Home - http://www.davlinfunds.org/

The Davlin Philanthropic Fund is a socially conscious business with the mission of harvesting the power of mutual funds to create “sustainable giving”.  We believe that by creating a mutual fund where investors get all the returns and their favorite charities get a significant portion of the advisory fees, we have created a tool that can offer the average person the opportunity to make a significant difference. 

With the Davlin Philanthropic Fund, you don’t need to be rich to a philanthropist.  Davlin Fund investors can make a 30, 40, or 50 year commitment to their favorite charities without sacrificing their savings or retirement nest egg.  So stop paying advisory fees to just the owners of the fund adviser and start paying them to your favorite charities.

Investors Receive:

•

The performance and structure of a diversified, S.E.C. registered, no-load mutual fund.

•

To retain ownership of their assets.

•

All the returns on the assets, less the normal fees.

Charities Receive:

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A significant of the annual fees that normally get paid to the mutual fund management company.

The World Receives:

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One more philanthropist.

Definition:

•

Philanthropy - The love of humanity.

About - http://www.davlinfunds.org/about.html

Dear Investors,

Since the Davlin Philanthropic Fund is a unique investment creation, I thought it would be appropriate to address you personally, and explain how the Fund came into being.

My name is Bill Davlin, and this fund is the result of a need I’ve felt for some time.  Everyone in the financial sector believes in making money.  I do, too. Yet, I also believe we should make a difference in this world. Charitable giving often now seems an afterthought that takes place at the end of one’s life.  I think it should be one of our first thoughts: one that guides us throughout our lives.

Some years ago, I felt a nagging feeling that I wasn’t achieving everything that I wanted out of my life. It became clear that while I was successful in my personal and business life, I was underachieving in my commitment to society.  Like most Americans, I believe we all have a responsibility to make a lifelong commitment to the improvement of the world through volunteering and/or financial donations. Yet, with the time constraints of modern life, long hours at work and parenting; volunteering for extended periods of time didn’t seem possible. I came away from that self-assessment resolved to make more consistent and meaningful financial commitments to my favorite charities.  But where were the tools and financial vehicles needed to accomplish this?

Over time, I came to realize that while the capital markets continue to offer new investment vehicles on virtually a daily basis, the philanthropic world hadn’t fundamentally changed the structure of giving since the United Way started payroll deductions more than 50 years ago.  I decided to build a new financial vehicle that would create opportunities for philanthropy while generating competitive capital returns for investors.  The Davlin Philanthropic Fund is our first success in creating a product that meets an investor’s need to save for retirement, while at the same time fulfilling a commitment to make our world

a better place.

The Davlin Philanthropic Fund is the first SEC-registered, open-ended, no load mutual fund managed by a non-profiting investment advisor.  This allows Davlin Fund investors to receive all the normal returns from a mutual fund, while designating a significant portion of the advisory fees as donations to their favorite charities.  So, if your life is as hectic as mine and your commitment to your favorite charities is suffering because of it, we hope that the Davlin Fund can help. As the fund grows in size, my hope is that it can become a major force in charitable giving, paving the way for us to create additional funds with the same philanthropic goal.

What started as a personal desire to improve my own charitable giving has become a bold experiment in social and financial change. Please join us in making a lifelong commitment to improving our world through the financial support of human services, conservation and the cultural arts charities of your choice.

Sincerely yours,

William E. B. Davlin

Mission:

The mission of the Davlin Philanthropic Funds is to create successful mutual funds that empower individuals to become philanthropists by seeking to provide both superior performance and the option for "sustainable giving”.

About the Davlin Philanthropic Fund:

The Davlin Philanthropic Fund is a socially conscious business with the mission of harvesting the power of mutual funds to create “sustainable giving”.  We believe that by creating a mutual fund where the investors get all the returns and their favorite charities get most of the advisory fees, we have created a tool that can offer the average person the opportunity to make a significant difference.  With the Davlin Philanthropic Fund, you don’t need to be rich to be a philanthropist.  The Davlin Philanthropic Fund allows investors to make a 30, 40, or 50 year commitment to their favorite charities without sacrificing their savings or retirement nest egg.  So stop paying advisory fees just to the owners of the fund adviser and start paying them to your favorite charities.

The Fees work as follows:

•

The investment adviser (Davlin Fund Advisors) will be paid annually a fee of 1.00 percent of the Fund’s net assets to provide investment advice to the Fund and pay all of the Fund’s ordinary operating expenses.  

•

Davlin Fund Advisors is committed to the philanthropic goals of the Davlin Fund and has agreed to waive all fees that would represent a profit to the Adviser so that they can be donated to charity.

•

The Davlin Fund will donate an amount equal to 0.50 percent of the Fund's net assets, plus 100 percent of the Adviser’s waived fees, to a 501(c)3 non-profit foundation, (the Davlin Foundation). On an annual basis, the Davlin Foundation will distribute the Fund’s donations to various charities with guidance from the Fund’s individual investors.   

It is the Davlin Fund Advisors expectation that, as the Fund grows and the Adviser benefits from the economies of scale, the amount of the donations to charity will increase from 0.50 percent to, and perhaps exceeding, 1.00 percent of net Fund assets a year.  To put this in perspective, the average American donates an estimated 1.6% of taxable income a year.  With the Davlin Philanthropic Fund, we hope to provide investors with the tools needed to give away up to an additional 1.00% of assets.  Since assets are a much larger base than income, we hope to fundamentally change the amount that Americans give to charity.

