Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
JOE E DAVIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)114 W 47TH ST NY8-114-07-07 AFT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100361510
A Employer identification number

75-2497580
B Telephone number (see instructions)

(888) 866-3275
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$2,460,149J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 50,895 50,502  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,967
b Gross sales price for all assets on line 6a 967,539
7 Capital gain net income (from Part IV, line 2)... 11,967
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 62,862 62,469  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 2,500 0 0 2,500
c Other professional fees (attach schedule).... Click to see attachment 14,305 8,583   5,722
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,398 369   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 42 19   23
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,245 8,971 0 8,245
25 Contributions, gifts, grants paid....... 95,400 95,400
26 Total expenses and disbursements. Add lines 24 and 25 113,645 8,971 0 103,645
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -50,783
b Net investment income (if negative, enter -0-) 53,498
c Adjusted net income (if negative, enter -0-)... 0
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............. 6,313 7,518 7,518
2 Savings and temporary cash investments......... 52,620 23,319 23,319
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 528,454 Click to see attachment474,402 660,388
c Investments—corporate bonds (attach schedule)....... 151,689 Click to see attachment152,466 171,721
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,126,714 Click to see attachment1,157,612 1,597,203
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,865,790 1,815,317 2,460,149
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow 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........ 1,865,790 1,815,317
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,865,790 1,815,317
30 Total liabilities and net assets/fund balances (see instructions). 1,865,790 1,815,317
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
1,865,790
2
Enter amount from Part I, line 27a .....................
2
-50,783
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
797
4
Add lines 1, 2, and 3 ..........................
4
1,815,804
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
487
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,815,317
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 1000. AT&T INC   2018-09-28 2020-08-12
b 1000. AT&T INC   2020-07-28 2020-08-12
c 5. AIR PRODUCTS & CHEMICALS INC   2020-02-06 2020-11-03
d 5. AIR PRODUCTS & CHEMICALS INC   2020-02-05 2020-11-03
e 52. ALTRIA GROUP INC   2017-11-20 2020-11-03
1. APPLE INC   2018-02-07 2020-02-05
22. APPLE INC   2018-02-08 2020-02-05
40. APPLE INC   2018-02-08 2020-07-23
9. APPLE INC   2018-02-26 2020-09-02
2. APPLE INC   2018-02-28 2020-09-02
32. APPLE INC   2018-02-08 2020-09-02
51. APPLE INC   2018-02-27 2020-09-02
34. APPLE INC   2018-02-08 2020-11-03
1000. BANK OF MONTREAL   2016-10-28 2020-10-19
17. BERKSHIRE HATHAWAYINC   2016-09-02 2020-11-03
7. BLACKROCK INC CL A   2016-09-02 2020-11-03
968. BLACKROCK LIQUIDITY FUNDS T-FUND   2019-08-15 2020-03-12
1000. BOEING CO   2019-07-31 2020-01-16
2000. BP CAP MARKETS AMERICA   2018-12-17 2020-07-09
296. CARNIVAL CORP   2016-09-02 2020-03-13
19. CARNIVAL CORP   2016-09-29 2020-03-13
31. CARNIVAL CORP   2016-09-30 2020-03-13
35. CARNIVAL CORP   2016-10-03 2020-03-13
24. CARNIVAL CORP   2016-10-04 2020-03-13
1. CARNIVAL CORP   2018-11-30 2020-03-13
36. CARNIVAL CORP   2018-12-17 2020-03-13
68. CARNIVAL CORP   2018-12-18 2020-03-16
19. CHEVRON CORP   2016-09-02 2020-11-03
25. CINCINNATI FINANCIAL CORP   2017-11-20 2020-11-03
72. CISCO SYSTEMS INCORPORATED   2016-09-02 2020-11-03
33. COCA-COLA CO/THE   2016-09-02 2020-11-03
19. CROWN CASTLE INTERNATIONAL CORP   2017-11-20 2020-11-03
28. XTRACKERS USD HIGH YIELD   2019-01-16 2020-01-14
67. DELTA AIR LINES INC   2019-04-02 2020-04-27
20. DELTA AIR LINES INC   2019-04-03 2020-04-27
84. DELTA AIR LINES INC   2019-04-08 2020-04-28
54. DELTA AIR LINES INC   2019-04-05 2020-04-28
74. DELTA AIR LINES INC   2019-04-04 2020-04-28
74. DELTA AIR LINES INC   2019-04-03 2020-04-28
21. DIAGEO SPONSORED ADR (UK-USD) SEDOL #2133896   2016-09-02 2020-11-03
42. DOMINION ENERGY INC COM   2016-09-02 2020-11-03
60. FASTENAL CO   2018-11-13 2020-09-02
40. FASTENAL CO   2018-11-14 2020-09-02
35. FASTENAL CO   2018-11-14 2020-09-03
54. FASTENAL CO   2018-11-14 2020-09-04
18. FASTENAL CO   2018-11-15 2020-09-08
29. FASTENAL CO   2018-11-14 2020-09-08
30. FASTENAL CO   2018-11-15 2020-11-03
26. FASTENAL CO   2018-11-16 2020-11-03
82.92 FNMA PBH9215 03 50%2048   2020-01-27 2020-01-27
66.79 FNMA PBH9215 03 50%2048   2020-02-25 2020-02-25
81.7 FNMA PBH9215 03 50%2048   2020-03-25 2020-03-25
174.75 FNMA PBH9215 03 50%2048   2020-04-27 2020-04-27
256.47 FNMA PBH9215 03 50%2048   2020-05-26 2020-05-26
228.38 FNMA PBH9215 03 50%2048   2020-06-25 2020-06-25
