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

54-1640751
B Telephone number (see instructions)

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

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,002,886J 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      
4 Dividends and interest from securities... 100,774 100,774  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 293,453
b Gross sales price for all assets on line 6a 1,636,518
7 Capital gain net income (from Part IV, line 2)... 293,453
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 14,424 14,424  
12 Total. Add lines 1 through 11........ 408,651 408,651  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 54,000 40,500   13,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 300 150   150
b Accounting fees (attach schedule)....... Click to see attachment 5,225 3,919   1,306
c Other professional fees (attach schedule).... Click to see attachment 62,882 62,882   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 18,016 2,650   12
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 15,711 14,711   1,000
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 156,134 124,812   15,968
25 Contributions, gifts, grants paid....... 355,361 355,361
26 Total expenses and disbursements. Add lines 24 and 25 511,495 124,812   371,329
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -102,844
b Net investment income (if negative, enter -0-) 283,839
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.............      
2 Savings and temporary cash investments......... 65,818 61,542 61,542
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,445,055 Click to see attachment4,478,266 4,645,985
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,345,925 Click to see attachment1,207,507 1,295,359
14 Land, buildings, and equipment: basis bullet8,257
Less: accumulated depreciation (attach schedule) bullet8,257      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,856,798 5,747,315 6,002,886
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 5,856,798 5,747,315
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 5,856,798 5,747,315
31 Total liabilities and net assets/fund balances (see instructions). 5,856,798 5,747,315
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,856,798
2
Enter amount from Part I, line 27a .....................
2
-102,844
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,256
4
Add lines 1, 2, and 3 ..........................
4
5,756,210
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,895
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
5,747,315
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.)
1 a PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,579,670   1,343,065 236,605
b 56,848     56,848
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       236,605
b       56,848
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 2 293,453
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 163,689 6,531,474 0.025062
2013 376,773 6,553,987 0.057488
2012 394,393 6,387,659 0.061743
2011 446,468 6,627,266 0.067368
2010 425,656 6,628,077 0.064220
2
Total of line 1, column (d) .....................
20.275881
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
0.055176
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
6,381,794
5
Multiply line 4 by line 3......................
5
352,122
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,838
7
Add lines 5 and 6........................
7
354,960
8
Enter qualifying distributions from Part XII, line 4.............
8
371,329
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 2,838
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,838
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,838
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 8,720
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 8,720
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 5,882
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,882 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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
     
     
    Website addressbulletN/A
    14
    The books are in care ofbulletGILBERT BARTLETT PRESIDENT Telephone no.bullet (757) 229-1910

    Located atbullet809 RICHMOND ROADWILLIAMSBURGVA ZIP+4bullet23185
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 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
    GILBERT A BARTLETT PRESIDENT/DIRECTOR
    3.75     		18,000 0 0
    809 RICHMOND ROAD
    WILLIAMSBURG,VA23185
    JOSEPH W MONTGOMERY TREASURER/DIRECTOR
    3.75     		18,000 0 0
    809 RICHMOND ROAD
    WILLIAMSBURG,VA23185
    L ALVIN GARRISON SECERTARY/DIRECTOR
    3.75     		18,000 0 0
    809 RICHMOND ROAD
    WILLIAMSBURG,VA23185
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE GLADYS AND FRANKLIN CLARK FOUNDATION MAKES GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONS AND DOES NOT CARRY ON CHARITABLE ACTIVITIES DIRECTLY 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    6,282,203
    b
    Average of monthly cash balances.......................
    1b
    196,776
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,478,979
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,478,979
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    97,185
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,381,794
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    319,090
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    319,090
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,838
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,838
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    316,252
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    316,252
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    316,252
    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
    371,329
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    371,329
    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
    2,838
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    368,491
    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 7 316,252
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 99,324
    b From 2011...... 118,981
    c From 2012...... 79,332
    d From 2013...... 56,590
    e From 2014......  
    fTotal of lines 3a through e........ 354,227
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 371,329
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 316,252
    e Remaining amount distributed out of corpus 55,077
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 409,304
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		99,324
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		309,980
    10 Analysis of line 9:
    a Excess from 2011.... 118,981
    b Excess from 2012.... 79,332
    c Excess from 2013.... 56,590
    d Excess from 2014....  
    e Excess from 2015.... 55,077
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    COLONIAL WILLIAMSBURG FOUNDATION
    PO BOX 1776
    WILLIAMSBURG,VA23187     		NONE PUBLIC ENCOURAGES AUDIENCES TO LEARN FROM THE PAST THROUGH PRESENTATION OF 18TH-CENTURY WILLIAMSBURG 278,243
    WILLIAMSBURG REGIONAL LIBRARY FOUNDATION
    7770 CROAKER ROAD
    WILLIAMSBURG,VA23188     		NONE PUBLIC SUPPORTS WILLIAMSBURG REGIONAL LIBRARY, SECURING FUTURE LEARNING AND LITERACY IN THE COMMUNITY 50,000
    DREAM CATCHERS
    10120 FIRE TOWER ROAD
    TOANO,VA23168     		NONE PUBLIC PROVIDES THERAPEUTIC RIDING FOR INDIVIDUALS WITH PHYSICAL, EMOTIONAL AND DEVELOPMENTAL NEEDS 27,118
    Total .................................bullet 3a 355,361
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    4 Dividends and interest from securities....     14 100,774  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....     14 14,424  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 293,453  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 408,651 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13408,651
    (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:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 5,225 3,919   1,306

