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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
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$6,677,848J 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
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 121,660 121,660  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 399,538
b Gross sales price for all assets on line 6a 1,633,183
7 Capital gain net income (from Part IV, line 2)... 399,538
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 42,661 42,661  
12 Total. Add lines 1 through 11........ 563,859 563,859  
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 9,734 7,301   2,433
c Other professional fees (attach schedule).... Click to see attachment 66,535 66,535   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,820 3,307   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 12,083 11,048   1,035
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 153,172 128,691   16,981
25 Contributions, gifts, grants paid........ 146,708 146,708
26 Total expenses and disbursements. Add lines 24 and 25 299,880 128,691   163,689
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 263,979
b Net investment income (if negative, enter -0-) 435,168
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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.......... 71,599 65,818 65,818
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...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 4,273,737 Click to see attachment4,445,055 5,142,770
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)........... 1,260,736 Click to see attachment1,345,925 1,469,260
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) 5,606,072 5,856,798 6,677,848
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......... 5,606,072 5,856,798
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 instructions)...... 5,606,072 5,856,798
31 Total liabilities and net assets/fund balances (see instructions).. 5,606,072 5,856,798
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 5,606,072
2 Enter amount from Part I, line 27a..................... 2 263,979
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2,086
4 Add lines 1, 2, and 3.......................... 4 5,872,137
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 15,339
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,856,798
Form 990-PF (2014)
Form 990-PF (2014)
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 1,448,371   1,233,645 214,726
b 184,812     184,812
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       214,726
b       184,812
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 2 399,538
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 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))
2013 376,773 6,553,987 0.057488
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
2 Total of line 1, column (d) ...................... 2 0.335354
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 0.067071
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,531,474
5 Multiply line 4 by line 3....................... 5 438,072
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,352
7 Add lines 5 and 6......................... 7 442,424
8 Enter qualifying distributions from Part XII, line 4.............. 8 163,689
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 (2014)
Form 990-PF (2014)
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 8,703
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 8,703
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 8,703
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 2,173
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,173
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 104
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 6,634
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
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 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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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
     
     
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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     		18,000 0 0
    809 RICHMOND ROAD
    WILLIAMSBURG,VA23185
    JOSEPH W MONTGOMERY TREASURER/DIRECTOR
    3.75     		18,000 0 0
    809 RICHMOND ROAD
    WILLIAMSBURG,VA23185
    L ALVIN GARRISON SECERTARY/DIRECTOR
    3.75     		18,000 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 (2014)
    Form 990-PF (2014)
    Page 8
    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 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
    6,508,015
    b
    Average of monthly cash balances.......................
    1b
    122,923
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,630,938
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,630,938
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    99,464
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,531,474
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    326,574
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    326,574
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    8,703
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,703
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    317,871
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    317,871
    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
    317,871
    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
    163,689
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    163,689
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    163,689
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 317,871
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 211,389
    b From 2010....... 99,324
    c From 2011....... 118,981
    d From 2012....... 79,332
    e From 2013....... 56,590
    fTotal of lines 3a through e......... 565,616
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 163,689
    a Applied to 2013, 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 2014 distributable amount..... 163,689
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 154,182 154,182
    (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 5 411,434
    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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		57,207
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		354,227
    10 Analysis of line 9:
    a Excess from 2010.... 99,324
    b Excess from 2011.... 118,981
    c Excess from 2012.... 79,332
    d Excess from 2013.... 56,590
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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 or email address 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 (2014)
    Form 990-PF (2014)
    Page 11
    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
    HERITAGE HUMANE SOCIETY
    430 WALLER MILL ROAD
    WILLIAMSBURG,VA23185     		  PUBLIC EDUCATE ABOUT HUMANE ANIMAL TREATMENT, ADVOCATE ANIMAL WELFARE, AND PROVIDE AFFORDABLE ADOPTION 27,358
    OLDE TOWNE MEDICAL AND DENTAL
    5249 OLDE TOWNE ROAD SUITE D
    WILLIAMSBURG,VA23188     		  PUBLIC PROVIDES MEDICAL AND DENTAL SERVICES TO UN- AND UNDERINSURED PATIENTS IN THE WILLIAMSBURG AREA 19,350
    Total .................................bullet 3a 146,708
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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....     14 121,660  
    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 42,661  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 399,538  
    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).. 0 563,859 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13563,859
    (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 (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 9,734 7,301   2,433

