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 08-01-2018 , and ending 07-31-2019
Name of foundation
CHARLES E DAVIS EDUC CHAR
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

93-6170500
B Telephone number (see instructions)

(888) 730-4933
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$706,686J 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... 16,247 16,247  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 18,010
b Gross sales price for all assets on line 6a 208,696
7 Capital gain net income (from Part IV, line 2)... 18,010
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 49    
12 Total. Add lines 1 through 11........ 34,306 34,257  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,232 7,674   2,558
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 910 0 0 910
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 272 272   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 109     109
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,523 7,946 0 3,577
25 Contributions, gifts, grants paid....... 32,226 32,226
26 Total expenses and disbursements. Add lines 24 and 25 43,749 7,946 0 35,803
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -9,443
b Net investment income (if negative, enter -0-) 26,311
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.............   63 63
2 Savings and temporary cash investments......... 30,235 56,223 56,223
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............     63
13 Investments—other (attach schedule).......... 562,297 Click to see attachment530,271 650,337
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) 592,532 586,557 706,686
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........ 592,532 586,557
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)..... 592,532 586,557
31 Total liabilities and net assets/fund balances (see instructions). 592,532 586,557
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
592,532
2
Enter amount from Part I, line 27a .....................
2
-9,443
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,468
4
Add lines 1, 2, and 3 ..........................
4
586,557
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
586,557
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 4. ISHARES S&P MID-CAP 400 GROWTH   2017-09-26 2018-08-02
b 3. ISHARES S&P MID-CAP 400 GROWTH   2006-04-17 2018-08-02
c 31. ISHARES RUSSELL 2000 ETF   2018-01-25 2018-08-02
d 3. ISHARES S&P MID-CAP 400 VALUE   2017-09-26 2018-08-02
e 3. ISHARES S&P MID-CAP 400 VALUE   2017-04-20 2018-08-02
15. AMEX CONSUMER DISCR SPDR     2018-08-02
97. AMEX TECHNOLOGY SELECT SPDR     2018-08-02
12. VANGUARD INTERMEDIATE TERM B   2014-05-01 2018-08-02
70. BLACKROCK GL L/S CREDIT-K #1940   2018-01-26 2018-08-13
56. FID ADV EMER MKTS INC- CL I 607     2018-08-13
5. ISHARES S&P MID-CAP 400 GROWTH   2006-04-17 2018-08-13
5. ISHARES RUSSELL 2000 ETF   2018-01-25 2018-08-13
5. ISHARES S&P MID-CAP 400 VALUE   2017-09-26 2018-08-13
96. NEUBERGER BERMAN LONG SH-INS #1830   2017-05-26 2018-08-13
26. FINANCIAL SELECT SECTOR SPDR   2017-09-26 2018-08-13
10. AMEX TECHNOLOGY SELECT SPDR     2018-08-13
91. TCW EMRG MKTS INCM-I 4721   2018-07-12 2018-08-13
9. VANGUARD INTERMEDIATE TERM B   2014-05-01 2018-08-13
17. VANGUARD EUROPE PACIFIC ETF   2018-08-02 2018-08-13
17. VANGUARD FTSE EMERGING MARKETS ETF   2017-09-26 2018-08-13
91. AQR MANAGED FUTURES STR-I   2014-10-23 2018-08-20
23.73 BLACKROCK GL L/S CREDIT-K #1940   2018-01-26 2018-08-20
23.27 BLACKROCK GL L/S CREDIT-K #1940   2015-10-27 2018-08-20
21.11688 EATON VANCE GLOB MACRO ADV-I 208   2017-10-24 2018-08-20
59.88312 EATON VANCE GLOB MACRO ADV-I 208   2017-10-24 2018-08-20
56. FID ADV EMER MKTS INC- CL I 607     2018-08-20
