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
Hilda & Preston Davis Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)co FS 44604 Wellsboro Drive
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Ashburn, VA201472535
A Employer identification number

23-7966458
B Telephone number (see instructions)

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$66,856,389J 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 23,306 23,306  
4 Dividends and interest from securities... 1,385,604 1,409,701  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,878,638
b Gross sales price for all assets on line 6a 4,632,141
7 Capital gain net income (from Part IV, line 2)... 2,873,796
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 4,287,548 4,306,803  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 550,000 137,500   412,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
267,925 141,385   126,540
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
80,836 15,836    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,302 66   7,302
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 906,063 294,787   546,342
25 Contributions, gifts, grants paid....... 2,951,000 2,951,000
26 Total expenses and disbursements. Add lines 24 and 25 3,857,063 294,787   3,497,342
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 430,485
b Net investment income (if negative, enter -0-) 4,012,016
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............. 3,080 6,245 6,245
2 Savings and temporary cash investments......... 3,877,245 1,368,467 1,368,467
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 5,452,611 Click to see attachment
List of Attached Documents:
// Content
5,452,611 		5,397,470
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 298,893 Click to see attachment
List of Attached Documents:
// Content
299,085 		321,657
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 39,380,258 Click to see attachment
List of Attached Documents:
// Content
42,260,278 		59,762,550
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 49,012,087 49,386,686 66,856,389
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 434,000 376,000
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 434,000 376,000
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...........    
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 48,578,087 49,010,686
29 Total net assets or fund balances (see instructions)..... 48,578,087 49,010,686
30 Total liabilities and net assets/fund balances (see instructions). 49,012,087 49,386,686
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
48,578,087
2
Enter amount from Part I, line 27a .....................
2
430,485
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,114
4
Add lines 1, 2, and 3 ..........................
4
49,010,686
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
49,010,686
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 LT GL P    
b Publicly traded securities ST GL P    
c Invesco DB Fund ST Net Loss P    
d SIL Fund Cost Basis Adjustment P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,432,169   1,553,940 2,878,229
b 199,972   199,010 962
c     4,842 -4,842
d     552 -552
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       2,878,229
b       962
c       -4,842
d       -552
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 2,873,796
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 55,767
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 55,767
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 55,767
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 67,350
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 67,350
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 11,583
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow11,583 Refundedright arrow 11  
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 arrowPA
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.hpdavis.org
14
The books are in care ofright arrowFoundation Services Telephone no.right arrow (703) 726-4973

Located atright arrow44604 Wellsboro DriveAshburnVA ZIP+4right arrow20147
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)
 
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
 
 
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
 
 
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
Geoffrey M Parkinson Trustee
20.00 		275,000 0 0
co FS 44604 Wellsboro Drive
Ashburn,VA201472535
John D Iskrant Esq Trustee
20.00 		275,000 0 0
co FS 44604 Wellsboro Drive
Ashburn,VA201472535
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
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
Foundation ServicesClick to see attachment
List of Attached Documents:
// Content
Administration 126,540
44604 Wellsboro Drive
Ashburn,VA201472535
Foundation ServicesClick to see attachment
List of Attached Documents:
// Content
Investment Advisor 141,385
44604 Wellsboro Drive
Ashburn,VA201472535
Total number of others receiving over $50,000 for professional services.............right arrow  
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 NA 0
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 NA 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
62,082,513
b
Average of monthly cash balances.......................
1b
3,086,818
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
65,169,331
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
65,169,331
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
977,540
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
64,191,791
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,209,590
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
3,209,590
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
55,767
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
55,767
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,153,823
4
Recoveries of amounts treated as qualifying distributions................
4
27,114
5
Add lines 3 and 4............................
5
3,180,937
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
3,180,937
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
3,497,342
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
3,497,342
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 3,180,937
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 297,500
b From 2019...... 229,936
c From 2020...... 412,359
d From 2021......  
e From 2022...... 383,306
f Total of lines 3a through e ........ 1,323,101
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,497,342
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 3,180,937
e Remaining amount distributed out of corpus 316,405
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,639,506
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		297,500
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,342,006
10 Analysis of line 9:
a Excess from 2019.... 229,936
b Excess from 2020.... 412,359
c Excess from 2021....  
d Excess from 2022.... 383,306
e Excess from 2023.... 316,405
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).)
NONE
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.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Geoffrey Parkinson
Foundation Services 44604 Wellsboro
Ashburn,VA20147
(703) 726-4973
davis@fsllc.net
bThe form in which applications should be submitted and information and materials they should include:
Online application form can be found on the foundations website: www.hpdavis.org
cAny submission deadlines:
Rolling Deadlines
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
See the guidelines page on the foundations website: www.hpdavis.org
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
Alexian Brothers Hospital


