Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
William Davidson Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1688
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, MI48012
A Employer identification number

20-3899187
B Telephone number (see instructions)

(248) 788-6500
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$1,480,745,151J 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 right arrow.............
3 Interest on savings and temporary cash investments 976,618 976,618 0
4 Dividends and interest from securities... 1,587,191 1,639,672 0
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
30,443,649
b Gross sales price for all assets on line 6a 262,800,197
7 Capital gain net income (from Part IV, line 2)... 4,907,993
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-4,544,034 15,653,451 0
12 Total. Add lines 1 through 11........ 28,463,424 23,177,734 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,308,600 63,267 0 1,245,333
14 Other employee salaries and wages...... 2,345,863 21,729 0 2,324,134
15 Pension plans, employee benefits....... 1,019,519 19,789 0 999,730
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
24,291 1,115 0 23,176
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
98,744 2,297 0 96,447
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
4,484,412 3,532,632 0 951,780
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,032,390 0 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
30,955 0 0
20 Occupancy.............. 230,666 3,616 0 227,050
21 Travel, conferences, and meetings....... 875,702 8,375 0 867,327
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
377,978 7,537 0 370,441
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,829,120 3,660,357 0 7,105,418
25 Contributions, gifts, grants paid....... 60,000,409 60,000,409
26 Total expenses and disbursements. Add lines 24 and 25 71,829,529 3,660,357 0 67,105,827
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -43,366,105
b Net investment income (if negative, enter -0-) 19,517,377
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 771,770 591,736 591,736
2 Savings and temporary cash investments......... 24,064,289 35,381,548 35,381,548
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   169,018 169,018
10a Investments—U.S. and state government obligations (attach schedule) 86,189,148 Click to see attachment
List of Attached Documents:
// Content
80,203,484 		81,069,940
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
0 		0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 977,282,078 Click to see attachment
List of Attached Documents:
// Content
953,449,807 		1,326,547,973
14 Land, buildings, and equipment: basis right arrow38,108,474
Less: accumulated depreciation (attach schedule) right arrow1,123,538 15,548,571 Click to see attachment
List of Attached Documents:
// Content
36,984,936 		36,984,936
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,103,855,856 1,106,780,529 1,480,745,151
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
13,246 		Click to see attachment
List of Attached Documents:
// Content
3,902
23 Total liabilities (add lines 17 through 22)......... 13,246 3,902
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 1,103,842,610 1,106,776,627
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,103,842,610 1,106,776,627
30 Total liabilities and net assets/fund balances (see instructions). 1,103,855,856 1,106,780,529
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
1,103,842,610
2
Enter amount from Part I, line 27a .....................
2
-43,366,105
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
46,300,122
4
Add lines 1, 2, and 3 ..........................
4
1,106,776,627
5
Decreases not included in line 2 (itemize) right arrow
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
1,106,776,627
Form 990-PF (2023)
Form 990-PF (2023)
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 FUND #0046 P    
c FUND #0048-1 P    
d FUND #0048-2 P    
e FUND #0048-3 P    
FUND #0048-4 P    
FUND #0048-5 P    
FUND #0049 P    
FUND #0050 P    
FUND #0060 P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 262,800,197   267,343,928 -4,543,731
b 313,277     313,277
c 1,701,503     1,701,503
d 6,338,695     6,338,695
e 10,059,531     10,059,531
    147,515 -147,515
1     1
240,438     240,438
    8,913,349 -8,913,349
    140,857 -140,857
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     0 -4,543,731
b     0 313,277
c     0 1,701,503
d     0 6,338,695
e     0 10,059,531
    0 -147,515
    0 1
    0 240,438
    0 -8,913,349
    0 -140,857
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 4,907,993
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 0
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 right arrow 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) 1 271,292
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  
3 Add lines 1 and 2........................... 3 271,292
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 271,292
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 675,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 155,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 830,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 558,708
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 558,708
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowDE, MI
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 2023 or the taxable year beginning in 2023? 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
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.WILLIAMDAVIDSON.ORG
14
The books are in care ofright arrowRALPH GERSON Telephone no.right arrow (248) 788-6500

