Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Arthur Vining Davis Foundation #3
 
Number and street (or P.O. box number if mail is not delivered to street address)814 N Highway A1A No 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Ponte Vedra Beach, FL32082
A Employer identification number

59-6159693
B Telephone number (see instructions)

(904) 359-0670
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$197,226,335J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 488,888 488,888  
4 Dividends and interest from securities... 1,781,204 1,781,204  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,681,820
b Gross sales price for all assets on line 6a 111,097,093
7 Capital gain net income (from Part IV, line 2)... 13,681,820
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).......      
12 Total. Add lines 1 through 11........ 15,951,912 15,951,912  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 855,237 361,600   493,637
14 Other employee salaries and wages...... 263,459 0   313,374
15 Pension plans, employee benefits....... 213,624 0   213,624
16a Legal fees (attach schedule)......... Click to see attachment 1,886 0   1,886
b Accounting fees (attach schedule)....... Click to see attachment 28,064 5,613   22,451
c Other professional fees (attach schedule).... Click to see attachment 59,577 42,529   17,048
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 288,134 38,577   34,057
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 59,183 0   59,183
21 Travel, conferences, and meetings....... 41,812 0   41,812
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 148,721 0   146,497
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,959,697 448,319   1,343,569
25 Contributions, gifts, grants paid....... 12,023,935 7,013,686
26 Total expenses and disbursements. Add lines 24 and 25 13,983,632 448,319   8,357,255
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,968,280
b Net investment income (if negative, enter -0-) 15,503,593
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 Savings and temporary cash investments......... 5,475,571 10,290,125 10,290,125
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 3,150 53,065 53,065
10a Investments—U.S. and state government obligations (attach schedule) 11,489,222 Click to see attachment10,056,144 10,056,144
b Investments—corporate stock (attach schedule)....... 133,353,509 Click to see attachment146,190,119 146,190,119
c Investments—corporate bonds (attach schedule)....... 5,564,152 Click to see attachment7,997,507 7,997,507
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 24,100,258 Click to see attachment22,533,933 22,533,933
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment104,513 Click to see attachment105,442 Click to see attachment105,442
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 180,090,375 197,226,335 197,226,335
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................   5,010,249
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment22,080 Click to see attachment182,500
23 Total liabilities (add lines 17 through 22)......... 22,080 5,192,749
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........... 180,068,295 192,033,586
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 180,068,295 192,033,586
30 Total liabilities and net assets/fund balances (see instructions). 180,090,375 197,226,335
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
180,068,295
2
Enter amount from Part I, line 27a .....................
2
1,968,280
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
9,997,011
4
Add lines 1, 2, and 3 ..........................
4
192,033,586
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 29 .
6
192,033,586
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 111,097,093   97,415,273 13,681,820
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       13,681,820
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 13,681,820
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................................ 1 215,500
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........................... 3 215,500
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- ..... 5 215,500
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 33,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 182,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 215,500
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 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletwww.avdf.org
    14
    The books are in care ofbulletOffice of the President Telephone no.bullet (904) 359-0670

