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
JOE E DAVIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1501 NJ2-130-03-31
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PENNINGTON, NJ085341501
A Employer identification number

75-2497580
B Telephone number (see instructions)

(609) 274-6834
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$1,948,383J 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      
4 Dividends and interest from securities... 56,141 55,578  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 65,406
b Gross sales price for all assets on line 6a 607,542
7 Capital gain net income (from Part IV, line 2)... 65,406
8 Net short-term capital gain......... 0
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 4,277    
12 Total. Add lines 1 through 11........ 125,824 120,984  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 2,500 0 0 2,500
c Other professional fees (attach schedule).... Click to see attachment 13,873 8,324   5,549
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,688 678   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 26 26    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,087 9,028 0 8,049
25 Contributions, gifts, grants paid....... 81,300 81,300
26 Total expenses and disbursements. Add lines 24 and 25 99,387 9,028 0 89,349
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 26,437
b Net investment income (if negative, enter -0-) 111,956
c Adjusted net income (if negative, enter -0-)... 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............. 1,415 949 949
2 Savings and temporary cash investments......... 66,289 53,591 53,591
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 60,389 Click to see attachment64,354 64,490
b Investments—corporate stock (attach schedule)....... 552,687 Click to see attachment518,529 544,826
c Investments—corporate bonds (attach schedule)....... 69,104 Click to see attachment80,344 80,354
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,115,387 Click to see attachment1,173,231 1,204,173
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,865,271 1,890,998 1,948,383
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
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........ 1,865,271 1,890,998
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 1,865,271 1,890,998
31 Total liabilities and net assets/fund balances (see instructions). 1,865,271 1,890,998
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
1,865,271
2
Enter amount from Part I, line 27a .....................
2
26,437
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
56
4
Add lines 1, 2, and 3 ..........................
4
1,891,764
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
766
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,890,998
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 2000. AFLAC INC   2014-12-11 2018-10-12
b 2000. AT&T INC   2017-07-31 2018-05-23
c 85. ALTRIA GROUP INC   2017-11-20 2018-01-11
d 44. ALTRIA GROUP INC   2017-11-20 2018-01-12
e 61. ALTRIA GROUP INC   2017-11-20 2018-01-16
5. ALTRIA GROUP INC   2017-11-20 2018-01-17
10. ALTRIA GROUP INC   2017-11-20 2018-02-26
82. ALTRIA GROUP INC   2017-11-20 2018-02-27
65. ALTRIA GROUP INC   2017-11-20 2018-02-28
50. ALTRIA GROUP INC   2017-11-20 2018-03-01
10. ALTRIA GROUP INC   2017-11-20 2018-05-18
33. ALTRIA GROUP INC   2017-11-20 2018-08-30
6. APPLE INC   2018-02-07 2018-05-18
25. APPLE INC   2018-02-07 2018-08-30
2000. APPLE INC   2013-05-09 2018-06-28
2000. BP CAPITAL MARKETS PLC   2016-06-16 2018-12-14
9. BERKSHIRE HATHAWAYINC   2016-09-02 2018-08-30
