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Each year the Foundation conducts an independent audit of its Financial Position and produces audited Financial Statements. With Assets at the end of FY 2016 of $59.4 million, this audit performs a critical function for the Foundation and the community it serves. Clark Nuber, are the independent auditors for the Foundation and bring a depth of experience in the particular accounting requirements of Community Foundations. You may review the most recent Audited Financial Statements here and the 4th Quarter Investment Performance here.

Our Tax Return

The Foundations' current year tax return, the "990", is available upon request.

Davis Educational Fund

In December of 2011, the Estate of Molly Monroe Davis concluded a three-year process, begun upon her death in November of 2008, of distributing a portion of her estate to the Yakima Valley Community Foundation.

At the conclusion of that process, December 31, 2011, the value of her gift was $20,298,460. For the period 2008 through 2017 this incredible gift to the community has funded $5,310,650 in scholarships for Yakima Valley Students and $604,817 in grants to Yakima Rotary Trust in their role as Scholarship Administrator. Over time the value of the Davis Scholarship Fund has increased by 30.8% with a fund balance of $26,544,225. The legal document that provided this incredible gift to the community is here.

In that document, Ms. Davis gave the Yakima Valley Community Foundation the discretion to partner with any organization to accomplish her purpose and suggested Yakima Rotary Trust as the Scholarship Administrator. The YRT is a volunteer organization; it began the work to administer the award of scholarships in 2006, two years before Ms. Davis death. Volunteers spent hundreds of hours planning the program and once the program began, reading applications. Rotarians worked with area high schools to encourage applications. YRT sub-contracted with Scholarship America, a Minneapolis company to provide third party administrative services to the program.

As part of its responsibilities the Yakima Valley Community Foundation is required to conduct an annual audit of the Scholarship Program and make it public. The independent accounting firm, Clark Nuber performed Agreed Upon Procedures Reviews of the Program. Those Financial Reviews are here. If you are interested in applying for a scholarship, find out more information about the Mary Monroe Davis Scholarship program here.


111 University Parkway, Suite 102
Yakima, WA 98901


Phone: 509-457-7616
Fax: 509-457-7625
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