Located atright arrowPO BOX 1688BIRMINGHAMMI ZIP+4right arrow48012
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
SEE STATEMENT SEE STATEMENT
0 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
SEE STATEMENT SEE STATEMENT
0 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
SEE STATEMENT SEE STATEMENT
0 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
JONATHAN AARON CLASS A DIRECTOR AND CHAIRMAN
1.000 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
MARY AARON CLASS A DIRECTOR AND SECRETARY
1.000 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
ETHAN DAVIDSON CLASS D DIRECTOR
1.000 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
KAREN DAVIDSON CLASS A DIRECTOR
1.000 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
RALPH GERSON CLASS A DIRECTOR AND TREASURER
1.000 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
ELI SAULSON CLASS A DIRECTOR
1.000 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
DARIN MCKEEVER PRESIDENT AND CHIEF EXECUTIVE OFFICER
40.000 		810,000 127,709 0
PO BOX 1688
BIRMINGHAM,MI48012
DANIELLE STEWART HANSON Vice president AND CHIEF FINANCIAL OFFICER
40.000 		498,600 96,669 0
PO BOX 1688
BIRMINGHAM,MI48012
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
George Jacobsen PROGRAM DIR, SE MI
40.000 		205,400 49,301 0
PO BOX 1688
BIRMINGHAM,MI48012
ERICA MILLER DIR OF ACCOUNTING
40.000 		200,500 51,886 0
PO BOX 1688
BIRMINGHAM,MI48012
KARI ALTERMAN prgm dir-jewish life
40.000 		197,300 54,063 0
PO BOX 1688
BIRMINGHAM,MI48012
CARLA SMITH HR officer
40.000 		177,700 45,771 0
PO BOX 1688
BIRMINGHAM,MI48012
LISA KATZ SR PRGM officer-ECON
40.000 		169,800 47,112 0
PO BOX 1688
BIRMINGHAM,MI48012
Total number of other employees paid over $50,000...................right arrow 13
Form 990-PF (2023)
Form 990-PF (2023)
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
SACHSE CONSTRUCTION AND DEVELOPMENT COMPANY LLC GENERAL CONTRACTOR 18,238,844
3663 WOODWARD AVE Suite 500
DETROIT,MI48201
INVESTURE LLC INVESTMENT CONSULTING 3,524,191
240 W MAIN ST Suite 500
CHARLOTTESVILLE,VA22902
REDICO LLC DEVELOPMENT MANAGER 882,830
1 TOWN SQUARE Suite 1600
SOUTHFIELD,MI48076
ROSSETTI INC ARCHITECT 296,645
160 W FORT STREET SUITE 400
DETROIT,MI48226
YD PULITZER CONSULTING LTD CONSULTING 248,443
12 ELIEZER HAGADOL
JERUSALEM    
IS
Total number of others receiving over $50,000 for professional services.............right arrow7
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  
2  
3  
4  
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
79,141,161
b
Average of monthly cash balances.......................
1b
32,087,306
c
Fair market value of all other assets (see instructions)................
1c
1,305,446,175
d
Total (add lines 1a, b, and c).........................
1d
1,416,674,642
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
 
3
Subtract line 2 from line 1d.........................
3
1,416,674,642
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
21,250,120
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,395,424,522
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
69,771,226
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
69,771,226
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
271,292
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
271,292
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
69,499,934
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
69,499,934
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
69,499,934
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
67,105,827
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
21,618,916
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
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
88,724,743
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 69,499,934
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 70,989,272
b Total for prior years:20 , 20, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 88,724,743
a Applied to 2022, but not more than line 2a 70,989,272
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 2023 distributable amount..... 17,735,471
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023.   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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		51,764,463
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 right arrow
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 (2023)
Form 990-PF (2023)
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

AFSNC Inc

40 W 57th St Floor 26
New York,NY10019 		  PC General operating support and to support the innovation diplomacy work of Start-Up Nation Central Ltd. (CC) 2,500,000

American Friends of Beit Hatfutsot - The Museum of the Jewish People

633 3rd Avenue 21st Floor
New York,NY10017 		  PC To support the creation of the ANU digital database for Jewish identity exploration and engagement. 2,500,000