1. BLACKROCK INC CL A   2016-09-02 2018-05-18
5. BLACKROCK INC CL A   2016-09-02 2018-08-30
31. CA INC   2017-11-20 2018-05-18
63. CA INC   2017-11-20 2018-08-30
500. CA INC   2017-11-20 2018-11-05
22. CARNIVAL CORP   2016-09-02 2018-05-18
50. CARNIVAL CORP   2016-09-02 2018-08-30
3. CHEVRON CORP   2016-09-02 2018-05-18
16. CHEVRON CORP   2016-09-02 2018-08-30
9. CINCINNATI FINL CORP   2017-11-20 2018-05-18
30. CINCINNATI FINL CORP   2017-11-20 2018-08-30
42. CISCO SYS INC   2016-09-02 2018-08-30
9. COCA-COLA CO USD   2016-09-02 2018-05-18
28. COCA-COLA CO USD   2016-09-02 2018-08-30
1000. CONOCOPHILLIPS COMPANY   2016-06-15 2018-01-22
10. CROWN CASTLE REIT INC   2017-11-20 2018-05-18
18. CROWN CASTLE REIT INC   2017-11-20 2018-08-30
2. DIAGEO PLC SPON ADR NEW   2016-09-02 2018-05-18
19. DIAGEO PLC SPON ADR NEW   2016-09-02 2018-08-30
2. DOMINION ENERGY INC COM   2016-09-02 2018-05-18
14. DOMINION ENERGY INC COM   2016-09-02 2018-08-30
17. DUKE ENERGY CORP NEW   2016-09-02 2018-08-30
1000. ENERGY TRANSFER PARTNERS   2010-04-15 2018-07-02
1000. FEDERAL NATL MTG ASSN M/T/N   2013-11-07 2018-02-27
26.22 FNMA PBH9215 03 50%2048   2018-03-26 2018-03-26
31.5 FNMA PBH9215 03 50%2048   2018-04-25 2018-04-25
20.68 FNMA PBH9215 03 50%2048   2018-05-25 2018-05-25
36.67 FNMA PBH9215 03 50%2048   2018-06-25 2018-06-25
35.21 FNMA PBH9215 03 50%2048   2018-07-25 2018-07-25
32.05 FNMA PBH9215 03 50%2048   2018-08-27 2018-08-27
40.47 FNMA PBH9215 03 50%2048   2018-09-25 2018-09-25
29.5 FNMA PBH9215 03 50%2048   2018-10-25 2018-10-25
33.83 FNMA PBH9215 03 50%2048   2018-11-26 2018-11-26
30.28 FNMA PBH9215 03 50%2048   2018-12-26 2018-12-26
34.73 FNMA PBH9215 03 50%2048   2019-01-25 2018-12-31
20. FIRST TR EXCHANGE TRADED   2014-08-01 2018-03-06
8. FIRST TR EXCHANGE TRADED   2014-08-01 2018-06-22
159. FIRST TR ISE CLOUD COMP   2014-08-01 2018-03-06
2. FIRST TR ISE CLOUD COMP   2015-01-15 2018-03-06
5. GENERAL DYNAMICS CORPORATION COM   2016-09-02 2018-05-18
17. GENERAL DYNAMICS CORPORATION COM   2016-09-02 2018-08-30
9. GENERAL DYNAMICS CORPORATION COM   2016-09-02 2018-11-28
25. GENERAL DYNAMICS CORPORATION COM   2016-09-02 2018-11-29
16. GENERAL DYNAMICS CORPORATION COM   2016-09-02 2018-12-11
20. GENERAL DYNAMICS CORPORATION COM   2016-09-02 2018-12-12
59. GENERAL ELECTRIC CO   2017-11-20 2018-02-07
648. GENERAL ELECTRIC CO   2017-11-20 2018-02-08
85. GENERAL ELECTRIC CO   2017-11-20 2018-02-09
13. GENERAL MILLS INC COM   2017-11-20 2018-02-26
103. GENERAL MILLS INC COM   2017-11-20 2018-02-27
78. GENERAL MILLS INC COM   2017-11-20 2018-02-28
39. GENERAL MILLS INC COM   2017-11-20 2018-03-01
118. GENERAL MILLS INC COM   2017-11-20 2018-04-04
1. HASBRO INC   2016-09-02 2018-05-18
7. HASBRO INC   2016-09-02 2018-08-30
65. INTEL CORPORATION   2016-09-02 2018-08-30
4. INVESCO EMERGING MARKETS   2015-01-15 2018-06-20
23. ISHARES MSCI CANADA ETF   2015-01-15 2018-03-06
51. ISHARES MSCI CANADA ETF   2015-01-23 2018-03-06
2. ISHARES MSCI CANADA ETF   2015-02-06 2018-03-06
1. ISHARES MSCI CANADA ETF   2015-02-11 2018-03-06
79. ISHARES MSCI CANADA ETF   2017-01-23 2018-03-06
12. ISHARES MSCI CANADA ETF   2017-05-17 2018-03-06
184. ISHARES MSCI EUROZONE ETF   2017-10-24 2018-03-06
188. ISHARES MSCI EUROZONE ETF   2017-12-05 2018-03-06
2. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-07-25 2018-03-06
145. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-07-25 2018-03-06
9. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-12-23 2018-03-06
66. ISHARES MSCI PACIFIC EX JAPAN ETF   2017-01-23 2018-03-06
4. ISHARES MSCI PACIFIC EX JAPAN ETF   2017-05-17 2018-03-06
29. ISHARES MSCI SWITZERLAND ETF   2014-08-01 2018-03-06
