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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
Arthur Vining Davis Foundation #3
 

Number and street (or P.O. box number if mail is not delivered to street address)225 Water Street Suite 1510   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Jacksonville, FL32202
A Employer identification number

59-6159693
B Telephone number (see instructions)

(904) 359-0670
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$156,184,286J Accounting method:
 
(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
Sch. B ...............
3 Interest on savings and temporary cash investments 1,091,311 1,091,311  
4 Dividends and interest from securities...... 1,638,208 1,638,208  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,578,092
b Gross sales price for all assets on line 6a 36,451,285
7 Capital gain net income (from Part IV, line 2)... 5,578,092
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........ 8,307,611 8,307,611  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 213,861 0   213,861
14 Other employee salaries and wages...... 353,160 0   353,160
15 Pension plans, employee benefits....... 185,121 0   185,121
16a Legal fees (attach schedule)......... Click to see attachment 20,545 0   20,545
b Accounting fees (attach schedule)....... Click to see attachment 30,745 6,149   24,596
c Other professional fees (attach schedule).... Click to see attachment 569,575 493,960   75,615
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 116,240 0   38,165
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 62,009 0   62,009
21 Travel, conferences, and meetings....... 139,292 0   139,292
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 147,658 0   147,658
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,838,206 500,109   1,260,022
25 Contributions, gifts, grants paid........ 7,363,020 7,282,020
26 Total expenses and disbursements. Add lines 24 and 25 9,201,226 500,109   8,542,042
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -893,615
b Net investment income (if negative, enter -0-) 7,807,502
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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............... 189,000 180,402 180,402
2 Savings and temporary cash investments.......... 2,028,327 2,029,952 2,029,952
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...........   14,337 14,337
10a Investments—U.S. and state government obligations (attach schedule) 14,907,868 Click to see attachment15,179,602 15,179,602
b Investments—corporate stock (attach schedule)........ 109,580,880 Click to see attachment110,045,835 110,045,835
c Investments—corporate bonds (attach schedule)........ 10,346,056 Click to see attachment9,331,176 9,331,176
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 17,642,433 Click to see attachment19,173,721 19,173,721
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment311,875 Click to see attachment229,261 Click to see attachment229,261
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 155,006,439 156,184,286 156,184,286
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................. 2,362,000 2,443,000
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) Click to see attachment15,825 Click to see attachment-17,100
23 Total liabilities (add lines 17 through 22).......... 2,377,825 2,425,900
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 152,628,614 153,758,386
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 instructions)...... 152,628,614 153,758,386
31 Total liabilities and net assets/fund balances (see instructions).. 155,006,439 156,184,286
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)............... 1 152,628,614
2 Enter amount from Part I, line 27a..................... 2 -893,615
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2,023,387
4 Add lines 1, 2, and 3.......................... 4 153,758,386
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. 6 153,758,386
Form 990-PF (2014)
Form 990-PF (2014)
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 36,451,285   30,873,193 5,578,092
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       5,578,092
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 5,578,092
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 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))
2013 7,156,833 144,362,483 0.049575
2012 6,791,738 136,935,421 0.049598
2011 6,748,568 136,203,708 0.049548
2010 6,325,792 127,840,792 0.049482
2009 5,855,241 114,983,305 0.050923
2 Total of line 1, column (d) ...................... 2 0.249126
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 0.049825
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 154,257,203
5 Multiply line 4 by line 3....................... 5 7,685,865
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 78,075
7 Add lines 5 and 6......................... 7 7,763,940
8 Enter qualifying distributions from Part XII, line 4.............. 8 8,542,042
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 (2014)
Form 990-PF (2014)
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 78,075
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 78,075
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 78,075
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 95,175
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 95,175
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 17,100
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet17,100 RefundedBullet 11 0
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 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)
    bulletFL
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletwww.avdf.org
    14
    The books are in care ofbulletOffice of the President Telephone no.bullet (904) 359-0670
    Located atbullet225 Water Street Suite 1510JacksonvilleFL ZIP+4bullet32202
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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
    JH Dow Davis Chairman
    5.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Serena Davis Hall Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Maynard K Davis Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Dorothy Davis Kee Trustee
    2.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Hilary Rosenthal Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Jonathan P Davis Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Tamara Davis Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    William Given Kee Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Dorothy Given Kee Trustee - term ended 10/2014
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Dr Nancy Cable President
    25.00     		166,005 47,856 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    SunTrust Banks Inc Corporate Trustee
    3.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    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
    Jane M Estes CFO
    25.00     		91,138 31,006 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    William C Keator VP for Programs (Edu
    25.00     		81,674 32,862 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Cheryl A Tupper VP for Programs (Rel
    25.00     		77,799 28,005 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Doreen Flippin VP for Administratio
    25.00     		68,796 25,241 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    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
    SunTrust Banks Inc Investment Mgt 434,394
    303 Peachtree Street 15th Floor
    Atlanta,GA30308
    Legg Mason Inc Investment Mgt 59,567
    100 International Drive
    Baltimore,MD21202
    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 (2014)