279.53 FNMA PBH9215 03 50%2048   2020-07-27 2020-07-27
261.29 FNMA PBH9215 03 50%2048   2020-08-25 2020-08-25
236.17 FNMA PBH9215 03 50%2048   2020-09-25 2020-09-25
269.14 FNMA PBH9215 03 50%2048   2020-10-26 2020-10-26
250.9 FNMA PBH9215 03 50%2048   2020-11-25 2020-11-25
231.22 FNMA PBH9215 03 50%2048   2020-12-28 2020-12-28
1. FIRST TR EXCHANGE TRADED   2015-01-15 2020-03-20
6. FIRST TR EXCHANGE TRADED   2014-08-01 2020-03-20
15. FIRST TR EXCHANGE TRADED   2015-01-15 2020-05-12
17. FIRST TR EXCHANGE TRADED   2018-03-28 2020-05-12
20. FRANKLIN RES INC COM   2018-11-28 2020-11-03
22. FRANKLIN RES INC COM   2018-11-29 2020-11-03
4469. GOLDMAN SACHS ETF TRUST   2019-05-22 2020-03-31
1000. HSBC HOLDINGS PLC   2017-05-19 2020-06-09
1000. HSBC HOLDINGS PLC   2016-05-05 2020-06-09
1000. HEWLETT-PACKARD CO   2017-01-27 2020-07-01
57. INTEL CORPORATION   2016-09-02 2020-11-03
9. INVESCO PREFERRED ETF   2018-03-06 2020-01-14
38. INVESCO PREFERRED ETF   2015-10-20 2020-01-14
1. INVESCO PREFERRED ETF   2016-12-23 2020-01-14
1. INVESCO PREFERRED ETF   2018-07-24 2020-01-14
7. INVESCO EMERGING MARKETS   2018-03-06 2020-01-14
6. INVESCO EMERGING MARKETS   2017-10-24 2020-01-14
51. INVESCO EMERGING MARKETS   2015-06-18 2020-01-14
1. ISHARES TIPS BOND ETF   2018-07-24 2020-01-14
16. ISHARES TIPS BOND ETF   2017-11-20 2020-01-14
28. ISHARES CORE S&P 500 ETF   2016-08-15 2020-05-15
14. ISHARES IBOXX $ INVT GRADE CORP BD   2015-10-20 2020-01-14
1. ISHARES IBOXX $ INVT GRADE CORP BD   2015-11-11 2020-03-12
6. ISHARES IBOXX $ INVT GRADE CORP BD   2015-10-20 2020-03-12
1. ISHARES IBOXX $ INVT GRADE CORP BD   2017-05-17 2020-04-14
1. ISHARES NASDAQ BIOTECH ETF   2016-04-20 2020-01-14
10. ISHARES NASDAQ BIOTECH ETF   2016-04-20 2020-03-20
18. ISHARES NASDAQ BIOTECH ETF   2016-04-20 2020-05-12
1. ISHARES NASDAQ BIOTECH ETF   2016-05-18 2020-05-12
11. ISHARES IBOXX$ HIGH YIEL   2016-06-22 2020-01-14
1. ISHARES IBOXX$ HIGH YIEL   2018-07-24 2020-01-14
2. ISHARES IBOXX$ HIGH YIEL   2017-11-20 2020-01-14
7. ISHARES MBS ETF   2019-01-16 2020-01-14
2. ISHARES MBS ETF   2016-04-20 2020-01-14
2. ISHARES MBS ETF   2017-05-17 2020-01-14
31. ISHARES MBS ETF   2017-11-20 2020-01-14
3. ISHARES MBS ETF   2018-03-06 2020-01-14
3. ISHARES MBS ETF   2019-06-13 2020-01-14
1. ISHARES MBS ETF   2018-07-24 2020-01-14
10. ISHARES CORE MSCI EAFE ETF   2018-03-06 2020-04-14
9. ISHARES CORE MSCI EMERGING MARKETS ETF   2016-12-23 2020-01-14
164. ISHARES CORE MSCI EMERGING MARKETS ETF   2016-05-18 2020-01-14
244. ISHARES CORE MSCI EMERGING MARKETS ETF   2019-05-22 2020-02-07
666. ISHARES CORE MSCI EMERGING MARKETS ETF   2017-06-01 2020-02-07
57. ISHARES CORE MSCI EMERGING MARKETS ETF   2017-01-23 2020-04-14
6. ISHARES CORE MSCI EMERGING MARKETS ETF   2016-12-23 2020-04-14
99. ISHARES CORE MSCI EMERGING MARKETS ETF   2017-01-24 2020-04-14
25. ISHARES CORE MSCI EMERGING MARKETS ETF   2017-01-24 2020-08-12
1876. JOHN HANCOCK MULTI-FACTOR LARGE CAP ETF   2018-12-10 2020-03-31
27. JOHN HANCOCK MULTI-FACTOR LARGE CAP ETF   2019-01-17 2020-03-31
14. JOHNSON & JOHNSON   2018-07-31 2020-11-03
10. JOHNSON & JOHNSON   2018-08-01 2020-11-03
23. KINDER MORGAN INC/DE   2017-11-20 2020-04-27
109. KINDER MORGAN INC/DE   2017-11-20 2020-04-28
217. KINDER MORGAN INC/DE   2017-11-20 2020-04-29
175. KINDER MORGAN INC/DE   2017-11-20 2020-04-30
28. LOWES COMPANIES INC COM   2016-09-02 2020-11-03
38. MERCK AND CO INC SHS   2016-09-02 2020-11-03
17. MICROSOFT CORPORATION   2016-09-02 2020-11-03
22. NESTLE S A SPONSORED ADR   2018-11-29 2020-11-03
29. NINTENDO LTD ADR   2020-09-02 2020-11-03
16. NORFOLK SOUTHERN CORP   2016-09-02 2020-11-03
9. PACCAR INC   2018-03-01 2020-02-05
16. PACCAR INC   2018-03-01 2020-02-06
13. PACCAR INC   2018-03-01 2020-02-07
21. PACCAR INC   2018-03-01 2020-02-10
25. PACCAR INC   2018-03-01 2020-02-11
20. PACCAR INC   2018-03-01 2020-02-12
10. PACCAR INC   2018-08-17 2020-02-13
1. PACCAR INC   2018-03-01 2020-02-13
17. PACCAR INC   2018-08-20 2020-02-14
4. PACCAR INC   2018-08-17 2020-02-14
4. PACCAR INC   2018-08-21 2020-02-14
32. PACCAR INC   2018-08-22 2020-02-14
2. PACCAR INC   2018-11-30 2020-02-14
32. PAYCHEX INC   2016-09-02 2020-11-03
71. PFIZER INC   2016-09-02 2020-11-03
7. PHILIP MORRIS INTERNATIONAL INC   2017-02-17 2020-11-03
3. PHILIP MORRIS INTERNATIONAL INC   2017-02-22 2020-11-03
14. PHILIP MORRIS INTERNATIONAL INC   2017-02-21 2020-11-03
303. S&P DEPOSITARY RECEIPTS SERIES 1   2016-08-15 2020-05-15
470. SPDR S&P DIVIDEND ETF   2016-08-15 2020-03-31
12. SPDR S&P DIVIDEND ETF   2019-01-17 2020-05-15
433. SPDR S&P DIVIDEND ETF   2016-08-15 2020-05-15
13. SPDR S&P INSURANCE ETF   2018-03-06 2020-04-14
14. SPDR S&P INSURANCE ETF   2018-03-06 2020-05-12
9. SPDR S&P INSURANCE ETF   2018-03-06 2020-08-12
17. SPDR S&P INSURANCE ETF   2018-03-06 2020-10-14
16. SPDR S&P INSURANCE ETF   2019-06-13 2020-10-14
10. SPDR S&P INSURANCE ETF   2020-01-14 2020-10-14
11. SPDR S&P INSURANCE ETF   2020-03-20 2020-10-14
57. SPDR S&P MIDCAP 400 ETF TRUST   2018-12-10 2020-03-31
90. SPDR S&P MIDCAP 400 ETF TRUST   2020-02-07 2020-05-15
46. SPDR S&P MIDCAP 400 ETF TRUST   2018-12-10 2020-05-15
13. HEALTH CARE SELECT SPDR   2014-08-01 2020-03-20