    Located atbullet814 N Highway A1A Suite 300Ponte Vedra BeachFL ZIP+4bullet32082
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Serena Davis Hall Chair
    5.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    James Cote Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Amanda Davis Trustee (Term ended 05/20)
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Haley Davis Madole Trustee (Term began 05/20)
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Christopher Davis Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Eric Davis Trustee (Term ended 02/20)
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Tamara Davis Trustee (Term began 02/20)
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Jonathan Davis Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Sarah Davis Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    John L Kee III Trustee (Term ended 10/20)
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    William Kee Trustee (Term began 10/20)
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Dorothy Davis Kee Trustee
    1.00     		0 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Dr Michael Murray President
    20.00     		194,954 59,629 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    Tim Michel Chief Financial Officer
    16.00     		103,975 42,105 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    SunTrust Banks Inc Corporate Trustee/Investment Advisor
    2.00     		556,308 0 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32802
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    John Churchill Director of Programs
    20.00     		107,225 41,703 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32082
    Adora Gross VP for Administratio
    20.00     		97,477 43,191 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32082
    Ann Bryan Special Projects Man
    12.00     		58,758 26,996 0
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32082
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    167,767,951
    b
    Average of monthly cash balances.......................
    1b
    6,974,814
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    174,742,765
    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
    174,742,765
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,621,141
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    172,121,624
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,606,081
    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
    8,606,081
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    215,500
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    215,500
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,390,581
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,390,581
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    8,390,581
    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
    8,357,255
    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
    8,357,255
    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
    8,357,255
    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 8,390,581
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 8,243,722
    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......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 8,357,255
    a Applied to 2019, but not more than line 2a 8,243,722
    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..... 113,533
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		8,277,048
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Dr Michael J Murray Arthur Vining D
    814 N Highway A1A Suite 300
    Ponte Vedra Beach,FL32082
    (904) 359-0670
    bThe form in which applications should be submitted and information and materials they should include:
    Applicants should review the additional information provided in the grants section of the Foundation's web page at https://www.avdf.org/Grants/GrantseekingOrganizations.aspx.
    cAny submission deadlines:
    See additional information provided in the grants section of the Foundation's web page.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The following activities/organizations are generally not supported by the Foundation: A) Institutions outside the U.S. and its possessions B) Assistance to individuals (except as chosen by a grantee institution under an organized scholarship program) C) Support for voter registration drives, voter education, efforts to influence elections or legislation D) Expenditures for non-charitable purposes E) Institutions primarily supported by governmental funds (except in health care and secondary education) F) Private foundations within sec. 509(A) of the 1969 Tax Reform Act
    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
    A Place to Turn
    99 Hartford Street
    Natick,MA01760     		None PC Charitable purposes 2,000
    American Council on Education
    One Dupont Circle NW
    Washington,DC20036     		None PC Charitable purposes - private higher education 308,820
    Association of American Colleges and Universities
    1818 R St NW
    Washington,DC20009     		None PC Charitable purposes - private higher education 235,250
    Atlanta Community Food Bank
    732 Joseph E Lowery Boulevard NW
    Atlanta,GA30318     		None PC Charitable purposes 2,000
    Bainbridge Island Land Trust
    P O Box 10144
    Bainbridge Island,WA98110     		None PC Charitable purposes 1,000
    Barnard College
    3009 Broadway
    New York,NY10027     		None PC Charitable purposes - private higher education 300,000
    Billion Oyster Project
    10 South St Building Slip 7
    New York,NY10004     		None PC Charitable purposes 2,500
    Calvary United Methodist Church for Long Lake Friends of Music
    PO Box 1342
    Winter Park,CO80482     		None PC Charitable purposes 3,000
    Cape and Islands United Way
    PO Box 367
    Cele,MA02632     		None PC Charitable purposes 50,000
    Carnegie Mellon University