Launched in July of 2008, the Davlin Philanthropic Fund is a diversified, SEC registered, open-end mutual fund investing primarily in US-based companies. The Fund seeks long term capital appreciation and emphasizes a value style of investing without regard to company size.  The Fund will be managed by Davlin Fund Advisors, a Registered Investment Adviser.  The Portfolio Manager, William E. B. Davlin, is responsible for supervising the Fund’s daily investment activities. Mr. Davlin has nineteen years experience in the financial world.  Mr. Davlin’s previous job was the chief financial officer of Burst Media Corporation.  Prior to that, Mr. Davlin was a research associate at the Royce Funds.  Mr. Davlin started his career as an analyst at the Equitable Financial Companies.  Mr. Davlin earned his MBA from Fordham University with Beta Gamma Sigma honors and BS in Mechanical Engineering from Lafayette College.

Notable Quotes:

“A life is not important except in the impact it has on other lives” - Jackie Robinson

“Philanthropy is almost the only virtue which is sufficiently appreciated by mankind.” -Henry David Thoreau

“No one would remember the Good Samaritan if he’d only had good intentions. He had money as well.”

- Margaret Thatcher

“For we must consider that we shall be as a city upon a hill. The eyes of all people are upon us.”

- John Winthrop

“I expect to pass through this world but once. Any good therefore that I can do, or any kindness that I can show to any fellow creature, let me do it now. Let me not defer or neglect it, for I shall not pass this way again.” - Stephen Grellen

“No act of kindness, no matter how small, is ever wasted.” - Aesop

 "Use philanthropy to make the transition from success to significance" - Unknown

Performance - http://www.davlinfunds.org/performance.html

The Davlin Philanthropic Fund Performance

Cusip Number: 23918P107

Ticker Symbol: N/A

Data as of (Date)

Price

Change

%Change

Daily Performance

Davlin Philanthropic Fund

Russell 2000*

S&P 500 Index*

Year to Date Performance

Davlin Philanthropic Fund

Russell 2000*

S&P 500 Index*

History to Date Performance

Davlin Philanthropic Fund

Russell 2000*

S&P 500 Index*

Fund effective date June 11, 2008

* Return does not include reinvestment of dividends.

Past performance is not indicative of future performance. Investors should consider the investment objectives, risks, and charges and expenses of investing in the Fund carefully before investing. The Fund's Prospectus contains this and other information about the Fund. Prospectuses are available by clicking on the link above or by contacting us toll-free at 1-877-DAVLIN-8 or 1-877-328-5468. The Prospectus should be read carefully before investing

News & Commentary - http://www.davlinfunds.org/newscommentary.html

Press Releases:

   - April 19, 2010- 2010 Donations to Eighteen U.S. Charities

    http://davlinfunds.org/April2010_PressRelease.pdf

   - June 22, 2009 - Announces First Year Performance

      http://davlinfunds.org/June2009_PressRelease.pdf

   - May 18, 2009 - Announces First Annual Charitable Awards

      http://davlinfunds.org/May2009_PressRelease.pdf

Newsletters:

   - March 2010 Newsletter

      http://hosted.verticalresponse.com/535051/168d84a892/1502501675/8d9a7daf36/

  - November 2009 Newsletter

      http://hosted.verticalresponse.com/535051/2ef675a74b/1502501675/8d9a7daf36/

In The News:

    - December 25, 2009 - Picking philanthropy: Bill Davlin

       http://www.davlinfunds.org/BBJArticleDec2009.pdf

    - December 8, 2009 - Funding Good Causes

       http://online.wsj.com/article/SB10001424052748704779704574553632895449734.html

Additional Information:

    - January 2010- Background

       http://www.davlinfunds.org/BackgroundJan2010.pdf

    - Davlin Foundation Form 990

       http:/www./davlinfunds.org/2009Form990.pdf

View our Archives here

Archives - http://www.davlinfunds.org/newsarchives.html

Press Releases:

    - July 21, 2008 - Launch Release

      http://davlinfunds.org/Launch_Press_Release_June_2008_Final.pdf

In The News:

    - September 1, 2008 - Investment News

       http://www.investmentnews.com/apps/pbcs.dll/article?AID=2008309019995

    - July 23, 2008 - The Chronicle of Philanthropy

       http://philanthropy.com/news/prospecting/index.php?id=5256

    - July 23, 2008 - Boston Business Journal

       http://www.bizjournals.com/boston/stories/2008/07/21/daily27.html?surround=lfn

    - July 22, 2008 - Patriot Ledger (also appeared in the Waltham News-Tribune and Metro-West Daily News)

       http://www.patriotledger.com/business/x2109422198/New-mutual-fund-has-charitable-approach

How to Invest & Forms - http://www.davlinfunds.org/invest.html

Steps to Open an Account:

1. Please print and read the entire Prospectus and Application.

To download and view the Prospectus and Application, you must have previously installed a version of Adobe Acrobat Reader. Click below if you wish to download the most current version of Acrobat Reader.  This is a free download.

Link to Adobe Acrobat Reader

2. Mail completed application with check payable to Davlin Philanthropic Fund to:

Davlin Philanthropic Fund

C/O Mutual Shareholder Services

8000 Town Centre Drive - Suite 400

Broadview Heights, OH 44147

Please note that the minimum required investments are:

Regular Account Minimum: $2,500 Initial, $100 Subsequent

IRAs Minimums:                    $1,500 Initial, $100 Subsequent

Required Forms:

Prospectus

March 2010 Annual Report

General Application

IRA Application

IRA Transfer/Rollover

Change of Charitable Designation Form

IRA Disclosure Statement/Custodian Account Agreement

Approved Charities List

Application for the Approved Charities List

Statement of Additional Information

Archives

Past performance is not indicative of future performance. Investors should consider the investment objectives, risks, and charges and expenses of investing in the Fund carefully before investing.  The Fund's Prospectus contains this and other information about the Fund.  Prospectuses are available by clicking on the link above or by contacting us toll-free at 1-877-DAVLIN-8 or 1-877-328-5468.  The Prospectus should be read carefully before investing.

