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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
DOROTHY B DAVIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 641670
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OMAHA, NE68164
A Employer identification number

47-2493491
B Telephone number (see instructions)

(402) 990-2779
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$71,618,648J 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.............
3 Interest on savings and temporary cash investments 125,317 125,317  
4 Dividends and interest from securities... 487,128 487,128  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,454,156
b Gross sales price for all assets on line 6a 29,648,593
7 Capital gain net income (from Part IV, line 2)... 4,454,156
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 5,066,601 5,066,601  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 180,000 9,000   171,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 43,656 2,183   41,473
16a Legal fees (attach schedule)......... Click to see attachment 1,929 0   1,929
b Accounting fees (attach schedule)....... Click to see attachment 11,567 0   11,567
c Other professional fees (attach schedule).... Click to see attachment 139,676 139,676   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 245,120 5,007   10,113
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,785 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 394 0   394
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 11,786 0   11,786
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 637,913 155,866   248,262
25 Contributions, gifts, grants paid....... 13,121,481 13,121,481
26 Total expenses and disbursements. Add lines 24 and 25 13,759,394 155,866   13,369,743
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,692,793
b Net investment income (if negative, enter -0-) 4,910,735
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 123,906 52,117 52,117
2 Savings and temporary cash investments......... 4,216,412 248,366 248,366
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)      
b Investments—corporate stock (attach schedule)....... 9,665,060 Click to see attachment7,090,709 58,279,825
c Investments—corporate bonds (attach schedule)....... 3,741,334 Click to see attachment3,769,737 3,420,153
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,466,343 Click to see attachment9,956,382 9,598,316
14 Land, buildings, and equipment: basis bullet26,495
Less: accumulated depreciation (attach schedule) bullet6,624 23,656 Click to see attachment19,871 19,871
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,236,711 21,137,182 71,618,648
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 Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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 21,236,711 21,137,182
30 Total net assets or fund balances (see instructions)..... 21,236,711 21,137,182
31 Total liabilities and net assets/fund balances (see instructions). 21,236,711 21,137,182
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
21,236,711
2
Enter amount from Part I, line 27a .....................
2
-8,692,793
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
8,593,264
4
Add lines 1, 2, and 3 ..........................
4
21,137,182
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
21,137,182
Form 990-PF (2018)
Form 990-PF (2018)
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 GAIN DISTRIBUTIONS P 2016-12-31 2018-12-31
b PUBLICLY TRADED SECURITIES P 2018-06-07 2018-10-05
c PUBLICLY TRADED SECURITIES P 2016-12-31 2018-12-31
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,318     3,318
b 18,103,250   19,287,631 -1,184,381
c 11,542,025   5,906,806 5,635,219
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,318
b       -1,184,381
c       5,635,219
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,454,156
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))
2017 4,140,141 77,090,108 0.053705
2016 2,943,301 68,339,786 0.043069
2015 39,607,599 68,304,362 0.579869
2014 1,914,430 99,298,963 0.019279
2013 747,227 23,557,213 0.031720
2
Total of line 1, column (d) .....................
2
0.727642
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.145528
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
81,342,552
5
Multiply line 4 by line 3......................
5
11,837,619
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
49,107
7
Add lines 5 and 6........................
7
11,886,726
8
Enter qualifying distributions from Part XII, line 4,.............
8
13,369,743
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 49,107
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 49,107
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 49,107
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 174,559
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 174,559
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 10 125,452
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet125,452 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNE
    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 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    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 ofbulletPAMELA SWISHER Telephone no.bullet (402) 990-2779

