 0 0 3335909 4863220 260845 291194 3596754 5154414 2161831 3426585 0 0 694314 711747 0 0 0 417845 380731 3273990 4519063 322764 635351 118326807 130344004 1686125 2478559 116640682 127865445 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 3846534 3426585 73522 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 3846534 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 5 5 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 36 0 X 137281 0 27233 Yvonne B Mumme Chief Finance & Admin. Officer 32 0 X 129592 0 21392 Edward MacKay Chair 12 0 X X 43750 0 0 Sister M Therese Antone Trustee 8 0 X 28750 0 0 Richard Freeland Trustee 8.00 0.00 X 28750 0 0 A Clayton Spencer Trustee 8 0.00 X 28750 0 0 Dennis Berkey Past Trustee 8 0 X 13750 0 0 William Wheeler Trustee 8 0 X 0 0 0 410623 0 48625 2 0 1 0 Prime Buchholz LLC 99 High Street 22nd Floor Boston MA 02110 Investment Advisor 101964 1 0 0 1378538 0 0 1378538 0 0 0 0 0 0 0 0 0 0 12973458 0 9488776 0 3484682 0 3484682 0 0 3484682 Management Fees 900099 217672 0 0 217672 Prior year grant recovery 900099 73522 73522 0 0 0 0 0 0 291194 5154414 73522 0 5080892 3426585 3426585 294381 122188 172193 321449 204487 116962 15422 14089 1333 46935 15472 31463 33560 15409 18151 2800 2800 16445 16445 297907 297907 6240 3721 2519 14498 12705 1793 21728 15644 6084 6671 6412 259 3445 3365 80 2608 1549 1059 Dues 5939 4499 1440 Miscellaneous 2450 409 2041 4519063 3846534 672529 0 622639 536284 73199978 77074379 44445289 52675678 58901 57663 118326807 130344004 62029 69396 1579916 2363208 44180 45955 1686125 2478559 X 116640682 127865445 0 0 116640682 127865445 118326807 130344004 635351 10589412 0 0 0 0 X 0 1 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 127794 0 3 127794 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 52675678 F 52675678 Due to related party 45955 45955 15154725 10589412 0 0 0 10589412 4565313 297907 291194 589101 5154414 3929962 0 0 0 0 0 3929962 297907 291194 589101 4519063 Schedule D, Part XI, Line 4b Management Fees - $217,672, Prior Year Grant Recovery - $73,522. Total 291,194. Schedule D, Part XII, Line 4b Management Fees - $217,672, Prior Year Grant Recovery - $73,522. Total $291.194. Central America and the Caribbean 0 0 Investments 5795260 0 0 5795260 0 0 1 0 0 0 1 University of New England 11 Hills Beach Road Biddeford ME 04005 010211810 501(c)(3) 80000 Introducing Open Educational Resources at UNE Bowdoin College 5700 College Station Brunswick ME 040118448 010215213 501(c)(3) 249300 AI in Teaching Initiative Plymouth State University 17 High Street MSC No 51 Plymouth NH 03264 026000937 501(c)(3) 231985 Designing Forward: Reimagining Instructional Design for Cluster Learning University System of New Hampshire University of New Hampshire Thompson Hall Durham NH 03824 026000937 501(c)(3) 127794 Online Peer Academic Leaders Phase II Program Cluster Saint Michael's College One Winooski Park Box 251 Colchester VT 05439 030179403 501(c)(3) 10000 Strategic Planning University of Vermont 353 Waterman Building 85 South Prospect Street Burlington VT 054050160 030179440 501(c)(3) 322148 Study CATS: Empowering Learners for Long Term Educational Success Boston University 881 Commonwealth Avenue 4th Fl Boston MA 022151300 042103547 501(c)(3) 140000 Diversifying Curriculum to Improve Student Learning Babson College 231 Forest Street Wellesley MA 02481 042103544 501(c)(3) 240000 Technology Entrepreneurship: Layered Learning Opportunities for Students Across the Curriculum Lasell University 1844 Commonwealth Ave Newton MA 024662709 042103585 501(c)(3) 233000 High-Demand Academic Programs for More than 100 Colleges American International College 1000 State Street Springfield MA 01109 042103701 501(c)(3) 10000 AIC Roadmap to Success Curry College 1071 Blue Hill Avenue Milton MA 02186 042199867 501(c)(3) 10000 Institutional Strategic Planning College of Our Lady of the Elms 291 Springfield Street Chicopee MA 010132839 042225850 501(c)(3) 317627 SOLE: Strengthening Online Learning and Engagement College of Our Lady of the Elms 291 Springfield Street Chicopee MA 010132839 042225850 501(c)(3) 10000 Financial Planning Five Colleges Incorporated 97 Spring St Amherst MA 010022324 046134696 501(c)(3) 84700 Creating a Next Generation Repository for World Language Learning Materials Boston College 140 Commonwealth Ave Chestnut Hill MA 024670000 042103545 501(c)(3) 159790 Messina Purpose Initiative Salem State University 352 Lafayette St Salem MA 019705348 042325342 Municipality 274374 Curricular Innovations and Interventions to Improve Outcomes for STEM Majors Salve Regina University 100 Ochre Point Avenue Newport RI 028404192 050259080 501(c)(3) 10000 Operational Efficiencies with Emmanuel College Rhode Island School of Design 20 Washington Place Providence RI 029031358 050258956 501(c)(3) 10000 Financial Optimization Initiative Rhode Island School of Design 20 Washington Place Providence RI 029031358 050258956 501(c)(3) 315247 Expanding the Impact of RISD's Teaching & Learning Lab University of Saint Joseph 1678 Asylum Avenue West Hartford CT 061172700 060646829 501(c)(3) 10000 Optimized Course Scheduling Process Eastern Connecticut State University 83 Windham Street Willimantic CT 06226 061277820 Municipality 281120 Empowering Sustainable Pedagogical Innovation: ECSU's Faculty Development Initiative University of Connecticut 352 Mansfield Rd Unit 1133 Storrs CT 06269 066070722 501(c)(3) 297000 UASCEND (UConn Advancing Structural Consistency through Educational Networks and Design) 20 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. X 0 0 0 0 0 0 0 0 0 Leanne Greeley Bond Director of Grants & Programs 136093 0 0 0 1188 0 9822 0 17411 0 164514 0 Yvonne B Mumme Chief Finance & Admin. Officer 129178 0 0 0 414 0 3975 0 17417 0 150984 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 Four of five 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 28 College Dr 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