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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Shelby Cullom Davis Charitable Fund Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-3734688
B Telephone number (see instructions)

(800) 839-1754
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$3,531,908,805J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 44,576 44,576  
4 Dividends and interest from securities... 38,661,120 38,661,120  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,393,159
b Gross sales price for all assets on line 6a 37,744,222,035
7 Capital gain net income (from Part IV, line 2)... 0
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 -861,652 711,920 122,187
12 Total. Add lines 1 through 11........ 36,450,885 39,417,616 122,187
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 200,000     200,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 5,507 0 0 5,507
b Accounting fees (attach schedule)....... Click to see attachment 19,000 0 0 19,000
c Other professional fees (attach schedule).... Click to see attachment 684,224 566,224   118,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 447,477      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,889     1,889
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 430,041 263,125   166,320
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,788,138 829,349 0 510,716
25 Contributions, gifts, grants paid....... 143,405,073 143,405,073
26 Total expenses and disbursements. Add lines 24 and 25 145,193,211 829,349 0 143,915,789
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -108,742,326
b Net investment income (if negative, enter -0-) 38,588,267
c Adjusted net income (if negative, enter -0-)... 122,187
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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.............      
2 Savings and temporary cash investments......... 2,169,918 1,039,877 1,039,877
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 8,783,170 Click to see attachment7,473,698 7,544,142
b Investments—corporate stock (attach schedule)....... 2,655,970,894 Click to see attachment2,577,167,324 3,485,054,407
c Investments—corporate bonds (attach schedule)....... 41,790,103 Click to see attachment12,316,817 13,039,329
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 24,080,739 Click to see attachment25,940,392 21,187,550
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,602,500 Click to see attachment4,043,500 Click to see attachment4,043,500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,736,397,324 2,627,981,608 3,531,908,805
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 2,736,397,324 2,627,981,608
29 Total net assets or fund balances (see instructions)..... 2,736,397,324 2,627,981,608
30 Total liabilities and net assets/fund balances (see instructions). 2,736,397,324 2,627,981,608
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,736,397,324
2
Enter amount from Part I, line 27a .....................
2
-108,742,326
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
326,610
4
Add lines 1, 2, and 3 ..........................
4
2,627,981,608
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,627,981,608
Form 990-PF (2020)
Form 990-PF (2020)
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      
b Passthrough K1 Capital Gain/(Loss)      
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 37,744,222,035   37,747,404,928 -3,182,893
b       1,873,861
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       -3,182,893
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 -1,309,032
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 536,377
c All other domestic foundations enter 1.39% 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  
3 Add lines 1 and 2........................... 3 536,377
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 536,377
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 875,812
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 875,812
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 339,435
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet339,435 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 the instructions
for the 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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 2020, 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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletBR, GR, KS, AE, UK
    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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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). Click to see attachment
    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
    Alida Davis Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Andrew A Davis Treas, Dir
    7.5     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Charles Cullom Davis Independent Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Christopher C Davis Sec, Dir
    2.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Lansing Davis Dir, Assistant Treas
    2.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Shelby MC Davis Dir, Chairman
    2.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Victoria Davis Nosler Dir, Vice Chairman
    2.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Philip O Geier PhD ASSIST SEC/EXECUTIVE DIRECTOR
    10.0     		200,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Edith Winkler Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    State Street Investment Mgt 566,224
