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
The Paul and Carol David Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)4048 Dressler Rd NW 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Canton, OH44718
A Employer identification number

34-1319236
B Telephone number (see instructions)

(330) 479-0200
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$61,119,009J 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) 1,169,920
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 261 261  
4 Dividends and interest from securities... 842,317 837,035  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 724,377
b Gross sales price for all assets on line 6a 26,562,001
7 Capital gain net income (from Part IV, line 2)... 724,377
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 -23,360 24,108  
12 Total. Add lines 1 through 11........ 2,713,515 1,585,781  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 36,000 9,000   27,000
14 Other employee salaries and wages...... 237,559 93,554   144,005
15 Pension plans, employee benefits....... 61,726 18,518   18,518
16a Legal fees (attach schedule)......... Click to see attachment 2,549 510   0
b Accounting fees (attach schedule)....... Click to see attachment 20,056 14,039   6,017
c Other professional fees (attach schedule).... Click to see attachment 980 294   294
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 81,569 14,872   4,927
19 Depreciation (attach schedule) and depletion... 3,206 0  
20 Occupancy.............. 43,981 17,592   17,592
21 Travel, conferences, and meetings....... 500 0   500
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 292,804 264,318   25,550
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 780,930 432,697   244,403
25 Contributions, gifts, grants paid....... 1,437,962 1,437,962
26 Total expenses and disbursements. Add lines 24 and 25 2,218,892 432,697   1,682,365
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 494,623
b Net investment income (if negative, enter -0-) 1,153,084
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............. 484,411 395,394 395,394
2 Savings and temporary cash investments......... 2,251,042 2,651,984 2,651,984
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 750,800 Click to see attachment53,644 53,683
b Investments—corporate stock (attach schedule)....... 9,039,426 Click to see attachment3,971,916 3,857,842
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 41,295,272 Click to see attachment46,090,615 42,346,322
14 Land, buildings, and equipment: basis bullet152,900
Less: accumulated depreciation (attach schedule) bullet94,320 61,786 58,580 58,580
15 Other assets (describe bullet) Click to see attachment10,383,325 Click to see attachment11,538,196 Click to see attachment11,755,204
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,266,062 64,760,329 61,119,009
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 64,266,062 64,760,329
30 Total net assets or fund balances (see instructions)..... 64,266,062 64,760,329
31 Total liabilities and net assets/fund balances (see instructions). 64,266,062 64,760,329
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
64,266,062
2
Enter amount from Part I, line 27a .....................
2
494,623
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
64,760,685
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
356
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
64,760,329
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 Capital Gains/Losses from PTPs P 2015-01-01 2015-12-31
b Glenmede - Capital Gains P 2015-01-01 2015-12-31
c Other Income/Loss P 2015-01-01 2015-12-31
d Fidelity - Capital Gains P 2015-01-01 2015-12-31
e Capital Gains Dividends P    
(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 305,784     305,784
b 5,649,192   5,018,305 630,887
c 133,628     133,628
d 20,190,966   20,819,319 -628,353
e 282,431     282,431
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       305,784
b       630,887
c       133,628
d       -628,353
e       282,431
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 2 724,377
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 1,769,402 63,586,822 0.027827
2013 1,886,646 59,668,528 0.031619
2012 1,831,313 55,414,743 0.033047
2011 1,843,004 54,613,260 0.033746
2010 2,563,805 51,854,505 0.049442
2
Total of line 1, column (d) .....................
20.175681
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
0.035136
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
62,706,775
5
Multiply line 4 by line 3......................
5
2,203,265
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
11,531
7
Add lines 5 and 6........................
7
2,214,796
8
Enter qualifying distributions from Part XII, line 4.............
8
1,682,365
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 23,062
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 23,062
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 23,062
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 40,182
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 40,182
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 17,120
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet17,120 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletOH
    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.davidfoundation.org
    14
    The books are in care ofbulletWalter J Stanislawski Telephone no.bullet (330) 479-0200

    Located atbullet4048 Dressler Rd NW 200CantonOH ZIP+4bullet44718
    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?
    16Yes  
    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 bulletOC
    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
     
