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
CLARK FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)9770 SW SUNSHINE CT   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BEAVERTON, OR970054100
A Employer identification number

23-7423789
B Telephone number (see instructions)

(503) 627-9978
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$30,134,940J 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 361,058 345,678  
4 Dividends and interest from securities...... 619,816 619,816  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,167,719
b Gross sales price for all assets on line 6a 7,664,011
7 Capital gain net income (from Part IV, line 2)...  
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).......      
12 Total. Add lines 1 through 11........ 2,148,593 965,494  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,905      
b Accounting fees (attach schedule)....... Click to see attachment 5,800      
c Other professional fees (attach schedule).... Click to see attachment 120,039 117,039    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,776 1,905    
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 list of attachments 152,740 149,816    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 292,260 268,760   0
25 Contributions, gifts, grants paid........ 1,466,110 1,466,110
26 Total expenses and disbursements. Add lines 24 and 25 1,758,370 268,760   1,466,110
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 390,223
b Net investment income (if negative, enter -0-) 696,734
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.......... 176,527 823,605 823,605
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) 5,835,630 Click to see attachment4,885,666 4,885,666
b Investments—corporate stock (attach schedule)........ 18,092,496 Click to see attachment18,701,796 18,701,796
c Investments—corporate bonds (attach schedule)........ 3,769,374 Click to see attachment4,811,009 4,811,009
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 961,652 Click to see attachment912,864 912,864
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) 28,835,679 30,134,940 30,134,940
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
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 28,835,679 30,134,940
30 Total net assets or fund balances (see instructions)...... 28,835,679 30,134,940
31 Total liabilities and net assets/fund balances (see instructions).. 28,835,679 30,134,940
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 28,835,679
2 Enter amount from Part I, line 27a..................... 2 390,223
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 909,038
4 Add lines 1, 2, and 3.......................... 4 30,134,940
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 30,134,940
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.)
1a
b
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
b
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
b
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  
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 1,259,650 26,106,876 0.048250
2012 972,200 19,610,891 0.049574
2011 207,500 6,629,373 0.031300
2010 1,063 6,014 0.176754
2009   112  
2 Total of line 1, column (d) ...................... 2 0.305878
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 0.076470
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 28,911,912
5 Multiply line 4 by line 3....................... 5 2,210,894
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,967
7 Add lines 5 and 6......................... 7 2,217,861
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,466,110
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 13,935
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  
3 Add lines 1 and 2........................... 3 13,935
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,935
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 9,200
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 9,200
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,735
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletOR
    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
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBARB PURDY Telephone no.bullet (503) 627-9978
    Located atbullet9770 SW SUNSHINE COURTBEAVERTONOR ZIP+4bullet97005
    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
     
     
    .........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
     
     
    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
    RICHARD M CLARK PRESIDENT/TR
    0.50     		0 0 0
    2433 NW PINNACLE DR
    PORTLAND,OR97229
    TRACEY A CLARK DIRECTOR
    0.00     		0 0 0
    2433 NW PINNACLE DR
    PORTLAND,OR97229
    BRITTNEY CLARK VICE PRESIDE
    0.00     		0 0 0
    7975 SW WILLOWMERE
    PORTLAND,OR97225
    CHRISTOPHER BROOKS DIRECTOR
    0.00     		0 0 0
    7975 SW WILLOWMERE
    PORTLAND,OR97229
    CANDACE HOLZGRAFE DIRECTOR
    0.00     		0 0 0
    300 SE SPOKANE
    PORTLAND,OR97202
    JON HOLZGRAFE DIRECTOR
    0.00     		0 0 0
    300 SE SPOKANE
    PORTLAND,OR97202
    STEVE NICHOLES SECRETARY
    0.00     		0 0 0
    1111 SW FIFTH AVENUE 1500
    PORTLAND,OR97204
    PAT BECKER SR DIRECTOR
    0.00     		0 0 0
    1211 SW FIFTH AVENUE 2185
    PORTLAND,OR97204
    JANEEN MCANINCH DIRECTOR
    0.00     		0 0 0
    1211 SW FIFTH AVENUE 2185
    PORTLAND,OR97204
    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  
    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.............bullet  
    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 PROVIDED FINANCIAL ASSISTANCE TO JESUIT HIGH SCHOOL FOR THE MATH/SCIENCE BUILDING CAMPAIGN AND THE REMODEL OF DEIRINGER CENTER. 140,000
    2 PROVIDED FINANCIAL ASSISTANCE TO THE OREGON ZOO TO SUPPORT THE ASIAN ELEPHANT HABITAT. 100,000
    3 PROVIDED FUNDING TO THE OREGON HEALTH & SCIENCE UNIVERSITY FOUNDATION FOR VARIOUS PROGRAMS. 80,000
    4 PROVIDED FUNDING TO THE UNIVERSITY OF PORTLAND FOR THE REMODEL OF THE LIBRARY. 50,000
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    5,241,979
    b
    Average of monthly cash balances.......................