    TY 2014 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 158,328 124,408
    RS INVT TR EMERGING MKT FUND 266,867 248,327
    PIMCO PAC INVT MGMT SER EMERGING MKTS BOND FUND 149,974 132,833
    TEMPLETON DEVELOPING MKTS TR 356,582 272,185
    A O SMITH 2,298 3,215
    ACADIA HEALTHCARE INC 1,196 1,653
    ACADIA PHARMACEUTICALS INC 1,530 2,000
    AERIE PHARMACEUTICALS INC 602 701
    AIR METHODS CORP 2,683 2,201
    ALBANY INTERNATIONAL CORP 3,107 3,305
    ALIGN TECH INC 2,120 2,963
    AMERICAN AXLE & MFG HOLDINGS INC 1,779 2,598
    AMERICAN EQUITY INVESTMENT LIFE HOLDING 5,025 8,845
    ARRIS GROUP INC 526 604
    ASPEN TECHNOLOGY INC 2,122 2,241
    ASTORIA FINACIAL CORP 1,574 3,086
    B&G FOODS INC 1,616 1,585
    BANK OF THE OZARKS INC 2,201 2,351
    BARRACUDA NETWORKS INC 1,780 1,971
    BELDEN INC 2,769 3,310
    BLACKHAWK NETWORK HOLDINGS INC 1,019 1,513
    BLOOMIN BRANDS INC 3,041 3,442
    BLUEBIRD BIO INC 619 2,568
    BOSTON BEER INC 1,838 2,316
    BRISTOW GROUP INC 6,696 8,487
    BRUNSWICK CORP 1,711 3,434
    BURLINGTON STORES INC 2,183 3,166
    CABOT CORP 3,387 3,246
    CABOT MICROELECTRONICS 5,315 6,010
    CAI INTERNATIONAN INC 2,944 2,946
    CALAMP CORP 3,034 2,965
    CALGON CARBON CORP 2,681 2,743
    CANTEL MEDICAL CORP 2,231 7,527
    CASH AMERICA INTERNATIONAL INC. 1,927 2,330
    CAVIUM INC 1,833 2,473
    CELLDEX THERAPEUTICS INC 2,278 1,606
    CENTENE CORP 2,864 6,854
    CEPHEID INC 2,115 2,761
    CHECKPOINT SYSTEMS 3,267 2,622
    CHEMTURA CORP 1,542 1,632
    COGNEX CORP 835 1,364
    COHERENT INC 4,723 5,040
    CONSTANT CONTACT INC 763 807
    CORE LABORATORIES INC 2,600 7,822
    CORNERSTONE ONDEMAND INC 1,583 1,725
    COVANCE INC. 2,710 6,750
    CYPRESS SEMICONDUCTOR CORP 1,872 2,085
    CYTEC IND INC 1,810 2,124
    DBV TECHNOLOGIES SA 1,632 1,709
    DEALERTRACK TECHNOLOGIES 2,391 3,235
    DEMANDWARE INC 1,888 1,956
    DIAMONDBACK ENERGY INC 1,167 1,255
    DUPONT FABROS TECHNOLOGY INC 2,311 3,058
    EAGLE MATERIALS INC 2,224 2,281
    EATON VANCE CORP 2,836 4,461
    ELECTRONICS FOR IMAGING INC 2,998 2,870
    ENERSYS INC 2,891 8,085
    ENOVA INTERNATIONAL INC 1,918 2,092
    ENTEGRIS INC 4,012 6,129
    EPIQ SYSTEMS INC 2,404 2,647
    ESTERLINE TECHNOLOGIES 1,400 1,974
    EURONET WORLDWIDE INC 2,349 2,361
    EVERCORE PARTNERS INC 2,225 2,147
    FAIRCHILD SEMICONDUCTOR INTERNATIONAL 5,647 6,296
    FEI COMPANY 3,122 3,524
    FIESTA RESTAURANT GROUP 2,262 2,918
    FINISH LINE 1,494 1,313
    FIRST POTOMAC REALTY 4,667 4,376
    FIVE BELOW INC 1,905 2,042
    FLEETMATICS GROUP PLC 2,607 2,449
    FLIR SYSTEMS INC. 2,966 5,880
    FOUNDATION MEDICINE INC 1,128 889
    FRANKLIN ELECTRIC INC 3,761 6,455
    G-III APPAREL GROUP LTD 2,298 3,131
    GATX CORP 6,220 7,077