3. HEALTH CARE SELECT SPDR   2014-08-01 2020-08-12
7. CONSUMER DISCRETIONARY SPDR   2016-05-18 2020-08-12
3. CONSUMER DISCRETIONARY SPDR   2016-05-18 2020-10-14
12. CONSUMER DISCRETIONARY SPDR   2016-09-23 2020-10-14
7. ENERGY SELECT SECTOR SPDR FUND   2016-04-20 2020-04-14
3. ENERGY SELECT SECTOR SPDR FUND   2016-07-25 2020-04-14
6. ENERGY SELECT SECTOR SPDR FUND   2017-05-17 2020-05-12
20. ENERGY SELECT SECTOR SPDR FUND   2016-07-25 2020-05-12
3. ENERGY SELECT SECTOR SPDR FUND   2016-09-23 2020-05-12
11. ENERGY SELECT SECTOR SPDR FUND   2017-05-17 2020-08-12
12. SPDR US FINANCIAL SECTOR ETF   2016-05-18 2020-04-14
64. SPDR US FINANCIAL SECTOR ETF   2016-04-20 2020-04-14
13. SPDR US FINANCIAL SECTOR ETF   2016-05-18 2020-08-12
13. SPDR US FINANCIAL SECTOR ETF   2017-05-17 2020-08-12
59. SPDR US FINANCIAL SECTOR ETF   2018-03-06 2020-08-12
9. COMM SERVICES SELECT   2018-10-18 2020-03-20
11. COMM SERVICES SELECT   2018-10-18 2020-08-12
3. REAL ESTATE SELECT SECTOR SPDR FUND   2017-11-20 2020-03-20
61. REAL ESTATE SELECT SECTOR SPDR FUND   2018-03-06 2020-05-12
21. REAL ESTATE SELECT SECTOR SPDR FUND   2017-11-20 2020-05-12
8. REAL ESTATE SELECT SECTOR SPDR FUND   2018-03-06 2020-08-12
23. REAL ESTATE SELECT SECTOR SPDR FUND   2018-03-06 2020-10-14
1. REAL ESTATE SELECT SECTOR SPDR FUND   2018-07-24 2020-10-14
10. REAL ESTATE SELECT SECTOR SPDR FUND   2020-01-14 2020-10-14
3. REAL ESTATE SELECT SECTOR SPDR FUND   2020-04-14 2020-10-14
21. UTILITIES SELECT SECTOR SPDR FUND   2018-03-06 2020-03-12
26. UTILITIES SELECT SECTOR SPDR FUND   2018-03-06 2020-05-12
4. UTILITIES SELECT SECTOR SPDR FUND   2018-03-06 2020-08-12
10. UTILITIES SELECT SECTOR SPDR FUND   2020-01-14 2020-10-14
1. UTILITIES SELECT SECTOR SPDR FUND   2020-03-20 2020-10-14
4. UTILITIES SELECT SECTOR SPDR FUND   2020-04-14 2020-10-14
4. UTILITIES SELECT SECTOR SPDR FUND   2019-01-16 2020-10-14
1. UTILITIES SELECT SECTOR SPDR FUND   2018-07-24 2020-10-14
2. UTILITIES SELECT SECTOR SPDR FUND   2018-03-06 2020-10-14
9. UTILITIES SELECT SECTOR SPDR FUND   2019-09-12 2020-10-14
20. TARGET CORP   2017-05-11 2020-11-03
15. TEXAS INSTRUMENTS INC   2018-11-28 2020-11-03
12. TEXAS INSTRUMENTS INC   2018-11-29 2020-11-03
9. UNITED PARCEL SERVICE CL B   2018-01-16 2020-11-03
15. UNITED PARCEL SERVICE CL B   2018-01-12 2020-11-03
1000. U.S. TREASURY BOND   2019-10-30 2020-03-31
2000. U.S. TREASURY BOND   2019-10-18 2020-03-31
1000. U.S. TREASURY NOTE   2018-05-18 2020-01-15
4000. U.S. TREASURY NOTE   2018-05-16 2020-01-15
3000. U.S. TREASURY NOTE   2019-03-06 2020-06-04
1000. U.S. TREASURY NOTE   2019-03-11 2020-06-04
1000. U.S. TREASURY NOTE   2019-09-10 2020-04-13
4000. U.S. TREASURY NOTE   2019-06-04 2020-04-13
1000. U.S. TREASURY NOTE   2019-10-30 2020-04-13
3000. U.S. TREASURY NOTE   2015-12-08 2020-01-15
2000. U.S. TREASURY NOTE   2016-03-10 2020-02-10
1000. U.S. TREASURY NOTE   2015-12-08 2020-02-10
1000. U.S. TREASURY NOTE   2018-05-18 2020-04-20
2000. U.S. TREASURY NOTE   2016-03-10 2020-04-20
1000. U.S. TREASURY NOTE   2016-06-16 2020-05-06
1000. U.S. TREASURY NOTE   2016-06-16 2020-05-18
1000. U.S. TREASURY NOTE   2018-05-18 2020-05-18
1000. U.S. TREASURY NOTE   2016-10-07 2020-05-29
2000. U.S. TREASURY NOTE   2020-01-15 2020-11-20
2000. U.S. TREASURY NOTE   2020-03-12 2020-04-01
2000. U.S. TREASURY NOTE   2020-03-31 2020-04-13
2000. U.S. TREASURY NOTE   2020-03-31 2020-05-29
1000. U.S. TREASURY NOTE   2020-07-07 2020-07-15
2000. U.S. TREASURY NOTE   2020-07-07 2020-08-26
20. VANECK VECTORS J.P   2016-06-22 2020-01-14
5. VANGUARD INTERMEDIATE-TERM BOND ETF   2018-03-06 2020-01-14
1. VANGUARD INTERMEDIATE-TERM BOND ETF   2018-07-24 2020-01-14
9. VANGUARD INTERMEDIATE-TERM BOND ETF   2017-11-20 2020-01-14
2. VANGUARD CONSUMER STAPLES ETF   2017-07-19 2020-03-20
2. VANGUARD CONSUMER STAPLES ETF   2017-10-24 2020-03-20
3. VANGUARD CONSUMER STAPLES ETF   2017-07-21 2020-03-20
1. VANGUARD CONSUMER STAPLES ETF   2015-03-17 2020-03-20
2. VANGUARD CONSUMER STAPLES ETF   2016-09-23 2020-03-20
4. VANGUARD CONSUMER STAPLES ETF   2017-07-17 2020-03-20
2. VANGUARD CONSUMER STAPLES ETF   2017-07-18 2020-03-20
8. VANGUARD CONSUMER STAPLES ETF   2017-12-05 2020-05-12
28. VANGUARD CONSUMER STAPLES ETF   2018-03-06 2020-05-12
5. VANGUARD CONSUMER STAPLES ETF   2018-03-06 2020-08-12
23. VANGUARD INDUSTRIALS ETF   2014-08-01 2020-05-12
13. VANGUARD INDUSTRIALS ETF   2014-08-01 2020-08-12
1. VANGUARD INFORMATION TECHNOLOGY ETF   2016-05-18 2020-03-20
4. VANGUARD MATERIALS ETF   2018-03-06 2020-03-12
14. VANGUARD MATERIALS ETF   2018-03-06 2020-04-14
1. VANGUARD MATERIALS ETF   2018-03-06 2020-08-12
22. VANGUARD SHORT-TERM CORPORATE BOND ETF   2019-01-16 2020-01-14
5. VANGUARD SHORT-TERM CORPORATE BOND ETF   2019-01-16 2020-03-12
1. VANGUARD SHORT-TERM CORPORATE BOND ETF   2019-01-16 2020-03-20
12. VANGUARD SHORT-TERM CORPORATE BOND ETF   2019-01-16 2020-08-12
550. VANGUARD S&P 500 ETF   2016-08-15 2020-03-31
192. VANGUARD VALUE ETF   2020-02-07 2020-03-31
5. VANGUARD VALUE ETF   2019-01-17 2020-03-31
617. VANGUARD VALUE ETF   2016-11-14 2020-03-31
2. VANGUARD SMALL-CAP ETF   2020-01-14 2020-04-14
4. VANGUARD SMALL-CAP ETF   2020-01-14 2020-05-12