    5000 Forbes Avenue
    Pittsburgh,PA15213     		None PC Charitable purposes - rivate higher education 205,000
    Center for Large Landscape Conservation
    PO Box 1587
    Bozeman,MT59771     		None PC Charitable purposes 2,500
    Christ Episcopal Church of Ponte Vedra Beach Charitable Foundation
    PO Box 1908
    Orlando,FL32802     		None PC Charitable purposes 900
    City Harvest
    6 E 32nd St 5th Floor
    New York,NY10016     		None PC Charitable purposes 50,000
    Colorado Seminary
    2199 S University Blvd
    Denver,CO80210     		None PC Charitable purposes- private higher education 300,000
    Community Foundation for Loudoun and Northern Fauquier Counties
    PO Box 342
    Leesburg,VA20178     		None PC Charitable purposes 6,000
    Cornell University
    377 Pine Tree Road
    Ithaca,NY14850     		None PC Charitable purposes 3,000
    Council of Independent Colleges
    1 Dupont Cir NW Ste 320
    Washington,DC20036     		None PC Charitable purposes - private higher education 130,000
    Dana-Farber Cancer Institute
    450 Brookline Ave
    Boston,MA02115     		None PC Charitable purposes - palliative care 2,000
    Drake University
    2507 University Ave
    Des Moines,IA50311     		None PC Charitable purposes - interfaith leadership and religious literacy 287,280
    Family Foundations of Northeast Florida Inc
    40 E Adams Street 320
    Jacksonville,FL32202     		None PC Charitable purposes 100
    Family Promise Metrowest Inc
    6 Mulligan St
    Natick,MA01760     		None PC Charitable purposes 2,000
    Finger Lakes Land Trust Inc
    202 E Court St
    Ithaca,NY14850     		None PC Charitable purposes 3,000
    Food Bank of the Southern Tier
    388 Upper Oakwood Avenue
    Elmira,NY14903     		None PC Charitable purposes 53,000
    Foundation for Religious Literacy
    53 State St
    Boston,MA02109     		None PC Charitable purposes 50,000
    Fred Rogers Productions
    2100 Wharton St Ste 700
    Pittsburgh,PA15203     		None PC Charitable purposes - public educational media 400,000
    Friends of the Library- Ponte Vedra Beach Inc
    PO Box 744
    Ponte Vedra,FL32004     		None PC Charitable purposes 500
    Good Shepherd Food Bank of Maine
    3121 Hotel Rd
    Auburn,ME04210     		None PC Charitable purposes 6,000
    Grand County Pet Pals
    PO Box 1972
    Granby,CO80446     		None PC Charitable purposes 1,500
    Greater Pittsburgh Community Food Bank
    1 N Linden St
    Duquesne,PA15110     		None PC Charitable purposes 50,000
    Hockaday School
    11600 Welch Rd
    Dallas,TX75229     		None PC Charitable purposes 2,000
    Howard School Inc
    1192 Foster Street NW
    Atlanta,GA30318     		None PC Charitable purposes 5,000
    Icahn School of Medicine at Mount Sinai
    One Gustave L Levy Place Box 1049
    New York,NY10029     		None PC Charitable purposes- palliative Care 100,000
    Independent Media Institute
    18 West 21st St Ste 901
    New York,NY10010     		None PC Charitable purposes - private higher education 250,000
    Inova Loudoun Hospital
    8110 Gatehouse Rd Ste 400w
    Falls Church,VA22042     		None PC Charitable purposes 2,000
    Interfaith Youth Core (IFYC)
    141 W Jackson Boulevard Suite 3200
    Chicago,IL60604     		None PC Charitable purposes - interfaith leadership & religious literacy 300,000
    Jefferson Land Trust
    1033 Lawrence St
    Port Townsend,WA98368     		None PC Charitable purposes 1,000
    KERA
    3000 Harry Hines Blvd
    Dallas,TX75201     		None PC Charitable purposes 6,000
    Loyola University
    820 N Michigan Ave
    Chicago,IL60611     		None PC Chariable purposes - private higher education 150,000
    Maine Community Foundation Inc
    245 Main Street
    Ellsworth,ME04605     		None PC Charitable purposes 6,000
    Marquette University
    915 W Wisconsin Ave
    Milwaukee,WI53233     		None PC Charitable purposes - private higher education 297,281
    Middle Park Medical Foundation
    PO Box 252
    Kremmling,CO80459     		None PC Charitable purposes 3,000
    Minds Matter
    PO Box 3149
    Chicago,IL60654     		None PC Charitable purposes 250
    Mountain Family Center
    PO Box 638
    Granby,CO80446     		None PC Charitable purposes 50,000
    National Council of the United States Society of St Vincent de Paul Inc
    66 Progress Pkwy
    Maryland Heights,MO63043     		None PC Charitable purposes 250
    National Foundation for Infectious Diseases
    7201 Wisconsin Ave Ste 750
    Bethesda,MD20814     		None PC Charitable purposes 3,000
    Nine Health Services Inc
    1139 Delaware St
    Denver,CO80204     		None PC Charitable purposes 1,500
    Nonprofit Center of Northeast Florida Inc
    40 E Adams St
    Jacksonville,FL32202     		None PC Charitable purposes 5,000
    North Central College
    30 N Brainard St
    Naperville,IL60540     		None PC Charitable purposes - private higher education 99,750
    North Texas Food Bank
    3677 Mapleshade Lane
    Plano,TX75075     		None PC Charitable purposes 50,000
    Northern Virginia Family Service
    10455 White Granite Dr Ste 100
    Oakton,VA22124     		None PC Charitable purposes 50,000
    Ohio State University Foundation
    1480 W Lane Ave
    Columbus,OH43221     		None PC Charitable purposes - interfaith leadership & religious literacy 220,469
    One America Movement
    1342 Florida Ave NW
    Washington,DC20009     		None PC Charitable purposes - interfaith leadership and religious literacy 198,675
    Partners in Health a Nonprofit Corporation
    800 Boylston St Ste 300
    Boston,MA02199     		None PC Charitable purposes 2,000
    Positive Exposure
    43 E 20th St 6th Floor
    New York,NY10003     		None PC Charitable purposes 2,000
    Project Pericles Inc
    551 5th Ave Ste 1910
    New York,NY10176     		None PC Charitable purposes - private higher education 300,000
    Regents of the University of California at Berkeley
    2195 Hearst Ave Rm 120
    Berkeley,CA94720     		None PC Charitable purposes - private higher education 349,983
