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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
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:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$27,803,937J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 358,508 358,508  
4 Dividends and interest from securities... 398,792 398,792  
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 510,346
b Gross sales price for all assets on line 6a 4,855,658
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........ 1,267,646 757,300  
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 1,238      
b Accounting fees (attach schedule)....... Click to see attachment 5,920      
c Other professional fees (attach schedule).... Click to see attachment 120,446 117,446    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,130 2,195    
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 171,965 169,573    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 321,699 289,214   0
25 Contributions, gifts, grants paid....... 1,455,150 1,455,150
26 Total expenses and disbursements. Add lines 24 and 25 1,776,849 289,214   1,455,150
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -509,203
b Net investment income (if negative, enter -0-) 468,086
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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.............   1  
2 Savings and temporary cash investments......... 823,605 583,855 583,855
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) 4,885,666 Click to see attachment4,561,415 4,561,415
b Investments—corporate stock (attach schedule)....... 18,701,796 Click to see attachment16,793,667 16,793,667
c Investments—corporate bonds (attach schedule)....... 4,811,009 Click to see attachment5,019,549 5,019,549
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 912,864 Click to see attachment845,451 845,451
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) 30,134,940 27,803,938 27,803,937
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 30,134,940 27,803,938
30 Total net assets or fund balances (see instructions)..... 30,134,940 27,803,938
31 Total liabilities and net assets/fund balances (see instructions). 30,134,940 27,803,938
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
30,134,940
2
Enter amount from Part I, line 27a .....................
2
-509,203
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
29,625,737
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,821,799
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
27,803,938
Form 990-PF (2015)
Form 990-PF (2015)
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))
2014 1,466,110 28,911,912 0.050710
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
2
Total of line 1, column (d) .....................
20.356588
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
0.071318
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
28,793,334
5
Multiply line 4 by line 3......................
5
2,053,483
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,681
7
Add lines 5 and 6........................
7
2,058,164
8
Enter qualifying distributions from Part XII, line 4.............
8
1,455,150
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 9,362
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 9,362
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 9,362
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 14,000
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 14,000
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,638
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,638 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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 2015, 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  
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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 THE OREGON ZOO TO SUPPORT THE ASIAN ELEPHANT HABITAT. 100,000
    2 PROVIDED FINANCIAL ASSISTANCE TO JESUIT HIGH SCHOOL FOR THE REMODEL OF THE DEIRINGER CENTER 50,000
    3 PROVIDED FINANCIAL ASSISTANCE TO THE MACDONALD CENTER FOR CAPITAL CAMPAIGN AND OUTREACH/VISITATION PROGRAMS. 50,000
    4 PROVIDED FUNDING TO THE UNIVERSITY OF PORTLAND FOR THE REMODEL OF THE LIBRARY. 50,000
    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  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    4,969,970
    b
    Average of monthly cash balances.......................
    1b
    506,755
    c
    Fair market value of all other assets (see instructions)................