4. VANGUARD SMALL-CAP ETF   2020-01-14 2020-08-12
41. VERIZON COMMUNICATIONS INC   2017-11-20 2020-11-03
.14 VIATRIS INC   2016-09-02 2020-11-20
7.32 VIATRIS INC   2019-09-05 2020-12-14
8.31 VIATRIS INC   2019-09-04 2020-12-14
1.12 VIATRIS INC   2018-11-30 2020-12-14
48.25 VIATRIS INC   2016-09-02 2020-12-14
290. WELLS FARGO COMPANY   2016-09-02 2020-09-30
6. WELLS FARGO COMPANY   2018-11-30 2020-10-01
76. WELLS FARGO COMPANY   2016-10-14 2020-10-01
77. WELLS FARGO COMPANY   2016-10-13 2020-10-01
49. WELLS FARGO COMPANY   2016-09-02 2020-10-01
1000. WESTPAC BANKING CORP   2017-06-22 2020-06-18
1000. UNITED TECHNOLOGIES   2018-10-15 2020-05-19
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,089   954 135
b 1,089   1,107 -18
c 1,458   1,250 208
d 1,458   1,248 210
e 1,944   3,443 -1,499
321   160 161
7,065   3,520 3,545
15,334   6,401 8,933
1,221   403 818
271   90 181
4,340   1,280 3,060
6,917   2,287 4,630
3,763   1,360 2,403
1,014   991 23
3,563   2,557 1,006
4,410   2,612 1,798
968   968  
1,013   1,005 8
2,095   1,981 114
5,050   13,723 -8,673
324   919 -595
529   1,514 -985
597   1,722 -1,125
409   1,183 -774
17   60 -43
614   2,024 -1,410
1,056   3,858 -2,802
1,368   1,916 -548
1,871   1,834 37
2,667   2,286 381
1,640   1,438 202
3,067   2,032 1,035
1,418   1,356 62
1,499   3,708 -2,209
447   1,142 -695
1,956   4,841 -2,885
1,258   3,124 -1,866
1,723   4,223 -2,500
1,723   4,224 -2,501
2,824   2,430 394
3,536   3,130 406
2,980   1,637 1,343
1,987   1,117 870
1,655   978 677
2,501   1,508 993
795   507 288
1,280   810 470
1,376   846 530
1,193   743 450
83   83  
67   67  
82   82  
175   175  
256   256  
228   228  
280   280  
261   261  
236   236  
269   269  
251   251  
231   231  
113   58 55
678   350 328
2,346   867 1,479
2,659   2,011 648
402   665 -263
442   736 -294
102,919   125,400 -22,481
1,038   1,021 17
1,038   1,020 18
1,049   1,021 28
2,573   2,052 521
136   132 4
575   559 16
15   14 1
15   15  
207   198 9
178   177 1
1,511   1,409 102
117   112 5
1,877   1,823 54
7,947   6,175 1,772
1,800   1,634 166
122   117 5
732   700 32
130   120 10
121   94 27
1,007   937 70
2,442   1,686 756
136   88 48
971   924 47
88   86 2
177   175 2
759   734 25
217   218 -1
217   214 3
3,362   3,301 61
325   312 13
325   321 4
108   104 4
523   665 -142
495   374 121
9,012   6,511 2,501
12,729   11,897 832
34,745   33,440 1,305
2,441   2,555 -114
257   249 8
4,240   4,471 -231
1,330   1,129 201
60,837   63,595 -2,758
876   905 -29
1,970   1,853 117
1,407   1,325 82
346   368 -22
1,658   1,742 -84
3,415   3,468 -53
2,676   2,797 -121
4,609   2,147 2,462
2,965   2,382 583
3,524   978 2,546
2,560   1,882 678
2,014   2,029 -15
3,533   1,502 2,031
702   630 72
1,241   1,120 121
984   910 74
1,579   1,469 110
1,891   1,749 142
1,531   1,400 131
754   670 84
75   70 5
1,265   1,159 106
298   268 30
298   272 26
2,381   2,168 213
149   124 25
2,752   1,951 801
2,589   2,462 127
510   724 -214
219   313 -94
1,021   1,457 -436
85,765   66,436 19,329
37,862   40,589 -2,727
980   1,111 -131
35,346   37,394 -2,048
350   404 -54
355   435 -80
270   280 -10
506   528 -22
476   542 -66
298   356 -58
327   246 81
15,052   18,382 -3,330
25,549   33,750 -8,201
13,059   14,834 -1,775
1,048   790 258
320   182 138
1,005   541 464
466   232 234
1,865   958 907
235   468 -233
101   201 -100
230   408 -178
766   1,338 -572
115   207 -92
423   749 -326
270   242 28
1,438   1,319 119
328   262 66
328   303 25
1,489   1,704 -215
370   420 -50
656   514 142
87   101 -14
1,924   1,853 71
662   704 -42
289   243 46
839   699 140
36   32 4
365   388 -23
109   105 4
1,163   1,038 125
1,444   1,285 159
245   198 47
636   647 -11
64   49 15
255   241 14
255   211 44
64   51 13
127   99 28
573   571 2
3,161   1,132 2,029
2,219   1,465 754
1,775   1,173 602
1,472   1,198 274
2,454   2,006 448
1,388   1,152 236
2,776   2,325 451
1,013   998 15
4,053   3,986 67
3,475   2,982 493
1,158   998 160
1,083   1,030 53
4,332   4,052 280
1,083   1,025 58
3,059   3,052 7
2,041   2,040 1
1,021   1,016 5
1,032   1,004 28
2,063   2,034 29
1,013   1,003 10
1,013   1,003 10
1,013   961 52
1,013   993 20
2,175   1,993 182
2,170   2,146 24
2,005   2,005  
2,008   2,005 3
998   998  
1,997   1,996 1
679   684 -5
438   407 31
88   81 7
789   757 32
261   282 -21
261   276 -15
392   423 -31
131   125 6
261   275 -14
523   562 -39
261   281 -20
1,179   1,161 18
4,128   3,900 228
821   696 125
2,682   2,278 404
1,909   1,288 621
195   105 90
374   548 -174
1,506   1,918 -412
135   137 -2
1,784   1,723 61
395   392 3
73   78 -5
996   940 56
131,889   110,663 21,226
17,316   23,116 -5,800
451   509 -58
55,646   55,067 579
250   335 -85
532   670 -138
636   670 -34
2,378   1,885 493
2   2  
128   112 16
145   125 20
19   22 -3
841   705 136
6,814   14,639 -7,825
140   325 -185
1,774   3,418 -1,644
1,797   3,439 -1,642
1,144   2,474 -1,330
1,038   1,000 38
1,103   994 109
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       135
b       -18
c       208
d       210
e       -1,499
      161
      3,545
      8,933
      818
      181
      3,060
      4,630
      2,403
      23
      1,006
      1,798
       