    Form 990-PF (2014)
    Page 8
    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 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
    154,662,092
    b
    Average of monthly cash balances.......................
    1b
    1,714,944
    c
    Fair market value of all other assets (see instructions)................
    1c
    229,261
    d
    Total (add lines 1a, b, and c).........................
    1d
    156,606,297
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    156,606,297
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,349,094
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    154,257,203
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,712,860
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    7,712,860
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    78,075
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    78,075
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,634,785
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,634,785
    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
    7,634,785
    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
    8,542,042
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    8,542,042
    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
    78,075
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,463,967
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 7,634,785
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 18,439
    b From 2010....... 103,976
    c From 2011....... 125,365
    d From 2012....... 192,329
    e From 2013....... 21,895
    fTotal of lines 3a through e......... 462,004
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 8,542,042
    a Applied to 2013, but not more than line 2a 0
    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 2014 distributable amount..... 7,634,785
    e Remaining amount distributed out of corpus 907,257
    5 Excess distributions carryover applied to 2014. 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 1,369,261
    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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		18,439
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,350,822
    10 Analysis of line 9:
    a Excess from 2010.... 103,976
    b Excess from 2011.... 125,365
    c Excess from 2012.... 192,329
    d Excess from 2013.... 21,895
    e Excess from 2014.... 907,257
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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).)
    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 or e-mail address of the person to whom applications should be addressed:
    Dr Nancy Cable Arthur Vining Davis
    225 Water Street Suite 1510
    Jacksonville,FL32202
    (904) 359-0670
    bThe form in which applications should be submitted and information and materials they should include:
    Applicants should submit a simple statement describing the proposed project. A budget outline should also be appended. After evaluation of the initial proposal, further detailed information may be requested. Copies of audited financial statements for the past three years are normally requested. All proposals must come from the president or other primary executive of an institution. Additional information is available on the Foundation's web page.
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The following activities/organizations are not supported by the Foundation: A) Institutions outside the U.S. and its possessions B) Assistance to individuals (except as chosen by a grantee institution under an organized scholarship program) C) Support for voter registration drives, voter education, efforts to influence elections or legislation D) Expenditures for non-charitable purposes E) Institutions primarily supported by governmental funds (except in health care and secondary education) F) Projects which incur obligations that extend over several years G) Private foundations within sec. 509(A) of the 1969 Tax Reform Act
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    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
    Jacksonville Community Council
    100 Festival Park Avenue
    Jacksonville,FL32202     		None Public charity Charitable purposes 5,000
    Africa University
    PO Box 340007
    Nashville,TN37203     		None Public charity Charitable purposes 5,000
    Agnes Scott College
    141 E College Avenue
    Decatur,GA30030     		None Public charity Private higher education 150,000
    Amherst College
    PO Box 5000
    Amherst,MA01002     		None Public charity Private higher education 100,000
    Association of Governing Boards
    1133 20th St NW
    Washington,DC20036     		None Public charity Private higher education 250,000
    Association of Theological Schools
    10 Summit Park Dr
    Pittsburgh,PA15275     		None Public charity Religion 50,000
    Atlanta Community Food Bank
    732 Joseph E Lowery Boulevard NW
    Atlanta,GA30318     		None Public charity Charitable purposes 2,500
    Auburn Theological Seminary
    475 Riverside Dr
    New York,NY10115     		None Public charity Religion 200,000
    Baptist Health System Inc
    820 Prudential Dr Ste 414
    Jacksonville,FL32207     		None Public charity Charitable purposes 5,000
    Candler School of Theology
    1599 Clifton Rd 2nd Fl
    Atlanta,GA30322     		None Public charity Religion 200,000
    Care and Counseling Center of Georgia Inc
    1814 Clairmont Road
    Decatur,GA30033     		None Public charity Charitable purposes 10,000
    CAST
    40 Harvard Mills Square Suite 3
    Wakefield,MA01880     		None Public charity Secondary education 100,000
    Center for Teaching Quality
    605 W Main Street STE 207
    Carrboro,NC27510     		None Public charity Secondary education 50,000
    Centre College of Kentucky
    600 W Walnut St
    Danville,KY40422     		None Public charity Private higher education 200,000
    Chesapeake Bay Foundation
    6 Herndon Ave
    Annapolis,MD21403     		None Public charity Secondary education 200,000
    Clara White Mission
    613 W Ashley St
    Jacksonville,FL32202     		None Public charity Charitable purposes 5,000
    College of the Atlantic
    105 Eden St
    Bar Harbor,ME04609     		None Public charity Charitable purposes 200,000
    College of Wooster
    1101 North Bever Street
    Wooster,OH44691     		None Public charity Private higher education 250,000
    Commonweal Institute for Study of Health & Illness
    PO Box 316
    Bolinas,CA94924     		None Public charity Health care 200,000
    Council of Independent Colleges
    1 Dupont Cir NW Ste 320
    Washington,DC20036     		None Public charity Private higher education 200,000
    Dartmouth-Hitchcock Medical Center
    1 Medical Center Drive
    Lebanon,NH03756     		None Public charity Health care 150,000
    Davidson College
    PO Box 7162
    Davidson,NC28035     		None Public charity Private higher education 250,000
    Davidson College
    PO Box 7162
    Davidson,NC28035     		None Public charity Charitable purposes 10,000
    Doctors Without Borders
    333 7th Ave Fl 2
    New York,NY10001     		None Public charity Charitable purposes 100,000
    Dominican University of California
    50 Acacia Ave
    San Rafael,CA94901     		None Public charity Private higher education 50,000
    Edward Waters College
    1658 Kings Rd
    Jacksonville,FL32209     		None Public charity Charitable purposes 5,000
    Emory University
    1599 Clifton Rd 2nd Fl
    Atlanta,GA30322     		None Public charity Private higher education 200,000
    Family Fdn of NE FL Inc
    40 E Adams St 320
    Jacksonville,FL32202     		None Public charity Charitable purposes 10,000