American Israel Education Foundation Inc

251 H Street NW
Washington,DC20001 		  PC General Operating Support 1,000,000

American Jewish Joint Distribution Committee Inc

220 East 42nd Street Suite 400
New York,NY20001 		  PC To support JDC Entwine in Detroit. 125,000

Areivim Philanthropic Group Inc

712 Fifth Avenue Floor 34
New York,NY10019 		  PC Membership Dues 50,000

Birthright Israel Foundation

711 Third Avenue 10th Floor
New York,NY10017 		  PC To support and expand the Onward Israel program with support for Detroit and Michigan-based participants and for one-time supplemental support to maintain and increase the number of Onward Israel participants in 2023. 1,900,000

Boundless Israel

464 Common Street 329
Belmont,MA02478 		  PC General Operating Support 150,000

Center for Educational Technology

16 Klauzner Street PO Box 39513
TEL AVIVJAFFA   6901128
IS 		  PC General operating support for 929. 150,000

Chabad on Campus International

719 Eastern Parkway 1st Floor
Brooklyn,NY11213 		  PC To support Engagement Initiative and Chazak Professional Development Initiative. 250,000

Chandler Park Conservancy

4401 Conner St
Detroit,MI11213 		  PC To support the Detroit Parks Coalition's 2023 Pistons Neighbors Program and capacity building for park programming. 250,000

Citizens Research Council of Michigan

38777 Six Mile Rd Suite 208
Livonia,MI48152 		  PC To support the Citizens Research Council Policy Dinner honoring Dr. Ora Pescovitz, President of Oakland University. 20,000

Citizens Research Council of Michigan

38777 Six Mile Rd Suite 208
Livonia,MI48152 		  PC To conduct research to advance state support for entrepreneurship and innovation. 65,000

College for Creative Studies

201 East Kirby
Detroit,MI48202 		  PC To support the Design Core Detroit's 2023 Detroit Month of Design. 80,000

Community Foundation for Southeast Michigan

333 W Fort Street 2010
Detroit,MI482263134 		  PC To support the Pontiac Funders Collaborative. 450,000

Community Foundation for Southeast Michigan

333 W Fort Street 2010
Detroit,MI482263134 		  PC To support the New Economy Initiative. 1,250,000

Community Foundation for Southeast Michigan

333 W Fort Street 2010
Detroit,MI482263134 		  PC For the Unified Greenway Endowment Fund of the Community Foundation of Southeast Michigan. 5,000,000

Congregation B'nai B'rith Hillel

360 Charles Street
East Lansing,MI48823 		  PC To support education and leadership development efforts of Hillels of Michigan - U of M Hillel, MSU Hillel, and Hillel of Metro Detroit. 300,000

Congregation Shaarey Zedek

27375 Bell Rd
Southfield,MI480342079 		  PC For general operating support and support for the development of a campus and facilities master plan. 307,500

Council of Michigan Foundations Inc

3101 E Grand Blvd Suite 300
Detroit,MI48202 		  PC To support the Annual Conference in Detroit. 50,000

Council of Michigan Foundations Inc

3101 E Grand Blvd Suite 300
Detroit,MI48202 		  PC Membership Dues. 34,200

Detroit Opera

1526 Broadway
Detroit,MI48226 		  PC To support the 2023-24 and 2024-25 opera seasons. 2,000,000

Detroit Regional Partnership Foundation

1001 Woodward Ave Suite 800
Detroit,MI48226 		  PC General Operating Support. 250,000

Detroit Riverfront Conservancy Inc

600 Renaissance Center Suite 1720
Detroit,MI48243 		  PC To support events focusing on fitness, sports, and competition in Honor of Mr. Davidson's Legacy and 100th birthday. 130,000

Detroit Symphony Orchestra Inc

3711 Woodward Ave
Detroit,MI48201 		  PC To support the William Davidson Neighborhood Concert Series and for operating support, which includes capacity-building and strategic planning. 1,250,000

Detroit Symphony Orchestra Inc

3711 Woodward Ave
Detroit,MI48201 		  PC To sponsor the Opening Night Gala with Yo-Yo Ma and the Florida Tour. 200,000

Downtown Detroit Partnership Inc

1 Campus Martius 380
Detroit,MI48226 		  PC To support the 10th Detroit Homecoming. 100,000

Eastern Market Corporation

2934 Russell Street
Detroit,MI48207 		  PC To support the redevelopment of the Shed 4 area, and to support stormwater improvements and the Annual Fund. 1,500,000

