TY 2024 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

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
The Dorothy B Davis Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

47-2493491

B Telephone number (see instructions)

(800) 839-1754

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

$114,392,163J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	6,676		6,676
4	Dividends and interest from securities...	615,796		615,796
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		6,559,878
b	Gross sales price for all assets on line 6a 26,964,930
7	Capital gain net income (from Part IV, line 2)...			6,559,878
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	3,865	3,865
12	Total. Add lines 1 through 11........	7,186,215		7,186,215
13	Compensation of officers, directors, trustees, etc.	290,562				290,562
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	65,710				65,710
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	15,158	0	0	15,158
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	26,605	0	0	26,605
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	305,426	305,426
17	Interest...............	200,195
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	131,325	1,325
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	1,198				1,198
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	4,079	2,388		1,691
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,040,258		309,139	0	400,924
25	Contributions, gifts, grants paid.......	1,400,000				1,400,000
26	Total expenses and disbursements. Add lines 24 and 25	2,440,258		309,139	0	1,800,924
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	4,745,957
b	Net investment income (if negative, enter -0-)			6,877,076
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

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.............	86,402
	2	Savings and temporary cash investments.........	873,968	1,217,648	1,217,648
	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)	1,363,789	List of Attached Documents: // Content 1,408,974	1,428,054
	b	Investments—corporate stock (attach schedule).......	17,167,196	List of Attached Documents: // Content 27,190,617	110,353,608
	c	Investments—corporate bonds (attach schedule).......	1,276,090	List of Attached Documents: // Content 1,348,872	1,392,853
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,476,398
	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)	26,243,843	31,166,111	114,392,163
	17	Accounts payable and accrued expenses..........	3,321	3,724
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......	3,164,423
	22	Other liabilities (describe )		List of Attached Documents: // Content 3,364,619
	23	Total liabilities (add lines 17 through 22).........	3,167,744	3,368,343
		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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	23,076,099	27,797,768
	29	Total net assets or fund balances (see instructions).....	23,076,099	27,797,768
	30	Total liabilities and net assets/fund balances (see instructions).	26,243,843	31,166,111

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

23,076,099

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

4,745,957

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

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

27,822,056

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

24,288

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

27,797,768

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	26,964,930	20,405,052	6,559,878
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			6,559,878
b
c
d
e

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	6,559,878
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	95,591
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	95,591
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	95,591
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	49,445
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	86,800
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	136,245
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	711
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	39,943
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax39,943	Refunded	11

Form 990-PF (2024)

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

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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 2024 or the taxable year beginning in 2024? 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

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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 2024, 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 (2024)

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 2024? .............

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 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

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 2024 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 2024.) .....................

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 2024? ..

Form 990-PF (2024)

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
Lee D Seemann Jr	Pres, Dir 1.0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Pres, Dir 1.0	0	0
Clint D Seemann	VP, Dir 1.0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	VP, Dir 1.0	0	0
Thomas L Nichols	Dir 1.0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0
Alexis Seemann	Exec Dir 40.0	48,654	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Exec Dir 40.0	48,654	0
Pamela Swisher	Exec Dir 40.0	241,908	48,027
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Exec Dir 40.0	241,908	48,027

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










Total number of other employees paid over $50,000...................

Form 990-PF (2024)

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 Mgmt	305,426
13625 California St Ste 400 OMAHA,NE681549716	Investment Mgmt	305,426

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 (2024)

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

109,498,168

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

939,092

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

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

110,437,260

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

110,437,260

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

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

1,656,559

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

108,780,701

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

5,439,035

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

5,439,035

Tax on investment income for 2024 from Part V, line 5 .......

95,591

Income tax for 2024. (This does not include the tax from Part V.) ...

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

95,591

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

5,343,444

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

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

5,343,444

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

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

5,343,444

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 ..........

1,800,924

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. .......

1,800,924

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2024
1 Distributable amount for 2024 from Part X, line 7			5,343,444
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......	2,469,416
b From 2020......	607,078
c From 2021......	2,508,810
d From 2022......
e From 2023......	2,174,731
f Total of lines 3a through e ........		7,760,035
4Qualifying distributions for 2024 from Part
XI, line 4: $ 1,800,924
a Applied to 2023, 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 2024 distributable amount.....			1,800,924
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.		3,542,520	3,542,520
(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		4,217,515
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 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........			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 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		4,217,515
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....	2,042,784
c Excess from 2022....
d Excess from 2023....	2,174,731
e Excess from 2024....