    GLOBAL PAYMENTS, INC. 2,703 7,669
    GRAND CANYON EDUCATION INC 2,489 3,033
    GRAPHIC PACKAGING HOLDING INC 2,664 3,514
    GRUBHUB INC 2,156 2,216
    H & E EQUIPMENT SERIVCES INC 2,594 1,938
    HAIN CELESTIAL GROUP INC 1,178 2,798
    HEALTHEQUITY INC 853 1,273
    HEALTHSOUTH CORP 1,711 2,346
    HEALTHWAYS, INC. 3,848 3,777
    HERMAN MILLER INC 2,281 2,178
    HEXCEL CORP 7,750 13,028
    HMS HLDGS CORP 1,548 1,564
    HORACE MANN EDUCATORS 2,850 3,351
    HORTONWORKS INC 593 648
    ICON PLC 2,726 3,212
    INSULET CORP 1,815 3,132
    INTERCEPT PHARMACEUTICALS INC 778 1,248
    INTERNATIONAL SPEEDWAY CORP 3,817 4,431
    INTERXION HOLDING NV 1,968 2,297
    INVETORS BANCORP INC 2,137 2,223
    IPC THE HOPITALIST CO 1,642 1,606
    IRONWOOD PHARMACEUTICALS INC 2,711 3,125
    ISIS PHARMACEUTICALS 1,611 2,717
    ITRON INC. 3,929 3,806
    JACK IN THE BOX INC 1,821 1,919
    KATE SPADE & CO 1,108 1,505
    LA QUINTA HOLDINGS INC 1,515 1,522
    LIFE TIME FITNESS INC 3,566 6,794
    LITHIA MTRS INC 3,133 3,034
    LITTELFUSE INC 3,541 6,284
    MASTEC INC 2,793 2,148
    MAXIMUS INC 1,863 2,578
    MEDICAL PROPERTIES TRUST 3,184 5,278
    MEDNAX INC 3,637 8,594
    MERITAGE HOMES CORP 3,267 4,391
    MICROSEMI CORP 2,258 2,923
    MIDDLEBY CORP 1,277 1,982
    MOLINA HEALTHCARE INC 7,905 10,331
    MONOLITHIC POWER SYSTEMS INC 5,808 8,506
    MOOG INC 2,631 6,293
    NCI BUILDING SYSTEM INC 2,070 2,167
    NEURALSTEM INC 584 476
    NEUROCRINE BIOSCIENCES INC 1,371 1,676
    NEVRO CORP 754 1,160
    NEWPARK RESOURCES INC 2,447 3,663
    NIMBLE STORAGE INC 1,056 1,100
    NPS PHARMACEUTICAL INC 1,304 1,538
    ON ASSET MANAGEMENT PLC 1,490 1,770
    ON ASSIGNMENT INC 1,626 2,523
    ONEOK INC 769 3,087
    ORASURE TECH INC 569 679
    OREXIGEN THERAPEUTICS INC 1,920 1,740
    PACIRA PHARMACEUTICALS INC 2,894 2,748
    PAPA JOHNS INTERNATIONAL INC 2,617 3,013
    PARSLEY ENERGY INC 2,518 1,804
    PDC ENERGY INC 3,387 2,435
    PEBBLEBROOK HOTEL TR 2,217 2,510
    POLYONE CORP 1,661 3,222
    POOL CORP 1,781 2,030
    POPEYES LOUISIANA KITCHEN INC 1,422 1,913
    PORTOLA PHARMACEUTICALS INC 1,858 2,209
    PRA GROUP INC 2,775 2,954
    PRA HEALTH SCIENCES INC 1,364 1,550
    PROOFPOINT INC 2,035 2,749
    PROTECTIVE LIFE CORP 1,018 10,099
    PTC INC 2,371 2,346
    PUMA BIOTECHNOLOGY INC 1,359 2,461
    RAYMOND JAMES FINANCIAL 3,736 7,620
    RECEPTOS INC 1,200 1,225
    REINSURANCE GROUP OF AMERICA 2,040 6,221
    RENTRAK CORP 1,450 1,966
    RESTORATION HARDWARE HOLDINGS INC 1,432 1,536
    REXNORD CORP 2,644 2,708
    RF MICRO DEVICES INC 2,415 4,131
    SANMINA CORP 2,514 3,435
    SAPIENT CORP 5,155 8,708
    SBA COMMUNICATIONS CORP 1,572 7,421
    SCOTTS MIRACLE GRO 3,100 4,362
    SEMGROUP CORP 997 889
    SHUTTERSTOCK INC 2,327 2,211
