Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
THE GLADYS AND FRANKLIN CLARK FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)809 RICHMOND ROAD   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILLIAMSBURG, VA23185
A Employer identification number

54-1640751
B Telephone number (see instructions)

(757) 229-3063
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,598,543J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 116,145 116,145  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 363,197
b Gross sales price for all assets on line 6a 1,248,500
7 Capital gain net income (from Part IV, line 2)... 363,197
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 17,938 17,938  
12 Total. Add lines 1 through 11........ 497,280 497,280  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 54,000 40,500   13,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,900 6,675   2,225
c Other professional fees (attach schedule).... Click to see attachment 63,452 63,452   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 6,779 3,866   13
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 8,123 7,004   1,035
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 141,254 121,497   16,773
25 Contributions, gifts, grants paid........ 360,000 360,000
26 Total expenses and disbursements. Add lines 24 and 25 501,254 121,497   376,773
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,974
b Net investment income (if negative, enter -0-) 375,783
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 97,614 71,599 71,599
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 499    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 4,258,634 Click to see attachment4,273,737 5,184,872
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,247,634 Click to see attachment1,260,736 1,342,072
14 Land, buildings, and equipment: basis bullet8,257
Less: accumulated depreciation (attach schedule) bullet8,257      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,604,381 5,606,072 6,598,543
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 5,604,381 5,606,072
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 5,604,381 5,606,072
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,604,381 5,606,072
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 5,604,381
2 Enter amount from Part I, line 27a..................... 2 -3,974
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 6,632
4 Add lines 1, 2, and 3.......................... 4 5,607,039
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 967
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,606,072
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,160,195   885,303 274,892
b 88,305     88,305
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       274,892
b       88,305
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 363,197
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 394,393 6,387,659 0.061743
2011 446,468 6,627,266 0.067368
2010 425,656 6,628,077 0.064220
2009 514,807 6,089,841 0.084535
2008 358,400 7,352,253 0.048747
2 Total of line 1, column (d) ...................... 2 0.326613
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.065323
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 6,553,987