Archives - http://www.davlinfunds.org/archives.html

Annual Reports:

March 2009 Annual Report

Semi-Annual Reports:

September 2009 Semi-Annual Report

September 2008 Semi-Annual Report

Approved Charities List - http://www.davlinfunds.org/approvedcharitieslist.html

Charity ID		Name		URL
0	At the Board's Discretion
100	CULTURE - EDUCATION - FORMAL - AFTER SCHOOL PROGRAMS, CONTINUING EDUCATION, ETC.		Specific charities to be chosen by the Trustees
101	CULTURE - EDUCATION - INFORMAL - MUSEUMS, ZOOS, LIBRARIES, HISTORIC PRESERVATION, ETC.		Specific charities to be chosen by the Trustees
102	CULTURE - ARTS - PERFORMING - MUSIC, DANCE, THEATRE, ETC.		Specific charities to be chosen by the Trustees
103	CULTURE - ARTS - VISUAL - PAINTING, SCULPTURE, CERAMICS, ETC.		Specific charities to be chosen by the Trustees
104	HUMAN SERVICES - FOOD & CLOTHING		Specific charities to be chosen by the Trustees
105	HUMAN SERVICES - SHELTER		Specific charities to be chosen by the Trustees
106	HUMAN SERVICES - HEALTH		Specific charities to be chosen by the Trustees
107	HUMAN SERVICES - DISABILITIES - MENTAL & PHYSICAL WELL-BEING		Specific charities to be chosen by the Trustees
108	HUMAN SERVICES - EMPLOYMENT		Specific charities to be chosen by the Trustees
109	ENVIRONMENT - CONSERVATION - HABITS, ANIMALS, ETC.		Specific charities to be chosen by the Trustees
110	ENVIRONMENT - CONSERVATION - QUALITY - CLIMATE, AIR WATER, TOXICS, ETC.		Specific charities to be chosen by the Trustees
111	Aaron Diamond AIDS Research Center		www.adarc.org
112	Academy for Educational Development		www.aed.org
113	ACCION International		www.accion.org
114	Action Against Hunger		www.actionagainsthunger.org
430	Action in Community Through Service		www.actspwc.org
115	Actors' Fund of America		www.actorsfund.org
116	Adventist Development and Relief Agency International		www.adra.org
117	African Wildlife Foundation		www.awf.org
118	ALS Association		www.als.org
119	Alzheimer's Association		www.alz.org
120	America Cares		www.americacares.org
121	American Academy of Arts & Sciences		www.amacad.org
483	American Architectural Foundation		www.archfoundation.org/
122	American Association for the Advancement of Science		www.aaas.org
414	American Association of Museums		www.aam-us.org
471	American Bird Conservancy		www.abcbirds.org/
123	American Diabetes Association		www.diabetes.org
124	American Farm School		www.americanfarmschool.org
472	American Forests		www.americanforests.org
125	American Heart Association		www.americanheart.org
423	American Hospice Foundation		www.americanhospice.org
126	American Kidney Fund		www.kidneyfund.org
127	American Lung Association		www.lungusa.org
128	American Museum of Natural History		www.amnh.org
129	American Philosophical Society		www.amphilsoc.org
130	American Red Cross		www.redcross.org/
131	American Society for the Prevention of Cruelty to Animals		www.aspca.org
132	American-Nicaraguan Foundation		www.aidnicaragua.org
133	America's Promise Alliance		www.americaspromise.org
416	Angel Flight East		www.angelflighteast.org
490	Angel Flight Mid-Atlantic		www.angelflightmidatlantic.org/
135	Angel Flight New England		www.angelflightne.org
444	Aplastic Anemia and MDS International Foundation		www.aamds.org
463	APVA Preservation Virginia		www.apva.org
443	Arlington Free Clinic		www.arlingtonfreeclinic.org
136	Army Emergency Relief		www.aerhq.org
137	Art Institute of Chicago		www.artic.edu
138	Arthritis Foundation		www.arthritis.org
139	Arts & Business Council of Greater Boston		www.artsandbusinesscouncil.org
413	Arts & Business Council of New York		www.artsandbusiness-ny.org/
438	Asthma and Allergy Foundation of America		www.aafa.org
492	Becker College		www.becker.edu
140	BELL Foundation		www.bellnational.org
496	Belmont Hill School		www.belmonthill.org
485	Best Buddies		www.bestbuddiesma.org
141	Big Brother Big Sisters of America		www.bbbs.org
142	Big Brother Big Sisters of Mass Bay		www.bbbsmb.org
143	Birthday Wishes		www.birthdaywishes.org
144	Books For Africa		www.booksforafrica.org
145	Boston Athenaeum		www.bostonathenaeum.org
146	Boston Center for Arts		www.bcaonline.org
147	Boston Children's Museum		www.bostonchildrensmuseum.org
148	Boston Early Music Festival		www.bemf.org
259	Boston Harbor Island Alliance		www.islandalliance.org
497	Boston University		www.bu.edu
495	Bostonian Society (The)		www.bostonhistory.org
149	Bottom Line		www.bottomline.org
150	Boy Scouts of America		www.scouting.org
151	Boys and Girls Club of America		www.bgca.org
152	Boys and Girls Clubs of Boston		www.bgcb.org
153	Brain Injury Association USA		www.biausa.org
451	Brainfood		www.brain-food.org
154	Brandywine Conservancy		www.brandywineconservancy.org
155	Breast Cancer Research Foundation		www.bcrfcure.org
156	Brooklyn Botanic Garden		www.bbg.org
157	Brother's Brother Foundation		www.brothersbrother.org
158	Cantata Singers		www.cantatasingers.org
159	Cape & Islands Gay & Straight Youth Alliance		www.cigsya.org
470	Capitol Hill Arts Workshop		www.chaw.org
160	CARE		www.care.org
429	Carpenter's Shelter		www.carpentersshelter.org
161	Carter Center		www.cartercenter.org
162	Catalogue for Philanthropy		www.catalogueforphilanthropy.org
163	Catholic Healthcare West		www.chwhealth.org
164	Catholic Medical Mission Board		www.cmmb.org