    Riverside Presbyterian Church
    46040 Center Oak Plaza Suite 130
    Sterling,VA20166     		None PC Charitable purposes 5,000
    Rockefeller Philanthropy Advisors Inc
    6 W 48th St Fl 10
    New York,NY10036     		None PC Charitable purposes 25,000
    Rocky Mountain Repertory Theatre
    PO Box 1682
    Grand Lake,CO80447     		None PC Charitable purposes 1,500
    Seattle Foundation
    1601 Fifth Ave Ste 1900
    Seattle,WA98101     		None PC Charitable purposes 50,000
    Shining Stars Foundation
    PO Box 1308
    Aspen,CO81612     		None PC Charitable purposes 1,500
    St Anne's Episcopal Church
    1700 Wainwright Dr
    Reston,VA20190     		None PC Charitable purposes 2,000
    St John Paul II Mission
    127 Stonemason Way
    Ponte Vedra,FL32081     		None PC Charitable purposes 500
    St Peter's Church Nursery School
    PO Box 437
    Osterville,MA02655     		None PC Charitable purposes 12,000
    Texas Scottish Rite Hospital For Crippled Children
    2222 Welborn Street
    Dallas,TX75219     		None PC Charitable purposes 3,000
    The Aspen Institute
    PO Box 222
    Queenstown,MD21658     		None PC Charitable purposes - interfaith leadership & religious literacy 100,000
    The Greater Boston Food Bank Inc
    70 South Bay Avenue
    Boston,MA02118     		None PC Charitable purposes 50,000
    Tioga County Rural Ministry Inc
    143 North Ave
    Owego,NY13827     		None PC Charitable purposes 3,000
    Trustees of Boston University
    595 Commonwealth Ave Ste 700 W
    Entrance
    Boston,MA02215     		None PC Charitable purposes - interfaith leadership & religious literacy 78,435
    Union of Concerned Scientists Inc
    2 Brattle Square Ste 6
    Cambridge,MA02138     		None PC Charitable purposes 2,000
    United Way of Greater Atlanta Inc
    40 Courtland St
    Atlanta,GA30303     		None PC Charitable purposes 50,000
    United Way of Northeast Florida
    40 E Adams St
    Jacksonville,FL32202     		None PC Charitable purposes - local initiatives 100,000
    University of Notre Dame
    724 Grace Hall Controllers Office
    Notre Dame,IN46556     		None PC Charitable purposes - interfaith leadership & religiousl literacy 156,743
    University of Vermont and State Agricultural College
    870 Roguelea Lane
    Burlington,VT05405     		None PC Charitable purposes 2,000
    Visiting Nurse Association of Texas
    1600 Viceroy Drive Ste 400
    Dallas,TX75235     		None PC Charitable purposes 3,000
    Warren Wilson College
    Wwc 6376 PO Box 9000
    Asheville,NC28815     		None PC Charitable purposes - private higher education 150,000
    We Filipinos Inc
    5607 University Blvd W
    Jacksonville,FL32216     		None PC Charitable purposes 500
    WETA
    3939 Campbell Avenue
    Arlington,VA22206     		None PC Charitable purposes - public educational media 300,000
    WGBH
    One Guest Street
    Boston,MA02135     		None PC Charitable purposes - public educational media 300,000
    White Oak Conservation Foundation
    227 W Monroe St Ste 4800
    Chicago,IL60606     		None POF Charitable purposes 1,000
    Whittier College
    13406 Philadelphia St
    Whittier,CA90601     		None PC Charitable purposes - private higher education 300,000
    WNET
    825 8th Avenue
    New York,NY10019     		None PC Charitable purposes - public educational media 250,000
    Woodwell Climate Research Center
    149 Woods Hole Road
    Falmouth,MA02540     		None PC Charitable purposes 4,000
    Zaytuna College
    2401 Le Conte Ave
    Berkeley,CA94709     		None PC Charitable purposes - interfaith leadership & religious literacy 150,000
    Total .................................bullet 3a 7,013,686
    bApproved for future payment
    American Journalist Project
    718 7th St NW
    Washington,DC20001     		None PC Charitable purposes - public educational media 750,000
    Association of American Colleges and Universities
    1818 R St NW
    Washington,DC20009     		None PC Charitable purposes - private higher education 185,249
    Conservation X Labs Inc
    1066 31st St NW
    Washington,DC20007     		None PC Charitable purposes - environmental engagement, stewardship, & solutions 350,000
    Independent Media Institute
    18 West 21st St Ste 901
    New York,NY10010     		None PC Charitable purposes - private higher education 125,000
    Loyola University
    820 N Michigan Ave
    Chicago,IL60611     		None PC Charitable purposes - private higher education 150,000
    National Fish and Wildlife Foundation
    1133 15th St NW Ste 1100
    Washington,DC20005     		None PC Charitable purposes - environmental engagement, stewardship, & solutions 350,000
    PBS Foundation
    2100 Crystal Dr 3rd Floor
    Arlington,VA22202     		None SO I Charitable purposes - public educational media 300,000
    Warren Wilson College
    wwc 6376 PO Box 9000
    ASheville,NC28815     		None PC Charitable purposes - private higher education 150,000
    WETA
    3939 Campbell Avenue
    Arlington,VA22206     		None PC Charitable purposes - public educational media 600,000
    WETAFlorentine Films
    3939 Campbell Avenue
    Arlington,VA22206     		None PC Charitable purposes - public educational media 1,000,000
    WGBH
    One Guest Street
    Boston,MA02135     		None PC Charitable purposes - public educational media 800,000
    WJCT
    100 Festival Park Avenue
    Jacksonville,FL32202     		None PC Charitable purposes - local initiatives 250,000
    Total .................................bullet 3b 5,010,249
    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 ...........     		    14 488,888  
    4 Dividends and interest from securities....     14 1,781,204  
    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 13,681,820  
    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 15,951,912 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    15,951,912
    (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