    1b
    455,494
    c
    Fair market value of all other assets (see instructions)................
    1c
    23,654,722
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,352,195
    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
    29,352,195
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    440,283
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,911,912
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,445,596
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,445,596
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    13,935
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,935
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,431,661
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,431,661
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,431,661
    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
    1,466,110
    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
    1,466,110
    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
    1,466,110
    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 1,431,661
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 155,824
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,466,110
    a Applied to 2013, but not more than line 2a 155,824
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 1,310,286
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		121,375
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    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 e-mail address of the person to whom applications should be addressed:
    MR RM CLARK
    9770 SW SUNSHINE COURT
    BEAVERTON,OR97005
    (503) 627-9978
    bThe form in which applications should be submitted and information and materials they should include:
    THE APPLICATION SHOULD BE IN THE FORM OF A LETTER AND MUST INCLUDE A LIST OF THE BOARD OF DIRECTORS, A DESCRIPTION OF THE ACTIVITY OR PROJECT, A BUDGET, AND OTHER INFORMATION AS REQUESTED BY THE CLARK FOUNDATION'S DIRECTORS.
    cAny submission deadlines:
    THERE ARE NO SUBMISSION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE APPLICANT MUST BE A TAX EXEMPT ORGANIZATION WHOSE PURPOSE IS EDUCATIONAL, CHARITABLE, CULTURAL, RELIGIOUS OR SCIENTIFIC AND IS LOCATED IN THE PORTLAND, OREGON METROPOLITAN AREA. NO SCHOLARSHIPS TO INDIVIDUALS, STUDENT LOANS, OR OTHER PROGRAM RELATED INVESTMENTS MAY BE MADE BY THE CLARK FOUNDATION.
    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
    ALBERTINA KERR
    424 NE 22ND AVENUE
    PORTLAND,OR97232     		N/A   CHARITABLE - BUILDING FUND 30,000
    ALL CLASSICAL PORTLAND
    515 NE 15TH AVENUE
    PORTLAND,OR97232     		N/A   CHARITABLE - BUILDING FUND 5,000
    AMERICAN ASSOCIATION OF ZOOKEEPERS
    8476 E SPEEDWAY BLVD
    SUITE 204
    TUCSON,AZ85710     		N/A   LEWA WILDLIFE CONS. - BLACK RHINO 5,000
    AMERICAN RED CROSS
    3131 N VANCOUVER
    PORTLAND,OR97227     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    ASSISTANCE LEAGUE OF GREATER PORTLA
    40 SW 117TH AVENUE
    BEAVERTON,OR97227     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    BLANCHET HOUSE
    340 NW GLISAN STREET
    PORTLAND,OR97209     		N/A   CHARITABLE - CAPITAL CAMPAIGN 25,000
    CAMP 18
    PO BOX 615
    CLATSKANIE,OR97138     		N/A   CHARITABLE - PROGRAM SUPPORT 10,000
    CANNON BEACH CHILDRENS CENTER
    PO BOX 596
    CANNON BEACH,OR97110     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    CANNON BEACH POLICE DEPT
    E GOWER AVENUE
