Form990-PF
Click to see attachment

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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
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:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$149,285,262J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 610,448 610,448  
4 Dividends and interest from securities... 2,205,434 2,205,434  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,024,428
b Gross sales price for all assets on line 6a 102,970,634
7 Capital gain net income (from Part IV, line 2)... 11,024,428
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)....... Click to see attachment 67,600 67,600  
12 Total. Add lines 1 through 11........ 13,907,910 13,907,910  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 626,862 294,643   332,219
14 Other employee salaries and wages...... 321,868 0   362,227
15 Pension plans, employee benefits....... 145,756 0   145,756
16a Legal fees (attach schedule)......... Click to see attachment 135,124 0   135,124
b Accounting fees (attach schedule)....... Click to see attachment 28,012 5,602   22,410
c Other professional fees (attach schedule).... Click to see attachment 137,677 49,880   87,797
17 Interest............... 15,505 15,505   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 434,413 38,831   31,062
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 66,922 0   66,922
21 Travel, conferences, and meetings....... 137,501 0   149,462
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 160,627 0   160,627
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,210,267 404,461   1,493,606
25 Contributions, gifts, grants paid....... 3,034,878 5,477,878
26 Total expenses and disbursements. Add lines 24 and 25 5,245,145 404,461   6,971,484
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,662,765
b Net investment income (if negative, enter -0-) 13,503,449
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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.............   61,779 61,779
2 Savings and temporary cash investments......... 2,210,354 1,449,243 1,449,243
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 52,320 52,320
10a Investments—U.S. and state government obligations (attach schedule) 15,179,602 Click to see attachment10,573,844 10,573,844
b Investments—corporate stock (attach schedule)....... 110,045,835 Click to see attachment104,888,826 104,888,826
c Investments—corporate bonds (attach schedule)....... 9,331,176 Click to see attachment6,948,063 6,948,063
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 19,173,721 Click to see attachment25,182,795 25,182,795
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment229,261 Click to see attachment128,392 Click to see attachment128,392
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 156,184,286 149,285,262 149,285,262
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................. 2,443,000 0
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 attachment-17,100 Click to see attachment234,420
23 Total liabilities (add lines 17 through 22)......... 2,425,900 234,420
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 153,758,386 149,050,842
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)..... 153,758,386 149,050,842
31 Total liabilities and net assets/fund balances (see instructions). 156,184,286 149,285,262
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
153,758,386
2
Enter amount from Part I, line 27a .....................
2
8,662,765
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
162,421,151
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
13,370,309
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
149,050,842
Form 990-PF (2015)
Form 990-PF (2015)
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 102,970,634   91,946,206 11,024,428
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       11,024,428
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 11,024,428
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))
2014 8,463,967 154,257,203 0.054869
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
2
Total of line 1, column (d) .....................
20.253072
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
0.050614
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
151,551,283
5
Multiply line 4 by line 3......................
5
7,670,617
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
135,034
7
Add lines 5 and 6........................
7
7,805,651
8
Enter qualifying distributions from Part XII, line 4.............
8
6,971,484
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 270,069
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........................... 3 270,069
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- ..... 5 270,069
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 206,100
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.............. 7 206,100
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1,781
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 65,750
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 2015 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 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 2015 or the taxable year beginning in 2015 (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
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 2015, 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  
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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
    Caleb N Davis Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Dr Christopher Davis Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Haley T 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
    Serena Davis Hall Trustee
    2.00     		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
    Dr William Given Kee Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Dr Jonathan T Howe Trustee
    1.00     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Alicia Jaworski 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
    Hilary Rosenthal Trustee (term ended 02/15)
    0.25     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Jonathan P Davis Trustee (term ended 02/15)
    0.25     		0 0 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Dr Nancy Cable President
    25.00     		173,565 44,842 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    SunTrust Banks Inc Corporate Trustee/Investment Manager
    3.00     		453,297 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
    Cheryl A Tupper VP for Programs (Rel
    25.00     		80,755 26,987 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Doreen Flippin VP for Administratio