38. ISHARES MSCI SWITZERLAND ETF   2015-03-17 2018-03-06
45. ISHARES MSCI SWITZERLAND ETF   2016-04-20 2018-03-06
6. ISHARES MSCI SWITZERLAND ETF   2017-10-24 2018-03-06
6. ISHARES MSCI SWEDEN ETF   2015-03-17 2018-03-06
32. ISHARES MSCI SWEDEN ETF   2016-04-20 2018-03-06
16. ISHARES CORE S&P 500 ETF   2016-08-15 2018-12-10
603. ISHARES MSCI EAFE ETF   2017-05-09 2018-06-13
372. ISHARES MSCI EAFE ETF   2017-05-09 2018-12-10
104. ISHARES CORE S&P MID-CAP ETF   2016-08-15 2018-12-10
16. ISHARES NASDAQ BIOTECH ETF   2016-04-20 2018-03-06
125. ISHARES TR RUSSELL 2000   2016-08-15 2018-12-10
420. ISHARES MBS ETF   2017-12-13 2018-01-17
60. ISHARES CORE MSCI EAFE ETF   2018-03-06 2018-06-20
74. ISHARES CORE MSCI EMERGING MARKETS ETF   2017-06-01 2018-06-13
8. ISHARES CORE MSCI EMERGING MARKETS ETF   2017-06-01 2018-12-10
74. ISHARES MSCI JAPAN ETF   2016-05-18 2018-03-06
29. ISHARES MSCI JAPAN ETF   2016-06-22 2018-03-06
15. ISHARES MSCI JAPAN ETF   2016-07-25 2018-03-06
2. ISHARES MSCI JAPAN ETF   2016-12-23 2018-03-06
4. ISHARES MSCI JAPAN ETF   2017-05-17 2018-03-06
4. ISHARES MSCI U K ETF SHS   2015-02-06 2018-03-06
41. ISHARES MSCI U K ETF SHS   2016-04-20 2018-03-06
26. ISHARES MSCI U K ETF SHS   2016-06-22 2018-03-06
75. ISHARES MSCI U K ETF SHS   2016-07-25 2018-03-06
144. ISHARES MSCI U K ETF SHS   2017-01-23 2018-03-06
3. ISHARES MSCI U K ETF SHS   2017-07-17 2018-03-06
8. ISHARES MSCI U K ETF SHS   2017-07-18 2018-03-06
2. ISHARES MSCI U K ETF SHS   2017-07-19 2018-03-06
61. ISHARES MSCI U K ETF SHS   2017-11-20 2018-03-06
2000. JPMORGAN CHASE & CO   2017-07-05 2018-08-01
1000. JPMORGAN CHASE & CO   2018-05-22 2018-08-01
20. JOHNSON & JOHNSON COM   2018-07-31 2018-08-30
49. KINDER MORGAN INC. DEL   2017-11-20 2018-05-18
65. KINDER MORGAN INC. DEL   2017-11-20 2018-08-30
7. ELI LILLY & CO COM   2016-09-02 2018-02-07
62. ELI LILLY & CO COM   2016-09-02 2018-02-08
26. ELI LILLY & CO COM   2016-09-02 2018-02-09
18. ELI LILLY & CO COM   2016-09-02 2018-02-26
36. ELI LILLY & CO COM   2016-09-02 2018-02-27
55. ELI LILLY & CO COM   2016-09-02 2018-02-28
24. ELI LILLY & CO COM   2016-09-02 2018-03-01
14. LOWES COMPANIES INC COM   2016-09-02 2018-05-18
16. LOWES COMPANIES INC COM   2016-09-02 2018-08-30
10. MERCK AND CO INC SHS   2016-09-02 2018-05-18
39. MERCK AND CO INC SHS   2016-09-02 2018-08-30
7. MICROSOFT CORP COM   2016-09-02 2018-05-18
32. MICROSOFT CORP COM   2016-09-02 2018-08-30
50. MICROSOFT CORP COM   2016-09-02 2018-11-28
58. MICROSOFT CORP COM   2016-09-02 2018-12-11
2000. MORGAN STANLEY   2018-05-03 2018-10-12
1000. MORGAN STANLEY   2018-05-22 2018-10-12
2000. MORGAN STANLEY   2018-01-17 2018-05-03
2000. MORGAN STANLEY   2016-05-09 2018-01-17
1000. MORGAN STANLEY   2017-05-19 2018-01-17
1. NEWMARKET CORP   2017-11-20 2018-05-18
4. NEWMARKET CORP   2017-11-20 2018-08-30
5. NORFOLK SOUTHERN CORP   2016-09-02 2018-05-18
29. NORFOLK SOUTHERN CORP   2016-09-02 2018-08-30
21. NORFOLK SOUTHERN CORP   2016-09-02 2018-11-28
14. NORFOLK SOUTHERN CORP   2016-09-02 2018-11-29
18. NORFOLK SOUTHERN CORP   2016-09-02 2018-12-11
18. NORFOLK SOUTHERN CORP   2016-09-02 2018-12-12
4. NORFOLK SOUTHERN CORP   2016-09-02 2018-12-13
3. PACCAR INC   2018-02-26 2018-05-18
10. PACCAR INC   2018-02-27 2018-05-18
10. PACCAR INC   2018-02-27 2018-08-30
10. PACCAR INC   2018-02-27 2018-08-30
21. PACCAR INC   2018-02-27 2018-08-30
2000. PACIFIC GAS & ELECTRIC   2015-11-17 2018-08-02
1000. PACIFIC GAS & ELECTRIC   2018-05-22 2018-08-02
4. PAYCHEX INC COM   2016-09-02 2018-05-18
30. PAYCHEX INC COM   2016-09-02 2018-08-30
63. PFIZER INC COM   2016-09-02 2018-05-18