    CANNON BEACH,OR97110     		N/A   CHARITABLE - PROGRAM SUPPORT 2,500
    CARES NW
    2800 N VANCOUVER AVENUE
    SUITE 201
    PORTLAND,OR97227     		N/A   CHARITABLE - BUILDING SUPPORT 5,000
    CATHOLIC BROADCASTING NORTHWEST
    PO BOX 5888
    PORTLAND,OR97228     		N/A   CHARITABLE - RADIO CAMPAIGN SUPPORT 20,000
    CATHOLIC CHARITIES
    2740 SE POWELL BLVD
    PORTLAND,OR97202     		N/A   CHARITABLE - PREGNANCY SUPPORT 25,000
    CENTRAL CATHOLIC HIGH SCHOOL
    2401 SE STARK STREET
    PORTLAND,OR97214     		N/A   CHARITABLE - BUILDING SUPPORT 25,000
    CHAMBER MUSIC NORTHWEST
    522 SW FIFTH AVENUE
    SUITE 920
    PORTLAND,OR97204     		N/A   EDUCATIONAL - OUTREACH SUPPORT 5,000
    CHILDRENS CENTER OF CLACK CTY
    1713 PENN LANE
    OREGON CITY,OR97045     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    COASTER THEATRE FOUNDATION
    108 N HEMLOCK ST
    CANNON BEACH,OR97110     		N/A   CULTURAL - PLAY SPONSOR 10,000
    DE LA SALLE NORTH CATHOLIC HIGH
    7528 N FENWICK AVENUE
    PORTLAND,OR97217     		N/A   EDUCATIONAL - FINANCIAL AID 25,000
    DE LA SALLE NORTH CATHOLIC HIGH
    7528 N FENWICK AVENUE
    PORTLAND,OR97217     		N/A   CHARITABLE - LUNCHEON SPONSOR 6,500
    DOERNBECHER CHILDRENS HOSP FOUNDATI
    1121 SW SALMON ST
    SUITE 100
    PORTLAND,OR97205     		N/A   CHARITABLE - PROGRAM SUPPORT 26,000
    DOVE LEWIS ANIMAL HOSPITAL
    1945 NW PETTYGROVE
    PORTLAND,OR97209     		N/A   CHARITABLE - BUILDING FUND 25,000
    DRESS FOR SUCCESS
    1532 B NE 37TH AVENUE
    PORTLAND,OR97232     		N/A   CHARITABLE - FINANCIAL ASSISTANCE 25,000
    EMANUEL MEDICAL CENTER FOUNDATION
    PO BOX 4484
    PORTLAND,OR97208     		N/A   CHARITABLE - BUILDING FUND 39,110
    FRIENDLY HOUSE
    1737 NW 26TH AVENUE
    PORTLAND,OR97210     		N/A   CHARITABLE - BUILDING FUND 25,000
    GIRL SCOUTS
    9620 SW BARBUR BLVD
    PORTLAND,OR97219     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    GONZAGA UNIVERSITY
    502 E BOONE AVENUE
    SPOKANE,WA99258     		N/A   CHARITABLE - BUILDING SUPPORT 10,000
    GUIDE DOGS FOR THE BLIND
    32901 SE KELSO RD
    BORING,OR97009     		N/A   CHARITABLE - PROGRAM SUPPORT 15,000
    HOLY CROSS CATHOLIC SCHOOL
    5227 NORTH BOWDOIN STREET
    PORTLAND,OR97203     		N/A   EDUCATIONAL - SCHOLARSHIP PROGRAM 15,000
    HUMAN SOLUTIONS
    12350 SE POWELL BLVD
    PORTLAND,OR97236     		N/A   CHARITABLE - HOMELESS FAMILY ASST. 25,000
    JESUIT HIGH SCHOOL
    9000 SW BEAVERTON HWY
    PORTLAND,OR97225     		N/A   EDUCATIONAL - BUILDING FUND 140,000
    LIFEWORKS NORTHWEST
    14600 NW CORNELL ROAD
    PORTLAND,OR97229     		N/A   CHARITABLE - BUILDING SUPPORT 25,000
    LINNTON COMMUNITY CENTER
    10614 NW ST HELENS ROAD
    PORTLAND,OR97231     		N/A   CHARITABLE - PROGRAM SUPPORT 10,000
    MACDONALD CENTER
    605 NW COUCH STREET
    PORTLAND,OR97209     		N/A   CHARITABLE - CAPITAL CAMPAIGN 30,000
    MEALS ON WHEELS
    7710 SW 31ST AVENUE
    PORTLAND,OR97219     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    MEDICAL TEAM INTERNATIONAL
    14150 SW MILTON COURT
    PORTLAND,OR97224     		N/A   CHARITABLE - JM DIRECTOR'S FUND 25,000
    NW FAMILY SERVICES
    6200 SE KING ROAD
    PORTLAND,OR97222     		N/A   CHARITABLE - PROGRAM SUPPORT 2,500
    NW OUTWARD BOUND SCHOOL
    619 SW 11TH AVENUE
    SUITE 225
    PORTLAND,OR97205     		N/A   CHARITABLE - PROGRAM SUPPORT 2,500
    OHSU FOUNDATION
    1121 SW SALMON ST 100
    PORTLAND,OR97205     		N/A   CHARITABLE - MEDICAL PROGRAMS 80,000
    OMSI
    1945 SE WATER AVENUE
