Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE MARK E AND MARY A DAVIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)805 ENTERPRISE DRIVE EAST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BELLE PLAINE, MN56011
A Employer identification number

32-6369521
B Telephone number (see instructions)

(952) 873-4821
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$29,355,427J 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... 611,011 611,011  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 20,649
b Gross sales price for all assets on line 6a 4,368,338
7 Capital gain net income (from Part IV, line 2)... 20,649
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........ 631,660 631,660  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 21,525 10,763   10,762
c Other professional fees (attach schedule).... Click to see attachment 176,813 176,813   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,988 12,629   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25 0   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 216,351 200,205   10,787
25 Contributions, gifts, grants paid....... 1,165,983 1,165,983
26 Total expenses and disbursements. Add lines 24 and 25 1,382,334 200,205   1,176,770
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -750,674
b Net investment income (if negative, enter -0-) 431,455
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............. 266,032 364,842 364,842
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 12,278,408 Click to see attachment20,626,348 20,626,348
c Investments—corporate bonds (attach schedule)....... 2,764,684 Click to see attachment2,691,378 2,691,378
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,178,601 Click to see attachment5,672,859 5,672,859
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) 19,487,725 29,355,427 29,355,427
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 19,487,725 29,355,427
29 Total net assets or fund balances (see instructions)..... 19,487,725 29,355,427
30 Total liabilities and net assets/fund balances (see instructions). 19,487,725 29,355,427
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
19,487,725
2
Enter amount from Part I, line 27a .....................
2
-750,674
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,618,376
4
Add lines 1, 2, and 3 ..........................
4
29,355,427
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
29,355,427
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 CAPITAL GAIN DISTRIBUTION P    
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 4,239,422   4,347,689 -108,267
b 128,916     128,916
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       -108,267
b       128,916
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 20,649
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 5,997
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 5,997
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 5,997
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 124
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 5,879
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,879 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJAMES WARD Telephone no.bullet (952) 873-4821

    Located atbullet805 ENTERPRISE DRIVE EAST SUITE HBELLE PLAINEMN ZIP+4bullet56011
    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
    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).
    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
    MARK E DAVIS TRUSTEE
    1.00     		0 0 0
    PO BOX 558
    ST PETER,MN56082
    MARY A DAVIS TRUSTEE
    1.00     		0 0 0
    PO BOX 558
    ST PETER,MN56082
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    25,353,808
    b
    Average of monthly cash balances.......................
    1b
    330,415
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,684,223
    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
    25,684,223
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    385,263
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    25,298,960
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,264,948
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,264,948
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,997
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,997
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,258,951
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,258,951
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,258,951
    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
    1,176,770
    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
    1,176,770
    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
    1,176,770
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,258,951
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 177,299
    b From 2016...... 403,044
    c From 2017...... 435,699
    d From 2018...... 495,474
    e From 2019...... 40,190
    fTotal of lines 3a through e........ 1,551,706
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,176,770
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,176,770
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 82,181 82,181
    (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 1,469,525
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		95,118
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,374,407
    10 Analysis of line 9:
    a Excess from 2016.... 403,044
    b Excess from 2017.... 435,699
    c Excess from 2018.... 495,474
    d Excess from 2019.... 40,190
    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).)
