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
THE CARL A DAVIS AND LOIS E DAVIS
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)8822 STABLE CREST BOULEVARD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HOUSTON, TX77024
A Employer identification number

37-1648116
B Telephone number (see instructions)

(713) 572-1122
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$59,174,335J 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) 3,264,230
2 Check bullet.............
3 Interest on savings and temporary cash investments 109,074 109,074  
4 Dividends and interest from securities... 742,930 742,930  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -3,572,000
b Gross sales price for all assets on line 6a 115,676,904
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 236 236  
12 Total. Add lines 1 through 11........ 544,470 852,240  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,712 1,712   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 868,763 770,829   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 870,475 772,541   0
25 Contributions, gifts, grants paid....... 10,791,125 10,791,125
26 Total expenses and disbursements. Add lines 24 and 25 11,661,600 772,541   10,791,125
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -11,117,130
b Net investment income (if negative, enter -0-) 79,699
c Adjusted net income (if negative, enter -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............. 2,580,456 11,394,707 11,394,707
2 Savings and temporary cash investments.........      
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)      
b Investments—corporate stock (attach schedule)....... 34,783,610 Click to see attachment6,470,090 6,940,571
c Investments—corporate bonds (attach schedule)....... 999,970 Click to see attachment39,441,668 39,876,541
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 32,031,401 Click to see attachment1,732,188 962,516
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) 70,395,437 59,038,653 59,174,335
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 70,395,437 59,038,653
29 Total net assets or fund balances (see instructions)..... 70,395,437 59,038,653
30 Total liabilities and net assets/fund balances (see instructions). 70,395,437 59,038,653
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
70,395,437
2
Enter amount from Part I, line 27a .....................
2
-11,117,130
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
59,278,307
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
239,654
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
59,038,653
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 KKR LENDING PARTNERS P   2020-12-31
b PIMCO BRAVO ONSHORE P   2020-12-31
c PIMCO BRAVO OFFSHORE P   2020-12-31
d PIMCO BRAVO OFFSHORE P   2020-12-31
e STEPHENS 0119 -OWL ROCK     2020-03-24
STEPHENS 0119 - OWL ROCK     2020-03-24
STEPHENS 0135 - ST COVERED     2020-12-31
STEPHENS 0135 - LT COVERED     2020-12-26
KKR LENDING PARTNERS P   2020-12-31
STEPHENS 2660 - ST COVERED     2020-12-31
STEPHENS 2660 - LT COVERED     2020-12-31
STEPHENS 4298 - INVESTORS REAL ESATE E TR COM NEW     2020-03-24
STEPHENS 4298 - ST COVERED     2020-12-31
STEPHENS 4298 - LT COVERED     2020-12-31
STEPHENS 4314 - AMCOR PLC REGISTERED SHS     2020-03-12
STEPHENS 4314 - BRITISH AMERN TOB PL C SPONSORED ADR     2020-03-24
STEPHENS 4314 - CISCO SYSTEMS INC     2020-03-24
STEPHENS 4314 - ENBRIDGE INC COM     2020-03-24
STEPHENS 4314 - MERCK & CO INC NEW COM     2020-03-24
STEPHENS 4314 - PNC FINL SVCS GROUP INC COM     2020-03-24
STEPHENS 4314 - ROYAL DUTCH SHELL PL C SPONSORED ADR REPS TG B SHS     2020-03-18
STEPHENS 4314 - VERIZON COMMUNICATIONS INC COM     2020-03-11
STEPHENS 4314 - ST COVERED     2020-12-31
STEPHENS 4314 - BRITISH AMERN TOB PL C SPONSORED ADR     2020-03-24
STEPHENS 4314 - PNC FINL SVCS GROUP INC COM     2020-03-24
STEPHENS 4314 - UNITED PARCEL SVC INC CL B     2020-03-11
STEPHENS 4314 - VENTAS INC COM     2020-03-11
STEPHENS 4314 - VODAFONE GROUP PLC NEW SPONSORED ADR NO PAR     2020-03-11
STEPHENS 4314 - LT COVERED     2020-12-31
STEPHENS 4355 - BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO FUND CLAS     2020-03-24
STEPHENS 4355 - ST COVERED     2020-12-31
STEPHENS 4355 - BLACKROCK HIGH YIELD BOND PORTFOLIO FUND INSTITUTIONAL CLASS     2020-03-24
STEPHENS 4355 - EATON VANCE FLOATING-RATE ADVANTAGE FD CLASS I     2020-03-24
STEPHENS 4355 - FIDELITY ADVISOR NEW MARKETS INCOME FUND CLASS I     2020-03-24
STEPHENS 2660 - MAINGATE MLP FUND INSTITUTIONAL CLASS     2020-03-24
STEPHENS 2660 - ISHARES TR PFD & INC OME SECS ETF     2020-03-24
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,350     2,350
b     10,944 -10,944
c 1     1
d 24,281     24,281
e 183,512   289,029 -105,517
28,660   46,085 -17,425
21,552,298   22,101,584 -549,286
17,118,891   14,213,585 2,905,306
    229,217 -229,217
4,773,903   4,809,928 -36,025
844,126   1,358,311 -514,185
42,766   57,332 -14,566
605,177   826,794 -221,617
1,987,229   2,029,199 -41,970
71,849   103,386 -31,537
42,684   47,485 -4,801
91,753   102,047 -10,294
151,286   197,817 -46,531
52,117   56,670 -4,553
81,852   77,499 4,353
74,515   146,872 -72,357
71,077   76,662 -5,585
1,326,896   1,642,527 -315,631
89,788   100,374 -10,586
63,062   84,840 -21,778
147,846   169,839 -21,993
67,851   136,343 -68,492
111,991   222,319 -110,328
3,863,794   4,261,270 -397,476
4,415,079   4,763,756 -348,677
49,415,679   51,039,257 -1,623,578
1,983,917   2,278,130 -294,213
3,479,168   4,081,715 -602,547
2,027,753   2,446,013 -418,260
337,235   469,286 -132,051
500,173   772,789 -272,616
46,345     46,345
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,350
b       -10,944
c       1
d       24,281
e       -105,517
      -17,425
      -549,286
      2,905,306
      -229,217
      -36,025
      -514,185
      -14,566
      -221,617
      -41,970
      -31,537
      -4,801
      -10,294
      -46,531
      -4,553
      4,353
      -72,357
      -5,585
      -315,631
      -10,586
      -21,778
      -21,993
      -68,492
      -110,328
      -397,476
      -348,677
      -1,623,578
      -294,213
      -602,547
      -418,260
      -132,051
      -272,616
      46,345
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 -3,572,000
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 1,108
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 1,108
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 1,108
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 30,000
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 30,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 9
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 28,883
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet28,883 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 addressbulletN/A
    14
    The books are in care ofbulletCARL A DAVIS Telephone no.bullet (713) 572-1122