    Located atbulletPO BOX 641670OMAHANE ZIP+4bullet681647670
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    CLINT SEEMANN DIRECTOR
    1.00     		0 0 0
    PO BOX 641670
    OMAHA,NE68164
    LEE D SEEMANN JR PRESIDENT
    1.00     		0 0 0
    PO BOX 641670
    OMAHA,NE68164
    PAMELA SWISHER EXECUTIVE DIRECTOR
    40.00     		180,000 36,000 7,656
    PO BOX 641670
    OMAHA,NE68164
    TOM NICHOLS TRUSTEE/DIRECTOR
    1.00     		0 0 0
    PO BOX 641670
    OMAHA,NE68164
    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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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
    MORGAN STANLEY INVESTMENT FEES 139,676
    1585 BROADWAY
    NEW YORK,NY10036
    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 (2018)
    Form 990-PF (2018)
    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
    81,712,114
    b
    Average of monthly cash balances.......................
    1b
    869,157
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    82,581,271
    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
    82,581,271
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,238,719
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    81,342,552
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,067,128
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,067,128
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    49,107
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    49,107
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,018,021
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,018,021
    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
    4,018,021
    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
    13,369,743
    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
    13,369,743
    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
    49,107
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    13,320,636
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 4,018,021
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 35,854,643
    d From 2016......  
    e From 2017...... 468,277
    fTotal of lines 3a through e........ 36,322,920
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 13,369,743
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 4,018,021
    e Remaining amount distributed out of corpus 9,351,722
    5 Excess distributions carryover applied to 2018. 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 45,674,642
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		45,674,642
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 35,854,643
    c Excess from 2016....  
    d Excess from 2017.... 468,277
    e Excess from 2018.... 9,351,722
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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 (2018)
    Form 990-PF (2018)
    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
    HISTORIC ARNOLDS PARK INC
    PO BOX 609
    ARNOLDS PARK,IA51331     		  PC UNRESTRICTED FOR OPERATIONS 1,000,105
    BOY SCOUTS OF AMERICA MID-AMERICA COUNCIL
    12401 W MAPLE ROAD
    OMAHA,NE68164     		  PC UNRESTRICTED FOR OPERATIONS 6,000
    ASPEN DRAKE SEEMANN FOUNDATION
    24614 MASON STREET
    WATERLOO,NE68069     		  PC UNRESTRICTED FOR OPERATIONS 415,000
    ASSISTANCE LEAGUE
    3569 LEAVENWORTH STREET
    OMAHA,NE68105     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    AUTISM ACTION PARTNERSHIPS
    10110 NICHOLAS ST STE 202
    OMAHA,NE68114     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    BIG BROTHERS BIG SISTERS
    10831 OLD MILL ROAD STE 400
    OMAHA,NE68154     		  PC UNRESTRICTED FOR OPERATIONS 35,000
    CAMP FOSTER YOUNG MENS CHRISTIAN ASSOCIATION INC
    1900 41ST STREET
    SPIRIT LAKE,IA51360     		  PC UNRESTRICTED FOR OPERATIONS 30,000
    CASA FOR DOUGLAS COUNTY
    2412 ST MARYS AVE
    OMAHA,NE68105     		  PC UNRESTRICTED FOR OPERATIONS 75,000
    CHILD SAVING INSTITUTE
    4545 DODGE STREET