    PORTLAND,OR97214     		N/A   CHARITABLE - PROGRAM SUPPORT 15,000
    OREGON BALLET THEATRE
    818 SE SIXTH AVENUE
    PORTLAND,OR97214     		N/A   CULTURAL - EDU/APPRENT. PROGRAMS 10,000
    OREGON FOOD BANK
    7900 NE 33RD DRIVE
    PORTLAND,OR97211     		N/A   CHARITABLE - FOOD /OPERATING FUNDS 25,000
    OREGON HISTORICAL SOCIETY
    1200 SW PARK AVENUE
    PORTLAND,OR97205     		N/A   CULTURAL - OPERATING FUNDS 10,000
    OREGON PUBLIC BROADCASTING
    7140 SW MACADAM AVE
    PORTLAND,OR97219     		N/A   CULTURAL - OREGON EXPERIENCE SERIES 25,000
    OREGON SPORTS AUTHORITY
    1888 SW MADISON ST
    PORTLAND,OR97205     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    OREGON SYMPHONY
    921 SW WASHINGTON STREET
    SUITE 200
    PORTLAND,OR97205     		N/A   CHARITABLE - PROGRAM SUPPORT 15,000
    OREGON ZOO FOUNDATION
    4001 SW CANYON RD
    PORTLAND,OR97221     		N/A   SCIENTIFIC - ELEPHANT HABITAT 100,000
    OUR LADY OF VICTORY
    PO BOX 29
    SEASIDE,OR97138     		N/A   CHARITABLE - CAPITAL CAMPAIGN 10,000
    PARTNERS FOR A HUNGER FREE OREGON
    712 SE HAWTHORNE BLVD
    PORTLAND,OR97214     		N/A   CHARITABLE - PROGRAM SUPPORT 3,000
    PENINSULA CHILDRENS LEARNING CENTER
    4720 N MARYLAND AVENUE
    PORTLAND,OR97217     		N/A   CHARITABLE - PROGRAM SUPPORT 1,000
    PORTLAND ACTOR'S ENSEMBLE
    PO BOX 8671
    PORTLAND,OR97207     		N/A   CHARITABLE - PROGRAM SUPPORT 2,500
    PORTLAND CENTER STAGE
    128 NW 11TH AVENUE
    PORTLAND,OR97209     		N/A   CHARITABLE - PROGRAM SUPPORT 20,000
    PORTLAND CHILDREN'S MUSEUM
    4015 SW CANYON ROAD
    PORTLAND,OR97221     		N/A   CHARITABLE - PROGRAM SUPPORT 10,000
    PORTLAND JAPANESE GARDEN
    PO BOX 3847
    PORTLAND,OR97208     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    PORTLAND SUMMERFEST
    PO BOX 4084
    PORTLAND,OR97208     		N/A   CULTURAL - PRODUCTION SUPPORT 5,000
    PORTLAND YOUTH BUILDERS
    4816 SE 92ND AVENUE
    PORTLAND,OR97266     		N/A   EDUCATIONAL - SCHOLARSHIPS 2,500
    PROVIDENCE CHILD CENTER FOUNDATION
    830 NE 47TH AVE
    PORTLAND,OR97213     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    PROVIDENCE ST VINCENT MED FOUNDATI
    9205 SW BARNES ROAD
    PORTLAND,OR97225     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    RAPHAEL HOUSE
    4110 SE HAWTHORNE BLVD
    SUITE 503
    PORTLAND,OR97214     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    REBUILDING AMERICA'S WARRIORS
    PO BOX 1931
    RANCHO MIRAGE,CA92270     		N/A   CHARITABLE - PROGRAM SUPPORT 10,000
    RESOURCES FIRST FOUNDATION
    189 MAIN STREET
    YARMOUTH,ME04096     		N/A   CHARITABLE - SPONSORSHIPS 10,000
    RESURRECTION CATHOLIC PARISH
    21060 SW STAFFORD ROAD
    TUALATIN,OR97060     		N/A   CHARITABLE - BUILDING FUND 25,000
    SERENDIPITY CENTER
    PO BOX 33350
    PORTLAND,OR97292     		N/A   CHARITABLE - BUILDING SUPPORT 5,000
    SISTERS OF ST MARY OF OREGON
    4440 SW 148TH AVE
    BEAVERTON,OR97007     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    SISTERS OF THE HOLY NAMES
    PO BOX 411
    MARYLHURST,OR97036     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    SMART
    101 SW MARKET STREET
    PORTLAND,OR97201     		N/A   CHARITABLE - FINANCIAL SUPPORT 5,000
    SOCIETY OF JESUS
    PO BOX 86010
    PORTLAND,OR97268     		N/A   CHARITABLE - FINANCIAL SUPPORT 10,000
    ST ANDREW LEGAL CLINIC
    807 NE ALBERTA ST
    PORTLAND,OR97211     		N/A   CHARITABLE - PROGRAM SUPPORT 22,000
    ST ANDREWS NATIVITY SCHOOL
    PO BOX 11127