5 Multiply line 4 by line 3....................... 5 428,126
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,758
7 Add lines 5 and 6......................... 7 431,884
8 Enter qualifying distributions from Part XII, line 4.............. 8 376,773
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 7,516
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 7,516
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,516
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 2,200
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 7,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,700
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 11
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,173
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet2,173 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletGILBERT BARTLETT PRESIDENT Telephone no.bullet (757) 229-1910
    Located atbullet809 RICHMOND ROADWILLIAMSBURGVA ZIP+4bullet23185
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    GILBERT A BARTLETT PRESIDENT/DIRECTOR
    3.75     		0 0 0
    809 RICHMOND ROAD
    WILLIAMSBURG,VA23185
    JOSEPH W MONTGOMERY TREASURER/DIRECTOR
    3.75     		0 0 0
    809 RICHMOND ROAD
    WILLIAMSBURG,VA23185
    L ALVIN GARRISON SECERTARY/DIRECTOR
    3.75     		0 0 0
    809 RICHMOND ROAD
    WILLIAMSBURG,VA23185
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE GLADYS AND FRANKLIN CLARK FOUNDATION MAKES GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONS AND DOES NOT CARRY ON CHARITABLE ACTIVITIES DIRECTLY 0
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    327,699
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    7,516
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,516
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    320,183
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    320,183
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    320,183
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 320,183
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 627
    b From 2009....... 211,389
    c From 2010....... 99,324
    d From 2011....... 118,981
    e From 2012....... 79,332
    fTotal of lines 3a through e......... 509,653
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 376,773
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 320,183
    e Remaining amount distributed out of corpus 56,590
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 566,243
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		627
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		565,616
    10 Analysis of line 9:
    a Excess from 2009.... 211,389
    b Excess from 2010.... 99,324
    c Excess from 2011.... 118,981
    d Excess from 2012.... 79,332
    e Excess from 2013.... 56,590
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    COLONIAL WILLIAMSBURG FOUNDATION
    PO BOX 1776
    WILLIAMSBURG,VA23187     		NONE PUBLIC ENCOURAGES AUDIENCES TO LEARN FROM THE PAST THROUGH PRESENTATION OF 18TH-CENTURY WILLIAMSBURG 100,000
    JAMESTOWN YORKTOWN FOUNDATION INC
    PO BOX 1607
    WILLIAMSBURG,VA23187     		NONE PUBLIC OPERATES JAMESTOWN SETTLEMENT & YORKTOWN VICTORY CENTER DEPICTING EARLY U.S. HISTORY & DEVELOPMENT 200,000