Form 990-PF (2024)

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 2024, 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) 2024	(b) 2023	(c) 2022	(d) 2021	(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).)

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.

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 (2024)

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
ASSISTANCE LEAGUE OF OMAHA NEBRASKA INC 8502 W CENTER RD OMAHA,NE68124	N/A	PC	General & Unrestricted	50,000
AUTISM ACTION PARTNERSHIP 10909 MILL VALLEY RD STE 205 OMAHA,NE68154	N/A	PC	General & Unrestricted	35,000
AVENUE SCHOLARS FOUNDATION 2121 N 117TH AVE STE 220 OMAHA,NE68164	N/A	PC	General & Unrestricted	200,000
BIG BROTHERS BIG SISTERS OF THE MIDLANDS 1416 HOWARD ST OMAHA,NE68102	N/A	PC	General & Unrestricted	50,000
CAMP FOSTER YOUNG MENS CHRISTIAN ASSOCIATION INC 1900 41ST ST SPIRIT LAKE,IA51360	N/A	PC	General & Unrestricted	15,000
CASA CONNECTION 2610 14TH ST COLUMBUS,NE68601	N/A	PC	General & Unrestricted	75,000
CHILDRENS SCHOLARSHIP FUND OF OMAHA 7837 CHICAGO PLZ OMAHA,NE68114	N/A	PC	General & Unrestricted	50,000
COLLECTIVE FOR HOPE 7811 FARNAM DR OMAHA,NE68114	N/A	PC	General & Unrestricted	35,000
GUARDIAN ANGELS CATHOLIC SCHOOL 2270 EVANS RD CLEARWATER,FL33763	N/A	PC	General & Unrestricted	100,000
HABITAT FOR HUMANITY INTERNATIONAL INC 1229 MILLWORK AVE STE 301 OMAHA,NE68102	N/A	PC	General & Unrestricted	100,000
HEARTLAND EQUINE THERAPEUTIC RIDING ACADEMY INC 10130 S 222ND ST GRETNA,NE68028	N/A	PC	General & Unrestricted	40,000
KAMO INC 2925 COUNTY RD O TEKAMAH,NE68061	N/A	PC	General & Unrestricted	20,000
MAKE-A-WISH FOUNDATION OF AMERICA 1702 E HIGHLAND AVE STE 400 PHOENIX,AZ85016	N/A	PC	General & Unrestricted	50,000
MENDING FACES PO BOX 214 BROOMFIELD,CO80038	N/A	PC	General & Unrestricted	25,000
NEBRASKA PGA FOUNDATION 610 J ST STE 10 LINCOLN,NE68508	N/A	PC	General & Unrestricted	10,000
NEW VISIONS HOMELESS SERVICES 1435 N 15TH ST COUNCIL BLFS,IA51501	N/A	PC	General & Unrestricted	25,000
OLLIE WEBB CENTER INC 1941 S 42ND ST STE 122 OMAHA,NE68105	N/A	PC	General & Unrestricted	25,000
OMAHA CHILDRENS MUSEUM INC 500 S 20TH ST OMAHA,NE68102	N/A	PC	General & Unrestricted	25,000
OMAHA CRIME STOPPERS INC PO BOX 126 OMAHA,NE68101	N/A	PC	General & Unrestricted	25,000
PHOENIX ACADEMY DAY SCHOOL 1110 N 66TH ST OMAHA,NE68132	N/A	PC	General & Unrestricted	100,000
PROJECT HARMONY-HAVEN FOR ABUSE RESPONSE MEMBERS S 11949 Q ST OMAHA,NE68137	N/A	PC	General & Unrestricted	100,000
RONALD MCDONALD HOUSE CHARITIES INC 26345 NETWORK PL CHICAGO,IL60673	N/A	PC	General & Unrestricted	50,000
SPECIAL OLYMPICS NEBRASKA INC 14216 DAYTON CIR STE 1 OMAHA,NE68137	N/A	PC	General & Unrestricted	25,000
USA HOCKEY FOUNDATION 1775 BOB JOHNSON DR COLORADO SPGS,CO80906	N/A	SO I	General & Unrestricted	100,000
VISITING NURSE ASSOCATION OF THE MIDLANDS 12565 W CENTER RD STE 100 OMAHA,NE68144	N/A	PC	General & Unrestricted	50,000
VOLUNTEERS ASSISTING SENIORS 900 S 74TH PLZ OMAHA,NE68114	N/A	PC	General & Unrestricted	20,000
Total ................................. 3a				1,400,000