    PORTLAND,OR97211     		N/A   EDUCATIONAL - SCHOLARSHIP PROGRAM 10,000
    ST CLARE SCHOOL
    1807 SW FREEMAN
    PORTLAND,OR97219     		N/A   CHARITABLE - BUILDING FUND 20,000
    ST MARY'S ACADEMY
    1615 SW 5TH AVENUE
    PORTLAND,OR97201     		N/A   EDUCATIONAL - VARIOUS PROGRAMS 40,000
    ST MICHAELS CHURCH
    424 SW MILL STREET
    PORTLAND,OR97201     		N/A   CHARITABLE - BUILDING SUPPORT 15,000
    SUNSHINE DIVISION
    687 N THOMPSON STREET
    PORTLAND,OR97227     		N/A   CHARITABLE - PROGRAM SUPPORT 1,000
    THOMAS EDISON HIGH SCHOOL
    9020 SW BEAVERTON HWY
    PORTLAND,OR97225     		N/A   EDUCATIONAL - FINANCIAL ASSISTANCE 20,000
    TUCKER MAXON ORAL SCHOOL
    2860 NE HOLGATE
    PORTLAND,OR97202     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    UNIVERSITY OF PORTLAND
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97203     		N/A   CHARITABLE - BUILDING FUND 50,000
    VICTOR ACADEMY
    PO BOX 428
    TUALATIN,OR97062     		N/A   CHARITABLE - PROGRAM SUPPORT 15,000
    YMCA OF COLUMBIA WILLAMETTE
    9500 SW BARBUR BLVD 200
    PORTLAND,OR97219     		N/A   CHARITABLE - TEEN DIVISION 20,000
    YMCA OF GREATER PORTLAND
    1111 SW TENTH AVENUE
    PORTLAND,OR97205     		N/A   CHARITABLE - SCHOLARSHIPS 25,000
    Total .................................bullet 3a 1,466,110
    bApproved for future payment
    Total .................................bullet 3b  
    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 ............     		    14 361,058  
    4 Dividends and interest from securities....     14 619,816  
    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.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        1,167,719
    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)..   980,874 1,167,719
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,148,593
    (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:
    CLARK FOUNDATION
    EIN: 23-7423789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 5,800      

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    TY 2014 AmortizationSchedule
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    ALCOA INC 2013-05-23 262,040 760   1,333 1,333   2,093

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    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    12,155 AMERICAN EAGLE OUTFITTERS 2013-09 PURCHASE 2014-03   152,760 175,160     -22,400  
    1,650 GAMESTOP CORP 2013-02 PURCHASE 2014-01   59,999 40,454     19,545  
    3,410 KOHLS CORP 2013-11 PURCHASE 2014-06   183,935 181,509     2,426  
    5,232 RENT-A-CENTER 2013-10 PURCHASE 2014-02   127,402 182,501     -55,099  
    4,060 TERADATA CORP 2014-03 PURCHASE 2014-05   163,235 193,999     -30,764  
    2,560 TRIUMPH GROUP INC 2014-01 PURCHASE 2014-03   166,379 175,695     -9,316  
    3,392 VERIZON COMMUNICATIONS 2014-02 PURCHASE 2014-04   162,135 163,206     -1,071  
    250,000 FEDERAL NATIONAL MTG ASSOC 2013-08 PURCHASE 2014-03   250,000 249,700     300  
    4,870 ABERCROMBIE & FITCH 2013-04 PURCHASE 2014-04   138,081 175,993     -37,912  
    5,910 ALLEGHENY TECH INC 2013-04 PURCHASE 2014-04   239,709 161,635     78,074  
    17,520 BROCADE COMMUNICATIONS 2013-04 PURCHASE 2014-04   165,066 99,338     65,728  
    3,200 COACH INC 2013-01 PURCHASE 2014-06   113,376 165,698     -52,322  
    1,150 COVIDIEN PLC 2011-06 PURCHASE 2014-07   99,978 55,018     44,960  
    10,400 CORNING INC 2012-08 PURCHASE 2014-05   218,513 121,135     97,378  
    740 CORNING INC 2012-10 PURCHASE 2014-05   15,548 9,641     5,907  