    MARK E DAVIS
    MARY A DAVIS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    MINNESOTA STATE MANKATO FOUNDATION
    236 WIGLEY ADMINISTRATION CENTER
    MANKATO,MN56001     		NONE PC GENERAL SUPPORT 2,500
    JON DENZER BEAR HUG FOUNDATION
    3538 WESTBROOK RD
    CHILLICOTHE,IL61523     		NONE PC GENERAL SUPPORT 2,500
    ALZHEIMER'S DISEASE RESEARCH (BRIGHTFOCUS FOUNDATION)
    22512 GATEWAY CENTER DRIVE
    CLARKSBURG,MD208711950     		NONE PC GENERAL SUPPORT 500
    AMERICAN DIABETES ASSOCIATION
    PO BOX 7017
    MERRIFIELD,VA221169704     		NONE PC GENERAL SUPPORT 500
    AMERICAN PARKINSON DISEASE ASSOCIATION
    PO BOX 97216
    WASHINGTON,DC200907216     		NONE PC GENERAL SUPPORT 500
    ARMY HISTORICAL FOUNDATION
    PO BOX 96281
    WASHINGTON,DC200906281     		NONE PC GENERAL SUPPORT 500
    CITIZENS' COUNCIL FOR HEALTH FREEDOM
    161 ST ANTHONY AVENUE
    SAINT PAUL,MN55103     		NONE PC GENERAL SUPPORT 2,500
    COMMITTEE FOR A CONSTRUCTIVE TOMORROW
    PO BOX 430
    ABINGDON,MD210090430     		NONE PC GENERAL SUPPORT 1,000
    CRAZY HORSE MEMORIAL FOUNDATION
    12151 AVENUE OF THE CHIEFS
    CRAZY HORSE,SD577308900     		NONE PC GENERAL SUPPORT 1,200
    DUCKS UNLIMITED
    PO BOX 98113
    WASHINGTON,DC200777694     		NONE PC GENERAL SUPPORT 250
    EISENHOWER FOUNDATION
    PO BOX 35
    ABILENE,KS674100035     		NONE PC GENERAL SUPPORT 500
    FEDERATED FOUNDATION (NOT ATTENDING EVENT)
    121 EAST PARK SQUARE
    OWATONNA,MN55060     		NONE PC GENERAL SUPPORT 12,500
    FRIENDS OF THE SMITHSONIAN
    PO BOX 98096
    WASHINGTON,DC200908096     		NONE PC GENERAL SUPPORT 500
    GEORGE MASON UNIVERSITY FOUNDATION
    4400 UNIVERSITY DRIVE
    FAIRFAX,VA22030     		NONE PC GENERAL SUPPORT 250
    GREATER MANKATO AREA UNITED WAY
    127 SOUTH SECOND STREET
    MANKATO,MN56001     		NONE PC GENERAL SUPPORT 500
    HABITAT FOR HUMANITY
    1730 BASSETT DRIVE
    MANKATO,MN56001     		NONE PC GENERAL SUPPORT 500
    HARRY S TRUMAN LIBRARY INSTITUTE
    PO BOX 1891
    MERRIFIELD,VA221168091     		NONE PC GENERAL SUPPORT 250
    HIGH HOPES FOR HAITI - MORTEL
    PO BOX 405
    HERSHEY,PA17033     		NONE PC GENERAL SUPPORT 1,000
    HILLSDALE COLLEGE
    33 EAST COLLEGE STREET
    HILLSDALE,MI492429989     		NONE PC GENERAL SUPPORT 5,000
    HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC
    99 CANAL CENTER PLAZA SUITE 320
    ALEXANDRIA,VA22314     		NONE PC GENERAL SUPPORT 250,000
    JUDICIAL WATCH
    425 THIRD STREET SW
    WASHINGTON,DC20024     		NONE PC GENERAL SUPPORT 1,000
    KNIGHTS TEMPLAR EYE FOUNDATION INC
    1033 LONG PRAIRIE ROAD
    FLOWER MOUND,TX750224230     		NONE PC GENERAL SUPPORT 500
    LEADERSHIP INSTITUTE
    1101 NORTH HIGHLAND STREET
    ARLINGTON,VA22201     		NONE PC GENERAL SUPPORT 500
    MINNESOTA SPECIAL OLYMPICS
    PO BOX 626
    ALBERT LEA,MN560070626     		NONE PC GENERAL SUPPORT 250
    MINNESOTA STATE FAIR FOUNDATION
    1265 SNELLING AVENUE N