    RITA WELCH LEARNING CENTER
    PO BOX 8795
    WILLIAMSBURG,VA23187     		NONE PUBLIC TEACHES ADULTS LITERACY SKILLS FOR SELF-SUFFICIENCY, BETTER HEALTH, AND PARTICIPATION IN SOCIETY 60,000
    Total .................................bullet 3a 360,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 116,145  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 17,938  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    14 363,197  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 497,280 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13497,280
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 8,900 6,675   2,225

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EATON VANCE EMERGING MKT LOCAL INCOME FUND 155,977 129,290
    RS INVT TR EMERGING MKT FUND 246,671 256,480
    PIMCO PAC INVT MGMT SER EMERGING MKTS BOND FUND 141,294 131,566
    TEMPLETON DEVELOPING MKTS TR 303,823 295,169
    A O SMITH 2,042 3,075
    AARONS INC 2,676 4,381
    ACADIA HEALTHCARE INC 1,339 1,373
    ACADIA PHARMACEUTICALS INC 1,689 2,349
    ACTUANT CORP 1,829 2,895
    ACUITY BRANDS, INC 2,455 3,389
    AEGERION PHARMACEUTICALS INC 1,779 1,774
    ALASKA AIR GROUP INC 1,888 2,421
    ALIGN TECH INC 1,735 3,371
    ALNYLAM PHARMACEUTICALS INC 634 643
    AMCOL INTL CORP 4,237 4,180
    AMERICAN AXLE & MFG HOLDINGS INC 1,460 2,454
    AMERICAN EQUITY INVESTMENT LIFE HOLDING 3,233 6,226
    ANN INC 2,250 2,559
    APPLIED MICRO CIRCUITS CORP 834 1,832
    APPROACH RESOURCES INC 1,836 1,505
    ARRIS GROUP INC 2,468 3,554
    ARUBA NETWORKS INC 1,790 1,880
    ASPEN TECHNOLOGY INC 2,693 4,096
    ASTORIA FINACIAL CORP 1,641 3,347
    ATHENAHEALTH INC 1,855 3,228
    AUXILIUM PHARMACEUTICALS INC 1,377 1,596
    B&G FOODS INC 2,603 2,950
    BEACON ROOFING SUPPLY 2,350 2,820
    BELDEN INC 1,920 2,114
    BERRY PLASTICS GROUP INC 1,505 1,879
    BLUEBIRD BIO INC 630 608
    BRISTOW GROUP INC 7,120 11,634
    BROADSOFT INC 1,500 1,612
    BRUNSWICK CORP 1,641 3,270
    BUFFALO WILD WINGS INC 914 1,472
    CABOT MICROELECTRONICS 5,652 6,124
    CAI INTERNATIONAN INC 3,036 3,088
    CANTEL MEDICAL CORP 2,306 6,239
    CASH AMERICA INTERNATIONAL INC. 3,721 3,830
    CELLDEX THERAPEUTICS INC 1,972 1,913
    CENTENE CORP 2,864 3,891
    CEPHEID INC 2,026 2,754
    CHARLES RIVER LABORATORIES 2,472 2,970
    CHART INDUSTRIES INC 1,539 2,008
    CHECKPOINT SYSTEMS 3,336 3,075
    CHEMTURA CORP 2,169 2,848
    CHILDRENS PLACE RETAIL STORES 1,667 1,880
    COGENT COMMUNICATIONS 2,202 3,799
    COGNEX CORP 1,114 1,871
    COHERENT INC 3,937 5,207
    COMMVAULT SYSTEMS INC 1,882 2,695
    CONTROL4 CORP 813 690
    CORE LABORATORIES INC 2,633 12,603
    CORNERSTONE ONDEMAND INC 1,413 3,465
    COSTAR GROUP INC 1,144 3,322
    COVANCE INC. 2,827 5,988
    CUBIST PHARMACEUTICALS 2,302 3,512
    CUMULUS MEDIA 2,932 3,417
    CYPRESS SEMICONDUCTOR CORP 2,113 2,006
    CYTEC IND INC 1,877 2,608
    DEALERTRACK TECHNOLOGIES 2,293 3,750
    DEMANDWARE INC 1,887 2,821
    DIGITAL RIVER INC. 3,438 2,734
    DOMINOS PIZZA INC 1,608 3,413
    DSW INC 2,173 2,692
    DUPONT FABROS TECHNOLOGY INC 2,278 2,273
    EAGLE MATERIALS INC 2,531 2,942
    EATON VANCE CORP 2,938 4,835