    OMAHA,NE68132     		  PC UNRESTRICTED FOR OPERATIONS 152,092
    CHILDREN'S RESPITE CARE CENTERS
    2010 N 89TH STREET
    OMAHA,NE68134     		  PC UNRESTRICTED FOR OPERATIONS 25,000
    CHILDREN'S SCHOLARSHIP FUND
    7101 MERCY ROAD STE 150
    OMAHA,NE68106     		  PC UNRESTRICTED FOR OPERATIONS 100,000
    CRIME STOPPERS
    PO BOX 126
    OMAHA,NE68101     		  PC UNRESTRICTED FOR OPERATIONS 25,000
    HARBOR HOUSE DBA HOSPICE HOUSE
    7415 CEDAR STREET
    OMAHA,NE68124     		  PC UNRESTRICTED FOR OPERATIONS 64,000
    MAKE A WISH
    4742 N 24TH ST STE 230
    PHOENIX,AZ85016     		  PC UNRESTRICTED FOR OPERATIONS 75,000
    NEBRASKA GAME AND PARKS FOUNDATION
    2200 N 33RD STREET
    LINCOLN,NE68503     		  PC UNRESTRICTED FOR OPERATIONS 25,000
    NEBRASKA HUMANE SOCIETY
    8929 FORT STREET
    OMAHA,NE68134     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    OMAHA EQUESTRIAN FOUNDATION
    1004 FARNAM STREET STE 400
    OMAHA,NE68102     		  PC UNRESTRICTED FOR OPERATIONS 3,500
    PROJECT HARMONY
    11949 Q STREET
    OMAHA,NE68137     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    QUALITY LIVING INC
    6404 N 70TH PLAZA
    OMAHA,NE68104     		  PC UNRESTRICTED FOR OPERATIONS 300,000
    RONALD MCDONALD HOUSE
    620 SOUTH 38TH AVENUE
    OMAHA,NE68105     		  PC UNRESTRICTED FOR OPERATIONS 75,000
    STRATEGIC AIR COMMAND
    28210 W PARK HWY
    ASHLAND,NE68003     		  GOV UNRESTRICTED FOR OPERATIONS 800
    UNIVERSITY OF NEBRASKA FOUNDATION
    2285 S 67TH ST STE 200
    OMAHA,NE68106     		  PC UNRESTRICTED FOR OPERATIONS 54,453
    UNMC
    42ND AND EMILE
    OMAHA,NE68198     		  PC UNRESTRICTED FOR OPERATIONS 2,584,417
    US OLYMPIC SHOOTING
    1 OLYMPIC PLAZA
    COLORADO SPRINGS,CO80909     		  PC UNRESTRICTED FOR OPERATIONS 70,031
    WATERLOO VOLUNTEER FIRE DEPARTMENT
    405 7TH STREET
    WATERLOO,NE68022     		  PC UNRESTRICTED FOR OPERATIONS 98,000
    COMMUNITY ALLIANCE FOUNDATION
    4001 LEAVENWORTH ST
    OMAHA,NE68105     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    GRIEFS JOURNEY
    7811 FARNAM DRIVE
    OMAHA,NE68114     		  PC UNRESTRICTED FOR OPERATIONS 30,000
    HABITAT FOR HUMANITY OMAHA
    1701 N 24TH STREET
    OMAHA,NE68110     		  PC UNRESTRICTED FOR OPERATIONS 200,000
    HOLY NAME HOUSING
    4324 FORT ST
    OMAHA,NE68111     		  PC UNRESTRICTED FOR OPERATIONS 40,000
    MENDING FACES
    PO BOX 214
    BROOMFIELD,CO80038     		  PC UNRESTRICTED FOR OPERATIONS 25,000
    METHODIST HOPSPITAL FOUNDATION
    8701 W DODGE RD STE 450
    OMAHA,NE68114     		  PC UNRESTRICTED FOR OPERATIONS 3,996,697
    NEBRASKA CHILDREN'S AND FAMILIES
    215 CENTENNIAL MALL S STE 200
    LINCOLN,NE68508     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    PHOENIX ACADEMY
    1110 N 66TH ST
    OMAHA,NE68132     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    PROJECT HOUSEWORKS
    2316 S 24TH STREET
    OMAHA,NE68108     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    SPECIAL OLYMPICS
    9427 F ST
    OMAHA,NE68127     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    USA HOCKEY FOUNDATION
    1775 BOB JOHNSON DRIVE
    COLORADO SPRINGS,CO80906     		  SO 1 UNRESTRICTED FOR OPERATIONS 100,000
    VETERANS AMBULATORY
    10050 REGENCY CIR STE 101
    OMAHA,NE68114     		  PC UNRESTRICTED FOR OPERATIONS 3,016,386
    VISITING NURSE ASSOCATION
    12565 W CENTER RD STE 100
    OMAHA,NE68144     		  PC UNRESTRICTED FOR OPERATIONS 50,000
    Total .................................bullet 3a 13,121,481
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 ...........     		    14 125,317  
    4 Dividends and interest from securities....     14 487,128  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 4,454,156  
    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 5,066,601 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,066,601
    (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 (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 11,567 0   11,567