Endeavor Detroit

1420 Washington Blvd Suite 301
Detroit,MI48226 		  PC General operating support and for a matching grant to support fundraising efforts. 317,227

Farber Hebrew Day School - Yeshivat Akiva

21100 W 12 Mile Rd
Southfield,MI48076 		  PC General Operating Support and development capacity building. 300,000

Farber Hebrew Day School - Yeshivat Akiva

21100 W 12 Mile Rd
Southfield,MI48076 		  PC To sponsor the annual dinner honoring Ethan Davidson and the legacy of Mr. Davidson. 50,000

FJC - A FOUNDATION OF DONOR ADVISED FUNDS

225 West 39th Street 12th Floor
New York,NY10018 		  PC TO SUPPORT NATAN'S DIRECT GRANTS OF ITS JEWISH CONNECTIONS COMMITTEE AND TO SUPPORT NATAN'S OPERATIONS, WRAPAROUND SUPPORTS FOR THEIR GRANTEES, AND TO SERVE AS A PARTNER FOR THE FOUNDATION'S VENTURE PHILANTROPY WORK. 250,000

Foundation For Detroit's Future

333 W Fort Street Suite 2010
Detroit,MI48226 		  SO I For Support of the Grand Bargain for the Detroit Institute of Arts. 1,250,000

Foundation for the Defense of Democracies Inc

PO Box 33249
Washington,DC20033 		  PC To support the Senior International Fellow. 315,000

Friends of ELNET

641 Lexington Avenue Floor 20
New York,NY10022 		  PC General operating support and VIP delegations to Israel. 450,000

Friends of the Israel Defense Forces

60 East 42nd Street 1820
New York,NY10165 		  PC To support the Michigan Chapter's Annual Dinner in Detroit. 25,000

Gesher Foundation Inc

511 6th Avenue Suite 444
New York,NY10011 		  PC To support the AMI Initiative. 500,000

Global Detroit

4444 2nd Avenue
Detroit,MI48201 		  PC To support programming, research, storytelling, and education to sustain the Global Entrepreneur in Residence program and the Global Talent Retention Initiative. 300,000

Hadassah The Women's Zionist Organization of America Inc

40 Wall Street 8th Floor
New York,NY10005 		  PC To support the transformation of the -3 floor of the Sarah Wetsman Davidson Hospital Tower into an emergency hospital of 100 beds. 1,000,000

Hazon Inc

25 Broadway Suite 1700
New York,NY10004 		  PC To support Detroit based efforts. 525,000

Hillel Day School of Metropolitan Detroit

32200 Middlebelt Rd
Farmington Hills,MI48334 		  PC TO SUPPORT THE OPEN SPACE, OPEN MINDS CAMPAIGN WITH NAMING RECOGNITION OF THE TRACK IN HONOR OF MR. DAVIDSON. 50,000

Hillel The Foundation for Jewish Campus Life

800 8th Street
Washington,DC20001 		  PC To support the Israel and Antisemitism Program, The Center for Jewish and Israel Education, and the Israel Leadership Network. 750,000

Holocaust Memorial Center DBA Holocaust Memorial CTR Zekelman Family Campus

28123 Orchard Lake Road
Farmington Hills,MI48334 		  PC To support the renovation of the permanent exhibit. 3,000,000

Isaac Agree Downtown Synagogue

1457 Griswold
Detroit,MI48226 		  PC General Operating Support. 250,000

Israeli Beit Midrash Ein Prat

DN Mizrach Binyamin
Alon   90618
IS 		  PC General operating support. 300,000

Jean and Samuel Frankel Jewish Academy of Metropolitan Detroit

6600 West Maple Rd
West Bloomfield,MI48322 		  PC To support Experiential Education programming, Professional and Board Development, and Marketing and communication efforts. 200,000

Jewish Community Center of Metropolitan Detroit

6600 West Maple Rd
West Bloomfield,MI48322 		  PC To support the 2024 JCC Maccabi Games in Detroit as a presenting sponsor. 350,000

Jewish Community Relations Council of San Francisco Marin & Peninsula

121 Steuart Street Suite 301
San Francisco,CA94105 		  PC To support ICS's professional development opportunities for teachers in Midwestern states and other states as needed, in learning and teaching about Jews, Judaism, Israel, and antisemitism. 75,000

