Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
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
The Paul and Carol David Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)4048 Dressler Rd NW 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Canton, OH44718
A Employer identification number

34-1319236
B Telephone number (see instructions)

(330) 479-0200
C bullet
G Check all that apply:

D 1. 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$63,420,835J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,171,971
2 Check bullet.............
3 Interest on savings and temporary cash investments 453 453  
4 Dividends and interest from securities... 967,605 964,535  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,095,216
b Gross sales price for all assets on line 6a 10,477,499
7 Capital gain net income (from Part IV, line 2)... 1,095,216
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 671,520 627,078  
12 Total. Add lines 1 through 11........ 3,906,765 2,687,282  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 36,000 9,000   27,000
14 Other employee salaries and wages...... 245,874 83,766   162,108
15 Pension plans, employee benefits....... 85,754 25,138   52,237
16a Legal fees (attach schedule)......... Click to see attachment 5,130 1,026   0
b Accounting fees (attach schedule)....... Click to see attachment 29,031 20,322   8,709
c Other professional fees (attach schedule).... Click to see attachment 1,305 392   392
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 57,060 18,550   10,491
19 Depreciation (attach schedule) and depletion... 1,877 0  
20 Occupancy.............. 45,300 18,120   18,120
21 Travel, conferences, and meetings....... 354 12   342
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 716,675 687,752   26,677
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,224,360 864,078   306,076
25 Contributions, gifts, grants paid....... 3,389,505 3,389,505
26 Total expenses and disbursements. Add lines 24 and 25 4,613,865 864,078   3,695,581
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -707,100
b Net investment income (if negative, enter -0-) 1,823,204
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............. 229,370 410,717 410,717
2 Savings and temporary cash investments......... 5,189,815 1,460,018 1,460,018
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) 210,309 Click to see attachment195,223 194,815
b Investments—corporate stock (attach schedule)....... 183,352 Click to see attachment303,001 351,933
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 42,005,570 Click to see attachment43,797,333 40,770,823
14 Land, buildings, and equipment: basis bullet152,900
Less: accumulated depreciation (attach schedule) bullet102,499 52,278 50,401 50,401
15 Other assets (describe bullet) Click to see attachment16,816,171 Click to see attachment17,760,931 Click to see attachment20,182,128
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,686,865 63,977,624 63,420,835
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 64,686,865 63,977,624
30 Total net assets or fund balances (see instructions)..... 64,686,865 63,977,624
31 Total liabilities and net assets/fund balances (see instructions). 64,686,865 63,977,624
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
64,686,865
2
Enter amount from Part I, line 27a .....................
2
-707,100
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
63,979,765
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,141
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
63,977,624
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 GM - Capital Gains P 2018-01-01 2018-01-31
b Other Income/Loss P 2018-01-01 2018-01-31
c Fidelity - Capital Gains P 2018-01-01 2018-01-31
d Capital Gains/Losses from PTP's P 2018-01-01 2018-01-31
e Capital Gains Dividends P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 15,010   15,086 -76
b 26,803     26,803
c 9,529,778   9,367,197 162,581
d 300,407     300,407
e 605,501     605,501
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       -76
b       26,803
c       162,581
d       300,407
e       605,501
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 1,095,216
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 2,949,802 65,454,901 0.045066
2016 2,562,109 61,922,926 0.041376
2015 1,682,365 62,706,775 0.026829
2014 1,769,402 63,586,822 0.027827
2013 1,886,646 59,668,528 0.031619
2
Total of line 1, column (d) .....................
2
0.172717
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
0.034543
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
67,839,144
5
Multiply line 4 by line 3......................
5
2,343,368
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
18,232
7
Add lines 5 and 6........................
7
2,361,600
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,695,581
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 18,232
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 18,232
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 18,232
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 22,931
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,931
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 72
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 6,627
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet6,627 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletwww.davidfoundation.org
    14
    The books are in care ofbulletWalter J Stanislawski Telephone no.bullet (330) 479-0200

