Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
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 SAM & FREDA DAVIS 1993 CHARITABLE
TRUST C/O AMG NATIONAL TRUST
Number and street (or P.O. box number if mail is not delivered to street address)6295 GREENWOOD PLAZA BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENWOOD VILLAGE, CO801114908
A Employer identification number

84-6261346
B Telephone number (see instructions)

(303) 694-2190
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$8,254,037J 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 16,507 84  
4 Dividends and interest from securities... 124,091 124,091  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 293,583
b Gross sales price for all assets on line 6a 3,526,514
7 Capital gain net income (from Part IV, line 2)... 293,583
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 12,684 12,684  
12 Total. Add lines 1 through 11........ 446,865 430,442  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,300 2,150   2,150
c Other professional fees (attach schedule).... Click to see attachment 57,984 57,984   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 30,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 92,284 60,134   2,150
25 Contributions, gifts, grants paid....... 475,000 475,000
26 Total expenses and disbursements. Add lines 24 and 25 567,284 60,134   477,150
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -120,419
b Net investment income (if negative, enter -0-) 370,308
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............. 6,162 5,456 5,456
2 Savings and temporary cash investments......... 256,216 520,875 520,875
3 Accounts receivable bullet860
Less: allowance for doubtful accounts bullet     860 860
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)      
b Investments—corporate stock (attach schedule)....... 764,717 Click to see attachment678,343 933,845
c Investments—corporate bonds (attach schedule)....... 7,193,700 Click to see attachment6,897,817 6,738,326
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 218,483 Click to see attachment222,482 54,675
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,439,278 8,325,833 8,254,037
Liabilities 17 Accounts payable and accrued expenses..........   6,974
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 6,974
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........ 8,776,333 8,776,333
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -337,055 -457,474
30 Total net assets or fund balances (see instructions)..... 8,439,278 8,318,859
31 Total liabilities and net assets/fund balances (see instructions). 8,439,278 8,325,833
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
8,439,278
2
Enter amount from Part I, line 27a .....................
2
-120,419
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,318,859
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,318,859
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 AMG 0120-PUBLICLY TRADED SECURITIES SHORT TERM P    
b AMG 0120-PUBLICLY TRADED SECURITIES LONG TERM P    
c AMG 0139-PUBLICLY TRADED SECURITIES SHORT TERM P    
d AMG 0139-PUBLICLY TRADED SECURITIES LONG TERM P    
e AMG 0139- CLASS ACTION CITIGROUP P    
AMG 0200-PUBLICLY TRADED SECURITIES SHORT TERM P    
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 1,466,142   1,469,035 -2,893
b 1,297,738   1,321,964 -24,226
c 58,041   88,913 -30,872
d 504,239   328,817 175,422
e 27     27
1,968   24,202 -22,234
198,359     198,359
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       -2,893
b       -24,226
c       -30,872
d       175,422
e       27
      -22,234
      198,359
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 2 293,583
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 499,050 9,753,736 0.051165
2013 422,983 9,217,554 0.045889
2012 442,285 8,529,467 0.051854
2011 417,699 8,959,964 0.046618
2010 373,736 8,411,303 0.044433
2
Total of line 1, column (d) .....................
20.239959
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
0.047992
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
9,042,396
5
Multiply line 4 by line 3......................
5
433,963
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,703
7
Add lines 5 and 6........................
7
437,666
8
Enter qualifying distributions from Part XII, line 4.............
8
477,150
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 3,703
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 3,703
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 3,703
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 19,512
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 19,512
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 15,809
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet8,809 RefundedBullet 11 7,000
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)
    bulletCO
    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 addressbulletN/A
    14
    The books are in care ofbulletAMG NATIONAL TRUST BANK Telephone no.bullet (303) 694-2190

    Located atbullet6295 GREENWOOD PLAZA BLVDGREENWOOD VILLAGECO ZIP+4bullet801114908
    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
     
