Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
Arthur Vining Davis Foundation #3
 
Number and street (or P.O. box number if mail is not delivered to street address)814 N Highway A1A No 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Ponte Vedra Beach, FL32082
A Employer identification number

59-6159693
B Telephone number (see instructions)

(904) 359-0670
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$157,830,324J 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 568,588 568,588  
4 Dividends and interest from securities... 2,238,353 2,238,353  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,922,552
b Gross sales price for all assets on line 6a 58,690,465
7 Capital gain net income (from Part IV, line 2)... 2,922,552
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 8,877 8,877  
12 Total. Add lines 1 through 11........ 5,738,370 5,738,370  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 843,177 357,248   485,929
14 Other employee salaries and wages...... 174,652 0   174,652
15 Pension plans, employee benefits....... 141,255 0   141,255
16a Legal fees (attach schedule)......... Click to see attachment 216,472 0   216,472
b Accounting fees (attach schedule)....... Click to see attachment 28,786 5,757   23,029
c Other professional fees (attach schedule).... Click to see attachment 83,401 38,041   45,360
17 Interest............... 32,015 32,015   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 149,541 70,768   26,417
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 68,642 0   68,642
21 Travel, conferences, and meetings....... 107,708 0   107,708
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 525,069 0   150,069
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,370,718 503,829   1,439,533
25 Contributions, gifts, grants paid....... 7,118,575 6,356,075
26 Total expenses and disbursements. Add lines 24 and 25 9,489,293 503,829   7,795,608
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,750,923
b Net investment income (if negative, enter -0-) 5,234,541
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 18,006    
2 Savings and temporary cash investments......... 2,055,520 4,763,328 4,763,328
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 3,150 3,150 3,150
10a Investments—U.S. and state government obligations (attach schedule) 9,807,502 Click to see attachment10,374,490 10,374,490
b Investments—corporate stock (attach schedule)....... 129,397,967 Click to see attachment112,110,736 112,110,736
c Investments—corporate bonds (attach schedule)....... 6,730,977 Click to see attachment5,746,117 5,746,117
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 27,691,038 Click to see attachment24,729,185 24,729,185
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment102,605 Click to see attachment103,318 Click to see attachment103,318
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 175,806,765 157,830,324 157,830,324
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................   762,500
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) Click to see attachment59,361 Click to see attachment22,356
23 Total liabilities (add lines 17 through 22)......... 59,361 784,856
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.................. 175,747,404 157,045,468
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........    
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)..... 175,747,404 157,045,468
31 Total liabilities and net assets/fund balances (see instructions). 175,806,765 157,830,324
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
175,747,404
2
Enter amount from Part I, line 27a .....................
2
-3,750,923
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
171,996,481
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
14,951,013
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
157,045,468
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 Publicly traded securities P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 58,690,465   55,767,913 2,922,552
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,922,552
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,922,552
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 2,541,016 162,583,262 0.015629
2016 3,741,577 147,350,533 0.025392
2015 6,971,484 151,551,283 0.046001
2014 8,463,967 154,257,203 0.054869
2013 7,156,833 144,362,483 0.049575
2
Total of line 1, column (d) .....................
2
0.191466
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
0.038293
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
169,625,336
5
Multiply line 4 by line 3......................
5
6,495,463
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
52,345
7
Add lines 5 and 6........................
7
6,547,808
8
Enter qualifying distributions from Part XII, line 4,.............
8
7,795,608
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 52,345
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 52,345
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 52,345
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 30,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 22,356
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 52,356
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 11
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
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 taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.avdf.org
    14
    The books are in care ofbulletOffice of the President Telephone no.bullet (904) 359-0670