    SKECHERS USA INC 2,318 2,376
    SMART & FINAL STORES INC 2,073 2,438
    SNAP-ON INC. 3,308 10,666
    SOTHEBY'S 1,387 1,339
    SOUTH JERSEY IND INC 3,698 5,068
    SOVRAN SELF STORAGE INC 2,484 2,878
    SPIRIT AIRLINES INC 2,165 2,645
    SPS COMMERCE INC 2,435 2,152
    SS&C TECHNOLOGIES HOLDINGS 1,876 2,398
    STATE AUTO FINANCIAL CORP 2,492 1,911
    STIFEL FINANCIAL CORP 4,087 5,306
    SUPER MICRO COMPUTER INC 2,317 3,174
    SWIFT ENERGY CO 5,894 988
    SWIFT TRANSPORTATION CO 2,153 2,691
    SYNCHRONOSS TECHNOLOGIES INC 1,729 2,177
    TAL INTERNATIONAL GROUP 3,713 4,096
    TEAM HEALTH HOLDINGS INC 2,108 2,589
    TELEDYNE TECHNOLOGIES 2,517 6,164
    TENNECO INC 2,298 2,434
    TERRAFORM POWER INC 1,610 1,606
    TESARO INC 944 1,190
    TIMKEN COMPANY 2,197 4,311
    TIMKENSTEEL CORP 905 1,852
    TRUSTMARK CORP 3,660 4,270
    TYLER TECHNOLOGIES INC 2,248 2,736
    ULTRAGENYX PHARMACEUTICALS 622 658
    UNISYS CORP 2,104 2,594
    UNITED BANKSHARES INC 3,323 4,681
    UNITED FIRE GROUP INC 3,168 4,192
    UNITED NATURAL FOODS INC 1,561 2,552
    US ECOLOGY INC 1,456 1,324
    US SILICA HOLDINGS INC 1,702 848
    VALSPAR CORP 3,029 9,772
    VERINT SYSTEMS INC 1,428 1,515
    WATSCO INC 2,167 2,247
    WATTS WATER TECHNOLOGIES 1,393 1,586
    WEBMD HEALTH CORP 1,120 910
    WELLCARE HEALTH PLANS INC 1,174 1,559
    WEX INC 1,721 2,473
    WGL HOLDINGS INC. 3,922 6,554
    WISDOMTREE INVESTMENTS INC 2,163 2,414
    WRIGHT MEDICAL GROUP INC 2,328 2,848
    BLAIR WILLIAM FUNDS 166,255 222,340
    COHEN & STEERS REALTY SHARES INC. 71,715 135,538
    DODGE & COX INCOME FUND 617,393 616,517
    DODGE & COX INTL STK FUND 219,001 284,304
    EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND 123,001 118,067
    JANUS INVT FD MID CAP VALUE FD 209,872 203,124
    JP MORGAN CORE BOND FUND 492,483 514,154
    PRINCIPAL INVST FUNDS HIGH YIELD FD 132,373 130,715
    T ROWE PRICE MID CAP GROWTH FUND 164,786 233,667
    ABBOTT LABORATORIES 6,586 10,940
    ABBVIE INC 5,967 12,041
    ACE LIMITED 7,662 8,961
    AIR PRODUCTS & CHEMICALS INC 5,198 7,933
    ALTRIA GROUP INC. 5,869 15,914
    AMERICAN EXPRESS COMPANY 7,476 10,420
    ANHEUSER BUSCH INBEV SA 6,587 6,627
    APPLE INC. 6,840 31,679
    ASML HOLDING NV 3,019 3,666
    AUTOMATIC DATA PROCESSING 2,810 6,419
    BLACKROCK INC 6,425 10,369
    CALIFORNIA RESOURCES CORP 470 364
    CANADIAN PACIFIC RAILWAY LTD 5,074 7,900
    CATERPILLAR INC. 5,410 5,858
    CDK GLOBAL HOLDINGS LLC 396 1,019
    CELGENE CORP 6,373 7,495
    CHEVRON CORPORATION 13,222 21,314
    COCA-COLA COMPANY 19,881 29,174
    COMCAST CORP 4,681 6,439
    CONOCOPHILLIPS 8,213 15,400
    DIAGEO PLC 5,432 5,362
    DISNEY WALT CO 3,011 7,724
    EOG RESOURCES INC. 2,655 3,315
    EXXON MOBIL CORP 18,866 28,567