      8
      114
      -8,673
      -595
      -985
      -1,125
      -774
      -43
      -1,410
      -2,802
      -548
      37
      381
      202
      1,035
      62
      -2,209
      -695
      -2,885
      -1,866
      -2,500
      -2,501
      394
      406
      1,343
      870
      677
      993
      288
      470
      530
      450
       
       
       
       
       
       
       
       
       
       
       
       
      55
      328
      1,479
      648
      -263
      -294
      -22,481
      17
      18
      28
      521
      4
      16
      1
       
      9
      1
      102
      5
      54
      1,772
      166
      5
      32
      10
      27
      70
      756
      48
      47
      2
      2
      25
      -1
      3
      61
      13
      4
      4
      -142
      121
      2,501
      832
      1,305
      -114
      8
      -231
      201
      -2,758
      -29
      117
      82
      -22
      -84
      -53
      -121
      2,462
      583
      2,546
      678
      -15
      2,031
      72
      121
      74
      110
      142
      131
      84
      5
      106
      30
      26
      213
      25
      801
      127
      -214
      -94
      -436
      19,329
      -2,727
      -131
      -2,048
      -54
      -80
      -10
      -22
      -66
      -58
      81
      -3,330
      -8,201
      -1,775
      258
      138
      464
      234
      907
      -233
      -100
      -178
      -572
      -92
      -326
      28
      119
      66
      25
      -215
      -50
      142
      -14
      71
      -42
      46
      140
      4
      -23
      4
      125
      159
      47
      -11
      15
      14
      44
      13
      28
      2
      2,029
      754
      602
      274
      448
      236
      451
      15
      67
      493
      160
      53
      280
      58
      7
      1
      5
      28
      29
      10
      10
      52
      20
      182
      24
       