bApproved for future payment

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

Form 990-PF (2024)

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	6,676
4 Dividends and interest from securities ....			14	615,796
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	6,559,878
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCLASS ACTION LAWSUIT PROCEEDS			01	3,865
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				7,186,215

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

7,186,215

(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.)

Form 990-PF (2024)

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 (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Bookkeeping	14,325			14,325
Tax Return Preparation/Review	12,280			12,280

- TIN:

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

TY 2024 DepreciationSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ALLEGION PLC NOTE - 3.500% - 1	29,607	30,838
ALTRIA GROUP INC NT - 3.400% -	23,762	24,784
AMERICAN TOWER CORP - 3.375% -	23,767	24,419
AMERICAN TOWER CORP - 5.200% -	2,976	3,019
AT&T INC - 4.350% - 03/01/2029	26,408	26,429
BAT CAPITAL CORP MTN CALL MAKE	30,742	32,156
BERRY GLOB INC NTS - 1.650% -	23,636	25,275
BERRY GLOBAL INC - 1.570% - 01	2,711	2,895
BLOCK FINL LLC - 2.500% - 07/1	30,162	31,833
BROADCOM INC - 4.800% - 10/15/	23,183	23,162
BROADCOM INC SER B NOTE - 4.11	4,704	4,886
CARLISLE COS INC NOTE - 2.750%	28,389	31,342
CDW CORP - 3.250% - 02/15/2029	5,087	5,527
CDW LLC - 3.276% - 12/01/2028	23,375	25,117
CONAGRA BRANDS INC SR NOTE - 4	30,059	29,819
DICKS SPORTING GOODS INC NOTE	28,773	33,312
DISCOVERY COMMS LLC - 3.950%	2,783	2,841
DISCOVERY COMMS LLC - 4.125%	23,606	24,222
DOLLAR TREE INC - 2.650% - 12/	5,149	5,069
DOLLAR TREE INC - 4.200% - 05/	24,392	24,310
EAGLE MATLS INC - 2.500% - 07/	27,440	30,626
ENCOMPASS - 4.750% - 02/01/203	29,520	30,280
EXPEDIA GROUP INC - 3.800% - 0	30,222	30,913
FISERV INC - 5.650% - 08/21/20	24,830	24,431
FISERV INC NOTE CALL MAKE WHOL	3,726	3,753
FLEXTRONICS INTL LTD NOTE - 4.	29,641	30,226
FORTUNE BRANDS - 5.875% - 06/0	5,120	5,129
FORTUNE BRANDS HOME & SECURITY	23,716	24,970
GENUINE PARTS CO - 6.500% - 11	28,547	29,396
HCA INC - 5.875% - 02/15/2026	30,348	30,150
HP INC NOTE - 4.000% - 04/15/2	26,108	26,840
L BRANDS INC - 7.500% - 06/15/	38,505	39,160
LKQ CORP - 6.250% - 06/15/2033	28,266	27,856
LOWE'S COMPANIES, INC - 5.150%	17,195	16,914
MARRIOTT INTERNATIONAL INC. CL	28,071	30,414
MICROCHIP TECH - 5.050% - 03/1	5,964	5,989
MOLSON COORS BEVERAGE CO NOTE	26,529	27,273
MOTOROLA - 4.600% - 02/23/2028	19,872	19,816
MOTOROLA SOLUTIONS INC NOTE -	9,122	9,186
OLIN CORP NOTE CALL - 5.125% -	29,620	30,340
ORACLE CORP - 2.950% - 04/01/2	23,673	24,388
ORACLE CORP NOTE - 6.250% - 11	3,095	3,181
PHILP MORRIS - 5.375% - 02/15/	28,923	29,063
QORVO INC - 4.350% - 10/15/202	26,169	27,197
QUANTA SVCS INC - 2.900% - 10/	20,341	20,543
SBA COMMUNICATIONS CORP SER B	39,575	41,522
SERVICE CORP - 5.750% - 10/15/	3,940	3,880
SERVICE CORP INTL - 5.125% - 0	22,950	23,221
SERVICE CORPORATION INTERNATIO	4,384	4,456
STEEL DYNAMICS INC - 3.450% -	25,735	26,886
TELEDYNE TECHNOLOGIES INC - 2.	28,519	31,263
TENET HEALTHCARE CORP SER B NO	38,776	40,925
TOTAL SYSTEMS SERVICES - 4.800	23,664	23,943
TRANSDIGM INC SER B NOTE - 5.5	26,460	27,514
TRIMBLE - 4.900% - 06/15/2028	29,749	29,970
UNITED RENTALS NORTH AMER INC	11,743	12,743
UNITED RENTALS NORTHAMER INC -	25,920	26,277
VERIZON COMMS - 4.329% - 09/21	30,243	30,418
WESTINGHOUSE AIR BRAKE TECHNOL	26,732	26,738
WILLIS NORTH AMER INC - 4.650%	23,654	23,941
WILLIS NORTH AMER INC NOTE - 4	2,859	2,945
ZIMMER BIOMET HLDGS - 3.550% -	26,135	26,922