    Located atbullet4048 Dressler Rd NW 200CantonOH ZIP+4bullet44718
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —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
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    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
    Carol David Chairperson
    8.00     		0 0 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Thomas G Knoll Trustee
    2.00     		0 0 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Jeffrey David President
    35.00     		36,000 30,942 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Scott F Whetstone Trustee
    1.00     		0 0 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Walt Stanislawski Staff
    40.00     		195,853 38,319 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Christy Melert Staff
    40.00     		50,021 16,493 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    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
    Oxford Financial Group Investment Fees 241,176
    11711 North Meridian St Ste 6
    Carmel,IN46032
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 Granting scholarships to qualified high school students in Stark County. 1,373,665
    2 Grants to local non-profit health organizations to assist in research and to assist with under or uninsured population for healthcare. 1,117,606
    3 Support of local charitable organizations for development and maintenance of after-school projects and community development. 737,964
    4 Grants to local school districts and universities for operational expenses and educational programs. 113,170
    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
    68,512,289
    b
    Average of monthly cash balances.......................
    1b
    359,938
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    68,872,227
    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
    68,872,227
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,033,083
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    67,839,144
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,391,957
    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
    3,391,957
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    18,232
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,232
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,373,725
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,373,725
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,373,725
    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
    3,695,581
    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
    3,695,581
    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
    18,232
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,677,349
    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 3,373,725
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 3,218,743
    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......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,695,581
    a Applied to 2017, but not more than line 2a 3,218,743
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment0
    d Applied to 2018 distributable amount..... 476,838
    e Remaining amount distributed out of corpus 0
    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 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 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 ..........     		2,896,887
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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 e-mail address of the person to whom applications should be addressed:
    Jeffrey David
    4048 Dressler Rd NW 200
    Canton,OH44718
    (330) 479-0200
    bThe form in which applications should be submitted and information and materials they should include:
    Applications to be requested from individual in 2(a) above.
    cAny submission deadlines:
    None.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Scholarships to qualified high school students in Stark County, Ohio.
    Form 990-PF (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
    See General Explanation for Details
    4048 Dressler Rd NW 200
    Canton,OH44718     		    Charitable 3,389,505
    Total .................................bullet 3a 3,389,505
    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 ...........     		    14 453  
    4 Dividends and interest from securities....     14 967,605  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     18 627,557  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,095,216  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOrdinary Income (Loss) from PTP's     		900099 43,963      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 43,963 2,690,831 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,734,794
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    The Paul and Carol David Foundation
     
    Employer identification number

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






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    The Paul and Carol David Foundation
          		Employer identification number
    34-1319236
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Paul David Charitable Lead Trust #1
     
    4048 Dressler Rd NW 200
     
    Canton, OH44718

    		$ 55,345


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Paul David Charitable Lead Trust #2
     
    4048 Dressler Rd NW 200
     
    Canton, OH44718

    		$ 1,115,976


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    The Paul and Carol David Foundation
          		Employer identification number

    34-1319236
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    The Paul and Carol David Foundation
          		Employer identification number

    34-1319236
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 29,031 20,322   8,709

    TY 2018 DistributionFromCorpusElection
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Election:
    ELECTION UNDER IRC REG. 53.4942(a)-3(d)(2):Pursuant to IRC section 4942(h)(2) and Regulation 53.4942(a)-3(d)(2), The Paul and Carol David Foundation hereby elects to treat $2,463,141 of the current year's qualifying distributions in excess of the immediately preceeding year's undistributed income as being made out of corpus._________________________________ ____________Signature Date