    No
    .........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
    Carol David Chairperson
    8.00     		0 0 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Thomas G Knoll Trustee
    2.00     		0 0 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Jeffrey David President
    35.00     		36,000 2,160 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Scott F Whetstone Trustee
    1.00     		0 0 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    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
    Walt Stanislawski Staff
    40.00     		188,033 35,183 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Becky Duplain Staff
    40.00     		49,526 24,413 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    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
    Oxford Financial Group Investment Fees 237,698
    11711 North Meridian St Ste 6
    Carmel,IN46032
    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 Granting scholarships to qualified high school students in Stark County. 1,000,058
    2 Support of local charitable organizations for development and maintenance of after-school projects and community development. 234,516
    3 Grants to local school districts and universities for operational expenses and educational programs. 169,088
    4 Grants to local churches for monthly support and building and improvements projects. 24,100
    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
    63,383,951
    b
    Average of monthly cash balances.......................
    1b
    277,750
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    63,661,701
    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
    63,661,701
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    954,926
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    62,706,775
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,135,339
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,135,339
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    23,062
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    23,062
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,112,277
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,112,277
    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
    3,112,277
    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
    1,682,365
    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
    1,682,365
    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
    1,682,365
    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 3,112,277
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 1,033,229
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,682,365
    a Applied to 2014, but not more than line 2a 1,033,229
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment0
    d Applied to 2015 distributable amount..... 649,136
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		2,463,141
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    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:
    Jeffrey David
    4048 Dressler Rd NW 200
    Canton,OH44718
    (330) 479-0200
    bThe form in which applications should be submitted and information and materials they should include:
    Applications to be requested from individual in 2(a) above.
    cAny submission deadlines:
    None.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Scholarships to qualified high school students in Stark County, Ohio.
    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
    See General Explanation for Details
    4048 Dressler Rd NW 200
    Canton,OH44718     		    Charitable 1,437,962
    Total .................................bullet 3a 1,437,962
    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 ...........     		    14 261  
    4 Dividends and interest from securities....     14 842,317  
    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.....     18 24,110  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 724,377  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aOrdinary Loss from PTP's     		900099 -47,470      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -47,470 1,591,065 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,543,595
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    The Paul and Carol David Foundation
     
    Employer identification number

    34-1319236
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    The Paul and Carol David Foundation
          		Employer identification number
    34-1319236
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Paul David Charitable Lead Trust #1
     

       
    4048 Dressler Rd NW 200
     
    Canton, OH44718

    		$ 466,464


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Paul David Charitable Lead Trust #2
     

       
    4048 Dressler Rd NW 200
     
    Canton, OH44718

    		$ 703,456


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    The Paul and Carol David Foundation
          		Employer identification number

    34-1319236
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    The Paul and Carol David Foundation
          		Employer identification number

    34-1319236
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 20,056 14,039   6,017

    TY 2015 DistributionFromCorpusElection
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Election:
    ELECTION UNDER IRC REG. 53.4942(a)-3(d)(2):Pursuant to IRC section 4942(h)(2) and Regulation 53.4942(a)-3(d)(2), The Paul and Carol David Foundation hereby elects to treat $1,033,229 of the current year's qualifying distributions in excess of the immediately preceeding year's undistributed income as being made out of corpus._________________________________ ____________Signature Date