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Name of Stock	End of Year Book Value	End of Year Fair Market Value
UNDEFINED	251,865	238,189
AB GROWTH FUND	221,784	274,431
ABBOTT LABS	74,315	84,833
ABBVIE INC	101,515	140,738
ACCENTURE PLC	91,311	109,407
ADOBE SYSTEMS, INC	62,132	51,138
ADVANCED MICRO DEVICES INC	92,494	74,769
AIR PRODS & CHEM INC	108,094	132,258
AIRBNB	29,869	28,910
ALCON INC	62,971	62,117
ALEXANDRIA REAL ESTATE EQUITIE	6,600	6,450
ALPHABET INC CL A	90,943	104,115
ALPHABET INC CL C	104,560	497,048
AMAZON COM	779,721	1,639,063
AMERICAN EXPRESS CO	82,615	155,199
AMERICAN TOWER REIT INC	144,045	155,538
AMETEK INC	27,175	28,661
AMPHENOL CORPORATION	146,344	260,854
ANALOG DEVICES INC	106,449	133,425
ANSYS INC	18,657	24,162
APPLE INC	380,444	1,074,051
ARCH CAPITAL GROUP LTD	60,554	76,928
ARES MANAGEMENT CORPORATION	120,881	154,547
ARISTA NETWORKS	79,364	129,541
ARISTOTLE VALUE EQUITY FUND CL	224,725	260,970
ASML HOLDING NV NY REG SHS	293,405	352,085
ASTERA LABS, INC	62,411	61,589
ASTRAZENECA	98,526	138,116
ATLASSIAN CORP CL A	19,763	23,787
AUTODESK, INC	17,923	54,976
AUTOMATIC DATA PROCESSING INC	136,905	260,237
AVALONBAY CMNTYS INC	22,993	33,655
B&M EUROPEAN VALUE RETAIL SA A	22,619	22,052
BANK OF AMERICA CORP	146,995	201,906
BBB FOODS INC	21,116	28,676
BE SEMICONDUCTOR INDUSTRIES	51,412	74,391
BECTON DICKINSON & CO	44,634	43,559
BEIERSDORF AG ADR EACH REPR 0.	66,090	64,135
BERKLEY W R CP	22,305	23,642
BERKSHIRE HATHAWAY INC DEL CL	1,984	64,687,401
BERKSHIRE HATHAWAY INC. CLASS	17,438	4,614,391
BILL COM HOLDINGS	22,169	34,731
BLACKROCK INC	67,943	98,547
BRISTOL-MYERS SQUIBB CO	104,729	139,081
BROADCOM INC	93,638	135,858
BROOKFIELD ASSET MANAGEMENT LT	19,019	44,490
BROOKFIELD CORP ORD SHS CL A	108,167	233,936
BROOKFIELD INFRASTRUCTURE CORP	61,390	66,657
BROOKFIELD RENEWABLE CORPORATI	32,304	34,907
BROWN & BROWN INC	63,914	155,478
BRUNELLO CUCINELLI S P A UNSPO	70,632	74,841
CADENCE DESIGN SYSTEMS INC	169,915	237,664
CAPITAL ONE FINANCIAL CORP	73,604	83,810
CARMAX INC	59,183	82,905
CARVANA CO.	32,662	85,004
CBRE GROUP	46,105	119,343
CCC INTELLIGENT SOLUTIONS HOLD	43,015	45,254
CENCORA INC	18,687	42,465
CHARLES SCHWAB CORP	281,670	483,063
CHIPOTLE MEX GRILL	45,439	90,450
CHUBB LIMITED	77,207	125,164
CIGNA CORPORATION	55,839	55,806
CLEARBRIDGE LARGE CAP GROWTH I	254,604	298,495
CME GROUP, INC	22,589	50,162
CMS ENERGY CP	32,016	49,721
COLGATE-PALMOLIVE COMPANY	23,901	28,546
COMCAST CORP	93,297	106,660
CONSTELLATION BRANDS INC	155,101	147,186
