TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
DOROTHY B DAVIS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 641670
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
OMAHA, NE68164

A Employer identification number

47-2493491

B Telephone number (see instructions)

(402) 990-2779

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$95,248,626J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	86,666		86,666
4	Dividends and interest from securities...	442,441		442,441
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		6,384,411
b	Gross sales price for all assets on line 6a 25,678,431
7	Capital gain net income (from Part IV, line 2)...			6,384,411
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).......	List of Attached Documents: // Content	1,240	0
12	Total. Add lines 1 through 11........	6,914,758		6,913,518
13	Compensation of officers, directors, trustees, etc.	218,097		10,905	207,192
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	40,774		2,039	38,735
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	2,458	0	2,458
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	19,172	0	19,172
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	283,293	283,293	0
17	Interest...............	195,910		0	195,910
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	37,549	12,145	15,404
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	2,254	0	2,254
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	799,507		308,382	481,125
25	Contributions, gifts, grants paid.......	6,125,515			6,125,515
26	Total expenses and disbursements. Add lines 24 and 25	6,925,022		308,382	6,606,640
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-10,264
b	Net investment income (if negative, enter -0-)			6,605,136
c	Adjusted net income (if negative, enter -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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	182,437	86,402	86,402
	2	Savings and temporary cash investments.........	447,626	873,968	873,968
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	105	List of Attached Documents: // Content 1,363,789	1,384,461
	b	Investments—corporate stock (attach schedule).......	16,521,318	List of Attached Documents: // Content 17,167,196	85,701,263
	c	Investments—corporate bonds (attach schedule).......	3,163,406	List of Attached Documents: // Content 1,276,090	1,323,327
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,739,985	List of Attached Documents: // Content 5,476,398	5,879,205
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	26,054,877	26,243,843	95,248,626
	17	Accounts payable and accrued expenses..........		3,321
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......	2,968,514	List of Attached Documents: // Content 3,164,423
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	2,968,514	3,167,744
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	23,086,363	23,076,099
	29	Total net assets or fund balances (see instructions).....	23,086,363	23,076,099
	30	Total liabilities and net assets/fund balances (see instructions).	26,054,877	26,243,843

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

23,086,363

Enter amount from Part I, line 27a .....................

-10,264

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

23,076,099

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

23,076,099

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	P	2023-01-01	2023-12-31
b	PUBLICLY TRADED SECURITIES	P	2022-01-01	2023-12-31
c	BERKSHIRE HATHAWAY CL A	D	2015-07-06	2023-09-22
d	BERKSHIRE HATHAWAY CL B	D	2015-07-06	2023-11-21
e	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	11,614,788	11,952,487	-337,699
b	7,656,541	7,338,745	317,796
c	5,816,111	225	5,815,886
d	529,920	2,563	527,357
e	61,071		61,071

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			-337,699
b			317,796
c			5,815,886
d			527,357
e			61,071

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	6,384,411
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	91,811
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	91,811
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	91,811
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	11,256
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	90,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	101,256
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	9,445
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax9,445	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

PAMELA SWISHER Telephone no. right arrow

(402) 990-2779

Located at right arrow

PO BOX 641670OMAHANE ZIP+4 right arrow

681647670

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part 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
CLINT SEEMANN	DIRECTOR 1.00	0	0	0
PO BOX 641670 OMAHA,NE68164	DIRECTOR 1.00	0	0	0
LEE D SEEMANN JR	PRESIDENT 1.00	0	0	0
PO BOX 641670 OMAHA,NE68164	PRESIDENT 1.00	0	0	0
PAMELA SWISHER	EXECUTIVE DIRECTOR 40.00	218,097	36,000	4,774
PO BOX 641670 OMAHA,NE68164	EXECUTIVE DIRECTOR 40.00	218,097	36,000	4,774
TOM NICHOLS	TRUSTEE/DIRECTOR 1.00	0	0	0
PO BOX 641670 OMAHA,NE68164	TRUSTEE/DIRECTOR 1.00	0	0	0

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...................				0

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
MORGAN STANLEY	INVESTMENT FEES	240,610
1585 BROADWAY NEW YORK,NY10036	INVESTMENT FEES	240,610

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


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 arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

90,254,090

Average of monthly cash balances.......................

