Form990-PF
Click to see attachment

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
CLIFTON FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)400 AUSTIN AVENUE NO 1003   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WACO, TX76701
A Employer identification number

74-2832766
B Telephone number (see instructions)

(254) 741-6400
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$2,976,209J 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) 308,424
2 Check bullet
3 Interest on savings and temporary cash investments 286 286  
4 Dividends and interest from securities...... 59,089 59,089  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 117,462
b Gross sales price for all assets on line 6a 1,539,957
7 Capital gain net income (from Part IV, line 2)... 117,462
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 433 433  
12 Total. Add lines 1 through 11........ 485,694 177,270  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 1,360 460   900
c Other professional fees (attach schedule).... Click to see attachment 47,530 45,530   2,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 2,673 673   0
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 949 572   377
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 52,512 47,235   3,277
25 Contributions, gifts, grants paid........ 134,080 134,080
26 Total expenses and disbursements. Add lines 24 and 25 186,592 47,235   137,357
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 299,102
b Net investment income (if negative, enter -0-) 130,035
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...............   -3 -3
2 Savings and temporary cash investments.......... 1,062,481 48,174 48,174
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) bullet111,667
Less: allowance for doubtful accounts bullet0 111,667 111,667 111,667
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 350,585 Click to see attachment0 0
b Investments—corporate stock (attach schedule)........ 667,804 Click to see attachment1,775,562 1,775,562
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)........... 363,637 Click to see attachment1,040,809 1,040,809
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,556,174 2,976,209 2,976,209
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 2,556,174 2,976,209
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,556,174 2,976,209
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,556,174 2,976,209
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 2,556,174
2 Enter amount from Part I, line 27a..................... 2 299,102
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 123,785
4 Add lines 1, 2, and 3.......................... 4 2,979,061
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 2,852
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,976,209
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 AMEXP P 2008-12-29 2013-01-11
b AMEXP P 2009-10-21 2013-01-11
c AMGNNOTE P 2011-11-16 2013-01-11
d BANOTE P 2009-01-22 2013-01-15
e BBTNOTE P 2009-04-29 2013-02-06
BBTNOTE P 2012-09-27 2013-02-06
BLACKRCK P 2009-12-09 2013-02-06