165	Catskill Center		www.catskillcenter.org
166	Catskill Mountain Foundation		www.catskillmountain.org
167	Cedars-Sinai Medical Center		www.csmc.edu
452	Center for Adoption Support and Education		www.adoptionsupport.org
168	Central Park Conservancy		www.centralparknyc.org
445	Central Virginia Foodbank		www.cvfb.org
169	Charles River Watershed Association		www.crwa.org
170	Chicago Botanic Garden		www.chicagobotanic.org
171	Children International		www.children.org
172	Children's Aid Society		www.childrensaidsociety.org
173	Children's Healthcare of Atlanta Foundation		www.choa.org
174	Children's Hospital - Aurora, CO		www.thechildrenshospital.org
175	Children's Hospital of Boston		www.childrenshospital.org
176	Children's Hospital of Los Angeles		www.childrenshospitalla.org
177	Children's Hospital of Philadelphia		www.chop.edu
178	Children's Hunger Fund		www.childrenshungerfund.org
179	Children's Memorial Hospital - Chicago		www.childrensmemorial.org
462	Children's Museum of Richmond		www.c-mor.org
180	Children's Network International		vwww.childrensnetworkinternational.org
181	Children's Scholarship Fund		www.scholarshipfund.org
182	Christian Children's Fund		www.christianchildrensfund.org
183	Christian Foundation for Children & Aging		www.cfcausa.org
184	Church World Service		www.churchworldservice.org
185	Cincinnati Children's Hospital Medical Center		www.cincinnatichildrens.org
186	City of Hope		www.cityofhope.org
187	City Year		www.cityyear.org
188	Citymeals-on-Wheels		www.citymeals.org
189	CITYSPROUTS		www.citysprouts.org
458	Civil War Preservation Trust		www.civilwar.org
191	CLARKE School for the Deaf/Center for Oral Education		www.clarkeschool.org
192	Cleveland Clinic Foundation		www.clevelandclinic.org
193	Cleveland Housing Network		www.chnnet.com
194	Coalition for Buzzards Bay		www.savebuzzardsbay.org
465	College Summit		www.collegesummit.org
464	Communities in Schools National Office		www.cisnet.org
195	Community FoodBank of New Jersey		www.njfoodbank.org
196	Community Music Center of Boston		www.cmcb.org
197	Compassion International		www.compassion.com
198	Concord Museum		www.concordmuseum.org
199	Conservation Fund		www.conservationfund.org
200	Conservation International		www.conservation.org
201	Convoy of Hope		www.convoyofhope.org
202	Covenant House		www.covenanthouse.org
203	CURE International		www.helpcurenow.org
446	CureSearch National Childhood Cancer Foundation		www.curesearch.org
204	Cystic Fibrosis Foundation		www.cff.org
425	D.C. Central Kitchen		www.dccentralkitchen.org
205	Dana-Farber Cancer Institute		www.dana-farber.org
469	Dance Place		www.danceplace.org
206	Dave Thomas Foundation for Adoption		www.davethomasfoundation.org
467	DC Youth Orchestra Program		www.dcyop.org
494	Deaf Welcome Foundation		www.deafwelcome.org
207	Denver Art Museum		www.denverartmuseum.org
208	Diabetes Research Institute Foundation		www.diabetesresearch.org
209	Direct Relief International		www.directrelief.org
210	Disabled American Veterans		www.dav.org
437	DKT International		www.dktinternational.org
211	Doctors Without Borders USA		www.doctorswithoutborders.org
433	Doorways for Women and Families		www.doorwaysVA.org
493	Dream House for Medically Fragile Children, Inc.		www.dreamhouseforkids.org
212	Dress for Success Worldwide		www.dressforsuccess.org
213	Ducks Unlimited		www.ducks.org
214	Earthwatch Institute		www.earthwatch.org
215	Easter Seals		www.easterseals.com
216	Elizabeth Stone House		www.elizabethstonehouse.org
481	Environmental Film Festival in the Nation's Capital		www.dcenvironmentalfilmfest.org/
374	Eric Carle Museum of Picture Book Art		www.picturebookart.org
217	Father Flanagan's Boys Town		www.boystown.org
218	Feed the Children		www.feedthechildren.org
134	Feeding America		http://feedingamerica.org/
219	FIRST		www.usfirst.org
220	First Book		www.firstbook.org
221	Fisher House Foundation, Inc.		www.fisherhouse.org
473	Fauna & Flora International		www.fauna-flora.org
222	Florida School Choice Fund dba Florida PRIDE		www.floridapride.org
434	Food & Friends		www.foodandfriends.org
223	Food Allergy & Anaphylaxis Network		www.foodallergy.org
224	Food Bank For New York City		www.foodbanknyc.org
225	Food For the Poor		www.foodforthepoor.org
226	Foundation for the National Institutes of Health		www.fnih.org
227	Free Library of Philadelphia		www.freelibrary.org
478	FreshFarm Markets		www.freshfarmmarkets.org
228	From the Top		www.fromthetop.org
431	Fuel Fund of Maryland		www.fuelfundmaryland.org
229	Gifts In kind International		www.giftsinkind.org
230	Girl Scouts of America		www.girlscouts.org
231	Girls Incorporated		www.girlsinc.org
232	Give Kids The World Trust, Inc		www.gktw.org
233	Gleaning For The World		www.gftw.org
234	Global Impact		www.charity.org
235	Goodwill		www.goodwill.org
236	Greater Baton Rouge Food Bank		www.brfoodbank.org
237	Greater Boston Youth Symphony		www.bysoweb.org
238	Greater Chicago Food Depository		www.chicagosfoodbank.org
239	Habitat for Humanity		www.habitatforhumanity.org
409	Hands Together for Haiti		www.handstogether.org
240	Harwich Junior Theatre		www.hjtcapecod.org
241	Heart to Heart International		www.hearttoheart.org
242	Heifer Project International		www.heifer.org
243	Help Hospitalized Veterans		www.hhv.org