    1c
    23,755,086
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,231,811
    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
    29,231,811
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    438,477
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,793,334
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,439,667
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,439,667
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    9,362
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,362
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,430,305
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,430,305
    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
    1,430,305
    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
    1,455,150
    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
    1,455,150
    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
    1,455,150
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 1,430,305
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 121,375
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,455,150
    a Applied to 2014, but not more than line 2a 121,375
    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 2015 distributable amount..... 1,333,775
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		96,530
    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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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 (2015)
    Form 990-PF (2015)
    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
    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 10,000
    BEAVERTON POLICE ACTIVITIES LEAGUE
    12500 SW ALLEN BLVD
    BEAVERTON,OR97005     		N/A   CHARITABLE - PROGRAM SUPPORT 2,500
    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 CHAMBER
    PO BOX 64
    CANNON BEACH,OR97110     		N/A   CHARITABLE - MAINTENANCE SUPPORT 5,000
    CARES NW
    2800 N VANCOUVER AVENUE
    SUITE 201
    PORTLAND,OR97227     		N/A   CHARITABLE - PROGRAM SUPPORT 10,000
    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
    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 - SPONSOR 14,700
    DE PAUL TREATMENT CENTERS
    PO BOX 3007
    PORTLAND,OR97208     		N/A   CHARITABLE - SYSTEM UPGRADES 15,000
    DOERNBECHER CHILDRENS HOSP FOUNDATI
    1121 SW SALMON ST
    SUITE 100
    PORTLAND,OR97205     		N/A   CHARITABLE - PROGRAM SUPPORT 26,750
    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 - PROGRAM SUPPORT 35,000
    FRAIZER FARMSTEAD MUSEUM
    1403 CHESNUT STREET
    MILTONFREEWATER,OR97862     		N/A   CHARITABLE - PROGRAM SUPPORT 1,000
    FRIENDLY HOUSE
    1737 NW 26TH AVENUE
    PORTLAND,OR97210     		N/A   CHARITABLE - BUILDING FUND 10,000
    GIRL SCOUTS
    9620 SW BARBUR BLVD
    PORTLAND,OR97219     		N/A   CHARITABLE - SCHOLARSHIPS 25,000
    GUIDE DOGS FOR THE BLIND
    32901 SE KELSO RD
    BORING,OR97009     		N/A   CHARITABLE - PROGRAM SUPPORT 20,000
    HOLY CROSS CATHOLIC SCHOOL
    5227 NORTH BOWDOIN STREET
    PORTLAND,OR97203     		N/A   CHARITABLE - ROOF GRANT 25,000
    HOLY CROSS CATHOLIC SCHOOL
    5227 NORTH BOWDOIN STREET
    PORTLAND,OR97203     		N/A   EDUCATIONAL - TUITION & SUPPLIES 21,000
    HOLY FAMILY SCHOOL
    7425 SE CEASR CHAVEZ BLVD
    PORTLAND,OR97202     		N/A   EDUCATIONAL - SUPPLIES 5,000
    JESUIT HIGH SCHOOL
    9000 SW BEAVERTON HWY