    TY 2018 GeneralExplanationAttachment
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Identifier Return Reference Explanation
    Grants & Contributions Paid during the year 990-PF, Part XV, Line 3 Date Name Amount Community 01/26/2018 Mckinley lodge#2 FOP 600.00 03/09/2018 Canton Challenger Baseball 5,000.00 04/02/2018 Stark County Hunger Task Force 37,620.00 04/06/2018 lions club of massillon 1,000.00 08/03/2018 Meals on Wheels of Stark & Wayne Counties 5,000.00 08/03/2018 YMCA of Western Stark County 50,000.00 08/03/2018 Wishes Can Happen 10,000.00 08/03/2018 The Patriot Project 2,500.00 08/13/2018 Wishes Can Happen 5,000.00 08/14/2018 A Community Christmas 5,000.00 08/17/2018 City of Massillon 250,000.00 08/17/2018 Akron Community Foundation 2,500.00 10/10/2018 Massillon Tiger Football Booster Club 54,076.79 11/20/2018 Legacy Project 31,000.00 11/29/2018 Henderson Lodge #105 Fraternal Order Poli 5,000.00 12/03/2018 YMCA of Western Stark County 22,000.00 12/07/2018 Habitat for Humanity - Stark & Carroll 75,000.00 12/11/2018 YMCA of Central Stark County 150,000.00 12/11/2018 Stark Development Board 16,500.00 12/21/2018 Adaptive Sports Program of Ohio 10,000.00 12/31/2018 From K-1's 167.00 Total for Community $737,963.79 Education 01/05/2018 Return Payment -1,426.29 03/09/2018 Stark County District Library 2,500.00 03/13/2018 Stark County Educational Service Center 80.00 04/02/2018 Military Aviation Preservation Society 25,000.00 04/02/2018 Arts in Stark 7,500.00 07/25/2018 Massillon Tiger Swing Band 2,000.00 11/29/2018 Stark Education Partnership 20,000.00 12/07/2018 Early Childhood Resource Center 50,000.00 12/12/2018 Stark County Educational Service Center 7,516.00 Total for Education $113,169.71 Health 02/09/2018 Quota International 2,000.00 08/03/2018 Mercy Service Leage, Mercy Medical Center 10,000.00 12/07/2018 Girls on the Run 5,606.00 12/12/2018 Stark Community Foundation 1,100,000.00 Total for Health $1,117,606.00 Religious 02/09/2018 Diocese of Youngstown 2,500.00 02/26/2018 St. Joseph's Church 2,400.00 03/19/2018 St. Joseph's Church 800.00 05/25/2018 St. Joseph's Church 800.00 06/15/2018 St. Joseph's Church 800.00 08/02/2018 St. Joseph's Church 800.00 08/06/2018 St. Joseph's Church 10,000.00 10/10/2018 St. Joseph's Church 800.00 10/18/2018 St. Vincent de Paul Society 25,000.00 11/15/2018 St. Joseph's Church 1,600.00 11/15/2018 St. Joseph's Church 800.00 11/15/2018 St. Joseph's Church 800.00 Total for Religious $47,100.00 Scholarships 01/05/2018 Walsh University 3,500.00 01/05/2018 University of Cincinnati 3,500.00 01/05/2018 Kent State University 3,500.00 01/12/2018 University of Akron 7,000.00 01/12/2018 Kent State University 3,500.00 01/19/2018 University of Mount Union 3,500.00 01/19/2018 Clark State Community College 1,819.01 01/26/2018 Hillsdale College 3,500.00 02/05/2018 Ohio University -3,500.00 02/09/2018 University of Akron 3,500.00 03/06/2018 Return Payment -7,000.00 03/09/2018 University of Mount Union 3,500.00 04/18/2018 Return Payment -3,500.00 04/23/2018 Kent State University 3,500.00 04/23/2018 Youngstown State University 3,500.00 04/26/2018 Kent State University 3,500.00 05/15/2018 Bowling Green State University 2,750.00 05/15/2018 Bowling Green State University 3,500.00 07/18/2018 Ohio University 70,000.00 07/18/2018 Aultman College of Nursing & Health Sciences 14,000.00 07/18/2018 Rensselaer Polytechnic Institute 7,000.00 07/18/2018 Miami University (Ohio) 7,000.00 07/18/2018 Kent State University 116,000.00 07/18/2018 College of Wooster 14,000.00 07/18/2018 Grove City College 14,000.00 07/18/2018 Coastal Carolina University 7,000.00 07/18/2018 University of Oklahoma 7,000.00 07/18/2018 University of Dayton 7,000.00 07/18/2018 Purdue University 7,000.00 07/18/2018 John Carroll University 28,000.00 07/18/2018 Capital University 14,000.00 07/18/2018 Youngstown State University 14,000.00 07/18/2018 University of Mount Union 80,500.00 07/18/2018 University of Findlay 24,500.00 07/18/2018 UNC School of the Arts 7,000.00 07/18/2018 Slippery Rock University 7,000.00 07/18/2018 Ohio Northern University 17,500.00 07/18/2018 Malone University 28,000.00 07/18/2018 Hiram College 14,000.00 07/18/2018 Geneva College 14,000.00 