      3
       
      1
      -5
      31
      7
      32
      -21
      -15
      -31
      6
      -14
      -39
      -20
      18
      228
      125
      404
      621
      90
      -174
      -412
      -2
      61
      3
      -5
      56
      21,226
      -5,800
      -58
      579
      -85
      -138
      -34
      493
       
      16
      20
      -3
      136
      -7,825
      -185
      -1,644
      -1,642
      -1,330
      38
      109
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 11,967
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................................ 1 744
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 0
3 Add lines 1 and 2........................... 3 744
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- ..... 5 744
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,636
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,636
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 892
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet744 RefundedBullet 11 148
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 ofbulletBANK OF AMERICA NA Telephone no.bullet (888) 866-3275

    Located atbullet114 WEST 47TH STREET NY8-114-07-07NEW YORKNY ZIP+4bullet100361510
    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? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOE E DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    BILLIE J DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    JOE BOB DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    BO S DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    DAVID C DAVIS DIRECTOR
    1     		0    
    PO BOX 5467
    ABILENE,TX79608
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (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
    2,188,742
    b
    Average of monthly cash balances.......................
    1b
    40,727
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,229,469
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,229,469
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    33,442
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,196,027
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    109,801
    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
    109,801
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    744
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    744
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    109,057
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    109,057
    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
    109,057
    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
    103,645
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    103,645
    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
    103,645
    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 7 109,057
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 96,824
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 103,645
    a Applied to 2019, but not more than line 2a 96,824
    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 2020 distributable amount..... 6,821
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		102,236
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    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).)
    JOE E DAVIS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    ECCA VOLUNTEER FIRE DEPARTMENT
    349 CR 278
    TUSCOLA,TX79562     		N/A PC UNRESTRICTED GENERAL 1,000
    TEXAS SENTINELS
    PO BOX 941549
    HOUSTON,TX770302604     		N/A PC UNRESTRICTED GENERAL -1,500
    SALVATION ARMY
    615 SLATERS LN
    ALEXANDRIA,VA22314     		N/A PC UNRESTRICTED GENERAL 4,000
    TEXAS SENTINELS FOUNDATION INC
    PO BOX 941549
    HOUSTON,TX77094     		N/A PC SUPPORT FOR WOUNDED 1,500
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS ROAD
    KANSAS CITY,MO64129     		N/A PC UNRESTRICTED GENERAL 10,000
    SAMARITAN'S PURSE
    PO BOX 3000
    BOONE,NC28607     		N/A PC UNRESTRICTED GENERAL 5,500
    METHODIST CHILDREN'S HOME
    1111 HERRING AVENUE
    WACO,TX76708     		N/A PC UNRESTRICTED GENERAL 3,500
    TEXAS HEART INSTITUTE
    6770 BERTNER AVE C
    HOUSTON,TX77030     		N/A PC UNRESTRICTED GENERAL 1,000
    UNITED WAY OF ABILENE
    240 CYPRESS
    ABILENE,TX79601     		N/A PC UNRESTRICTED GENERAL 2,500
    ABILENE BOYS RANCH
    501 BEN RICHEY DRIVE
    ABILENE,TX79602     		N/A PC UNRESTRICTED GENERAL 3,600
    BOYS & GIRLS CLUBS OF ABILENE INC
    4610 N 10TH STREET
    ABILENE,TX79603     		N/A PC UNRESTRICTED GENERAL 6,000
    ALLIANCE FOR WOMEN & CHILDREN
    1350 N 10TH STREET
    ABILENE,TX79601     		N/A PC UNRESTRICTED GENERAL 4,500
    KENLEY SCHOOL
    1434 MATADOR STREET
    ABILENE,TX79605     		N/A PC EDUCATIONAL 16,000
    NOAH PROJECT INC
    5802 TEXAS AVENUE
    ABILENE,TX79605     		N/A PC UNRESTRICTED GENERAL 4,000
    HENDRICK HOSPICE CARE INC
    PO BOX 3117
    ABILENE,TX79604     		N/A PC UNRESTRICTED GENERAL 3,000
    ABILENE GOODWILL INDUSTRIES INC
    2200 N 1ST STREET
    ABILENE,TX79603     		N/A PC UNRESTRICTED GENERAL 1,500
    BELTWAY PARK CHURCH
    4009 BELTWAY SOUTH
    ABILENE,TX79606     		N/A PC SUPPORT FOR PRISON MINISTRY 4,750
    DISABILITY RESOURCES INC
    PO BOX 1880
    ABILENE,TX79604     		N/A PC UNRESTRICTED GENERAL 4,800
    MULBERRY CANYON VOLUNTEER FIRE DEPT
    PO BOX 277
    MERKEL,TX795360277     		N/A PC UNRESTRICTED GENERAL 1,500
    VIEW VOLUNTEER FIRE DEPARTMENT
    108 GRAND AVENUE
    ABILENE,TX796066016     		N/A PC UNRESTRICTED GENERAL 500
    MINISTERS MENTORING & COUNSELING SERVICE
    PO BOX 6226
    ABILENE,TX79608     		N/A PC UNRESTRICTED GENERAL 12,000
    LOVE & CARE MINISTRIES
    233 FANNIN STREET
    ABILENE,TX79603     		N/A PC UNRESTRICTED GENERAL 2,000
    ABILENE WOMAN'S CLUB FDN
    3425 S 14TH STREET
    ABILENE,TX79605     		N/A PC UNRESTRICTED GENERAL 2,000
    POTOSI VOLUNTEER FIRE DEPARTMENT
    1622 KEY LANE
    ABILENE,TX796025530     		N/A PC UNRESTRICTED GENERAL 250
    WYLIE UNITED METHODIST CHURCH
    1401 FM 1378
    WYLIE,TX75098     		N/A PC UNRESTRICTED GENERAL 1,500
    Total .................................bullet 3a 95,400
    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 ...........     		         
    4 Dividends and interest from securities....     14 50,895  
    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 11,967  
    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)..   62,862  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    62,862
    (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 (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:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 2,500     2,500

