Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
THE DAVENPORT FAMILY FOUNDATION
C/O BALDWIN FAMILY OFFICE LLC

Number and street (or P.O. box number if mail is not delivered to street address)100 FOUR FALLS CORP CTR NO 202   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
POCOPSON, PA193669998
A Employer identification number

23-7871419
B Telephone number (see instructions)

(610) 260-1555
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$49,982,018J Accounting method:
Modified Cash
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 1,496,504 1,496,504  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 330,161
b Gross sales price for all assets on line 6a 3,654,401
7 Capital gain net income (from Part IV, line 2)... 330,161
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,826,665 1,826,665  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 165,000 16,500   148,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 37,939 3,794   34,145
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 14,100 1,410   12,690
c Other professional fees (attach schedule).... Click to see attachment 184,855 184,855   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 20,947 2,002   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,033 0   4,033
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 426,874 208,561   199,368
25 Contributions, gifts, grants paid........ 1,992,250 1,992,250
26 Total expenses and disbursements. Add lines 24 and 25 2,419,124 208,561   2,191,618
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -592,459
b Net investment income (if negative, enter -0-) 1,618,104
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 11,817 9,560 9,560
2 Savings and temporary cash investments.......... 323,612 482,395 482,395
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 9,838,290 Click to see attachment8,336,990 8,336,990
b Investments—corporate stock (attach schedule)........ 28,410,452 Click to see attachment34,225,789 34,225,789
c Investments—corporate bonds (attach schedule)........ 6,324,155 Click to see attachment6,927,284 6,927,284
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet4,567
Less: accumulated depreciation (attach schedule) bullet4,567      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 44,908,326 49,982,018 49,982,018
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 44,908,326 49,982,018
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 44,908,326 49,982,018
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 44,908,326 49,982,018
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 44,908,326
2 Enter amount from Part I, line 27a..................... 2 -592,459
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 5,666,151
4 Add lines 1, 2, and 3.......................... 4 49,982,018
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 49,982,018
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,654,401   3,324,240 330,161
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       330,161
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 330,161
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 1,936,046 44,397,475 0.043607
2011 1,915,869 42,112,248 0.045494
2010 1,919,773 39,443,167 0.048672
2009 2,074,776 36,863,314 0.056283
2008 2,130,724 43,042,481 0.049503
2 Total of line 1, column (d) ...................... 2 0.243559
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.048712
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 47,779,364
5 Multiply line 4 by line 3....................... 5 2,327,428
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 16,181
7 Add lines 5 and 6......................... 7 2,343,609
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,191,618
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 32,362
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 32,362
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 32,362
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 8,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 8,400
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,400
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 15,962
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBALDWIN FAMILY OFFICE - E MECK Telephone no.bullet (610) 260-0689
    Located atbullet100 FOUR FALLS CORP CTR S202WEST CONSHOHOCKENPA ZIP+4bullet19428
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    PETER D DAVENPORT EXECUTIVE TRUSTEE
    25.00     		75,000 0 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    SCOTT D DAVENPORT TRUSTEE
    6.00     		30,000 0 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    CYNTHIA L BORGER TRUSTEE
    6.00     		30,000 0 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    ELIZABETH S WOOLEVER TRUSTEE
    6.00     		30,000 0 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,388,968
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    32,362
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    32,362
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,356,606
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,356,606
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    2,356,606
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 2,356,606
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 2,141,827
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 2,191,618
    a Applied to 2012, but not more than line 2a 2,141,827
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 49,791
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		2,306,815
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    PETER D DAVENPORT
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BUGLES ACROSS AMERICA
    1824 S CUYLER AVE
    BERWYN,IL604022052     		NONE PUBLIC CHARITY GENERAL OPERATIONS 5,000
    CANINE PARTNER FOR LIFE
    PO BOX 170
    COCHRANVILLE,PA193300170     		NONE PUBLIC CHARITY GENERAL OPERATIONS 30,000
    CHESTER COUNTY FOOD BANK
    1208 HORSESHOE ROAD
    DOWNINGTOWN,PA19335     		NONE PUBLIC CHARITY GENERAL OPERATIONS 200,000
    CHESTER COUNTY HOSPITAL
    701 EAST MARSHALL STREET
    WEST CHESTER,PA19380     		NONE PUBLIC CHARITY EQUIPMENT/FACILITIES 577,000
    CHESTER RIVER HEALTH FOUNDATION
    100 BROWN STREET
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY GENERAL OPERATIONS 20,000
    DELAWARE MUSEUM OF NATURAL HISTORY
    PO BOX 3937
    WILMINGTON,DE19801     		NONE PUBLIC CHARITY GENERAL OPERATIONS 14,550
    FIRST BOOK - PHILADELPHIA
    RODIN PLACE SUITE 201 2000 HAMILTON
    STREET
    PHILADELPHIA,PA19116     		NONE PUBLIC CHARITY SUPPLIES 10,000
    HORIZONS OF KENT COUNTY
    201 TALBOT BOULEVARD
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY GENERAL OPERATIONS 10,700
    KALMAR NYCKEL FOUNDATION
    1124 EAST SEVENTH ST
    WILMINGTON,DE19801     		NONE PUBLIC CHARITY REPAIRS 20,000
    MARINE CORPS SCHOLARSHIP FOUNDATION
    909 N WASHINGTON ST STE 400
    ALEXANDRIA,VA22314     		NONE PUBLIC CHARITY SCHOLARSHIP PROGRAM 50,000
    MIDSHORE RIVERKEEPER CONSERVANCY INC
    24 N HARRISON STREET
    EASTON,MD21601     		NONE PUBLIC CHARITY GENERAL OPERATIONS 150,000
    NEXT STEP FUND INC
    86A SHERMAN STREET
    CAMBRIDGE,MA02140     		NONE PUBLIC CHARITY GENERAL OPERATIONS 57,000
    OPERATION WARM
    1653 BRINTONS BRIDGE ROAD
    CHADDS FORD,PA19317     		NONE PUBLIC CHARITY GENERAL OPERATIONS 200,000
    PHILADELPHIA MUSEUM OF ART
    BOX 7646
    PHILADELPHIA,PA191017646     		NONE PUBLIC CHARITY GENERAL OPERATIONS 5,000
    PHILADELPHIA SKATING CLUB
    116 JOHN STREET SUITE 1201
    NEW YORK,NY16375     		NONE PUBLIC CHARITY GENERAL OPERATIONS 70,000
    RADCLIFFE CREEK SCHOOL INC
    201 TALBOT BOULEVARD
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY GENERAL OPERATIONS 63,000
    THE MERCERSBURG ACADEMY
    300 E SEMINARY STREET
    MERCERSBURG,PA17236     		NONE PUBLIC CHARITY GENERAL OPERATIONS 260,000
    WASHINGTON COLLEGE
    300 WASHINGTON AVE
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY GENERAL OPERATIONS 250,000
    Total .................................bullet 3a 1,992,250
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14    
    4 Dividends and interest from securities....     14 1,496,504  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 330,161  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,826,665 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,826,665
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    THE DAVENPORT FAMILY FOUNDATION
    C/O BALDWIN FAMILY OFFICE LLC
    EIN: 23-7871419
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/ ADMIN FEES 0 0   0
    BALDWIN FAMILY OFFICE FEES 14,100 1,410   12,690