Jewish Federation of Metropolitan Detroit

6735 Telegraph Rd
Bloomfield Hills,MI48301 		  PC To support the 2024 annual campaign. 2,900,000

Jewish Federation of Metropolitan Detroit

6735 Telegraph Rd
Bloomfield Hills,MI48301 		  PC To establish the Byron and Dorothy Gerson Centennial Innovation Fund. 250,000

Jewish Federation of Metropolitan Detroit

6735 Telegraph Rd
Bloomfield Hills,MI48301 		  PC To support the Israel Emergency Campaign and to establish a Donor Advised Fund to support the emergency in Israel. 5,910,000

Jewish Funders Network

150 West 30th Street Suite 900
New York,NY10001 		  PC Membership dues and to provide supplemental General Operating Support expected of board members. 50,000

Jewish Interactive Inc

1745 Broadway 17th Floor
New York,NY10019 		  PC General operating support. 65,000

Jewish Theological Seminary of America

3080 Broadway
New York,NY10027 		  PC General operating support for the William Davidson Graduate School of Jewish Education. 1,000,000

MAOZ-SEAL Inc

Hamelacha 4 Entrance B
Lod   7152008
IS 		  PC General operating support. 500,000

Mechon Hadar

190 Amsterdam Avenue
New York,NY10023 		  PC To support the Pedagogy of Partnership's Midwest Fellowship and the Children and Family Division. 500,000

Michigan Founders Fund

455 E Eisenhower Parkway Suite 300
Ann Arbor,MI48108 		  PC General operating support and sponsorship of Michigan Tech Week. 225,000

Michigan Israel Business Accelerator Foundation

407 E Fort Street Suite 205
Detroit,MI48226 		  PC General operating support and to sponsor one or more MIBA-led delegations to Israel. 125,000

Naismith Memorial Basketball Hall of Fame

1000 Hall of Fame Avenue
Springfield,MA01105 		  PC To honor Chuck Daly as a member of the Naismith Coaches Circle. 10,000

Ogen - Free Loan Fund

Rivka 29
JERUSALEM   9452108
IS 		  PC General operating support. 150,000

Reboot

734 Longmeadow Street Unit 103
Longmeadow,MA01106 		  PC To support their efforts as a partner for Venture Philanthropy work and for Reboot's Detroit-based work. 200,000

Repair The World Inc

PO Box 2015 322 W 52nd Street
New York,NY10101 		  PC To support its Detroit-based work with Repair Fellows, service opportunity connections, Powered by Repair partnerships, and teen and family engagement. 200,000

SCORE Foundation

1165 Herndon Parkway Suite 100
Herndon,VA20170 		  PC to support mentorship, capital readiness, and advisory support for entrepreneurs in Southeast Michigan. 55,000

Sefaria Inc

228 Park Avenue South
New York,NY10003 		  PC To support maintenance and improvements to the William Davidson Talmud and capacity building to activate small and new donors, with an improved CRM (Customer Relationship Management program). 400,000

Sefaria Inc

228 Park Avenue South
New York,NY10003 		  PC To support Sefaria's Rabbi Lord Jonathan Sacks zt"l Legacy Project. 1,500,000

Sefaria Inc

228 Park Avenue South
New York,NY10003 		  PC To support the 10th Anniversary Gala. 50,000

Shabbat Project Inc dba OneTable

79 Madison Avenue 2nd floor
New York,NY10016 		  PC To support the implementation for the strategic plan. 1,400,000

Shalem College

3 Haaskan Street
Jerusalem   9378010
IS 		  PC To support the creation of two new majors focused on diplomacy, strategy, and economics. 400,000

Sheatufim Public Benefit Company for the Advancement of Civil Society Ltd

Haodem St
Beit Yehoshua   40591
IS 		  PC To support the TOP15 Initiative. 65,000

The Company for the Reconstruction and Development of the Jewish Quarter

1 Batei Mahase
Jerusalem   9751494
IS 		  PC To support the Western Wall Plaza Elevator project. 4,157,500

The Detroit Institute of Arts

5200 Woodward Avenue
Detroit,MI48202 		  PC To support the Gargaro Directors Endowment. 250,000

The IDI Foundation Inc

1266 West Paces Ferry Road 615
Atlanta,GA303272306 		  PC For General Operating Support and support for the William Davidson Senior Fellow for Economic Policy, and the Center for Governance and the Economy. 749,439