    SAINT PAUL,MN55108     		NONE PC GENERAL SUPPORT 7,500
    MOUNT VERNON
    PO BOX 1594
    MERRIFIELD,VA221161594     		NONE PC GENERAL SUPPORT 250
    MULTIPLE SCLEROSIS ASSOCIATION OF AMERICA
    PO BOX 96219
    WASHINGTON,DC200906219     		NONE PC GENERAL SUPPORT 250
    MUSCULAR DYSTROPHY ASSOCIATION
    PO BOX 97075
    WASHINGTON,DC200907075     		NONE PC GENERAL SUPPORT 250
    NATIONAL LAW ENFORCEMENT OFFICERS MEMORIAL FUND
    PO BOX 97072
    WASHINGTON,DC200907072     		NONE PC GENERAL SUPPORT 250
    NATIONAL REVIEW INSTITUTE
    PO BOX 97172
    WASHINGTON,DC200777923     		NONE PC GENERAL SUPPORT 25,000
    NATIONAL RIGHT TO WORK LEGAL DEFENSE FOUNDATION
    8001 BRADDOCK ROAD
    SPRINGFIELD,VA221519988     		NONE PC GENERAL SUPPORT 1,500
    PROJECT VERITAS
    PO BOX 98217
    WASHINGTON,DC200908217     		NONE PC GENERAL SUPPORT 1,000
    SHRINERS HEALTHCARE HOSPITAL FOR CHILDREN
    2025 EAST RIVER PARKWAY
    MINNEAPOLIS,MN55414     		NONE PC GENERAL SUPPORT 10,000
    SMILE NETWORK INTERNATIONAL
    108 W 14TH STREET
    MINNEAPOLIS,MN55403     		NONE PC GENERAL SUPPORT 1,500
    SMITHSONIAN - NATIONAL AIR AND SPACE MUSEUM
    PO BOX 98091
    WASHINGTON,DC200908091     		NONE PC GENERAL SUPPORT 500
    SMITHSONIAN - NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY AND CULTURE
    PO BOX 98097
    WASHINGTON,DC200908097     		NONE PC GENERAL SUPPORT 500
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PC GENERAL SUPPORT 10,000
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIVE
    ARLINGTON,VA22209     		NONE PC GENERAL SUPPORT 500
    TAX FOUNDATION
    1325 G STREET NW
    WASHINGTON,DC20005     		NONE PC GENERAL SUPPORT 500
    THE CHARLEMAGNE INSTITUTE
    8011 34TH AVENUE S
    BLOOMINGTON,MN554259050     		NONE PC GENERAL SUPPORT 2,500
    THE RICHARD NIXON FOUNDATION
    18001 YORBA LINDA BOULEVARD
    YORBA LINDA,CA928863949     		NONE PC GENERAL SUPPORT 350
    THE SALVATION ARMY
    PO BOX 7187
    SAINT PAUL,MN551070187     		NONE PC GENERAL SUPPORT 2,500
    UNCF
    PO BOX 55040
    BOSTON,MA022059822     		NONE PC GENERAL SUPPORT 3,750
    UNITED STATES HOLOCAUST MEMORIAL MUSEUM
    PO BOX 1566
    MERRIFIELD,VA221169583     		NONE PC GENERAL SUPPORT 500
    WOUNDED WARRIOR PROJECT
    PO BOX 758541
    TOPEKA,KS666758541     		NONE PC GENERAL SUPPORT 250
    SCC NORTH MANKATO CAMPUS FOUNDATION
    1920 LEE BOULEVARD
    NORTH MANKATO,MN56003     		NONE PC GENERAL SUPPORT 54,583
    SDSU
    1451 STADIUM ROAD
    BROOKINGS,SD57007     		NONE GOV GENERAL SUPPORT 10,000
    JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST
    210 E LIME STREET
    MANKATO,MN56001     		NONE PC GENERAL SUPPORT 60,000
    BLUE EARTH COUNTY HISTORICAL SOCIETY
    424 WARREN STREET
    MANKATO,MN56001     		NONE PC GENERAL SUPPORT 500
    CATO INSTITUTE
    1000 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001     		NONE PC GENERAL SUPPORT 15,000
    MEDIA RESEARCH CENTER
    1900 CAMPUS COMMONS DRIVE