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    TRAP EQUIPMENT 2017-03-31 26,495 2,839 SL 7.000000000000 3,785 0    

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Name of Bond End of Year Book Value End of Year Fair Market Value
    THE ADT CORPORATION 421,841 315,013
    GENERAL ELECTRIC CO 5.0% 220,536 202,500
    SOUTHERN CO 5.5% 225,185 190,550
    MOTOROLA INC. DEBENTURES 188,369 179,575
    L BRANDS 181,845 177,748
    GOLDMAN SACHS GROUP INC 5.375% 180,053 175,248
    VERIZON COMMUNICATIONS 179,714 174,991
    BANK OF AMERICA CORP 6.5% 179,382 174,125
    UNITED CONTINENTAL 179,536 172,813
    CENTURYLINK 196,325 171,000
    FORD MOTOR CREDIT CO LLC 179,267 169,097
    GENERAL MOTORS CO 5.75% 188,541 168,875
    ALLY FINANCIAL INC. 178,209 168,283
    MORGAN STANLEY SERIES F 171,618 163,660
    CITIGROUP INC. 182,544 163,074
    JP MORGAN CHASE & CO. 5.3% 173,544 158,189
    TOLL BROS FINANCE CORP 176,722 157,719
    WELLS FARGO & CO 5.9% 179,010 156,060
    HANESBRANDS INC 101,496 97,000
    GOLDMAN SACHS GROUP INC. 86,000 84,633