    TY 2015 GeneralExplanationAttachment
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Identifier Return Reference Explanation
    Grants & Contributions Paid during the year 990-PF, Part XV, Line 3 Date Name Amount Community 01/01/2015 Hammer & Nails, Inc. 4,557.4201/31/2015 Wishes Can Happen 10,000.0002/26/2015 Youth Athletic Facilities Booster Club 17,734.6503/25/2015 American Red Cross 10,000.0003/25/2015 Canton Negro Oldtimers 1,200.0004/01/2015 Boys & Girls Club of Massillon 75,000.0006/17/2015 Stark Development Board 5,000.0008/25/2015 Akron-Canton Regional Food Bank 50,000.0008/25/2015 Meals on Wheels of Stark & Wayne Counties 5,000.0008/25/2015 JRC 11,111.0008/25/2015 Stark County Hunger Task Force 17,880.0008/25/2015 Habitat for Humanity - Stark & Carroll 25,000.0008/25/2015 Wilderness Center 2,000.0012/31/2015 From K-1's 33.00Total Community 234,516.07 Education 01/01/2015 Stark Education Partnership 9,000.0003/11/2015 Holy Cross Academy Catholic Schools 2,500.0003/25/2015 Canton Central Catholic High School 5,000.0003/25/2015 Early Childhood Education Alliance, Inc. 1,000.0003/25/2015 Lighthouse Visions, Inc. 500.0008/25/2015 Arts in Stark 5,000.0008/25/2015 Early Childhood Resource Center 50,000.0008/25/2015 Massillon Museum 50,000.0008/25/2015 Stark County District Library 50,000.0012/03/2015 Quest Recovery Services -3,911.94Total Education 169,088.06 Health 08/25/2015 Mercy Service Leage, Mercy Medical Center 10,000.0008/25/2015 Less: FMV of goods/services received -800.0008/25/2015 Juvenile Diabetes Research Foundation 1,000.00Total Health 10,200.00 Religious 01/01/2015 St. Joseph's Church 800.0002/01/2015 St. Joseph's Church 800.0002/12/2015 Diocese of Youngstown 2,500.0003/01/2015 St. Joseph's Church 800.0004/01/2015 St. Joseph's Church 800.0005/01/2015 St. Joseph's Church 800.0006/01/2015 St. Joseph's Church 800.0007/01/2015 St. Joseph's Church 800.0008/01/2015 St. Joseph's Church 800.0009/01/2015 St. Joseph's Church 800.0010/01/2015 St. Joseph's Church 800.0011/01/2015 St. Joseph's Church 800.0011/01/2015 St. Vincent de Paul Society 10,000.0012/01/2015 St. Joseph's Church 800.0012/01/2015 St. Joseph's Church 2,000.00Total Religious 24,100.00 Scholarships 01/01/2015 NC State University 2,750.0001/01/2015 Ashland University 2,750.0001/01/2015 University of Akron 5,500.0001/01/2015 Denison University 2,750.0001/01/2015 Hiram College 2,750.0001/01/2015 Messiah College 2,750.0001/01/2015 Notre Dame of Ohio 2,750.0001/01/2015 Otterbein University 2,750.0001/01/2015 University of Mount Union 2,750.0001/01/2015 Walsh University 2,750.0001/01/2015 Walsh University 2,750.0001/01/2015 Walsh University 2,750.0001/01/2015 Walsh University 1,808.0001/01/2015 Wellesley College 2,750.0001/01/2015 Xavier University 2,750.0001/01/2015 Ohio State University 5,500.0001/01/2015 University of Mount Union 2,750.0001/01/2015 Tufts University 5,500.0001/01/2015 Kent State University 5,500.0001/01/2015 Kent State University 5,500.0001/01/2015 Ohio State University 5,500.0001/01/2015 Case Western Reserve University 2,750.0001/01/2015 Gannon University 5,500.0001/01/2015 West Virginia University 5,500.0001/01/2015 Miami University (Ohio) 5,500.0001/01/2015 Ohio University 5,500.0001/01/2015 Ohio University 5,500.0001/01/2015 Walsh University 2,750.0001/01/2015 Columbus College of Art & Design 5,500.0001/01/2015 University of Mount Union 2,750.0001/01/2015 University of Akron 5,500.0001/01/2015 College of Wooster 2,750.0001/01/2015 Ohio State University 5,500.0001/01/2015 Ohio State University 5,500.0001/01/2015 University of Richmond 5,500.0001/01/2015 Bowling Green State University 5,500.0001/01/2015 Miami University (Ohio) 