    PORTLAND,OR97225     		N/A   EDUCATIONAL - BUILDING FUND 50,000
    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 15,000
    MACDONALD CENTER
    605 NW COUCH STREET
    PORTLAND,OR97209     		N/A   CHARITABLE - PROGRAMS SUPPORT 50,000
    MEALS ON WHEELS
    7710 SW 31ST AVENUE
    PORTLAND,OR97219     		N/A   CHARITABLE - PROGRAM SUPPORT 30,000
    MOUNT ANGEL ABBEY
    1 ABBEY DRIVE
    SAINT BENEDICT,OR97373     		N/A   CHARITABLE - SPONSOR 2,000
    MEDICAL TEAM INTERNATIONAL
    14150 SW MILTON COURT
    PORTLAND,OR97224     		N/A   CHARITABLE - JM DIRECTOR'S FUND 25,000
    NEW CITY INTIATIVE
    1435 NE 81ST AVENUE
    SUITE 500
    PORTLAND,OR97213     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    OHSU FOUNDATION
    1121 SW SALMON ST 100
    PORTLAND,OR97205     		N/A   CHARITABLE - MEDICAL PROGRAMS 35,000
    OMSI
    1945 SE WATER AVENUE
    PORTLAND,OR97214     		N/A   CHARITABLE - PROGRAM SUPPORT 15,000
    OPEN MEADOW
    7633 N WABUSH AVE
    PORTLAND,OR97217     		N/A   CHARITABLE - PROGRAM ASSITANCE 5,000
    OREGON BALLET THEATRE
    818 SE SIXTH AVENUE
    PORTLAND,OR97214     		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 30,000
    OREGON COLLEGE OF ART & CRAFT
    8245 SW BARNES RD
    PORTLAND,OR97225     		N/A   EDUCATION - CREATIVITY PROGRAM 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 STATE UNIVERSITY FOUNDATION
    707 SW WASHINGTON ST
    SUITE 500
    PORTLAND,OR97205     		N/A   CHARITABLE - BUILDING PLANS 50,000
    OREGON SYMPHONY
    921 SW WASHINGTON STREET
    SUITE 200
    PORTLAND,OR97205     		N/A   CHARITABLE - PROGRAM SUPPORT 17,500
    OREGON ZOO FOUNDATION
    4001 SW CANYON RD
    PORTLAND,OR97221     		N/A   SCIENTIFIC - ELEPHANT HABITAT 100,000
    PORTLAND ACTOR'S ENSEMBLE
    PO BOX 8671
    PORTLAND,OR97207     		N/A   CHARITABLE - PROGRAM SUPPORT 2,500
    PORTLAND ART MUSEUM
    1219 SW PARK AVENUE
    PORTLAND,OR97205     		N/A   CULTURAL - EXHIBIT SUPPORT 15,000
    PORTLAND CENTER STAGE
    128 NW 11TH AVENUE
    PORTLAND,OR97209     		N/A   CULTURAL - PRODUCTION SUPPORT 20,000
    PORTLAND CHILDREN'S MUSEUM
    4015 SW CANYON ROAD
    PORTLAND,OR97221     		N/A   CHARITABLE - PROGRAM SUPPORT 10,000
    PORTLAND HOMELESS FAMILY SOLUTIONS
    1211 SW YAMHILL
    STE 210
    PORTLAND,OR97205     		N/A   CHARITABLE - PROGRAM SUPOPORT 2,500
    PORTLAND PUBLIC SCHOOLS
    PO BOX 3107
    PORTLAND,OR97208     		N/A   CHARITABLE - VOLLEYBALL UNIFORMS 15,000
    PORTLAND SUMMERFEST
    PO BOX 4084
    PORTLAND,OR97208     		N/A   CULTURAL - PRODUCTION SUPPORT 5,000
    PROVIDENCE CHILD CENTER FOUNDATION
    830 NE 47TH AVE
    PORTLAND,OR97213     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    PROVIDENCE ST VINCENT MED FOUNDATI
    4805 NE GLISAN ST
    PORTLAND,OR97213     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    RAPHAEL HOUSE
    4110 SE HAWTHORNE BLVD
    SUITE 503
    PORTLAND,OR97214     		N/A   CHARITABLE - PROGRAM SUPPORT 5,000
    RESOURCES FIRST FOUNDATION
    189 MAIN STREET
    YARMOUTH,ME04096     		N/A   CHARITABLE - CONSERVATION 10,000
    RESURRECTION CATHOLIC PARISH
    21060 SW STAFFORD ROAD
    TUALATIN,OR97060     		N/A   CHARITABLE - BUILDING FUND 25,000
    SATURDAY ACADEMY
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97203     		N/A   EDUCATION - TUITION ASSIATNCE 10,000
    SISTERS OF ST MARY OF OREGON
    4440 SW 148TH AVE
