Skip to content
Nonprofiteer
← DAVIS FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by DAVIS FAMILY FOUNDATION.

Totals

Total revenue
$3,692,698
Total expenses
$3,710,386
Contributions and grants received
$259,130
Grants paid
$3,276,626
Program service revenue
$0
Investment income
$3,393,355
Other revenue
$40,213
Total assets, end of year
$100,467,900
Total liabilities, end of year
$327,367
Net assets or fund balances, end of year
$100,140,533
Program services expenses (Part IX)
$3,429,848
Management and general expenses
$280,538
Fundraising expenses
$0
Program service expenses (Part III)
$3,429,848

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $259,130

  • 1g · Noncash contributions included above

    $259,130

  • 3 · Investment income

    total $1,649,124 · related or exempt $0 · unrelated business $0 · excluded $1,649,124

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $7,213,630 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $5,469,399 · other assets $0

  • 7c · Gain or loss

    securities $1,744,231 · other assets $0

  • 7d · Net gain or loss

    total $1,744,231 · related or exempt $0 · unrelated business $0 · excluded $1,744,231

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: Prior period grant recovery

    total $40,213 · related or exempt $40,213 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $40,213

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,276,626 · program services $3,276,626

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $96,338 · program services $33,634 · management and general $62,704

  • 11a · Fees: management

    total $96,437 · program services $85,600 · management and general $10,837

  • 11c · Fees: accounting

    total $14,600 · management and general $14,600

  • 11f · Fees: investment management

    total $177,395 · management and general $177,395

  • 13 · Office expenses

    total $4,462 · program services $1,894 · management and general $2,568

  • 14 · Information technology

    total $14,264 · program services $12,224 · management and general $2,040

  • 16 · Occupancy

    total $20,664 · program services $13,845 · management and general $6,819

  • 17 · Travel

    total $64 · program services $54 · management and general $10

  • 19 · Conferences, conventions and meetings

    total $1,592 · program services $1,357 · management and general $235

  • 23 · Insurance

    total $2,261 · program services $1,229 · management and general $1,032

  • 24a · Other expenses: Dues

    total $4,964 · program services $3,326 · management and general $1,638 · fundraising $0

  • 24b · Other expenses: Miscellaneous

    total $719 · program services $59 · management and general $660 · fundraising $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,036 · end of year $54,696

  • 2 · Savings and temporary cash investments

    beginning of year $634,414 · end of year $482,850

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,633 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $65,088,851 · end of year $70,143,358

  • 12 · Investments: other securities

    beginning of year $23,566,481 · end of year $29,454,128

  • 14 · Intangible assets

    beginning of year $72,775 · end of year $42,842

  • 15 · Other assets

    beginning of year $212,719 · end of year $290,026

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,557 · end of year $59,185

  • 18 · Grants payable

    end of year $222,827

  • 25 · Other liabilities

    beginning of year $76,352 · end of year $45,355

  • 27 · Net assets without donor restrictions

    beginning of year $89,475,000 · end of year $100,140,533

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

To provide grants to colleges, universities, and other educational institutions; to hospitals and other health organizations with a primary interest in programs designed to increase the effectiveness or decrease the cost of medical care; and organizations whose customary and primary activity is to promote music, theater, drama, history, literature, the arts or similar cultural activities.

Activities or mission (Part I)

Award Grants

  • Grants allocated in support of 501(c)(3) & governmental organizations. See Schedule I for grants approved.

    Expenses $3,429,848 · Grants $3,276,626 · Revenue $40,213

As filed on the 2024 return.

Listed in Part VII

  • Yvonne B Mumme

    Chief Finance and Administrative Officer

    Total calculated
    $66,277
    From this org
    $56,783
    From related orgs
    $0
    Other
    $9,494
    Hours/week
    15.3

    Schedule J breakdown matched by us

    Base
    $56,783
    Bonus
    $0
    Other
    $0
    Deferred
    $3,975
    Nontaxable benefits
    $5,520
    Filer's total
    $66,278

  • Samuel M DiCapua

    Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Edward L Dilworth III

    Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Al Noyes

    Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Anne B Pringle

    Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amanda V Rand

    Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rebekah A Bucci

    Chair

    Total calculated
    $0
    Hours/week
    3.5

  • David J Bucci

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Colleen Bucci Liddy

    Trustee

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I
See Form 990 Part VII, Line 5: Yvonne Mumme, Chief Finance and Administrative Officer for the Organization, receives compensation from Davis Educational Foundation, an unrelated organization, for services rendered to the filing organization. Yvonne's unrelated organization compensation was as follows: Salary - $56,783 and Benefits $5,520. These amounts are included in the amounts listed on Part II. A retirement contribution of $3,975 was paid by the Organization.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
29 October 2025
IRS schema version
2024v5.0
Source object
202513029349302761

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.