CONSTELLATION ENERGY GROUP INC	20,867	42,057
COOPER COMPANIES INC	224,438	226,335
COPART INC	58,080	220,952
CORNING INC	42,745	70,947
COSTAR GROUP, INC	115,051	131,153
COSTCO WHOLESALE CORPORATION	77,793	113,617
CSL LTD	55,379	56,739
DANAHER CORP	25,420	27,316
DEERE CO	86,627	132,194
DEUTSCHE BOERSE ADR	71,140	80,211
DIPLOMA PLC	42,325	47,170
DISCO CORPORATION	57,479	71,969
DOMINION ENERGY INC	61,131	70,826
DOMINOS PIZZA INC	62,384	82,693
DOVER CORP	86,815	117,438
EATON CORP PLC	245,214	562,188
ELI LILLY & CO	151,030	363,612
ENTEGRIS INC	1,380	1,288
EOG RESOURCES INC	20,141	21,452
EQUINIX, INC	50,741	101,832
ESC GCI LIBERTY INC SR (ESCROW	0	0
EXXON MOBIL CORP	71,626	97,889
FAIR ISSAC & CO INC	335,748	477,825
FASTENAL COMPANY	23,023	49,115
FERRARI NV	125,638	261,277
FIRST TR VALUE LN DV	141,808	202,228
FLUTTER ENTMT PLC ADR	69,968	85,805
FULLER & THALER BEHAVIORAL SMA	183,719	324,893
GALLAGHER ARTHUR J & CO	74,021	87,710
GARTNER INC	172,739	260,160
GE VERNOVA	13,278	36,840
GEN DYNAMICS CP	104,331	107,767
GENERAL ELECTRIC CO	16,284	44,533
GLOBANT SA	66,000	69,472
GOLDMAN SACHS GROUP	35,251	33,807
GRACO INC	19,221	19,387
GRAINGER W W INC	38,361	107,513
HARTFORD FINANCIALSERVICES GRO	5,612	15,863
HEICO CP CL A	128,395	205,991
HEMNET GROUP AB	34,703	50,328
HERMES INTL 10 ADR	81,882	155,848
HILTON WORLDWIDE HOLDINGS, INC	80,714	210,580
HOME DEPOT INC	89,426	117,475
HONEYWELL INTL	80,471	89,452
HOYA CORP SPONS ADR	79,594	82,956
HYATT HOTELS CORP	15,524	43,013
ICON PLC - AMERICAN DEPOSITARY	30,941	30,408
IDEXX CORP	15,894	30,181
ILLUMINA INC COM	132,294	149,398
INTERCONTINENTAL EXCHANGE, INC	22,142	29,951
INTERNATIONAL BUSINESS MACHINE	24,056	45,505
INTUIT	79,020	121,929
INTUITIVE SURGICAL	74,347	187,906
IQVIA HOLDINGS INC	33,934	33,407
ISHARE SP GBL 100 IN	220,739	219,949
ISHARES MSCI ACWI INDEX	387,424	374,061
ISHARES S&P 500 GROWTH INDEX F	25,747	25,604
ISHARES TR S & P MIDCAP 400 IN	241,887	236,545
ISHARES TRUST - ISHARES MSCI A	188,991	187,644
ISHARES TRUST RUSSELL 1000 GRO	205,966	201,537
ISHARES TRUST RUSSELL 1000 VAL	1,116,810	1,082,153
JOHNSON & JOHNSON	81,737	94,148
JPMORGAN EQUITY INCOME FUND SE	422,837	558,614
KEYENCE CORPORATION,FIRST SECT	110,238	111,444
KKR & CO INC	39,636	222,309
L'AIR LIQUIDE ADR OTC	56,681	56,550
LENNAR CORP	26,343	78,276
LIBERTY MEDIA CORP - SER A	15,504	22,187
LIBERTY MEDIA CORP - SER C	22,260	67,549
LINDE PLC COM	23,779	29,726
LIVE NATION INC COM	50,469	112,665
LONZA GROUP AG UNSP/ADR	79,865	110,330
LOWES COMPANIES INC	115,241	125,868
