Leonard & Sophie Davis Fund

The Leonard & Sophie Davis Fund is a private foundation making grants to left-of-center organizations associated with health, education, and Jewish philanthropy. 1 Alan Davis, the fund’s president, is an advisory board member of Patriotic Millionaires, an organization of rich individuals advocating for left-wing economic policies. 2 Leonard Davis, the Fund’s namesake, founded the Colonial Penn Life Insurance Company, and cofounded AARP, both of which were involved in non-profit mail scandals in the late 1970s. 3

At-A-Glance

Issue Areas: Multi-Issue Advocacy
Formation:

2001

President:

Alan Davis

President’s Compensation:

Gross Salary: $15,000 4

Location: San Francisco, CA View on map
Tax ID: 94-3402266
Most Recent Filing: 2024
Budget (2024): Assets: $200,671,805 Revenue: $30,682,133 Expenses: $26,026,595

Contents

    The fund donated over $11 million dollars in 2016, with substantial annual contributions to notable left-wing advocacy groups like Demos, Tides Foundation, and Proteus Fund. 5

    Background

    Leonard Davis was the founder of the Colonial Penn Group of insurance companies and the co-founder acting president of AARP. Colonial Penn became an incredibly profitable company by being the sole group health insurance policy seller through AARP. 6 The US Postal Service headed a 2 ½ year investigation into these groups in the late 1970s, determining that AARP (and related group National Retired Teachers Association (NRTA)) acted as a marketing agent for Colonial Penn. 3 As principal stockholder, Davis was receiving $2.9 million in annual dividends from Colonial Penn. 7

    Davis was a long-time supporter of the Democratic Party, contributing $100,000 to the unsuccessful 1974 New York gubernatorial campaign of U.S. Rep. Ogden Reid (D-NY). 8

    In 2020, the Leonard & Sophie Fund, in collaboration with the WhyNot Initiative, launched the Crisis Charitable Commitment (CCC) to call on nonprofits and charitable foundations in doating 10% of their total earnings that year in response to the Covid-19 pandemic. 9 It was around the time that Davis released on op-ed to Fortune news media site in July 2020 criticizing, “those who control private foundations, sit on donor-advised funds, and rank in the top 0.1% of households,” 9 as “hoarders” and urged them to donate to the CCC in order for the philanthropic community to “step up.” 9

    Board of Directors

    Alan Davis is the son of Leonard and Sophie Davis and president and CEO of the Leonard and Sophie Davis Fund. He is an advisory board member of The Patriotic Millionaires and the director of its WhyNot Initiative. 2

    Mary Lou Dauray is the vice president and CFO of the Leonard and Sophie Davis fund, and wife of Alan Davis. She is a political fine artist whose work focuses on environmental issues, with strong anti-coal and anti-nuclear energy sentiments. 10

    Grantmaking

    The Leonard and Sophie Davis Fund funds a number of major left-of-center advocacy organizations. In the foundation’s 2016 tax year, it made a total of $11.9 million in grants to all recipients. 11

    In the organization’s 2015 tax year, notable grant recipients included the liberal judicial policy group American Constitution Society, the far-left think tank Demos, anti-Electoral College advocacy group FairVote, the state-level organizing group Maine People’s Resource Center, the pass-through funding entity New Venture Fund, the Piper Fund, the Proteus Fund, and the Tides Foundation. 12

    Donation Recipients

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $200,671,805 $30,682,133 $26,026,595 View
    2023 $194,971,782 $17,289,445 $21,589,334 View
    2022 $183,885,714 $20,338,373 $22,693,511 View
    2021 $227,558,478 $35,284,803 $19,642,514 View
    2020 $189,672,960 $941,537 $87,725 View

    Prior year filings: 2019, 2015, 2014, 2013, 2012, 2011

    Expenses Detail

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $135,411,271
    • Number of Grants: 971
    • Number of Recipients: 415

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $4,605,0002024 Tides FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $3,560,0002023 Tides FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $3,000,0002022 AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INCSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $3,000,0002021 Amalgamated Charitable Foundation IncSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $2,800,0002022 California Community FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $2,550,0002022 San Francisco FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $2,500,0002024 University of Southern California, Leonard Davis School of GerontologySUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $2,500,0002020 Jewish Communal FundSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $2,050,0002021 San Francisco FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,614,0002020 Tides Foundation – FRIDASUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,550,0002024 San Francisco FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,550,0002020 Working America Education FundSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,500,0002023 Florida Gulf Coast UniversitySUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,500,0002020 THE ST FRANCIS HOSPITAL FOUNDATION INCSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,495,0002021 TIDES FOUNDATIONSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,300,0002020 San Francisco FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,240,0002024 Pa Alliance FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,125,0002024 The Raymond F Kravis Center for the Performing ArtsSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,120,0002024 State Democracy ProjectSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,100,0002024 Accelerate Change, Inc.SUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,100,0002024 Focus for Democracy FundSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,100,0002023 California Community FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,100,0002023 San Francisco FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,100,0002020 California Community FoundationSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS
    $1,075,0002020 Institute for Policy StudiesSUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS

    Mentioned in this Article

    References

    1. “Leonard and Sophie Davis.” The Hebrew University of Jerusalem. September 2019. Accessed September 5, 2019. https://en.davis.huji.ac.il/book/leonard-and-sophie-davis-0
    2. “Who We Are.” Patriotic Millionaires. 2010. Accessed September 5, 2019. https://patrioticmillionaires.org/who-we-are/
    3. Mintz, Morton. “2 Groups for Elderly May Lose Nonprofit Postal Status.” The Washington Post. January 3, 1979. Accessed September 5, 2019. https://www.washingtonpost.com/archive/politics/1979/01/03/2-groups-for-elderly-may-lose-nonprofit-postal-status/67c4968d-a978-4e4a-95f2-54a86f521020/
    4. Leonard & Sophie Davis Fund, Return of Private Foundation (Form 990-PF), 2017, Part VIII Line 1
    5. Leonard & Sophie Davis Fund, Return of Private Foundation (Form 990-PF), 2017, Part VX Line 3a
    6. “Colonial Penn: What Next?” The New York Times. July 22, 1981. Accessed September 5, 2019. https://www.nytimes.com/1981/07/22/business/market-place-colonial-penn-what-next.html
    7. Mintz, Morton. “Two Nonprofit Organizations Accused as a ‘Cover.’” The Washington Post. May 3, 1978. Accessed September 5, 2019.  https://www.washingtonpost.com/archive/politics/1978/05/03/two-nonprofit-organizations-accused-as-a-cover/155d9f05-e3a8-40d1-9d11-69284c7c79b6/
    8. Wayne, Leslie. “Leonard Davis Dies at 76; Philanthropist and Insurer.” The New York Times. The New York Times, January 20, 2001. https://www.nytimes.com/2001/01/20/business/leonard-davis-dies-at-76-philanthropist-and-insurer.html.
    9. Davis, Alan. “Commentary: America’s Billionaires Have a Hoarding Problem.” Fortune. Fortune, July 14, 2020. https://fortune.com/2020/07/14/billionaires-philanthropy-coronavirus-crisis/.
    10. “Bio.” Mary Lou Dauray. 2019. Accessed September 5, 2019. https://www.maryloudauray.com/bio/
    11. Leonard and Sophie Davis Fund, Return of a Private Foundation (Form 990-PF), 2016, Part XV Line 3
    12. Leonard and Sophie Davis Fund, Return of a Private Foundation (Form 990-PF), 2015, Part XV Line 3