The IDI Foundation Inc

1266 West Paces Ferry Road 615
Atlanta,GA303272306 		  PC To support the William Davidson Senior Fellow and the IDI's Center for Governance and the Economy. 719,543

The Jewish Federations of North America Inc

25 Broadway Suite 1700
New York,NY10004 		  PC To support the LiveSecure Program. 500,000

The Schechter Institutes Inc

Box 3566 PO Box 8500
Philadelphia,PA191783566 		  PC To support the TALI Education Fund and the Schechter Institute Graduate School of Jewish Studies. 1,000,000

The Shalom Hartman Institute of North America

475 Riverside Drive Suite 1450
New York,NY10115 		  PC To support work in metro Detroit and Hartman Digital. 900,000

United Jewish Foundation

6735 Telegraph Road
Bloomfield Hills,MI48301 		  PC To support the WDF Director Discretionary Philanthropic Fund. 600,000

United Jewish Foundation

6735 Telegraph Road
Bloomfield Hills,MI48301 		  PC To support the WDF Employee Matching Gift Philanthropic Fund. 175,000

University Musical Society

881 North University Av Burton Memo
Ann Arbor,MI481091011 		  PC To sponsor UMS and Detroit Opera's presenting of the Batsheva Dance Company in Metro Detroit at the Detroit Opera House. 25,000

UpStart Bay Area

1111 Broadway 3rd Floor
Oakland,CA94607 		  PC To support UpStart's programs, alumni services, and to serve as a partner for the Foundation's venture philanthropy work. 350,000

Urban Land Institute

2001 L Street NW Suite 200
Washington,DC20036 		  PC To sponsor Urban Land Institute Michigan's 2023 Lifetime Achievement Award Dinner in honor of Susan T. Mosey. 75,000

Venture for America Inc

307 7th Avenue Suite 1201
New York,NY10001 		  PC To support Detroit program operations, administrative costs, and summer experiental learning in Detroit. 425,000

Washington Institute for Near East Policy

1111 19th St NW Suite 500
Washington,DC20036 		  PC To support the William Davidson Distinguished Fellow and the Young Scholars Program. 950,000

Washington Institute for Near East Policy

1111 19th St NW Suite 500
Washington,DC20036 		  PC To support the 2023 Scholar-Statesman Award Gala. 50,000

Wexner Foundation

8000 Walton Pkwy Suite 110
New Albany,OH43054 		  POF To support the new Wexner Davidson scholars' program, provide continued support for Davidson Scholars classes 32 and 33, and support alumni programming. 900,000

Yeshivath Beth Yehudah

15751 Lincoln Drive
Southfield,MI48076 		  PC To support the Annual Dinner. 100,000
Total .................................right arrow 3a 60,000,409
bApproved for future payment

Adamah Inc
5425 Mount Gilead Road
Reisterstown,MD21136 		  PC To support Adamah Detroit and planning efforts for a Metro Detroit Jewish retreat center. 500,000

Boundless Israel
464 Common Street 329
Belmont,MA02478 		  PC General Operating Support. 150,000

Community Foundation for Southeast Michigan
333 W Fort Street 2010
Detroit,MI482263134 		  PC To support the New Economy Initiative. 1,250,000

Downtown Detroit Partnership Inc
1 Campus Martius 380
Detroit,MI48226 		  PC To support Campus Martius Park upgrades and to support DDP's coordination efforts for major events in 2024. 450,000

Endeavor Detroit
1420 Washington Blvd Suite 301
Detroit,MI48226 		  PC General operating support and for a matching grant to support fundraising efforts. 235,000

Foundation for the Defense of Democracies Inc
PO Box 33249
Washington,DC20033 		  PC To support the Senior International Fellow. 315,000

Friends of ELNET
641 Lexington Avenue Floor 20
New York,NY10022 		  PC General operating support and VIP delegations to Israel. 450,000

Gesher Foundation Inc
511 6th Avenue Suite 444
New York,NY10011 		  PC To support the AMI Initiative. 500,000

Israel-is
Hayarkon 169
Tel Aviv   6345325
IS 		  PC General Operating Support. 100,000

