Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
UD M DAVIS FOR W DAVIS MEM FDN
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1802
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PROVIDENCE, RI029011802
A Employer identification number

13-6138067
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$51,956,751J 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... 979,654 979,654  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,415,929
b Gross sales price for all assets on line 6a 9,484,332
7 Capital gain net income (from Part IV, line 2)... 1,415,929
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 13,050 13,050  
12 Total. Add lines 1 through 11........ 2,408,633 2,408,633  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 48,016 28,810   19,206
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).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 89,587 14,276   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 1,310 1,310    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 138,913 44,396 0 19,206
25 Contributions, gifts, grants paid....... 2,732,968 2,732,968
26 Total expenses and disbursements. Add lines 24 and 25 2,871,881 44,396 0 2,752,174
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -463,248
b Net investment income (if negative, enter -0-) 2,364,237
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 4,522,104 2,928,697 2,928,697
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) 542,705 Click to see attachment555,755 517,940
b Investments—corporate stock (attach schedule)....... 22,902,832 Click to see attachment20,664,084 34,598,681
c Investments—corporate bonds (attach schedule)....... 10,698,758 Click to see attachment14,079,102 13,911,433
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
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) 38,666,399 38,227,638 51,956,751
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 38,666,399 38,227,638
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 38,666,399 38,227,638
31 Total liabilities and net assets/fund balances (see instructions). 38,666,399 38,227,638
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
38,666,399
2
Enter amount from Part I, line 27a .....................
2
-463,248
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
24,487
4
Add lines 1, 2, and 3 ..........................
4
38,227,638
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
38,227,638
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 200. ADOBE SYS INC   2014-04-16 2018-05-24
b 500. ADOBE SYS INC   2014-04-16 2018-05-29
c 500. ADOBE SYS INC   2014-04-11 2018-09-12
d 200. ALEXION PHARMACEUTICALS INC   2011-05-11 2018-12-13
e 50. ALPHABET INC CL A COM   2012-08-24 2018-05-22
500. AMERICAN INTL GROUP INC NEW COM   2017-05-30 2018-05-22
500. AMERICAN INTL GROUP INC NEW COM   2015-06-29 2018-05-22
500. AMERICAN INTL GROUP INC NEW COM   2015-07-08 2018-05-22
500. AMERICAN INTL GROUP INC NEW COM   2015-07-06 2018-05-22
1000. AMERICAN INTL GROUP INC NEW COM   2015-06-09 2018-05-22
1000. AMERICAN INTL GROUP INC NEW COM   2015-05-05 2018-05-24
500. AMERICAN INTL GROUP INC NEW COM   2013-09-04 2018-05-29
1000. AMERICAN INTL GROUP INC NEW COM   2013-09-04 2018-11-09