    ENDOLOGIX INC 2,767 3,313
    ENERSYS INC 3,045 9,672
    ENTEGRIS INC 4,170 5,598
    ESTERLINE TECHNOLOGIES 1,115 1,631
    EXONE CO 1,835 2,963
    E2OPEN INC 1,493 1,817
    FEI COMPANY 1,920 2,323
    FIESTA RESTAURANT GROUP 1,856 1,985
    FIFTH & PACIFIC CO INC 1,621 3,880
    FINANCIAL ENGINES INC 2,728 3,821
    FINISAR CORP 1,526 2,129
    FIRST POTOMAC REALTY 4,899 4,233
    FIVE BELOW INC 1,915 2,289
    FLEETMATICS GROUP PLC 2,390 2,725
    FLIR SYSTEMS INC. 3,040 5,629
    FRANKLIN ELECTRIC INC 3,952 8,080
    GATX CORP 6,675 6,886
    GLOBAL PAYMENTS, INC. 2,769 6,369
    GRAND CANYON EDUCATION INC 2,945 3,488
    HAIN CELESTIAL GROUP INC 1,524 3,359
    HEALTHSOUTH CORP 2,196 2,965
    HEALTHWAYS, INC. 3,972 2,978
    HEXCEL CORP 7,326 14,480
    HMS HLDGS CORP 1,668 1,453
    HORACE MANN EDUCATORS 2,962 3,312
    HORNBECK OFFSHORE SERVICES INC 1,571 1,477
    HUB GROUP INC 2,628 3,151
    ICON PLC 1,583 1,576
    INSULET CORP 1,581 3,450
    INTERNATIONAL SPEEDWAY CORP 4,033 5,247
    INTERSIL CORP 1,477 1,801
    INTERXION HOLDING NV 1,526 1,724
    ISIS PHARMACEUTICALS 627 637
    ITRON INC. 4,076 3,853
    JONES LANG LASALLE INC 2,759 3,174
    KODIAK OIL & GAS CORP 1,894 1,659
    LEAPFROG ENTERPRISES INC 926 842
    LIFE TIME FITNESS INC 5,099 8,272
    LIONS GATE ENTERTAINMENT CORP 1,149 2,406
    LITTELFUSE INC 3,595 6,133
    LOUISIANA PACIFIC CORP 2,394 2,517
    LUMBER LIQUIDATORS HOLDINGS INC 1,735 2,058
    MAXIMUS INC 2,318 2,815
    MEDICAL PROPERTIES TRUST 3,317 4,839
    MEDNAX INC 3,749 7,153
    MERITAGE HOMES CORP 3,475 6,095
    MGIC INVESTMENT CORP 2,842 3,005
    MICROSEMI CORP 2,551 3,194
    MIDDLEBY CORP 1,372 2,158
    MILLENNIAL MEDIA INC 803 596
    MOLINA HEALTHCARE INC 2,266 2,467
    MONLITHIC POWER SYSTEMS INC 4,229 4,714
    MOOG INC 2,777 6,115
    NEWPARK RESOURCES INC 2,554 4,928
    NEXSTAR BROADCASTING GROUP 2,101 3,344
    NORTHERN OIL AND GAS INC 2,985 3,059
    ON ASSIGNMENT INC 2,456 4,086
    ONEOK INC 881 3,855
    OPENTABLE INC 1,972 2,302
    OREXIGEN THERAPEUTICS INC 1,253 1,070
    OSI SYS INC 2,403 2,018
    PIER 1 IMPORTS INC 2,000 2,516
    POLYONE CORP 1,376 3,005
    PORTFOLIO RECOVERY ASSOCIATE 1,851 1,849
    PORTOLA PHARMACEUTICALS INC 1,270 1,545
    PRIMORIS SERVICES CORP 2,092 3,113
    PROOFPOINT INC 763 862
    PROTECTIVE LIFE CORP 1,115 8,258
    PUMA BIOTECHNOLOGY INC 900 932
    QUESTCOR PHARMACEUTICALS 996 1,742
    RAYMOND JAMES FINANCIAL 3,860 7,254
    RBC BEARINGS CORP 1,526 2,406
    REINSURANCE GROUP OF AMERICA 2,121 5,728
    ROSETTA RESOURCES INC 1,931 2,066
    RUCKUS WIRELSS INC 1,927 1,789
    SANMINA CORP 2,582 2,505
    SAPIENT CORP 4,356 5,139
    SBA COMMUNICATIONS CORP 1,617 6,199
    SCOTTS MIRACLE GRO 3,172 4,480
    SEMTECH CORP 2,744 2,225
    SIX FLAGS ENTERTAINMENT CORP 2,030 3,351
    SNAP-ON INC. 3,376 8,762
    SOTHEBY'S 1,384 1,915
    SOUTH JERSEY IND INC 3,851 5,036
    SOVRAN SELF STORAGE INC 2,520 2,151
    SPS COMMERCE INC 1,835 1,763
    STATE AUTO FINANCIAL CORP 2,765 1,997
    STIFEL FINANCIAL CORP 4,323 5,271
    SWIFT ENERGY CO 6,084 3,362
    SWIFT TRANSPORTATION CO 3,378 3,753
    SYNAGEVA BIOPHARMA CORP 1,532 1,942
    SYNCHRONOSS TECHNOLOGIES INC 2,460 2,641