    Florida Theatre
    128 E Forsyth St
    Jacksonville,FL32202     		None Public charity Charitable purposes 2,000
    Florida Trail Association Inc
    5415 SW 13th St
    Gainesville,FL32608     		None Public charity Charitable purposes 1,000
    Franklin & Marshall College
    PO Box 3003
    Lancaster,PA17604     		None Public charity Private higher education 250,000
    Harvard University The Pluralism Project
    1033 Massachusetts Avenue
    Cambridge,MA02138     		None Public charity Religion 100,000
    Jacksonville Public Education Fund Inc
    40 E Adams St
    Jacksonville,FL32202     		None Public charity Charitable purposes 5,000
    Jacksonville Symphony Association
    300 West Water Street
    Jacksonville,FL32202     		None Public charity Charitable purposes 1,000
    KERA
    3000 Harry Hines Blvd
    Dallas,TX75201     		None Public charity Charitable purposes 26,000
    Manifold Productions- Admiral Rickover
    5508 Surrey Street
    Chevy Chase,MD20815     		None Public charity Public television 250,000
    Marietta College
    215 Fifth St
    Marietta,OH45750     		None Public charity Private higher education 200,000
    Massachusetts General Hospital
    529 Main St Ste 510
    Charlestown,MA02129     		None Public charity Health care 100,000
    Massachusetts Institute of Technology
    77 Massachusetts Avenue STE 520
    Cambridge,MA02139     		None Public charity Secondary education 150,000
    Museum of Science & History
    1025 Museum Cir
    Jacksonville,FL32207     		None Public charity Charitable purposes 2,000
    National Humanities Center
    7 TW Alexander Drive
    RTP,NC27709     		None Public charity Secondary education 150,000
    National Multiple Sclerosis Society
    733 Third Avenue
    New York,NY10017     		None Public charity Charitable purposes 6,000
    New York Theological Seminary
    475 Riverside Dr Ste 500
    New York,NY10115     		None Public charity Religion 200,000
    Oglala Laskota College
    490 Piya Wiconi Road
    Kyle,SD57752     		None Public charity Private higher education 250,000
    Olmstead Linear Park Alliance
    PO Box 5500
    Altanta,GA31107     		None Public charity Charitable purposes 5,000
    Open Door Community
    1630 Main Street 311
    Walnut Creek,CA94596     		None Public charity Charitable purposes 2,500
    Payne Theological Seminary
    PO Box 474
    Wilberforce,OH45384     		None Public charity Religion 150,000
    Queens University of Charlotte
    1900 Selwyn Ave
    Charlotte,NC28274     		None Public charity Secondary education 200,000
    Riverside Presbyterian Church
    46040 Center Oak Plaza Suite 130
    Sterling,VA20166     		None Public charity Charitable purposes 2,000
    SAFE Pet Rescue Inc
    PO Box 840215
    St Augustine,FL32080     		None Public charity Charitable purposes 2,000
    Smithsonian Institute
    1000 Jefferson Dr SW
    Washington,DC20560     		None Public charity Secondary education 200,000
    St Johns Riverkeeper
    2800 University Blvd N
    Jacksonville,FL32211     		None Public charity Charitable purposes 1,000
    The Aspen Institute
    PO Box 222
    Queenstown,MD21658     		None Public charity Charitable purposes 63,000
    University of Washington School of Medicine
    407 Gerberding Hall
    Seattle,WA98195     		None Public charity Health care 200,000
    Wake Forest School of Divinity
    1834 Wake Forest Road
    Winston Salem,NC27109     		None Public charity Religion 200,000
    We Filipinos Inc
    5607 University Blvd W
    Jacksonville,FL32216     		None Public charity Charitable purposes 2,000
    Wesley Theological Seminary
    4500 Massachusetts Ave NW
    Washington,DC20016     		None Public charity Religion 100,000
    WETA - Telling America's Stories
    3939 Campbell Avenue
    Arlington,VA22206     		None Public charity Public television 300,000
    WETAFlorentine Films
    3939 Campbell Avenue
    Arlington,VA22206     		None Public charity Public television 250,000
    WGBH - Last Days in Vietnam
    One Guest Street
    Boston,MA02135     		None Public charity Public television 75,000
    WGBH-Freedom Summer
    One Guest Street
    Boston,MA02135     		None Public charity Public television 200,000
    WJCT
    100 Festival Park Avenue
    Jacksonville,FL32202     		None Public charity Charitable purposes 5,000
    World Affairs Council of Jacksonville
    100 Festival Park Avenue
    Jacksonville,FL32202     		None Public charity Charitable purposes 100,000
    Wounded Warriors
    4899 Belfort Road Suite 300
    Jacksonville,FL32256     		None Public charity Charitable purposes 1,000
    WPBT - 21st Century-Panama Canal
    One Guest Street
    Boston,MA02135     		None Public charity Public television 250,000
    WTTW-Father Jerzy
    5400 N St Louis Avenue
    Chicago,IL60625     		None Public charity Public television 75,000
    Employee matching grants
    255 Water Street Suite 1510
    Jacksonville,FL32202     		None Public charity Charitable purposes 3,520
    Other small special project grants
    225 Water Street Suite 1510
    Jacksonville,FL32202     		None Public charity Charitable purposes 44,500
    Total .................................bullet 3a 7,282,020
    bApproved for future payment
    Cambridge Health Alliance
    350 Main St Commerce Pl
    Malden,MA02148     		None Public charity Health care 200,000
    Dillard University
    2601 Gentilly Blvd
    New Orleans,LA70122     		None Public charity Private higher education 100,000
    Lancaster Theological Seminary
    555 W James St
    Lancaster,PA17603     		None Public charity Religion 50,000
    Millsaps College
    PO Box 150433
    Jackson,MS39210     		None Public charity Private higher education 200,000
    Partnership for Palliative Care
    6 W 48th St Fl 12
    New York,NY10036     		None Public charity Health care 150,000
    Princeton University
    701 Carnegie Center Suite 442
    Princeton,NJ08540     		None Public charity Private higher education 50,000
    Rutgers University
    7 College Avenue Winants Hall
    New Brunswick,NJ08901     		None Public charity Charitable purposes 50,000
    Seattle Children's Hospital
    PO Box 5371 MSC RC-507
    Seattle,WA98145     		None Public charity Health care 100,000
    Solar One (CEC Stuyvesant Cove Inc)
    37 W 26th Street
    New York,NY10010     		None Public charity Secondary education 150,000
    University of Miami
    PO Box 248106
    Coral Gables,FL33124     		None Public charity Private higher education 200,000
    University of Virginia
    PO Box 400194
    Charlottesville,VA22904     		None Public charity Secondary education 193,000
    Virginia Foundation for the Humanities
    145 Ednam Dr
    Charlottesville,VA22903     		None Public charity Public television 200,000
    WETA
    3939 Campbell Avenue
    Arlington,VA22206     		None Public charity Public television 500,000
    WETA
    3939 Campbell Avenue
    Arlington,VA22206     		None Public charity Charitable purposes 50,000
    WNET
    825 8th Avenue
    New York,NY10019     		None Public charity Public television 250,000
    Total .................................bullet 3b 2,443,000
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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 1,091,311  
    4 Dividends and interest from securities....     14 1,638,208  
    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 5,578,092  
    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 8,307,611 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    138,307,611
    (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 (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Auditing & tax advisory fees 30,745 6,149   24,596