64. PFIZER INC COM   2016-09-02 2018-08-30
4. PHILIP MORRIS INTL INC   2017-02-16 2018-05-18
4. PHILIP MORRIS INTL INC   2017-02-16 2018-08-30
7. PHILIP MORRIS INTL INC   2017-02-17 2018-08-30
122. SPDR MSCI EAFE STRATEGIC   2017-09-19 2018-12-10
590. SPDR S P WORLD EX US   2017-06-01 2018-12-10
38. SPDR S&P DIVIDEND ETF   2016-08-15 2018-12-10
17. SPDR KBW INSURANCE   2018-03-06 2018-06-21
31. HEALTH CARE SELECT SPDR   2014-08-01 2018-03-06
127. CONSUMER DISCRETIONARY SPDR   2014-08-01 2018-03-06
1. CONSUMER DISCRETIONARY SPDR   2014-08-01 2018-03-28
33. CONSUMER DISCRETIONARY SPDR   2016-04-20 2018-03-28
5. CONSUMER DISCRETIONARY SPDR   2016-04-20 2018-06-21
26. CONSUMER DISCRETIONARY SPDR   2016-04-20 2018-10-18
4. ENERGY SELECT SECTOR SPDR FUND   2016-04-20 2018-06-22
5. REAL ESTATE SELECT   2016-09-22 2018-06-21
1000. STARBUCKS CORP   2018-02-27 2018-10-03
2000. STATOIL ASA   2013-05-09 2018-05-15
10. TARGET CORP   2017-05-03 2018-05-18
29. TARGET CORP   2017-05-03 2018-08-15
1. TARGET CORP   2017-05-04 2018-08-15
8. TARGET CORP   2017-05-05 2018-08-15
24. TARGET CORP   2017-05-08 2018-08-15
6. TARGET CORP   2017-05-09 2018-08-15
36. TARGET CORP   2017-05-09 2018-08-16
50. TARGET CORP   2017-05-10 2018-08-16
8. TARGET CORP   2017-05-11 2018-08-16
18. TARGET CORP   2017-05-11 2018-08-30
5. UNITED PARCEL SVC INC CL B   2018-01-11 2018-05-18
15. UNITED PARCEL SVC INC CL B   2018-01-11 2018-08-30
9. UNITED PARCEL SVC INC CL B   2018-01-12 2018-08-30
3000. U.S. TREASURY NOTE   2018-01-11 2018-01-16
3000. U.S. TREASURY NOTE   2018-01-19 2018-02-20
2000. U.S. TREASURY NOTE   2014-01-06 2018-02-05
2000. U.S. TREASURY NOTE   2016-05-02 2018-02-08
1000. U.S. TREASURY NOTE   2016-08-03 2018-02-08
1000. U.S. TREASURY NOTE   2017-05-19 2018-02-08
2000. U.S. TREASURY NOTE   2016-07-12 2018-01-11
2000. U.S. TREASURY NOTE   2016-12-01 2018-03-07
1000. U.S. TREASURY NOTE   2017-04-06 2018-03-07
1000. U.S. TREASURY NOTE   2017-04-20 2018-02-09
2000. U.S. TREASURY NOTE   2017-09-25 2018-02-20
2000. U.S. TREASURY NOTE   2016-03-10 2018-08-17
1000. U.S. TREASURY NOTE   2016-03-10 2018-10-26
1000. U.S. TREASURY NOTE   2016-03-10 2018-11-13
1000. U.S. TREASURY NOTE   2017-06-05 2018-10-15
1000. U.S. TREASURY NOTE   2017-06-05 2018-11-14
1000. U.S. TREASURY NOTE   2017-06-05 2018-12-18
2000. U.S. TREASURY NOTE   2017-06-05 2018-12-19
14. VANECK VECTORS J.P.   2016-06-22 2018-06-20
.5 VANECK VECTORS J.P   2018-07-24 2018-10-30
2. VANGUARD INTERMEDIATE   2017-05-17 2018-06-22
12. VANGUARD INTERMEDIATE   2017-11-20 2018-06-22
29. VANGUARD INFORMATION   2014-08-01 2018-03-06
15. VANGUARD INFORMATION   2015-01-15 2018-03-06
4. VANGUARD INFORMATION   2015-01-15 2018-06-21
27. VANGUARD INFORMATION   2015-01-15 2018-08-29
14. VANGUARD MATERIALS ETF   2014-08-01 2018-03-28
49. VANGUARD S&P 500 ETF   2016-08-15 2018-12-10
23. VANGUARD VALUE VIPERS   2016-11-14 2018-12-10
20. VERIZON COMMUNICATIONS INC   2017-11-20 2018-05-18
41. VERIZON COMMUNICATIONS INC   2017-11-20 2018-08-30
1000. VODAFONE GROUP PLC   2016-06-01 2018-08-31
28. WELLS FARGO & CO NEW   2016-09-02 2018-05-18
66. WELLS FARGO & CO NEW   2016-09-02 2018-08-30
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,983   2,024 -41
b 2,020   2,002 18
c 5,989   5,628 361
d 3,075   2,913 162
e 4,205   4,039 166
346   331 15
654   662 -8
5,290   5,429 -139
4,143   4,303 -160
3,153   3,310 -157
554   662 -108
1,934   2,185 -251
1,124   959 165
5,652   3,996 1,656
1,924   1,976 -52
1,983   2,053 -70
1,894   1,354 540
537   373 164
2,375   1,866 509
1,095   1,006 89
2,762   2,045 717
22,250   16,234 6,016
1,426   1,020 406
3,078   2,318 760