    1 LINCOLN ST
    BOSTON,MA02111
    Foundation Source Administrative 164,000
    55 Walls Drive 3rd Fl
    Fairfield,CT06824
    Andrew Chmar LAND CONSERV CONSULT 56,000
    9911 Buck Creek Road
    Highlands,NC28741
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 GLOBAL PARTNERSHIPS/ELEOS SOCIAL VENTURE FUND INVESTS IN SOCIAL ENTERPRISES TO ENABLE THEM TO DELIVER ESSENTIAL PRODUCTS AND SERVICES TO IMPOVERISHED HOUSEHOLDS IN E.AFRICA 122,500
    2 GLOBAL PARTNERSHIPS/ELEOS SOCIAL VENTURE FUND #2 INVESTS IN SOCIAL ENTERPRISES TO ENABLE THEM TO DELIVER ESSENTIAL PRODUCTS AND SERVICES TO IMPOVERISHED HOUSEHOLDS IN E.AFRICA 318,500
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet441,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,814,303,391
    b
    Average of monthly cash balances.......................
    1b
    150,734,030
    c
    Fair market value of all other assets (see instructions)................
    1c
    21,187,550
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,986,224,971
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,986,224,971
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    44,793,375
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,941,431,596
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    147,071,580
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    147,071,580
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    536,377
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    7,438
    c
    Add lines 2a and 2b............................
    2c
    543,815
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    146,527,765
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    326,610
    5
    Add lines 3 and 4............................
    5
    146,854,375
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    146,854,375
    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
    143,915,789
    b
    Program-related investments—total from Part IX-B..................
    1b
    441,000
    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
    144,356,789
    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
    144,356,789
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 146,854,375
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 144,356,789
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 144,356,789
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.    
    (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 ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		2,497,586
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    10000 DEGREES
    1401 LOS GAMOS NO 205
    SAN RAFAEL,CA94903     		N/A PC General & Unrestricted 100,000
    ALBERTINA KERR CENTERS
    424 NE 22ND AVE
    PORTLAND,OR97232     		N/A PC for Portland Arts and Learning Studios 100,000
    ALBERTINA KERR CENTERS
    424 NE 22ND AVE
    PORTLAND,OR97232     		N/A PC for Portland Arts and Learning Studios 50,000
    AMERICAN MUSEUM OF NATURAL HISTORY
    79TH ST AT CENTRAL PARK W
    NEW YORK,NY10024     		N/A PC Richard Gilder Center for Science, Education, and Innovation 3,000,000
    ARMAND HAMMER UNITED WORLD COLLEGE OF THE AMERICAN
    400 HWY 65 ATTN BUSINESS OFC
    MONTEZUMA,NM87731     		N/A PC UWC Forever Fund and the annual Davis Scholars fund 25,000,000
    ARMAND HAMMER UNITED WORLD COLLEGE OF THE AMERICAN
    400 HWY 65 ATTN BUSINESS OFC
    MONTEZUMA,NM87731     		N/A PC Geier International Scholarship Endowment Fund and Bartos Institute for the Constructive Engagement of Conflict Endowment Fund 300,000
    ARMAND HAMMER UNITED WORLD COLLEGE OF THE AMERICAN
    400 HWY 65 ATTN BUSINESS OFC
    MONTEZUMA,NM87731     		N/A PC General & Unrestricted 2,000,000
    BIGELOW LABORATORY FOR OCEAN SCIENCES
    60 BIGELOW DR
    EAST BOOTHBAY,ME04544     		N/A PC anti-methane project 1,054,445
    BIGELOW LABORATORY FOR OCEAN SCIENCES
    60 BIGELOW DR
    EAST BOOTHBAY,ME04544     		N/A PC Algae feed impact on methane reduction; impact on greenhouse gases project 1,284,770
    BROOKS SCHOOL
    1160 GREAT POND RD
    NORTH ANDOVER,MA01845     		N/A PC First generation to college pilot program Scholarship fund 525,000
    BROWN HOPE
    1001 SE SANDY BLVD
    PORTLAND,OR97214     		N/A PC General & Unrestricted 250,000
    BROWN UNIVERSITY Annual Fund
    BOX 1976
    PROVIDENCE,RI02912     		N/A PC General & Unrestricted 25,000
    BUCKLEY SCHOOL IN THE CITY OF NEW YORK
    113 E 73RD ST
    NEW YORK,NY10021     		N/A PC Annual Fund 50,000
    BUCKLEY SCHOOL IN THE CITY OF NEW YORK
    113 E 73RD ST
    NEW YORK,NY10021     		N/A PC Covid relief 50,000
    CASE WESTERN RESERVE UNIVERSITY
    10900 EUCLID AVE
    CLEVELAND,OH44106     		N/A PC Davis UWC Scholars Program 2020 840,000
    CATLIN GABEL SCHOOL
    8825 SW BARNES RD
    PORTLAND,OR97225     		N/A PC to help financial assistance needs this year in relation to Give Day 200,000
    CENTRAL PARK CONSERVANCY INC
    14 E 60TH ST 8TH FL
    NEW YORK,NY10022     		N/A PC COVID-19 related operations grant 250,000
    CENTRAL PARK CONSERVANCY INC
    14 E 60TH ST 8TH FL
    NEW YORK,NY10022     		N/A PC Essential Central Park Fund 500,000
    CENTRAL PARK CONSERVANCY INC
    14 E 60TH ST 8TH FL
    NEW YORK,NY10022     		N/A PC Re-envisioned Harlem Meer pool and rink 8,499,200
    COLLEGE OF THE ATLANTIC
    105 EDEN ST
    BAR HARBOR,ME04609     		N/A PC General & Unrestricted 200,000
    COLLEGE OF THE ATLANTIC
    105 EDEN ST
    BAR HARBOR,ME04609     		N/A PC Davis UWC Scholars program 25,000