    Located atbullet8822 STABLE CREST BLVDHOUSTONTX ZIP+4bullet77024
    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
    CARL A DAVIS DIRECTOR
    1.00     		0 0 0
    8822 STABLE CREST
    HOUSTON,TX77024
    LOIS E DAVIS DIRECTOR
    1.00     		0 0 0
    8822 STABLE CREST
    HOUSTON,TX77024
    CHARLOTTE DAVIS LAKER DIRECTOR
    1.00     		0 0 0
    2920 HARLANWOOD DRIVE
    FORT WORTH,TX76109
    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.........................bullet0
    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
    15,547,063
    b
    Average of monthly cash balances.......................
    1b
    19,626,846
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    35,173,909
    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
    35,173,909
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    527,609
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    34,646,300
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,732,315
    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
    1,732,315
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,108
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,108
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,731,207
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,731,207
    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
    1,731,207
    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
    10,791,125
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    10,791,125
    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
    10,791,125
    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 1,731,207
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 866,280
    d From 2018...... 944,206
    e From 2019...... 1,385,076
    fTotal of lines 3a through e........ 3,195,562
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 10,791,125
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,731,207
    e Remaining amount distributed out of corpus 9,059,918
    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 12,255,480
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 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 ......     		12,255,480
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 866,280
    c Excess from 2018.... 944,206
    d Excess from 2019.... 1,385,076
    e Excess from 2020.... 9,059,918
    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).)
    CARL A DAVIS
    LOIS 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
    ACADEMY OF THE SACRED HEART
    10202 MEMORIAL DR
    HOUSTON,TX77024     		  PUBLIC CHARITY OPERATING SUPPORT 20,000
    ALLIANCE DEFENDING FREEDOM
    15100 N 90TH STREET
    SCOTTSDALE,AZ85260     		  PUBLIC CHARITY OPERATING SUPPORT 10,000
    ARCHDIOCESE FOR MILITARY SERVICES USA
    1025 MICHIGAN AVE NE
    WASHINGTON,DC20017     		  PUBLIC CHARITY OPERATING SUPPORT 5,000
    CATHOLIC ANSWERS
    2020 GILLESPIE WAY
    EL CAJON,CA92020     		  PUBLIC CHARITY OPERATING SUPPORT 2,000
    CATHOLIC CHARITIES
    2900 LOUISIANA ST
    HOUSTON,TX77006     		  PUBLIC CHARITY OPERATING SUPPORT 17,500
    CATHOLIC LEAGUE
    450 FASHION AVE FL 34
    NEW YORK,NY10117     		  PUBLIC CHARITY OPERATING SUPPORT 3,500
    CATHOLIC NEW CREATIONS
    PO BOX 7907
    HOUSTON,TX77270     		  PUBLIC CHARITY OPERATING SUPPORT 20,000
    CHORUS ANGELORUM
    7809 SHADYVILLA LANE
    HOUSTON,TX77055     		  PUBLIC CHARITY OPERATING SUPPORT 10,000
    CHRISTIAN FOUNDATION FOR HEALTH CARE
    301 SICOMAC AVE
    WYCKOFF,NJ07471     		  PUBLIC CHARITY OPERATING SUPPORT 7,000
    CPI FOUNDATION INC
    540 N HARRISON RD
    PLEASANT GAP,PA16823     		  PUBLIC CHARITY OPERATING SUPPORT 50,000
    ETERNAL WORD TELEVISION NETWORK
    5817 OLD LEEDS RD
    IRONDALE,AL35210     		  PUBLIC CHARITY OPERATING SUPPORT 101,000
    FOUNDATION FOR LIFE
    10900 NORTHWEST FREEWAY
    HOUSTON,TX77092     		  PUBLIC CHARITY OPERATING SUPPORT 5,000
    FRASSATI CATHOLIC HIGH SCHOOL
    22151 FRASSATI WAY