    SYNOVUS FINANCIAL CORP 3,577 3,834
    TAL INTERNATIONAL GROUP 2,861 3,900
    TAYLOR MORRISON HOME CORP 2,450 2,290
    TEAM HEALTH HOLDINGS INC 2,554 3,735
    TEARLAB CORP 931 672
    TELEDYNE TECHNOLOGIES 2,651 5,787
    TENNECO INC 1,959 2,093
    TEXTURA CORP 2,054 1,557
    THORATEC CORPORATION 1,840 1,903
    TIMKEN COMPANY 3,223 5,782
    TRULIA INC 1,961 2,257
    TRUSTMARK CORP 3,808 4,885
    ULTIMATE SOFTWARE GROUP INC 1,081 2,298
    UNITED BANKSHARES INC. 3,512 4,120
    UNITED FIRE GROUP INC 3,221 4,127
    UNITED NATURAL FOODS INC 1,893 3,166
    URS CORP 3,834 3,656
    VALSPAR CORP 3,158 8,412
    VISTAPRINT NV 2,317 2,729
    WATTS WATER TECHNOLOGIES 3,275 3,774
    WEX INC 1,758 3,565
    WGL HOLDINGS INC. 4,036 4,967
    WISDOMTREE INVESTMENTS INC 2,177 3,436
    WOLVERINE WORLD WIDE INC 1,136 1,766
    WRIGHT MEDICAL GROUP INC 2,260 3,501
    BLAIR WILLIAM FUNDS 193,506 271,679
    COHEN & STEERS REALTY SHARES INC. 76,607 134,968
    DODGE & COX INTL STK FUND 233,135 311,717
    EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND 144,406 136,780
    JANUS INVT FD MID CAP VALUE FD 166,106 186,105
    JP MORGAN CORE BOND FUND 477,672 487,352
    PRINCIPAL INVST FUNDS HIGH YIELD FD 133,438 137,429
    PIMCO PAC INVT MGMT TOTAL RETURN 615,273 626,470
    T ROWE PRICE MID CAP GROWTH FUND 145,861 206,500
    ABBOTT LABORATORIES 6,671 9,468
    ABBVIE INC 5,967 9,717
    ACE LIMITED 5,889 6,315
    AIR PRODUCTS & CHEMICALS INC 5,481 6,483
    ALTRIA GROUP INC. 5,955 12,745
    AMERICAN EXPRESS COMPANY 3,793 6,623
    APPLE INC. 5,328 21,319
    ASML HOLDING NV 2,934 3,092
    AUTOMATIC DATA PROCESSING 3,216 6,222
    BLACKROCK INC 6,791 9,811
    CANADIAN PACIFIC RAILWAY LTD 4,929 6,053
    CATERPILLAR INC. 5,788 6,720
    CHEVRON CORPORATION 13,106 23,608
    COCA-COLA COMPANY 19,766 28,421
    COMCAST CORP 5,344 6,600
    CONOCOPHILLIPS 7,559 15,048
    DIAGEO PLC 5,661 6,489
    DISNEY WALT CO 3,214 6,723
    EOG RESOURCES INC. 2,800 3,189
    EXXON MOBIL CORP 19,581 33,092
    FRANKLIN RESOURCES INC. 6,769 9,756
    FREEPORT MCMORAN COPPER 5,583 6,793
    GENERAL ELECTRIC COMPANY 11,103 9,782
    HSBC HOLDINGS PLC 12,020 9,262
    INTEL CORP 6,206 6,826
    INTERNATIONAL BUSINESS MACHINE CORP 16,024 19,695
    INTUITIVE SURGICAL INC. 4,903 6,529
    JOHNSON & JOHNSON 9,886 16,578
    JP MORGAN CHASE & CO 10,217 15,965
    KRAFT FOODS INC 1,414 2,210
    LAUDER ESTEE COS INC. 2,187 9,340
    MCDONALDS CORP 11,329 17,077
    MERCK & CO, INC. 4,040 6,206
    MONDELEZ INTERNATIONAL INC 2,438 4,165
    NESTLE S A REG 8,133 17,367
    NEWS CORP INC. 1,083 1,586
    NOVARTIS AG 5,686 6,270
    NOVO NORDISK 3,540 9,608
    OCCIDENTAL PETE CORP 13,312 15,501
    ORACLE CORP 5,057 6,734
    PEPSICO INCORPORATED 6,579 10,616
    PHILIP MORRIS INTERNATIONAL INC. 16,033 31,367
    PILLIPS 66 971 3,394
    PRAXAIR INC. 5,365 9,622
    PROCTOR & GAMBLE CO. 11,240 16,445
    QUALCOMM INC. 5,058 7,796
    ROCHE HOLDINGS LTD 6,027 9,477
    ROYAL DUTCH SHELL PLC 12,840 16,535
    SABMILLER PLC ADR 2,517 3,128
    STATE STREET CORP 3,041 3,156
    TARGET CORP 9,339 12,464
    TEXAS INSTRUMENTS 6,853 9,485
    TIME WARNER CABLE 1,510 3,117
    TOTAL SA SPONS 11,362 12,744
    TWENTY-FIRST CENTURY FOX 2,802 6,506