    COLLEGE OF THE ATLANTIC
    105 EDEN ST
    BAR HARBOR,ME04609     		N/A PC to fund the construction of a new academic building 1,000,000
    COLLEGE OF THE ATLANTIC
    105 EDEN ST
    BAR HARBOR,ME04609     		N/A PC General & Unrestricted 2,500,000
    COMMUNITY SCHOOL
    OF MOUNT DESERT ISLAND 585 SOUND DR
    MOUNT DESERT,ME04660     		N/A PC General & Unrestricted 25,000
    COUNCIL ON FOREIGN RELATIONS INC
    58 E 68TH ST
    NEW YORK,NY10065     		N/A PC Security Fellowship 100,000
    DJERASSI RESIDENT ARTISTS PROGRAM
    2325 BEAR GULCH RD
    WOODSIDE,CA94062     		N/A PC General & Unrestricted 25,000
    EARLHAM COLLEGE
    801 NATIONAL RD W
    RICHMOND,IN47374     		N/A PC Davis UWC Scholars Program 2020 1,830,000
    EAST HAMPTON HISTORICAL SOCIETY INC
    101 MAIN ST
    EAST HAMPTON,NY11937     		N/A PC General & Unrestricted 80,000
    EAST HAMPTON HISTORICAL SOCIETY INC
    101 MAIN ST
    EAST HAMPTON,NY11937     		N/A PC Clinton Academy renovation and the Mulford Farm climatized storage barn project 200,000
    EMMA WILLARD SCHOOL
    285 PAWLING AVE
    TROY,NY12180     		N/A PC Davis International Scholars 395,000
    ENERGY INNOVATION REFORM PROJECT
    3100 CLARENDON BLVD STE 200
    ARLINGTON,VA22201     		N/A PC General & Unrestricted 325,000
    FIRST SERVE - NM INC
    PO BOX 31904
    SANTA FE,NM87594     		N/A PC General & Unrestricted 50,000
    FRIENDS OF ACADIA
    PO BOX 45
    BAR HARBOR,ME04609     		N/A PC General & Unrestricted 125,000
    FRIENDS OF ACADIA
    PO BOX 45
    BAR HARBOR,ME04609     		N/A PC Charitable Event 100,000
    FRIENDS OF THE HIGH LINE INC
    820 WASHINGTON ST
    NEW YORK,NY10014     		N/A PC General & Unrestricted 50,000
    FUTURE GENERATIONS UNIVERSITY CORPORATION
    390 RD LESS TRAVELED RD
    FRANKLIN,WV26807     		N/A PC Kathryn W. Davis Peace Scholars Program 400,000
    FUTURE GENERATIONS UNIVERSITY CORPORATION
    390 RD LESS TRAVELED RD
    FRANKLIN,WV26807     		N/A PC development of a global training website teaching applied community resilience 375,000
    GINA GIBNEY DANCE INC
    890 BROADWAY 5TH FL
    NEW YORK,NY10003     		N/A PC Rebuilding Blocks Fund 200,000
    GINA GIBNEY DANCE INC
    890 BROADWAY 5TH FL
    NEW YORK,NY10003     		N/A PC Support dance troupe creation and growth 625,000
    GLOBAL CITIZEN YEAR INCORPORATED
    1625 CLAY ST
    OAKLAND,CA94612     		N/A PC Scholarship Fund 1,000,000
    GLOBAL PARTNERSHIPS
    1932 1ST AVE STE 400
    SEATTLE,WA98101     		N/A PC General & Unrestricted 1,000,000
    GOLDEN GATE NATIONAL PARKS CONSERVANCY
    BLDG 201 FORT MASON
    SAN FRANCISCO,CA94123     		N/A PC General & Unrestricted 500,000
    HARBOR HOUSE COMMUNITY SERVICE CENTER
    PO BOX 836
    SOUTHWEST HBR,ME04679     		N/A PC General & Unrestricted 50,000
    HARVARD BUSINESS SCHOOL
    PO BOX 412275
    BOSTON,MA02241     		N/A PC General & Unrestricted 100,000
    HOLDERNESS SCHOOL
    PO BOX 1879
    PLYMOUTH,NH03264     		N/A PC General & Unrestricted 150,000
    HOLDERNESS SCHOOL
    PO BOX 1879
    PLYMOUTH,NH03264     		N/A PC construction of academic building; building of Mittersill Performance Center; trail, field, and ski and snowboarding venue 3,000,000
    HOOVER INSTITUTION -STANFORD UNIVERSITY
    434 GALVEZ MALL STANFORD UNIV
    STANFORD,CA94305     		N/A PC General & Unrestricted 25,000
    HUDSON HIGHLANDS LAND TRUST INC
    20 NAZARETH WAY
    GARRISON,NY10524     		N/A PC General & Unrestricted 125,000
    INSTITUTE FOR SHIPBOARD EDUCATION - SEMESTER AT SE
    COLORADO STATE UNIVERSITY CAMPUS DE
    FORT COLLINS,CO80523     		N/A PC Scholarship Fund 1,000,000
    INTERNATIONAL HOUSE
    500 RIVERSIDE DR
    NEW YORK,NY10027     		N/A PC Davis Scholars and programming 130,000
    KIEVE-WAVUS EDUCATION INC
    PO BOX 169
    NOBLEBORO,ME04555     		N/A PC Educators in Residence program 200,000
    LAKE FOREST COLLEGE
    555 N SHERIDAN RD
    LAKE FOREST,IL60045     		N/A PC Davis UWC Scholars Program 2020 2,640,000
    LAND TRUST ALLIANCE INCORPORATED
    1250 H ST NW STE 600
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 1,000,000
    LANDPATHS
    618 4TH ST STE 200
    SANTA ROSA,CA95404     		N/A PC General & Unrestricted 2,000,000
    LENSIC PERFORMING ARTS CENTER CORPORATION
    211 W SAN FRANCISCO ST
    SANTA FE,NM87501     		N/A PC General & Unrestricted 200,000
    LEVER INC
    85 MAIN ST STE 218
    NORTH ADAMS,MA01247     		N/A PC General & Unrestricted 25,000
    LEWIS AND CLARK COLLEGE
    615 S PALATINE HILL RD
    PORTLAND,OR97219     		N/A PC Paget-Davis UWC Scholars Scholarship Fund 100,000
    LEWIS AND CLARK COLLEGE
    615 S PALATINE HILL RD
    PORTLAND,OR97219     		N/A PC Davis UWC Scholars Program 2020 1,410,000
    MAINE COAST HERITAGE TRUST
    1 BOWDOIN MILL ISLAND STE 201
    TOPSHAM,ME04086     		N/A PC Fundraising Campaign 2,000,000
    MAINE SEACOAST MISSION
    6 OLD FIREHOUSE LN
    NORTHEAST HARBOR,ME04662     		N/A PC Davis Maine Scholarship Fund 184,300
    MEMORIAL SLOAN-KETTERING CANCER CENTER
    PO BOX 5028
    HAGERSTOWN,MD21741     		N/A PC Davis Family Cancer Initiative, with funds allocated as follows: to support research in the area of Precision Prevention; three endowed programs: - Transformational Opportunities and Breakthroughs: The Society Campaign - An Investment in Basic Science: The Special Projects Committee's Grants for the Sloan Kettering Institute (SKI) - Early Career Discovery: The Society Research Grants Program. Also, to support the Society of MSKCC's Patient Care and Education Programs' endowment 3,333,333
    MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ
    PO BOX 27106
    NEW YORK,NY10087     		N/A PC General & Unrestricted 250,000
    MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ
    PO BOX 27106
    NEW YORK,NY10087     		N/A PC Cycle for Survival and gala fundraising support 175,000
    MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ
    PO BOX 27106
    NEW YORK,NY10087     		N/A PC Scarlett Fund 10,000
    MILTON ACADEMY
    170 CENTRE ST
    MILTON,MA02186     		N/A PC General & Unrestricted 150,000
    MILTON ACADEMY
    170 CENTRE ST
    MILTON,MA02186     		N/A PC Davis International Scholars 265,000
    MOUNT DESERT ISLAND HOSPITAL
    10 WAYMAN LN
    BAR HARBOR,ME04609     		N/A PC one time gift for income shortfall due to COVID-19 100,000
    MT DESERT ISLAND YMCA
    21 PARK ST
    BAR HARBOR,ME04609     		N/A PC General & Unrestricted 200,000
    MUSEUM FOUNDATION OF PACIFIC GROVE INC
    165 FOREST AVE
    PACIFIC GROVE,CA93950     		N/A PC General & Unrestricted 500,000
    NATIONAL DANCE INSTITUTE NEW MEXICO INC
    1140 ALTO ST
    SANTA FE,NM87501     		N/A PC General & Unrestricted 25,000
    NATIONAL PEACE CORPS ASSOCIATION
    1900 L ST NW STE 610
    WASHINGTON,DC20036     		N/A PC general operating support and to the NPCA Community Fund 200,000
    NATURE CONSERVANCY
    830 S ST
    SACRAMENTO,CA95811     		N/A PC the Nobmann Ranch purchase 1,000,000
    NEW YORK BOTANICAL GARDEN
    2900 SOUTHERN BLVD
    BRONX,NY10458     		N/A PC Charitable Event 50,000
    NEW YORK-NEW JERSEY TRAIL CONFERENCE INC
    600 RAMAPO VALLEY RD
    MAHWAH,NJ07430     		N/A PC NYNJTC Trail Steward Program in the Breakneck Ridge area of the Hudson Highlands State Park Preserve 25,000
    NEW YORK-PRESBYTERIAN FUND INC
    850 3RD AVE 12TH FL
    NEW YORK,NY10022     		N/A PC for COVID-19 relief 5,000,000
    NEW YORK-PRESBYTERIAN FUND INC
    850 3RD AVE 12TH FL
    NEW YORK,NY10022     		N/A PC to support the expansion, improvement and accessibility of pediatric and newborn care at the Komansky Children's Hospital and across the Regional Hospital Child Health Network 5,000,000
    ORCA NETWORK
    485 LABELLA VISTA WAY
    FREELAND,WA98249     		N/A PC Orca Sound Network 200,000
    PARTNERS HEALTHCARE SYSTEM INC - THE BRIGHAM AND W
    116 HUNTINGTON AVE 3RD FL
    BOSTON,MA02116     		N/A PC Alzheimer's Prevention Program 5,000,000
    PDX HACKERSPACE
    7600 N INTERSTATE AVE STE 857
    PORTLAND,OR97217     		N/A PC GreenSlate Initiative, which is sponsored by PDX Hackerspace, as seeking to green the tech sector and make it easier for nonprofits to raise funds from donors across the country starting with COVID-19 relief. This starts with the development of the website GreenSlate.us with the coordinating organization Lotus.fm 65,000
    PDX HACKERSPACE
    7600 N INTERSTATE AVE STE 857
    PORTLAND,OR97217     		N/A PC Giving Map.org and Justice Coders 80,000
    PENINSULA OPEN SPACE TRUST
    222 HIGH ST
    PALO ALTO,CA94301     		N/A PC General & Unrestricted 50,000
    PETALUMA RIVER PARK FOUNDATION INC
    222 FAIR ST
    PETALUMA,CA94952     		N/A PC General & Unrestricted 250,000
    PHILHARMONIA FOUNDATION
    6 CHANCEL ST
    LONDON   SE1 0UX
    UK     		N/A PC General & Unrestricted 326,610
    PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE
    700 EXCHANGE ST
    MIDDLEBURY,VT05753     		N/A PC Kathryn W. Davis School of Russian 100,000
    PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE
    700 EXCHANGE ST
    MIDDLEBURY,VT05753     		N/A PC Davis UWC Scholars and for Schoenfeld Scholarship Endowment fund 50,000
    PRESIDENT & TRUSTEES OF COLBY COLLEGE
    4120 MAYFLOWER HILL
    WATERVILLE,ME04901     		N/A PC DavisConnects Initiative 5,000,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    1033 MASSACHUSETTS AVE STE 3
    CAMBRIDGE,MA02138     		N/A PC Davis (MBA 2003) Family Fellowship Fund at Harvard Business School 100,000
    REACH EDUCATION FOUNDATION
    708 GRAVENSTEIN HWY N 203
    SEBASTOPOL,CA95472     		N/A SO I General & Unrestricted 250,000
    RIVERKEEPER INC
    20 SECOR RD
    OSSINING,NY10562     		N/A PC General & Unrestricted 100,000
    SANTA FE INSTITUTE
    1399 HYDE PARK RD
    SANTA FE,NM87501     		N/A PC SFI Davis Scholars Program 333,333
    SANTA FE PREPARATORY SCHOOL
    1101 CAMINO DE LA CRUZ BLANCA
    SANTA FE,NM87505     		N/A PC General & Unrestricted 168,000
    SANTA FE PREPARATORY SCHOOL
    1101 CAMINO DE LA CRUZ BLANCA
    SANTA FE,NM87505     		N/A PC Davis New Mexico Scholars Scholarship Fund 6,153,582
    SCENIC HUDSON INC
    ONE CIVIC CENTER PLZ STE 200
    POUGHKEEPSIE,NY12601     		N/A PC General & Unrestricted 650,000
    SCENIC HUDSON LAND TRUST INC
    1 CIVIC CENTER PLZ STE 200
    POUGHKEEPSIE,NY12601     		N/A SO I Hudson Highland Fjord Trail, including the purchase of Duchess Manor, and to the Bench Trail 8,700,000
    SCOTTS HOUSE
    PO BOX 31279
    SANTA FE,NM87594     		N/A PC General & Unrestricted 70,000
    SEAL HARBOR VILLAGE IMPROVEMENT SOCIETY INC
    PO BOX 171
    SEAL HARBOR,ME04675     		N/A PC General & Unrestricted 12,500
    SEEDS OF PEACE INC
    370 LEXINGTON AVE STE 1201
    NEW YORK,NY10017     		N/A PC General & Unrestricted 150,000
    SKIDMORE COLLEGE
    815 N BROADWAY
    SARATOGA SPGS,NY12866     		N/A PC Davis UWC Scholars 25,000
    SONOMA ACADEMY
    2500 FARMERS LN