JEWISH FEDERATION OF DETROIT
6735 Telegraph Rd
Bloomfield Hills,MI48301 		  PC To support the Israel Emergency Campaign and to establish a Donor Advised Fund to support the emergency in Israel. 6,090,000

JEWISH FEDERATION OF DETROIT
6735 Telegraph Rd
Bloomfield Hills,MI48301 		  PC To support the Lauder Impact Initiative in Detroit. 525,000

JEWISH FEDERATION OF DETROIT
6735 Telegraph Rd
Bloomfield Hills,MI48301 		  PC To support a new director position at Jlive and for general operating support for Jlive. 225,000

Jewish Theological Seminary of America
3080 Broadway
New York,NY10027 		  PC General operating support for the William Davidson Graduate School of Jewish Education. 1,000,000

Louis D Brandeis Center Inc
1717 Pennsylvania Avenue NW Suite
Washington,DC20006 		  PC General Operating Support. 250,000

Sefaria Inc
228 Park Avenue South
New York,NY10003 		  PC To support maintenance and improvements to the William Davidson Talmud and capacity building to activate small and new donors, with an improved CRM (Customer Relationship Management program). 350,000

Sefaria Inc
228 Park Avenue South
New York,NY10003 		  PC To support Sefaria's Rabbi Lord Jonathan Sacks zt"l Legacy Project. 1,500,000

Shalem College
3 Haaskan Street
JERUSALEM   9378010
IS 		  PC To support the creation of two new majors focused on diplomacy, strategy, and economics. 600,000

The Detroit Institute of Arts
5200 Woodward Avenue
Detroit,MI48202 		  PC To support the Gargaro Directors Endowment. 250,000

The IDI Foundation Inc
1266 West Paces Ferry Road 615
Atlanta,GA303272306 		  PC To support the William Davidson Senior Fellow and the IDI's Center for Governance and the Economy. 730,445

The Jewish Federations of North America Inc
25 Broadway Suite 1700
New York,NY10004 		  PC To support the LiveSecure Program. 500,000

The Jewish People Policy Institute
POB 39156
JERUSALEM   91319
IS 		  PC To support the William Davidson Distinguished Fellow and for general operating support. 2,400,000

Washington Institute for Near East Policy
1111 19th St NW Suite 500
Washington,DC20036 		  PC To support the William Davidson Distinguished Fellow and the Young Scholars Program. 950,000

Wayne State University Research and Technology Park in the City of Detroit
440 Burroughs St
Detroit,MI48202 		  PC To provide technical and other assistance for Detroit-based tech and growth-focused entrepreneurs and to conduct a benchmark analysis on SmartZone tax-capture financing. 475,000

Wexner Foundation
8000 Walton Pkwy Suite 110
New Albany,OH43054 		  POF To support the Wexner Davidson Fellowship, completion of the Davidson Scholars program, and the alumni program for Davidson Scholars. 3,225,000
Total ................................. right arrow 3b 23,020,445
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		    14 976,618  
4 Dividends and interest from securities ....     14 1,587,191  
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 ............ 		901101 1,007,258 18 29,436,391  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aINCOME FROM PSHIP INV 		901101 -2,155,226 1 -2,388,808  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -1,147,968 29,611,392 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
28,463,424
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID: 23017437
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 98,744 2,297 0 96,447

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TY 2023 DepreciationSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
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
LEASEHOLD IMPROVEMENTS   292,154 66,399 Straight Line Method   26,560 0    
FURNITURE   21,702 20,152 Straight Line Method   1,550 0    
HARDWARE   9,474 6,632 Straight Line Method   1,895 0    
SOFTWARE   5,700 950 Straight Line Method   950 0    

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TY 2023 ExpenditureResponsibilityStmt
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
WEXNER FOUNDATION
  		8000 WALTON PARKWAY SUITE 110
NEW ALBANY,OH43054 		2022-07-14 1,410,900 TO SUPPORT CLASS 32 AND 33 OF THE WEXNER GRADUATE FELLOWSHIP/DAVIDSON SCHOLARS, THE DAVIDSON SCHOLARS CONVENING, AND CONTINUED SUPPORT FOR STATEGY EXPLORATION. 1,410,900 NO 5/23/23, 4/16/24 2024-04-16 TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON THE REPORTS FURNISHED BY THE GRANT RECIPIENT, NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE
WEXNER FOUNDATION
  		8000 WALTON PARKWAY SUITE 110
NEW ALBANY,OH43054 		2023-02-16 900,000 TO SUPPORT THE NEW WEXNER DAVIDSON SCHOLARS PROGRAM, PROVIDE CONTINUED SUPPORT FOR DAVIDSON SCHOLARS CLASSES 32 AND 33, AND SUPPORT ALUMNI PROGRAMMING. 724,742 NO 06/24/24 2024-06-24 TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON THE REPORTS FURNISHED BY THE GRANT RECIPIENT, NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.

