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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
The Paul and Carol David Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)4048 Dressler Rd NW 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Canton, OH44718
A Employer identification number

34-1319236
B Telephone number (see instructions)

(330) 479-0200
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$78,373,900J 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 45 45  
4 Dividends and interest from securities... 1,305,975 1,305,975  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,315,297
b Gross sales price for all assets on line 6a 21,970,995
7 Capital gain net income (from Part IV, line 2)... 4,315,297
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,059,711 759,208  
12 Total. Add lines 1 through 11........ 6,681,028 6,380,525  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,239 22,410   48,029
14 Other employee salaries and wages...... 277,957 94,777   183,180
15 Pension plans, employee benefits....... 95,281 27,560   58,535
16a Legal fees (attach schedule)......... Click to see attachment 3,404 681   0
b Accounting fees (attach schedule)....... Click to see attachment 4,061 2,843   1,218
c Other professional fees (attach schedule).... Click to see attachment 1,987 596   596
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 74,454 24,691   12,428
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,982 0  
20 Occupancy.............. 46,659 18,664   18,664
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 794,581 743,310   45,651
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,375,605 935,532   368,301
25 Contributions, gifts, grants paid....... 3,314,269 3,314,269
26 Total expenses and disbursements. Add lines 24 and 25 4,689,874 935,532   3,682,570
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,991,154
b Net investment income (if negative, enter -0-) 5,444,993
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 195,587 106,660 106,660
2 Savings and temporary cash investments......... 1,407,155 676,565 676,565
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   44,972 0 0
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 39,355,268 Click to see attachment43,207,564 52,353,377
14 Land, buildings, and equipment: basis bullet157,517
Less: accumulated depreciation (attach schedule) bullet108,284 51,215 Click to see attachment49,233 49,233
15 Other assets (describe bullet) Click to see attachment20,378,479 Click to see attachment19,382,027 Click to see attachment25,188,065
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 61,432,676 63,422,049 78,373,900
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 61,432,676 63,422,049
29 Total net assets or fund balances (see instructions)..... 61,432,676 63,422,049
30 Total liabilities and net assets/fund balances (see instructions). 61,432,676 63,422,049
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
61,432,676
2
Enter amount from Part I, line 27a .....................
2
1,991,154
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
63,423,830
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,781
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
63,422,049
Form 990-PF (2021)
Form 990-PF (2021)
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 Fidelity - Capital Gains P 2021-01-01 2021-12-31
b Capital Gains/Losses from PTP's P 2021-01-01 2021-12-31
c Capital Gains Dividends P    
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 20,312,328   17,655,698 2,656,630
b 966,628     966,628
c 692,039     692,039
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       2,656,630
b       966,628
c       692,039
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 4,315,297
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 75,685
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 75,685
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 39,261
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 62,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 101,261
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 6
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 25,570
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet25,570 RefundedBullet 11 0
Part VI-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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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.davidfoundation.org
    14
    The books are in care ofbulletWalter J Stanislawski Telephone no.bullet (330) 479-0200