    UNITED TECHNOLOGIES CORP 8,727 12,746
    WAL-MART STORES INC. 7,266 10,466
    WALGREEN COMPANY 3,752 6,031
    WELLS FARGO COMPANY 6,175 6,401
    XILINX INC 1,841 2,572
    ACE LIMITED 6,662 7,247
    ACTIVISION BLIZZARD INC 5,673 5,955
    AGILENT TECH 1,172 4,404
    AIR PRODUCTS & CHEMICALS INC 13,944 17,661
    ALLEGHANY CORP 9,624 10,399
    AMERICAN EXPRESS COMPANY 19,807 40,738
    AMERIPRISE FINANCIAL 2,293 7,133
    BANK NEW YORK MELLON CORP 28,851 40,041
    BED BATH & BEYOND INC. 15,512 25,776
    BERKSHIRE HATHAWAY INC. 17,668 30,351
    BROOKFIELD ASSET MANAGEMENT 9,341 9,708
    CANADIAN NATURAL RESOURCES LTD 18,756 19,966
    CARMAX INC 6,493 6,395
    COCA-COLA COMPANY 5,596 8,138
    COSTCO WHSL COPR 13,606 34,040
    CVS CAREMARK CORP 17,888 41,153
    DIAGEO PLC 6,438 14,434
    DISNEY WALT CO 6,270 9,779
    ECOLAB INC 8,572 9,384
    EOG RESOURCES INC. 8,293 24,840
    EXPRESS SCRIPTS INC. 10,853 14,750
    GOOGLE INC. 23,606 40,346
    HARLEY DAVIDSON INC. 3,385 6,232
    HEWLETT-PACKARD COMPANY 3,268 2,574
    IRON MTN INC PA 5,914 7,679
    JPMORGAN CHASE & CO 5,490 6,784
    LABORATORY CORP OF AMERICA HOLDINGS 17,149 16,172
    LOEWS CORPORATION 8,050 15,630
    MICROSOFT CORP 5,594 7,145
    MONSANTO CO 5,941 7,343
    OCCIDENTAL PETE CORP 4,978 10,461
    ORACLE CORP 4,897 6,160
    PACCAR INC 7,670 9,053
    PHILIP MORRIS 2,613 8,103
    PROGRESSIVE CORP 12,760 16,771
    TEXAS INSTRUMENTS INC 8,862 16,598
    UNITEDHEALTH GROUP INC 18,102 19,653
    VISA INC 6,951 9,130
    WELLS FARGO COMPANY 13,877 39,498

    TY 2013 InvestmentsOtherSchedule2
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GRAHAM ALTERNATIVE INVESTMENT FUND AT COST 201,505 200,624
    ABBEY CAPITAL MULTI-MANAGER FUND LTD AT COST 173,866 174,437
    ASGI CORBIN MULTI STRATEGY INITIAL FUND AT COST 8,581 8,581
    ASGI AGILITY INCOME FUND AT COST 300,000 334,556
    ASGI CORBIN MULTI STRATEGY FUND AT COST 423,500 457,730
    ASGI AURORA OPPORTUNIES FUND AT COST 153,284 166,144

    TY 2013 OtherDecreasesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Description Amount
    UNREALIZED GAIN ON ASGI MULTI-STRATEGY 403
    UNREALIZED LOSS ON GRAHAM ALTERNATIVE INVESTMENT FUND 486
    UNREALIZED LOSS ON ABBEY CAPITAL MULTI MANAGER FUND 78


    TY 2013 OtherExpensesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEMBERSHIPS 725 363   362
    INSURANCE 1,250 625   625
    REGISTERED AGENT SERVICES 95 47   48
    MULTI-STRATEGY K-1 1,830 1,746   0
    ABBEY CAPITAL K-1 4,221 4,221   0
    GRAHAM ALTERNATIVE INVESTMENT FUND II 2 2   0


    TY 2013 OtherIncomeSchedule2
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ASGI MULTI-STRATEGY 829 829 829
    ABBEY CAPITAL MULTI-MANAGER FUND LTD 3 3 3
    GRAHAM ALTERNATIVE INVESTMENT FUND II 17,106 17,106 17,106


    TY 2013 OtherIncreasesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Description Amount
    BROKER ADJUSTMENT TO COST 6,632


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MENTOR INVESTMENT ADVISORY FEES 63,452 63,452   0


    TY 2013 TaxesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES AND LICENSES 25 12   13
    FOREIGN TAXES PAID 3,854 3,854   0
    2013 EXCISE TAX 2,900 0   0