13. FID ADV EMER MKTS INC- CL I 607   2017-09-27 2018-08-20
7. ISHARES RUSSELL 2000 ETF   2018-01-25 2018-08-20
3. ISHARES S&P MID-CAP 400 VALUE   2017-09-26 2018-08-20
15.04545 JOHN HANCOCK II-CURR STR-I 3643   2017-10-24 2018-08-20
44.95455 JOHN HANCOCK II-CURR STR-I 3643   2017-10-24 2018-08-20
32. ASG GLOBAL ALTERNATIVES-Y 1993   2013-07-19 2018-08-20
55. NEUBERGER BERMAN LONG SH-INS #1830   2017-05-26 2018-08-20
24. T ROWE PR REAL ESTATE-I #432     2018-08-20
14. SPDR DJ WILSHIRE INTERNATIONAL REAL   2011-08-15 2018-08-20
7. HEALTH CARE SELECT SECTOR   2016-05-31 2018-08-20
7. CONSUMER STAPLES SECTOR SPDR TR   2018-08-02 2018-08-20
7. AMEX CONSUMER DISCR SPDR   2011-02-18 2018-08-20
13. FINANCIAL SELECT SECTOR SPDR   2016-12-01 2018-08-20
7. AMEX INDUSTRIAL SPDR     2018-08-20
10. AMEX TECHNOLOGY SELECT SPDR   2011-11-08 2018-08-20
98. TCW EMRG MKTS INCM-I 4721   2018-07-12 2018-08-20
15. VANGUARD INTERMEDIATE TERM B   2014-05-01 2018-08-20
7. VANGUARD BD INDEX FD INC   2015-06-10 2018-08-20
26. VANGUARD EUROPE PACIFIC ETF   2018-08-02 2018-08-20
17. VANGUARD FTSE EMERGING MARKETS ETF   2017-09-15 2018-08-20
4. VANGUARD FTSE EMERGING MARKETS ETF   2017-09-26 2018-08-20
48. AQR MANAGED FUTURES STR-I   2014-10-23 2018-09-25
351. BLACKROCK GL L/S CREDIT-K #1940   2015-10-27 2018-09-25
3. ISHARES S&P MID-CAP 400 VALUE   2017-09-26 2018-09-25
1. ISHARES S&P MID-CAP 400 VALUE   2014-05-01 2018-09-25
726.549 NEUBERGER BERMAN LONG SH-INS #1830   2017-10-24 2018-09-25
660.451 NEUBERGER BERMAN LONG SH-INS #1830     2018-09-25
20. HEALTH CARE SELECT SECTOR     2018-09-25
7. AMEX CONSUMER DISCR SPDR   2011-02-18 2018-09-25
20. FINANCIAL SELECT SECTOR SPDR   2016-12-01 2018-09-25
15. AMEX INDUSTRIAL SPDR     2018-09-25
10. AMEX TECHNOLOGY SELECT SPDR   2011-11-08 2018-09-25
134. VANGUARD INTERMEDIATE TERM B   2014-05-01 2018-09-25
33. VANGUARD BD INDEX FD INC   2015-06-10 2018-09-25
124.374 T ROWE PR REAL ESTATE-I #432   2018-01-26 2018-11-15
253.626 T ROWE PR REAL ESTATE-I #432     2018-11-15
260. SPDR DJ WILSHIRE INTERNATIONAL REAL     2018-11-15
16. AMEX TECHNOLOGY SELECT SPDR   2011-03-18 2018-11-15
28. REAL ESTATE SELECT SECT SPDR   2018-08-02 2018-11-15
122. REAL ESTATE SELECT SECT SPDR     2018-11-15
11.235 FIDELITY NEW MRKTS INC-I   2018-08-03 2019-02-21
173.765 FIDELITY NEW MRKTS INC-I   2017-09-27 2019-02-21
18. ISHARES RUSSELL 2000 ETF   2018-09-25 2019-02-21
90. ISHARES RUSSELL 2000 ETF   2018-01-25 2019-02-21
12. ISHARES CORE MSCI EMERGING   2018-09-25 2019-02-21
117. JOHN HANCOCK II-CURR STR-I 3643   2017-10-24 2019-02-21
61. JPMORGAN HIGH YIELD FUND SS 3580   2018-01-26 2019-02-21
10. AMEX INDUSTRIAL SPDR   2018-11-15 2019-02-21
192. TCW EMRG MKTS INCM-I 4721   2018-07-12 2019-02-21
30. VANGUARD FTSE EMERGING MARKETS ETF   2018-08-02 2019-02-21
4. VANGUARD FTSE EMERGING MARKETS ETF   2017-09-08 2019-02-21
419.327 T ROWE PRICE INST FLOAT RATE 170   2016-04-22 2019-04-03
10. AMEX MATERIALS SPDR     2019-04-03
39. HEALTH CARE SELECT SECTOR   2018-11-15 2019-04-03
18. CONSUMER STAPLES SECTOR SPDR TR   2018-11-15 2019-04-03
10. AMEX CONSUMER DISCR SPDR   2018-11-15 2019-04-03
21. AMEX CONSUMER DISCR SPDR   2011-02-18 2019-04-03
13. AMEX ENERGY SELECT SPDR   2018-08-02 2019-04-03
2. AMEX ENERGY SELECT SPDR   2012-09-18 2019-04-03
108. FINANCIAL SELECT SECTOR SPDR     2019-04-03
32. AMEX INDUSTRIAL SPDR   2018-11-15 2019-04-03
16. AMEX TECHNOLOGY SELECT SPDR   2019-02-21 2019-04-03
75. AMEX TECHNOLOGY SELECT SPDR   2011-03-18 2019-04-03
30. COMM SERV SELECT SECTOR SPDR   2018-11-15 2019-04-03
98.638 FIDELITY NEW MRKTS INC-Z #3323     2019-05-09
1636.362 FIDELITY NEW MRKTS INC-Z #3323     2019-05-09
3. ISHARES S&P MID-CAP 400 GROWTH   2019-02-21 2019-05-09
8. AMEX CONSUMER DISCR SPDR     2019-05-09