    RESTON,VA20191     		NONE PC GENERAL SUPPORT 1,000
    MINNESOTA FFA FOUNDATION
    PO BOX 365
    PLAINVIEW,MN55964     		NONE PC GENERAL SUPPORT 1,000
    MINNESOTA HISTORICAL SOCIETY (NORTH STAR CIRCLE MEMBERSHIP)
    345 KELLOGG BOULEVARD WEST
    SAINT PAUL,MN55102     		NONE PC GENERAL SUPPORT 25,000
    MINNESOTANS' MILITARY APPRECIATION FUND
    PO BOX 2070
    MINNEAPOLIS,MN55402     		NONE PC GENERAL SUPPORT 25,000
    MINNESOTA VOTERS ALLIANCE
    PO BOX 4602
    SAINT PAUL,MN55104     		NONE PC GENERAL SUPPORT 1,000
    SOUTHERN MINNESOTA INITIATIVE FOUNDATION
    PO BOX 695
    OWATONNA,MN55060     		NONE PC GENERAL SUPPORT 20,000
    BOLDER OPTIONS
    2100 STEVENS AVENUE SOUTH
    MINNEAPOLIS,MN55404     		NONE PC GENERAL SUPPORT 5,000
    CENTER OF THE AMERICAN EXPERIMENT
    8421 WAYZATA BOULEVARD
    GOLDEN VALLEY,MN554269918     		NONE PC GENERAL SUPPORT 25,000
    CHURCH OF THE HOLY COMMUNION
    118 N MINNESOTA AVE
    ST PETER,MN56082     		NONE PC GENERAL SUPPORT 12,500
    CHURCH OF SAINT PETER
    1801 W BROADWAY
    ST PETER,MN56082     		NONE PC GENERAL SUPPORT 10,000
    EPISCOPAL HOMES FOUNDATION
    490 E LYNNHURST AVENUE
    SAINT PAUL,MN55104     		NONE PC GENERAL SUPPORT 500
    GEORGE W BUSH FOUNDATION
    2943 SMU BOULEVARD
    DALLAS,TX75205     		NONE PC GENERAL SUPPORT 25,000
    GUSTAVUS - REN ANDERSON FUND
    800 WEST COLLEGE AVENUE
    SAINT PETER,MN560821498     		NONE PC GENERAL SUPPORT 1,000
    THE HERITAGE FOUNDATION
    PO BOX 97057
    WASHINGTON,DC200907057     		NONE PC GENERAL SUPPORT 1,000
    JOHN IRELAND SCHOOL
    1801 WEST BROADWAY AVENUE
    SAINT PETER,MN56082     		NONE PC GENERAL SUPPORT 2,500
    MINNESOTA 4-H (UNIVERSITY OF MINNESOTA FOUNDATION)
    PO BOX 860266
    MINNEAPOLIS,MN554860266     		NONE PC GENERAL SUPPORT 2,000
    MINNESOTA FARM BUREAU FOUNDATION
    PO BOX 64370
    SAINT PAUL,MN55164     		NONE PC GENERAL SUPPORT 250
    MINNESOTA STATE UNIVERSITY MANKATO COLLEGE OF BUSINESS
    120 MORRIS HALL
    MANKATO,MN56001     		NONE PC GENERAL SUPPORT 25,000
    PHEASANTS FOREVER
    PO BOX 129
    KNIFE RIVER,MN556090129     		NONE PC GENERAL SUPPORT 250
    SAINT ANNE'S SCHOOL
    PO BOX 162
    LE SUEUR,MN56058     		NONE PC GENERAL SUPPORT 2,500
    SCIENCE MUSEUM OF MINNESOTA
    120 WEST KELLOGG BOULEVARD
    SAINT PAUL,MN55102     		NONE PC GENERAL SUPPORT 2,500
    UNION GOSPEL MISSION
    PO BOX 64389
    SAINT PAUL,MN551640389     		NONE PC GENERAL SUPPORT 500
    UNIVERSITY OF MINNESOTA FOUNDATION (2021 DIAMOND AWARDS)
    200 OAK STREET SE
    MINNEAPOLIS,MN554552010     		NONE PC GENERAL SUPPORT 3,500
    CARING BRIDGE
    PO BOX 6032
    ALBERT LEA,MN560079854     		NONE PC GENERAL SUPPORT 500
    CHILDREN'S MUSEUM OF SOUTHERN MINNESOTA
    224 LAMM STREET
    MANKATO,MN56001     		NONE PC GENERAL SUPPORT 2,500
    DELTA WATERFOWL FOUNDATION
    1412 BASIN AVENUE
    BISMARCK,ND58502     		NONE PC GENERAL SUPPORT 500
    FREEDOM FOUNDATION OF MINNESOTA