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Name of Bond End of Year Book Value End of Year Fair Market Value
    94974BGH7 WELLS FARGO & COMPAN 2,007 2,174
    037833AZ3 APPLE INC 1,884 2,158
    61746BDQ6 MORGAN STANLEY 2,975 3,323
    912828QN3 U.S. TREASURY NOTE    
    06406HCS6 BANK OF NEW YORK MEL 2,007 2,193
    02209SBB8 ALTRIA GROUP INC 2,089 2,184
    912810RU4 U.S. TREASURY BOND 6,809 8,943
    912828R77 U.S. TREASURY NOTE    
    92343VCQ5 VERIZON COMMUNICATIO 948 1,248
    92857WBJ8 VODAFONE GROUP PLC 1,001 1,144
    05574LFY9 BNP PARIBAS 971 1,063
    06367TJX9 BANK OF MONTREAL    
    172967KJ9 CITIGROUP INC 1,000 1,172
    21685WDD6 USD RABOBANK UTRECHT 1,020 1,040
    25152R5F6 USD DEUTSCHE BANK AG 970 1,009
    80282KAW6 SANTANDER HOLDINGS U 1,021 1,080
    912810SF6 U.S. TREASURY BOND 2,560 2,638
    912828G38 U.S. TREASURY NOTE    
    9128284P2 U.S. TREASURY NOTE    
    961214DQ3 WESTPAC BANKING CORP    
    023135BF2 AMAZON.COM INC 1,147 1,247
    036752AG8 ANTHEM INC 1,005 1,182
    20030NBX8 COMCAST CORP 2,960 3,227
    26884LAE9 EQT CORP 965 1,008
    31359MGK3 FEDERAL NATL MTG ASS 4,954 6,056
    46647PAU0 JPMORGAN CHASE & CO 2,998 3,254
    581557BJ3 MCKESSON CORP 1,002 1,166
    822582AD4 SHELL INTERNATIONAL 1,073 1,555
    855244AQ2 STARBUCKS CORP 994 1,138
    912810RT7 U.S. TREASURY BOND 1,811 2,283
    10922NAC7 BRIGHTHOUSE FINANCIA 1,960 2,175
    38148YAC2 GOLDMAN SACHS GROUP 2,002 2,041
    00206RCN0 AT&T INC    
    437076BN1 HOME DEPOT INC 1,004 1,078
    912828T34 U.S. TREASURY NOTE    
    9128286B1 U.S. TREASURY NOTE 7,382 8,036
    913017DB2 UNITED TECHNOLOGIES    
    927804FU3 VIRGINIA ELEC & POWE 1,004 1,109
    00287YAQ2 ABBVIE INC 2,071 2,228
    046353AL2 ASTRAZENECA PLC 1,004 1,123
    428236BV4 HEWLETT-PACKARD CO    
    097023CN3 BOEING CO    
    10112RAY0 BOSTON PROPERTIES LP 993 1,090
    126650CX6 CVS HEALTH CORP 2,144 2,380
    14040HBT1 CAPITAL ONE FINANCIA 2,000 2,197
    29273RBD0 ENERGY TRANSFER PART 955 1,097
    883556BN1 THERMO FISHER SCIENT 1,018 1,055
    912810QT8 U.S. TREASURY BOND 2,877 3,924
    912810SA7 U.S. TREASURY BOND 6,410 7,876
    10373QAJ9 BP CAP MARKETS AMERI    
    24422ETG4 JOHN DEERE CAPITAL C 2,986 3,166
    3140GYGZ6 FNMA PBH9215 03 50% 3,460 3,676
    36962G4B7 GENERAL ELEC CAP COR 1,148 1,472
    404280AK5 HSBC HOLDINGS PLC    
    459200HF1 IBM CORP 2,740 3,718
    686330AH4 ORIX CORP 1,003 1,036
    86787EBE6 SUNTRUST BANK 2,018 2,066
    912810QW1 U.S. TREASURY BOND 8,305 10,289
    912810RJ9 U.S. TREASURY BOND 3,053 3,883
    912810RM2 U.S. TREASURY BOND 3,311 3,892
    928563AB1 VMWARE INC 1,000 1,037
    23291KAG0 DH EUROPE FINANCE II 1,002 1,060
    26441CAN5 DUKE ENERGY CORP 996 1,101
    37045XBT2 GENERAL MOTORS FINL 1,029 1,138
    494550BS4 KINDER MORGAN ENER P 2,007 2,190
    126408HE6 CSX CORP 984 1,093
    172967JT9 CITIGROUP INC 1,009 1,143
    30219GAM0 EXPRESS SCRIPTS HOLD 1,036 1,160
    370334CF9 GENERAL MILLS INC 985 1,130
    65339KBR0 NEXTERA ENERGY CAPIT 2,044 2,097
    912828YS3 U.S. TREASURY NOTE 6,973 7,565
    912810SN9 U.S. TREASURY BOND 1,913 1,814
    912810SP4 U.S. TREASURY BOND 4,808 4,683
    67066GAF1 NVIDIA CORP 1,049 1,125
    025816BS7 AMERICAN EXPRESS CO 1,036 1,064
    30161NAX9 EXELON CORP 1,020 1,183
    92556HAA5 VIACOMCBS INC 1,060 1,161
    191216CU2 COCA-COLA CO/THE 1,989 2,066
    609207AT2 MONDELEZ INTERNATION 1,051 1,098
    65473PAK1 NISOURCE INC 2,002 2,012
    04686JAA9 ATHENE HOLDINGS LTD 1,111 1,114
    40434LAB1 HP INC 2,135 2,207
    45866FAL8 INTERCONTINENTALEXCH 2,019 2,120
    961214EH2 WESTPAC BANKING CORP 1,053 1,074
    10373QBJ8 BP CAP MARKETS AMERI 1,083 1,100
    29364GAM5 ENTERGY CORP 1,997 1,999
    30231GBH4 EXXON MOBIL CORPORAT 1,056 1,095