43. FINANCIAL SELECT SECTOR SPDR   2018-11-15 2019-05-09
7. AMEX INDUSTRIAL SPDR   2018-11-15 2019-05-09
12. AMEX TECHNOLOGY SELECT SPDR   2011-03-18 2019-05-09
11. COMM SERV SELECT SECTOR SPDR   2018-11-15 2019-05-09
754. TCW EMRG MKTS INCM-I 4721   2018-07-12 2019-05-09
87. VANGUARD BD INDEX FD INC     2019-05-09
24. VANGUARD EUROPE PACIFIC ETF   2018-08-02 2019-05-09
22. VANGUARD FTSE EMERGING MARKETS ETF   2018-08-02 2019-05-09
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 916   800 116
b 687   239 448
c 5,149   4,923 226
d 496   453 43
e 496   441 55
1,658   830 828
6,953   3,428 3,525
966   1,008 -42
726   732 -6
706   795 -89
1,145   399 746
835   794 41
828   756 72
1,446   1,327 119
722   661 61
731   265 466
709   729 -20
729   756 -27
720   737 -17
709   739 -30
807   944 -137
246   248 -2
241   242 -1
210   226 -16
595   641 -46
713   819 -106
165   184 -19
1,183   1,112 71
505   453 52
135   145 -10
404   433 -29
356   371 -15
831   760 71
696   682 14
546   515 31
639   500 139
384   372 12
793   279 514
367   297 70
538   376 162
731   264 467
772   785 -13
1,221   1,259 -38
548   560 -12
1,107   1,127 -20
705   761 -56
166   174 -8
430   498 -68
3,661   3,657 4
508   453 55
169   120 49
11,036   10,324 712
10,032   8,797 1,235
1,890   1,414 476
815   279 536
569   457 112
1,179   665 514
748   264 484
10,737   11,251 -514
2,570   2,639 -69
3,424   3,451 -27
6,982   6,974 8
9,622   9,555 67
1,071   400 671
921   931 -10
4,011   3,971 40
168   188 -20
2,605   2,851 -246
2,822   3,062 -240
14,109   14,293 -184
614   621 -7
1,073   1,128 -55
437   457 -20
758   715 43
1,549   1,538 11
1,239   1,289 -50
165   180 -15
4,122   4,156 -34
572   416 156
3,575   3,529 46
994   1,004 -10
1,159   1,047 112
2,434   838 1,596
860   980 -120
132   150 -18
2,849   2,871 -22
2,446   2,288 158
1,213   1,113 100
5,688   1,874 3,814
1,439   1,343 96
1,471   1,488 -17
24,398   25,924 -1,526
660   655 5
934   312 622
1,161   1,143 18
528   500 28
907   300 607
535   492 43
6,115   6,040 75
6,910   6,943 -33
972   1,041 -69
902   946 -44
      975
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       116
b       448
c       226
d       43
e       55
      828
      3,525
      -42
      -6
      -89
      746
      41
      72
      119
      61
      466
      -20
      -27
      -17
      -30
      -137
      -2
      -1
      -16
      -46
      -106
      -19
      71
      52
      -10
      -29
      -15
      71
      14
      31
      139
      12
      514
      70
      162
      467
      -13
      -38
      -12
      -20
      -56
      -8
      -68
      4
      55
      49
      712
      1,235
      476
      536
      112
      514
      484
      -514
      -69
      -27
      8
      67
      671
      -10
      40
      -20
      -246
      -240
      -184
      -7
      -55
      -20
      43
      11
      -50
      -15
      -34
      156
      46
      -10
      112
      1,596
      -120
      -18
      -22
      158
      100
      3,814
      96
      -17
      -1,526
      5
      622
      18
      28
      607
      43
      75
      -33
      -69
      -44
       
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 18,010
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 37,836 712,017 0.053139
2016 3,792 685,347 0.005533
2015 39,011 670,037 0.058222
2014 79,655 731,817 0.108846
2013 35,461 743,427 0.047699
2
Total of line 1, column (d) .....................
2
0.273439
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
0.054688
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
671,042
5
Multiply line 4 by line 3......................
5
36,698
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
263
7
Add lines 5 and 6........................
7
36,961
8