1,598,090

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

91,852,180

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

91,852,180

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

1,377,783

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

90,474,397

Minimum investment return. Enter 5% (0.05) of line 5................

4,523,720

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.)

Minimum investment return from Part IX, line 6..................

4,523,720

Tax on investment income for 2022 from Part V, line 5.......

91,811

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

91,811

Distributable amount before adjustments. Subtract line 2c from line 1............

4,431,909

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

4,431,909

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

4,431,909

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

6,606,640

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

6,606,640

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					4,431,909
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	7,050,669
b From 2019......	2,469,416
c From 2020......	607,078
d From 2021......	2,508,810
e From 2022......
f Total of lines 3a through e ........		12,635,973
4Qualifying distributions for 2023 from Part
XI, line 4: $ 6,606,640
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					4,431,909
e Remaining amount distributed out of corpus		2,174,731
5 Excess distributions carryover applied to 2023.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		14,810,704
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 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 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		7,050,669
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		7,760,035
10 Analysis of line 9:
a Excess from 2019....	2,469,416
b Excess from 2020....	607,078
c Excess from 2021....	2,508,810
d Excess from 2022....
e Excess from 2023....	2,174,731

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AVENUE SCHOLARS 7101 MERCY RD STE 240 OMAHA,NE68106		PC	SCHOLARSHIPS	200,000
BIG BROTHERS BIG SISTERS 10831 OLD MILL ROAD STE 400 OMAHA,NE68154		PC	GENERAL OPERATING	50,000
CAMP FOSTER YOUNG MENS CHRISTIAN ASSOCIATION INC 1900 41ST STREET SPIRIT LAKE,IA51360		PC	CAPITAL AND GENERAL OPERATING	28,000
CASA FOR DOUGLAS COUNTY 2412 ST MARYS AVE OMAHA,NE68105		PC	VOLUNTEER PROGRAM	75,000
COLLECTIVE FOR HOPE 7811 FARNAM DRIVE OMAHA,NE68114		PC	GENERAL OPERATING	35,000
HABITAT FOR HUMANITY OMAHA 1701 N 24TH STREET OMAHA,NE68110		PC	LOW INCOME HOUSING	2,500,000
HEARTLAND EQUINE THERAPEUTIC RIDING ACADEMY 10130 S 222ND ST GRETNA,NE68028		PC	GENERAL OPERATING	40,000
MENDING FACES PO BOX 214 BROOMFIELD,CO80038		PC	GENERAL OPERATING	25,000
OMAHA CRIME STOPPERS PO BOX 126 OMAHA,NE68102		PC	REWARD FUND FOR TIPS ON LOCAL CRIME	30,000
PGA REACH NE 610 J ST STE 10 LINCOLN,NE68508		PC	GENERAL OPERATING	10,000
PHOENIX ACADEMY 1110 N 66TH ST OMAHA,NE68132		PC	SCHOLARSHIPS	100,000
PROJECT HARMONY 11949 Q STREET OMAHA,NE68137		PC	GENERAL OPERATING	100,000
SPECIAL OLYMPICS 9427 F STREET OMAHA,NE68127		PC	GENERAL OPERATING	25,000
USA HOCKEY FOUNDATION 1775 BOB JOHNSON DRIVE COLORADO SPRINGS,CO80906		SO I	GENERAL OPERATING	100,000
ANGELS AMONG US 220 N 89TH ST 101 OMAHA,NE68114		PC	GENERAL OPERATING	40,000
ASSISTANCE LEAGUE OF OMAHA 8502 W CENTER RD OMAHA,NE68124		PC	OPERATION SCHOOLBELL	50,000
AUTISM ACTION COALITION 10909 MILL VALYE RD 205 OMAHA,NE68154		PC	GENERAL OPERATING	35,000
CHILDREN'S HOSPITAL 8200 DODGE STREET OMAHA,NE68114		PC	CAPITAL IMPROVEMENTS - NICU	600,000
CHILDREN'S SCHOLARSHIP FUND OF OMAHA 7837 CHICAGO PLAZA OMAHA,NE68114		PC	SCHOLARSHIPS	50,000
DISCOVERY HOUSE PO BOX 163 SPIRIT LAKE,IA51360		PC	CAPITAL CAMPAIGN	100,000
HOSPICE HOUSE 7415 S CEDAR ST OMAHA,NE68124		PC	GENERAL OPERATING	100,000
MAKE-A-WISH 1005 S 107TH AVE OMAHA,NE68114		PC	GENERAL OPERATING	50,000
OLLIE WEBB CENTER 1941 S 42ND ST 122 OMAHA,NE68105		PC	GENERAL OPERATING	25,000
OMAHA POLICE FOUNDATION PO BOX 540752 OMAHA,NE68154		PC	GENERAL OPERATING	10,000
SPIRIT LAKE KIWANIS FOUNDATION PO BOX 594 SPIRIT LAKE,IA513600594		PC	CAPITAL CAMPAIGN	1,727,515
VOLUNTEER'S ASSISTING SENIORS 1941 S 42ND ST 312 OMAHA,NE68105		PC	GENERAL OPERATING	20,000
Total ................................. 3a				6,125,515