385   303 82
1,923   1,613 310
636   660 -24
2,292   2,201 91
1,983   1,333 650
380   392 -12
1,258   1,220 38
1,049   1,049  
1,019   1,105 -86
2,043   1,983 60
291   231 60
2,682   2,198 484
126   149 -23
992   1,043 -51
1,379   1,362 17
1,000   1,000  
1,343   1,271 72
26   26  
32   32  
21   21  
37   37  
35   35  
32   32  
40   40  
30   30  
34   34  
30   30  
35   35  
2,534   1,165 1,369
1,150   466 684
8,006   4,202 3,804
101   54 47
1,014   767 247
3,274   2,609 665
1,640   1,381 259
4,548   3,837 711
2,779   2,456 323
3,483   3,069 414
902   1,058 -156
9,585   11,617 -2,032
1,231   1,524 -293
669   706 -37
5,276   5,594 -318
3,963   4,236 -273
1,984   2,118 -134
5,283   6,409 -1,126
89   83 6
702   578 124
3,141   2,340 801
106   113 -7
636   618 18
1,410   1,394 16
55   54 1
28   28  
2,184   2,117 67
332   312 20
8,066   7,995 71
8,242   8,155 87
96   82 14
6,954   5,954 1,000
432   354 78
3,165   2,763 402
192   176 16
1,012   978 34
1,327   1,237 90
1,571   1,404 167
209   207 2
204   199 5
1,086   998 88
4,234   3,528 706
42,471   39,171 3,300
22,416   24,165 -1,749
18,370   16,305 2,065
1,768   1,499 269
17,925   15,425 2,500
44,565   44,731 -166
3,826   3,988 -162
4,125   3,716 409
381   402 -21
4,499   3,466 1,033
1,763   1,351 412
912   707 205
122   100 22
243   210 33
139   142 -3
1,430   1,351 79
907   844 63
2,615   2,318 297
5,021   4,524 497
105   101 4
279   270 9
70   68 2
2,127   2,109 18
1,962   2,007 -45
981   981  
2,697   2,647 50
789   830 -41
1,155   1,088 67
538   536 2
4,725   4,743 -18
1,936   1,989 -53
1,442   1,377 65
2,861   2,754 107
4,306   4,208 98
1,849   1,836 13
1,210   1,074 136
1,725   1,227 498
591   627 -36
2,671   2,445 226
677   403 274
3,580   1,841 1,739
5,517   2,876 2,641
6,383   3,337 3,046
1,934   1,942 -8
967   970 -3
1,955   1,984 -29
2,006   2,023 -17
1,003   1,011 -8
378   394 -16
1,583   1,577 6
763   469 294
5,050   2,722 2,328
3,522   1,971 1,551
2,357   1,314 1,043
2,814   1,690 1,124
2,842   1,690 1,152
626   375 251
195   214 -19
650   717 -67
677   717 -40
677   717 -40
1,422   1,505 -83
1,825   1,979 -154
912   937 -25
260   244 16
2,184   1,829 355
2,249   2,184 65
2,657   2,219 438
323   411 -88
314   411 -97
549   724 -175
7,048   7,741 -693
16,031   17,399 -1,368
3,568   3,282 286
514   528 -14
2,603   1,885 718
13,286   8,317 4,969
100   65 35
3,292   2,643 649
558   401 157
2,797   2,083 714
296   267 29
160   163 -3
982   998 -16
2,000   2,000  
760   566 194
2,338   1,643 695
81   57 24
645   458 187
1,935   1,374 561
484   349 135
2,951   2,091 860
4,099   2,913 1,186
656   453 203
1,569   1,019 550
577   664 -87
1,840   1,992 -152
1,104   1,204 -100
2,925   2,920 5
2,831   2,902 -71
1,990   1,962 28
1,831   1,957 -126
913   1,006 -93
913   952 -39
1,991   1,997 -6
1,944   1,986 -42
972   996 -24
953   1,001 -48
1,895   2,006 -111
2,000   2,097 -97
992   1,047 -55
989   1,043 -54
992   999 -7
993   999 -6
994   999 -5
1,989   1,998 -9
239   251 -12
16   17 -1
161   169 -8
967   1,010 -43
5,197   2,799 2,398
2,688   1,512 1,176
749   403 346
5,446   2,721 2,725
1,781   1,521 260
11,830   9,859 1,971
2,369   2,053 316
953   920 33
2,235   1,885 350
970   992 -22
1,508   1,413 95
3,872   3,332 540
      106
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       -41
b       18
c       361
d       162
e       166
      15
      -8
      -139
      -160
      -157
      -108
      -251
      165
      1,656
      -52
      -70
      540
      164
      509
      89
      717
      6,016
      406
      760
      82
      310
      -24
      91
      650
      -12
      38
       