    Form 990PF Part XV Line 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
    A Place to Turn99 Hartford Street
    Natick,MA01760     		None PC Charitable purposes 2,000
    American Council on EducationOne Dupont Circle NW
    Washington,DC20036     		None PC Charitable purposes - private higher education 308,820
    Association of American Colleges and Universities1818 R St NW
    Washington,DC20009     		None PC Charitable purposes - private higher education 235,250
    Atlanta Community Food Bank732 Joseph E Lowery Boulevard NW
    Atlanta,GA30318     		None PC Charitable purposes 2,000
    Bainbridge Island Land TrustP O Box 10144
    Bainbridge Island,WA98110     		None PC Charitable purposes 1,000
    Barnard College3009 Broadway
    New York,NY10027     		None PC Charitable purposes - private higher education 300,000
    Billion Oyster Project10 South St Building Slip 7
    New York,NY10004     		None PC Charitable purposes 2,500
    Calvary United Methodist Church for Long Lake Friends of MusicPO Box 1342
    Winter Park,CO80482     		None PC Charitable purposes 3,000
    Cape and Islands United WayPO Box 367
    Cele,MA02632     		None PC Charitable purposes 50,000
    Carnegie Mellon University5000 Forbes Avenue
    Pittsburgh,PA15213     		None PC Charitable purposes - rivate higher education 205,000
    Center for Large Landscape ConservationPO Box 1587
    Bozeman,MT59771     		None PC Charitable purposes 2,500
    Christ Episcopal Church of Ponte Vedra Beach Charitable FoundationPO Box 1908
    Orlando,FL32802     		None PC Charitable purposes 900
    City Harvest6 E 32nd St 5th Floor
    New York,NY10016     		None PC Charitable purposes 50,000
    Colorado Seminary2199 S University Blvd
    Denver,CO80210     		None PC Charitable purposes- private higher education 300,000
    Community Foundation for Loudoun and Northern Fauquier CountiesPO Box 342
    Leesburg,VA20178     		None PC Charitable purposes 6,000
    Cornell University377 Pine Tree Road
    Ithaca,NY14850     		None PC Charitable purposes 3,000
    Council of Independent Colleges1 Dupont Cir NW Ste 320
    Washington,DC20036     		None PC Charitable purposes - private higher education 130,000
    Dana-Farber Cancer Institute450 Brookline Ave
    Boston,MA02115     		None PC Charitable purposes - palliative care 2,000
    Drake University2507 University Ave
    Des Moines,IA50311     		None PC Charitable purposes - interfaith leadership and religious literacy 287,280
    Family Foundations of Northeast Florida Inc40 E Adams Street 320
    Jacksonville,FL32202     		None PC Charitable purposes 100
    Family Promise Metrowest Inc6 Mulligan St
    Natick,MA01760     		None PC Charitable purposes 2,000
    Finger Lakes Land Trust Inc202 E Court St
    Ithaca,NY14850     		None PC Charitable purposes 3,000
    Food Bank of the Southern Tier388 Upper Oakwood Avenue
    Elmira,NY14903     		None PC Charitable purposes 53,000
    Foundation for Religious Literacy53 State St
    Boston,MA02109     		None PC Charitable purposes 50,000
    Fred Rogers Productions2100 Wharton St Ste 700
    Pittsburgh,PA15203     		None PC Charitable purposes - public educational media 400,000
    Friends of the Library- Ponte Vedra Beach IncPO Box 744
    Ponte Vedra,FL32004     		None PC Charitable purposes 500
    Good Shepherd Food Bank of Maine3121 Hotel Rd
    Auburn,ME04210     		None PC Charitable purposes 6,000
    Grand County Pet PalsPO Box 1972
    Granby,CO80446     		None PC Charitable purposes 1,500
    Greater Pittsburgh Community Food Bank1 N Linden St
    Duquesne,PA15110     		None PC Charitable purposes 50,000
    Hockaday School11600 Welch Rd
    Dallas,TX75229     		None PC Charitable purposes 2,000
    Howard School Inc1192 Foster Street NW
    Atlanta,GA30318     		None PC Charitable purposes 5,000
    Icahn School of Medicine at Mount SinaiOne Gustave L Levy Place Box 1049
    New York,NY10029     		None PC Charitable purposes- palliative Care 100,000
    Independent Media Institute18 West 21st St Ste 901
    New York,NY10010     		None PC Charitable purposes - private higher education 250,000
    Inova Loudoun Hospital8110 Gatehouse Rd Ste 400w
    Falls Church,VA22042     		None PC Charitable purposes 2,000
    Interfaith Youth Core (IFYC)141 W Jackson Boulevard Suite 3200
    Chicago,IL60604     		None PC Charitable purposes - interfaith leadership & religious literacy 300,000
    Jefferson Land Trust1033 Lawrence St
    Port Townsend,WA98368     		None PC Charitable purposes 1,000
    KERA3000 Harry Hines Blvd
    Dallas,TX75201     		None PC Charitable purposes 6,000
    Loyola University820 N Michigan Ave
    Chicago,IL60611     		None PC Chariable purposes - private higher education 150,000
    Maine Community Foundation Inc245 Main Street
    Ellsworth,ME04605     		None PC Charitable purposes 6,000
    Marquette University915 W Wisconsin Ave
    Milwaukee,WI53233     		None PC Charitable purposes - private higher education 297,281
    Middle Park Medical FoundationPO Box 252
    Kremmling,CO80459     		None PC Charitable purposes 3,000
    Minds MatterPO Box 3149
    Chicago,IL60654     		None PC Charitable purposes 250
    Mountain Family CenterPO Box 638
    Granby,CO80446     		None PC Charitable purposes 50,000
    National Council of the United States Society of St Vincent de Paul Inc66 Progress Pkwy
    Maryland Heights,MO63043     		None PC Charitable purposes 250
    National Foundation for Infectious Diseases7201 Wisconsin Ave Ste 750
    Bethesda,MD20814     		None PC Charitable purposes 3,000
    Nine Health Services Inc1139 Delaware St
    Denver,CO80204     		None PC Charitable purposes 1,500
    Nonprofit Center of Northeast Florida Inc40 E Adams St
    Jacksonville,FL32202     		None PC Charitable purposes 5,000
    North Central College30 N Brainard St
    Naperville,IL60540     		None PC Charitable purposes - private higher education 99,750
    North Texas Food Bank3677 Mapleshade Lane
    Plano,TX75075     		None PC Charitable purposes 50,000
    Northern Virginia Family Service10455 White Granite Dr Ste 100
    Oakton,VA22124     		None PC Charitable purposes 50,000