07/18/2018 Denison University 7,000.00 07/18/2018 Cleveland State University 7,000.00 07/18/2018 Chatham University 7,000.00 07/18/2018 Case Western Reserve University 21,000.00 07/18/2018 Ashland University 14,000.00 07/18/2018 University of Virginia 7,000.00 07/18/2018 University of Toledo 7,000.00 07/18/2018 University of Rochester 7,000.00 07/18/2018 University of Michigan 14,000.00 07/18/2018 University of Cincinnati 42,000.00 07/18/2018 Rhode Island School of Design 7,000.00 07/18/2018 Marshall University 7,000.00 07/18/2018 University of Akron 151,500.00 07/18/2018 Bowling Green State University 70,000.00 07/18/2018 Baldwin Wallace University 14,000.00 07/18/2018 Spring Arbor University 7,000.00 07/18/2018 Ohio State University 131,500.00 07/18/2018 Walsh University 73,500.00 07/18/2018 University of Alabama 7,000.00 07/18/2018 Pensacola Christian College 7,000.00 07/27/2018 University of Southern California 7,000.00 07/27/2018 Otterbein University 7,000.00 07/27/2018 University of Akron 10,500.00 07/27/2018 Youngstown State University 7,000.00 07/27/2018 Cleveland Institute of Art 7,000.00 07/27/2018 Kent State University 10,500.00 08/03/2018 Capital University 7,000.00 08/10/2018 Baldwin Wallace University 7,000.00 08/10/2018 Ohio Northern University 7,000.00 08/10/2018 Ohio State University 7,000.00 08/10/2018 University of Cincinnati 3,500.00 08/10/2018 University of Mount Union 3,500.00 08/13/2018 Walsh University 7,196.59 08/17/2018 Baldwin Wallace University 7,000.00 08/17/2018 Kent State University 7,000.00 08/17/2018 Walsh University 3,500.00 08/17/2018 Hiram College 7,000.00 08/17/2018 Ohio University 7,000.00 08/20/2018 Clark State Community College -183.88 08/21/2018 University of Cincinnati 7,000.00 08/24/2018 Ohio State University 7,000.00 08/24/2018 University of Akron 7,000.00 08/24/2018 University of Dayton 7,000.00 08/24/2018 Walsh University 3,500.00 08/30/2018 Return Payment -3,500.00 08/30/2018 Return Payment -22,837.31 08/31/2018 Denison University 7,000.00 08/31/2018 University of Akron 3,500.00 08/31/2018 George Mason University 7,000.00 09/07/2018 Malone University 3,500.00 09/07/2018 Walsh University 10,500.00 09/07/2018 University of Mount Union 7,000.00 09/11/2018 Cedarville University 3,500.00 09/11/2018 Kent State University 3,014.45 09/13/2018 University of Akron -10,500.00 09/19/2018 Walsh University 13,052.94 09/19/2018 Walsh University 3,500.00 09/28/2018 Kent State University 1,392.20 10/16/2018 Walsh University 3,500.00 10/16/2018 Return Payment -14,000.00 11/14/2018 Walsh University 3,500.00 12/20/2018 Ohio State University 3,500.00 12/20/2018 Walsh University 31,500.00 12/21/2018 Return Payment -5,248.00 12/28/2018 Return Payment -14,534.14 12/28/2018 Walsh University 3,500.00 12/28/2018 Ohio State University 3,500.00 12/31/2018 Accrual to cash adjustment 11,743.49 Total for Scholarships $1,373,665.35 Total Charities 3,389,504.85
    Fixed Assets Depreciation Detail Form 990-PF, Part II, Line 14 Asset ID - PIS - Meth/Conv/Life - Cost - Accum Depr - Current Depr - Net Add/Disp - Ending Accum Depr Class: F&F 000050 04/01/2006 SLFM5 380 380 0 0 380 000030 07/27/2006 SLFM5 440 440 0 0 440 000100 10/06/2006 SLFM5 1,482 1,482 0 0 1,482 000040 12/27/2006 SLFM5 1,500 1,500 0 0 1,500 000070 09/15/2006 SLFM5 1,636 1,636 0 0 1,636 000200 09/16/2009 SLFM3 1,950 1,950 0 0 1,950 000110 04/01/2006 SLFM5 2,012 2,012 0 0 2,012 000140 06/19/2006 SLFM5 2,306 2,306 0 0 2,306 000060 07/25/2006 SLFM5 2,426 2,426 0 0 2,426 000080 06/01/2006 SLFM5 3,592 3,592 0 0 3,592 000090 07/20/2006 SLFM5 3,660 3,660 0 0 3,660 000180 05/29/2007 SLFM5 4,164 4,164 0 0 4,164 000190 06/14/2007 SLFM5 6,590 6,590 0 0 6,590 000230 12/06/2010 SLFM7 9,308 8,089 1,219 0 9,308 000130 04/01/2006 SLFM7 14,492 14,492 0 0 14,492 000020 02/28/2006 SLFM5 22,692 22,692 0 0 22,692 Subtotal: F&F (16) 78,629 78,629 0 0 78,629 Class: LIMP 000120 08/01/2006 SLFM15 480 365 32 0 397 000170 05/17/2006 SLFM40 766 224 19 0 243 000150 08/09/2006 SLFM40 5,586 1,594 140 0 1,734 000160 04/01/2006 SLFM40 67,439 19,810 1,686 0 21,496 Subtotal: LIMP (4) 74,271 20,117 1,877 0 21,993 Grand Total 152,900 100,623 1,877 0 102,499 Note: There may be differences due to rounding.