    Located atbullet814 N Highway A1A Suite 300Ponte Vedra BeachFL ZIP+4bullet32082
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JH Dow Davis Chairman
    5.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Alicia Jaworski Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Amanda Davis Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Caleb N Davis Trustee (term ended 02/18)
    0.50     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Sarah Davis Trustee (term began 05/18)
    0.75     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Eric Davis Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Serena Davis Hall Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Meg Davis Maiden Trustee
    0.75     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    John L Kee III Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Dr William Given Kee Trustee (term ended 05/18)
    0.75     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Dorry Kee Trustee (term began 10/18)
    0.50     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Dr Nancy Cable President (term ended 08/18)
    19.00     		142,364 36,010 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Dr Dale Knobel Interim President (term began 08/18)
    6.00     		50,243 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Tim Michel Chief Financial Officer
    25.00     		100,957 39,964 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    SunTrust Banks Inc Corporate Trustee/Investme
    2.00     		549,613 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    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
    Adora Gross VP for Administratio
    25.00     		89,061 35,555 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32082
    Ann Bryan Special Projects Man
    19.00     		57,046 23,747 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32082
    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.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    169,508,249
    b
    Average of monthly cash balances.......................
    1b
    2,700,214
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    172,208,463
    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
    172,208,463
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,583,127
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    169,625,336
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,481,267
    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
    8,481,267
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    52,345
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    52,345
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,428,922
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,428,922
    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
    8,428,922
    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
    7,795,608
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    7,795,608
    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
    52,345
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    7,743,263
    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 8,428,922
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 7,778,683
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 7,795,608
    a Applied to 2017, but not more than line 2a 7,778,683
    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..... 16,925
    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 ..........     		8,411,997
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Dr Michael J Murray Arthur Vining D
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32082
    (904) 359-0670
    bThe form in which applications should be submitted and information and materials they should include:
    Applicants should review the additional information provided in the grants section of the Foundation's web page at https://www.avdf.org/Grants/GrantseekingOrganizations.aspx.
    cAny submission deadlines:
    See additional information provided in the grants section of the Foundation's web page.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The following activities/organizations are not supported by the Foundation: A) Institutions outside the U.S. and its possessions B) Assistance to individuals (except as chosen by a grantee institution under an organized scholarship program) C) Support for voter registration drives, voter education, efforts to influence elections or legislation D) Expenditures for non-charitable purposes E) Institutions primarily supported by governmental funds (except in health care and secondary education) F) Projects which incur obligations that extend over several years G) Private foundations within sec. 509(A) of the 1969 Tax Reform Act
    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
    Alma College
    614 W Superior St
    Alma,MI48801     		None Public Charity Charitable purposes-Private Higher Education 99,525
    Association of Governing Boards
    1133 20th St NW
    Washington,DC20036     		None Public charity Private higher education 350,000
    Cathedral Arts Project Inc
    207 N Laura Street Suite 300
    Jacksonville,FL32202     		None Public charity Charitable purposes 5,000
    City Lore Inc
    56 E 1st St
    New York,NY10003     		None Public Charity Charitable Purposes- Pulic Educational Media 250,000
    Colorado Seminary
    2199 S University Blvd
    Denver,CO80210     		None Public Charity Charitable Purposes- Private Higher Education 100,000
    Communities in Schools of Jacksonville
    6261 Dupont Station Ct E
    Jacksonville,FL32217     		None Public Charity Charitable Purposes 10,000
    Council for a Parliament of the World's Religions
    70 E Lake St Ste 205
    Chicago,IL60601     		None Public Charity Charitable Purposes- Interfaith Leadership and Religious Literacy 150,000
    Dominican University of California
    50 Acacia Ave
    San Rafael,CA94901     		None Public charity Private higher education 190,000
    Duke Divinity School
    324 Blackwell St Ste 850
    Durham,NC27701     		None Public Charity Charitable Purposes- Interfaith Leadership and Religious Literacy 200,000
    Elmhurst College
    190 S Prospect Ave
    Elmhurst,IL60126     		None Public Charity Charitable Purposes- Private Higher Education 78,750
    Family Fdn of NE FL Inc
    40 E Adams St 320
    Jacksonville,FL32202     		None Public charity Charitable purposes 20,200
    Film Makers Collaborative Incorporated
    6 Eastman Pl Suite 202
    Melrose,MA02176     		None Public Charity Charitable Purposes- Public Educational Media 50,000
    Friends of Acadia
    PO Box 45
    Bar Harbor,ME04609     		None Public charity Charitable purposes 4,000
    Friends of the Library- Ponte Vedra Beach Inc
    PO Box 744
    Ponte Vedra,FL32004     		None Public Charity Charitable Purposes 500
    Good Shepherd Food Bank of Maine
    3121 Hotel Rd
    Auburn,ME04210     		None Public Charity Charitable Purposes 2,000
    Harvard Divinity School
    1033 Massachusetts Avenue Ste 3
    Cambridge,MA02138     		None Public Charity Charitable Purposes 300,000
    Icahn School of Medicine at Mount Sinai
    Office of Development One Gustave L
    Levy Place Box 1049
    New York,NY10029     		None Public Charity Charitable purposes- Palliative Care 250,000
    Interfaith Youth Core (IFYC)
    141 W Jackson Boulevard Suite 3200
    Chicago,IL60604     		None Public charity Religious literacy & Interfaith leadership 500,000
    Jacksonville University
    2800 University Blvd N
    Jacksonville,FL32211     		None Public Charity Charitable Purposes- Private Higher Education 250,000
    Kalamazoo College
    1200 Academy St
    Kalamazoo,MI49006     		None Public Charity Charitable Purposes- Private Higher Education 250,000
    Kipp Jacksonville Inc
    1440 McDuff Avenue North
    Jacksonville,FL32254     		None Public charity Charitable purposes 10,000
    Knights of Rizal of Greater Jacksonville Inc
    3360 Pickwick Drive South
    Jacksonville,FL32257     		None Public charity Charitable purposes 1,100
    Lagrange College
    601 Broad St
    Lagrange,GA30240     		None Public Charity Charitable Purposes- Private Higher Education 200,000
    Local Initiative Support Corporation (LISC)
    501 Seventh Ave 7th Floor
    New York,NY10018     		None Public Charity Charitable Purposes 25,000
    Lycoming College
    700 College Pl
    Williamsport,PA17701     		None Public Charity Charitable Purposes- Private Higher Education 258,000
    Maine Coast Heritage Trust
    1 Bowdoin Mill Island St
    Topsham,ME04086     		None Public Charity Charitable Purposes 2,000
    Maine Public Broadcasting Corporation
    63 Texas Ave
    Bangor,ME04401     		None Public Charity Charitable Purposes 1,000
    Media & Policy Center Foundation of California
    2932 Wilshire Blvd STE 203
    Santa Monica,CA90403     		None Public Charity Charitable Purposes- Public Educational Media 300,000
    Minnesota Private College Fund
    445 Minnesota St STE 500
    Saint Paul,MN55101     		None Public Charity Charitable Purposes- Private Higher Education 41,000
    Natural Resources Council of Maine
    3 Wade St
    Augusta,ME04330     		None Public Charity Charitable Purposes 1,000
    OneJax
    1 UNF Drive Building 53 No 2750
    Jacksonville,FL32224     		None Public charity Charitable purposes 5,000
    Seeds of Peace Inc
    370 Lexington Avenue Suite 1201
    New Yorl,NY10017     		None Public Charity Charitable Purposes 2,000
    The Aspen Institute
    PO Box 222
    Queenstown,MD21658     		None Public charity Charitable purposes 150,000
    Unity Productions Foundation
    PO Box 650458
    Potomac Falls,VA20165     		None Public Charity Charitable Purposes- Public Educational Media 100,000
    University of Pennsylvania
    3451 Walnut Street Suite 305
    Philadelphia,PA19104     		None Public Charity Charitable Purposes- Private Higher Education 250,000
    University of Puget Sound
    1500 N Warner St 1067
    Tacoma,WA98416     		None Public Charity Charitable Purposes- Private Higher Education 250,000
    Webb Institute
    298 Crescent Beach Rd
    Glen Cove,NY11542     		None Public Charity Charitable Purposes- Private Higher Education 100,000
    WETAFlorentine Films
    3939 Campbell Avenue
    Arlington,VA22206     		None Public charity Public educational media 250,000
    WGBH
    One Guest Street
    Boston,MA02135     		None Public charity Public educational media 350,000
    Willamette University
    900 State St
    Salem,OR97301     		None Public Charity Charitable Purposes- Private Higher Education 100,000
    WNET
    825 8th Avenue
    New York,NY10019     		None Public charity Public educational media 250,000
    Wofford College
    429 N Church Street
    Spartanburg,SC29303     		None Public charity Private higher education 250,000
    Woods Hole Oceanographic Institution
    569 Woods Hole Road- MS14
    Woods Hole,MA02543     		None Public charity private higher education 100,000
    WTTW
    5400 N St Louis Avenue
    Chicago,IL60625     		None Public charity Public educational media 300,000
    Total .................................bullet 3a 6,356,075
    bApproved for future payment
    Interfaith Youth Core (IFYC)
    141 W Jackson Boulevard Suite 3200
    Chicago,IL60604     		None Public Charity Religious literacy & Interfaith leadership 500,000
    The Episcopal Church in Navajoland
    PO Box 720
    Farmington,NM87499     		None Public Charity Charitable Purposes 262,500
    Total .................................bullet 3b 762,500
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 568,588  
    4 Dividends and interest from securities....     14 2,238,353  
    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.....     01 8,877  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,922,552  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 5,738,370 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,738,370
    (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:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Auditing & tax advisory fees 28,786 5,757   23,029