      -86
      60
      60
      484
      -23
      -51
      17
       
      72
       
       
       
       
       
       
       
       
       
       
       
      1,369
      684
      3,804
      47
      247
      665
      259
      711
      323
      414
      -156
      -2,032
      -293
      -37
      -318
      -273
      -134
      -1,126
      6
      124
      801
      -7
      18
      16
      1
       
      67
      20
      71
      87
      14
      1,000
      78
      402
      16
      34
      90
      167
      2
      5
      88
      706
      3,300
      -1,749
      2,065
      269
      2,500
      -166
      -162
      409
      -21
      1,033
      412
      205
      22
      33
      -3
      79
      63
      297
      497
      4
      9
      2
      18
      -45
       
      50
      -41
      67
      2
      -18
      -53
      65
      107
      98
      13
      136
      498
      -36
      226
      274
      1,739
      2,641
      3,046
      -8
      -3
      -29
      -17
      -8
      -16
      6
      294
      2,328
      1,551
      1,043
      1,124
      1,152
      251
      -19
      -67
      -40
      -40
      -83
      -154
      -25
      16
      355
      65
      438
      -88
      -97
      -175
      -693
      -1,368
      286
      -14
      718
      4,969
      35
      649
      157
      714
      29
      -3
      -16
       
      194
      695
      24
      187
      561
      135
      860
      1,186
      203
      550
      -87
      -152
      -100
      5
      -71
      28
      -126
      -93
      -39
      -6
      -42
      -24
      -48
      -111
      -97
      -55
      -54
      -7
      -6
      -5
      -9
      -12
      -1
      -8
      -43
      2,398
      1,176
      346
      2,725
      260
      1,971
      316
      33
      350
      -22
      95
      540
       