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	86,666
4 Dividends and interest from securities ....			14	442,441
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	6,384,411
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aSETTLEMENT INCOME					1,240
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		6,913,518	1,240

13Total. Add line 12, columns (b), (d), and (e)..................

6,914,758

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
11A	SETTLEMENT INCOME

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	19,172	0		19,172

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BATH & BODY WORKS	38,505	39,664
SBA COMMUNICATIONS CORP	39,575	41,375
VERIZON COMMUNICATIONS	30,243	30,669
ZIMMER BIOMET HOLDINGS	26,135	26,460
BERRY GLOBAL INC - 1.57%	2,711	2,790
HCA INC	30,447	30,292
GLOBAL PAYMENTS INC	23,664	23,815
MOLSON COORS BEVERAGE CO	26,529	26,842
AMERICAN TOWER CORP - 3.375%	23,767	23,982
BERRY GLOBAL INC - 1.65%	23,636	24,305
BROADCOM CORP/CAYMAN FINANCE LTD	22,232	22,451
CARRIER GLOBAL CORP	28,675	30,108
KRAFT HEINZ FOODS CO	24,262	24,544
WILLIS NORTH AMERICA - 4.65%	23,654	23,813
OLIN CORP	29,620	30,188
TRANSIDIGM INC	26,460	27,505
UNITED RENTALS NORTH AMERICA - 4.875%	25,920	26,376
EXPEDIA INC	30,222	30,841
MOTOROLA SOLUTIONS INC	14,916	14,940
TEGNA INC	37,291	40,122
DISCOVERY COMMUNICATIONS - 3.95%	2,783	2,862
BAT CAPITAL CORP	30,472	31,343
DOLLAR TREE INC	24,392	24,488
TRIMBLE INC	29,755	30,224
AMERICAN TOWER CORP - 5.25%	2,976	3,051
BLOCK FINANCIAL LLC	30,162	31,255
BROADCOM INC	4,704	4,886
WESTINGHOUSE AIR BRAKE TECH CORP	26,732	26,727
WILLIS NORTH AMERICA - 4.5%	2,859	2,929
TENET HEALTHCARE CORP	38,776	40,801
CONAGRA BRANDS INC	30,066	30,020
GENIUNE PARTS CO	28,560	29,764
CDW LLC/FINANCE CORP - 3.276%	23,375	24,752
CDW LLC/FINANCE CORP - 3.25%	5,087	5,485
AT&T INC	26,408	26,655
HP INC	26,108	27,210
DISCOVERY COMMUNICATIONS - 4.125%	23,606	24,675
SERVICE COPR INTERNATIONALS/US	22,950	23,575
FORTUNA BRANDS INNOVATIONS INC	23,716	24,950
ALLEGOIN PLC	29,607	30,551
QORVO INC	26,169	27,569
ENCOMPASS HEALTH CORP	29,520	30,195
CARLISLE COS INC	28,389	31,055
ORACLE CORP - 2.95%	23,673	24,380
STEEL DYNAMICS INC	25,735	26,745
ALTRIA GROUP INC	23,762	24,668
FLEX LTD	29,641	30,462
MARRIOTT INTERNATIONAL INC/MD	28,071	30,495
UNITED RENTALS NORTH AMERICA - 4%	11,743	12,873
TELEDYNE TECHNOLOGIES INC	28,519	31,296
EAGLE MATERIALS INC	27,440	30,590
DICK'S SPORTING GOODS INC	28,773	32,450
ORACLE CORP - 6.25%	3,097	3,264