    TY 2018 GeneralExplanationAttachment
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Identifier Return Reference Explanation
      Form 990-PF, Part VIII, Line 1, Column b - Corporate Trustee Avrg Hrs/Wk As Corporate Trustee, SunTrust Banks, Inc. provides administrative services such as acting as investment manager for the Foundation. These services require numerous individual bank employees' involvement in the activities of the Foundation and thus cannot be quantified on an hourly basis. Therefore, the Trustee's fees are not based upon an hourly basis but are calculated based upon factors such as the market value of the account and in accordance with the Trustee's agreement with the Foundation.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Name of Bond End of Year Book Value End of Year Fair Market Value
    American Express Credit 243,089 243,089
    American Intl Group 160,852 160,852
    Apple Inc 242,155 242,155
    AT&T Inc 157,378 157,378
    BB&T Corporation 246,758 246,758
    Bank of America Corp 165,522 165,522
    CVS Health Corp 161,538 161,538
    Capital One Financial Co 160,569 160,569
    Cardinal Health Inc 163,155 163,155
    Citigroup Inc 163,535 163,535
    Comcast Corp 158,830 158,830
    Walt Disney Company 159,030 159,030
    Enterprise Products Oper 160,293 160,293
    Exxon Mobil Corporation 163,212 163,212
    Fedex Corp 148,969 148,969
    General Electric Cap Corp 130,284 130,284
    Goldman Sachs Group Inc 163,673 163,673
    Home Depot Inc 158,252 158,252
    JPMorgan Chase & Co 151,575 151,575
    Metlife Inc 164,123 164,123
    Noble Energy Inc 157,738 157,738
    Occidental Petroleum Corp 163,391 163,391
    Oracle Group 155,640 155,640
    PNC Financial Services 157,451 157,451
    Prudential Financial Services 159,873 159,873
    US Bancorp 150,390 150,390
    United Technologies Corp 148,140 148,140
    UnitedHealth Group Inc 162,418 162,418
    Verizon Communications Inc 164,100 164,100
    Visa Inc 333,814 333,814
    Wells Fargo & Company 254,421 254,421
    Barrick Gold Corp 159,798 159,798
    HSBC Holdings PLC 156,151 156,151