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    THE DAVENPORT FAMILY FOUNDATION
    C/O BALDWIN FAMILY OFFICE LLC
    EIN: 23-7871419
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CREDIT CORP DTD 7/29/2013 1.3% 7/29/2016 330000 PV 332,554 332,554
    APPLE INC NT DTD 5/3/2013 2.4% 600000 PV 539,526 539,526
    CISCO SYS INC SR NT DTD 3/16/2011 3.15% 3/14/2017 180000 PV 190,474 190,474
    UNITED TECHNOLOGIES CORP DTD 4/29/2005 4.875% 5/1/2015 445000 PV 470,276 470,276
    BEAR STEARNS COS LLC DTD 10/2/2007 6.4% 10/2/2017 0 PV 0 0
    CATERPILLAR FIN SERVICE CORP DTD 9/26/2008 7.05% 10/1/2018 500000 PV 603,245 603,245
    GENERAL ELEC CAP CORP DTD 2/11/2011 5.3% 2/11/2021 550000 PV 615,241 615,241
    HONEYWELL INTERNATIONAL DTD 2/20/2009 5% 2/15/2019 600000 PV 674,184 674,184
    IBM CORP DTD 11/1/1989 8.375% 11/1/2019 470000 PV 612,137 612,137
    JOHN DEERE CAP DTD 7/12/2011 3.9% 7/12/2021 300000 PV 310,776 310,776
    ORACLE CORP DTD 4/9/2008 5.75% 4/15/2018 550000 PV 635,564 635,564
    PEPSICO INC DTD 10/24/2008 7.9% 11/1/2018 410000 PV 512,492 512,492
    TOYOTA MOTOR CREDIT CORP DTD 9/15/2011 2% 9/15/2016 325000 PV 334,298 334,298
    WACHOVIA BANK NA DTD 3/9/2006 5.6% 3/15/2016 380000 PV 416,149 416,149
    WAL-MART STORES DTD 2/15/2000 7.55% 2/15/2030 235000 PV 316,357 316,357
    WAL-MART STORES INC DTD 8/24/2007 5.8% 2/15/2018 315000 PV 364,011 364,011