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CREDIT 266,343 266,343
    ANHEUSER-BUSCH INBEV WOR 275,042 275,042
    AT&T INC 253,733 253,733
    BARRICK GOLD CORP 292,551 292,551
    BERKSHIRE HATHAWAY INC 259,694 259,694
    BHP BILLITON FIN USA LTD 283,472 283,472
    CISCO SYSTEMS INC 287,585 287,585
    CITIGROUP INC 284,140 284,140
    COMCAST CORP 245,966 245,966
    CSX CORP 256,259 256,259
    CVS CAREMARK CORP 280,506 280,506
    ECOLAB INC 249,870 249,870
    ENTERPRISE PRODUCTS OPER 254,765 254,765
    GENERAL ELECTRIC CAPITAL CORP 278,640 278,640
    GLAXOSMITHKLINE CAP INC 255,720 255,720
    GOLDMAN SACHS GROUP INC 269,919 269,919
    HSBC HOLDINGS PLC 265,644 265,644
    JOHN DEERE CAPITAL CORP 251,160 251,160
    JPMORGAN CHASE & CO 290,349 290,349
    KINDER MORGAN ENER PART 253,476 253,476
    MERRILL LYNCH & CO 258,487 258,487
    METLIFE INC 250,728 250,728
    NOBLE ENERGY INC 236,294 236,294
    ORACLE CORP 251,162 251,162
    PLAINS ALL AMER PIPELINE 278,919 278,919
    PNC FUNDING CORP 261,875 261,875
    TARGET CORP 299,670 299,670
    TIME WARNER INC 271,068 271,068
    UNITED TECHNOLOGIES CORP 276,045 276,045
    UNITEDHEALTH GROUP INC 271,073 271,073
    US BANCORP 273,303 273,303
    VERIZON COMMUNICATIONS 258,899 258,899
    WALT DISNEY COMPANY 257,394 257,394
    WELLPOINT INC 271,493 271,493
    WELLS FARGO & COMPANY 259,932 259,932