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Ishares Russell 200 Value ETF 3,041,231 3,041,231
    JOHCM International Select Fund 7,629,421 7,629,421
    DFA International Core Equity Firm 10,938,594 10,938,594
    DFA Emerging Markets Core Equity Portfolio 4,003,345 4,003,345
    Eaton Vance Atlanta Capital SMID Cap Fund 9,403,539 9,403,539
    Hartford Dividend and Growth Fund 13,983,710 13,983,710
    T. Rowe Price Institutional Large-Cap Growth Fund 13,934,465 13,934,465
    T. Rowe Price Emerging Markets Stock Fund 3,971,299 3,971,299
    T. Rowe Price QM US Small-Cap Growth Equity Fund 3,084,628 3,084,628
    Vanguard Institutional Index Fund 12,344,489 12,344,489
    Vanguard Russell 1000 Growth Index Fund 10,857,761 10,857,761
    Vanguard Russell 1000 Value Index Fund 10,852,440 10,852,440
    Doublieline Total Return Bond Fund 6,456,678 6,456,678
    PIMCO Income Fund 1,609,136 1,609,136

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    US Government Securities - End of Year Book Value:

    10,374,490
    US Government Securities - End of Year Fair Market Value:

    10,374,490
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Voyager Partners Offshore LTD Sub Class S Series One FMV 3,703,304 3,703,304
    Harbourvest 2015 Global FD LP PFIC FMV 1,174,246 1,174,246
    Harbourvest 2016 Global FD LP PFIC FMV 870,832 870,832
    Lighthouse Diversified FD LTD CL G Restricted FMV 12,440,890 12,440,890
    Harbourvest 2018 Global Feeder Fund FMV 140,000 140,000
    Pine Grove Offshore FD LTD Low Volatility FD CL A FMV 6,399,913 6,399,913

    TY 2018 LegalFeesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 216,472 0   216,472


    TY 2018 OtherAssetsSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Accrued interest and dividends 102,605 103,318 103,318


    TY 2018 OtherDecreasesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Amount
    Unrealized gains/(losses) on securities 14,951,013


    TY 2018 OtherExpensesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Computer equipment & maintenance 25,521 0   25,521
    Communications 6,128 0   6,128
    Office supplies 6,882 0   6,882
    Insurance 8,942 0   8,942
    Dues and subscriptions 1,973 0   1,973
    Professional development 5,290 0   5,290
    Human resources search & payroll processing 12,561 0   12,561
    Software 23,751 0   23,751
    Trustee strategic planning 25,195 0   25,195
    Organizational memberships 27,225 0   27,225
    Outreach 2,457 0   2,457
    Postage 939 0   939
    Website 3,123 0   3,123
    Miscellaneous 82 0   82
    Settlement Payment 375,000 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Miscellaneous Income 8,877 8,877 8,877


    TY 2018 OtherLiabilitiesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Beginning of Year - Book Value End of Year - Book Value
    Federal excise tax payable (receivable) 59,361 22,356


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management fees 38,041 38,041   0
    Other professional fees 45,360 0   45,360


    TY 2018 TaxesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll taxes 26,417 0   26,417
    Federal excise tax 52,356 0   0
    Foreign taxes paid 70,768 70,768   0