BLACKRCK P 2012-10-23 2013-02-06
CITINOTE P 2010-01-07 2013-01-11
CMENOTE P 2009-02-05 2013-02-06
CMENOTE P 2009-10-02 2013-02-06
CMENOTE P 2012-04-20 2013-02-06
CONSOLED2 P 2009-03-27 2013-02-06
CONSOLED2 P 2010-08-18 2013-02-06
COPNOTE P 2009-06-30 2013-01-11
COPNOTE P 2010-09-08 2013-01-11
CSFB2NOTE P 2011-11-16 2013-02-06
DELLNOTE2 P 2010-09-08 2013-01-11
DELLNOTE2 P 2011-11-15 2013-01-11
DIEGONOTE P 2012-06-21 2013-02-06
DIEGONOTE P 2012-08-22 2013-02-06
DUKENOTE P 2010-08-18 2013-01-11
DUNOTE P 2009-02-17 2013-01-11
ERICNOTE P 2012-05-11 2013-01-11
GECAP P 2009-01-05 2013-01-11
GECAP P 2009-09-24 2013-01-11
GSGROUP P 2008-12-04 2013-01-11
GSGROUP P 2009-09-25 2013-01-11
GSGROUP P 2012-09-18 2013-01-11
HPQNOTE P 2009-01-20 2013-01-11
HPQNOTE P 2009-09-30 2013-01-11
JPMNOTE P 2012-07-27 2013-01-11
JPMNOTE P 2012-08-10 2013-01-11
LOWESNT P 2008-12-09 2013-01-11
MDTNOTE4 P 2012-10-19 2013-02-06
MERNOTE P 2009-09-24 2013-01-11
MERNOTE P 2010-12-09 2013-01-11
METNOTE2 P 2010-08-04 2013-01-11
METNOTE2 P 2010-09-09 2013-01-11
MSNOTE3 P 2010-07-28 2013-02-06
MSNOTE3 P 2012-06-20 2013-02-06
ORCLNOTE P 2009-03-03 2013-01-11
ORCLNOTE P 2009-10-29 2013-01-11
PMNOTE P 2009-02-05 2013-02-06
PRUNOTE P 2009-02-06 2013-01-11
PRUNOTE P 2009-10-22 2013-01-11
SIMONLP4 P 2010-01-27 2013-01-11
TGTNOTE2 P 2010-07-13 2013-01-11
VERZNOTE P 2012-06-21 2013-02-06
WELLNOTE P 2011-06-20 2013-01-11
WUNOTE P 2009-03-17 2013-02-06
PFIUX P 2012-12-27 2013-05-10
PFIUX P 2012-12-27 2013-07-15
PFIUX P 2012-12-27 2013-10-15
PFIUX P 2012-12-27 2013-12-13
PFIUX P 2012-12-27 2013-12-13
ANCHOR P 2010-03-12 2013-01-11
AUBURN P 2010-05-04 2013-01-11
CALIFWTR P 2012-09-24 2013-02-06
CATERP2 P 2012-10-04 2013-02-06
DISTCOL2 P 2009-12-09 2013-01-11
FFC03-16 P 2006-03-23 2013-01-11
FHL02-17 P 2006-07-12 2013-01-11
GALVES P 2009-09-10 2013-01-11
GEELEC P 2011-01-05 2013-01-11
MTNVIEW P 2012-09-21 2013-02-06
NEWHAM P 2010-06-23 2013-01-11
NYDORM2 P 2012-09-13 2013-02-06
OREGON P 2008-06-19 2013-01-11
PALOALTO P 2012-07-18 2013-02-06
UNIVMD P 2012-01-20 2013-01-11
VIRGINIA P 2005-07-27 2013-01-11
IDU P 2013-01-08 2013-07-01
IDU P 2013-07-15 2013-07-22
IDU P 2013-08-26 2013-09-23
IDU P 2013-07-22 2013-10-14
IDU P 2013-09-02 2013-10-14
IDU P 2013-09-23 2013-10-14
IDU P 2013-01-08 2013-01-28
IDU P 2013-07-15 2013-09-16
IDU P 2013-08-26 2013-09-16
IYE P 2013-01-08 2013-07-15
IYE P 2013-01-08 2013-09-23
IYE P 2013-01-08 2013-07-22
IYE P 2013-01-08 2013-10-28
IYE P 2013-01-08 2013-01-28
IYH P 2013-07-22 2013-09-23
IYH P 2013-07-22 2013-10-28
IYJ P 2013-01-08 2013-07-15
IYJ P 2013-01-08 2013-07-22
IYJ P 2013-01-08 2013-09-23
IYJ P 2013-01-08 2013-10-28
IYJ P 2013-01-08 2013-01-28
IYW P 2013-01-28 2013-07-15
IYW P 2013-01-28 2013-07-22
IYW P 2013-01-28 2013-09-23
IYW P 2013-01-28 2013-10-28
XLB P 2013-01-08 2013-07-15
XLB P 2013-01-08 2013-07-22
XLB P 2013-01-08 2013-09-23
XLB P 2013-01-08 2013-10-28
XLB P 2013-01-08 2013-01-28
XLF P 2013-01-08 2013-07-15
XLF P 2013-01-08 2013-07-22
XLF P 2013-01-08 2013-09-23
XLF P 2013-01-08 2013-10-28
XLF P 2013-01-08 2013-01-28
XLP P 2013-01-08 2013-07-15
XLP P 2013-01-08 2013-07-22
XLP P 2013-01-08 2013-08-26