1000 Remington Boulevard
Bolingbrook,IL60440 		NA PC Eating Disorders Treatment 20,000
The Barnes Foundation


2025 Benjamin Franklin Parkway
Philadelphia,PA19130 		NA PC Museum Exposure for Children 5,000
The Bowery Mission


355 Lexington Avenue
New York,NY10017 		NA PC Mont Lawn Youth Camp 50,000
Breakthrough Greater Philadelphia


34 West Coulter Street
Philadelphia,PA19144 		NA PC Education Programs & Teacher Development 25,000
Achieve Now


1735 Market St
Philadelphia,PA19103 		NA PC Literacy Programs 40,000
Childrens Schol Fund Philadelphia


100 S Broad St
Philadelphia,PA19110 		NA PC Education & Scholarship Programs 30,000
City Harvest


6 East 32nd Street
New York,NY10016 		NA PC Hunger Relief 75,000
Council For Relationships Inc


4025 Chestnut Street
Philadelphia,PA19104 		NA PC Community Partnerships Initiative 15,000
Cradle of Liberty Council BSA


1485 Valley Forge Road
Wayne,PA19087 		NA PC Education and Character Development Programs 25,000
Cristo Rey Philadelphia High School


1717 W Allegheny Ave
Philadelphia,PA19132 		NA PC Scholarship Support 50,000
Exponent Philanthropy


PO Box 65607
Washington,DC200355607 		NA PC Philanthropy Services 1,000
Feeding America


35 E Wacker Drive
Chicago,IL60601 		NA PC Hunger Relief 50,000
Cristo Rey Philadelphia Horizons


5218 N Broad Street
Philadelphia,PA19141 		NA PC Education Programs 25,000
The Friends of Green Chimneys


400 Doansburg Road
Brewster,NY10509 		NA PC Environmental Science and Experiential Learning 25,000
First Star Inc


2049 Century Park East
Los Angeles,CA90067 		NA PC Education & Scholarship Programs 25,000
Greenwich Center Hope and Renewal


237 Taconic Road
Greenwich,CT06831 		NA PC Counseling Servies 35,000
Greenwich Chaplaincy Services


70 Parsonage Road
Greenwich,CT06830 		NA PC Chaplaincy Services 25,000
Greenwich Council BSA


63 Mason Street
Greenwich,CT06830 		NA PC Education and Character Development Programs 35,000
Greenwich Police Scholarship Fund


1 Bruce Pl
Greenwich,CT068306535 		NA PC Education Scholarships 10,000
Greenwich Rotary Foundation


PO Box 119
Cos Cob,CT06807 		NA PC Rotary International Projects 30,000
Hidden City Philadelphia of Culture


1315 Walnut Street
Philadelphia,PA191074701 		NA PC Cultural Awareness Programs 1,000
Horizons Natl Student Enrichment


120 Post Road West
Westport,CT06880 		NA PC Education Programs 75,000
Inspirica


141 Franklin Street
Stamford,CT06901 		NA PC Ending Family Homelessness 25,000
Kids in Crisis


One Salem Street
Cos Cob,CT06807 		NA PC Child Protection Services 15,000
Kipp Philadelphia Charter School


5070 Parkside Ave
Philadelphia,PA19131 		NA PC Education Programs & Teaching Fellows 125,000
Lankenau Medical Center Foundation


100 East Lancaster Avenue
Wynnewood,PA19096 		NA PC Access to Medical Services 15,000
Life Spring Network


205 E Woodworth Place
Roselle,IL60172 		NA PC Faith & Religion Programs 10,000
The Marshall Legacy Institute


2425 Wilson Blvd
Arlington,VA22201 		NA PC Landmine Eradication Programs Worldwide 140,000
Army Scholarship Foundation Inc


11700 Preston Road
Dallas,TX75230 		NA PC Education Scholarships 15,000
McKinley Childrens Center Inc


180 East Via Verde Avenue
San Dimas,CA91773 		NA PC Treatment for Foster & Neglected Children 25,000
Mercy Neighborhood Ministries


1939 W Venango Street
Philadelphia,PA19140 		NA PC Youth Development 10,000
Lantern Theater Company


1015 Chestnut St
Philadelphia,PA19107 		NA PC Theater Exposure for School-Age Children 50,000
National Constitution Center


525 Arch Street
Philadelphia,PA19106 		NA PC Public Education about the US Constitution 5,000
National Council For Adoption


225 N Washington St
Alexandria,VA22314 		NA PC Adoption Promotion Services 25,000
New Leash On Life USA


PO Box 326
Narberth,PA19072 		NA PC Animal Rescue & Inmate Reform 20,000
Ophelias Place Inc