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES	157,131	260,195
ABBVIE INC COM	92,256	114,046
ACCENTURE PLC IRELAND CL A	31,982	38,951
ADOBE INC	125,104	188,526
ADVANCED MICRO DEVICES	68,157	113,653
AGILENT TECHNOLOGIES	49,030	56,869
AIR LIQUIDE ADR	47,080	62,042
AIR PROD & CHEM INC.	79,698	126,496
AIRBNB INC	23,141	30,632
ALCON INC	56,124	71,312
ALEXANDRIA REAL ESTATE EQ INC	11,147	13,688
ALPHABET INC CL A	61,399	79,623
ALPHABET INC CL C	104,560	367,827
AMAZON	685,018	1,127,699
AMERICAN TOWER CORP (AMT)	151,614	190,822
AMERICAN EXPRESS CO	82,615	97,965
AMGEN INC	25,492	37,443
AMPHENOL CORP NEW CL A	165,684	210,850
ANALOG DEVICES INC	105,905	126,086
ANSYS INC	17,681	25,012
AON PLC SHS CL A	34,837	50,929
APPLIED MATERIALS INC (AMT)	78,199	98,214
APPLE INC.	162,332	740,855
APTIV PLC	98,227	135,209
ARCH CAPITAL GROUP LTD	45,564	53,326
ARES MANAGEMENT CORP CL - A	12,222	26,400
ARISTA NETWORKS INC	81,076	106,922
ASHTEAD GROUP PLC ADR	91,277	110,164
ASML HOLDING NY NY	243,640	415,549
ASTRAZENECA	68,341	125,406
ATLASSIAN CORP PLC CL A	45,656	77,305
ATS CORPORATION	19,028	19,295
AUTODESK INC. DELAWARE	17,970	69,635
AUTOMATIC DATA PROCESSING INC.	136,905	207,110
AVALONBAY COMM INC	22,993	28,645
B&M EUROPEAN VALUE	20,188	34,992
BANK OF AMERICA CORP	108,308	123,502
BAXTER INT'L INC	12,365	14,807
BECTON DICKINSON & CO	31,396	46,815
BEIERSDORF AG UNSPONS ADR	87,919	106,459
BERKSHIRE A STOCK	2,047	53,177,253
BERKSHIRE B STOCK	18,975	3,950,723
BEST BUY CO	26,944	29,838
BE SEMICONDOCUTOR IND NV	23,624	53,811
BLACKROCK INC	112,460	128,264
BOOKING HOLDINGS	24,722	43,056
BRISTOL MYERS SQUIBB CO	68,386	77,786
BROADCOM LTD SHS	61,599	103,797
BROOKFIELD ASSET MGNT CL A LTD	21,156	38,965
BROOKFIELD CORP CL A	125,392	200,961
BROOKFIELD INFRASTURE SB VTG A	37,858	49,533
BROOKFIELD RENEWABLE CORP CL A	17,832	21,924
BROWN & BROWN INC	60,414	110,576
BROWN FORMAN CORP CL B	7,167	7,960
BRUNELLO CUCINELLI	46,842	55,102
CADENCE DESIGN SYSTEM	61,068	100,777
CAPITAL ONE FINANCIAL CORP	10,254	19,668
CARMAX INC.	59,987	80,807
CBRE GROUP INC	42,905	81,174
CDW CORPORATION	137,866	258,690
CENCORA INC	22,625	48,264
CHARLES SCHWAB NEW	224,180	398,352
CHEVRON CORP	132,206	128,427
CHIPOTLE MEXICAN GRILL INC	45,439	68,609
CHUBB LTD	96,044	138,312
CIGNA CORP	63,389	72,467
CME GROUP INC	39,614	85,504
CMS ENERGY CP	32,016	43,320
COCA COLA CO	54,404	67,117
COLGATE PALMOLIVE CO	23,901	25,029
CONSTELLATION ENERGY CORP	20,867	21,975
COMCAST CORP - CLASS A	75,831	124,622
CONOCOPHILLIPS	173,235	189,658
CONSTELLATION BRANDS INC CL - A	144,657	161,006
COOPER CO INC NEW	130,679	144,567
COPART INC	58,821	195,474
CORNING INC	30,714	33,651
COSTAR GROUP INC	126,865	177,489
COSTCO WHOLESALE CORP	39,936	51,813
CROWDSTRICKE HLDGS INC CL - A	61,067	66,639