XLP P 2013-07-01 2013-08-26
XLP P 2013-01-08 2013-01-28
XLV P 2013-01-08 2013-07-01
XLV P 2013-01-08 2013-01-28
XLY P 2013-01-08 2013-07-15
XLY P 2013-01-08 2013-09-23
XLY P 2013-01-08 2013-10-28
XLY P 2013-01-08 2013-01-28
XLY P 2013-01-08 2013-07-22
CNP P 2013-01-03 2013-03-25
FET P 2013-01-17 2013-07-08
FET P 2013-02-05 2013-07-08
FET P 2013-01-17 2013-06-11
KMI P 2013-01-03 2013-02-15
BHPLF.PK P 2010-06-11 2013-01-11
BHPLF.PK P 2010-06-22 2013-01-11
BNKHF.PK P 2010-02-22 2013-01-04
MTNOF.PK P 2010-12-22 2013-01-25
MTNOF.PK P 2011-08-01 2013-01-25
NATDF P 2012-11-14 2013-02-13
NSRGF.PK P 2005-08-17 2013-01-10
STOHF.PK P 2012-01-19 2013-02-13
STOHF.PK P 2012-05-15 2013-02-13
CAPITAL GAINS DIVIDENDS P    
(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 5,982   4,971 1,011
b 1,196   1,047 149
c 6,278   5,966 312
d 5,000   5,020 -20
e 5,284   5,007 277
1,057   1,079 -22
5,258   5,025 233
1,052   1,074 -22
1,037   1,009 28
4,190   4,024 166
1,048   1,045 3
1,048   1,070 -22
5,227   5,034 193
1,045   1,063 -18
5,362   5,084 278
1,072   1,076 -4
6,339   6,220 119
5,131   5,014 117
1,026   1,040 -14
4,479   4,483 -4
1,120   1,143 -23
6,556   6,231 325
5,412   5,020 392
6,181   6,072 109
4,550   4,005 545
1,137   1,036 101
4,284   3,834 450
1,071   1,046 25
1,071   1,091 -20
5,377   5,167 210
1,075   1,075 0
5,547   5,432 115
1,109   1,116 -7
5,571   4,934 637
6,259   6,431 -172
1,179   1,016 163
4,714   4,156 558
5,731   5,093 638
1,146   1,051 95
5,038   4,940 98
1,008   1,014 -6
6,027   5,082 945
1,205   1,079 126
5,036   5,028 8
4,778   3,684 1,094
1,195   1,034 161
6,592   6,153 439
5,565   5,015 550
4,031   4,067 -36
5,394   5,162 232
5,265   5,032 233
20,000   19,810 190
2,000   2,000 0
4,000   4,064 -64
289   299 -10
62,711   64,589 -1,878
16,433   15,012 1,421
21,346   20,020 1,326
19,523   20,220 -697
20,299   20,785 -486
27,860   25,020 2,840
28,470   25,038 3,432
24,265   20,465 3,800
28,433   25,020 3,413
27,919   24,830 3,089
19,523   20,020 -497
27,360   25,336 2,024
22,097   23,082 -985
28,977   25,020 3,957
19,185   20,020 -835
30,210   29,763 447
26,439   25,037 1,402
71,862   66,489 5,373
10,310   10,161 149
3,418     3,418
74,024   77,909 -3,885
11,293   11,518 -225
1,993   2,009 -16
6,973   6,806 167
72,925   76,210 -3,285
11,126   11,259 -133
11,876   10,656 1,220
10,619   9,319 1,300
10,005   8,775 1,230
11,641   9,946 1,695
10,377   9,862 515
10,936   10,773 163
12,860   12,373 487
12,365   10,625 1,740
10,090   8,530 1,560
10,982   8,979 2,003
13,624   10,775 2,849
9,398   8,979 419
11,337   10,597 740
8,601   8,146 455
11,206   10,092 1,114
12,201   10,741 1,460
10,854   10,467 387
10,343   9,849 494
10,201   9,269 932
13,318   11,664 1,654
9,939   9,733 206
12,757   10,592 2,165
9,494   7,762 1,732
10,201   8,558 1,643
13,451   10,965 2,486
9,227   8,999 228
11,238   9,618 1,620
10,008   8,518 1,490
54,152   47,915 6,237
19,655   19,600 55
8,069   7,808 261
77,136   65,856 11,280
9,391   9,038 353
13,262   10,753 2,509
10,855   8,670 2,185
13,331   10,220 3,111
9,694   9,252 442
8,623   7,024 1,599
7,012   5,919 1,093
3,034   2,474 560