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Equities 303,001 351,933

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    US Government Securities - End of Year Book Value:

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

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


    195,223
    State & Local Government Securities - End of Year Fair Market Value:


    194,815


    TY 2018 InvestmentsOtherSchedule2
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Mutual Funds AT COST 43,797,333 40,770,823

    TY 2018 LegalFeesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 5,130 1,026   0


    TY 2018 OtherAssetsSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Alliance Resources LP 0 27,580 33,310
    Alliance Holdings GP LP 32,465 0 0
    Antero 40,350 35,484 36,898
    BlueKnight Energy Partners - Preferred 29,909 0 0
    BlueKnight Energy Partners LP -19,720 -20,351 3,910
    Cedar Fair 42,534 46,344 56,760
    Energy Transfer Equity LP 6,283 -9,550 93,131
    Enterprise Products Partners LP 24,062 17,098 95,901
    DCP Midstream Partners 0 0 0
    EQT Midstream Partners 38,482 64,453 59,469
    EQT GP Holdings LP 44,234 39,750 37,406
    NuStar Energy LP 41,258 0 0
    Regent Street Secondary RV-II 0 415,740 416,939
    Regent Street Growth 188,986 458,625 555,553
    Regent Street Secondary Institutional Fund 1,121,785 1,379,252 1,756,769
    Regent Street Special Situations 451,625 625,330 723,403
    Regent Street Appraisal Rights Fund 0 185,904 186,181
    Regent Street Middle Market Buyout Fund G 0 378,287 392,420
    Regent Power 0 1,912 4,764
    Riverside Capital Appreciation Fund 425,200 376,425 292,600
    Savile Row Ab Multi-Strategy Institutional, LLC 83,579 72,656 25,560
    Savile Row Energy Opportunities Q, LLC 816,258 624,132 1,485,802
    Savile Row Energy Opportunities Q-II * 179,826 298,696 353,470
    Savile Row Financials Hedged 1,846,868 1,851,563 1,800,846
    Savile Row Frontier Opportunities T, LLC 1,651,557 1,335,391 1,190,769
    Savile Row Global Private Equity WP, LLC 400,274 569,686 695,740
    Savile Row Heathcare Hedged Equity 2,651,140 2,882,988 3,324,201
    Savile Row Life Settlement Fund * 1,648,500 1,647,335 1,806,602
    Savile Row Managed Futures T, LLC 1,494,858 1,381,377 1,511,717
    Savile Row Opportunistic Real Estate, LLC 1,143,375 834,227 1,041,091
    Savile Row SP Hedged Equity 107,962 0 0
    Savile Row Specialty Finance Fund VP 1,886,175 1,892,956 1,798,214
    MPLX Energy 28,841 0 0
    Western Gas Equity Partners LP 50,705 55,326 49,914
    Western Gas Partners LP -2,603 -7,685 52,788
    Dominion 61,403 0 0
    Patroit Software 300,000 300,000 300,000


    TY 2018 OtherDecreasesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Amount
    Non-Deductible Expenses from PTP's 2,141


    TY 2018 OtherExpensesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Advertising 2,900 0   2,900
    Administration Expense 125 125   0
    David Scholar Dinner 10,221 0   10,221
    Dues & Subscriptions 0 0   0
    Insurance 6,902 6,715   0
    Investment Expenses - K-1 10,447 10,447   0
    Investment Management Fees 257,848 257,848   0
    Payroll Service Fees 1,993 498   0
    Telephone 2,122 531   1,061
    Bank Fees 34 0   0
    Other Expenses - K-1 411,588 411,588   0
    Software License Fee 12,300 0   12,300
    Employee Costs 195 0   195


    TY 2018 OtherIncomeSchedule2
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Dividends From PTP's 75,644 75,644 75,644
    Interest From PTP's 58,523 58,044 58,523
    Ordinary Income (Loss) From PTP's 493,390 493,390 493,390
    Ordinary Income (Loss) from PTP's 43,963   43,963


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Professional Fees 1,305 392   392


    TY 2018 TaxesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    State Taxes 200 0   0
    Excise 26,000 0   0
    Foreign Taxes 13,274 13,274   0
    Payroll taxes 17,586 5,276   10,491