5,500.0001/01/2015 Malone University 2,750.0001/01/2015 Ohio University 5,500.0001/01/2015 University of Dayton 2,750.0001/01/2015 Miami University (Ohio) 2,750.0001/01/2015 Ohio State University 5,500.0001/01/2015 University of Mount Union 5,500.0001/01/2015 Ohio State University 5,500.0001/01/2015 West Virginia University 5,500.0001/01/2015 Walsh University 5,500.0001/01/2015 Ohio State University 5,500.0001/01/2015 Ohio State University 5,500.0001/01/2015 University of Mount Union 2,750.0001/01/2015 University of Akron 2,750.0001/01/2015 Walsh University 5,500.0001/01/2015 Portland State University 2,750.0001/01/2015 Portland State University 916.6701/01/2015 Ohio State University 2,750.0001/01/2015 Rutgers, The State University of NJ 5,500.0001/01/2015 Bowling Green State University 5,500.0001/01/2015 Liberty University 5,500.0001/01/2015 Malone University 5,500.0001/01/2015 Walsh University 2,750.0001/01/2015 Walsh University 5,500.0001/01/2015 University of Akron 2,750.0001/01/2015 Cedarville University 5,500.0001/01/2015 Case Western Reserve University 2,750.0001/01/2015 University of Akron 5,500.0001/01/2015 Miami University (Ohio) 2,750.0001/01/2015 Ohio University 5,500.0001/01/2015 Ohio University 5,500.0001/01/2015 Malone University 2,750.0001/01/2015 Ohio State University 5,500.0001/01/2015 Walsh University 5,500.0001/01/2015 University of Dayton 5,500.0001/01/2015 West Virginia University 2,750.0001/01/2015 Kent State University 5,500.0001/01/2015 University of Toledo 5,500.0001/01/2015 University of Mount Union 2,750.0001/01/2015 Ohio Northern University 5,500.0001/01/2015 University of Akron 5,500.0001/01/2015 University of Mount Union 5,500.0001/01/2015 University of Findlay 5,500.0001/01/2015 Cleveland State University 2,750.0001/01/2015 University of Akron 2,750.0001/01/2015 Case Western Reserve University 5,500.0001/01/2015 Ohio University 5,500.0001/01/2015 Ohio State University 5,500.0001/01/2015 Wittenberg University 2,750.0001/01/2015 Malone University 5,500.0001/01/2015 Ohio Northern University 5,500.0001/01/2015 Aultman College of Nursing & Health Scien 2,750.0001/01/2015 Franciscan University of Steubenville 5,500.0001/01/2015 Malone University 5,500.0001/01/2015 Ohio State University 2,750.0001/01/2015 College of Wooster 2,750.0001/01/2015 University of Rochester 2,750.0001/01/2015 University of Southern California 2,750.0001/01/2015 Harding University 5,500.0001/01/2015 Capital University 5,500.0001/01/2015 University of Findlay 5,500.0001/01/2015 Malone University 5,500.0001/01/2015 Baldwin-Wallace College 5,500.0001/01/2015 Ohio University 2,750.0001/01/2015 University of Cincinnati 2,750.0001/01/2015 Ohio State University 5,500.0001/01/2015 Capital University 2,750.0001/01/2015 Walsh University 5,500.0001/01/2015 Ohio University 5,500.0001/01/2015 Case Western Reserve University 5,500.0001/01/2015 University of Mount Union 2,750.0001/01/2015 Youngstown State University 5,500.0001/01/2015 Youngstown State University 5,500.0001/01/2015 Ohio University 5,500.0001/01/2015 Hillsdale College 5,500.0001/01/2015 Case Western Reserve University 5,500.0001/01/2015 Bowling Green State University 5,500.0001/01/2015 Kent State University 2,750.0001/01/2015 Kent State University 5,500.0001/01/2015 Kent State University 2,750.0001/01/2015 Kent State University 8,250.0001/01/2015 Malone University 5,500.0001/01/2015 Malone University 5,500.0001/01/2015 Malone University 5,500.0001/01/2015 Malone University 5,500.0001/01/2015 Miami University (Ohio) 5,500.0001/01/2015 Ohio State University 2,750.0001/01/2015 Ohio University 5,500.0001/01/2015 Taylor University 5,500.0001/01/2015 University of Akron 5,500.0001/01/2015 