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TY 2023 GainLossSaleOtherAssetsSch
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
(1) Capital gain or (loss) per books         262,800,197 232,356,548     30,443,649  

TY 2023 InvestmentsGovtObligationsSch
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
US Government Securities - End of Year Book Value:

80,203,484
US Government Securities - End of Year Fair Market Value:

81,069,940
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FUND #0023 AT COST 501 670,333
FUND #0046 AT COST 2,924,150 7,322,301
FUND #0048 AT COST 408,567,456 573,801,040
FUND #0049 AT COST 19,214,198 7,818,347
FUND #0050 AT COST 301,031,566 382,867,328
FUND #0051 AT COST 178,760,778 301,589,663
FUND #0056 AT COST 0 24,966
FUND #0058 AT COST 31,504,210 40,719,084
FUND #0059 AT COST 4,143,874 4,429,070
FUND #0060 AT COST 7,303,074 7,305,841

TY 2023 LandEtcSchedule2
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
CONSTRUCTION IN PROGRESS 33,028,838 0 33,028,838 33,028,838
LAND 3,502,335 0 3,502,335 3,502,335
LEASEHOLD IMPROVEMENTS 990,614 770,896 219,718 219,718
ARTWORK 178,055 0 178,055 178,055
FURNITURE AND EQUIPMENT 356,098 320,534 35,564 35,564
HARDWARE 38,903 22,277 16,626 16,626
SOFTWARE 13,631 9,831 3,800 3,800


TY 2023 LegalFeesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 24,291 1,115 0 23,176


TY 2023 OtherExpensesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HARDWARE & SOFTWARE 107,489 1,825 0 105,664
LIABILITY INSURANCE 84,622 1,968 0 82,654
MEMBERSHIP DUES 37,073 288 0 36,785
PAYROLL & BENEFITS SERVICE FEES 33,229 773 0 32,456
FURNITURE & EQUIPMENT 29,263 681 0 28,582
OFFICE SUPPLIES 19,204 447 0 18,757
BANK FEES 17,305 402 0 16,903
OFFICE MAINTENANCE 15,350 357 0 14,993
TELECOMMUNICATIONS 10,143 236 0 9,907
SUBSCRIPTIONS & BOOKS 8,889 207 0 8,682
MISCELLANEOUS EXPENSE 6,917 159 0 6,758
TEAM BUILDING 4,508 105 0 4,403
POSTAGE & MAILING 2,566 60 0 2,506
SPECIAL GIFTS 1,246 29 0 1,217
BRANDING 174 0 0 174


TY 2023 OtherIncomeSchedule2
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Subpart F income 0 17,907,023 0
Income from partnership investments -4,544,034 -2,253,572  


TY 2023 OtherIncreasesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Description Amount
BOOK TO TAX DIFFERENCES FROM PARTNERSHIP INVESTMENTS 24,994,022
OTHER CHANGE IN FUND BALANCE 21,306,100


TY 2023 OtherLiabilitiesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
DEPOSIT LIABILITY 13,246 3,902


TY 2023 OtherProfessionalFeesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT CONSULTING FEES 3,524,697 3,524,697 0 0
PROGRAMMATIC CONSULTING FEES 498,240 0 0 498,240
TECHNOLOGY CONSULTING FEES 200,287 4,658 0 195,629
HUMAN RESOURCES CONSULTING FEES 92,539 2,152 0 90,387
COMMUNICATIONS & WEBSITE CONSULTING FEES 73,562 0 0 73,562
OTHER PROFESSIONAL FEES 61,663 52 0 61,611
CUSTODIAL FEES 33,121 770 0 32,351
ADVISORY FEES 303 303 0 0


TY 2023 TaxesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENTS 1,032,390 0 0 0