3,034   2,580 454
3,038   2,474 564
7,497   7,407 90
4,691   3,933 758
2,345   2,104 241
265   229 36
7,131   6,977 154
3,962   4,401 -439
7,031   6,958 73
6,612   2,825 3,787
4,465   4,299 166
3,283   3,216 67
13,642     13,642
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       1,011
b       149
c       312
d       -20
e       277
      -22
      233
      -22
      28
      166
      3
      -22
      193
      -18
      278
      -4
      119
      117
      -14
      -4
      -23
      325
      392
      109
      545
      101
      450
      25
      -20
      210
      0
      115
      -7
      637
      -172
      163
      558
      638
      95
      98
      -6
      945
      126
      8
      1,094
      161
      439
      550
      -36
      232
      233
      190
      0
      -64
      -10
      -1,878
      1,421
      1,326
      -697
      -486
      2,840
      3,432
      3,800
      3,413
      3,089
      -497
      2,024
      -985
      3,957
      -835
      447
      1,402
      5,373
      149
      3,418
      -3,885
      -225
      -16
      167
      -3,285
      -133
      1,220
      1,300
      1,230
      1,695
      515
      163
      487
      1,740
      1,560
      2,003
      2,849
      419
      740
      455
      1,114
      1,460
      387
      494
      932
      1,654
      206
      2,165
      1,732
      1,643
      2,486
      228
      1,620
      1,490
      6,237
      55
      261
      11,280
      353
      2,509
      2,185
      3,111
      442
      1,599
      1,093
      560
      454
      564
      90
      758
      241
      36
      154
      -439
      73
      3,787
      166
      67
      13,642
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 2 117,462
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 126,682 2,529,357 0.050085
2011 115,849 2,523,302 0.045912
2010 118,006 2,439,458 0.048374
2009 108,979 2,291,613 0.047556
2008 161,386 3,003,415 0.053734
2 Total of line 1, column (d) ...................... 2 0.245661
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 0.049132
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 2,752,582
5 Multiply line 4 by line 3....................... 5 135,240
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,300
7 Add lines 5 and 6......................... 7 136,540
8 Enter qualifying distributions from Part XII, line 4.............. 8 137,357
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 1,300
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 1,300
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 1,300
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 1,115
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 1,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,115
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 2
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 10 813
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet813 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)
    bulletTX
    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.Click to see attachment
    10
    Yes
     