    SANTA ROSA,CA95404     		N/A PC for the three endowed programs honoring the retiring head of school, Janet Durgin, and for the BNO Match 6,250,000
    SONOMA STATE UNIVERSITY
    1801 E COTATI AVE
    ROHNERT PARK,CA94928     		N/A PC To fund the work of the Green Center 250,000
    SOUTHAMPTON HOSPITAL FOUNDATION INC
    240 MEETING HOUSE LN
    SOUTHAMPTON,NY11968     		N/A PC construction of East Hampton Emergency Room building 1,500,000
    ST JOHNS COLLEGE IN SANTA FE
    1160 CAMINO CRUZ BLANCA
    SANTA FE,NM87505     		N/A PC Davis UWC Scholars Program 2020 200,000
    STRAWTOWN ART & GARDEN STUDIO
    640 N MIDLAND AVE
    NYACK,NY10960     		N/A PC General & Unrestricted 375,000
    SUNRIDGE CHARTER SCHOOL
    7285 HAYDEN AVE
    SEBASTOPOL,CA95472     		N/A PC General & Unrestricted 50,000
    TAFT SCHOOL CORPORATION
    110 WOODBURY RD
    WATERTOWN,CT06795     		N/A PC Davis International Scholars 580,000
    TEATOWN LAKE RESERVATION INC
    1600 SPRING VALLEY RD
    OSSINING,NY10562     		N/A PC KWD (Katherine Wasserman Davis) center cleaning/maintenence/improvement and for Nature Girls plus General Programming 150,000
    THE FARM SCHOOL INC
    488 MOORE HILL RD
    ATHOL,MA01331     		N/A PC General & Unrestricted 250,000
    THE METROPOLITAN MUSEUM OF ART
    1000 5TH AVE
    NEW YORK,NY10028     		N/A PC Chairman's Council and Chairman's Council Acquisition Fund 120,000
    THE NATURE CONSERVANCY - MAINE CHAPTER
    14 MAINE ST STE 401
    BRUNSWICK,ME04011     		N/A PC in support of the sustainable fisheries initiative and annual support 110,000
    TRUE KIDS 1
    PO BOX 2301
    RANCHOS DE TAOS,NM87557     		N/A PC General & Unrestricted 100,000
    TRUSTEES OF PHILLIPS ACADEMY
    180 MAIN ST
    ANDOVER,MA01810     		N/A PC General & Unrestricted 100,000
    TRUSTEES OF PHILLIPS ACADEMY
    180 MAIN ST
    ANDOVER,MA01810     		N/A PC Davis International Scholars 540,000
    TRUSTEES OF THE LAWRENCEVILLE SCHOOL
    PO BOX 6125
    LAWRENCEVILLE,NJ08648     		N/A PC Shelby M.C. Davis '54 Dean of Enrollment Management Endowment Fund 360,000
    TRUSTEES OF THE LAWRENCEVILLE SCHOOL
    PO BOX 6125
    LAWRENCEVILLE,NJ08648     		N/A PC Davis International Scholars 700,000
    TRUSTEES OF WESTMINSTER SCHOOL INC
    995 HOPMEADOW ST
    SIMSBURY,CT06070     		N/A PC Davis International Scholars 230,000
    UNITED STATES SKI TEAM FOUNDATION
    1 VICTORY LN BOX 100
    PARK CITY,UT84060     		N/A PC General & Unrestricted 20,000
    UNITED STATES SKI TEAM FOUNDATION
    1 VICTORY LN BOX 100
    PARK CITY,UT84060     		N/A PC college Scholarship fund 150,000
    UNITED STATES SKI TEAM FOUNDATION
    1 VICTORY LN BOX 100
    PARK CITY,UT84060     		N/A PC Cross Country National Team 1,000,000
    UNIVERSITY OF CHICAGO
    5801 S ELLIS AVE
    CHICAGO,IL60637     		N/A PC to support study abroad opportunities for Odyssey Scholars and to provide scholarships for Sawiris Scholars who enroll full time in the College 200,000
    UNIVERSITY OF OKLAHOMA FOUNDATION INC
    PO BOX 258856
    OKLAHOMA CITY,OK73125     		N/A PC Davis UWC Scholars Program 2020 5,620,000
    UNIVERSITY OF ROCHESTER
    300 E RIVER RD PO BOX 270032
    ROCHESTER,NY14627     		N/A PC Davis UWC Scholars Program 2020 2,075,000
    UNIVERSITY OF ST ANDREWS AMERICAN FOUNDATION INC
    ALSTONBIRD 1201 W PEACHTREE ST 490
    ATLANTA,GA30309     		N/A PC University of St. Andrews 600th Anniversary Campaign to endow a lectureship in American Literature and to endow The Shelby Cullom Davis Chair in Philosophy 1,000,000
    UNIVERSITY OF VIRGINIA
    PO BOX 400204
    CHARLOTTESVILLE,VA22904     		N/A PC Davis UWC Scholars Program 2020 70,000
    WARTBURG COLLEGE
    100 WARTBURG BLVD
    WAVERLY,IA50677     		N/A PC Davis UWC Scholars Program 2020 1,815,000
    WEST COUNTY HEALTH CENTERS INC
    14045 MILL ST
    GUERNEVILLE,CA95446     		N/A PC General & Unrestricted 500,000
    WEST COUNTY HEALTH CENTERS INC
    14045 MILL ST
    GUERNEVILLE,CA95446     		N/A PC COVID-19 response efforts 250,000
    WILLIAMS COLLEGE
    100 SPRING ST STE 201
    WILLIAMSTOWN,MA01267     		N/A PC in support of the Davis UWC Scholars Program and in support of the Class of 1970 50th Reunion Class 100,000
    YALE UNIVERSITY
    PO BOX 2038
    NEW HAVEN,CT06521     		N/A PC Annual fund 50,000
    YALE UNIVERSITY
    PO BOX 2038
    NEW HAVEN,CT06521     		N/A PC The Davis Family Access Fund 5,000,000
    YEAR UP INC - BAY AREA CHAPTER
    80 SUTTER ST
    SAN FRANCISCO,CA94104     		N/A PC General & Unrestricted 25,000
    Total .................................bullet 3a 143,405,073
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 44,576  
    4 Dividends and interest from securities....     14 38,661,120  
    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 -1,393,159  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 40,355 14 209,158  
    bFederal Tax Refund     01 11,072  
    cLOST DEPOSIT ON PROPERTY ACQUISITION     01 -1,625,000  
    dCLASS ACTION LAWSUIT PROCEEDS     01 647,846  
    eINTEREST INCOME FROM PRIS         122,187
    fFOREIGN CURRENCY EXCHANGE INCOME/(LOSS)     01 -267,270  
    12 Subtotal. Add columns (b), (d), and (e).. 40,355 36,288,343 122,187
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    36,450,885
    (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.)
    11 INCOME EARNED FROM PROGRAM RELATED INVESTMENT LOANS PROVIDED FOR SUBSTANTIVE AND SUSTAINABLE FINANCIAL SERVICES TO IMPOVERISHED INDIVIDUALS IN RURAL AREAS IN PERU.
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit Fees 19,000     19,000