University of Akron 5,500.0001/01/2015 University of Akron 2,750.0001/01/2015 University of Akron 2,750.0001/01/2015 University of Cincinnati 5,500.0001/01/2015 University of South Carolina 2,750.0001/01/2015 Walsh University 5,500.0001/01/2015 Walsh University 5,500.0001/01/2015 Ohio Northern University 5,500.0001/01/2015 University of Mount Union 5,500.0001/01/2015 Mount Vernon Nazarene University 5,500.0001/01/2015 Ohio State University 5,500.0001/01/2015 Ohio State University 5,500.0001/01/2015 Ohio University 5,500.0001/01/2015 University of Cincinnati 2,750.0001/01/2015 Valparaiso University 5,500.0001/01/2015 Hiram College 2,750.0001/01/2015 Kent State University 5,500.0001/01/2015 Stark State College of Technology 2,750.0001/01/2015 Columbus State Community College 2,750.0001/01/2015 Ohio State University 2,750.0001/01/2015 Ohio State University 2,750.0001/06/2015 Ohio State University 2,750.0001/06/2015 Ohio State University 2,750.0001/06/2015 Ohio State University 2,750.0001/06/2015 Ohio State University 2,750.0001/06/2015 Ohio State University 2,750.0001/06/2015 Ohio State University 2,750.0001/06/2015 Ohio State University 2,750.0001/08/2015 Ohio State University 2,750.0001/14/2015 Kent State University 2,750.0001/14/2015 Kent State University 2,750.0002/05/2015 Cornell University 2,750.0004/08/2015 University of Findlay 8,250.0004/08/2015 University of Findlay 2,750.0004/28/2015 Columbus State Community College 2,750.0004/30/2015 Ohio State University -2,750.0005/18/2015 Kent State University 2,750.0006/01/2015 Ohio State University 2,750.0006/08/2015 Stark State College of Technology 2,750.0006/18/2015 Ohio State University 5,500.0006/23/2015 Johnson & Wales University 1,833.3306/23/2015 Malone University 2,750.0006/23/2015 University of Akron 2,750.0006/23/2015 Capital University 2,750.0006/23/2015 Walsh University 2,750.0006/23/2015 Malone University 2,750.0006/23/2015 University of Akron 2,750.0006/23/2015 Ohio State University 2,750.0006/23/2015 Kent State University 2,750.0006/24/2015 Clarion University of Pennsylvania 2,750.0006/24/2015 Eastern Kentucky University 2,750.0006/24/2015 Rensselaer Polytechnic Institute 2,750.0006/25/2015 Ohio State University 2,750.0006/25/2015 University of Akron 2,750.0006/25/2015 University of Southern California 2,750.0006/25/2015 University of Akron 2,750.0006/25/2015 Walsh University 2,750.0006/25/2015 Ohio State University 2,750.0006/25/2015 Ashland University 2,750.0006/25/2015 Bowling Green State University 2,750.0006/25/2015 Ohio University 2,750.0006/25/2015 Malone University 2,750.0006/25/2015 University of Mount Union 2,750.0006/25/2015 Denison University 2,750.0006/25/2015 University of Akron 2,750.0006/25/2015 University of Akron 2,750.0006/25/2015 Bowling Green State University 2,750.0006/25/2015 Baldwin-Wallace College 2,750.0006/25/2015 John Carroll University 2,750.0006/25/2015 Cedarville University 2,750.0006/25/2015 Kent State University 2,750.0006/25/2015 Grove City College 2,750.0006/25/2015 University of Toledo 2,750.0006/25/2015 Purdue University 2,750.0006/25/2015 University of Cincinnati 2,750.0006/25/2015 Ohio State University 2,750.0006/25/2015 Bowling Green State University 2,750.0006/25/2015 Bowling Green State University 2,750.0006/25/2015 Walsh University 2,750.0006/25/2015 University of Akron 2,750.0006/25/2015 University of Findlay 2,750.0006/25/2015 University of Akron 2,750.0006/25/2015 Ohio University 2,750.0006/25/2015 University of Akron 2,750.0006/30/2015 Ohio Northern University 2,750.0006/30/2015 Kent State University 2,750.0006/30/2015 Ohio State University 2,750.0006/30/2015 University of Akron 2,750.0006/30/2015 University