    FRANKLIN RESOURCES INC. 6,639 9,136
    GENERAL ELECTRIC COMPANY 7,420 5,913
    GILEAD SCIENCES INC 5,952 7,164
    INTEL CORP 5,581 8,564
    INTERNATIONAL BUSINESS MACHINE CORP 15,365 16,044
    JOHNSON & JOHNSON 9,975 19,032
    JP MORGAN CHASE & CO 9,995 16,709
    KRAFT FOODS INC 1,347 2,444
    LAUDER ESTEE COS INC. 2,462 9,754
    MCDONALDS CORP 9,322 13,399
    MERCK & CO, INC. 3,395 6,360
    MONDELEZ INTERNATIONAL INC 2,376 4,177
    NESTLE S A REG 7,748 16,049
    NEWS CORP INC 1,083 1,381
    NOVARTIS AG 5,467 6,949
    NOVO NORDISK 3,216 9,988
    OCCIDENTAL PETE CORP 13,186 13,462
    ORACLE CORP 4,571 7,105
    PEPSICO INCORPORATED 6,528 12,009
    PHILIP MORRIS INTERNATIONAL INC. 16,978 30,299
    PILLIPS 66 911 2,940
    PRAXAIR INC. 5,088 8,940
    PROCTOR & GAMBLE CO. 11,707 18,947
    QUALCOMM INC. 4,966 7,656
    ROCHE HOLDINGS LTD 5,894 8,973
    ROYAL DUTCH SHELL PLC 6,599 7,164
    SABMILLER PLC ADR 5,770 6,445
    STATE STREET CORP 6,561 7,222
    TARGET CORP 6,086 8,578
    TEXAS INSTRUMENTS INC 6,543 11,067
    TIME WARNER CABLE 1,444 3,345
    TOTAL SA SPONS 11,229 10,496
    TWENTY-FIRST CENTURY FOX 5,920 10,677
    UNION PACIFIC CORP 5,978 8,101
    UNITED TECHNOLOGIES CORP 8,216 11,960
    WAL-MART STORES INC. 7,639 11,851
    WALGREENS BOOTS ALLIANCE INC 3,715 7,925
    WELLS FARGO COMPANY 5,606 7,017
    XILINX INC 1,677 2,208
    ACE LIMITED 7,221 8,616
    AGILENT TECH 1,325 3,357
    AMAZON.COM INC 31,739 30,725
    AMERICAN EXPRESS COMPANY 19,736 40,193
    BANK NEW YORK MELLON CORP 23,817 39,434
    BERKSHIRE HATHAWAY INC. 17,295 35,135
    BROOKFIELD ASSET MANAGEMENT 7,715 10,076
    CARMAX INC 11,029 15,779
    COSTCO WHSL COPR 8,352 20,128
    DIAGEO PLC 8,722 14,718
    ECOLAB INC 10,215 10,975
    ENCANA CORP 14,410 11,290
    EOG RESOURCES INC. 7,825 23,570
    EXPRESS SCRIPTS HOLDING CO 17,080 24,554
    GOOGLE INC. 26,176 40,168
    HALIBURTON CO 6,414 6,489
    JPMORGAN CHASE & CO 14,074 16,897
    KEYSIGHT TECHS INC 277 1,114
    LABORATORY CORP OF AMERICA HOLDINGS 13,171 14,782
    LAS VEGAS SANDS CORP 23,121 18,786
    LIBERTY GLOBAL PLC 25,081 28,213
    LIBERTY INTERACTIVE CORP VENTURES 940 1,207
    LIBERTY INTERACTIVE CORP INTERACTIVE 3,299 4,060
    LOEWS CORPORATION 6,711 10,379
    MICROSOFT CORP 6,062 9,058
    MOODY'S CORP 4,543 5,365
    ORACLE CORP 4,897 7,240
    PACCAR INC 8,362 10,950
    PRAXAIR INC. 17,352 16,972
    PRICELINE GROUP INC 9,175 9,122
    QUEST DIAGNOSTICS INC 7,822 8,852
    SCHWAB CHARLES CORP 8,804 10,899
    SYSCO CORP 8,352 9,248
    TEXAS INSTRUMENTS INC 10,471 21,333
    ULTRA PETROLEUM CORP 11,844 6,080
    UNITEDHEALTH GROUP INC 17,529 25,374
    VALEANT PHARMACEUTICALS INTERNATIONAL INC 10,179 10,733
    VISA INC 7,975 11,799
    WELLS FARGO COMPANY 11,488 39,525