CSL LTD	56,931	73,841
CVS HEALTH CORP	41,094	54,167
DANAHER CORPORATION	25,420	27,529
DEERE & CO	33,469	69,577
DEUTSCHE BOERSE AG UNSPON ADR	63,480	71,817
DIPLOMA PLC ADR	33,775	40,366
DISCO CORP ADR	43,904	60,368
DLOCAL LTD	8,857	8,791
DOLLAR GEN CORP	29,200	38,202
DOMINION ENERGY INC	33,175	37,089
DOMINOS PIZZA	65,392	86,156
DOVER CORP	93,855	104,283
EATON CORP	182,767	369,659
ELEVANCE HEALTH INC	12,506	13,311
ELI LILLY & CO	104,116	343,923
ENOVIS CORPORATION COM	3,170	4,594
EOG RESOURCES INC	96,719	97,002
EQUINIX INC COM PAR	43,321	82,150
ESTEE LAUDER CO INC CL A	4,672	5,996
EXXON MOBIL CORP	96,661	128,974
FASTENAL CO	29,546	63,216
FERRARI N V	101,699	230,132
GALLAGHER ARTHUR J & CO	46,711	53,971
GARTNER INC	100,903	171,422
GENERAL ELECTRIC	20,381	34,077
GENL DYNAMICS CORP	97,642	106,205
GLOBANT S.A SYMBOL	33,876	46,644
GOLDMAN SACHS GRP INC	17,815	21,217
HARTFORD FIN SERVICES GRP INC	24,851	46,620
HDFC BANK LTD ADR	68,355	72,871
HEICO CORP	129,114	164,661
HEMNET GROUP AB ADR	27,712	39,590
HERMES INTL SCA UNSPON ADR	72,333	175,928
HERSHEY COMPANY	46,029	42,135
HILTON WOLDWIDE HOLDINGS	79,100	172,257
HOME DEPOT INC.	18,795	85,598
HOWARD HUGHES CORP	12,734	18,308
HOYA CORP SPONS ADR	58,903	67,260
HUBSPOT INC	36,674	43,175
HUMANA INC	23,180	24,135
HYATT HOTELS CORP	16,128	37,297
ICON PLC	55,412	72,183
IDEXX LABS	15,894	40,519
ILLUMINA INC	94,084	100,671
INTEL CORP	26,676	46,934
INTL BUSINESS MACHINES CORP	37,209	53,808
INTUIT INC	46,434	111,880
INTERCONTINENTAL EXCHANGE	19,755	23,374
IQVIA HOLDINGS INC	265,166	283,441
JAPAN EXCHANGE GROUP	17,454	18,589
INTUITIVE SURGICAL INC.	86,008	147,089
JOHNSON & JOHNSON	86,169	111,285
KENVUE INC	5,611	6,459
KEYENCE CORP	83,851	96,498
KKR & CO	52,749	181,442
L OREAL CO ADR	151,828	218,425
LENNAR CORPORATION	26,343	85,549
LIBERTY MEDIA CORP SER A	794	2,609
LIBERTY MEDIAL CORP SER C	20,198	44,254
LINDE PLC	23,779	29,160
LIVE NATION ENTERTAINMENT INC	54,452	88,733
LOWES COMPANIES INC	39,311	41,172
LONZA GROUP	33,161	49,968
LULULEMON ATHLETICA	50,703	77,716
LVMH MOET HENNESSY	110,158	215,884
MARKEL CORP	71,262	103,653
MARSH & MCLENNAN COS	98,486	128,082
MARTIN MARIETTA MATERIALS	43,306	59,869
MASTERCARD INC CL A	278,983	710,139
MCDONALDS CORP	51,319	94,290
MEDTRONIC PLC SHS	25,127	27,426
MERCADOLIBRE INC	112,961	251,446
META PLATFORMS INC CL - A	219,226	477,138
METLIFE INC.	34,410	63,088
MICROSOFT CORP	539,012	1,742,945
MICROCHIP TECHNOLOGY INC	59,162	69,439
MICRON TECH INC	53,562	72,198
MOBILEYE GLOBAL INC CL A	38,923	41,098
MONDELEZ INTL INC. COM	32,472	60,262
MONGODB INC CL - A	88,007	110,390
MONOLITHIC PWR SYSTEMS INC	21,832	33,431
MONSTER BEVERAGE CORP NEW COM	41,291	73,568
MOODYS CORP	10,286	38,006
MORGAN STANLEY	57,358	125,701
MSCI INC. COM	29,765	53,586