244	Horizons for Homeless Children		www.horizonsforhomelesschildren.org
435	House of Ruth, Washington, D.C.		www.houseofruth.org
245	Houston Food Bank		www.houstonfoodbank.org
246	Huntington Library, Art Collections, and Botanical Gardens		www.huntington.org
247	Hyde Square Task Force		www.hydesquare.org
248	Indian Hill Music		www.indianhillmusic.org
249	Infante Sano		www.infantesano.org
250	Institute of International Education		www.iie.org
251	Interchurch Medical Assistance		www.imaworldheath.org
252	International Aid		www.internationalaid.org
253	International AIDS Vaccine Initiative		www.iavi.org
254	International Medical Corps		www.imcworldwide.org
255	International Medical Equipment Collaborative		www.imecamerica.org
256	International Relief Teams		www.irteams.org
257	International Rescue Committee		www.theirc.org
453	Iona Senior Services		www.iona.org
258	Isabella Stewart Gardner Museum		www.gardnermuseum.org
491	Ixtatan Foundation		www.ixtatan.org
432	Jewish Foundation for Group Homes		www.jfgh.org
260	JA Worldwide		www.ja.org
261	Jimmy Fund - Dana-Farber Cancer Institute		www.jimmyfund.org
459	John F. Kennedy Center for the Performing Arts		www.kennedy-center.org
263	Jose Mateo's Ballet Theater		www.ballettheatre.org
264	Jumpstart - Northeast		www.jstart.org
265	Junior Achievement Worldwide		www.ja.org
266	Juvenille Diabetes Research Foundation		www.jdrf.org
267	KCET/Community Television of Southern California		www.KCET.org
268	Key Program		www.key.org
269	Kids In Distressed Situations, Inc.		www.kidsdonations.org
270	Kidstokids		www.kidstokids.org
271	Kingsway Charities		www.kingbf.org
272	La Jolla Playhouse		www.lajollaplayhouse.org
474	Land Trust Alliance		www.landtrustalliance.org
273	Leukemia & Lymphoma Society		www.leukemia-lymphoma.org
274	Lighthouse for the Blind		www.lhb.org
275	Lincoln Center for Performing Arts		www.lincolncenter.org
276	Lloyd Center for the Environment		www.lloydcenter.org
277	Local Initiatives Support Corp.		www.lisc.org
278	Los Angeles Opera		www.losangelesopera.com
279	Lyric Opera of Chicago		www.lyricopera.org
280	Make-A-Wish Foundation		www.wish.org
281	MAP International		www.map.org
282	March of Dimes Birth Defects Foundation		www.marchofdimes.com
283	Marine Corps Scholarship Foundation		www.mcsf.com
284	Marine Toys for Tots Foundation		www.toysfortots.org
285	Maryland Food Bank		www.mdfoodbank.org
286	MASS MoCA		www.massmoca.org
287	Massachsetts Audubon Society		www.massaudubon.org
288	Massachusetts Society for Prevention for Cruelty to Children		www.MSPCC.org
289	MassRecycle		www.massrecycle.org
290	Matthew 25 Ministries		www.m25m.org
461	Maymont Foundation		www.maymont.org
291	Medical Missions For Children		www.mmfc.org
292	Medical Teams International		www.medicalteams.org
436	Melwood		www.melwood.org
293	Memial Sloan-Kettering Cancer Center		www.mskcc.org
294	Memphis Zoo		www.memphiszoo.org
295	Mercy Corps		www.mercycorps.org
296	Metropolitan Museum of Art		www.metmuseum.org
297	Metropolitan Opera Association		www.metoperafamily.org
298	Minnesota Orchestra		www.minnesotaorchestra.org
299	Minnesota Public Radio		http://minnesota.publicradio.org
300	Multi - Service Center		www.multiservicecenter.org
301	Muscluar Dystrophy Association		www.mda.org
302	Museum of Fine Arts, Boston		www.mfa.org
303	Museum of Fine Arts, Houston		www.mfah.org
304	Museum of Modern Art, New York		www.moma.org
305	National Academy of Sciences		www.nas.edu
420	National Alliance to End Homelessness		www.endhomelessness.org/
306	National Audubon Society		www.audubon.org
307	National Cancer Coalition		www.nationalcancercoalition.org
415	National Center for Family Literacy		www.famlit.org
427	National Council on Aging		www.ncoa.org
426	National Federation of the Blind		www.nfb.org
308	National Foundation for Cancer Research		www.nfcr.org
457	National Gallery of Art		www.nga.gov
309	National Marine Life Center		www.nmlc.org
310	National Military Family Association, Inc.		www.nmfa.org
311	National Multiple Sclerosis Society		www.nationalmssociety.org
312	National Multiple Sclerosis Society, Central New England Chapter		http://mam.nationalmssociety.org
442	National Prostate Cancer Coalition		www.zerocancer.org
313	National Public Radio		www.npr.org
475	National Recycling Coalition		www.nrc-recycle.org
314	National Sept. 11th Memorial & Museum		www.national911memorial.org
315	National Trust for Historical Preservation in the US		www.preservationnation.org
486	Tuberous Sclerosis Alliance		www.tsalliance.org
316	National Wildlife Federation		www.nwf.org
424	Nat'l Campaign to Prevent Teen and Unplanned Pregancy		www.thenationalcampaign.org/
317	Nature Conservancy		www.nature.org
318	Navy-Marine Corps Relief Society		www.nmcrs.org
319	Nelson-Atkins Museum of Art		www.nelson-atkins.org
320	Nemours Foundation		www.nemours.org
321	Nevada Cancer Institute		www.nevadacancerinstitute.org
322	New England Aquarium		www.neaq.org
323	New England Forestry Foundation		www.newenglandforestry.org
324	New England Wild Flower Society at Garden in the Woods		www.newfs.org
418	New Jersey Blind Citizens Association		www.njbca.org
325	New York Historical Society		www.nyhistory.org
326	New York Public Library		www.nypl.org
327	New York-Presbyterian Hospital		www.nyp.org
328	Newark Museum		www.newarkmuseum.org