    825 NICOLLET MALL
    MINNEAPOLIS,MN55402     		NONE PC GENERAL SUPPORT 1,500
    FRIENDS OF HUNT HILL AUDUBON SANCTUARY
    N2384 HUNT HILL ROAD
    SARONA,WI54870     		NONE PC GENERAL SUPPORT 1,000
    HAVE INC
    PO BOX 190
    LE SUEUR,MN56058     		NONE PC GENERAL SUPPORT 2,500
    MANKATO AREA FOUNDATION
    127 SOUTH SECOND STREET
    MANKATO,MN56001     		NONE PC GENERAL SUPPORT 500
    MAYO
    200 FIRST STREET SW
    ROCHESTER,MN55905     		NONE PC GENERAL SUPPORT 400,000
    MINNESOTA AGRICULTURE IN THE CLASSROOM
    PO BOX 987
    BEMIDJI,MN56619     		NONE PC GENERAL SUPPORT 500
    MINNESOTA MASONIC CHARITIES
    11501 MASONIC HOME DRIVE
    MINNEAPOLIS,MN554373699     		NONE PC GENERAL SUPPORT 1,500
    MINNESOTA WELSH ASSOCIATION
    PO BOX 267
    LAKE CRYSTAL,MN56055     		NONE PC GENERAL SUPPORT 1,000
    MN LANDSCAPE ARBORETUM FOUNDATION
    3675 ARBORETUM DRIVE
    CHASKA,MN55318     		NONE PC GENERAL SUPPORT 500
    NEY NATURE CENTER - A LE SUEUR COUNTY PARK
    PO BOX 93
    HENDERSON,MN560440093     		NONE PC GENERAL SUPPORT 1,000
    NICOLLET COUNTY HISTORICAL SOCIETY
    1851 NORTH MINNESOTA AVENUE
    SAINT PETER,MN56082     		NONE PC GENERAL SUPPORT 10,000
    NORTHERN STAR SCOUTING
    6202 BLOOMINGTON ROAD
    FORT SNELLING,MN55111     		NONE PC GENERAL SUPPORT 1,000
    SECOND HARVEST HEARTLAND
    7101 WINNETKA AVENUE
    BROOKLYN PARK,MN55428     		NONE PC GENERAL SUPPORT 500
    ST PETER - KASOTA DOLLARS FOR SCHOLARS
    PO BOX 233
    SAINT PETER,MN56082     		NONE PC GENERAL SUPPORT 500
    THE CLAREMONT INSTITUTE
    1317 W FOOTHILL BOULEVARD
    UPLAND,CA91786     		NONE PC GENERAL SUPPORT 2,000
    THE RONALD REAGAN PRESIDENTIAL FOUNDATION
    40 PRESIDENTIAL DRIVE
    SIMI VALLEY,CA93065     		NONE PC GENERAL SUPPORT 350
    TWIN CITIES PUBLIC TELEVISION
    172 E 4TH STREET
    SAINT PAUL,MN55101     		NONE PC GENERAL SUPPORT 50,000
    MINNESOTA INDEPENDENT SCHOOL FORUM
    445 MINNESOTA STREET
    SAINT PAUL,MN551015000     		NONE PC GENERAL SUPPORT 1,500
    Total .................................bullet 3a 1,165,983
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 611,011  
    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 20,649  
    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).. 0 631,660 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    631,660
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE MARK E AND MARY A DAVIS FOUNDATION
    EIN:
    32-6369521
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 21,525 10,763   10,762

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE MARK E AND MARY A DAVIS FOUNDATION
    EIN:
    32-6369521
    Name of Bond End of Year Book Value End of Year Fair Market Value
    EATON VANCE SHORT DUR DIV IN 143,364 143,364
    JOHN HANCOCK INCOME SECURITIES TRUST 73,239 73,239
    INSIGHT SELECT INCOME FUND 83,945 83,945
    PUTNAM PREMIER INCOME TRUST 87,366 87,366
    PUTNAM MASTER INTERMEDIATE INCOME 122,841 122,841