    25.00     		76,051 25,195 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Tom Torretta Chief Information Of
    25.00     		46,306 16,796 0
    225 Water Street Suite 1510
    Jacksonville,FL32202
    Nance Spiak CFO
    16.00     		56,032 0 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
    Legg Mason Inc Investment Mgt 49,880
    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  
    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
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    151,878,318
    b
    Average of monthly cash balances.......................
    1b
    1,980,853
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    153,859,171
    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
    153,859,171
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,307,888
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    151,551,283
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,577,564
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    7,577,564
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    270,069
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    270,069
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,307,495
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,307,495
    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
    7,307,495
    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
    6,971,484
    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
    6,971,484
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,971,484
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 7,307,495
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 103,976
    b From 2011...... 125,365
    c From 2012...... 202,577
    d From 2013...... 47,024
    e From 2014...... 947,667
    fTotal of lines 3a through e........ 1,426,609
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 6,971,484
    a Applied to 2014, 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 2015 distributable amount..... 6,971,484
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 336,011 336,011
    (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 1,090,598
    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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. 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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		1,090,598
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 95,907
    c Excess from 2013.... 47,024
    d Excess from 2014.... 947,667
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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 (2015)
    Form 990-PF (2015)
    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
    A Place to Turn
    99 Hartford Street
    Natick,MA01760     		None Public charity Charitable purposes 2,000
    Advocates Victim Assistance Team
    PO Box 155
    Hot Slphr Spr,CO80451     		None Public charity Charitable purposes 1,000
    Aylas Acres No Kill Animal Rescue Inc
    PO Box 1634
    St Augustine,FL32085     		None Public charity Charitable purposes 150
    Cambridge Health Alliance
    350 Main St Commerce Pl
    Malden,MA02148     		None Public charity Health care 200,000
    Camp Chief Ouray
    PO Box 648
    Granby,CO80446     		None Public charity Charitable purposes 1,000
    Candler School of Theology
    1599 Clifton Rd 2nd Fl
    Atlanta,GA30322     		None Public charity Religious literacy & interfaith leadership 100,000
    Carnegie Mellon University
    5000 Forbes Avenue
    Pittsburgh,PA15213     		None Public charity Private higher education 200,000
    Cathedral Arts Project Inc
    207 N Laura Street Suite 300
    Jacksonville,FL32202     		None Public charity Charitable purposes 10,000
    Center for Arts in Natick
    14 Summer Street
    Natick,MA01760     		None Public charity Charitable purposes 1,000
    Center for Effective Philanthropy Inc
    675 Massachusetts Avenue Suite 7
    Cambridge,MA02139     		None Public charity Charitable purposes 5,000
    Clara White Mission
    613 W Ashley St
    Jacksonville,FL32202     		None Public charity Charitable purposes 2,000
    Converse College
    580 E Main Street
    Spartanburg,SC29302     		None Public charity Private higher education 50,000
    Dillard University
    2601 Gentilly Blvd
    New Orleans,LA70122     		None Public charity Private higher education 100,000
    Dining for Women
    PO Box 25633
    Greenville,SC29616     		None Public charity Charitable purposes 5,210
    Downtown Ecumenical Services Council Inc
    215 Ocean Street
    Jacksonville,FL32202     		None Public charity Charitable purposes 75
    Drexel University
    3201 Arch Street Suite 420
    Philadelphia,PA19104     		None Public charity Private higher education 80,000
    Family Foundations of Northeast Florida Inc
    40 E Adams Street
    Jacksonville,FL32202     		None Public charity Charitable purposes 20,000
    Firelight Media Inc
    324 Convent Avenue
    New York,NY10031     		None Public charity Public educational media 200,000
    Gallaudet University
    800 Florida Avenue
    Washington,DC20002     		None Public charity Private higher education 100,000
    Georgetown University
    3700 O Street NW
    Washington,DC20057     		None Public charity Charitable purposes 50,000
    Grand Foundation's GAP Fund for Youth
    PO Box 1342
    Winter Park,CO80482     		None Public charity Charitable purposes 1,000
    Harvard University The Pluralism Project
    1033 Massachusetts Avenue
    Cambridge,MA02138     		None Public charity Religious literacy & interfaith leadership 50,000
    Howard School Inc
    1192 Foster Street NW
    Atlanta,GA30318     		None Public charity Charitable purposes 8,000
    Hubbard House
    PO Box 4909
    Jacksonville,FL32201     		None Public charity Charitable purposes 1,750
    Jacksonville Humane Society
    8464 Beach Boulevard
    Jacksonville,FL32216     		None Public charity Charitable purposes 2,500
    Kipp Jacksonville Inc
    1440 McDuff Avenue North
    Jacksonville,FL32254     		None Public charity Charitable purposes 750
    Knights of Rizal of Greater Jacksonville Inc
    3360 Pickwick Drive South
    Jacksonville,FL32257     		None Public charity Charitable purposes 900
    Lancaster Theological Seminary
    555 W James St
    Lancaster,PA17603     		None Public charity Theological education 50,000
    Macalester College
    1600 Grand Avenue
    Saint Paul,MN55105     		None Public charity Private higher education 100,000
    Make A Wish Foundation
    4742 N 24th Street
    Phoenix,AZ85016     		None Public charity Charitable purposes 1,000