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

    TY 2020 DepreciationSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    FRIENDS OF THE GRADUATE INSTITUTE GENEVA
          		120 VINCENNES RD
    CHARLOTTESVILLE,VA22911     		2019-12-11 250,000 TO SUPPORT THE GRANTEE'S EDUCATIONAL PROGRAM 250,000 NO 9/21/20   NONE NECESSARY
    Fondo De Desarrollo Regional
          		Ave Republica de Argentina N 326
    Arequipa,Urbanizacion La N  
    PE     		2007-11-30 150,000 Provide substantive and sustainable financial services to impoverished individuals in southern Peru   NO See General Explanation Attachment   The grantor has no reason to doubt the accuracy or reliability of the reports from the PRI recipient; therefore, no independent verification of the reports was made.
    Fondo De Desarrollo Regional
          		Ave Republica de Argentina N 326
    Arequipa,Urbanizacion La N  
    PE     		2011-12-02 350,000 Provide substantive and sustainable financial services to impoverished individuals in southern Peru   NO See general explanation attachment   The grantor has no reason to doubt the accuracy or reliability of the reports from the PRI recipient; therefore, no independent verification of the reports was made.
    FINCA Peru
          		Domingo Casanova 151
    Lima,Lince  
    PE     		2012-12-13 325,000 Provide substantive and sustainable financial services to impoverished individuals in southern peru   NO See General Explanation Attachment   The grantor has no reason to doubt the accuracy or reliability of the reports from the PRI recipient; therefore, no independent verification of the reports was made.
    FINCA Peru
          		Domingo Casanova 151
    Lima,Lince  
    PE     		2015-09-02 500,000 Provide substantive and sustainable financial services to impoverished individuals in southern peru   NO See General Explanation Attachment   The grantor has no reason to doubt the accuracy or reliability of the reports from the PRI recipient; therefore, no independent verification of the reports was made.
    FINCA Peru
          		Domingo Casanova 151
    Lima,Lince  
    PE     		2019-11-01 400,000 Provide substantive and sustainable financial services to impoverished individuals in southern Peru   NO See General Explanation Attachment   The grantor has no reason to doubt the accuracy or reliability of the reports from the PRI recipient; therefore, no independent verification of the reports was made.
    Finca Peru
          		Domingo Casanova 151
    Lima,Lince  
    PE     		2020-04-16 500,000 Provide substantive and sustainable financial services to impoverished individuals in southern Peru   NO See General Explanation Attachment   The grantor has no reason to doubt the accuracy or reliability of the reports from the PRI recipient; therefore, no independent verification of the reports was made.

    TY 2020 GeneralExplanationAttachment
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Identifier Return Reference Explanation
    FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY (CONT.) PRI RECIPIENT: Fondo De Desarrollo Regional DATE OF PRI: 11/30/2007 PURPOSE OF PRI: Provide substantive and sustainable financial services to impoverished individuals in southern rural Peru. REPORTS OF AMOUNTS EXPENDED: Fondo De Desarrollo Regional submitted reports of its expenditure of the loan funds on 9/8/08, 3/16/09, 4/24/10, 5/3/11, 8/20/12, 10/31/13, 4/30/14, 3/18/15, 4/13/16, 5/25/17, 7/4/18, 6/28/19, 5/25/20, and 8/3/21. Funds used by Fondo De Desarrollo Regional are expended as loans and recovered as loans are repaid. Amounts received as repayments are then loaned out again. Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the loan was originally made.
    ORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY (CONT.) PRI RECIPIENT: Fondo De Desarrollo Regional DATE OF PRI: 12/2/2011 PURPOSE OF PRI: Provide substantive and sustainable financial services to impoverished individuals in southern rural Peru. REPORTS OF AMOUNTS EXPENDED: Fondo De Desarrollo Regional submitted reports of its expenditure of the loan funds on 9/8/08, 3/16/09, 4/24/10, 5/3/11, 8/20/12, 10/31/13, 4/30/14, 3/18/15, 4/13/16, 5/25/17, 7/4/18, 6/28/19, 5/25/20, and 8/3/21. Funds used by Fondo De Desarrollo Regional are expended as loans and recovered as loans are repaid. Amounts received as repayments are then loaned out again. Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the loan was originally made.
    FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY (CONT.) PRI Recipient: FINCA Peru Date of PRI: 12/13/2012 Purpose of PRI: Provide substantive and sustainable financial services to impoverished individuals in southern rural Peru. Reports of Amounts Expended: FINCA Peru submitted reports of its expenditure of the loan funds on 12/19/13, 4/30/14, 3/13/15, 2/2/16, 4/7/17, 7/27/18, 7/17/19, 6/1/20, and 8/9/21. Funds used by FINCA Peru are expended as loans are recovered as loans are repaid. Amounts received as repayments are then loaned out again. Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the loan was originally made.
    FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY (CONT.) PRI Recipient: FINCA Peru Date of PRI: 9/2/2015 Purpose of PRI: Provide substantive and sustainable financial services to impoverished individuals in southern rural Peru. Reports of Amounts Expended: FINCA Peru submitted reports of its expenditure of the loan funds on 2/2/16, 4/7/17, 7/27/18, 7/11/19, 6/1/20, and 8/9/21. Funds used by FINCA Peru are expended as loans and recovered as loans are repaid. Amounts received as repayments are then loaned out again. Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the loan was originally made.
    FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY (CONT.) PRI Recipient: FINCA Peru Date of PRI: 11/1/2019 Purpose of PRI: Provide substantive and sustainable financial services to impoverished individuals in southern rural Peru. Reports of Amounts Expended: FINCA Peru submitted reports of its expenditure of the loan funds on 6/1/20 and 8/9/21. Funds used by FINCA Peru are expended as loans and recovered as loans are repaid. Amounts received as repayments are then loaned out again. Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the loan was originally made. made. made.
    FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY (CONT.) FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY (CONT.) PRI Recipient: FINCA Peru Date of PRI: 4/16/20 Purpose of PRI: Provide substantive and sustainable financial services to impoverished individuals in southern rural Peru. Reports of Amounts Expended: FINCA Peru submitted reports of its expenditure of the loan funds on 8/9/21. Funds used by FINCA Peru are expended as loans and recovered as loans are repaid. Amounts received as repayments are then loaned out again. This investment was completely repaid by the grantee and removed from the foundation's books during 2020. Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the loan was originally made. made. made.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T INC - 3.289% - 07/15/2021 501,557 502,278
    BURLINGTON NORTH SF - 4.575% - 31,897 31,936
    CAPITAL ONE NA SR - 2.189% - 0 1,202,962 1,208,541
    CVS HEALTH - 3.875% - 07/20/20 377,538 424,691
    CVS HEALTH CORP NOTE - 5.000% 1,045,532 1,149,608
    EBAY INC - 2.248% - 01/30/2023 1,605,190 1,616,416
    FREDDIE MAC - 2.000% - 10/25/2 1,478,191 1,476,397
    GE CAPITAL CORP - 1.321% - 04/ 1,083,185 1,080,024
    ISHARES BARCLAYS GNMA BOND FUN 1,059,190 1,046,118
    ORACLE CORP NOTE CALL - 1.900% 1,771,894 1,792,874
    THORNBURG MTG INC NT - 8.000% 496,082 1,042,250
    VERIZON COMMUNICATIONS INC - 2 1,663,599 1,668,196