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EATON VANCE FLOATING-RATE FUND 3,285,149 3,285,149
    ISHARES IBOXX H/Y CORP BOND ETF 3,782,732 3,782,732
    TEMPLETON GLOBAL BOND FUND 2,481,553 2,481,553
    BRANDES INTERNATIONAL SMALL CAP 2,796,698 2,796,698
    CAMBIAR SMALL CAP FUND 3,921,928 3,921,928
    FEDERATED STRATEGIC VAL DIV IS 13,889,207 13,889,207
    HARTFORD DIVIDEND AND GROWTH FUND 8,143,887 8,143,887
    ISHARES CORE S&P 500 ETF 20,491,715 20,491,715
    ISHARES MSCI EAFE ETF 9,198,400 9,198,400
    ISHARES RUSSELL MIDCAP GRWTH ETF 4,013,272 4,013,272
    ISHARES RUSSELL 1000 VALUE ETF 7,225,420 7,225,420
    ISHARES RUSSELL 1000 GROWTH ETF 6,566,304 6,566,304
    MANNING & NAPIER FUND INC-WORLD OPPORTUNITIES SERIES FUND 5,688,462 5,688,462
    OPPENHEIMER DEVELOPING MARKETS FUND 5,652,208 5,652,208
    T ROWE PRICE REAL ESTATE FUND 4,610,184 4,610,184
    T. ROWE PRICE INSTITUTIONAL LARGE-CAP GROWTH FUND 8,298,716 8,298,716