of Mount Union 2,750.0006/30/2015 University of Akron 2,750.0006/30/2015 Ohio State University 2,750.0006/30/2015 Ohio State University 2,750.0006/30/2015 Walsh University 2,750.0006/30/2015 Walsh University 2,750.0006/30/2015 Walsh University 2,750.0006/30/2015 University of Akron 2,750.0006/30/2015 Malone University 2,750.0006/30/2015 Ohio State University 2,750.0006/30/2015 University of Mount Union 2,750.0006/30/2015 Youngstown State University 2,750.0006/30/2015 College of Wooster 2,750.0007/07/2015 Kent State University 2,750.0008/01/2015 University of Akron 2,750.0008/06/2015 Kent State University 8,250.0008/18/2015 Ohio State University 2,750.0012/01/2015 Ohio University 2,750.0012/01/2015 University of Dayton 2,750.0012/01/2015 Ohio Northern University 2,750.0012/01/2015 Franciscan University of Steubenville 2,750.0012/01/2015 Gannon University 2,750.0012/01/2015 Capital University 2,750.0012/01/2015 Ohio University 2,750.0012/01/2015 Case Western Reserve University 2,750.0012/01/2015 Bowling Green State University 2,750.0012/01/2015 Malone University 2,750.0012/01/2015 Malone University 2,750.0012/01/2015 Miami University (Ohio) 2,750.0012/01/2015 Bowling Green State University 2,750.0012/01/2015 Miami University (Ohio) 2,750.0012/01/2015 Ohio State University 2,750.0012/01/2015 Ohio State University 2,750.0012/01/2015 West Virginia University 2,750.0012/01/2015 Ohio University 2,750.0012/01/2015 Ohio University 2,750.0012/01/2015 Walsh University 2,750.0012/01/2015 Ohio State University 2,750.0012/01/2015 Walsh University 2,750.0012/01/2015 University of Findlay 2,750.0012/01/2015 Walsh University 2,750.0012/01/2015 Eastern Kentucky University 2,750.0012/01/2015 Walsh University 2,750.0012/01/2015 Ashland University 2,750.0012/01/2015 Bowling Green State University 2,750.0012/01/2015 Baldwin-Wallace College 2,750.0012/01/2015 John Carroll University 2,750.0012/01/2015 Purdue University 2,750.0012/01/2015 University of Cincinnati 2,750.0012/01/2015 Walsh University 2,750.0012/01/2015 University of Findlay 2,750.0012/01/2015 University of Akron 2,750.0012/01/2015 Ohio State University 2,750.0012/01/2015 Walsh University 2,750.0012/01/2015 Walsh University 2,750.0012/01/2015 Walsh University 2,750.0012/01/2015 Malone University 2,750.0012/01/2015 University of Mount Union 2,750.00Total Scholarships 1,000,058.00 Total Charities 1,437,962.13
    Fixed Assets Depreciation Detail Form 990-PF, Part II, Line 14 Asset ID - PIS - Meth/Conv/Life - Cost - Accum Depr - Current Depr - Net Add/Disp - Ending Accum Depr Class: F&F 000050 04/01/2006 SLFM5 380 380 0 0 380 000030 07/27/2006 SLFM5 440 440 0 0 440 000100 10/06/2006 SLFM5 1,482 1,482 0 0 1,482 000040 12/27/2006 SLFM5 1,500 1,500 0 0 1,500 000070 09/15/2006 SLFM5 1,636 1,636 0 0 1,636 000200 09/16/2009 SLFM3 1,950 1,950 0 0 1,950 000110 04/01/2006 SLFM5 2,012 2,012 0 0 2,012 000140 06/19/2006 SLFM5 2,306 2,306 0 0 2,306 000060 07/25/2006 SLFM5 2,426 2,426 0 0 2,426 000080 06/01/2006 SLFM5 3,592 3,592 0 0 3,592 000090 07/20/2006 SLFM5 3,660 3,660 0 0 3,660 000180 05/29/2007 SLFM5 4,164 4,164 0 0 4,164 000190 06/14/2007 SLFM5 6,590 6,590 0 0 6,590 000230 12/06/2010 SLFM7 9,308 5,429 1,330 0 6,759 000130 04/01/2006 SLFM7 14,492 14,492 0 0 14,492 000020 02/28/2006 SLFM5 22,692 22,692 0 0 22,692 Subtotal: F&F (16) 78,629 74,751 1,330 0 76,081 Class: LIMP 000120 08/01/2006 SLFM15 480 269 32 0 301 000170 05/17/2006 SLFM40 766 166 19 0 185 000150 08/09/2006 SLFM40 5,586 1,175 140 0 1,315 000160 04/01/2006 SLFM40 67,439 14,752 1,686 0 16,348 Subtotal: LIMP (4) 74,271 16,363 1,877 0 18,240 Grand Total 152,900 91,114 3,206 0 94,320 Note: There may be differences due to rounding.