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACADIA RLTY TR 631,438 367,081
    AIA GROUP LTD ADR 4,431,731 5,389,561
    AIA GROUP LTD. 88,797,489 108,526,792
    ALEXANDRIA REAL ESTATE EQUITIE 630,176 867,931
    ALIBABA GROUP HOLDING LTD 86,452,368 122,759,489
    ALLEGHANY CP 6,844,047 7,322,760
    ALPHABET INC CL A 21,574,508 50,447,990
    ALPHABET INC CL C 69,485,246 147,601,146
    AMAZON COM 34,659,823 120,822,332
    AMERICAN CAMPUS COMMUNITIES 762,856 733,890
    AMERICAN EXPRESS CO 37,689,218 71,523,343
    AMERICAN HOMES 4 RENT 395,762 479,100
    APPLIED MATERIALS INC 70,267,614 154,620,431
    APTIV PLC 2,177,483 3,974,366
    AVALONBAY CMNTYS INC 955,605 853,808
    BAIDU.COM - ADR 9,049,579 9,974,719
    BANK NEW YORK MELLON CORP COM 78,960,503 72,265,941
    BANK OF AMERICA CORP 13,651,611 15,467,799
    BANK OF NT BUTTERFIELD AND SON 43,880,621 35,026,956
    BERKSHIRE HATHAWAY INC DEL CL 78,081,671 128,691,550
    BERKSHIRE HATHAWAY INC. CLASS 20,480,947 25,076,972
    BOSTON PPTYS INC 930,868 737,712
    BRIXMOR PPTY GROUP INC COM 896,927 1,027,259
    CAMDEN PPTY TR 832,354 896,782
    CAPITAL ONE FINANCIAL CORP 135,647,437 179,452,389
    CARRIER GLOBAL 34,375,292 87,250,207
    CHARLES SCHWAB CORP 5,050,595 7,946,453
    CHINA INDEX HOLDINGS LIMITED 7,288,484 4,296,911
    CHUBB LIMITED 27,317,802 34,181,322
    CIGNA CORPORATION 19,301,395 22,391,008
    CORESITE REALTY CORPORATION 410,753 504,878
    COUSINS PROPERTIES INC 734,609 697,671
    CROWN CASTLE INTL 595,605 817,441
    CTRIP.COM INTERNATIONAL LTD 12,259,005 9,765,611
    CVS CAREMARK CORP 22,072,852 18,792,745
    DANSKE BK A/S SPONS ADR 88,849,123 74,846,006
    DBS GROUP HOLDINGS LTD 92,423,458 91,411,678
    DIGITAL RLTY TR INC 532,902 651,512
    DNB ASA 70,630,666 93,353,863
    DOUGLAS EMMETT INC 696,659 534,578
    EASTGROUP PROPERTIES INC 119,049 193,836
    EATON CORP PLC 3,340,421 5,521,995
    EQUINIX, INC 871,093 1,485,494
    EQUITY RESIDENTIAL PPTYS TR 824,906 738,629
    ESSEX PRTY TR INC 1,096,670 1,076,937
    EVEREST RE GROUP LTD 2,009,812 2,563,520
    EXTRA SPACE STORAGE 456,234 615,564
    FACEBOOK INC 50,065,221 94,893,326
    FANG HOLDINGS LIMITED 4,339,565 488,363
    FEDERAL RLTY INVT TR 762,746 499,740
    FERGUSON PLC COMMON STOCK 31,209,556 53,067,874
    FERGUSON PLC SPON ADR 2,501,336 4,073,743
    FILA HOLDINGS CORP 12,090,909 13,524,633
    FIXED INC CLEARING CORP REPO - 152,516,001 152,516,000
    GREENLIGHT CAP RE CL A ORD 2,539,438 1,377,423
    HEALTHPEAK PROPERTIES INC 684,864 729,752
    HIGHWOODS PRPTY INC 409,046 428,400
    HOLLYSYS AUTOMATION TECHNOLOGI 46,153,485 36,994,194
    HOST HOTELS & RESORTS INC 988,042 924,016
    HUDSON PACIFIC PROPERTIES INC 1,096,336 825,567
    HUMANA INC 2,982,156 4,410,403
    IAC INTERACTIVE CORP 34,011,709 50,857,517
    INTEL CORP 59,464,635 62,270,516
    IQIYI, INC 11,497,045 10,673,463
    JD.COM, INC 29,621,520 104,039,759
    JOHNSON CONTROLS INTERNATIONAL 5,516,591 7,921,931
    JP MORGAN CHASE 60,928,803 91,382,518
    JULIUS BAER GROUP 49,912,859 56,920,793
    LIBERTY GLOBAL PLC - SERIES C 11,470,211 8,781,103
    LIBERTY TRIPADVISOR HOLDINGS, 1,088,709 193,742
    LIFE STORAGE, INC 419,965 546,806
    LOEWS CORP 14,411,675 16,531,794
    MARKEL CORP 25,153,633 29,225,857
    MEITUAN DIANPING CLASS B 8,607,622 25,503,157
    METRO BANK PLC 20,113,583 6,216,979
    MICROSOFT CORP 8,172,901 19,801,385
    NASPERS LTD 90,813,205 91,374,223
    NEW ORIENTAL ED & TECHNOLOGY G 61,202,293 167,105,251
    NOAH HOLDINGS LTD 10,660,281 16,801,438
    ORACLE CORP 2,018,378 2,818,543
    ORASCOM CONSTRUCTION LTD 2,292,048 1,586,002
    OWENS CORNING 5,073,866 8,832,858
    PNC FINANCIAL GROUP INC 9,126,653 14,088,546
    PROLOGIS 1,265,775 1,994,097
    PROSUS NV EUR 34,955,414 47,578,163
    PUBLIC STORAGE INC 1,338,978 1,447,700
    QORVO INC 5,903,017 11,682,130
    QUEST DIAGNOSTICS 31,764,419 42,479,577
    QUOTIENT TECHNOLOGY INC 9,226,087 6,873,614
    RAYTHEON TECHNOLOGIES CORP 76,989,445 89,176,045
    RETAIL OPPORTUNITY INVESTMENTS 438,017 355,451
    REXFORD INDUSTRIAL REALTY INC 812,766 1,272,047
    ROCK-TENN CO. 2,531,162 2,553,786
    SAP AKTIENGESELL ADS 1,698,999 2,295,516
    SCHNEIDER ELECTRIC SA 26,190,325 50,733,591
    SIMON PPTY GROUP INC 540,268 686,845
    SL GREEN REALTY CORP 337,233 229,979
    SUNSTONE HOTEL INVESTORS, INC 676,643 590,973
    TERRENO RLTY CORPCOM 756,224 1,254,162
    TEXAS INSTRUMENTS INC 28,030,540 60,390,156
    TOKYO ELECTRON LTD OLD 11,812,374 16,995,593
    UNITEDHEALTH GROUP INC 7,018,792 10,871,080
    US BANCORP 66,757,975 75,065,249
    USD CYRUSONE INC 701,941 739,547
    VENTAS INC 819,054 765,514
    VIATRIS ORD SHS 24,131,732 25,911,048
    VMWARE INC 1,501,845 1,479,743
    VORNADO RLTY TR 409,345 240,731
    WELLS FARGO & CO 198,732,433 145,530,103
    WELLTOWER INC. 1,104,003 1,274,306
    YIRENDAI LTD 11,380,365 1,814,088