    TCW STRATEGIC INCOME FUND INC 22,191 22,191
    BARINGS GLOBAL SHORT DURATION 13,676 13,676
    BLACKROCK INCOME TRUST 89,124 89,124
    BLACKROCK CORE BOND TRUST 67,136 67,136
    BLACKROCK CREDIT ALLOCATION 156,904 156,904
    BLACKROCK ENHANCED GOVT FD 45,849 45,849
    BLACKROCK DEBT STRATEGIES FD 17,868 17,868
    BLACKSTONE LONG-SHORT CREDIT I 21,658 21,658
    BLACKSTONE STRATEGIC CREDIT FU 17,619 17,619
    BNYM HIGH YIELD STRAT 24,776 24,776
    FRANKLIN LIMITED DURATION IN 76,380 76,380
    CREDIT SUISSE ASSET MGMT INC 15,199 15,199
    CREDIT SUISSE HIGH YIELD BD 23,940 23,940
    FIRST TRUST MORTGAGE INCOME 79,087 79,087
    FIRST TRUST HIGH INCOME LONG 11,815 11,815
    FIRST TRUST ABERDEEN GLOBAL 17,935 17,935
    EATON VANCE LTD DURATION FD 171,661 171,661
    INVESCO BOND FD 47,175 47,175
    INVESCO HIGH INCOME 2023 TAR 10,959 10,959
    INVESCO HIGH INCOME 2024 TAR 12,208 12,208
    INVESCO MUNICIPAL OPPORTUNI 12,820 12,820
    INVESCO AD MIT II 1,406 1,406
    IVY HIGH INCOME OPPORTUNITY 6,639 6,639
    NEW AMERICA HIGH INCOME FUND 16,843 16,843
    NUVEEN PREFERRED & INCOME SECURITIES FUND 72,974 72,974
    NUVEEN PREFERRED & INCOME 21,849 21,849
    NUVEEN TAXABLE MUNICIPAL INCOME FUND 10,378 10,378
    NUVEEN MULTI-MKT INC FD 75,710 75,710
    NUVEEN PFD AND INC TERM FD 19,688 19,688
    NUVEEN PREFERRED INCOME 2022 12,173 12,173
    MFS CHARTER INCOME TRUST 52,620 52,620
    MFS INTERMEDIATE INC TRUST 122,587 122,587
    MFS GOVT MARKETS INC TRUST 16,157 16,157
    PGIM HIGH YIELD BOND FUND INC 30,210 30,210
    PGIM GLOBAL HIGH YIELD FUND INC 19,026 19,026
    PIMCO STRATEGIC INCOME FUND INC 43,282 43,282
    DUFF & PHELPS UTIL & CORP BD 23,046 23,046
    DTF TAX-FREE INCOME INC 11,920 11,920
    WELLS FARGO INCOME OPPORTUNI 18,897 18,897
    WESTERN ASSET MORTGAGE OPPORTUNITY 17,016 17,016
    WESTERN ASSET PREMIER BOND FUND 32,591 32,591
    FHLMC 2411 CL ZE 100,588 100,588
    FHLMC GOLD G80363 7% 10/20/35 48,295 48,295
    FHLMC GOLD G07505 7% 02/01/39 80,222 80,222
    FNMA AL6607 6.5% 03/01/40 64,737 64,737
    FNMA 2004-T3 CL 1A1 116,622 116,622
    DOUBLELINE OPPORTUNISTIC 49,126 49,126
    WESTERN ASSET INFLATION-LINKED 62,051 62,051
    WESTERN ASSET INFLATION-LINKED 45,218 45,218
    WESTERN ASSET INV GRA DEF OP 13,416 13,416
    ABERDEEN INCOME CREDIT STRATE 6,468 6,468
    INVESCO DYNAMIC CREDIT OPP 12,888 12,888

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE MARK E AND MARY A DAVIS FOUNDATION
    EIN:
    32-6369521
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 484,493 484,493
    ABBVIE INC 222,336 222,336
    ALPHABET INC/CA-CL A 517,029 517,029
    AMERIPRISE FINANCIAL INC 252,629 252,629
    APPLE INC 1,705,067 1,705,067
    APPLIED MATERIALS INC 310,680 310,680
    ARTHUR J GALLAGHER & CO 278,348 278,348
    BANK OF AMERICA CORP 172,767 172,767
    BROADCOM LTD 437,850 437,850
    CONAGRA BRANDS INC 221,186 221,186
    CONSTELLATION BRANDS INC - A 328,575 328,575
    CVS HEALTH CORP 276,615 276,615