3500. AMERICAN INTL GROUP INC NEW COM   2013-09-04 2018-12-10
500. APPLE INC COM   2007-06-05 2018-01-30
500. APPLE INC COM   2007-06-05 2018-02-02
300. APPLE INC COM   2007-06-05 2018-11-26
300000. BERKSHIRE HATHAWAY INC DEL SR UNSECD NT   2014-12-03 2018-02-09
200000. BERKSHIRE HATHAWAY INC DEL SR UNSECD NT   2016-04-04 2018-02-09
1000. BRISTOL MYERS SQUIBB CO COM   2009-03-10 2018-04-20
1000. BRISTOL MYERS SQUIBB CO COM   2009-03-10 2018-05-29
500. CSX CORP   2013-03-20 2018-09-24
1000. CERNER CORP   2007-03-08 2018-05-24
500. CITIGROUP INC NEW COM   2017-07-26 2018-01-30
500. CITIGROUP INC NEW COM   2017-07-26 2018-09-24
1000. CITIGROUP INC NEW COM   2017-05-19 2018-09-24
1000. CITIGROUP INC NEW COM   2017-05-19 2018-12-13
400000. CITIGROUP INC SR UNSECD NT   2016-02-04 2018-02-05
200000. CITIGROUP INC SR UNSECD NT   2016-07-07 2018-02-05
500. FACEBOOK INC CL A COM   2014-12-16 2018-04-20
200. FACEBOOK INC CL A COM   2014-12-16 2018-09-12
300. FACEBOOK INC CL A COM   2013-09-27 2018-09-12
300. FACEBOOK INC CL A COM   2013-09-27 2018-11-26
200. FACEBOOK INC CL A COM   2013-09-27 2018-12-10
200. FACEBOOK INC CL A COM   2013-09-27 2018-12-13
300000. GENERAL ELEC CAP CORP SR UNSECD MTN   2014-11-10 2018-04-02
500. GOLDMAN SACHS GROUP INC   2016-12-29 2018-11-26
500. GOLDMAN SACHS GROUP INC   2017-08-15 2018-11-26
200. GOLDMAN SACHS GROUP INC   2013-04-23 2018-12-10
300000. HSBC USA INC NEW SR UNSECD NT   2016-01-04 2018-01-16
4000. HAIN CELESTIAL GROUP INC   2010-03-29 2018-11-26
4000. HAIN CELESTIAL GROUP INC   2010-03-29 2018-12-13
500. HEXCEL CORP NEW   2015-01-13 2018-01-30
1000. INTEL CORPORATION   2008-09-05 2018-09-12
1000. ISHR MSCI EMU ETF   2017-10-27 2018-05-29
2000. ISHR MSCI EMU ETF   2017-10-27 2018-08-20
2000. ISHR MSCI EMU ETF   2017-10-27 2018-08-24
10000. ISHR MSCI EMU ETF   2017-05-19 2018-08-24
3000. ISHR MSCI EMU ETF   2017-05-04 2018-10-12
2000. ISHR MSCI EMU ETF   2017-05-10 2018-10-12
5000. ISHR MSCI EMU ETF   2017-05-03 2018-11-09
2000. KRAFT HEINZ CORP COM   2014-07-07 2018-05-22
1000. KRAFT HEINZ CORP COM   2014-08-05 2018-05-22
500. LOWES COMPANIES INCORPORATED   2016-09-06 2018-11-26
1000. MICROSOFT CORPORATION   2015-09-11 2018-01-30
500. MICROSOFT CORPORATION   2014-06-04 2018-12-13
800. MONSTER BEVERAGE CORP COM   2017-10-27 2018-09-24
1000. MONSTER BEVERAGE CORP COM   2017-08-31 2018-10-12
1000. MONSTER BEVERAGE CORP COM   2017-07-11 2018-10-12
1000. MONSTER BEVERAGE CORP COM   2017-03-03 2018-12-13
5000. NASPERS LTD SPONSORED ADR   2018-09-24 2018-11-09
300. NORTHROP CORPORATION   2010-09-30 2018-10-12
400000. PNC BK N A PITTSBURGH PA UNSECD MEDIUM TERM SR BK NT C6/20/18   2016-03-17 2018-07-20
2100.84 PRINCIPAL PFD SECS FUND INSTL CL   2012-04-09 2018-12-13
1000. PROCTER & GAMBLE CO COM   2016-03-17 2018-01-30
200. REGENERON PHARMACEUTICALS INC   2011-04-19 2018-01-30
200. REGENERON PHARMACEUTICALS INC   2011-04-19 2018-02-28
300. REGENERON PHARMACEUTICALS INC   2011-04-19 2018-04-20
700. REGENERON PHARMACEUTICALS INC   2011-04-19 2018-05-22
1000. SCHLUMBERGER LTD COM   2016-09-06 2018-08-20
800. SCHLUMBERGER LTD COM   2016-09-06 2018-11-09
200. SCHLUMBERGER LTD COM   2016-05-03 2018-11-09
500. SEALED AIR CORP   2014-07-10 2018-01-30
4500. SEALED AIR CORP   2014-07-10 2018-08-24