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    US Government Securities - End of Year Book Value:

    7,473,698
    US Government Securities - End of Year Fair Market Value:

    7,544,142
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    U.S.A. FUND, LLLP   6,783,304 6,346,078
    WORLD TOTAL RETURN FUND, LLLP   19,157,088 14,841,472

    TY 2020 LegalFeesSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Document Review/Drafting 3,036     3,036
    General Consultations 2,471     2,471


    TY 2020 OtherAssetsSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI-FINCA PERU   325,000 325,000
    PRI-FONDO DE DESARROLLO RGNL   150,000 150,000
    PRI-FONDO DE DESARROLLO RGNL#3   350,000 350,000
    PRI-FINCA PERU 2022   400,000 400,000
    PRI-FINCA PERU 2015   500,000 500,000
    PRI-G.P./ELEOS SOC VENTURE FD   250,000 250,000
    PRI-G.P./ELEOS SV FD #2   318,500 318,500
    PRI-GLOBAL PARTNERSHIPS   1,750,000 1,750,000


    TY 2020 OtherExpensesSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 164,000     164,000
    K-1 Exp U.S.A. FUND, LLLP 78,553 78,459    
    K-1 Exp WORLD TOTAL RETURN FUN 185,168 184,666    
    Postage/Delivery Service 2,295     2,295
    State or Local Filing Fees 25     25


    TY 2020 OtherIncomeSchedule2
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss U.S.A. FUND, LLLP 179,780 135,076  
    K-1 Inc/Loss WORLD TOTAL RETURN FUND, LLLP 69,733 74,081  
    Class Action Lawsuit Proceeds 647,846 647,846  
    Federal Tax Refund 11,072    
    FOREIGN CURRENCY EXCHANGE INCOME/(LOSS) -267,270 -267,270  
    INTEREST INCOME FROM PRIS 122,187 122,187 122,187
    lost deposit on property acquisition -1,625,000    


    TY 2020 OtherIncreasesSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Description Amount
    RETURNED GRANTS 326,610


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 566,224 566,224    
    BOARDING SCHL PRGRM CONSULTING 42,000     42,000
    PHILANTH MICROFINANCE CONSULTG 20,000     20,000
    LAND CONSERVATION CONSULTING 56,000     56,000


    TY 2020 TaxesSchedule
    Name:
    Shelby Cullom Davis Charitable Fund Inc
    EIN:
    20-3734688
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 439,400      
    990-T Extension for 2019 4,700      
    990-T Income Tax for 2019 3,377