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BERKSHIRE A STOCK 3,132 46,206,000
    BERKSHIRE B STOCK 30,619 3,644,000
    ABBOTT LABORATORIES ALLEIES 123,982 209,974
    MASTERCARD INC CL A 112,800 202,799
    ALPHABET INC CL C 129,634 160,520
    VERISK ANALYTICS INC COM 121,793 156,254
    AMAZON 150,924 150,197
    APPLE INC. 87,804 140,862
    MICROSOFT CORP 58,615 137,830
    PHILLIPS 66 COM 100,015 122,333
    STARBUCKS CORP WASHINGTON 92,990 110,446
    BOOKING HOLDINGS 83,865 110,235
    ECOLAB INC 92,989 109,186
    CHARLES SCHWAB NEW 76,284 105,528
    VISA INC 104,907 105,420
    ULTA BEAUTY INC 97,132 102,833
    IQVIA HOLDINGS INC 61,686 102,694
    ZOETIS INC. CLASS A 53,093 95,120
    ALLEGION PUB LTD CO 93,738 93,659
    HOME DEPOT INC. 61,855 91,924
    BLACKROCK INC 86,160 91,920
    ROYAL DUTCH SHELL PLC CL B 99,931 91,708
    SBA COMMUNICATIONS CORP 79,749 86,125
    HONEYWELL INTERNATIONAL INC. 83,588 83,236
    CHEVRON CORP 77,194 81,593
    MERCK & CO INC NEW COM 57,954 80,001
    COMCAST CORP - CLASS A 55,710 77,804
    EXXON MOBIL CORP 100,150 77,737
    BROOKFIELD ASSET MGNT CL A LTD 74,828 75,626
    AMPHENOL CORP NEW CL A 53,006 75,430
    O'REILLY AUTOMOTIVE INC 57,220 75,064
    PAYPAL HOLDINGS 72,446 74,756
    TEXAS INSTRUMENTS 51,586 72,860
    WEST PHARMACEUTICAL SVCS INC 69,547 70,974
    BANK OF AMERICA CORP 44,310 70,914
    CME GROUP INC 34,429 70,357
    AIR PROD & CHEM INC. 60,049 67,061
    APTIV PLC 64,217 66,126
    GREEN DOT CORP 62,833 65,365
    PERFORMANCE FOOD GROUP CO 53,165 63,669
    BOEING 61,509 63,533
    IHS MARKIT LTD 63,637 62,745
    MERIT MED SYST 46,522 62,284
    JOHNSON & JOHNSON 53,211 60,783
    UNITEDHEALTH GP INC 17,833 59,789
    ALPHABET INC CL A 57,965 58,518
    LOGMEIN INC COM 56,888 58,486
    ASTRAZENECA 53,883 58,223
    VERINT SYSTEMS INC 57,613 55,680
    BECTON DICKINSON & CO 43,735 55,654
    QUIDEL CP 57,641 54,923
    CONOCOPHILLIPS 39,232 54,494
    PFIZER INC 36,096 52,249
    GALAXY ENTERTAINMENT 46,772 51,509
    CORCEPT THERAPEUTICS 46,947 50,795
    ELI LILLY & CO 36,869 50,338
    COCA COLA CO 44,892 50,002
    GARTNER INC 38,715 49,602
    PNC FINL SVCS GP 37,942 49,570
    TENCENT HOLDINGS 45,647 48,390
    TRANSDIGM GROUP 35,591 48,289
    THE SIMPLY GOOD FOODS COMPANY 36,184 47,042
    BIOGEN INC. COM 40,512 46,342
    W W GRAINGER 45,518 46,025
    MCDONALDS CORP 37,117 44,570
    TRAVELERS COMPANIES INC 37,028 43,709
    THERMO FISHER 44,800 43,639
    VERIZON COMMUNICATIONS 36,502 43,233
    PALO ALTO NETWORKS 39,614 42,379
    FRONTDOOR INC 37,153 42,257
    GENL DYNAMICS CORP 37,641 41,346
    EDENRED S A ADR 35,383 40,715
    AMERICAN EXPRESS 39,801 37,556
    HLTH CARE SVC GRP 37,436 37,367
    ANALOG DEVICES INC 27,253 37,079
    HERSHEY COMPANY 31,203 36,977
    VERISIGN INC 27,907 36,924
    CARDTRONICS PLC CLASS A 32,624 36,920
    VIRTUSA CORP 27,567 36,159
    NEXTERA ENERGY INC 18,815 35,807
    SALESFORCE.COM 32,939 35,338
    PROGRESSIVE CORP OHIO 23,850 34,509
    AUTODESK INC. DELAWARE 13,077 34,339
    MARTIN MARIETTA MATERIALS 34,167 34,202
    ILL TOOL WORKS INC. 28,279 33,953