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    THE DAVENPORT FAMILY FOUNDATION
    C/O BALDWIN FAMILY OFFICE LLC
    EIN: 23-7871419
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 4600 SHARES 645,150 645,150
    ABBOTT LABORATORIES 5000 SHARES 191,650 191,650
    ABBVIE 5000 SHARES 264,050 264,050
    ALTRIA GROUP INC 17000 SHARES 652,630 652,630
    AMERICAN EXPRESS CO. 7000 SHARES 635,110 635,110
    APACHE CORP 2000 SHARES 171,880 171,880
    APPLE INC. 2000 SHARES 1,122,040 1,122,040
    APPLIED MATERIALS (SOLD IN 2013) 0 SHARES 0 0
    AT&T INC 10000 SHARES 351,600 351,600
    AUTOMATIC DATA PROCESSING INC. 8550 SHARES 690,831 690,831
    CATERPILLAR INC. 1500 SHARES 136,215 136,215
    CHEVRON CORP 7000 SHARES 874,370 874,370
    CISCO SYSTEMS 15500 SHARES 347,665 347,665
    COLGATE PALMOLIVE CO. 3400 SHARES 221,714 221,714
    CONOCOPHILLIPS 7000 SHARES 494,550 494,550
    CORNING INC. 10000 SHARES 178,200 178,200
    DANAHER CORP 10000 SHARES 772,000 772,000
    DOMINION RESOURCES INC VIRGINIA 3100 SHARES 200,539 200,539
    EASTMAN CHEMICAL CO. 12000 SHARES 968,400 968,400
    EMERSON ELECTRIC CO. 8500 SHARES 596,530 596,530
    ENGILITY HLDGS INC COM (SOLD IN 2013) 0 SHARES 0 0
    EXELON CORPORATION 3000 SHARES 82,170 82,170
    EXXON MOBIL CORPORATION 6890 SHARES 697,268 697,268
    FRANKLIN RESOURCES INC. 1700 SHARES 294,423 294,423
    GENERAL ELECTRIC CO. 8400 SHARES 235,452 235,452
    H J HEINZ CO. (SOLD IN 2013) 0 SHARES 0 0
    HONEYWELL INTERNATIONAL INC 10000 SHARES 913,700 913,700
    ILLINOIS TOOL WORKS 3000 SHARES 252,240 252,240
    INTEL CORP. 11900 SHARES 308,865 308,865
    INTL BUSINESS MACHINES CORP. 4400 SHARES 825,308 825,308
    JOHNSON & JOHNSON 6800 SHARES 622,812 622,812
    JPMORGAN CHASE & CO 8500 SHARES 497,080 497,080
    KELLOGG CO. 8000 SHARES 488,560 488,560
    L-3 COMMUNICATIONS HLDGS INC 2000 SHARES 213,720 213,720
    LOCKHEED MARTIN CORP. 3500 SHARES 520,310 520,310
    MCDONALDS CORP. 2500 SHARES 242,575 242,575
    MCGRAW HILL INC. 2000 SHARES 156,400 156,400
    MEDTRONIC INC. 6000 SHARES 344,340 344,340
    MERCK & CO INC 4500 SHARES 225,225 225,225
    MICROSOFT CORP. 17000 SHARES 635,970 635,970
    NEXTERA ENERGY INC 7500 SHARES 642,150 642,150
    NORTHERN TRUST CORP 2500 SHARES 154,725 154,725
    NOVARTIS AG ADR 5500 SHARES 442,090 442,090
    NUCOR CORP (SOLD IN 2013) 1850 SHARES 0 0
    OMNICOM GROUP 8467 SHARES 629,691 629,691
    ORACLE CORP 15000 SHARES 573,900 573,900
    PEPSICO INC. 8500 SHARES 704,990 704,990
    PFIZER INC. 271370 SHARES 8,312,063 8,312,063
    PG&E CORP 9000 SHARES 362,520 362,520
    PHILLIPS 66 3500 SHARES 269,955 269,955
    PROCTER & GAMBLE CO. 9400 SHARES 765,254 765,254
    QUALCOMM CORP. 6500 SHARES 482,625 482,625
    SCHLUMBERGER LTD. 8000 SHARES 720,880 720,880
    TARGET CORP 6000 SHARES 379,620 379,620
    UNITED TECHNOLOGIES CORP. 9000 SHARES 1,024,200 1,024,200
    VARIAN MEDICAL SYSTEMS INC 6400 SHARES 497,216 497,216
    WALT DISNEY CO. 5000 SHARES 382,000 382,000
    WATERS CORP 3000 SHARES 300,000 300,000
    YUM BRANDS INC 6750 SHARES 510,368 510,368