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 65,406
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 108,511 2,034,177 0.053344
2016 103,953 1,901,373 0.054673
2015 97,846 2,066,125 0.047357
2014 99,516 2,127,936 0.046766
2013 100,145 2,063,356 0.048535
2
Total of line 1, column (d) .....................
2
0.250675
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
0.050135
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
2,101,921
5
Multiply line 4 by line 3......................
5
105,380
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,120
7
Add lines 5 and 6........................
7
106,500
8
Enter qualifying distributions from Part XII, line 4,.............
8
89,349
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 2,239
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 2,239
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 2,239
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 648
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 648
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 1,591
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletTX
    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 addressbullet  
    14
    The books are in care ofbulletBANK OF AMERICA Telephone no.bullet (609) 274-6834

    Located atbullet1300 AMERICAN BOULEVARDPENNINGTONNJ ZIP+4bullet08534
    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
     
     
    ........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
    JOE E DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    BILLIE J DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    JOE BOB DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    BO S DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    DAVID C DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    2,054,762
    b
    Average of monthly cash balances.......................
    1b
    79,168
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,133,930
    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
    2,133,930
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    32,009
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,101,921
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    105,096
    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
    105,096
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,239
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,239
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    102,857
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    102,857
    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
    102,857
    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
    89,349
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    89,349
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    89,349
    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 7 102,857
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 80,736
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 89,349
    a Applied to 2017, but not more than line 2a 80,736
    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..... 8,613
    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 ..........     		94,244
    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.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    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).)
    JOE E DAVIS
    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
    ECCA VOLUNTEER FIRE DEPARTMENT
    349 CR 278
    TUSCOLA,TX79562     		N/A PC UNRESTRICTED GENERAL 1,000
    PIONEER DRIVE BAPTIST CHURCH
    701 S PIONEER DR
    ABILENE,TX79605     		N/A PC UNRESTRICTED GENERAL 15,000
    SALVATION ARMY WORLD SERVICE
    OFFICE SAWSO
    615 SLATERS LN
    ALEXANDRIA,VA22314     		N/A PC UNRESTRICTED GENERAL 3,000
    TEXAS SENTINELS FOUNDATION INC
    PO BOX 941549
    HOUSTON,TX77094     		N/A PC SUPPORT FOR WOUNDED 500
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS RD
    KANSAS CITY,MO64129     		N/A PC UNRESTRICTED GENERAL 10,000
    SAMARITAN'S PURSE
    PO BOX 3000
    BOONE,NC28607     		N/A PC UNRESTRICTED GENERAL 2,500
    METHODIST CHILDREN'S HOME
    1111 HERRING AVE
    WACO,TX76708     		N/A PC UNRESTRICTED GENERAL 500
    UNIVERSITY OF TEXAS FOUNDATION
    PO BOX 250
    AUSTIN,TX78767     		N/A PC SUPPORT MD ANDERSON CANCER 2,000
    TEXAS HEART INSTITUTE
    6770 BERTNER AVE C
    HOUSTON,TX77030     		N/A PC UNRESTRICTED GENERAL 500
    UNITED WAY OF ABILENE
    240 CYPRESS
    ABILENE,TX79601     		N/A PC UNRESTRICTED GENERAL 1,500
    HENDRICK HOME FOR CHILDREN
    2758 JEANETTE
    ABILENE,TX79602     		N/A PC UNRESTRICTED GENERAL 6,500
    ABILENE BOYS RANCH
    501 BEN RICHEY DR
    ABILENE,TX79602     		N/A PC UNRESTRICTED GENERAL 500
    BOYS & GIRLS CLUBS OF ABILENE INC
    4610 N 10TH ST
    ABILENE,TX79603     		N/A PC UNRESTRICTED GENERAL 5,000
    ALLIANCE FOR WOMEN & CHILDREN
    1350 N 10TH ST
    ABILENE,TX79601     		N/A PC UNRESTRICTED GENERAL 1,500
    KENLEY SCHOOL
    1434 MATADOR ST
    ABILENE,TX79605     		N/A PC EDUCATIONAL 10,000
    NOAH PROJECT INC
    5802 TEXAS AVE
    ABILENE,TX79605     		N/A PC UNRESTRICTED GENERAL 1,000
    HENDRICK HOSPICE CARE INC
    PO BOX 3117
    ABILENE,TX79604     		N/A PC UNRESTRICTED GENERAL 2,000
    ABILENE GOODWILL INDUSTRIES INC
    2200 N 1ST ST
    ABILENE,TX79603     		N/A PC UNRESTRICTED GENERAL 500
    BELTWAY PARK CHURCH
    4009 BELTWAY SOUTH
    ABILENE,TX79606     		N/A PC SUPPORT FOR PRISON MINISTRY 500
    DISABILITY RESOURCES INC
    PO BOX 1880
    ABILENE,TX79604     		N/A PC UNRESTRICTED GENERAL 3,800
    MINISTERS MENTORING & COUNSELING
    SERVICE
    PO BOX 6226
    ABILENE,TX79608     		N/A PC UNRESTRICTED GENERAL 12,000
    LOVE & CARE MINISTRIES
    233 FANNIN ST
    ABILENE,TX79603     		N/A PC UNRESTRICTED GENERAL 1,000
    WYLIE UNITED METHODIST CHURCH
    1401 FM 1378
    WYLIE,TX75098     		N/A PC UNRESTRICTED GENERAL 500
    Total .................................bullet 3a 81,300
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		         
    4 Dividends and interest from securities....     14 56,141  
    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 65,406  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 4,277  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   125,824  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    125,824
    (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:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 2,500     2,500