Enter qualifying distributions from Part XII, line 4,.............
8
35,803
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 1 526
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........................... 3 526
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- ..... 5 526
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 225
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.............. 7 225
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 8
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 309
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)
    bulletOR
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    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
    Wells Fargo Bank NA TRUSTEE
    1     		10,232    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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
    646,241
    b
    Average of monthly cash balances.......................
    1b
    35,020
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    681,261
    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
    681,261
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    10,219
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    671,042
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    33,552
    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
    33,552
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    526
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    526
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    33,026
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    3,423
    5
    Add lines 3 and 4............................
    5
    36,449
    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
    36,449
    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
    35,803
    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
    35,803
    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
    35,803
    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 36,449
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:2016, 2015, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 22,654
    c From 2015...... 5,662
    d From 2016...... 0
    e From 2017...... 2,685
    fTotal of lines 3a through e........ 31,001
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 35,803
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 35,803
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 646 646
    (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 30,355
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		30,355
    10 Analysis of line 9:
    a Excess from 2014.... 22,008
    b Excess from 2015.... 5,662
    c Excess from 2016.... 0
    d Excess from 2017.... 2,685
    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).)
    NONE
    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.
    NONE
    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:
    SHERMAN COUNTY SCHOLARSHIP ASSOCIAT
    PO BOX 3
    MORO,OR97039
    (830) 769-3743
    N/A
    bThe form in which applications should be submitted and information and materials they should include:
    REQUIREMENTS IN THE APPLICATIONS
    cAny submission deadlines:
    MAY 30TH
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO SHERMAN COUNTY HIGH SCHOOL GRADUATES
    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
    Umpqua Community College
    1140 UMPQUA COLLEGE ROAD
    Roseburg,OR97470     		NONE I SCHOLARSHIP 711
    Western Oregon University
    345 N MONMOUTH AVE
    Monmouth,OR97361     		NONE I SCHOLARSHIP 3,313
    Lane Community College
    4000 E 30TH AVE
    Eugene,OR97405     		NONE I SCHOLARSHIP 2,222
    Oregon State University
    1500 SW JEFFERSON WAY