329	Newseum		www.newseum.org
330	North Shore - LIJ Health System Foundation		www.northshorelij.com
412	Northern Illinios Food Bank		www.northernilfoodbank.org
331	Operation Blessing International		www.ob.org
332	Operation USA		www.opusa.org
466	Orphan Foundation of America		http://orphan.org/index.php
333	Oxfam America		www.oxfamamerica.org
334	Paralyzed Veterans of America		www.pva.org
441	Parkinson's Action Network		www.parkinsonsaction.org
335	Partners In Health		www.pih.org
336	PATH- Program for Appropriate Technology in Health		www.path.org
337	Pathfinder International		www.pathfind.org
338	Peabody Essex Museum		www.pem.org
410	Peace Games National Office		www.peacegames.org
339	PetSmart Charities		www.petsmartcharities.org
340	Pew Charitable Trust		www.pewtrusts.org
341	Philadelphia Museum of Art		www.philamuseum.org
477	Piedmont Environmental Council		www.pecva.org
422	Points of Light Foundation		www.pointsoflight.org
342	Political Asylum/Immigration Representation Project		www.pairproject.org
479	Potomac Conservancy		www.potomac.org
343	Preservation Massachusetts		www.preservationmass.org
344	Project Hope - People to People Health Foundation		www.projecthope.org
345	Public Broadcasting Service		www.pbs.org
375	Public Theatre/ Shakespeare Festival		www.publictheater.org
447	Pulmonary Hypertension Association		www.phassociation.org
346	Rady Children's Hospital - San Diego		www.chsd.org
476	Rails to Trails Conservancy		www.railstotrails.org
347	Raw Art Works		www.rawart.org
348	REACH Beyond Domestic Violence		www.reachma.org
349	Reach Out and Read		www.reachoutandread.org
450	Red Wiggler Community Farm		www.redwiggler.org
482	Richmond SPCA		www.richmondspca.org
460	Richmond Symphony		www.richmondsymphony.com
350	Robert W. Woodruff Arts Center		www.woodruffcenter.org
351	Robin Hood Foundation		www.robinhood.org
352	Roger Williams Zoo		www.rwzoo.org
353	Romanian Children's Relief		www.rcr.org
354	Rotary Foundation		www.rotary.org
448	Sacred Heart Center		www.shcrichmond.org
355	Salvation Army		www.salvationarmy.org
356	San Francisco Opera Association		www.sfopera.com
357	San Francisco Symphony		www.sfsymphony.org
358	Save the Bay (Narragansett Bay)		www.savebay.org
359	Save The Children		www.savethechildren.org
360	Save the Harbor/Save the Bay (Boston)		www.savetheharbor.org
361	Scholarship America		www.scholarshipamerica.org
362	Shriners Hospitals for Children		www.shrinershq.org
363	Smile Train		www.smiletrain.org
364	Smithsonian Institute		www.si.edu
421	SOME		www.some.org
365	SpeakEasy Stage Company		www.speakeasystage.com
366	Special Olympics		www.specialolympics.org
367	Special Operations Warrior Foundation		www.specialops.org
439	Spina Bifida Association		www.spinabifidaassociation.org
368	Spread the Bread		www.spreadthebread.org
369	St. Mary's Food Bank Alliance		www.firstfoodbank.org
370	Sudbury Valley Trustees		www.sudburyvalleytrustees.org
371	Susan G. Komen for the Cure		www.cms.komen.org
372	Teach For America Development Office		www.teachforamerica.org
373	Teen Empowerment		www.teenempowerment.org
456	Thomas Jefferson Foundation		www.monticello.org
376	Toxics Action Center		https://www.oursecureserver.org/toxicsaction/index.htm
377	Trust for Public Land		www.tpl.org
378	Trustees of Reservations		www.thetrustees.org
379	Unicef		www.unicefusa.org
380	Union Rescue Mission		www.urm.org
381	United Cerebral Palsy		www.ucp.org
382	United Nations Foundation		www.unfoundation.org
383	United Negro College Fund		www.uncf.org
384	United Service Organization		www.uso.org
385	United States Golf Association		www.usga.org
386	United Way of America		www.supportunitedway.org
498	University of Pittsburgh		www.pitt.edu
387	University of Pittsburgh Medical Center		www.upmc.com
388	University of Texas/ Anderson Cancer Center		www.mdanderson.org
389	USS Constitution Museum		www.ussconstitutionmuseum.org
390	Van Andel Institute		www.vai.org
391	Veteran Homestead		www.veteranhomestead.org
417	VHL Family Alliance		www.VHL.org
455	Virginia Historical Society		www.vahistorical.org/
484	Virginia Military Institute		www.vmi.edu
392	Volunteers of America		www.voa.org
411	VSA Arts		www.vsarts.org
480	Washington Parks and People		www.washingtonparks.net
393	WBUR FM		www.wbur.org
440	Wellness Community		www.wellnesscommunitydc.org/
488	WERS		www.wers.org
394	WETA/Greater Washington Educational Telecom. Assoc.		www.weta.org
395	WGBH Educational Foundation		www.wgbh.org
396	Whale Center of New England		www.whalecenter.org
397	Wildlife Conservation Society		www.wcs.org
449	William Byrd Community House		www.wbch.org
398	William J. Clinton Foundation		www.clintonfoundation.org
399	WNET/ Educational Broadscasting Corporation		www.thirteen.org
419	WNRN		www.wnrn.org
468	Woolly Mammoth Theatre Company		www.woollymammoth.net
454	Work, Achievement, Values, & Education		www.waveinc.org
400	World Emergency Relief		www.wer-us.org
401	World Vision		www.worldvision.org
402	World Wildlife Fund		www.worldwildlife.org
489	WRNI		www.wrni.org
487	WUMB		www.wumb.org
403	Year Up		www.yearup.org
404	YMCA		www.ymca.net
405	YouthBuild USA		www.youthbuild.org
406	YWCA of the USA		www.ywca.org
428	Zero to Three		www.zerotothree.org
407	Zoological Society of San Diego		www.sandiegozoo.org
408	Zumix		www.zumix.org

