Davis Educational Foundation

Organization Overview

Davis Educational Foundation is located in Yarmouth, ME. The organization was established in 1985. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Davis Educational Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Davis Educational Foundation generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Davis Educational Foundation has awarded 297 individual grants totaling $29,886,963. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AWARDS GRANTS

Describe the Organization's Program Activity:

GRANTS MADE TO COLLEGES AND UNIVERSITIES IN NEW ENGLAND FROM ORGANIZATION ASSETS, INCLUDING DIRECT INVESTMENT RELATED COSTS. SEE SCHEDULE I FOR GRANTS APPROVED.


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Board, Officers & Key Employees

Name (title)Compensation
Leanne Greeley Bond
Director Of Grants & Programs
$127,057
Yvonne B Mumme
Chief Finance & Admin. Officer
$126,610
Edward Mackay
Chairman
$40,000
Richard W Cost
Trustee
$25,000
Richard Freeland
Trustee
$25,000
Judith B Wittenberg
Trustee
$25,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wellington Management Company
Investment Management
$164,570
Sanderson Asset Management Inc
Investment Management
$123,113
Prime Buhholz & Associates
Investment Consulting
$101,116
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,000
Total Program Service Revenue$0
Investment income $729,447
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,152,259
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,135,716

Grants Awarded

Over the last fiscal year, Davis Educational Foundation has awarded $4,167,298 in support to 31 organizations.

Grant RecipientAmount

ASSOCIATION OF AMERICAN COLLEGES & UNIVERSITIES

Org PageRecipient Profile

Washington, DC

PURPOSE: Open Educational Resources as the Means to Enhance Integrative Learning

$372,757

BENNINGTON COLLEGE CORPORATION

Org PageRecipient Profile

Bennington, VT

PURPOSE: Restructuring Academic Leadership to Strengthen the Student Experience

$300,000

MASSACHUSETTS INSTITUTE OF TECHNOLOGY

Org PageRecipient Profile

Cambridge, MA

PURPOSE: Climate, Environment, and Sustainability Infusion Fellowship (CESIF): Strengthening Teaching and Learning Through Interdisciplinary Partnerships at MIT

$300,000

LASELL UNIVERSITY

Org PageRecipient Profile

Newton, MA

PURPOSE: Career Readiness Through Connected Learning

$282,345

VERMONT STATE COLLEGES SYSTEM

PURPOSE: Creating a Strong Foundation for Academic Programs Optimization

$281,000

NORTHEASTERN UNIVERSITY

Org PageRecipient Profile

Boston, MA

PURPOSE: Improving Student Support Through Experimentation with Student Engagement

$249,998
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Davis Educational Foundation has recieved totaling $1,000.

Awarding OrganizationAmount
Ninigret Foundation Inc

Salt Lake City, UT

PURPOSE: LEARNING THROUGH MUSIC, FILM & ART

$1,000
View Grant Recipient Profile

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