407 Tulip St
Liverpool,NY13088 		NA PC Eating Disorder Awareness & Education 20,000
Broad Street Review


824 W Lancaster Avenue
Bryn Mawr,PA19010 		NA PC Film Education Center 1,000
University of Pennsylvania Museum


3260 South Street
Philadelphia,PA19104 		NA PC Museum Support 2,000
Pennsylvania Academy of Fine Arts


118 North Broad Street
Philadelphia,PA19102 		NA PC Cultural Awareness Programs 2,000
Philadelphia Museum of Art


2600 Benjamin Franklin Pkwy
Philadelphia,PA19130 		NA PC Cultural Awareness Programs 10,000
Elevate 215


123 S Broad Street
Philadelphia,PA19109 		NA PC Educator Talent Development for Schools Leaders 200,000
Philadelphia Education Fund


718 Arch Street
Philadelphia,PA19106 		NA PC Spark Youth Apprenticeship Program 20,000
Pivot Ministries Inc


485 Jane Street
Bridgeport,CT06608 		NA PC Addiction Treatment & Recovery 15,000
Planned Parenthood Federation


123 William Street
New York,NY10038 		NA PC Family Planning Services 183,000
Project HOME


1515 Fairmount Avenue
Philadelphia,PA19130 		NA PC Housing & Support for Veterans 50,000
Research Fdn For Mental Hygiene


1051 Riverside Drive
New York,NY10032 		NA PC Eating Disorder Research 100,000
Rock to the Future


1201 N 3rd St 283
Philadelphia,PA19122 		NA PC After School Programs 10,000
Ronald McDonald House Philadelphia


3925 Chestnut Street
Philadelphia,PA19104 		NA PC Youth Workforce Internship Program 10,000
Rosenbach Museum Library


2008 Delancey Place
Philadelphia,PA19103 		NA PC Museum Support 1,000
Stanwich Congregational Church


202 Taconic Road
Greenwich,CT06831 		NA PC Missions & Church Support 90,000
Stanford University


455 Broadway Discovery Hall
Redwood City,CA94063 		NA PC Increasing Access to Eating Disorder Care 25,000
Summer on the Hill


4400 Tibbett Avenue
Bronx,NY10471 		NA PC Education Programs 100,000
Heights Philadelphia


123 South Broad St
Philadelphia,PA19109 		NA PC Education Programs 25,000
Teach For America Philadelphia


100 W Oxford St
Philadelphia,PA19122 		NA PC School Leadership Development 175,000
The World is Our Neighborhood


905 Rock Rimmon Road
Stamford,CT06903 		NA PC Medical Relief Equipment 25,000
World Vision Inc


34834 Weyerhaeuser Way South
Federal Way,WA980639716 		NA PC Water & Sanitation Projects 50,000
The Experiment in International Liv


1 Kipling Road
Brattleboro,VT05302 		NA PC Global Cultural Awareness Opportunities 30,000
Settlement Music School Of Philadel


PO Box 63966
Philadelphia,PA19147 		NA PC Education Support 20,000
Community College Philadelphia Fdn


1700 Spring Garden Street
Philadelphia,PA19130 		NA PC Scholarship support - Automotive Technology Prog 50,000
Drexel Fund


128 Chestnut St
Philadelphia,PA19106 		NA PC Education Scholarhips and School Support 150,000
Foster Adopt Connect


18600 E 37th Terrace S
Independence,MO64057 		NA PC Foster Youth Support 25,000
Generation Justice


3900 E Camelback Rd
Phoenix,AZ85018 		NA PC Foster Youth Support 10,000
Icahn School of Medicine at Mt Sina


1425 Madison Ave
New York,NY10029 		NA PC Eating Disorders Research 125,000
Student Diplomacy Corps


424 West 54th Street
New York,NY10019 		NA PC Education & Youth Development 25,000
Williamson College of the Trades


106 South New Middletown Road
Media,PA19063 		NA PC Education & Scholarship Support 50,000
Children in Placement of CT


155 East Street
New Haven,CT06511 		NA PC Guardian ad Litem Program 10,000
Community College Philadelphia Fdn


1700 Spring Garden St
Philadelphia,PA19130 		NA PC Scholarship Support - Welding Technology Training 50,000
Edwins Leadership and Restaurant


13101 Shaker Square
Cleveland,OH44120 		NA PC Re-entry Support and Job Training 25,000
Global Hope Network International


934 N Magnolia Ave
Orlando,FL328033840 		NA PC Poverty Relief in Kenya 15,000
Horizons Bridgeport


1057 Broad St
Bridgeport,CT06604 		NA PC Education Programs 15,000
The LaunchCode Foundation


4811 Delmar Blvd
Saint Louis,MO63108 		NA PC Job Training and Placement 25,000
St Jude Childrens Hospital


501 St Jude Pl
Memphis,TN381051942 		NA PC Operating Support 5,000
Trek Medics International


4857 Santa Cruz Ave
San Diego,CA92107 		NA PC Medical Relief Efforts 20,000
Trek Medics International


4857 Santa Cruz Ave
San Diego,CA92107 		NA PC Medical Relief Efforts 25,000
Tunnel to Towers Foundation


2361 Hylan Blvd
Staten Island,NY10306 		NA PC Housing & Support forVeterans 5,000
Wounded Warrior Project


7020 AC Skinner Pkwy
Jacksonville,FL32256 		NA PC Programs and Services for Veterans 5,000
Total .................................right arrow 3a 2,951,000
bApproved for future payment
Council For Relationships