    BEAVERTON,OR97007     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    SMART
    101 SW MARKET STREET
    PORTLAND,OR97201     		N/A   CHARITABLE - FINANCIAL SUPPORT 10,000
    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 21,200
    ST ANDREWS NATIVITY SCHOOL
    PO BOX 11127
    PORTLAND,OR97211     		N/A   EDUCATIONAL - SCHOLARSHIP PROGRAM 15,000
    ST ALEXANDER CHURCH
    PO BOX 644
    CORNELIUS,OR97113     		N/A   CHARITABLE - PROGRAM SUPPORT 35,000
    ST CLARE SCHOOL
    1807 SW FREEMAN
    PORTLAND,OR97219     		N/A   CHARITABLE - BUILDING FUND 30,000
    ST MARY'S ACADEMY
    1615 SW 5TH AVENUE
    PORTLAND,OR97201     		N/A   EDUCATIONAL - VARIOUS PROGRAMS 33,000
    ST MARY'S HOME FOR BOYS
    16535 SW TV HWY
    BEAVERTON,OR97006     		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
    ST MICHAELS CHURCH
    424 SW MILL STREET
    PORTLAND,OR97201     		N/A   CHARITABLE - BUILDING SUPPORT 15,000
    TUCKER MAXON ORAL SCHOOL
    2860 NE HOLGATE
    PORTLAND,OR97202     		N/A   CHARITABLE - PROGRAM SUPPORT 7,500
    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
    WEST SALEM BAND BOOSTERS
    3250 BELVEDERE ST NW
    SALEM,OR97304     		N/A   CHARITABLE - BAND INSTRUMENTS 2,500
    YMCA OF COLUMBIA WILLAMETTE
    9500 SW BARBUR BLVD 200
    PORTLAND,OR97219     		N/A   CHARITABLE - PROGRAM SUPPORT 20,500
    ZENGER FARM
    11741 SW FOSTER RD
    PORTLAND,OR97266     		N/A   CHARITABLE - PROGRAM SUPPORT 30,000
    Total .................................bullet 3a 1,455,150
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 ...........     		    14 358,508  
    4 Dividends and interest from securities....     14 398,792  
    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 ............     		        510,346
    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)..   757,300 510,346
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,267,646
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    CLARK FOUNDATION
    EIN:
    23-7423789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      5,920      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 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 2,093   1,396 1,396   3,489

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 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
    TARGET CORP (30,000) 2014-09 PURCHASE 2015-04   32,692 32,543     149  
    DEVRY EDUCATION GROUP INC. (13,000) 2015-05 PURCHASE     364,319 408,665     -44,346  
    NOBLE ENERGY (4,450) 2015-03 PURCHASE 2015-09   138,444 200,544     -62,100  
    PIER 1 IMPORTS INC DEL (16,125) 2015-03 PURCHASE 2015-12   75,231 214,740     -139,509  
    TERRAFORM PWR INC SHS CL A (10,200) 2015-11 PURCHASE 2015-12   89,701 189,800     -100,099  
    APPLE INC (250) 2012-12 PURCHASE 2015-02   30,987 18,229     12,758  
    BROCADE COMMUNICATIONS SYS (19,690) 2013-04 PURCHASE 2015-05   226,766 111,642     115,124  
    CORNING INC (8,910)   PURCHASE 2015-05   190,581 108,872     81,709  
    DEVON ENERGY CORP NEW (2.050)   PURCHASE 2015-09   84,458 125,024     -40,566  
    GRAHAM HOLDINGS CO SHS (425) 2012-10 PURCHASE 2015-01   373,906 152,443     221,463  
    L-3 COMMNCTNS HLDS (400) 2012-09 PURCHASE 2015-08   45,618 28,895     16,723  
    MOLSON COOR BREW CO CL B (2,500)   PURCHASE 2015-01   187,899 106,462     81,437  
    NATIONAL-OILWELL VARCO (2440) 2013-03 PURCHASE 2015-03   118,027 148,622     -30,595  
