Arthur V Davis Foundation Pf 3
- Assets
- $174.8m
- Revenue
- $10.8m
- Investments
- $168.9m
- Employees
- 0
- Location
- Ponte Vedra Beach, FL
- Founding
- 10/1965
- Data as of
- 12/2022
- EIN
- 59-6159693
Organization Overview
Arthur V Davis Foundation Pf 3 is located in Ponte Vedra Beach, FL. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arthur V Davis Foundation Pf 3 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 12/2022, Arthur V Davis Foundation Pf 3 generated $10.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $10.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Arthur V Davis Foundation Pf 3 has awarded 650 individual grants totaling $66,062,580. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Serena Davis Hall Chair | 5 | $0 | |
Haley Davis Madole Trustee | 1 | $0 | |
Tamara Davis Trustee | 1 | $0 | |
Jonathan Davis Trustee | 1 | $0 | |
William Kee Trustee | 1 | $0 | |
Dr Michael Murray President | 20 | $341,626 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Legg Mason Inc | 12/30/14 | $59,567 |
Suntrust Banks Inc | 12/30/14 | $434,394 |
Legg Mason Inc | 12/30/14 | $59,567 |
Suntrust Banks Inc | 12/30/14 | $434,394 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,596,957 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,712,194 |
| Capital Gain Net Income | $7,712,194 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $522,234 |
| Total Revenue | $10,831,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,073,154 |
| Other employee salaries and wages | $81,094 |
| Pension plans, employee benefits | $230,367 |
| Interest | $0 |
| Taxes | $255,205 |
| Depreciation | $0 |
| Occupancy | $61,887 |
| Travel, conferences, and meetings | $139,833 |
| Printing and publications | $4,923 |
| Other expenses | $184,327 |
| Total operating and administrative expenses | $2,148,090 |
| Contributions, gifts, grants paid | $8,669,484 |
| Total expenses and disbursements | $10,817,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,500 |
| Savings and temporary cash investments | $5,241,808 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,060 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,305,930 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $272,395 |
| Total assets | $174,765,219 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,353,545 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $61,850 |
| Total liabilities | $3,415,395 |
Grants Awarded
Over the last fiscal year, Arthur V Davis Foundation Pf 3 has awarded $11,858,202 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
ALBION COLLEGE PURPOSE: GENERAL OPERATING | $265,000 |
ASSOCIATED COLLEGES OF ILLINOIS PURPOSE: GENERAL OPERATING | $25,000 |
BELMONT UNIVERSITY PURPOSE: GENERAL OPERATING | $200,000 |
CORRIGAN ELECTRIC PURPOSE: GENERAL OPERATING | $422,500 |
COUNCIL OF INDEPENDENT COLLEGES PURPOSE: GENERAL OPERATING | $200,000 |
LOYOLA UNIVERSITY PURPOSE: GENERAL OPERATING | $150,000 |