    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
    Yes
     
    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 ofbulletJAMES R CLIFTON Telephone no.bullet (254) 741-6400
    Located atbullet400 AUSTIN AVENUE SUITE 1003WACOTX ZIP+4bullet76701
    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
    JAMES R CLIFTON PRESIDENT
    1.00     		0 0 0
    400 AUSTIN AVENUE SUITE 1003
    WACO,TX76701
    WILLIAM L CLIFTON JR V/P
    1.00     		0 0 0
    400 AUSTIN AVENUE SUITE 1003
    WACO,TX76701
    MARY LACY CLIFTON CHASE SEC
    1.00     		0 0 0
    3720 HERWOL
    WACO,TX76710
    DAVID NEMEC TREAS
    1.00     		0 0 0
    400 AUSTIN AVENUE SUITE 1003
    WACO,TX76701
    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 N/A 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 N/A 0
    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
    137,629
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    1,300
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,300
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    136,329
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    136,329
    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
    136,329
    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 7 136,329
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 37,993
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 137,357
    a Applied to 2012, but not more than line 2a 37,993
    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..... 99,364
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		36,965
    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) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    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).)
    JAMES R CLIFTON
    WILLIAM L CLIFTON JR
    MARY LACY CLIFTON CHASE
    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 or e-mail address of the person to whom applications should be addressed:
    JAMES R CLIFTON THE CLIFTON FOUNDAT
    400 AUSTIN AVENUE SUITE 1003
    WACO,TX76701
    (254) 741-6400
    bThe form in which applications should be submitted and information and materials they should include:
    OUTLINE OF CHARITABLE ACTIVITIES/PROGRAMS INCLUDING IRS TAX EXEMPTION LTR
    cAny submission deadlines:
    SEPTEMBER 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    AMERICAN CANCER SOCIETY
    1700 LAKE SUCCESS DRIVE
    WACO,TX76710     		  501 (C) (3) ENTITY SPONSER EVENT 1,000
    ASSOCIATION FOR RETARDED CITIZENS TEXAS
    PO BOX 3367
    WACO,TX76707     		  501 (C) (3) ENTITY GENERAL USE 500
    BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION--KWBU-FM
    ONE BEAR PLACE 97296
    WACO,TX76798     		  501 (C) (3) ENTITY GENERAL USE 1,000
    CARE NET PREGNANCY CENTER
    4700 W WACO DRIVE
    WACO,TX76710     		  501 (C) (3) ENTITY CAPITAL PROJECTS 10,000
    CARITAS OF WACO
    300 SOUTH 15TH STREET
    WACO,TX76701     		  501 (C) (3) ENTITY GENERAL USE 5,000
    CEDAR CREEK VETERANS FOUNDATION
    PO BOX 489
    MABANK,TX75147     		  501 (C) (3) ENTITY SPONSOR EVENT 250
    CENTRAL TEXAS LITERACY COALITION
    PO BOX 6088
    WACO,TX76706     		  501 (C) (3) ENTITY STORYBOOK CHRISTMAS 250
    CENTRAL TEXAS SENIOR MINISTRIES
    PO BOX 85
    WACO,TX76703     		  501 (C) (3) ENTITY MEALS ON WHEELS 5,000
    COMPASSION MINISTIES OF WACO INC
    1421 AUSTIN AVENUE
    WACO,TX76701     		  501 (C) (3) ENTITY SPONSOR EVENT 1,500
    CROSS CULTURE EXPERIENCES INC
    1315 N 15TH STREET
    WACO,TX76707     		  501 (C) (3) ENTITY MISSION WACO 1,000