     
    ........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
    AMG NATIONAL TRUST BANK TRUSTEE
    1.00     		0 0 0
    6295 GREENWOOD PLAZA BLVD
    GREENWOOD VILLAGE,CO801114908
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    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
    8,346,138
    b
    Average of monthly cash balances.......................
    1b
    833,959
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,180,097
    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
    9,180,097
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    137,701
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,042,396
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    452,120
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    452,120
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,703
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,703
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    448,417
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    448,417
    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
    448,417
    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
    477,150
    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
    477,150
    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
    3,703
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    473,447
    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 7 448,417
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 422,739
    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$ 477,150
    a Applied to 2014, but not more than line 2a 422,739
    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..... 54,411
    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 ..........     		394,006
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    DENVER ART MUSEUM
    100 W 14TH AVE PKWY
    DENVER,CO80204     		NONE EXEMPT EDUCATIONAL 24,359
    ELEANOR ROOSEVELT INSTITUTE FOR CANCER RESEARCH
    2101 E WESLEY AVE
    DENVER,CO80208     		NONE EXEMPT SCIENTIFIC 24,359
    ST MARY'S ACADEMY
    4545 S UNIVERSITY BLVD
    ENGLEWOOD,CO80113     		NONE EXEMPT EDUCATIONAL 12,180
    THE SALK INSTITUTE FOR BIOLOGICAL STUDIES
    10010 N TORREY PINES ROAD
    LA JOLLA,CA92037     		NONE EXEMPT SCIENTIFIC 160,769
    UNIVERSITY OF COLORADO HEALTH SCIENCE CENTER
    PO BOX 6508
    AURORA,CO80045     		NONE EXEMPT SCIENTIFIC 48,718
    UNIVERSITY OF DENVER COLORADO SEMINARY
    2199 S UNIVERSITY BLVD
    DENVER,CO80208     		NONE EXEMPT RELIGIOUS 90,128
    UNIVERSITY OF DENVER SCHOOL OF LAW
    2199 S UNIVERSITY BLVD
    DENVER,CO80208     		NONE EXEMPT EDUCATIONAL 90,128
    UNIVERSITY OF TEXAS
    1515 HOLCOMBE BLVD
    HOUSTON,TX77030     		NONE EXEMPT EDUCATIONAL 24,359
    Total .................................bullet 3a 475,000
    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 16,507  
    4 Dividends and interest from securities....     14 124,091  
    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.....     15 12,684  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 293,583  
    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).. 0 446,865 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13446,865
    (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:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
     
    TRUST C/O AMG NATIONAL TRUST
    EIN:
    84-6261346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 4,300 2,150   2,150

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
     
    TRUST C/O AMG NATIONAL TRUST
    EIN:
    84-6261346
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMG 0120-ASTON/RIVER RD SMALL CAP VAL CL N 90,952 83,811
    AMG 0120-CHAMPLAIN SMALL CO FD-ADV 153,040 185,382
    AMG 0120-ALLIANCE BERNSTEIN GLOBAL BOND FUND, INC 78,040 75,589
    AMG 0120-WILLIAM BLAIR INT'L GROWTH CLASS N #317 53,640 57,869
    AMG 0120-BUFFALO MID CAP FUND #1446 116,415 100,534
    AMG 0120-CAUSEWAY INTERNATL VALUE INV 425,040 366,795
    AMG 0120-DODGE & COX STOCK FUND # 145 21,297 31,219
    AMG 0120-ETFS PLATINUM TRUST 69,005 47,979
    AMG 0120-ETFS PALLADIUM TRUST 32,956 23,726
    AMG 0120-FAM VALUE 60,756 79,790
    AMG 0120-GOLDMAN SACHS FS FEDERAL INST 302,889 302,889
    AMG 0120-HARBOR MID CAP VALUE FUND #023 50,802 72,629
    AMG 0120-HARBOR SMALL CAP GROWTH INSTL #410 134,656 116,952
    AMG 0120-HARDING LOEVER EMERGING MARKETS 28,877 25,597
    AMG 0120-OAKMARK INT'L FUND (HARRIS) #109 207,500 194,459
    AMG 0120-ISHARES MSCI EMU 144,253 131,750
    AMG 0120-ISHARES MSCI EAFE INDEX FUND 613,529 558,427
    AMG 0120-ISHARES RUSSELL MIDCAP GROWTH 190,352 262,983
    AMG 0120-ISHARES RUSSELL MIDCAP INDEX 171,957 230,339
    AMG 0120-ISHARES RUSSELL 1000 VALUE 31,892 48,147
    AMG 0120-ISHARES RUSSELL 1000 GROWTH 36,373 55,311
    AMG 0120-ISHARES RUSSELL 1000 INDEX 76,746 119,429
    AMG 0120-ISHARES RUSSELL 2000 234,748 280,424
    AMG 0120-ISHARES DJ US ENERGY SECTOR 339,926 279,243
    AMG 0120-ISHARES MSCI ACWI EX US INDEX FUND 234,733 239,244
    AMG 0120-I SHARES SILVER TRUST 33,245 26,512
    AMG 0120-JENSEN PORTFOLIO CL I 34,171 44,744
    AMG 0120-MANNING & NAPIER WORLD OPPORTUNITIES 46,097 41,048
    AMG 0120-MARSICO FOCUS FUND #40 40,615 36,896
    AMG 0120-MATTHEWS PACIFIC TIGER FUND # 802 20,040 20,897
    AMG 0120-MORGAN STANLEY INS INTL EQ-A 38,815 46,850
    AMG 0120-RS VALUE FUND 230,738 211,472
    AMG 0120-T ROWE PRICE MID-CAP GROWTH # 64 186,924 230,969
    AMG 0120-T ROWE PRICE INTERNATIONAL BOND # 76 450,040 426,778
    AMG 0120-T ROWE PRICE EMERGING MKTS STK FND #111 80,040 70,588
    AMG 0120-T ROWE PRICE MIDCAP VALUE #115 112,674 97,442
    AMG 0120-ROYCE PREMIER FUND (INV CL) #265 55,578 88,183
    AMG 0120-SPDR GOLD TRUST 88,158 76,602
    AMG 0120-THORNBURG INTL VALUE FUND I 326,480 285,401
    AMG 0120-TWEEDY BROWNE GLOBAL VALUE FUND #1 293,652 284,908
    AMG 0120-VANGUARD ENERGY FUND INVESTOR SHS #51 517,052 337,265
    AMG 0120-VANGUARD SHORT-TERM INVESTMENT GRADE INV #39 50,040 49,254
    AMG 0120-VANGUARD LTD TERM T/E FD-ADM #531 393,084 392,000