NESTLE SPON ADR REP REG SHR	82,800	85,832
NETFLIX	168,457	310,144
NEXTERA ENERGY INC	55,588	93,302
NIKE INC	202,427	223,798
NOMURA RESH INST	73,121	80,163
NORFOLK SOUTHERN CORP	100,993	136,155
NORTHROP GRUMMAN CP	46,350	55,701
NOVO NORDISK A/S ADR	240,102	346,661
NU HLDGS LTD ORD SHS CL A	54,678	57,077
NVIDIA CORPORATION	442,904	701,233
NXP SEMICONDUCTORS NV	74,872	105,882
OLD DOMINION FREIGHT LINE	18,446	23,509
O'REILLY AUTOMOTIVE INC	155,712	175,765
PALO ALTO NETWORKS	63,762	201,403
PARKER HANNIFIN	18,734	58,970
PAYPAL HOLDINGS	23,241	25,126
PDD HOLDINGS INC ADR	22,411	28,530
PEPSICO INC	41,607	62,331
PFIZER INC	17,930	18,450
PHILIP MORRIS INTL INC.	88,908	106,593
PNC FINL SVCS GP	60,099	88,884
PPG INDUSTRIES INC	79,223	109,022
PROCTOR & GAMBLE	55,296	78,839
PROGRESSIVE CORP OHIO	35,743	112,452
PROLOGIS INC COM	38,617	49,592
PUBLIC SERVICE ENTERPRISE	26,921	31,492
REPUBLIC SERVICES INC	18,476	55,575
ROPER TECHNOLOGIES	120,453	183,722
ROSS STORES INC	37,323	67,949
RTX CORPORATION	109,140	145,057
S&P GLOBAL INC COM	59,358	128,110
SALESFORCE.COM	50,401	98,678
SARTORIUS STEDIM BIOTECH S ADR	18,965	22,806
SBA COMMUNICATIONS CORP	50,299	84,487
SCHIBSTED ADR	19,688	19,563
SEAGATE TECHNOLOGY PLC	36,793	46,008
SERVICENOW	108,281	244,446
SHERWIN WILLIAMS COMPANY OHIO	91,142	114,779
SHOPIFY	55,571	91,065
SIG COMBIBLOC GROUP AG NAMEN A	54,349	53,563
SPLUNK INC	21,836	36,564
SNOWFLAKE INC CL A	23,716	29,054
SUMMIT MATLS INC	13,886	18,192
STARBUCKS CORP WASHINGTON	29,787	40,324
STERICYCLE INC	114,074	124,693
STRYKER CORP	62,099	94,929
SYNOPSYS INC	33,593	60,244
SYSCO CORP	53,533	64,062
T-MOBILE US INC COM	35,085	40,083
TAIWAN SMCNDCTR MFG	80,803	148,304
TARGET CORPORATION	62,186	72,777
TRADE DESK INC	9,034	9,211
TRAVELERS COMPANIES INC	23,575	25,907
TECK RESOURCES LTD	44,047	48,357
TENCENT HOLDINGS	5,734	6,122
TESLA INC	90,891	221,396
TEXAS INSTRUMENTS	18,775	33,069
THERMO FISHER	96,798	168,791
TJX COS INC NEW	159,465	290,905
TOTALENERGIES SE SPONSORED ADS	38,943	51,815
TRANSDIGM GROUP	53,986	208,390
TYLER TECHNOLOGIES INC	61,107	73,145
UBER TECHNOLOGIES	40,136	83,058
UNITED PARCEL SER INC CL-B	72,413	102,246
UNITEDHEALTH GP INC	180,939	454,335
UNION PACIFIC CORP	80,864	85,476
US BANCORP COM NEW	89,032	104,348
VAIL RESORTS	36,895	42,859
VENTAS INC	19,060	21,730
VERISIGN INC	46,103	70,011
VERISK ANALYTICS INC COM	15,344	41,562
VERIZON COMMUNICATIONS	13,590	15,763
VERTEX PHARMACEUTICALS	30,515	39,680
VISA INC	206,938	399,377
VULCAN MATERIALS CO	63,313	128,942
W W GRAINGER	34,409	105,244
WATERS CORP	17,605	21,367
WALMART	54,718	81,032
WELLS FARGO & CO NEW	140,243	156,470
WIX COM	12,652	18,576
WOLTERS KLUWER NV	39,197	62,412
WORKDAY INC CL A	43,185	78,125
XCEL ENERGY INC	36,736	51,005
ZOETIS INC. CLASS A	73,012	266,450