    TAL EDUC GROUP 29,480 33,884
    CATERPILLAR 29,798 32,911
    WELLS FARGO & CO NEW 31,167 32,256
    DOVER CORP 26,812 32,140
    FAIR ISAAC & CO 21,297 31,603
    SPLUNK INC 28,202 31,455
    MEDTRONIC PLC SHS 24,965 30,835
    YUM CHINA HOLDINGS 28,517 30,345
    JUST EAT PLC 28,401 30,158
    FOMENTO ECONOMICO 29,908 30,118
    M&T BANK CORP 25,242 30,057
    LONZA GROUP 30,126 29,369
    MICROCHIP TECHNOLOGY INC 25,073 28,912
    SITEONE LANDSCAPE SUPPLY INC 27,363 28,906
    XCEL ENERGY INC 23,063 28,675
    UBISOFT 27,012 28,669
    PPG INDUSTRIES INC 26,883 28,624
    SYNEDS HEALTH 29,277 28,568
    T ROWE PRICE GROUP INC 21,771 27,511
    FISERV INC 27,287 26,971
    NORFOLK SOUTHERN CORP 17,795 26,917
    RED HAT INC 25,828 26,346
    MONDELEZ INTL INC. COM 24,365 26,020
    SERVICENOW 24,689 25,817
    REGENERON PHARM 23,665 25,772
    US BANCORP COM NEW 22,858 25,638
    FIDELITY NATIONAL INFORMATION SE 16,565 25,535
    AKAMAI TECHNOLOGIES 25,800 25,226
    PROCTOR & GAMBLE 21,891 25,094
    YANDEX 24,768 24,943
    AVALONBAY COMM INC 23,138 24,367
    PRUDENTIAL FINANCIAL 22,948 24,302
    BB & T CORP 20,250 24,173
    ALIBABA GROUP 23,407 24,124
    WIX COM 22,204 23,940
    QUALCOMM INC 23,666 23,902
    MARKEL CORP 20,499 23,875
    CMS ENERGY CP 17,252 23,286
    EXL SERVICE HOLDINGS INC. 22,204 23,153
    CHUBB LTD 21,207 23,123
    DANAHER CORPORATION 22,268 22,893
    PETIQ INC COM CL A 21,670 22,789
    REPUBLIC SERVICES INC 14,553 22,636
    WILLIS TOWERS WATSON 22,286 22,627
    NUTANIX INC 21,111 22,251
    AON PLC SHS CL- A 16,753 22,240
    INTUITIVE SURGICAL CENTER 21,174 22,030
    NETFLIX 21,349 21,948
    VMWARE INC 19,746 21,529
    SANDS CHINA 20,766 21,104
    NISOURCE INC 18,638 20,990
    DOLLAR GEN CORP 17,779 20,968
    S&P GLOBAL INC COM 13,220 20,903
    PEPSICO INC 19,365 20,881
    3M COMPANY 18,340 20,769
    CBRE GROUP INC 17,531 20,741
    ROSS STORES INC 14,301 20,717
    TESLA INC 19,595 20,634
    PARKER HANNIFIN 21,133 20,581
    ROPER TECHNOLOGIES 13,846 20,522
    CARMAX INC. 17,973 20,513
    KOSE CORP 19,424 20,422
    LIGAND PHARMACEUTICALS INC NEW 15,439 20,355
    BAIDU INC 20,553 20,301
    BROADCOM LTD SHS 19,128 20,088
    YUM BRANDS 18,807 20,039
    AMERICAN TOWER REIT 18,894 19,932
    MCCORMICK AND CO 20,603 19,911
    DOWDUPONT INC 18,302 19,895
    OCCIDENTAL PETROLEUM CORP 19,709 19,703
    MOODYS CORP 13,780 19,466
    ZOZO INC 21,626 19,364
    VERTEX PHARMACEUTICALS 18,380 18,891
    LINDE PLC 18,464 18,725
    ARTHUR J. GALLAGHER 11,422 18,646
    SIMON PPTY GROUP INC 17,144 18,479
    CARSALES COM 19,170 18,372
    CARBONITE INC COM 14,454 18,263
    STANLEY BACK & DECKER INC 17,215 18,200
    NORTHERN TRUST CORP 15,657 18,055
    TIVO CORP 17,476 17,888
    AUTOMATIC DATA PROCESSING INC. 12,165 17,701
    RESTAURANT BRANDS INTL INC 13,901 17,050
    ACCENTURE PLC IRELAND CL A 13,946 16,921
    DISCOVER FINANCIAL 16,090 16,514
    ACTIVISION BLIZZARD 16,478 16,300
    ARCH CAPITAL GROUP LTD 15,500 15,925
    MORGAN STANLEY 15,383 15,741
    PUBLIC SERVICE ENTERPRISE 14,965 15,355
    CVS HEALTH CORP 16,022 15,332