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
     
    TRUST C/O AMG NATIONAL TRUST
    EIN:
    84-6261346
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMG 0139-ABBVIE INC 30,313 31,693
    AMG 0139-AMERICAN INTERNATIONAL GROUP 31,370 37,616
    AMG 0139-AMGEN INC 8,907 26,135
    AMG 0139-APACHE CORP 23,637 20,767
    AMG 0139-BB&T CORP 30,615 30,853
    AMG 0139-BAKER HUGHES INC 23,437 26,259
    AMG 0139-BANK OF AMERICA CORP 30,120 29,368
    AMG 0139-BANK OF NEW YORK MELLON CORP 16,384 28,071
    AMG 0139-BECTON DICKINSON & CO 16,544 37,136
    AMG 0139-CATERPILLAR INC DEL COM 32,823 26,708
    AMG 0139-CISCO SYSTEMS INC 27,366 41,656
    AMG 0139-CITIGROUP INC 16,220 32,033
    AMG 0139-COCA-COLA CO FEMSA SAB-SP ADR 36,307 28,112
    AMG 0139-COSTCO WHOLESALE CORP 3,154 11,951
    AMG 0139-DEVON ENERGY CORP 18,062 10,944
    AMG 0139-GENERAL ELEC CO COM 31,175 40,713
    AMG 0139-GILEAD SCIENCES INC COM 4,328 24,286
    AMG 0139-GOLDMAN SACHS GROUP INC. 8,268 30,098
    AMG 0139-HP INC 11,179 12,645
    AMG 0139-HALLIBURTON COMPANY 10,409 12,288
    AMG 0139-HEWLETT-PACKARD CO 12,455 16,234
    AMG 0139-INTEL CORP 24,118 38,722
    AMG 0139-IBM CORP 35,498 30,414
    AMG 0139-JP MORGAN CHASE & CO 21,450 37,769
    AMG 0139-JOHNSON & JOHNSON 6,884 14,997
    AMG 0139-LAS VEGAS SANDS CORP 13,033 12,845
    AMG 0139-MACY'S INC 20,788 20,009
    AMG 0139-MARKEL CORP COM 10,267 30,917
    AMG 0139-MICROSOFT CORPORATION 13,818 30,847
    AMG 0139-ORACLE CORPORATION 6,484 23,452
    AMG 0139-PHILIP MORRIS INTERNATIONAL 10,616 20,395
    AMG 0139-QUALCOMM INC 20,927 18,195
    AMG 0139-TRAVELERS COS INC 8,409 25,055
    AMG 0139-VOYA FINANCIAL,INC 31,408 33,477
    AMG 0139-AXIS CAPITAL HOLDINGS LTD 11,670 20,577
    AMG 0139-EATON CORP PLC 19,900 20,608

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
     
    TRUST C/O AMG NATIONAL TRUST
    EIN:
    84-6261346
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMG 0200-BP PRUDHOE BAY ROYALTY TRUST AT COST 52,895 15,588
    AMG 0200-CHESAPEAKE GRANITE WAS TRUST AT COST 16,270 4,445
    AMG 0200-DORCHESTER MINERALS LP AT COST 4,950 2,680
    AMG 0200-ECA MARCELLUS TRUST I AT COST 7,665 775
    AMG 0200-ENDURO ROYALTY TRUST AT COST 14,678 4,022
    AMG 0200-HUGOTON ROYALTY TRUST TEXAS UNIT BEN INT AT COST 38,631 4,701
    AMG 0200-MV OIL TRUST AT COST 11,057 1,782
    AMG 0200-PERMIAN BASIN ROYALTY TRUST AT COST 14,865 4,665
    AMG 0200-SABINE ROYALTY TRUST-SBI AT COST 8,801 4,359
    AMG 0200-SAN JUAN BASIN ROYALTY TR-UBI AT COST 6,684 1,826
    AMG 0200-SANDRIDGE PERMIAN TRUST AT COST 16,151 3,211
    AMG 0200-SANDRIDGE MISSISSIPIAN TRUST I AT COST 5,595 1,565
    AMG 0200-SANDRIDGE MISSISSIPIAN TRUST II AT COST 11,237 1,880
    AMG 0200-VOC ENERGY TRUST AT COST 13,003 3,176

    TY 2015 OtherIncomeSchedule2
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
     
    TRUST C/O AMG NATIONAL TRUST
    EIN:
    84-6261346
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 12,684 12,684 12,684


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
     
    TRUST C/O AMG NATIONAL TRUST
    EIN:
    84-6261346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE AND INVESTMENT FEES 57,984 57,984   0


    TY 2015 TaxesSchedule
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
     
    TRUST C/O AMG NATIONAL TRUST
    EIN:
    84-6261346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2014 ESTIMATED TAX PAYMENTS 30,000 0   0