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    THE DAVENPORT FAMILY FOUNDATION
    C/O BALDWIN FAMILY OFFICE LLC
    EIN: 23-7871419
    US Government Securities - End of Year Book Value:

    8,336,990
    US Government Securities - End of Year Fair Market Value:

    8,336,990
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2013 OtherExpensesSchedule
    Name:
    THE DAVENPORT FAMILY FOUNDATION
    C/O BALDWIN FAMILY OFFICE LLC
    EIN: 23-7871419
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE 542 0   542
    INSURANCE 2,200 0   2,200
    DUES/MEMBERSHIP FEES 725 0   725
    POSTAGE/SHIPPING EXPENSE 365 0   365
    BANK FEES 201 0   201


    TY 2013 OtherIncreasesSchedule
    Name:
    THE DAVENPORT FAMILY FOUNDATION
    C/O BALDWIN FAMILY OFFICE LLC
    EIN: 23-7871419
    Description Amount
    NET CHANGE IN UNREALIZED APPRECIATION FOR TAX YEAR 5,666,151


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    THE DAVENPORT FAMILY FOUNDATION
    C/O BALDWIN FAMILY OFFICE LLC
    EIN: 23-7871419
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 184,855 184,855   0


    TY 2013 TaxesSchedule
    Name:
    THE DAVENPORT FAMILY FOUNDATION
    C/O BALDWIN FAMILY OFFICE LLC
    EIN: 23-7871419
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,002 2,002   0
    EXCISE TAXES 18,945 0   0