1000. SEALED AIR CORP   2014-07-10 2018-09-24
4000. SEALED AIR CORP   2014-07-10 2018-10-12
1000. SEALED AIR CORP   2014-08-04 2018-11-09
3000. SEALED AIR CORP   2014-08-04 2018-12-13
1000. SPLUNK INC COM   2018-08-24 2018-11-09
1000. SPLUNK INC COM   2018-08-24 2018-11-26
400000. TOYOTA MTR CR CORP SR UNSECD GMTN   2016-03-28 2018-07-13
200000. TOYOTA MTR CR CORP SR UNSECD GMTN   2016-07-07 2018-07-13
1000. US BANCORP DEL COM NEW   2016-09-06 2018-05-24
300. UNION PAC CORP COM   2017-02-06 2018-09-24
1000000. UNITED STATES TREAS BILL DTD 05/25/17 DUE 05/24/18   2017-12-28 2018-05-24
1000. WILLIAMS COS INC DEL COM   2016-12-29 2018-11-26
2000. WILLIAMS COS INC DEL COM   2017-04-10 2018-11-26
1000. WILLIAMS COS INC DEL COM   2016-11-08 2018-11-26
1000. WILLIAMS COS INC DEL COM   2016-11-08 2018-12-13
1000. XYLEM INC COM   2012-09-24 2018-09-24
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 49,100   12,559 36,541
b 121,264   31,397 89,867
c 133,952   30,560 103,392
d 22,692   9,962 12,730
e 54,083   16,999 37,084
27,671   32,028 -4,357
27,671   30,894 -3,223
27,671   30,826 -3,155
27,671   30,794 -3,123
55,343   60,256 -4,913
53,583   58,060 -4,477
26,081   24,163 1,918
43,779   48,325 -4,546
128,654   169,138 -40,484
83,084   8,744 74,340
81,001   8,744 72,257
51,952   5,246 46,706
300,000   300,000  
200,000   200,000  
51,246   19,928 31,318
52,116   19,928 32,188
36,668   12,036 24,632
59,376   13,283 46,093
39,514   34,234 5,280
36,680   34,234 2,446
73,360   61,584 11,776
55,830   61,584 -5,754
400,000   398,116 1,884
200,000   200,000  
83,565   38,383 45,182
32,431   15,353 17,078
48,646   15,370 33,276
40,877   15,370 25,507
27,833   10,247 17,586
28,763   10,247 18,516
300,000   300,000  
96,995   118,976 -21,981
96,995   114,128 -17,133
35,304   28,546 6,758
300,000   299,133 867
85,286   35,449 49,837
76,631   35,449 41,182
33,982   21,049 12,933
44,769   20,568 24,201
42,203   43,271 -1,068
81,069   86,542 -5,473
82,889   86,542 -3,653
414,447   412,550 1,897
114,389   121,252 -6,863
76,259   80,777 -4,518
188,798   198,733 -9,935
112,946   116,223 -3,277
56,473   51,891 4,582
44,442   38,010 6,432
92,925   43,231 49,694
54,494   20,000 34,494
46,244   45,367 877
53,335   55,858 -2,523
53,335   50,020 3,315
53,913   48,053 5,860
185,278   223,625 -38,347
89,155   16,580 72,575
400,000   400,000  
20,000   20,987 -987
86,960   83,083 3,877
76,263   9,594 66,669
64,398   9,594 54,804
93,659   14,391 79,268
207,603   33,578 174,025
63,402   78,578 -15,176
40,301   62,863 -22,562
10,075   15,367 -5,292
24,119   16,630 7,489
175,401   149,670 25,731
41,602   33,260 8,342
138,085   133,040 5,045
34,697   32,637 2,060
98,266   97,910 356
95,981   125,111 -29,130
95,533   125,111 -29,578
400,000   400,000  
200,000   200,000  
50,606   43,780 6,826
49,204   32,415 16,789
994,180   994,180  
24,740   31,125 -6,385
49,481   60,976 -11,495
24,740   29,291 -4,551
23,758   29,291 -5,533
80,115   25,526 54,589
      158,058
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       36,541
b       89,867
c       103,392
d       12,730
e       37,084
      -4,357
      -3,223
      -3,155
      -3,123
      -4,913
      -4,477
      1,918
      -4,546
      -40,484
      74,340
      72,257
      46,706
       