    ESTEE LAUDER COMPANIES - CL A 350,040 350,040
    FEDEX CORP 266,111 266,111
    GOLDMAN SACHS GROUP INC 226,791 226,791
    HOME DEPOT INC 563,114 563,114
    HONEYWELL INTERNATIONAL INC 388,178 388,178
    JOHNSON & JOHNSON 535,092 535,092
    JP MORGAN CHASE & CO 552,755 552,755
    LOCKHEED MARTIN CORP 283,984 283,984
    L3HARRIS TECHNOLOGIES INC 203,197 203,197
    MCDONALDS CORP 230,674 230,674
    MICROSOFT CORP 1,523,577 1,523,577
    MONDELEZ INTERNATIONAL INC - A 224,853 224,853
    NEXTERA ENERGY INC 501,475 501,475
    NVIDIA CORP 274,155 274,155
    PEPSICO INC 537,561 537,561
    PFIZER INC 279,756 279,756
    QUALCOMM INC 127,204 127,204
    ROCKWELL AUTOMATION INC 225,729 225,729
    SHERWIN-WILLIAMS CO/THE 341,733 341,733
    SCOTTS MIRACLE-GRO CO-CL A 278,796 278,796
    STARBUCKS CORP 510,830 510,830
    T ROWE PRICE GROUP INC 355,767 355,767
    THERMO FISHER SCIENTIFIC INC 302,900 302,900
    UNION PACIFIC CORP 494,523 494,523
    UNITEDHEALTH GROUP INC 254,243 254,243
    US BANKCORP DEL 186,865 186,865
    VERIZON COMMUNICATIONS INC 351,031 351,031
    WASTE MANAGEMENT INC 336,101 336,101
    WEC ENERGY GROUP, INC 292,195 292,195
    3M CO 157,311 157,311
    ACCENTURE PLC-CL A 424,466 424,466
    ADIDAS AG-SPONSORED ADR 283,635 283,635
    ALLIANZ SE-SPON ADR 197,200 197,200
    ASTRAZENECA PLC - SPONS ADR 224,955 224,955
    BAE SYSTEMS PLC - SPON ADR 184,620 184,620
    CHUBB LTD 193,229 193,229
    DIAGEO PLC - SPONSORED ADR 357,323 357,323
    IBERDROLA S A 402,500 402,500
    LOGITECH INTERNATIONAL - REG 213,818 213,818
    MEDTRONIC PLC 317,844 317,844
    NESTLE S A 538,935 538,935
    RELX NV 228,105 228,105
    SANOFI-ADR 142,126 142,126
    SIEMENS AG 240,497 240,497
    TRANE TECHOLOGIES PLC 214,111 214,111
    AMCOR PLC 98,868 98,868

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE MARK E AND MARY A DAVIS FOUNDATION
    EIN:
    32-6369521
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LEP XVI (LANDMARK) PRIVATE FMV 384,191 384,191
    SIT DEV MARKETS GROWTH FUND FMV 1,416,513 1,416,513
    SIT SMALL CAP GROWTH FUND FMV 3,744,651 3,744,651
    AMERICAN TOWER CORP FMV 127,504 127,504

    TY 2020 OtherExpensesSchedule
    Name:
    THE MARK E AND MARY A DAVIS FOUNDATION
    EIN:
    32-6369521
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MN AG FILING FEE 25 0   25


    TY 2020 OtherIncreasesSchedule
    Name:
    THE MARK E AND MARY A DAVIS FOUNDATION
    EIN:
    32-6369521
    Description Amount
    UNREALIZED GAINS 10,609,345
    TAX EXEMPT INCOME 9,031


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE MARK E AND MARY A DAVIS FOUNDATION
    EIN:
    32-6369521
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKERAGE FEES 176,813 176,813   0


    TY 2020 TaxesSchedule
    Name:
    THE MARK E AND MARY A DAVIS FOUNDATION
    EIN:
    32-6369521
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT 5,359 0   0
    FOREIGN TAX PAYMENT 12,629 12,629   0