    CROSS TIES MINISTRIES--TALITHA KOUM INSTITUTE
    PO BOX 2202
    WACO,TX76703     		  501 (C) (3) ENTITY GENERAL USE 1,500
    CULVER EDUCATIONAL FOUNDATION
    1300 ACADEMY ROAD
    CULVER,IN46511     		  501 (C) (3) ENTITY GENERAL USE 5,000
    DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE
    300 SOUTH 5TH STREET
    WACO,TX76701     		  501 (C) (3) ENTITY GENERAL USE 1,000
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		  501 (C) (3) ENTITY TRINITY COLLEGE 1,000
    EDUCATIONAL FOUNDATION INC
    PO BOX 309
    CHAPEL HILL,NC27514     		  501 (C) (3) ENTITY GENERAL USE 1,000
    FAMILY ABUSE CENTER
    PO BOX 20395
    WACO,TX76702     		  501 (C) (3) ENTITY GENERAL USE 1,000
    FORT WORTH ACADEMY
    7301 DUTCH BRANCH ROAD
    FORT WORTH,TX76132     		  501 (C) (3) ENTITY GENERAL USE 1,000
    FRIENDS FOR LIFE
    PO BOX 23491
    WACO,TX76702     		  501 (C) (3) ENTITY GENERAL USE 1,500
    FRIENDS OF BIG BEND NATIONAL PARK
    PO BOX 200
    BIG BEND NP,TX79834     		  501 (C) (3) ENTITY GENERAL USE 100
    FUZZY FRIENDS RESCUE
    PO BOX 20966
    WACO,TX76702     		  501 (C) (3) ENTITY SPONSOR EVENT 500
    HISTORIC WACO FOUNDATION INC
    810 SOUTH 4TH STREET
    WACO,TX76706     		  501 (C) (3) ENTITY GENERAL USE 1,500
    HISTORIC WACO FOUNDATION INC
    810 SOUTH 4TH STREET
    WACO,TX76706     		  501 (C) (3) ENTITY IN COMPANY WITH ANGELS 250
    HUMANE SOCIETY OF CENTRAL TEXAS
    2032 CIRCLE ROAD
    WACO,TX76706     		  501 (C) (3) ENTITY GENERAL USE 500
    JUNIOR LEAGUE OF WACO
    2600 AUSTIN AVENUE
    WACO,TX76710     		  501 (C) (3) ENTITY ENDOWMENT 1,000
    K-LIFE MINISTERIES
    PO BOX 8577
    WACO,TX76714     		  501 (C) (3) ENTITY GENERAL USE 500
    KEEP WACO BEAUTIFUL INC
    PO BOX 1493
    WACO,TX76703     		  501 (C) (3) ENTITY GENERAL USE 150
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    600 MEMORIAL DRIVE W98--2ND FLOOR
    CAMBRIDGE,MA02139     		  501 (C) (3) ENTITY SLOAN SCHOOL OF MANAGEMENT 1,000
    MCLENNAN COMMUNITY COLLEGE FOUNDATION
    1400 COLLEGE DRIVE
    WACO,TX76708     		  501 (C) (3) ENTITY GENERAL USE 1,000
    MCLENNAN COUNTY HUNGER COALITION
    300 S 15TH STREET
    WACO,TX76701     		  501 (C) (3) ENTITY GENERAL USE 10,000
    NATIONAL PARKS CONSERVATION ASSOCIATION
    1300 19TH STREET NW SUITE 300
    WASHINGTON,DC20036     		  501 (C) (3) ENTITY GENERAL USE 10,000
    PLANNED PARENTHOOD CENTER OF WACO
    PO BOX 1459
    WACO,TX76703     		  501 (C) (3) ENTITY GENERAL USE 1,000
    PROVIDENCE FOUNDATION
    6901 MEDICAL PARKWAY
    WACO,TX76712     		  501 (C) (3) ENTITY GENERAL USE 1,000
    RONALD MCDONALD HOUSE OF DALLAS
    4707 BENGAL STREET
    DALLAS,TX75235     		  501 (C) (3) ENTITY SPONSOR EVENT 500
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750356
    DALLAS,TX75275     		  501 (C) (3) ENTITY TEMERLIN ADVERTISING INSTITUTE 1,000
    ST PAUL'S EPISCOPAL DAY SCHOOL
    517 COLUMBUS AVENUE
    WACO,TX76701     		  501 (C) (3) ENTITY GENERAL USE 2,000
    ST STEPHENS EPISCOPAL SCHOOL
    6500 ST STEPHENS DRIVE
    AUSTIN,TX78746     		  501 (C) (3) ENTITY GENERAL USE 1,000
    THE GREATER WACO INTERFAITH CONFERENCE
    PO BOX 21902
    WACO,TX76702     		  501 (C) (3) ENTITY GENERAL USE 250
    THE GREATER WACO UNITED FUND FOUNDATION
    4224 COBBS DRIVE
    WACO,TX76710     		  501 (C) (3) ENTITY ENDOWMENT 6,365
    THE WACO FOUNDATION
    1105 WOODED ACRES SUITE 701
    WACO,TX76710     		  501 (C) (3) ENTITY GENERAL USE 10,000
    THE WACO FOUNDATION