    2,950 DIRECTV SHS 2013-04 PURCHASE 2014-07   254,497 167,359     87,138  
    4,533 ISHARES MSCI EMERGING MKTS 2013-07 PURCHASE 2014-07   202,666 169,985     32,681  
    1,770 GAMESTOP CORP 2012-10 PURCHASE 2014-01   64,362 40,824     23,538  
    25 GAMESTOP CORP 2012-11 PURCHASE 2014-01   909 539     370  
    940 HOSPIRA INC 2012-10 PURCHASE 2014-07   48,499 30,580     17,919  
    1,275 HOSPIRA INC 2012-11 PURCHASE 2014-07   65,783 38,347     27,436  
    8,025 HOSPIRA INC 2013-02 PURCHASE 2014-07   414,049 241,187     172,862  
    600 HONDA MOTOR ADR 2011-10 PURCHASE 2014-01   23,766 18,056     5,710  
    8,425 MDU RESOURCES 2012-10 PURCHASE 2014-05   280,338 183,644     96,694  
    100 MURPHY OIL CORP 2012-03 PURCHASE 2014-08   6,047 5,099     948  
    300 MURPHY OIL CORP 2012-01 PURCHASE 2014-08   18,141 15,373     2,768  
    1,115 MURPHY OIL CORP 2012-06 PURCHASE 2014-08   67,422 44,819     22,603  
    7,710 NDR CORP NEW 2012-11 PURCHASE 2014-10   197,603 172,884     24,719  
    610 NOW INC 2013-03 PURCHASE 2014-07   20,764 16,712     4,052  
    1,850 SOUTHWEST AIRLINES 2012-03 PURCHASE 2014-01   38,443 15,269     23,174  
    5,640 SOUTHWEST AIRLINES 2012-03 PURCHASE 2014-01   117,199 47,124     70,075  
    250 TIME INC 2012-10 PURCHASE 2014-07   6,115 3,677     2,438  
    4,750 VODAFONE GROUP, PLC 2013-02 PURCHASE 2014-03   191,700 219,798     -28,098  
    VODAFONE GROUP, PLC - CASH IN LIEU 2013-02 PURCHASE 2014-03   14 17     -3  
    2,286 VODAFONE GROUP PLC 2013-02 PURCHASE 2014-04   83,807 105,781     -21,974  
    1,520 ZIMMER HOLDINGS INC 2012-07 PURCHASE 2014-04   157,339 89,787     67,552  
    30,000 CITIGROUP, INC 2011-01 PURCHASE 2014-12   32,761 31,402     1,359  
    175,000 CITIGROUP, INC 2011-04 PURCHASE 2014-12   191,104 183,792     7,312  
    45,000 CITIGROUP INC 2012-02 PURCHASE 2014-12   49,141 47,818     1,323  
    150,000 FEDERAL HOME LOAN MTG CORP 2012-08 PURCHASE 2014-03   150,000 150,734     -734  
    50,000 WELLS FARGO SUBORDINATED GLB 2007-09 PURCHASE 2014-11   50,000 47,945   2,055    
    195,000 WACHOVIA CORP 2009-09 PURCHASE 2014-08   195,000 195,000        
    5,000 WACHOVIA CORP 2011-11 PURCHASE 2014-08   5,000 5,000        
    50,000 WACHOVIA CORP 2012-03 PURCHASE 2014-08   50,000 50,000        
    50,000 WACHOVIA CORP 2012-03 PURCHASE 2014-08   50,000 50,000        
    250,000 FEDERAL NATL MTG ASSOC 2012-05 PURCHASE 2014-12   250,000 250,000        
    200,000 US TREASURY NOTE 2009-07 PURCHASE 2014-07   200,000 199,141     859  
    45,000 US TREASURY NOTE 2009-07 PURCHASE 2014-07   45,000 44,807     193  
    400,000 US TREASURY NOTES 2012-04 PURCHASE 2014-07   400,000 400,000        
    65,000 MADRAS AQUATIC CENTER 2011-06 PURCHASE 2014-05   66,872 65,897     975  
    60,000 FOREST GROVE ORE REV 2011-06 PURCHASE 2014-05   60,000 60,000        
    60,000 WILLAMALANE PARK & REC 2011-06 PURCHASE 2014-05   66,514 62,173     4,341  
    65,000 SCIO RURAL FIRE PROTN 2011-06 PURCHASE 2014-05   73,693 66,942     6,751  
    30,000 OREGON ST FACS AUTH REV 2011-06 PURCHASE 2014-05   30,416 30,423     -7  
    35,000 NEW MEXICO MTG FIN AUTH 2011-06 PURCHASE 2014-03   35,000 35,000        
    50,000 PORTLAND ORE ECONOMIC 2011-06 PURCHASE 2014-06   58,022 52,401     5,621  
    60,000 WHATCOM CO WA 2011-06 PURCHASE 2014-05   67,234 62,130     5,104  
    5 COVIDIEN PLC 2008-12 PURCHASE 2014-01   341 157     184  
    1,850 COVIDIEN PLC 2008-12 PURCHASE 2014-01   126,004 59,486     66,518  