    PEOPLES UNITED FNL INC (11,000) 2012-10 PURCHASE 2015-11   183,429 134,748     48,681  
    STAPLES INC (9,660)   PURCHASE 2015-02   180,224 128,899     51,325  
    TRIUMPH GROUP INC NEW (2,880) 2014-01 PURCHASE 2015-02   171,510 197,657     -26,147  
    ZIMMER HOLDINGS INC COM (1,785)   PURCHASE 2015-01   213,878 112,576     101,302  
    XCEL ENERGY INC (2,115) 2011-06 PURCHASE 2015-06   68,190 50,919     17,271  
    HEWLETT PACKARD CO (300,000)   PURCHASE 2015-10   300,717 299,064     1,653  
    USD SIMON PROP GROUP (300,000)   PURCHASE 2015-06   300,000 300,000        
    US TREASURY NOTE (500,000)   PURCHASE 2015-11   500,000 486,172   13,828    
    US TREASURY NOTE (40,000) 2012-03 PURCHASE 2015-11   40,000 40,000        
    FEDERAL NATL MTG ASSOC (400,000) 2012-09 PURCHASE 2015-10   400,000 400,000        
    ARCHER DANIELS MIDLD (2500) 2008-10 PURCHASE 2015-06   127,798 50,115     77,683  
    DEVON ENERGY CORP NEW (1750)   PURCHASE 2015-09   72,098 90,111     -18,013  
    L-3 COMMNCTNS HLDGS (2410)   PURCHASE 2015-08   274,848 161,267     113,581  
    MOLSON COOR BREW CO CL B (856)   PURCHASE 2015-01   64,337 33,475     30,862  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    CLARK FOUNDATION
    EIN:
    23-7423789
    Name of Bond End of Year Book Value End of Year Fair Market Value
    300,000 APPLE INC 2.85% 307,230 307,230
    250,000 GENERAL ELEC CAP CORP 5.625% 272,650 272,650
    250,000 XEROX CORP GLB 6.350% 267,275 267,275
    75,000 XEROX CORP ORIGINAL UNIT 80,183 80,183
    250,000 JP MORGAN CHASE & CO 4.250% 265,210 265,210
    250,000 ALCOA INC 5.400% 243,125 243,125
    300,000 APPLIED MATERIALS INC 4.300% 320,151 320,151
    250,000 AT&T INC 5.500% 267,248 267,248
    250,000 BOTTLING GROUP LLC 5.500% 252,810 252,810
    300,000 CATERPILLAR INC 1.500% 300,519 300,519
    300,000 CHEVRON CORP 2.355% 286,467 286,467
    300,000 CELGENE CORP 3.25% 297,621 297,621
    250,000 UNITEDHEALTH GROUP INC 2.875 249,680 249,680
    300,000 DEERE & COMPANY 323,826 323,826
    300,000 GOLDMAN SACHS GROUP 300,762 300,762
    300,000 INTERNATIONAL BUSINESS 370,962 370,962
    330,000 TARGET CORP 316,713 316,713
    300,000 USD VODAFONE GROUP 297,117 297,117
    300,000 HEWLETT PACKARD CO 2.600%    
    300,000 USD SIMON PROP GROUP 5.100%    

    TY 2015 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 508,410 508,410
    3,405 SH AETNA INC COM 368,149 368,149
    460 SH ALLEGHENY CORP 219,848 219,848
    3,400 SH ALLSTATE CORP COM 211,106 211,106
    4,754 AMDOCS LIMITED 259,426 259,426
    2,385 SH AMGEN INC COM 387,157 387,157
    4,270 SH APPLE INC 423,142 423,142
    10,265 SH ARCHER DANIELS MIDLAND 284,820 284,820
    7,540 SH AT&T INC 259,451 259,451
    6,630 SH AVNET INC 284,029 284,029
    14,170 SH BG GROUP PLC 205,748 205,748
    6,260 SH BWX TECHNOLOGIES 198,880 198,880
    3,130 SH BABCOCK (THE) AND WILCOX C 65,323 65,323
    2,610 SH BECTON DICKINSON & COMPANY 402,175 402,175
    5,950 SH BED BATH & BEYOND 287,088 287,088
    629 SH BLACKROCK INC 214,187 214,187
    2,265 SH BUNGE LIMITED 154,652 154,652
    2,074 SH CHEVRON CORP 186,577 186,577
    2,515 SH CONOCOPHILLIPS 117,425 117,425
    6,275 SH CSX CORP 162,836 162,836
    13,290 SH DISCOVERY COMM 335,174 335,174
    14,640 SH EMC CORPORATION MASS 375,955 375,955
    3,805 SH EMERSON ELEC CO COM 181,993 181,993
    7,575 SH EPIQ SYSTEMS INC. 99,005 99,005
    2,455 EXXON MOBIL CORP 191,367 191,367