    Ohio State University Foundation1480 W Lane Ave
    Columbus,OH43221     		None PC Charitable purposes - interfaith leadership & religious literacy 220,469
    One America Movement1342 Florida Ave NW
    Washington,DC20009     		None PC Charitable purposes - interfaith leadership and religious literacy 198,675
    Partners in Health a Nonprofit Corporation800 Boylston St Ste 300
    Boston,MA02199     		None PC Charitable purposes 2,000
    Positive Exposure43 E 20th St 6th Floor
    New York,NY10003     		None PC Charitable purposes 2,000
    Project Pericles Inc551 5th Ave Ste 1910
    New York,NY10176     		None PC Charitable purposes - private higher education 300,000
    Regents of the University of California at Berkeley2195 Hearst Ave Rm 120
    Berkeley,CA94720     		None PC Charitable purposes - private higher education 349,983
    Riverside Presbyterian Church46040 Center Oak Plaza Suite 130
    Sterling,VA20166     		None PC Charitable purposes 5,000
    Rockefeller Philanthropy Advisors Inc6 W 48th St Fl 10
    New York,NY10036     		None PC Charitable purposes 25,000
    Rocky Mountain Repertory TheatrePO Box 1682
    Grand Lake,CO80447     		None PC Charitable purposes 1,500
    Seattle Foundation1601 Fifth Ave Ste 1900
    Seattle,WA98101     		None PC Charitable purposes 50,000
    Shining Stars FoundationPO Box 1308
    Aspen,CO81612     		None PC Charitable purposes 1,500
    St Anne's Episcopal Church1700 Wainwright Dr
    Reston,VA20190     		None PC Charitable purposes 2,000
    St John Paul II Mission127 Stonemason Way
    Ponte Vedra,FL32081     		None PC Charitable purposes 500
    St Peter's Church Nursery SchoolPO Box 437
    Osterville,MA02655     		None PC Charitable purposes 12,000
    Texas Scottish Rite Hospital For Crippled Children2222 Welborn Street
    Dallas,TX75219     		None PC Charitable purposes 3,000
    The Aspen InstitutePO Box 222
    Queenstown,MD21658     		None PC Charitable purposes - interfaith leadership & religious literacy 100,000
    The Greater Boston Food Bank Inc70 South Bay Avenue
    Boston,MA02118     		None PC Charitable purposes 50,000
    Tioga County Rural Ministry Inc143 North Ave
    Owego,NY13827     		None PC Charitable purposes 3,000
    Trustees of Boston University595 Commonwealth Ave Ste 700 W
    Entrance
    Boston,MA02215     		None PC Charitable purposes - interfaith leadership & religious literacy 78,435
    Union of Concerned Scientists Inc2 Brattle Square Ste 6
    Cambridge,MA02138     		None PC Charitable purposes 2,000
    United Way of Greater Atlanta Inc40 Courtland St
    Atlanta,GA30303     		None PC Charitable purposes 50,000
    United Way of Northeast Florida40 E Adams St
    Jacksonville,FL32202     		None PC Charitable purposes - local initiatives 100,000
    University of Notre Dame724 Grace Hall Controllers Office
    Notre Dame,IN46556     		None PC Charitable purposes - interfaith leadership & religiousl literacy 156,743
    University of Vermont and State Agricultural College870 Roguelea Lane
    Burlington,VT05405     		None PC Charitable purposes 2,000
    Visiting Nurse Association of Texas1600 Viceroy Drive Ste 400
    Dallas,TX75235     		None PC Charitable purposes 3,000
    Warren Wilson CollegeWwc 6376 PO Box 9000
    Asheville,NC28815     		None PC Charitable purposes - private higher education 150,000
    We Filipinos Inc5607 University Blvd W
    Jacksonville,FL32216     		None PC Charitable purposes 500
    WETA3939 Campbell Avenue
    Arlington,VA22206     		None PC Charitable purposes - public educational media 300,000
    WGBHOne Guest Street
    Boston,MA02135     		None PC Charitable purposes - public educational media 300,000
    White Oak Conservation Foundation227 W Monroe St Ste 4800
    Chicago,IL60606     		None POF Charitable purposes 1,000
    Whittier College13406 Philadelphia St
    Whittier,CA90601     		None PC Charitable purposes - private higher education 300,000
    WNET825 8th Avenue
    New York,NY10019     		None PC Charitable purposes - public educational media 250,000
    Woodwell Climate Research Center149 Woods Hole Road
    Falmouth,MA02540     		None PC Charitable purposes 4,000
    Zaytuna College2401 Le Conte Ave
    Berkeley,CA94709     		None PC Charitable purposes - interfaith leadership & religious literacy 150,000
    Total ...............................bullet 3a 7,013,686
    bApproved for future payment
    American Journalist Project718 7th St NW
    Washington,DC20001     		None PC Charitable purposes - public educational media 750,000
    Association of American Colleges and Universities1818 R St NW
    Washington,DC20009     		None PC Charitable purposes - private higher education 185,249
    Conservation X Labs Inc1066 31st St NW
    Washington,DC20007     		None PC Charitable purposes - environmental engagement, stewardship, & solutions 350,000
    Independent Media Institute18 West 21st St Ste 901
    New York,NY10010     		None PC Charitable purposes - private higher education 125,000
    Loyola University820 N Michigan Ave
    Chicago,IL60611     		None PC Charitable purposes - private higher education 150,000
    National Fish and Wildlife Foundation1133 15th St NW Ste 1100
    Washington,DC20005     		None PC Charitable purposes - environmental engagement, stewardship, & solutions 350,000
    PBS Foundation2100 Crystal Dr 3rd Floor
    Arlington,VA22202     		None SO I Charitable purposes - public educational media 300,000
    Warren Wilson Collegewwc 6376 PO Box 9000
    ASheville,NC28815     		None PC Charitable purposes - private higher education 150,000
    WETA3939 Campbell Avenue
    Arlington,VA22206     		None PC Charitable purposes - public educational media 600,000
    WETAFlorentine Films3939 Campbell Avenue
    Arlington,VA22206     		None PC Charitable purposes - public educational media 1,000,000
    WGBHOne Guest Street
    Boston,MA02135     		None PC Charitable purposes - public educational media 800,000
    WJCT100 Festival Park Avenue
    Jacksonville,FL32202     		None PC Charitable purposes - local initiatives 250,000
    Total ................................bullet 3b 5,010,249