    Massachusetts Audubon Society Inc
    208 S Great Road Gordon Hall
    Lincoln,MA01773     		None Public charity Charitable purposes 2,000
    Mayo Clinic
    200 First Street SW
    Rochester,MN55905     		None Public charity Medicine & health 350,000
    Michael J Fox Foundation for Parkinsons Research
    PO Box 4777
    New York,NY10163     		None Public charity Charitable purposes 2,000
    Middlebury College
    14 Old Chapel Road
    Middlebury,VT05753     		None Public charity Charitable purposes 4,000
    Middlesex School
    1400 Lowell Road
    Concord,MA01742     		None Public charity Charitable purposes 3,000
    Millsaps College
    PO Box 150433
    Jackson,MS39210     		None Public charity Private higher education 200,000
    National Sports Center for the Disabled Inc
    1801 Mile High Stadium Circle Suite
    1500
    Denver,CO80204     		None Public charity Charitable purposes 2,000
    Newseum Institute Inc
    1207 18th Street South
    Nashville,TN37212     		None Public charity Religious literacy & interfaith leadership 200,000
    OneJax
    1 UNF Drive Building 53 No 2750
    Jacksonville,FL32224     		None Public charity Charitable purposes 8,000
    Pacific School of Religion
    1798 Scenic Avenue
    Berkeley,CA94709     		None Public charity Charitable purposes 6,000
    Partnership for Palliative Care
    6 W 48th St Fl 12
    New York,NY10036     		None Public charity Medicine & health 150,000
    Pilgrim Church
    25 South Main Street
    Sherborn,MA01770     		None Public charity Charitable purposes 8,000
    Pit Sisters Inc
    14286-19 Beach Boulevard Suite 234
    Jacksonville,FL32250     		None Public charity Charitable purposes 250
    Princeton University
    701 Carnegie Center Suite 442
    Princeton,NJ08540     		None Public charity Private higher education 50,000
    Ripon College
    POBox 248
    Ripon,WI54971     		None Public charity Private higher education 22,500
    Rivers School
    333 Winter Street
    Weston,MA02193     		None Public charity Charitable purposes 2,000
    Rocky Mountain Repertory Theatre
    PO Box 1682
    Grand Lake,CO80447     		None Public charity Charitable purposes 1,500
    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 Medicine & health 100,000
    Sherborn Community Center Foundation Inc
    PO Box 2
    Sherborn,MA01770     		None Public charity Charitable purposes 2,000
    Skidmore College
    815 N Broadway
    Saratoga Springs,NY12866     		None Public charity Charitable purposes 3,000
    Smithsonian Astrohpysical Observatory
    60 Garden Street
    Cambridge,MA02138     		None Public charity Secondary education 196,793
    Solar One (CEC Stuyvesant Cove Inc)
    37 W 26th Street
    New York,NY10010     		None Public charity Secondary education 150,000
    Southern Dominican Province USA
    1421 North Causeway Boulevard Suite
    200
    Metairie,LA70001     		None Public charity Charitable purposes 50
    St Peter's Church
    421 Wianno Avenue
    Osterville,MA02655     		None Public charity Charitable purposes 5,000
    Stanford University School of Medicine
    300 Pasteur Drive
    Stanford,CA94305     		None Public charity Medicine & health 200,000
    The Colorado Trial Foundation
    710 10th Street Suite 210
    Golden,CO80401     		None Public charity Charitable purposes 1,000
    The Schwartz Center for Compassionate Healthcare
    205 Portland Street
    Boston,MA02114     		None Public charity Medicine & health 100,000
    Three Bays Preservation Inc
    POBox 215
    Osterville,MA02655     		None Public charity Charitable purposes 2,000
    University of Miami
    PO Box 248106
    Coral Gables,FL33124     		None Public charity Private higher education 200,000
    University of New Hampshire
    9 Edgewood Road
    Durham,NH03824     		None Public charity Charitable purposes 1,000
    University of North Florida Foundation Inc
    One UNF Drive Building 53 Suite
    2750
    Jacksonville,FL32224     		None Public charity Charitable purposes 1,050
    University of Rochester
    910 Genesee Street Suite 200
    Rochester,NY14611     		None Public charity Charitable purposes 4,000
    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
    Virginia Theological Seminary
    3737 Seminary Road
    Alexandria,VA22304     		None Public charity Theological education 12,000
    Visayas-Mindanao Association of Jacksonville Inc
    8275 Hamden Circle E
    Jacksonville,FL32244     		None Public charity Charitable purposes 6,400
    Voyageur Outward Bound School
    1400 Energy Park Drive Suite 18
    Saint Paul,MN55108     		None Public charity Charitable purposes 1,000
    We Filipinos Inc
    5607 University Blvd W
    Jacksonville,FL32216     		None Public charity Charitable purposes 2,000
    WETA
    3939 Campbell Avenue
    Arlington,VA22206     		None Public charity Public television 550,000
    WGBH
    One Guest Street
    Boston,MA02135     		None Public charity Public television 600,000
    Wildlife Science Center
    5463 W Broadway Avenue
    Forst Lake,MN55025     		None Public charity Charitable purposes 8,000
    Winter Park Ski Education Foundation
    PO Box 192
    Winter Park,CO80482     		None Public charity Charitable purposes 1,500
    WJCT
    100 Festival Park Avenue
    Jacksonville,FL32202     		None Public charity Charitable purposes 5,000
    WNET
    825 8th Avenue
    New York,NY10019     		None Public charity Public television 250,000
    Wofford College
    429 N Church Street
    Spartanburg,SC29303     		None Public charity Private higher education 75,000
    Woods Hold Oceanographic Institution
    569 Woods Hole Road- MS14
    Woods Hole,MA02543     		None Public charity Charitable purposes 2,500
    WTTW
    5400 N St Louis Avenue
    Chicago,IL60625     		None Public charity Public television 200,000
    Young Mens Christian Association of the Greater Twin Cities
    2125 E Hennepin Avenue Suite 150
    Minneapolis,MN55413     		None Public charity Charitable purposes 1,000
    Total .................................bullet 3a 5,477,878
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 ...........     		    14 610,448  
    4 Dividends and interest from securities....     14 2,205,434  
    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.....     14 67,600  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 11,024,428  
    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 13,907,910 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1313,907,910
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 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 28,012 5,602   22,410