    Located atbullet4048 Dressler Rd NW 200CantonOH ZIP+4bullet44718
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    Carol David Chairperson
    8.00     		0 0 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Thomas G Knoll Trustee
    2.00     		0 0 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Jeffrey David President
    35.00     		51,239 29,541 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Scott F Whetstone Trustee
    2.00     		24,000 0 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    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
    Walt Stanislawski Staff
    40.00     		221,007 43,631 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Christy Melert Staff
    40.00     		56,950 22,109 0
    4048 Dressler Rd NW 200
    Canton,OH44718
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    Oxford Financial Group Investment Fees 221,277
    11711 North Meridian St Ste 600
    Carmel,IN46032
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 Support of local charitable organizations for development and maintenance of after-school projects and community development. 1,882,356
    2 Granting scholarships to qualified high school students in Stark County. 1,268,705
    3 Grants to local school districts and universities for operational expenses and educational programs. 97,528
    4 Grants to local churches for monthly support and building and improvements projects. 53,180
    Part VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    76,595,325
    b
    Average of monthly cash balances.......................
    1b
    384,864
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    76,980,189
    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
    76,980,189
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,154,703
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    75,825,486
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,791,274
    Part X
    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 IX, line 6..................
    1
    3,791,274
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    75,685
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    75,685
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,715,589
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,715,589
    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 XII, line 1 ...
    7
    3,715,589
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 3,715,589
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 2,497,546
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,682,570
    a Applied to 2020, but not more than line 2a 2,497,546
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment0
    d Applied to 2021 distributable amount..... 1,185,024
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		2,530,565
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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:
    Jeffrey David
    4048 Dressler Rd NW 200
    Canton,OH44718
    (330) 479-0200
    bThe form in which applications should be submitted and information and materials they should include:
    Applications to be requested from individual in 2(a) above.
    cAny submission deadlines:
    None.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Scholarships to qualified high school students in Stark County, Ohio.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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 Community Christmas
    PO Box 20050
    Canton,OH44701     		    Charitable 5,000
    Akron Children's Hospital Foundation
    One Perkins Square
    Akron,OH44308     		    Charitable 1,000
    Ashland University
    401 College Avenue
    Ashland,OH44805     		    Scholarships 14,000
    Baldwin Wallace University
    275 EASTLAND RD
    BEREA,OH44017     		    Scholarships 7,000
    Belmont University
    1900 Belmont Blvd
    Nashville,TN37212     		    Scholarships 7,000
    Bishop's Appeal
    PO Box 659
    Youngstown,OH445010659     		    Charitable 1,500
    Bowling Green State University
    319 Administration Building
    Bowling Green,OH43403     		    Scholarships 42,000
    Boys & Girls Club of Massillon
    730 Duncan Street SW
    Massillon,OH44647     		    Charitable 101,700
    Calvin University
    3201 Burton SE
    Grand Rapids,MI49546     		    Scholarships 7,000
    Capital University
    One College Main St
    Columbus,OH43209     		    Scholarships 14,000
    Case Western Reserve University
    Hall Room 435 2049 Martin Luther
    King Jr Drive
    Cleveland,OH441067049     		    Scholarships 35,000
    Cedarville University
    251 North Main Street
    Cedarville,OH45314     		    Scholarships 21,000
    Cleveland State University
    2121 Euclid Avenue
    Cleveland,OH441152214     		    Scholarships 21,000
    Clinton Community College
    1000 Lincoln Blvd
    Clinton,IA52732     		    Scholarships 860
    Coastal Carolina University
    PO Box 261954
    Conway,SC295286054     		    Scholarships 7,000
    College of Wooster
    1189 Beall Avenue
    Wooster,OH44691     		    Scholarships 21,000
    Denison University
    1 MAIN STREET
    GRANVILLE,OH43023     		    Scholarships 7,000
    Duke University
    PO Box 90759