    1105 WOODED ACRES SUITE 701
    WACO,TX76710     		  501 (C) (3) ENTITY EDUCATION ALLIANCE FUND 2,000
    THE WACO FOUNDATION
    1105 WOODED ACRES SUITE 701
    WACO,TX76710     		  501 (C) (3) ENTITY MAC SCHOLARSHIP FUND 5,000
    WISD EDUCATION FOUNDATION
    501 FRANKLIN AVENUE
    WACO,TX76701     		  501 (C) (3) ENTITY GREATER WACO ADVANCED MFG ACADEMY 5,000
    UNITED SERVICE ORGANIZATIONS INC
    PO BOX 96860
    WASHINGTON,DC20077     		  501 (C) (3) ENTITY GENERAL USE 5,000
    UNITED WAY OF WACO-MCLENNAN COUNTY
    4224 COBBS DRIVE
    WACO,TX76710     		  501 (C) (3) ENTITY GENERAL USE 6,365
    UNIVERSITY OF SOUTH CAROLINA
    1600 HAMPTON STREET
    COLUMBIA,SC29208     		  501 (C) (3) ENTITY JOURNALISM-MISC SCHOLARSHIPS 1,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    PO BOX 80354
    LOS ANGELES,CA90080     		  501 (C) (3) ENTITY USC ENGINEERING INNOVATION FUND 1,000
    UNIVERSITY OF TEXAS AT DALLAS
    2200 WEST MOCKINGBIRD LANE
    DALLAS,TX75235     		  501 (C) (3) ENTITY SPONSOR EVENT 500
    UNIVERSITY OF TEXAS--MD ANDERSON CANCER CENTER
    PO BOX 4486
    HOUSTON,TX77210     		  501 (C) (3) ENTITY GENERAL USE 1,000
    VANGUARD SCHOOL
    2517 MT CARMEL
    WACO,TX76710     		  501 (C) (3) ENTITY GENERAL USE 1,500
    VIRGINIA EPISCOPAL SCHOOL
    PO BOX 408
    LYNCHBURG,VA24505     		  509 (A) (1) PUBLIC GENERAL USE 1,000
    WACO CHAMBER COMMUNITY DEVELOPMENT FND
    PO BOX 1220
    WACO,TX76703     		  501 (C) (3) ENTITY THE MOMENTUM FUND 8,000
    WACO FAMILY PRACTICE FOUNDATION
    1600 PROVIDENCE DRIVE
    WACO,TX76707     		  501 (C) (3) ENTITY SPONSOR EVENT 6,000
    WACO MONTESSORI SCHOOL
    1920 COLUMBUS AVENUE
    WACO,TX76701     		  501 (C) (3) ENTITY GENERAL USE 1,500
    WORLD HUNGER RELIEF INC
    PO BOX 639
    ELM MOTT,TX76640     		  501 (C) (3) ENTITY GENERAL USE 1,100
    Total .................................bullet 3a 134,080
    bApproved for future payment
    CULVER EDUCATIONAL FOUNDATION
    1300 ACADEMY ROAD
    CULVER,IN48511     		  501 (C) (3) ENTITY GENERAL USE 20,000
    DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE
    300 SOUTH 5TH STREET
    WACO,TX76701     		  501 (C) (3) ENTITY GENERAL USE 2,000
    THE GREATER WACO UNITED FUND FOUNDATION
    4224 COBBS DRIVE
    WACO,TX76710     		  501 (C) (3) ENTITY ENDOWMENT FUND 6,365
    THE WACO FOUNDATION
    1105 WOODED ACRES SUITE 701
    WACO,TX76710     		  501 (C) (3) ENTITY EDUCATION ALLIANCE 2,000
    THE WACO FOUNDATION
    1105 WOODED ACRES SUITE 701
    WACO,TX76710     		  501 (C) (3) ENTITY MAC SCHOLARSHIP FUND 5,000
    UNITED WAY OF WACO-MCLENNAN COUNTY
    4224 COBBS DRIVE
    WACO,TX76710     		  501 (C) (3) ENTITY GENERAL USE 6,365
    WACO CHAMBER COMMUNITY DEVELOPMENT FND
    PO BOX 1220
    WACO,TX76703     		  501 (C) (3) ENTITY THE MOMENTUM FUND 16,000
    WACO FAMILY PRACTICE FOUNDATION
    1600 PROVIDENCE DRIVE
    WACO,TX76707     		  501 (C) (3) ENTITY SPONSOR EVENT 7,500
    Total .................................bullet 3b 65,230
    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 ............     		    14 286  
    4 Dividends and interest from securities....     14 59,089  
    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.....     14 433  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 117,462  
    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).. 0 177,270 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13177,270
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    CLIFTON FOUNDATION
     