       
      31,318
      32,188
      24,632
      46,093
      5,280
      2,446
      11,776
      -5,754
      1,884
       
      45,182
      17,078
      33,276
      25,507
      17,586
      18,516
       
      -21,981
      -17,133
      6,758
      867
      49,837
      41,182
      12,933
      24,201
      -1,068
      -5,473
      -3,653
      1,897
      -6,863
      -4,518
      -9,935
      -3,277
      4,582
      6,432
      49,694
      34,494
      877
      -2,523
      3,315
      5,860
      -38,347
      72,575
       
      -987
      3,877
      66,669
      54,804
      79,268
      174,025
      -15,176
      -22,562
      -5,292
      7,489
      25,731
      8,342
      5,045
      2,060
      356
      -29,130
      -29,578
       
       
      6,826
      16,789
       
      -6,385
      -11,495
      -4,551
      -5,533
      54,589
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,415,929
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 2,417,337 53,029,599 0.045585
2016 2,492,953 49,667,739 0.050193
2015 2,522,152 52,267,944 0.048254
2014 2,520,622 50,721,801 0.049695
2013 2,154,969 46,119,008 0.046726
2
Total of line 1, column (d) .....................
2
0.240453
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.048091
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
55,167,309
5
Multiply line 4 by line 3......................
5
2,653,051
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
23,642
7
Add lines 5 and 6........................
7
2,676,693
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,752,174
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 23,642
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 23,642
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 23,642
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 51,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 51,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 27,358
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet11,822 RefundedBullet 11 15,536
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS TRUST FIDUCIARY TAX SERVICES Telephone no.bullet (888) 866-3275

    Located atbulletPO BOX 1802PROVIDENCERI ZIP+4bullet029011802
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
    Yes
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BANK OF AMERICA N A TRUSTEE
    1     		48,016    
    114 W 47TH ST
    NEW YORK,NY10036
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    53,103,718
    b
    Average of monthly cash balances.......................
    1b
    2,903,702
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    56,007,420
    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
    56,007,420
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    840,111
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    55,167,309
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,758,365
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,758,365
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    23,642
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    23,642
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,734,723
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,734,723
    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
    2,734,723
    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
    2,752,174
    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
    2,752,174
    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
    23,642
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,728,532
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 2,734,723
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 765,940
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,752,174
    a Applied to 2017, but not more than line 2a 765,940
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,986,234
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		748,489
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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 (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    WESTMORELAND DAVIS MEM
    FOUNDATION INC
    17195 SOUTHERN PLANTER LN
    LEESBURG,VA201787433     		N/A PF UNRESTRICTED GENERAL 2,732,968
    Total .................................bullet 3a 2,732,968
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 979,654  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,415,929  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOID INCOME ON USGI     		    1 13,050  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,408,633  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,408,633
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN:
    13-6138067
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    WESTMORELAND DAVIS MEMORIAL
    FOUNDATION     		17195 SOUTHERN PLANTER LN
    LEESBURG,VA201787433     		2018-12-31 2,732,968 PAYROLL, TAXES, BENEFITS, MAINTENANCE, UTILITIES AND INSURANCE   NONE 2/6/2019 2018-03-05  