    Durham,NC27708     		    Scholarships 7,000
    Habitat for Humanity East Central Ohio
    1400 Raff Road SW
    Canton,OH44710     		    Charitable 75,000
    Heidelberg University
    310 E Market Street
    Tiffin,OH44883     		    Scholarships 7,000
    Help Hope Live
    2 Radnor Corporate Center Suite 100
    100 Matsonford RD
    Radnor,PA19087     		    Charitable 8,000
    Hiram College
    Hinsdale Hall 3rd Floor
    HIRAM,OH44234     		    Scholarships 14,000
    Jacksonville University
    2800 University Blvd N
    Jacksonville,FL32211     		    Scholarships 7,000
    John Carroll University
    20700 North Park Blvd
    University Hts,OH44118     		    Scholarships 14,000
    Kent State University
    PO Box 5190
    Kent,OH442420001     		    Scholarships 193,584
    Liberty University
    PO Box 10425
    Lynchburg,VA24506     		    Scholarships 14,000
    Malone University
    515 25th Street NW
    Canton,OH44709     		    Scholarships 14,000
    Marshall University
    One John Marshall Drive
    Huntington,WV257554200     		    Scholarships 7,000
    Massillon Museum
    121 Lincoln Way EastOhio
    Massillon,OH44646     		    Charitable 50,000
    Miami University (Ohio)
    301 South Campus Ave Room 107
    Oxford,OH45056     		    Scholarships 42,000
    Ohio Northern University
    525 South Main Street
    Ada,OH45810     		    Scholarships 3,500
    Ohio University
    20 Chubb Hall
    Athens,OH45701     		    Scholarships 115,500
    Passthrough from Partnership K-1's
    Various - 4048 Dressler Rd NW 200
    Canton,OH44718     		    Charitable 156
    Pensacola Christian College
    250 Brent Lane
    Pensacola,FL32503     		    Scholarships 7,000
    Prevent Blindness Ohio Affiliate
    6803 Mayfield Road Suite 111
    Cleveland,OH44124     		    Charitable 3,500
    Ronald McDonald House
    141 West State Street
    Akron,OH44302     		    Charitable 4,000
    Seton Hill University
    1 Seton Hill Drive
    Greensburg,PA15601     		    Scholarships 7,000
    Slippery Rock University
    108 Maltby Ave Suite 107
    Slippery Rock,PA16057     		    Scholarships 3,500
    St Bonaventure University
    PO Box 2448
    St Bonaventure,NY14778     		    Scholarships 7,000
    St Joseph's Church
    322 Third Street SE
    Massillon,OH44646     		    Charitable 41,680
    St Vincent de Paul Society
    c/o Ms Peggy Mang 214 Taggert NE
    Massillon,OH44646     		    Charitable 10,000
    Stark Community Foundation
    220 Market Avenue South
    Canton,OH44702     		    Charitable 1,600,000
    Stark County Hunger Task Force
    408 9th Street SW
    Canton,OH44707     		    Charitable 40,000
    Stark Economic Development Board
    400 3rd Street SESuite 310
    Canton,OH44702     		    Charitable 16,500
    Stark Education Partnership
    400 Market Avenue N B Plaza
    Canton,OH44702     		    Charitable 47,528
    Stark State College
    6200 Frank Avenue NW
    North Canton,OH44720     		    Scholarships 13,912
    The Ohio State University
    281 W Lane Ave
    Columbus,OH43210     		    Scholarships 207,125
    The University of Akron
    PO Box 2260
    Akron,OH44309     		    Scholarships 90,224
    Tiffin University
    155 Miami Street
    Tiffin,OH44883     		    Scholarships 7,000
    University of Cincinnati
    PO Box 210140
    Cincinnati,OH452210140     		    Scholarships 38,500
    University of Dayton
    300 College Park
    Dayton,OH454695029     		    Scholarships 7,000
    University of Michigan
    2500 Student Activities Building
    515 E Jefferson Street
    Ann Arbor,MI481091316     		    Scholarships 14,000
    University of Mount Union
    1972 Clark Avenue
    Alliance,OH44601     		    Scholarships 87,500
    University of Toledo
    2801 W Bancroft Street
    Toledo,OH436063390     		    Scholarships 24,500
    Walsh University
    2020 East Maple Street
    North Canton,OH447203336     		    Scholarships 56,000
    West Virginia University
    PO Box 6410
    Morgantown,WV265066410     		    Scholarships 21,000
    Westminster College
    319 South Market Street
    New Wilmington,PA16172     		    Scholarships 7,000
    Wishes Can Happen
    1170 South Main Street
    North Canton,OH44720     		    Charitable 15,000
    Wittenberg University
    PO Box 720
    Springfield,OH455010702     		    Scholarships 7,000
    Xavier University
    3800 VICTORY PARKWAY
    CINCINNATI,OH452074511     		    Scholarships 7,000
    YMCA of Western Stark County
    131 Tremont Ave SE
    Massillon,OH44646     		    Charitable 25,000
    Youngstown State University
    One University Plaza
    Youngstown,OH44555     		    Scholarships 14,000
    Total .................................bullet 3a 3,314,269
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 45  
    4 Dividends and interest from securities ....          
    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 4,315,297  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOrdinary Income (Loss) from PTP's     		900003 298,883      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 298,883 6,382,145 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,681,028
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 4,061 2,843   1,218