MARKEL CORP	66,171	116,155
MARSH AND MCLENNAN COMPANIES I	112,243	158,245
MARTIN MARIETTA MATLS INC	57,723	59,398
MASTERCARD INC	316,825	890,957
MCDONALD'S CORP	70,179	108,999
MEDTRONIC PLC	33,305	31,067
MERCADOLIBRE, INC	170,362	255,066
META PLATFORMS INC	404,004	943,257
METLIFE INC	17,821	39,712
MICROSOFT CORP	584,225	1,790,532
MONDELEZ INTERNATIONAL INC	37,686	49,695
MONGODB INC CL A	26,302	18,552
MONOLITHIC POWER SYSTEMS, INC	21,902	31,360
MONSTER BEVERAGE CORP	44,520	67,119
MOODYS CORP	10,522	29,762
MORGAN STANLEY	79,912	194,740
MORGAN STANLEY INSIGHT FUND	312,524	231,975
MSCI INC	61,135	95,402
NETFLIX INC	216,958	547,270
NEXTERA ENERGY, INC	71,034	91,261
NOMURA RESEARCH INST LTD	127,361	127,774
NORFOLK SOUTHERN CORP	117,358	143,402
NORTHEAST UTIL	87,165	93,281
NORTHROP GRUMMAN CORP	31,957	34,337
NOVO NORDISK A S	237,360	250,920
NVIDIA CORP	471,480	1,383,053
NXP SEMICONDUCTORS	41,683	47,598
O'REILLY AUTOMOTIVE INC	135,597	189,728
OLD DOMINION FREIGHT LINE	18,446	20,462
PALO ALTO NETWORKS INC	98,671	143,930
PARKER HANNIFIN CP	25,476	85,228
PAYPAL HOLDINGS, INC	71,944	101,225
PEPSICO INC	41,607	55,806
PERIMETER SOLUTIONS ORD SHS	6,633	20,461
PHILIP MORRIS INTL	97,100	145,624
PNC FINANCIAL GROUP INC	69,589	123,038
PPG INDUSTRIES INC	47,658	42,763
PRINCIPAL FDS, INC. MIDCAP FD	242,805	332,815
PROCTER GAMBLE CO	67,764	103,608
PROGRESSIVE CORP OHIO	25,823	96,802
PROLOGIS	26,228	22,303
PRUDENTIAL JENNISON GLOBAL OPP	300,263	354,965
PUBLIC SVC ENTERPRISE GROUP IN	40,942	63,874
RAYTHEON TECHNOLOGIES CORP	95,923	162,818
REDDIT, INC	105,801	121,599
REPUBLIC SVCS INC	10,504	33,195
ROPER INDUSTRIES	181,981	175,189
ROSS STORES, INC	37,323	74,274
S&P GLOBAL INC COM	54,291	121,519
SALESFORCE.COM	67,791	137,410
SBA COMMUNICATIONS CORP	16,029	16,024
SCHIBSTED ASA UNSPONSORD ADR	55,482	54,579
SCHNEIDER ELEC UNSP/ADR	67,423	75,056
SEA LTD	76,893	133,792
SEAGATE TECHNOLOGY HOLDINGS PL	37,418	46,515
SELECT SECTOR SPDR UTILITIES	1,707,274	2,267,218
SERVICE NOW	124,102	259,729
SHERWIN-WILLIAMS CO	75,832	102,319
SHOPIFY INC	77,425	139,505
SPDR PORTFOLIO LARGE CAP ETF	34,219	34,125
SPDR S&P 500 ETF TRUST	578,012	566,572
SPOTIFY TECHNOLOGY SA	45,565	44,738
STRYKER CORPORATION	55,771	100,454
SYNOPSYS, INC	33,593	56,787
T-MOBILE US INC	35,085	55,183
TAIWAN SEMICONDUCTOR MFG CO LT	367,136	368,516
TARGET CORPORATION	86,236	94,626
TECK RESOURCES LIMITED	47,609	47,217
TENCENT HOLDINGS LIMITED	131,849	129,281
TESLA MOTORS INC	84,475	264,515
TEXAS INSTRUMENTS INC	80,085	104,256