    TY 2015 GeneralExplanationAttachment
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Identifier Return Reference Explanation
      Form 990-PF, Part VIII, Line 1, Column b - Corporate Trustee Avrg Hrs/Wk As Corporate Trustee, SunTrust Banks, Inc. provides administrative services such as acting as investment manager for the Foundation. These services require numerous individual bank employees' involvement in the activities of the Foundation and thus cannot be quantified on an hourly basis. Therefore, the Trustee's fees are not based upon an hourly basis but are calculated based upon factors such as the market value of the account and in accordance with the Trustee's agreement with the Foundation.

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T INC 178,914 178,914
    ACE INA HOLDINGS 178,634 178,634
    AMERICAN EXPRESS CREDIT 177,492 177,492
    AMERICAN INTL GROUP 177,400 177,400
    ANHEUSER-BUSCH INBEV WOR 176,061 176,061
    APPLE INC 265,723 265,723
    BERKSHIRE HATHAWAY INC 182,571 182,571
    CSX CORP 176,969 176,969
    CVS CAREMARK CORP 181,222 181,222
    CHEVRON CORP 178,164 178,164
    CISCO SYSTEMS INC 177,084 177,084
    CITIGROUP INC 172,806 172,806
    COMCAST CORP 180,202 180,202
    CONOCOPHILLIPS COMPANY 222,884 222,884
    JOHN DEERE CAPITAL CORP 174,351 174,351
    WALT DISNEY COMPANY 180,488 180,488
    ECOLAB INC 179,540 179,540
    ENTERPRISE PRODUCTS OPER 166,761 166,761
    EXXON MOBIL CORPORATION 183,271 183,271
    GENERAL ELECTRIC CAPITAL CORP 177,699 177,699
    GLAXOSMITHKLINE CAP INC 178,740 178,740
    GOLDMAN SACHS GROUP INC 177,564 177,564
    HOME DEPOT INC 183,318 183,318
    JPMORGAN CHASE & CO 177,666 177,666
    KINDER MORGAN ENER PART 157,533 157,533
    MERRILL LYNCH & CO 177,819 177,819
    NOBLE ENERGY INC 143,122 143,122
    ORACLE CORP 178,164 178,164
    PLAINS ALL AMER PIPELINE 153,138 153,138
    TIME WARNER INC 174,297 174,297
    US BANCORP 174,759 174,759
    UNITED TECHNOLOGIES CORP 179,342 179,342
    VERIZON COMMUNICATIONS 181,950 181,950
    VISA INC 176,671 176,671
    WATSON PHARMACEUTICALS INC 179,786 179,786
    WELLS FARGO & COMPANY 176,213 176,213
    BHP BILLITON FIN USA LTD 149,977 149,977
    BARRICK GOLD CORP 159,633 159,633
    HSBC HOLDINGS PLC 180,135 180,135