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Name of Stock End of Year Book Value End of Year Fair Market Value
    084670702 BERKSHIRE HATHAWAYIN 27,382 34,781
    704326107 PAYCHEX INC 12,047 18,170
    594918104 MICROSOFT CORP COM 8,220 29,359
    458140100 INTEL CORPORATION 13,297 18,334
    718172109 PHILIP MORRIS INTERN 15,376 14,488
    655844108 NORFOLK SOUTHERN COR 11,621 27,088
    58933Y105 MERCK AND CO INC SHS 16,426 21,350
    548661107 LOWES COMPANIES INC 14,759 28,250
    191216100 COCA-COLA CO/THE 8,763 11,023
    166764100 CHEVRONTEXACO CORP 17,765 15,623
    49456B101 KINDER MORGAN INC/DE    
    09247X101 BLACKROCK INC 16,385 31,026
    92343V104 VERIZON COMMUNICATIO 16,932 20,445
    87612E106 TARGET CORP 7,756 23,478
    143658300 CARNIVAL CORP    
    949746101 WELLS FARGO & CO NEW    
    25746U109 DOMINION ENERGY INC 19,289 19,402
    25243Q205 DIAGEO PLC SPON ADR 17,188 22,710
    02209S103 ALTRIA GROUP INC 20,620 15,867
    17275R102 CISCO SYSTEMS INC 13,918 19,466
    172062101 CINCINNATI FINANCIAL 11,190 13,280
    717081103 PFIZER INC 17,506 19,325
    22822V101 CROWN CASTLE INTERNA 15,626 22,764
    354613101 FRANKLIN RESOURCES I 10,570 8,097
    037833100 APPLE INC 12,610 38,215
    478160104 JOHNSON & JOHNSON 25,954 29,745
    693718108 PACCAR INC    
    641069406 NESTLE S A SPONSORED 12,604 17,081
    911312106 UNITED PARCEL SERVIC 18,383 25,428
    882508104 TEXAS INSTRUMENTS IN 21,774 32,662
    311900104 FASTENAL CO 11,250 18,897
    247361702 DELTA AIR LINES INC    
    009158106 AIR PRODUCTS & CHEMI 20,034 21,584
    654445303 NINTENDO LTD ADR 19,509 22,224
    20030N101 COMCAST CORP 19,648 20,226

    TY 2020 InvestmentsOtherSchedule2
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    381430107 GOLDMAN SACHS ETF TR      
    922908363 VANGUARD S&P 500 ETF AT COST 67,078 114,449
    464287176 ISHARES TIPS BOND ET      
    464288588 ISHARES MBS ETF      
    46432F842 ISHARES CORE MSCI EA AT COST 59,515 63,977
    81369Y209 HEALTH CARE SELECT S AT COST 15,633 20,760
    233051432 XTRACKERS USD HIGH Y      
    92204A207 VANGUARD CONSUMER ST AT COST 10,522 12,522
    47804J107 JOHN HANCOCK MULTI-F      
    46434G103 ISHARES CORE MSCI EM AT COST 23,428 29,779
    81369Y886 UTILITIES SELECT SEC      
    92189H300 VANECK VECTORS J.P      
    921937819 VANGUARD INTERMEDIAT      
    92204A702 VANGUARD INFORMATION AT COST 21,070 39,624
    78464A789 SPDR S&P INSURANCE E      
    922908744 VANGUARD VALUE ETF      
    464287242 ISHARES IBOXX INVEST AT COST 2,443 2,763
    81369Y506 ENERGY SELECT SECTOR AT COST 3,464 2,501
    92204A801 VANGUARD MATERIALS E AT COST 2,549 2,982
    78467Y107 SPDR S&P MIDCAP 400      
    81369Y605 FINANCIAL SELECT SEC AT COST 17,742 19,811
    92206C409 VANGUARD SHORT-TERM AT COST 1,500 1,582
    543495741 LOOMIS SAYLES SECURI AT COST 117,109 116,316
    92204A603 VANGUARD INDUSTRIALS AT COST 10,002 15,129
    464287200 ISHARES CORE S&P 500 AT COST 61,447 103,608
    78462F103 SPDR S&P 500 ETF TRU AT COST 81,379 114,781
    33733E302 FIRST TR EXCHANGE TR AT COST 6,195 9,338
    46138E511 INVESCO PREFERRED ET      
    464287556 ISHARES NASDAQ BIOTE AT COST 4,857 7,423
    464288513 ISHARES IBOXX$ HIGH      
    81369Y860 REAL ESTATE SELECT S      
    543495758 LOOMIS SAYLES HI INC AT COST 25,268 26,566
    78464A763 SPDR S&P DIVIDEND ET      
    46138E784 INVESCO EMERGING MAR      
    81369Y407 CONSUMER DISCRETIONA AT COST 13,541 20,419
    81369Y852 COMM SERVICES SELECT AT COST 17,347 24,428
    316092865 FIDELITY MSCI UTILIT AT COST 1,749 1,745
    46090E103 INVESCO QQQ TRUST SE AT COST 156,152 246,913
    78468R663 SPDR BLOOMBERG BARCL AT COST 1,190 1,190
    46137V241 INVESCO S&P 500 QUAL AT COST 130,020 165,113
    74347B169 PROSHARES ONLINE RET AT COST 2,177 2,351
    33734X192 FIRST TRUST CLOUD CO AT COST 6,701 9,978
    922908751 VANGUARD SMALL-CAP E AT COST 16,764 20,636
    69374H741 PACER BENCHMARK DATA AT COST 1,208 1,183
    381430503 GOLDMAN SACHS ETF TR AT COST 120,062 171,741
    464287101 ISHARES S&P 100 ETF AT COST 159,500 227,595

    TY 2020 OtherDecreasesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Description Amount
    ACCRUED INTEREST C/O 14
    TAX COST ADJ 473


    TY 2020 OtherExpensesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES-DIVIDEND I 19 19   0
    OTHER EXPENSE (NON-DEDUCTIBLE 23 0   23


    TY 2020 OtherIncreasesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Description Amount
    TYE INCOME ADJ 797


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 14,305 8,583   5,722


    TY 2020 TaxesSchedule
    Name:
    JOE E DAVIS FOUNDATION
    EIN:
    75-2497580
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 332 332   0
    EXCISE TAX ESTIMATES 1,029 0   0
    FOREIGN TAXES ON NONQUALIFIED 37 37   0