    TY 2014 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
    SAIA INC AT COST 2,594 2,602
    GRAHAM ALTERNATIVE INVESTMENT FUND AT COST 232,572 231,502
    ABBEY CAPITAL MULTI-MANAGER FUND LTD AT COST 225,394 225,812
    GAI AGILITY INCOME FUND AT COST 300,000 354,531
    GAI CORBIN MULTI STRATEGY FUND AT COST 432,081 484,029
    ASGI AURORA OPPORTUNIES FUND AT COST 153,284 170,784

    TY 2014 OtherDecreasesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Description Amount
       
       


    TY 2014 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
    ABBEY CAPITAL K-1 10,011 10,011   0
    GRAHAM ALTERNATIVE INVESTMENT FUND II 2 2   0


    TY 2014 OtherIncomeSchedule2
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ABBEY CAPITAL MULTI-MANAGER FUND LTD -155 -155 -155
    GRAHAM ALTERNATIVE INVESTMENT FUND II 30,201 30,201 30,201
    FIRST CLEARING LLC 12,615 12,615 12,615


    TY 2014 OtherIncreasesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN: 54-1640751
    Description Amount
       
       


    TY 2014 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 66,535 66,535   0


    TY 2014 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 3,295 3,295   0
    2013 EXCISE TAX 7,500 0   0