    65 COVIDIEN PLC 2010-07 PURCHASE 2014-01   4,427 2,185     2,242  
    1,435 COVIDIEN PLC 2010-07 PURCHASE 2014-07   124,755 48,238     76,517  
    100 COVIDIEN PLC 2010-07 PURCHASE 2014-07   8,694 3,362     5,332  
    300 FEDEX CORP 2008-01 PURCHASE 2014-01   42,153 25,802     16,351  
    600 FEDEX CORP 2008-01 PURCHASE 2014-03   82,012 51,604     30,408  
    70 FEDEX CORP 2008-08 PURCHASE 2014-03   9,568 5,627     3,941  
    100 FEDEX CORP 2009-04 PURCHASE 2014-03   13,669 4,764     8,905  
    800 FEDEX CORP 2011-09 PURCHASE 2014-03   109,350 57,400     51,950  
    5,200 HONDA MOTOR ADR 2011-11 PURCHASE 2014-01   205,970 154,392     51,578  
    3,300 MICROSOFT CORP 2003-06 PURCHASE 2014-05   132,034 81,778     50,256  
    300 MICROSOFT CORP 2003-12 PURCHASE 2014-05   12,003 7,947     4,056  
    350 MICROSOFT CORP 2004-04 PURCHASE 2014-05   14,004 8,754     5,250  
    1,400 MURPHY OIL CORP 2008-10 PURCHASE 2014-08   84,656 64,357     20,299  
    115 MURPHY OIL CORP 2008-10 PURCHASE 2014-08   6,954 5,286     1,668  
    100 MURPHY OIL CORP 2010-01 PURCHASE 2014-08   6,047 4,950     1,097  
    5,000 OREGON ST HSG & CMNTY 2012-08 PURCHASE 2014-04   5,000 5,000        
    35,000 OREGON ST HSG & CMNTY 2012-08 PURCHASE 2014-07   35,000 35,000        
    VERIZON COMMUNICATIONS 2014-02 PURCHASE 2014-02   34       34  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Name of Bond End of Year Book Value End of Year Fair Market Value
    300,000 WACHOVIA CORP 5.250%    
    50,000 WELLS FARGO & CO 5.000%    
    300,000 HEWLETT PACKARD CO 2.600% 305,631 305,631
    250,000 CITIGROUP INC 6.125%    
    250,000 GENERAL ELEC CAP CORP 5.625% 281,308 281,308
    250,000 XEROX CORP 6.350% 282,680 282,680
    250,000 JP MORGAN CHASE & CO 4.250% 268,775 268,775
    250,000 ALCOA INC 5.400% 270,758 270,758
    300,000 APPLIED MATERIALS INC 4.300% 327,018 327,018
    250,000 AT&T INC 5.500% 275,973 275,973
    250,000 BOTTLING GROUP LLC 5.500% 264,510 264,510
    300,000 CATERPILLAR INC 1.500% 301,851 301,851
    250,000 UNITEDHEALTH GROUP INC 2.875 250,800 250,800
    300,000 USD SIMON PROP GROUP 5.100% 305,865 305,865
    300,000 DEERE & COMPANY 327,507 327,507
    300,000 GOLDMAN SACHS GROUP 307,818 307,818
    300,000 INTERNATIONAL BUSINESS 384,000 384,000
    330,000 TARGET CORP 360,337 360,337
    300,000 USD VODAFONE GROUP 296,178 296,178

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3,375 SH 3M CO 554,580 554,580
    3,405 SH AETNA INC COM 302,466 302,466
    460 SH ALLEGHENY CORP 213,210 213,210
    5,910 SH ALLEGHENY TECH INC    
    3,400 SH ALLSTATE CORP COM 238,850 238,850
    4,754 AMDOCS LIMITED 221,798 221,798
    2,385 SH AMGEN INC COM 379,907 379,907
    4,270 SH APPLE INC 471,323 471,323
    10,265 SH ARCHER DANIELS MIDLAND 533,780 533,780
    7,540 SH AT&T INC 253,268 253,268
    6,630 SH AVNET INC 285,222 285,222
    6,260 SH BABCOCK (THE) AND WILCOX CO 189,678 189,678
    2,610 SH BECTON DICKINSON & COMPANY 363,207 363,207
    5,950 SH BED BATH & BEYOND 453,211 453,211
    629 SH BLACKROCK INC 224,905 224,905
    19,690 SH BROCADE COMMUNICATIONS 233,130 233,130
    2,265 SH BUNGE LIMITED 205,911 205,911
    2,074 SH CHEVRON CORP 232,661 232,661
    2,515 SH CONOCOPHILLIPS 173,686 173,686
    8,910 SH CORNING INC 204,306 204,306
    4,605 SH COVIDIEN PLC    
    6,275 SH CSX CORP 227,343 227,343
    3,800 SH DEVON ENERGY CORP 232,598 232,598
    14,640 SH EMC CORPORATION MASS 435,394 435,394
    3,805 SH EMERSON ELEC CO COM 234,883 234,883