    TY 2018 GeneralExplanationAttachment
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN:
    13-6138067
    Identifier Return Reference Explanation
    FEDERAL FOOTNOTE PART VIII LIST OF OFFICERS AND DIRECTORS THE COMPENSATION SHOWN ON THE RETURN THAT IS PAID TO BANK OF AMERICA, N.A. AS CORPORATE TRUSTEE IS NOT CALCULATED BASED UPON AN HOURLY RATE FOR THE TIME SPENT BY THE TRUSTEE; RATHER, BANK OF AMERICA'S COMPENSATION AS CORPORATE TRUSTEE IS CALCULATED USING A MARKET VALUE FEE SCHEDULE. THE TRUST OFFICER'S TIME SPENT PERFORMING ADMINISTRATIVE RESPONSIBILITIES FOR THIS FOUNDATION AVERAGES ONE HOUR PER WEEK. IN ADDITION, TIME IS SPENT BY OTHER STAFF MEMBERS FOR RECORDKEEPING, INVESTMENT MANAGEMENT, INCOME COLLECTION, RENDERING STATEMENTS AND ACCOUNTINGS, REGULATORY REPORTING, REGULATORY COMPLIANCE, AND TAX SERVICES.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN:
    13-6138067
    Name of Bond End of Year Book Value End of Year Fair Market Value
    020002AR2 ALLSTATE CORP SR NT    
    084664AT8 BERKSHIRE HATHAWAY F    
    097023AV7 BOEING CO SR UNSECD    
    14911RAJ8 CATERPILLAR FINL SVC    
    17275RAC6 CISCO SYS INC NT    
    172967FS5 CITIGROUP INC SR NT    
    172967FW6 CITIGROUP INC SR NT    
    369604AY9 GENERAL ELEC CO NT    
    36962GP65 GENERAL ELEC CAP COR    
    38141GDK7 GOLDMAN SACHS GROUP    
    38143UAB7 GOLDMAN SACHS GROUP    
    428236AT0 HEWLETT PACKARD CO N    
    46625HAX8 J P MORGAN CHASE & C    
    46625HBV1 JPMORGAN CHASE & CO    
    589331AP2 MERCK & CO INC SR UN    
    742718DM8 PROCTER & GAMBLE CO    
    78387GAP8 SBC COMMUNICATIONS I    
    927804EU4 VIRGINIA ELEC & PWR    
    92976WBJ4 WACHOVIA CORP GLOBAL    
    94974BEZ9 WELLS FARGO & CO NEW    
    949746FJ5 WELLS FARGO & CO NEW    
    05565QBT4 BP CAP MKTS PLC CO G    
    035242AC0 ANHEUSER BUSCH INBEV    
    191216AU4 COCA COLA CO SR UNSE    
    084670BH0 BERKSHIRE HATHAWAY I    
    172967GP0 CITIGROUP INC SR UNS    
    22160KAF2 COSTCO WHOLESALE COR 196,346 197,832
    36962G6W9 GENERAL ELEC CAP COR    
    58933YAD7 MERCK & CO INC NEW S    
    594918AP9 MICROSOFT CORP SR UN    
    717081DD2 PFIZER INC SR UNSECD    
    30231GAA0 EXXON MOBIL CORP SR    
    46623EJY6 J P MORGAN CHASE & C    
    931142DE0 WAL-MART STORES INC    
    94974BFW5 WELLS FARGO & CO NEW    
    172967JH5 CITIGROUP INC SR UNS    
    172967KV2 CITIGROUP INC SR UNS 1,378,126 1,360,044
    40428HPH9 HSBC USA INC NEW SR    
    459200JE2 INTERNATIONAL BUSINE 400,314 398,308
    46623EKG3 J P MORGAN CHASE & C 1,385,017 1,365,896
    48125LRG9 JP MORGAN CHASE BK N 597,726 594,480
    69353RER5 PNC BK N A PITTSBURG    
    89233P6S0 TOYOTA MTR CR CORP S    
    89236TCP8 TOYOTA MTR CR CORP S    
    89236TDE2 TOYOTA MTR CR CORP S 300,099 298,305
    94974BFU9 WELLS FARGO & CO NEW 500,957 498,525
    064159EX0 BANK NOVA SCOTIA B C 501,097 498,030
    166764AB6 CHEVRON CORP NEW SR 990,722 968,390
    172967LG4 CITIGROUP INC UNSECD 1,388,484 1,359,918
    38141GVP6 GOLDMAN SACHS GROUP 1,197,883 1,187,592
    38141GWJ9 GOLDMAN SACHS GROUP 1,464,882 1,439,985
    594918BG8 MICROSOFT CORP UNSEC 996,347 988,860
    68389XBL8 ORACLE CORP SR UNSEC 597,858 575,778
    40428HPR7 HSBC USA INC NEW UNS 1,187,424 1,187,880
    48127HAA7 JPMORGAN CHASE & CO 995,820 991,610