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ISHARES CORE S&P 500 ETF 7,408,099 7,408,099
    ISHARES RUSSELL 1000 VALUE ETF 7,158,948 7,158,948
    ISHARES RUSSELL 1000 GROWTH ETF 10,596,212 10,596,212
    CAMBIAR SMALL CAP FUND 2,571,914 2,571,914
    BRANDES INTERNATIONAL SMALL CAP 2,913,539 2,913,539
    DFA INTERNATIONAL CORE EQUITY FUND 11,112,818 11,112,818
    EATON VANCE ATLANTA CAPITAL SMID CAP FUND 4,720,171 4,720,171
    FEDERATED STRATEGIC VAL DIV IS 14,358,665 14,358,665
    HARTFORD DIVIDEND AND GROWTH FUND 7,439,014 7,439,014
    T. ROWE PRICE INSTITUTIONAL LARGE-CAP GROWTH FUND 10,941,657 10,941,657
    MAINSTAY ICAP INTERNATIONAL FUND 7,874,037 7,874,037
    OPPENHEIMER DEVELOPING MARKETS FUND 5,270,952 5,270,952
    T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND INC 2,888,334 2,888,334
    DOUBLELINE TOTAL RETURN BOND FUND 4,553,111 4,553,111
    OSTERWEIS STRATEGIC INCOME FUND 5,081,355 5,081,355

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    US Government Securities - End of Year Book Value:

    10,573,844
    US Government Securities - End of Year Fair Market Value:

    10,573,844
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2015 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 11,799,487 11,799,487
    VOYAGER PARTNERS OFFSHORE LTD SUB CLASS S SERIES ONE FMV 7,513,047 7,513,047
    HARBOURVEST 2015 GLOBAL FUND L.P. FMV 90,649 90,649
    PINE GROVE OFFSHORE FD LTD LOW VOLATILITY FD CL A FMV 5,779,612 5,779,612

    TY 2015 LegalFeesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 135,124 0   135,124


    TY 2015 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 229,261 128,392 128,392


    TY 2015 OtherDecreasesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Amount
    Unrealized gains/(losses) on securities 13,370,309


    TY 2015 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 34,597 0   34,597
    Communications 5,931 0   5,931
    Office supplies 10,377 0   10,377
    Insurance 8,685 0   8,685
    Dues and subscriptions 2,157 0   2,157
    Office equipment 13,260 0   13,260
    Professional development 4,328 0   4,328
    Trustee strategic planning 57,329 0   57,329
    Organizational memberships 19,958 0   19,958
    Outreach 3,059 0   3,059
    Payroll processing 946 0   946


    TY 2015 OtherIncomeSchedule2
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Miscellaneous Income 67,600 67,600 67,600


    TY 2015 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) -17,100 234,420


    TY 2015 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 49,880 49,880   0
    Other professional fees 87,797 0   87,797


    TY 2015 TaxesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll taxes 31,062 0   31,062
    Federal excise tax & penalties 364,520 0   0
    Foreign taxes paid 38,831 38,831   0