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    US Government Securities - End of Year Book Value:

    15,179,602
    US Government Securities - End of Year Fair Market Value:

    15,179,602
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2014 InvestmentsOtherSchedule2
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LIGHTHOUSE DIVERSIFIED LTD OFFSHORE FD FMV 11,484,021 11,484,021
    VOYAGER PARTNERS OFFSHORE LTD CL S SER RESTRICTED JULY 2012 FMV 7,689,700 7,689,700

    TY 2014 LegalFeesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 20,545 0   20,545


    TY 2014 OtherAssetsSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Accrued interest and dividends 311,875 229,261 229,261


    TY 2014 OtherExpensesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Computer equipment & maintenance 53,900 0   53,900
    Communications 9,844 0   9,844
    Office supplies 3,166 0   3,166
    Insurance 5,699 0   5,699
    Dues and subscriptions 13,044 0   13,044
    Office equipment 23,148 0   23,148
    Professional development 15,281 0   15,281
    Trustee strategic planning 18,051 0   18,051
    Miscellaneous 638 0   638
    Outreach 4,142 0   4,142
    Payroll processing 745 0   745


    TY 2014 OtherIncreasesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Description Beginning of Year - Book Value End of Year - Book Value
    Federal excise tax payable (receivable) 15,825 -17,100


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management fees 493,960 493,960   0
    Other professional fees 75,615 0   75,615


    TY 2014 TaxesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN: 59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll taxes 38,165 0   38,165
    Federal excise tax 78,075 0   0