The TEAM - http://www.davlinfunds.org/Team.html

William E. B. Davlin, Founder

Bill was graduated with a BS in Mechanical Engineering from Lafayette College in 1988, and earned his MBA in Finance from Fordham University in 1994. Bill began his career in finance in a training program at the The Equitable Financial Companies and then moved on to become a financial analyst. When the opportunity came along to join the Royce Funds family of small cap value mutual funds in the fall of 1992, Bill took it. Starting as an analyst, Bill later managed a sub-portfolio for the firm. Bill was then recruited to join Burst Media, an internet startup, as CFO, where he helped lead the company to a successful IPO on the AIM in London in 2006. Bill then began working on his professional dream – a way to combine his love of stock picking with a strong interest in Philanthropy, leading to the launch of the Davlin Philanthropic Fund in June, 2008.

H. Fairfax Ayres, III

Fax was graduated with a BA in History from Northwestern University in 1988. After working in Alaska for six years, three of them as a bush pilot, he went on to earn his MBA from the Darden Graduate School of Business at the University of Virginia in 1996. Fax then joined the Royce Funds as an analyst, later managing a sub-portfolio for the firm. Presented with the opportunity to return to Charlottesville, VA, Fax took the CFO position at the Thomas Jefferson Foundation (Monticello). In addition to his work at the fund, he and his wife own and operate Splendora’s, an authentic Italian gelateria and espresso bar in Charlottesville.

For more information on the rest of our team, visit one of the links below:

Davlin Philanthropic Fund Board of Directors

Accounting and Administration

Davlin Philanthropic Fund Board of Directors - http://www.davlinfunds.org/DPFBoardofDirectors.html

William E. B. Davlin, President

Bill was graduated with a BS in Mechanical Engineering from Lafayette College in 1988, and earned his MBA in Finance from Fordham University in 1994. Bill began his career in finance in a training program at the The Equitable Financial Companies and then moved on to become a financial analyst. When the opportunity came along to join the Royce Funds family of small cap value mutual funds in the fall of 1992, Bill took it. Starting as an analyst, Bill later managed a sub-portfolio for the firm. Bill was then recruited to join Burst Media, an internet startup, as CFO, where he helped lead the company to a successful IPO on the AIM in London in 2006. Bill then began working on his professional dream – a way to combine his love of stock picking with a strong interest in Philanthropy, leading to the launch of the Davlin Philanthropic Fund in June, 2008.

James F. Dwinell, III

Mr. Dwinell is a Director at the Cambridge Trust Company, where his 47 year career began as a management trainee and culminated in his position as President and CEO. Mr. Dwinell’s philanthropic accomplishments rival his banking background – he has served  as a Trustee of the Mt. Auburn Hospital, the Mt. Auburn Foundation,  the Plimoth Plantation, the Belmont Hill School, Harvard Magazine, Cambridge Mental Health, the Cambridge Day Care Agency, the Concord Museum, Choate Rosemary Hall School, the Longy School of Music and more. He received his undergraduate degree from Harvard University and his graduate degree from the Stonier Graduate School of Banking.

G. Keith Funston, Jr.

Mr. Funston is the owner of the Funston Antiques Company and a Director of FNX Corp.  He has served as the COO of InSite/NuStone Surfacing, Inc and CFO and President of Advanced Energy Dynamics.  His charitable involvements include serving as Board Treasurer for the Earthwatch Institute and Governor for the North Bennet Street School and prior service as a Governor for the Concord Museum and Board Treasurer for CenterHouse (Bay Cove). Keith holds a B.A. in history from Trinity College and an MBA from Wharton.

George E. McCully

Mr. McCully is a Renaissance Historian and author of Philanthropy Reconsidered. He is the creator of the Massachusetts Catalogue for Philanthropy, and serves on the board of the Ellis L. Phillips Foundation. Mr. McCully has also served on the boards of the New England Wildflower Society, Crossroads Community Foundation, and the Center for Plant Conservation. He holds an M.A. and Ph.D. from Columbia University.