THE BLACKSTONE GROUP INC CL A	87,260	110,004
THE COCA-COLA CO	56,787	70,910
THE TRADE DESK INC	32,840	48,305
THERMO FISHER SCIENTIFIC INC	96,720	147,225
TJX COMPANIES INC	133,232	317,005
TRANSDIGM GRP INC	68,127	197,696
TRAVELERS COMPANIES INC	45,289	54,200
TRUIST FINANCIAL CORPORATION	90,531	102,333
TYLER TECHNOLOGIES, INC	59,870	90,532
UBER	92,898	89,877
UNION PACIFIC	19,603	18,699
UNITED PARCEL SERVICE	67,400	62,167
UNITEDHEALTH GROUP INC	249,041	402,665
VAIL RESORTS INC	38,124	38,615
VANGUARD FTSE ALL-WORLD EX-US	889,828	888,539
VANGUARD GROWTH ETF	452,678	447,566
VANGUARD MID-CAP ETF	84,967	84,280
VANGUARD VALUE ETF	38,692	38,129
VEEVA SYSTEMS INC	58,821	64,547
VENTAS INC	30,793	32,566
VERALTO CORPORATION	7,524	7,414
VERISIGN INC	15,445	16,174
VERISK ANALYTICS, INC	10,780	31,950
VERIZON COMMUNICATIONS	19,879	19,880
VISA INC	200,380	433,923
VULCAN MATERIALS CO	70,581	146,107
WAL-MART STORES INC	48,299	91,886
WATERS CORP	29,474	36,490
WELLS FARGO & CO	153,774	242,679
WIX COM LTD	9,668	23,386
WOLTERS KLUWER S/ADR	49,178	52,661
WORKDAY INC	65,507	77,667
XCEL ENERGY INC	54,752	68,668
ZOETIS INC	111,501	220,607

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

US Government Securities - End of Year Book Value:

1,408,974

US Government Securities - End of Year Fair Market Value:

1,428,054

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

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

- TIN:

TY 2024 LegalFeesSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Document Review/Drafting	3,360			3,360
General Consultations	11,798			11,798

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Description	Amount
TO RECONCILE MUTUAL FUNDS TO STATEMENTS	24,288

- TIN:

TY 2024 OtherExpensesSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Bank Charges	2,388	2,388
Cell Phone Expense	830		830
Digital Subscriptions	178		178
Office Supplies	192		192
Postage/Delivery Service	371		371
Website Hosting/Support	120		120

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Class Action Lawsuit Proceeds	3,865	3,865

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Description	Beginning of Year - Book Value	End of Year - Book Value
LINE OF CREDIT		3,364,619

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	305,426	305,426

- TIN:

TY 2024 TaxesSchedule

Name:

The Dorothy B Davis Foundation

EIN:

47-2493491

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2024	40,000
990-PF Excise Tax for 2023	90,000
Foreign Tax Paid	1,325	1,325