    Corvallis,OR97331     		NONE I SCHOLARSHIP 13,694
    Clackamas Community College
    19600 MOLALLA AVE
    Oregon City,OR97045     		NONE I SCHOLARSHIP 3,563
    Corban University
    5000 DEER PARK DR SE
    Salem,OR97317     		NONE I SCHOLARSHIP 1,522
    Williamette University
    900 STATE ST
    Salem,OR97301     		NONE I SCHOLARSHIP 3,870
    Chemeketa Community College
    4000 LANCASTER DR NE
    Salem,OR97305     		NONE I SCHOALRSHIP 769
    Columbia Gorge Community College
    400 E SCENIC DR
    The Dalles,OR97058     		NONE I SCHOLARSHIP 2,562
    Total .................................bullet 3a 32,226
    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 16,247  
    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 18,010  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 49  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   34,306  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    34,306
    (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:
    CHARLES E DAVIS EDUC CHAR
    EIN:
    93-6170500
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 910     910

    TY 2018 InvestmentsOtherSchedule2
    Name:
    CHARLES E DAVIS EDUC CHAR
    EIN:
    93-6170500
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    4812C0803 JPMORGAN HIGH YIELD AT COST 13,374 13,619
    63872T885 ASG GLOBAL ALTERNATI AT COST 13,843 13,726
    922042858 VANGUARD EMERGING MA AT COST 36,262 39,630
    921943858 VANGUARD EUROPE PACI AT COST 43,757 46,989
    81369Y308 CONSUMER STAPLES SEC AT COST 6,394 10,757
    464287655 ISHARES RUSSELL 2000 AT COST 34,620 34,130
    46090F100 INVESCO OPTIMUM YIEL AT COST 15,218 13,357
    464287606 ISHARES S&P MIDCAP 4 AT COST 9,747 31,090
    81369Y209 AMEX HEALTH CARE SPD AT COST 13,049 27,251
    87234N765 TCW EMRG MKTS INCM-I AT COST 26,922 28,434
    46434G103 ISHARES CORE MSCI EM AT COST 20,246 19,620
    81369Y407 AMEX CONSUMER DISCR AT COST 6,216 19,919
    277923264 EATON VANCE GLOB MAC AT COST 22,651 21,735
    47803M168 JOHN HANCOCK II-CURR AT COST 14,661 13,865
    09260C703 BLACKROCK GL L/S CRE AT COST 21,218 20,867
    31641Q755 FIDELITY NEW MRKTS I AT COST 13,664 14,038
    64128R608 NEUBERGER BERMAN LON AT COST 12,734 14,254
    00203H859 AQR MANAGED FUTURES AT COST 23,851 21,231
    921937827 VANGUARD BD INDEX FD AT COST 10,287 10,452
    78463X863 SPDR DJ WILSHIRE INT AT COST 6,501 6,827
    464287705 ISHARES S&P MIDCAP 4 AT COST 13,801 30,710
    464287226 ISHARES BARCLAYS AGG AT COST 41,205 42,183
    81369Y605 AMEX FINANCIAL SELEC AT COST 15,067 24,662
    81369Y100 AMEX MATERIALS SPDR AT COST 2,512 3,909
    779919307 T ROWE PR REAL ESTAT AT COST 6,312 6,940
    921937819 VANGUARD INTERMEDIAT AT COST 51,280 53,118
    81369Y803 AMEX TECHNOLOGY SELE AT COST 9,871 31,904
    81369Y506 AMEX ENERGY SELECT S AT COST 5,420 4,828
    81369Y852 COMM SERV SELECT SEC AT COST 9,759 11,070
    81369Y704 AMEX INDUSTRIAL SPDR AT COST 9,829 19,222

    TY 2018 OtherExpensesSchedule
    Name:
    CHARLES E DAVIS EDUC CHAR
    EIN:
    93-6170500
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEE/STATE TAX 109 0   109


    TY 2018 OtherIncomeSchedule2
    Name:
    CHARLES E DAVIS EDUC CHAR
    EIN:
    93-6170500
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 49 0  


    TY 2018 OtherIncreasesSchedule
    Name:
    CHARLES E DAVIS EDUC CHAR
    EIN:
    93-6170500
    Description Amount
    MF TIMING DIFFERENCE 34
    RECOVERY OF GRANTS PAID 3,423
    COST BASIS ADJUSTMENT 11


    TY 2018 TaxesSchedule
    Name:
    CHARLES E DAVIS EDUC CHAR
    EIN:
    93-6170500
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 36 36   0
    FOREIGN TAXES ON QUALIFIED FOR 77 77   0
    FOREIGN TAXES ON NONQUALIFIED 159 159   0