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

    TY 2021 DepreciationSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Office Furniture - Ohio Desk 2006-02-28 22,692 22,692 SL 5.000000000000 0 0    
    2006 Schalarship Picture & Re-frame 2006-09-15 1,636 1,636 SL 5.000000000000 0 0    
    60" Pioneer Elite Pro-1540HD & installation 2007-06-14 6,590 6,590 SL 5.000000000000 0 0    
    Appliances - Home Appliance Co 2006-04-01 2,012 2,012 SL 5.000000000000 0 0    
    Carpet for new office buildout 2006-04-01 14,492 14,492 SL 7.000000000000 0 0    
    Conference Room Table & JD's Furniture 2006-06-01 3,592 3,592 SL 5.000000000000 0 0    
    Glass for convference room table 2006-12-27 1,500 1,500 SL 5.000000000000 0 0    
    Kitchen Furniture 2006-04-01 380 380 SL 5.000000000000 0 0    
    Mural 2010-12-06 9,308 9,308 SL 7.000000000000 0 0    
    Office Sign 2006-06-19 2,306 2,306 SL 5.000000000000 0 0    
    Old World Classics 2006-08-09 5,586 2,013 SL 40.000000000000 140 0    
    Ouitside Sign 2006-08-01 480 461 SL 15.000000000000 19 0    
    Passage of Time I, II, & III Art Pieces 2007-05-29 4,164 4,164 SL 5.000000000000 0 0    
    Pictures 2006-07-25 2,426 2,426 SL 5.000000000000 0 0    
    Reception Area - 4 Chairs 2006-07-20 3,660 3,660 SL 5.000000000000 0 0    
    Reception Area - Round Table (2) 2006-10-06 1,482 1,482 SL 5.000000000000 0 0    
    Reception Table & Two Lamps 2006-07-27 440 440 SL 5.000000000000 0 0    
    Schoeppner - Office Buildout 2006-04-01 67,439 24,868 SL 40.000000000000 1,686 0    
    Shelves in Utility Room (Schoeppner) 2006-05-17 766 281 SL 40.000000000000 19 0    
    Telephone System 2020-07-30 4,616 49 SL 39.000000000000 118 0    
    Website Redesign (A&G LLC) 2009-09-16 1,950 1,950 SL 3.000000000000 0 0    

    TY 2021 DistributionFromCorpusElection
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Election:
    ELECTION UNDER IRC REG. 53.4942(a)-3(d)(2):Pursuant to IRC section 4942(h)(2) and Regulation 53.4942(a)-3(d)(2), The Paul and Carol David Foundation hereby elects to treat $2,463,141 of the current year's qualifying distributions in excess of the immediately preceeding year's undistributed income as being made out of corpus._________________________________ ____________Signature Date

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Mutual Funds AT COST 43,207,564 52,353,377

    TY 2021 LandEtcSchedule2
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Office Furniture - Ohio Desk 22,692 22,692 0 0
    2006 Schalarship Picture & Re-frame 1,636 1,636 0 0
    60" Pioneer Elite Pro-1540HD & installation 6,590 6,590 0 0
    Appliances - Home Appliance Co 2,012 2,012 0 0
    Carpet for new office buildout 14,492 14,492 0 0
    Conference Room Table & JD's Furniture 3,592 3,592 0 0
    Glass for convference room table 1,500 1,500 0 0
    Kitchen Furniture 380 380 0 0
    Mural 9,308 9,308 0 0
    Office Sign 2,306 2,306 0 0
    Old World Classics 5,586 2,153 3,433 3,433
    Ouitside Sign 480 480 0 0
    Passage of Time I, II, & III Art Pieces 4,164 4,164 0 0
    Pictures 2,426 2,426 0 0
    Reception Area - 4 Chairs 3,660 3,660 0 0
    Reception Area - Round Table (2) 1,482 1,482 0 0
    Reception Table & Two Lamps 440 440 0 0
    Schoeppner - Office Buildout 67,439 26,554 40,885 40,885
    Shelves in Utility Room (Schoeppner) 766 300 466 466
    Telephone System 4,616 167 4,449 4,449
    Website Redesign (A&G LLC) 1,950 1,950 0 0