    7,575 SH EPIQ SYSTEMS INC. 129,381 129,381
    1,870 SH FEDEX CORPORATION    
    6,000 SH FIRST INTERSTATE BANCSYSTEM 166,920 166,920
    3,445 SH GAMESTOP CORP CL A    
    15,870 SH GENERAL ELEC CO COM 401,035 401,035
    4,130 SH GLOBAL PMTS INC GEORGIA 333,415 333,415
    425 SH GRAHAM HOLDINGS CO 367,077 367,077
    5,800 SH HONDA MOTOR CO LTD SPONS AD    
    10,240 SH HOSPIRA INC    
    5,194 SH IAC INTERACTIVE CORP 315,743 315,743
    12,885 SH INTEL CORP COM 467,597 467,597
    6,455 SH JOHNSON CONTROLS INC 312,035 312,035
    7,530 SH JP MORGAN CHASE & CO 471,227 471,227
    22,575 SH KEYCORP NEW COM 313,792 313,792
    2,810 SH L-3 COMMUNICATIONS HLDS 354,650 354,650
    1,865 SH MCKESSON CORP 387,137 387,137
    8,425 SH MDU RESOURCES GROUP    
    4,035 SH MCDONALDS CORP 378,080 378,080
    7,975 SH MERCK & CO INC COM 452,900 452,900
    12,775 SH MICROSOFT CORP COM 593,399 593,399
    3,356 SH MOLSON COORS BREWING-B 250,089 250,089
    9,200 SH MORGAN STANLEY 356,960 356,960
    3,130 SH MURPHY OIL CORP    
    2,440 SH NATIONAL-OILWELL VARCO INC 159,893 159,893
    7,710 SH NCR CORP NEW COM    
    8,000 SH PACIFIC CONTINENTAL CORP 113,440 113,440
    11,000 SH PEOPLES UNITED FINANCIAL 166,980 166,980
    1,907 SH PHILLIPS 66 136,732 136,732
    13,060 SH PFIZER INC 406,819 406,819
    4,685 SH PNC BK CORP COM 427,412 427,412
    2,515 SH RAYTHEON COMPANY 272,048 272,048
    3,445 SH ROYAL DUTCH SHELL PLC ADR A 230,643 230,643
    840 SH SCHLUMBERGER LTD COM 71,744 71,744
    13,710 SH SOUTHWEST AIRLINES 580,207 580,207
    20,920 SH STAPLES INC 379,070 379,070
    4,220 SH STATE STREET CORP 331,270 331,270
    6,275 SH TE CONNECTIVITY LTD 396,894 396,894
    2,275 SH THE HOWARD HUGHES CORP 296,705 296,705
    2,500 SH TIME WARNER INC 213,550 213,550
    2,880 SH TRIUMPH GROUP INC 193,594 193,594
    6,310 SH URBAN OUTFITTERS 221,670 221,670
    6,245 SH US BANCORP 280,713 280,713
    3,800 SH WAL MART STORES INC COM 326,344 326,344
    16,800 SH WESTERN UNION CO 300,888 300,888
    2,115 SH XCEL ENERGY INC 75,971 75,971
    1,785 SH ZIMMER HOLDINGS INC 202,455 202,455
    12,155 SH AMER EAGLE OUTFITTERS    
    4,870 SH ABERCROMBIE & FITCH CO    
    3,200 SH COACH INC    
    2,950 SH DIRECTV SHS    
    3,410 SH KOHLS CORP    
    5,232 SH RENT-A-CENTER INC    
    12,900 SH VODAFONE GROUP    

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    US Government Securities - End of Year Book Value:

    4,885,666
    US Government Securities - End of Year Fair Market Value:

    4,885,666
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    4,533 SH ISHARES MSCI EMERGING MKTS FMV    
    6,621 SH VANGUARD MSCI EUROPEAN FMV 347,007 347,007
    3,319 ISHARES TR RUSSELL 2000 FMV 397,019 397,019
    3,590 SH ISHARES INC CORE MSCI FMV 168,838 168,838

    TY 2014 LegalFeesSchedule
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,905      


    TY 2014 OtherExpensesSchedule
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK SERVICE CHARGE 258      
    LICENSES AND PERMITS 50      
    BROKERAGE FEE 500 500    
    WEB HOSTING 288      
    OFFICE SUPPLIES 38      
    MEALS AND ENTERTAINMENT 2,290      


    TY 2014 OtherIncreasesSchedule
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEE 117,039 117,039    
    ADMINISTRATIVE FEE 3,000      


    TY 2014 TaxesSchedule
    Name:
    CLARK FOUNDATION
    EIN: 23-7423789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN DIVIDEND TAX 1,905 1,905    
    STATE TAXES 1,200      
    FEDERAL INCOME TAX 7,671