    Employer identification number

    74-2832766
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 2
    Name of organization
    CLIFTON FOUNDATION
          		Employer identification number

    74-2832766
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    PATRICIA R CLIFTON IRA PLAN  
    400 AUSTIN AVE STE 1003
     
    WACO, TX76701

    		$308,424


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 3
    Name of organization
    CLIFTON FOUNDATION
          		Employer identification number

    74-2832766
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    CLIFTON FOUNDATION
          		Employer identification number

    74-2832766
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,360 460   900

    TY 2013 GeneralExplanationAttachment
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Identifier Return Reference Explanation
    DISTRIBUTIONS FROM DONOR ADVISED FUNDS FORM 990, PART VII-A, QUESTION 12 IN 2013, THE CLIFTON FOUNDATION DID NOT MAKE A DISTRIBUTION TO A DONOR ADVISED FUND; HOWEVER, THE FOUNDATION HAS MADE DISTRIBUTIONS IN PREVIOUS YEARS TO A DONOR-ADVISED FUND, THE CLIFTON FOUNDATION FUND, HELD AT THE WACO FOUNDATION. DISTRIBUTIONS FROM THIS DONOR ADVISED FUND ARE INTENDED TO BE USED TO FURTHER THE RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES OR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS OF RECIPIPIENT 501(C)(3) ORGANIZATIONS. BELOW IS A HISTORY OF FUNDS CONTRIBUTED TO AND EXPENDITURES FUNDED FROM THIS DONOR ADVISED FUND:DONATIONS BY THE THE CLIFTON FOUNDATION TO THE WACO FOUNDATION: 2005 $50,000 2008 25,000 2009 10,000 2010 16,282 2011 10,000 2012 25,000 TOTAL $136,282EXPENDITURES MADE FROM THE DONOR ADVISED FUND: WACO CHAMBER OF COMMERCE DEVELOPMENT FUND -2006 $20,000 WACO CHAMBER OF COMMERCE DEVELOPMENT FUND -2007 20,000 WACO CHAMBER OF COMMERCE DEVELOPMENT FUND -2008 20,000 WACO CHAMBER OF COMMERCE DEVELOPMENT FUND -2009 20,000 WACO CHAMBER OF COMMERCE DEVELOPMENT FUND -2010 20,000 WACO CC COMMUN. DEVEL FUND CHAIR'S COLLECTION-2007 2,500 WACO CC COMMUN. DEVEL FUND CHAIR'S COLLECTION-2008 2,500 WACO CC COMMUN. DEVEL FUND CHAIR'S COLLECTION-2009 2,500 HILLCREST HOSPITAL CANCER CENTER CAMPAIGN - 2013 10,000 ST. PAUL AME CHURCH-AUDIO VIDEO- 2013 18,315 TOTAL $135,815

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SECURITIES 1,775,562 1,775,562

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2013 InvestmentsOtherSchedule2
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIXED INCOME FUNDS FMV 981,044 981,044
    CAPITAL SPRINGS LP AT COST 59,765 59,765

    TY 2013 OtherDecreasesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Description Amount
    TIMING DIFFERENCES 285
    PLACEMENT COSTS 2,567


    TY 2013 OtherExpensesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES 725 348   377
    FEES 88 88   0
    OTHER PORTFOLIO DEDUCTIONS-CAPITALSPRING 24 24   0
    PORTFOLIO DEDUCTIONS-PROF FEES 112 112   0


    TY 2013 OtherIncomeSchedule2
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 350 350 350
    CAPITALSPRING DIRECT 83 83 83


    TY 2013 OtherIncreasesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 123,785


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT AND MANAGEMENT FEES 47,530 45,530   2,000


    TY 2013 SubstantialContributorsSch
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Name Address
    PATRICIA R CLIFTON IRA PLAN 400 AUSTIN AVENUE
    WACO,TX76701


    TY 2013 TaxesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN: 74-2832766
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 673 673   0
    EXCISE TAX 2,000 0   0