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN:
    13-6138067
    Name of Stock End of Year Book Value End of Year Fair Market Value
    233331602 DTE ENERGY CO PFD JR    
    949746879 WELLS FARGO & CO NEW    
    464287804 ISHARES CORE S&P SMA 733,133 1,247,760
    46625H365 JPMORGAN ALERIAN MLP    
    13342B105 CAMERON INTL CORP CO    
    166764100 CHEVRON CORP COM    
    30231G102 EXXON MOBIL CORP COM 150,420 204,570
    806857108 SCHLUMBERGER LTD COM 184,519 144,320
    847560109 SPECTRA ENERGY CORP    
    969457100 WILLIAMS COS INC DEL 422,809 330,750
    278865100 ECOLAB INC COM 94,858 736,750
    380956409 GOLDCORP INC NEW COM    
    61166W101 MONSANTO CO NEW COM    
    149123101 CATERPILLAR INC COM    
    235851102 DANAHER CORP DEL COM 237,470 721,840
    244199105 DEERE & CO COM    
    302130109 EXPEDITORS INTL WASH 111,079 204,270
    666807102 NORTHROP GRUMMAN COR 149,219 661,230
    907818108 UNION PAC CORP COM 248,606 857,026
    98419M100 XYLEM INC COM 286,198 934,080
    023135106 AMAZON COM INC COM 49,630 1,201,576
    254687106 DISNEY WALT CO COM D    
    580135101 MCDONALDS CORP COM    
    988498101 YUM BRANDS INC COM    
    03524A108 ANHEUSER BUSCH INBEV    
    191216100 COCA COLA CO COM 599,582 615,550
    405217100 HAIN CELESTIAL GROUP    
    423074103 HEINZ H J CO COM    
    494368103 KIMBERLY CLARK CORP    
    582839106 MEAD JOHNSON NUTRITI    
    609207105 MONDELEZ INTL INC CO 423,862 640,480
    742718109 PROCTER & GAMBLE CO 173,142 413,640
    966837106 WHOLE FOODS MKT INC    
    002824100 ABBOTT LABS COM 487,119 506,310
    015351109 ALEXION PHARMACEUTIC 149,433 292,080
    110122108 BRISTOL MYERS SQUIBB 59,784 155,940
    156782104 CERNER CORP COM 66,416 262,200
    375558103 GILEAD SCIENCES INC    
    53217V109 LIFE TECHNOLOGIES CO    
    717081103 PFIZER INC COM 291,188 654,750
    75886F107 REGENERON PHARMACEUT    
    91911K102 VALEANT PHARMACEUTIC    
    H0023R105 ACE LTD COM    
    03076C106 AMERIPRISE FINL INC    
    46625H100 J P MORGAN CHASE & C 250,194 488,100
    949746101 WELLS FARGO & CO NEW    
    G1151C101 ACCENTURE PLC CL A C 180,350 846,060
    037833100 APPLE INC COM 73,449 662,508
    268648102 EMC CORP COM    
    38259P508 GOOGLE INC CL A COM    
    458140100 INTEL CORP COM 95,597 234,650
    594918104 MICROSOFT CORP COM 415,453 1,472,765
    68389X105 ORACLE CORP COM    
    277902698 EATON VANCE ATLANTA 1,126,122 2,012,769
    04315J860 ARTIO GLOBAL HIGH IN    
    74253Q416 PRINCIPAL PFD SECS F 276,793 260,827
    52106N889 LAZARD EMERGING MKTS    
    885215566 THORNBURG INTL VALUE    
    1261291M7 INTERMEDIATE AGGREGA 2,170,437 2,013,564
    995555927 LONG TERM TAXABLE BO    
    464286848 ISHARES MSCI JAPAN E    
    126408103 CSX CORP COM 346,505 900,885
    167250109 CHICAGO BRDG & IRON    
    6356934#8 FANUC CORP JPY50    
    741503403 PRICELINE GROUP INC    
    90130A101 TWENTY-FIRST CENTY F    
    00287Y109 ABBVIE INC COM 40,826 138,285
    026874784 AMERICAN INTL GROUP    
    38141G104 GOLDMAN SACHS GROUP 114,185 133,640
    30303M102 FACEBOOK INC CL A CO 51,233 131,090
    747525103 QUALCOMM INC COM    