    TY 2021 LegalFeesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 3,404 681   0


    TY 2021 OtherAssetsSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Baxter Street Fund II 1,931,361 2,189,766 2,518,679
    Regent Street Appraisal Rights Fund 183,145 21,766 6,659
    Regent Street Co-Investment Fund 2018-5 1,143,163 1,298,419 1,849,066
    Regent Street Co-Investment Fund 2021-1 0 222,096 230,970
    Regent Street Energy Opportunities Q, LLC 377,973 385,424 2,201,270
    Regent Street Energy Opportunities Q-II * 308,971 491,723 851,630
    Regent Street Global Private Equity WP, LLC 797,534 698,705 1,240,517
    Regent Street Growth Equity Fund 1,137,694 1,275,045 1,966,521
    Regent Street Healthcare Fund R 741,476 801,759 863,943
    Regent Street Middle Market Buyout Fund C 0 112,632 105,564
    Regent Street Middle Market Buyout Fund J 231,437 645,698 646,111
    Regent Street Middle Market Buyout Fund G 773,375 733,269 1,188,743
    Regent Street Opportunistic Real Estate, LLC 436,831 352,610 589,519
    Regent Street Power Fund 451,071 1,009,096 952,833
    Regent Street Real Estate Fund S 125,935 190,828 236,875
    Regent Street Secondary Fund G 407,055 496,550 666,732
    Regent Street Secondary Institutional Fund 1,348,703 1,370,843 774,584
    Regent Street Secondary RV-II 1,334,122 1,321,861 1,859,836
    Regent Street Special Situations 554,709 20,244 320,112
    Regent Street Specialty Finance Fund VP 1,228,438 731,766 816,044
    Riverside Capital Appreciation Fund 200,456 201,208 212,432
    Savile Row Ab Multi-Strategy Institutional, LLC 66,970 0 16,954
    Savile Row Managed Futures T, LLC 0 0 24
    Savile Row Financials Hedged 1,379,140 0 0
    Savile Row Heathcare Hedged Equity 64,346 59,564 72,055
    Savile Row Life Settlement Fund * 1,657,509 0 0
    Berkshire Hedged Equity, LLC* 0 2,113,655 2,429,399
    Berkshire SP Hedged Equity, LLC* 2,100,000 2,337,500 2,184,567
    Savile Row Opportunistic Credit Fund 1,097,065 0 0
    Savile Row LLC Holdback 0 0 86,426
    Patriot Software 300,000 300,000 300,000


    TY 2021 OtherDecreasesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Amount
    Non-Deductible Expenses from PTP's 1,781


    TY 2021 OtherExpensesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Advertising 3,028 0   3,028
    Administration Expense 2,177 2,177   0
    David Scholar Dinner 3,815 0   3,815
    Insurance 1,784 1,597   0
    Investment Expenses - K-1 48,629 48,629   0
    Investment Management Fees 255,569 255,569   0
    Cleaning and Miscellaneous 6,075 2,430   2,430
    Payroll Service Fees 1,953 488   0
    Telephone 2,818 705   1,409
    Website 27,784 0   27,784
    Copier Lease 2,049 0   0
    Office Supplies 2,370 1,185   1,185
    Other Expenses - K-1 430,530 430,530   0
    Software License Fee 6,000 0   6,000


    TY 2021 OtherIncomeSchedule2
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Dividends From PTP's 372,880 372,880 372,880
    Interest From PTP's 102,682 101,062 102,682
    Ordinary Income (Loss) From PTP's 283,621 283,621 283,621
    Other Investment Income (Loss) 1,645 1,645 1,645
    Ordinary Income (Loss) from PTP's 298,883   298,883


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Professional Fees 1,987 596   596


    TY 2021 TaxesSchedule
    Name:
    The Paul and Carol David Foundation
    EIN:
    34-1319236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise 35,000 0   0
    Foreign Taxes 18,363 18,363   0
    Payroll Taxes 21,091 6,328   12,428