    TY 2020 AccountingFeesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Auditing & tax advisory fees 28,064 5,613   22,451

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    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
    White Oak Conservation Foundation
          		227 W Monroe Street Suite 4800
    Chicago,IL60606     		2020-05-20 1,000 This grant was expended in connection with the Foundation's charitable purpose to support environmental sustainability. The grant was used to develop and implement practical and successful solutions to ensure a future for wildlife populations. Specifically, the grant funds were used to conserve endangered wildlife, educate conservationists, and protect local habitats. 1,000 No diversion of funds from the purpose of the grant. 04/06/21    

    TY 2020 GeneralExplanationAttachment
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Identifier Return Reference Explanation
      Form 990-PF, Part VIII, Line 1, Column b - Corporate Trustee Avrg Hrs/Wk As Corporate Trustee, SunTrust Banks, Inc. provides administrative services such as acting as investment manager for the Foundation. These services require numerous individual bank employees' involvement in the activities of the Foundation and thus cannot be quantified on an hourly basis. Therefore, the Trustee's fees are not based upon an hourly basis but are calculated based upon factors such as the market value of the account and in accordance with the Trustee's agreement with the Foundation.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Adobe, Inc. 189,417 189,417
    American Express Credit 254,356 254,356
    American Intl Group 188,748 188,748
    Apple, Inc. 315,734 315,734
    AT&T Inc 212,429 212,429
    BB&T Corporation 172,955 172,955
    Bank of America Corp 187,986 187,986
    CVS Health Corp 198,916 198,916
    Capital One Financial Co 187,678 187,678
    Cisco Systems Inc 170,529 170,529
    Citigroup Inc 166,959 166,959
    Comcast Corp 181,866 181,866
    Walt Disney Company 162,440 162,440
    Enterprise Products Oper 181,385 181,385
    General Electric Cap Corp 175,258 175,258
    Goldman Sachs Group Inc 198,569 198,569
    Home Depot Inc. 183,344 183,344
    Humana Inc 202,932 202,932
    Intel Corp 192,005 192,005
    JPMorgan Chase & Co 205,417 205,417
    Lowe's Cos Inc 208,706 208,706
    Metlife Inc 179,150 179,150
    Microsoft Corp 221,898 221,898
    Noble Energy Inc 181,897 181,897
    Nvidia Corp 186,740 186,740
    Oracle Group 176,703 176,703
    PNC Financial Services 184,465 184,465
    PayPal Holdings 188,060 188,060
    Pepsico Inc 204,298 204,298
    Prudential Financial Services 196,990 196,990
    Starbucks Corporation 276,819 276,819
    Target Corp 184,119 184,119
    Union Pacific Corp 186,760 186,760
    US Bancorp 148,705 148,705
    United Technologies Corp 197,609 197,609
    UnitedHealth Group Inc 200,592 200,592
    Verizon Communications Inc 198,334 198,334
    Wellpoint Inc 275,980 275,980
    Wells Fargo & Company 287,493 287,493
    Williams Companies Inc 183,266 183,266