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SEE ATTACHED STATEMENT 80,344 80,354

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Name of Stock End of Year Book Value End of Year Fair Market Value
    418056107 HASBRO INC 4,543 4,469
    26441C204 DUKE ENERGY CORP NEW 10,192 10,960
    084670702 BERKSHIRE HATHAWAYIN 10,528 14,293
    704326107 PAYCHEX INC COM 13,625 14,528
    594918104 MICROSOFT CORP COM 8,557 14,829
    458140100 INTEL CORPORATION 15,349 19,945
    718172109 PHILIP MORRIS INTL I 9,266 5,808
    655844108 NORFOLK SOUTHERN COR 12,644 19,141
    58933Y105 MERCK AND CO INC SHS 18,808 22,847
    548661107 LOWES COMPANIES INC 10,890 13,115
    370334104 GENERAL MILLS INC CO    
    532457108 ELI LILLY & CO COM    
    369550108 GENERAL DYNAMICS COR 12,615 12,891
    191216100 COCA-COLA CO USD 10,200 11,080
    166764100 CHEVRONTEXACO CORP 12,118 13,055
    12673P105 CA INC    
    49456B101 KINDER MORGAN INC. D 8,933 8,059
    369604103 GENERAL ELECTRIC CO    
    09247X101 BLACKROCK INC CL A 18,286 19,248
    92343V104 VERIZON COMMUNICATIO 14,014 17,035
    87612E106 TARGET CORP 8,540 9,980
    651587107 NEWMARKET CORP 11,433 11,951
    143658300 CARNIVAL CORP 25,002 25,143
    949746101 WELLS FARGO & CO NEW 24,295 22,948
    25746U109 DOMINION RES INC VA 7,228 6,932
    25243Q205 DIAGEO PLC SPON ADR 16,111 19,710
    02209S103 ALTRIA GROUP INC 16,994 12,693
    17275R102 CISCO SYS INC 16,204 21,968
    172062101 CINCINNATI FINL CORP 18,568 19,587
    717081103 PFIZER INC COM 16,397 20,516
    22822V101 CROWN CASTLE REIT IN 17,635 17,272
    354613101 FRANKLIN RES INC COM 11,971 10,856
    037833100 APPLE COMPUTER INC C 28,111 26,343
    478160104 JOHNSON & JOHNSON CO 20,904 20,390
    693718108 PACCAR INC 24,255 19,828
    641069406 NESTLE S A SPONSORED 11,966 11,334
    911312106 UNITED PARCEL SVC IN 21,586 17,068
    882508104 TEXAS INSTRUMENTS IN 11,710 11,435
    311900104 FASTENAL CO COMMON 19,051 17,569

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    US Government Securities - End of Year Book Value:

    64,354
    US Government Securities - End of Year Fair Market Value:

    64,490
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SEE ATTACHED STATEMENT AT COST 1,173,231 1,204,173

    TY 2018 OtherDecreasesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Description Amount
    ACCRUED INTEREST C/O 40
    TYE INCOME ADJ 190
    TAX COST ADJ 536


    TY 2018 OtherExpensesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES-DIVIDEND I 23 23   0
    OTHER EXPENSE (NON-DEDUCTIBLE 3 3   0


    TY 2018 OtherIncomeSchedule2
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 4,277 0  


    TY 2018 OtherIncreasesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Description Amount
    ACCRUED INTEREST ADJ 56


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 13,873 8,324   5,549


    TY 2018 TaxesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 552 552   0
    EXCISE TAX - PRIOR YEAR 665 0   0
    EXCISE TAX ESTIMATES 345 0   0
    FOREIGN TAXES ON NONQUALIFIED 126 126   0