For more information on the rest of our team, visit one of the links below.

William E. B. Davlin, Founder

H. Fairfax Ayres, III

Accounting and Administration

Accounting & Administration - http://www.davlinfunds.org/AccountingAdmin.html

Accounting and Administration

Fund Accountant and Transfer Agent

Mutual Shareholder Services, LLC

8000 Town Center Drive, Suite 400

Broadview Heights, OH 44147

Legal Counsel

Thompson Hine LLP

312 Walnut Street, 14th Floor

Cincinnati, OH 45202-4089

Custodian

Huntington National Bank

7 Easton Oval EA4E72

Columbus, OH 43219

Accountants

Cohen Fund Audit Services, Ltd.

800 Westpoint Pkwy, Ste. 1100

Westlake, OH 44145

For more information on the rest of our team, visit one of the links below:

William E. B. Davlin, Founder

H. Fairfax Ayres, III

Davlin Philanthropic Fund Board of Directors

Contact - http://www.davlinfunds.org/contact.html

For Shareholders Services please contact:

Davlin Philanthropic Fund

C/O Mutual Shareholder Services

8000 Town Centre Drive - Suite 400

Broadview Heights, OH 44147

1-877-Davlin-8

1-877-328-5468

For Davlin Fund Advisors please contact:

Davlin Fund Advisors

44 River Road, Suite A

Wayland, MA 01778-1829

508-276-1705

BDavlin@DavlinFunds.org

FAQ’s - http://www.davlinfunds.org/faqs.html

1. You mean I can now donate to my favorite charity the money I would normally pay to the Investment Adviser?

Yes.  The Davlin Philanthropic Fund charges 1.50 percent plus any additional fees that take place when we buy other funds, like a money market fund. For FY2010, our total expense ratio was 1.56 percent. With the Davlin Philanthropic Fund, you can now pay a large portion of that fee to your favorite charity instead of your Investment Adviser. We commit up front to donating 0.50 percent of our fee to charity, plus any additional amount of the remainder that would represent a profit to the Investment Adviser. As we grow the fund and achieve the economies of scale, our goal is to donate 1.00 percent of our 1.50 percent fee to charity.

2. What motivated Mr. Davlin to launch the Davlin Philanthropic Fund?

“One of my previous bosses at the Royce Funds, Tom Ebright, advised me once to take the things I love doing most in life and make them part of my job.  Tom firmly believed that this strategy would make you happy and successful as a person, father and friend.  With years of hindsight, I agree.  For me, the things that I love doing most in life are picking stocks and supporting children’s charities.  The Davlin Philanthropic Fund allows me to do both.” – Bill Davlin

3. Do I get the tax benefit for making donations?

Yes. Investors get the full tax benefit of the donations without deducting them on their tax returns.  Your donations are treated like the management fees, so the mutual fund returns are reported only AFTER the reduction of the donations and expenses.  As such, you will not pay income or capital gains taxes on your donations.  Since no taxes are paid on the donations, no further consideration is needed, or tax deduction permitted, by the shareholders. However, each investor should consult their tax specialist as to the tax impact of investing in this or any other mutual fund.

4. How many charities can I pick and can I change the charities in the future?

You can pick up to three charities from the Approved List and change your charities on an annual basis.  To change your designated charities download a Charity Change Form and e-mail it to Charities@DavlinFoundation.org

5. Can I change the percent that each charity gets from my donations?

At present, we are only structured to split your donations equally.  So if you pick two charities, each will receive 50 percent of your donations.  If you pick three charities, each will split one third of your donations.

6. What if my favorite charities are not on the Approved List?

We look toward our investors to suggest new charities.  Please read the FAQ's at the Davlin Foundation site to learn more about suggesting charities. Click Here

7. What charities are on the Approved List?

Please follow this link to the Approved List? Click Here

8. What is the criteria for a charity to get on the Approved List?

The Board of the Davlin Foundation establishes the criteria for approving charities. Please read the FAQ's at the Davlin Foundation site to learn more about the criteria. Click Here

9. What is the Davlin Foundation?

For regulatory and tax reasons, we were required to set up a 501(c)3 non-profit private foundation to control the donations to charities.  As a result, the Davlin Fund makes its donations to the Davlin Foundation and the Davlin Foundation then makes its donations to the charities.  The Foundation is run by an independent Board of Trustees. For more information, Click Here.

10. How are dividends, interest & capital gains distributed?

The Fund distributes net investment income and net gains annually, usually in December. You may either reinvest these distributions or have them mailed to you.

11. How often will statements be mailed?

Statements will be mailed quarterly, after each transaction or after any change in account registration. Tax information is mailed around Jan. 31 of the following year.

12. Where can I find the Fund’s Net Asset Value (NAV)?

Until the Fund reaches 1,000 shareholders or $25 million in assets, the daily NAV will not appear in the newspapers. You may obtain the NAV by calling 877-DAVLIN-8 or 877-328-5468 toll free after 4PM EST or by visiting this website.  Click Here

13. Can investors residing in foreign countries invest in the  Fund?

Yes, if they have a valid Social Security or taxpayer ID number of if they complete a W8 form available from Shareholder Services.

14. How much should I invest in the Fund?

That depends on your financial situation. Most financial advisers recommend that no more than 10-20% of your portfolio be invested in any one fund.

15. What is the minimum investment allowed?

The minimum investment for a regular account is $2,500.00. For an IRA, the minimum investment is $1,500.

16. Are there any front-end or back-end loaded fees?

This Fund is a no-load with no redemption fees, except for a 1.0% fee on redemption of shares within 90 days.

17. With whom may I speak if I have additional questions?

Please contact Shareholder Services at 877-Davlin-8 or 877-328-5468 toll free.