    92826C839 VISA INC CL A COM 503,419 1,187,460
    353612781 FRANKLIN FTLG RATE D    
    19765E823 CMG ULTRA SHORT TERM    
    19765L694 COLUMBIA STRATEGIC I    
    68380L407 OPPENHEIMER INTL GRO    
    693475857 PNC FINL SVCS GROUP 320,527 308,880
    902973817 US BANCORP DEL PRFD    
    921937827 VANGUARD SHORT TERM 959,154 942,840
    97717W851 WISDOMTREE JAPAN HED    
    49456B101 KINDER MORGAN INC DE    
    81211K100 SEALED AIR CORP NEW    
    50076Q106 KRAFT FOODS GROUP IN    
    966244105 WHITEWAVE FOODS CO C    
    G0083B108 ACTAVIS PLC COM    
    018490102 ALLERGAN INC COM    
    98978V103 ZOETIS INC CL A COM 434,394 855,400
    617446448 MORGAN STANLEY COM    
    902973304 US BANCORP DEL COM N 261,370 274,200
    00724F101 ADOBE INC COM 362,160 1,357,440
    38259P706 GOOGLE INC COM CL C    
    258620103 DOUBLELINE TOTAL RET    
    315807552 FIDELITY ADVISOR FLO    
    48127X542 JPMORGAN CHASE & CO 453,412 459,720
    808513402 SCHWAB CHARLES CORP 278,325 279,290
    464286608 ISHARES MSCI EURZONE 1,070,925 1,051,800
    260543103 DOW CHEM CO COM    
    428291108 HEXCEL CORP NEW COM 357,827 487,390
    872540109 TJX COS INC NEW COM 350,943 447,400
    87612E106 TARGET CORP COM    
    500754106 KRAFT HEINZ CORP COM    
    G0177J108 ALLERGAN PLC COM    
    172967424 CITIGROUP INC NEW CO 683,899 624,720
    N6596X109 NXP SEMICONDUCTORS N    
    02079K107 ALPHABET INC CL C CO    
    02079K305 ALPHABET INC CL A CO 227,121 888,216
    697435105 PALO ALTO NETWORKS I    
    949917744 WELLS FARGO ULTRA SH    
    34959J108 FORTIVE CORP COM 205,065 338,300
    369604103 GENERAL ELEC CO COM    
    548661107 LOWES COS INC COM 228,060 277,080
    60871R209 MOLSON COORS BREWING    
    H1467J104 CHUBB LTD COM 329,788 904,260
    26078J100 DOWDUPONT INC COM 741,324 748,720
    61174X109 MONSTER BEVERAGE COR 428,010 442,980
    81762P102 SERVICENOW INC COM 310,045 445,125
    68380L605 OPPENHEIMER INT GROW 1,472,136 1,404,410
    316773605 FIFTH THIRD BANCORP 384,727 362,180
    09857L108 BOOKING HLDGS INC CO 241,842 430,605

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN:
    13-6138067
    US Government Securities - End of Year Book Value:

    555,755
    US Government Securities - End of Year Fair Market Value:

    517,940
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 OtherExpensesSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN:
    13-6138067
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSE-PRINCI 655 655   0
    OTHER ALLOCABLE EXPENSE-INCOME 655 655   0


    TY 2018 OtherIncomeSchedule2
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN:
    13-6138067
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OID INCOME ON USGI 13,050 13,050  


    TY 2018 OtherIncreasesSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN:
    13-6138067
    Description Amount
    INCOME ADJUSTMENT 4,718
    SALES ADJUSTMENT 19,769


    TY 2018 TaxesSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN:
    13-6138067
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX - PRIOR YEAR 24,311 0   0
    EXCISE TAX ESTIMATES 51,000 0   0
    FOREIGN TAXES ON QUALIFIED FOR 14,276 14,276   0