    6,000 SH FIRST INTERSTATE BANCSYSTEM 174,420 174,420
    15,870 SH GENERAL ELEC CO COM 494,351 494,351
    8,260 SH GLOBAL PMTS INC GEORGIA 532,853 532,853
    5,194 SH IAC INTERACTIVE CORP 311,900 311,900
    12,885 SH INTEL CORP COM 443,888 443,888
    6,455 SH JOHNSON CONTROLS INC 254,908 254,908
    7,530 SH JP MORGAN CHASE & CO 497,206 497,206
    22,575 SH KEYCORP NEW COM 297,764 297,764
    1,865 SH MCKESSON CORP 367,834 367,834
    4,035 SH MCDONALDS CORP 476,695 476,695
    7,975 SH MERCK & CO INC COM 421,240 421,240
    12,775 SH MICROSOFT CORP COM 708,757 708,757
    9,200 SH MORGAN STANLEY 292,652 292,652
    8,000 SH PACIFIC CONTINENTAL CORP 119,040 119,040
    1,907 SH PHILLIPS 66 155,993 155,993
    13,060 SH PFIZER INC 421,577 421,577
    4,685 SH PNC BK CORP COM 446,527 446,527
    2,515 SH RAYTHEON COMPANY 313,193 313,193
    3,445 SH ROYAL DUTCH SHELL PLC ADR A 157,747 157,747
    5,010 QUALCOMM INC 250,425 250,425
    840 SH SCHLUMBERGER LTD COM 58,590 58,590
    13,710 SH SOUTHWEST AIRLINES 590,353 590,353
    20,920 SH STAPLES INC 106,632 106,632
    4,220 SH STATE STREET CORP 280,039 280,039
    9,325 SH TRIMBLE NAV LTD 200,021 200,021
    6,275 SH TE CONNECTIVITY LTD 405,428 405,428
    2,275 SH THE HOWARD HUGHES CORP 257,439 257,439
    2,500 SH TIME WARNER INC 161,675 161,675
    6,310 SH URBAN OUTFITTERS 208,618 208,618
    6,245 SH US BANCORP 266,474 266,474
    3,800 SH WAL MART STORES INC COM 434,617 434,617
    16,800 SH WESTERN UNION CO 300,888 300,888
    19,690 SH BROCADE COMMUNICATIONS    
    8,910 SH CORNING INC    
    3,800 SH DEVON ENERGY CORP    
    425 SH GRAHAM HOLDINGS CO    
    2,810 SH L-3 COMMUNICATIONS HLDS    
    3,356 SH MOLSON COORS BREWING-B    
    2,440 SH NATIONAL-OILWELL VARCO INC    
    11,000 SH PEOPLES UNITED FINANCIAL    
    2,880 SH TRIUMPH GROUP INC    
    2,115 SH XCEL ENERGY INC    
    1,785 SH ZIMMER HOLDINGS INC    

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    CLARK FOUNDATION
    EIN:
    23-7423789
    US Government Securities - End of Year Book Value:

    4,561,415
    US Government Securities - End of Year Fair Market Value:

    4,561,415
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    CLARK FOUNDATION
    EIN:
    23-7423789
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    6,621 SH VANGUARD MSCI EUROPEAN FMV 330,255 330,255
    3,319 ISHARES TR RUSSELL 2000 FMV 373,786 373,786
    3,590 SH ISHARES INC CORE MSCI FMV 141,410 141,410

    TY 2015 LegalFeesSchedule
    Name:
    CLARK FOUNDATION
    EIN:
    23-7423789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,238      


    TY 2015 OtherDecreasesSchedule
    Name:
    CLARK FOUNDATION
    EIN:
    23-7423789
    Description Amount
    UNREALIZED (LOSS) ON INVESTMENTS 1,821,799


    TY 2015 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 204      
    LICENSES AND PERMITS 50      
    BROKERAGE FEE 355 355    
    WEB HOSTING 288      
    MEALS AND ENTERTAINMENT 1,850      


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CLARK FOUNDATION
    EIN:
    23-7423789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEE 117,446 117,446    
    ADMINISTRATIVE FEE 3,000      


    TY 2015 TaxesSchedule
    Name:
    CLARK FOUNDATION
    EIN:
    23-7423789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN DIVIDEND TAX 2,195 2,195    
    STATE TAXES 1,200      
    FEDERAL INCOME TAX 18,735