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Ishares Core MSCI EAFE ETF 7,811,661 7,811,661
    Vanguard FTSE Emerging Markets ETF 3,912,088 3,912,088
    Vanguard Russell 1000 Value ETF 9,688,046 9,688,046
    Edgewood Growth Fund 11,927,536 11,927,536
    JOHCM International Select Fund 7,956,116 7,956,116
    Conestoga SMID Cap Fund 4,005,502 4,005,502
    Eaton Vance Atlanta Capital SMID Cap Fund 7,857,120 7,857,120
    Fidelity Small Cap Index Premium 7,809,275 7,809,275
    Hartford Dividend and Growth Fund 15,634,050 15,634,050
    T. Rowe Price Institutional Large-Cap Growth Fund 17,966,363 17,966,363
    T. Rowe Price Emerging Markets Stock Fund 3,899,044 3,899,044
    T. Rowe Price QM US Small-Cap Growth Equity Fund 3,910,126 3,910,126
    Vanguard International Growth Fund 9,931,557 9,931,557
    Vanguard Institutional Index Fund 7,828,207 7,828,207
    Vanguard Institutional Index Fund 14,439,337 14,439,337
    Vanguard Total Bond Market Index Fund 11,614,091 11,614,091

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    US Government Securities - End of Year Book Value:

    10,056,144
    US Government Securities - End of Year Fair Market Value:

    10,056,144
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Harbourvest 2015 Global FD LP PFIC FMV 1,325,062 1,325,062
    Harbourvest 2016 Global FD LP PFIC FMV 1,102,288 1,102,288
    Lighthouse Diversified FD LTD CL G Restricted FMV 12,637,826 12,637,826
    Harbourvest 2018 Global Feeder Fund FMV 1,240,099 1,240,099
    Pointer Offshore LTD CL AR-1 SER 2 FMV 5,781,523 5,781,523
    Truebridge Capital Partners Fund VI Cayman LP FMV 97,553 97,553
    Harbourvest 2020 Global Feeder Fd LTD FMV 200,000 200,000
    Pine Grove Offshore FD LTD Low Volatility FD CL A FMV 149,582 149,582

    TY 2020 LegalFeesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 1,886 0   1,886


    TY 2020 OtherAssetsSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Accrued interest and dividends 104,513 105,442 105,442


    TY 2020 OtherExpensesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Computer equipment & maintenance 2,144 0   2,144
    Office supplies 18,689 0   18,689
    Insurance 9,254 0   9,254
    Dues and subscriptions 3,943 0   3,943
    Professional development 1,463 0   1,463
    Software 25,344 0   25,344
    Trustee strategic planning 5,503 0   5,503
    Organizational memberships 7,585 0   7,585
    Outreach 1,344 0   1,344
    Postage 566 0   566
    Website 50,456 0   50,456
    Miscellaneous 2,431 0   207
    IT Support 19,999 0   19,999


    TY 2020 OtherIncreasesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Amount
    Unrealized gains/(losses) on securities 9,997,011


    TY 2020 OtherLiabilitiesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Description Beginning of Year - Book Value End of Year - Book Value
    Federal excise tax payable (receivable) 22,080 182,500


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management fees 59,577 42,529   17,048


    TY 2020 TaxesSchedule
    Name:
    Arthur Vining Davis Foundation #3
    EIN:
    59-6159693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll taxes 34,057 0   34,057
    Federal excise tax 215,500 0   0
    Foreign taxes paid 38,577 38,577   0