    ASGN INC 12,795 15,206
    CAPITAL ONE FINANCIAL CORP 14,843 15,118
    DAVE & BUSTERS ENTMT INC COM 11,830 14,393
    KKR & CO 13,399 13,780
    CULLEN FROST BANKERS INC 9,649 13,631
    MSCI INC. COM 13,086 13,416
    SCHLUMBERGER 13,396 13,350
    COPART INC 6,006 13,235
    WALMART 12,878 13,041
    LIBERTY MEDIA C SER C SIRIUSXM 9,626 12,795
    REALPAGE INC 12,258 12,674
    FIDELITY NATIONAL FINANCIAL 10,117 12,419
    R P M INC 9,958 11,403
    METTLER TOLEDO 11,343 11,312
    LAS VEGAS SANDS CORP 11,289 11,191
    IDEXX LABS 10,831 10,789
    GCI LIBERTY INC 7,298 10,784
    LIBERTY BROADBAND CORP S-C 8,175 10,732
    GLOBAL PAYMENT 10,288 10,726
    FASTENAL CO 9,049 10,353
    GUIDEWIRE SOFTWARE 10,285 10,350
    BROWN & BROWN INC 6,785 9,674
    MOHAWK INDUSTRIES INC 9,236 9,357
    MOTOROLA SOLUTIONS INC 7,262 8,513
    VALERO ENERGY CP DELA NEW 6,265 7,797
    EQUINIX INC COM PAR 7,267 7,756
    METLIFE INC. 7,320 7,719
    LIBERTY BROADBAND CORP 5,798 7,684
    V F CORPORATION 5,251 7,205
    ALEXANDRIA REAL ESTATE EQ INC 5,311 6,684
    CINCINNATI FINANCIAL OHIO 5,635 6,581
    LIBERTY MEDIA C SER A SIRIUSXM 4,778 6,366
    DIVIDENDS RECEIVABLE 6,353 6,353
    AUTO TRADER GROUP 5,957 6,287
    LIBERTY MEDIAL CORP SER C 4,072 5,987
    BLACK KNIGHT 2,742 5,452
    WYNDAM WORLDWIDE CORP 4,738 5,308
    DTE ENERGY COMPANY 4,115 5,184
    HILTON WOLDWIDE HOLDINGS 4,727 5,170
    KRAFT HEINZ CO 4,078 3,917
    LIBERTY EXPEDIA HOLD SER A 2,600 3,676
    TRANSUNION 2,634 3,010
    KAR AUCTION SVCS INC 2,106 2,672
    GRAPHIC PACKAGING HOLDING CO 2,508 2,532
    KENNEDY-WILSON 2,500 2,417
    AMERCO 2,295 2,297
    BRISTOL MYERS SQUIBB CO 2,235 2,287
    SHOPIFY 2,182 2,215
    BROWN FORMAN CORP CL B 1,681 2,141
    SCIENCE APPLICATIONS INTL CP 2,007 2,038
    HEICO CORP 1,765 1,701
    LIBERTY MEDIA CORP SER A 1,032 1,664
    DANONE SPONSORED ADR 1,179 1,160
    WASH SALE COST ADJUSTMENT 271 271
    CAP GAIN DIV REC 0189 49 49

    TY 2018 InvestmentsOtherSchedule2
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EXCH TRADED FUNDS AT COST 7,791,826 7,585,439
    EXCH TRADED FUNDS AT COST 2,164,556 1,967,004
    ACCRUED INTEREST AT COST 0 45,873

    TY 2018 LandEtcSchedule2
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    TRAP EQUIPMENT 26,495 6,624 19,871  


    TY 2018 LegalFeesSchedule
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,929 0   1,929


    TY 2018 OtherExpensesSchedule
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUTO EXPENSE 1,407 0   1,407
    OFFICE SUPPLIES 831 0   831
    TELEPHONE 833 0   833
    INSURANCE 5,584 0   5,584
    OTHER EXPENSES 3,131 0   3,131


    TY 2018 OtherIncreasesSchedule
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Description Amount
    APPRECIATION ON STOCK GRANTS 8,593,264


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 139,676 139,676   0


    TY 2018 TaxesSchedule
    Name:
    DOROTHY B DAVIS FOUNDATION
    EIN:
    47-2493491
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 230,000 0   0
    FOREIGN TAXES 4,475 4,475   0
    PAYROLL TAXES 10,645 532   10,113