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The Davis Educational Foundation, established as a public charitable foundation in 1985, supports the undergraduate programs of public and private, regionally accredited, baccalaureate degree granting colleges and universities throughout the six New England states. Elisabeth K. Davis and Stanton W. Davis co-founded the foundation after Mr. Davis's retirement as chairman of Shaw’s Supermarkets, Inc. The foundation is an expression of the couple’s shared support and value for higher education and has provided more than $130 million in grants to more than 175 institutions.

Mr. Davis contributed tremendous vision to his business and the industry during periods of remarkable growth and transformation. Through automation and technological changes, he remained true to his core value of listening to the customer. This core value continues in the foundation’s highly individualized approach to grant making.