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

US Government Securities - End of Year Book Value:

1,363,789

US Government Securities - End of Year Fair Market Value:

1,384,461

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
EXCH TRADED FUNDS	AT COST	2,898,861	3,078,653
EXCH TRADED FUNDS	AT COST	141,808	187,955
MUTUAL FUNDS	AT COST	2,415,127	2,591,959
DIVIDENDS RECEIVABLE	AT COST	484	484
ACCRUED INTEREST	AT COST	20,118	20,154

- TIN:

TY 2023 LegalFeesSchedule

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	2,458	0		2,458

- TIN:

TY 2023 MortgagesAndNotesPayableSch

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Total Mortgage Amount:

Item No.	1
Lender's Name	MORGAN STANLEY
Lender's Title
Relationship to Insider	NONE
Original Amount of Loan
Balance Due	3,164,423
Date of Note	2020-04
Maturity Date
Repayment Terms	VARIABLE LINE, CAN BE PAID BACK AT ANYTIME
Interest Rate	5.391100000000
Security Provided by Borrower	INVESTMENT ACCOUNTS
Purpose of Loan	LINE OF CREDIT THAT CAN BE USED FOR GRANT REQUESTS
Description of Lender Consideration	FAIR MARKET VALUE OF INVESTMENTS
Consideration FMV	95236850

- TIN:

TY 2023 OtherExpensesSchedule

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
AUTO EXPENSE	1,429	0		1,429
TELEPHONE	825	0		825

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
SETTLEMENT INCOME	1,240		1,240

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	283,293	283,293		0

- TIN:

TY 2023 TaxesSchedule

Name:

DOROTHY B DAVIS FOUNDATION

EIN:

47-2493491

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FOREIGN TAXES	11,334	11,334	0
PAYROLL TAXES	16,215	811	15,404
EXCISE TAXES	10,000	0	0