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Equities 3,971,916 3,857,842

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

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


    53,644
    State & Local Government Securities - End of Year Fair Market Value:


    53,683


    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Mutual Funds AT COST 46,090,615 42,346,322

    TY 2015 LegalFeesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 2,549 510   0


    TY 2015 OtherAssetsSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Alliance Holdings GP LP 37,329 40,628 26,234
    American Midstream Partners LP 29,386 22,528 9,708
    BlueKnight Energy Partners - Preferred 29,909 29,909 31,142
    BlueKnight Energy Partners LP -4,833 -9,345 19,108
    Cedar Fair 0 41,897 44,672
    Crestwood Equity Partners LP 69,474 81,358 20,344
    Crestwood Midstream Partners LP 28,141 0 0
    Energy Transfer Equity LP 19,426 12,658 68,700
    Energy Transfer Partners LP 0 29,960 69,551
    Enterprise Products Partners LP 20,563 16,024 76,740
    NGL Energy Partners LP 30,214 0 0
    Regency Energy Partners LP 23,847 0 0
    Riverside Capital Appreciation Fund 590,986 556,183 591,854
    Savile Row Ab Multi-Strategy Institutional, LLC 2,501,809 2,663,408 2,674,385
    Savile Row Diversified Hedge E Institutional, LLC 2,510,889 2,526,082 2,641,040
    Savile Row Energy Opportunities Q, LLC -6,676 298,567 256,678
    Savile Row Frontier Opportunities T, LLC 1,587,632 1,626,511 1,517,362
    Savile Row Managed Futures T, LLC 2,779,180 2,805,527 2,868,731
    Southcross Energy Partners LP 10,690 7,435 2,492
    Spectra Energy Partners LP 11,225 8,305 38,160
    Suburban Propane Partners LP 60,202 47,657 37,681
    Teekay LNG Parners LP 48,839 59,930 23,013
    Western Gas Partners LP 5,093 1,574 59,413
    Savile Row Global Equity WP, LLC 0 39,998 40,995
    Savile Row Opportunistic Real Estate, LLC 0 631,402 637,201


    TY 2015 OtherDecreasesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Amount
    Non-Deductible Expenses from PTP's 356


    TY 2015 OtherExpensesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Advertising 4,565 0   4,565
    David Scholar Dinner 8,315 0   8,315
    Dues & Subscriptions 230 0   230
    Insurance 1,768 1,581   0
    Investment Expenses - K-1 1,681 1,681   0
    Investment Management Fees 259,747 259,747   0
    Payroll Service Fees 1,844 461   0
    Telephone 2,265 566   1,133
    Website 25 0   25
    Office Supplies 564 282   282
    Software License Fee 11,000 0   11,000
    FMV of good/services received for contributions 800 0   0


    TY 2015 OtherIncomeSchedule2
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Dividends From PTP's 2,772 2,772 2,772
    Interest From PTP's 7,367 7,365 7,367
    Ordinary Income (Loss) From PTP's 13,971 13,971 13,971
    Ordinary Loss from PTP's -47,470   -47,470


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Professional Fees 980 294   294


    TY 2015 TaxesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    State Taxes 200 0   0
    Excise 55,000 0   0
    Foreign Taxes 9,945 9,945   0
    Payroll taxes 16,424 4,927   4,927