4025 Chestnut St
Philadelphia,PA191043054 		NA PC Youth Development Programs 15,000
Experiment in International Living

1 Kipling Rd
Brattleboro,VT053020676 		NA PC Youth Development Programs 30,000
Breakthrough Greater Philadelphia

34 West Coulter St
Philadelphia,PA191442802 		NA PC Education Programs & Teacher Development 25,000
Lankenau Medical Center Foundation

100 E Lancaster Ave
Wynnewood,PA19096 		NA PC Medical Relief Program 15,000
National Council For Adoption

431 N Lee St
Alexandria,VA22314 		NA PC Adoption and Child Welfare Research 25,000
Settlement Music School of Phila

416 Queen St
Philadelphia,PA19147 		NA PC Support for Arts Education 20,000
Teach For America Gr Philadelphia

100 W Oxford St
Philadelphia,PA19122 		NA PC Education Leader Fellowship 175,000
Trek Medics International

4857 Santa Cruz Ave
San Diego,CA92107 		NA PC Medical Relief Efforts 25,000
World Vision

34834 Weyerhaeuser Way S
Auburn,WA980019520 		NA PC Medical and Disaster Relief 50,000
Community College Philadelphia Fdn

1700 Spring Garden Street
Philadelphia,PA19130 		NA PC Scholarship support - Automotive Technology Prog 50,000
First Star

2049 Century Park East
Los Angeles,CA90067 		NA PC Education Programs 25,000
Philadelphia Education Fund

718 Arch St
Philadelphia,PA19106 		NA PC Education Programs 20,000
Breakthrough of Greater Philadelphi

34 West Coulter St
Philadelphia,PA191442802 		NA PC Education Programs & Teacher Development 25,000
Alexian Brothers Behavioral Hospita

1000 Remington Blvd
Bolingbrook,IL60440 		NA PC Eating Disorder Treatment 20,000
Army Scholarship Foundation

11700 Preston Rd
Dallas,TX75230 		NA PC Education Scholarships 15,000
Community College of Philadelphia

1700 Spring Garden St
Philadelphia,PA19130 		NA PC Scholarship Support - Welding Technology Training 50,000
Total ................................. right arrow 3b 585,000
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 23,306  
4 Dividends and interest from securities ....     14 1,385,604  
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 2,878,638  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   4,287,548  
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,287,548
(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:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 ContractorCompensationExpln
Name:
Hilda & Preston Davis Foundation
EIN:
23-7966458
Contractor Explanation
Foundation Services Administrative, Tax and Management Services
Foundation Services Investment Advisory & Consulting Services

TY 2023 InvestmentsCorpBondsSchedule
Name:
Hilda & Preston Davis Foundation
EIN:
23-7966458
Name of Bond End of Year Book Value End of Year Fair Market Value
Corporate Bonds 299,085 321,657

TY 2023 InvestmentsGovtObligationsSch
Name:
Hilda & Preston Davis Foundation
EIN:
23-7966458
US Government Securities - End of Year Book Value:

5,452,611
US Government Securities - End of Year Fair Market Value:

5,397,470
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
Hilda & Preston Davis Foundation
EIN:
23-7966458
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Fixed Income Exchange-Traded Funds   10,434,399 10,205,449
Equity Exchange-Traded Funds   31,825,879 49,557,101

TY 2023 OtherExpensesSchedule
Name:
Hilda & Preston Davis Foundation
EIN:
23-7966458
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Exponent Philanthropy Mmbrshp 815 0 0 815
Insurance 6,487 0 0 6,487
Investment Interest Expense 0 66 0 0
New Checks Charge 0 0 0 0


TY 2023 OtherIncreasesSchedule
Name:
Hilda & Preston Davis Foundation
EIN:
23-7966458
Description Amount
Cancelled Grant 1,000
Returned Grant 1,114


TY 2023 OtherProfessionalFeesSchedule
Name:
Hilda & Preston Davis Foundation
EIN:
23-7966458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Admin Srvs Foundation Services 126,540 0 0 126,540
Invst Mgmt Foundation Services 141,385 141,385 0 0


TY 2023 TaxesSchedule
Name:
Hilda & Preston Davis Foundation
EIN:
23-7966458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Estimated Excise Tax Payments 65,000 0 0 0
Foreign Taxes 15,836 15,836 0 0