    SPRING,TX77389     		  PUBLIC CHARITY OPERATING SUPPORT 20,000
    GUADALUPE RADIO NETWORK
    1406 E GARDEN LN
    MIDLAND,TX79701     		  PUBLIC CHARITY OPERATING SUPPORT 25,000
    HOUSTON COALITION FOR LIFE
    3933 N MAIN ST
    HOUSTON,TX77009     		  PUBLIC CHARITY OPERATING SUPPORT 22,500
    HOUSTON METHODIST HOSPITAL FOUNDATION
    1020 HOLOCMBE BLVD STE 1400
    HOUSTON,TX77030     		  PUBLIC CHARITY OPERATING SUPPORT 2,500,000
    HOUSTON MUSEUM OF NATURAL SCIENCE
    5555 HERMAN PARK DR
    HOUSTON,TX77030     		  PUBLIC CHARITY OPERATING SUPPORT 2,500
    INNER CITY CATHOLIC SCHOOLS
    PO BOX 4343
    HOUSTON,TX77210     		  PUBLIC CHARITY OPERATING SUPPORT 5,000
    LET THE CHILDREN LIVE
    PO BOX 2325
    ORINDA,CA94563     		  PUBLIC CHARITY OPERATING SUPPORT 50,000
    MEDIA RESEARCH CENTER
    1900 CAMPUS COMMONS DR STE 600
    RESTON,VA20191     		  PUBLIC CHARITY OPERATING SUPPORT 25,000
    MISSIONARIES FOR THE POOR
    PO BOX 30359
    ATLANTA,GA30359     		  PUBLIC CHARITY OPERATING SUPPORT 5,000
    MUSEUM OF FINE ARTS
    465 HUNTINGTON AVE
    BOSTON,MA02115     		  PUBLIC CHARITY OPERATING SUPPORT 190
    OUR LADY OF WALSINGHAM CATHOLIC CHURCH
    7809 SHADYVILLA LANE
    HOUSTON,TX77055     		  PUBLIC CHARITY OPERATING SUPPORT 5,039,525
    PRISON FELLOWSHIP
    44180 RIVERSIDE PARKWAY
    LANSDOWNE,VA20176     		  PUBLIC CHARITY OPERATING SUPPORT 500
    REGIS SCHOOL OF THE SACRED HEART
    7330 WESTVIEW DR
    HOUSTON,TX77055     		  PUBLIC CHARITY OPERATING SUPPORT 35,000
    SHERIFF'S ASSOCIATION OF TEXAS
    1601 S INTERSTATE 35
    AUSTIN,TX78741     		  PUBLIC CHARITY OPERATING SUPPORT 235
    ST DOMINIC VILLAGE
    2401 HOLCOMBE BLVD
    HOUSTON,TX77021     		  PUBLIC CHARITY OPERATING SUPPORT 5,200
    ST JOHN PAUL II FOUNDATION
    PO BOX 5927
    KATY,TX77491     		  PUBLIC CHARITY OPERATING SUPPORT 20,000
    STAR OF HOPE
    4848 LOOP CENTRAL DR STE 500
    HOUSTON,TX77081     		  PUBLIC CHARITY OPERATING SUPPORT 15,000
    STUDENTS FOR LIFE OF AMERICA
    4755 JEFFERSON DAVIS HWY
    FREDERICKSBURG,VA22408     		  PUBLIC CHARITY OPERATING SUPPORT 500
    TEXAS RIGHT TO LIFE
    9800 CENTRE PKWY STE 200
    HOUSTON,TX77036     		  PUBLIC CHARITY OPERATING SUPPORT 50,000
    THE 100 CLUB
    5555 SAN FELIPE ST STE 1750
    HOUSTON,TX77056     		  PUBLIC CHARITY OPERATING SUPPORT 1,400
    THE JUNIOR LEAGUE OF HOUSTON INC
    1811 BRIAR OAKS LN
    HOUSTON,TX77027     		  PUBLIC CHARITY OPERATING SUPPORT 1,075
    THE PERSONAL ORDINARIATE OF THE CHAIR OF ST PETER
    7809 SHADYVILLA LANE
    HOUSTON,TX77055     		  PUBLIC CHARITY OPERATING SUPPORT 105,000
    THOMAS MORE LAW CENTER
    24 FRANK LLOYD WRIGHT DR
    ANN ARBOR,MI48105     		  PUBLIC CHARITY OPERATING SUPPORT 5,000
    UNIVERSITY OF ST THOMAS
    3800 MONTROSE
    HOUSTON,TX77006     		  PUBLIC CHARITY OPERATING SUPPORT 2,600,000
    AMERICAN COUNCIL OF LIFE INSURANCE INC
    101 CONSTITUTION AVE
    WASHINGTON DC,DC20001     		  PUBLIC CHARITY OPERATING SUPPORT 6,000
    HOUSTON SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS
    7007 OLD KATY ROAD
    HOUSTON,TX77024     		  PUBLIC CHARITY OPERATING SUPPORT 200
    TEXAS DEPARTMENT OF PUBLIC SAFETY OFFICERS ASSOCIATION
    5821 AIRPORT BLVD
    AUSTIN,TX78752     		  PUBLIC CHARITY OPERATING SUPPORT 200
    KNIGHTS OF COLUMBUS
    1 COLUMBUS PLAZA
    NEW HAVEN,CT06510     		  PUBLIC CHARITY OPERATING SUPPORT 100
    Total .................................bullet 3a 10,791,125
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 109,074  
    4 Dividends and interest from securities....     14 742,930  
    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.....     14 236  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -3,572,000  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 -2,719,760 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -2,719,760
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE CARL A DAVIS AND LOIS E DAVIS
    FOUNDATION
    Employer identification number

    37-1648116
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE CARL A DAVIS AND LOIS E DAVIS
    FOUNDATION         		Employer identification number
    37-1648116
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CARL DAVIS
    8822 STABLE CREST
     
    HOUSTON, TX77024

    		$ 3,264,230


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE CARL A DAVIS AND LOIS E DAVIS
    FOUNDATION         		Employer identification number

    37-1648116
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE CARL A DAVIS AND LOIS E DAVIS
    FOUNDATION         		Employer identification number

    37-1648116
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE CARL A DAVIS AND LOIS E DAVIS
     
    FOUNDATION
    EIN:
    37-1648116
    Name of Bond End of Year Book Value End of Year Fair Market Value
    STEPHENS INC - FIXED INCOME 39,441,668 39,876,541

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE CARL A DAVIS AND LOIS E DAVIS
     
    FOUNDATION
    EIN:
    37-1648116
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STEPHENS INC - EQUITIES 6,470,090 6,940,571

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE CARL A DAVIS AND LOIS E DAVIS
     
    FOUNDATION
    EIN:
    37-1648116
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    STEPHENS INC - ALT. INV AT COST 1,732,188 962,516

    TY 2020 OtherDecreasesSchedule
    Name:
    THE CARL A DAVIS AND LOIS E DAVIS
     
    FOUNDATION
    EIN:
    37-1648116
    Description Amount
    UNREALIZED ADJUSTMENTS TO BOOK VALUE OF MUTUAL FUND ACCOUNTS 239,654


    TY 2020 OtherExpensesSchedule
    Name:
    THE CARL A DAVIS AND LOIS E DAVIS
     
    FOUNDATION
    EIN:
    37-1648116
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STEPHENS MANAGEMENT FEES 764,230 764,230   0
    PASSTHROUGH CONTRIBUTION - KKR LENDING 16 16   0
    PASSTHROUGH OTHER DEDUCTIONS 26,857 4,822   0
    KKR LENDING PARTNERS, LP - PASSTHROUGH LOSSES 77,660 1,761   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE CARL A DAVIS AND LOIS E DAVIS
     
    FOUNDATION
    EIN:
    37-1648116
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PIMCO BRAVO FUND OFF-SHORE FEEDER II, LP 236 236 236


    TY 2020 TaxesSchedule
    Name:
    THE CARL A DAVIS AND LOIS E DAVIS
     
    FOUNDATION
    EIN:
    37-1648116
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 1,712 1,712   0