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EATON VANCE EMERGING MKT LOCAL INCOME FUND 170,836 108,857
    RS INVT TR EMERGING MKT FUND 272,902 216,724
    PIMCO PAC INVT MGMT SER EMERGING MKTS BOND FUND 157,596 129,091
    TEMPLETON DEVELOPING MKTS TR 359,458 219,195
    ADVISORY BOARD CO 3,817 3,622
    AKORN INC 1,109 1,381
    ALBANY INTERNATIONAL CORP 2,785 2,851
    ALTRA INDUSTRIAL MOTION CORP 3,501 3,185
    AMERICAN EQUITY INVESTMENT LIFE HOLDING 3,900 5,022
    APOGEE ENTERPRISES INC 3,019 2,567
    ASTORIA FINACIAL CORP 1,451 3,344
    BELDEN INC 1,212 906
    BRISTOW GROUP INC 6,094 2,953
    BRUNSWICK CORP 12,823 11,971
    BURLINGTON STORES INC 4,787 4,848
    CABOT CORP 2,976 2,657
    CABOT MICROELECTRONICS CORP 4,641 4,947
    CANTEL MEDICAL CORP 6,539 9,632
    CARDINAL FINANCIAL CORP 3,707 3,413
    CARDTRONICS INC 7,615 7,268
    CARRIZO OIL & GAS INC 910 680
    CASH AMERICA INTERNATIONAL INC. 2,950 4,403
    CAVIUM INC 1,226 1,314
    CENTENE CORP 3,079 8,226
    CHARLES RIVER LABORATORIES 5,467 6,029
    CHECKPOINT SYSTEMS INC 2,427 1,078
    CHIMERIX INC 316 72
    COHERENT INC 4,273 4,883
    CORE LABORATORIES INC 2,366 6,307
    COWEN GROUP INC 1,871 1,566
    CROCS INC 1,085 1,116
    CYPRESS SEMICONDUCTOR CORP 2,238 2,070
    DIAMONDBACK ENERGY INC 3,853 3,278
    DORMAN PRODUCTS INC 529 522
    EATON VANCE CORP 2,531 3,146
    ELECTRONICS FOR IMAGING INC 4,624 4,487
    ENERSYS INC 2,582 6,544
    ENTEGRIS INC 5,108 6,967
    EPIQ SYSTEMS INC 2,514 2,117
    EURONET WORLDWIDE INC 1,112 1,231
    EVERBANK FINANCIAL CORP 3,983 3,643
    EVERCORE PARTNERS INC 4,964 4,704
    EVERI HOLDINGS INC 597 606
    EXPRESS INC 3,037 2,782
    FIRST BANCORP P R 9,742 6,997
    FIRST POTOMAC REALTY 4,192 3,648
    FLAMEL TECHNOLOGIES 637 488
    FLIR SYSTEMS INC. 4,943 4,604
    FRANKLIN ELECTRIC INC 5,111 5,514
    FTI CONSULTING INC 844 797
    GATX CORP 5,714 4,808
    GLOBAL PAYMENTS, INC. 2,473 10,902
    GLOBUS MEDICAL INC 1,589 1,669
    GRAND CANYON EDUCATION INC 7,071 7,061
    H & E EQUIPMENT SERIVCES INC 12,820 10,977
    HANCOCK HOLDING CO 3,075 2,567
    HEARTLAND PAYMENT SYS INC 5,806 7,301
    HEXCEL CORP 7,345 10,405
    HORACE MANN EDUCATORS 2,568 3,019
    HORIZON PHARMA PLC 2,157 2,145
    INC RESEARCH HOLDINGS INC 5,444 5,821
    INFORMATION SERVICES GROUP III 2,478 2,291
    INTEGRATED DEVICE TECH 813 817
    INVESTAR HOLDING CORP 621 669
    IONIS PHARMACEUTICALS INC 3,181 3,468
    KONA GRILL INC 1,606 1,697
    LITTELFUSE INC 3,110 6,100
    MADDEN STEVEN LTD 3,630 3,294
    MANHATTAN ASSOCIATES INC 2,482 2,581
    MANTECH INTERNATIONAL CORP 4,162 4,234
    MARINEMAX INC 7,306 8,639
    MASIMO CORP 3,440 3,362
    MAXIMUS INC 4,314 4,669
    MDC PARTNERS INC 9,422 10,252
    MEDICAL PROPERTIES TRUST 2,894 3,890
    MEDNAX INC 3,273 8,384
    MERITAGE HOMES CORP 2,748 3,705
    MGIC INVESTMENT CORP 11,242 10,349
    MOLINA HEALTHCARE INC 11,818 13,890
    MONOLITHIC POWER SYSTEMS INC 5,129 8,919
    MOOG INC 2,367 4,606
    MUELLER WATER PRODUCTS INC 5,584 5,143
    NEWPARK RESOURCES INC 2,196 1,816
    NUVASIVE INC 3,041 3,193
    NXSTAGE MEDICAL INC 2,481 2,695
    ON ASSIGNMENT INC 11,388 12,092
    ONEOK INC 695 1,381
    OSI SYS INC 6,502 8,334
    PHARMERICA CORP 1,549 1,610
    POOL CORP 975 969
    PRIVATEBANCORP INC 3,326 3,036
    PROOFPOINT INC 2,937 3,186
    PTC INC 827 797
    QLIK TECHNOLOGIES INC 1,363 1,330
    RAYMOND JAMES FINANCIAL 3,447 6,898
    RED ROBIN GOURMET BURGERS INC 2,189 2,037
    REINSURANCE GROUP OF AMERICA 1,852 5,475
    SANMINA CORP 3,169 3,499
    SBA COMMUNICATIONS CORP 1,415 6,304
    SCOTTS MIRACLE GRO 4,517 5,806
    SNAP-ON INC. 3,002 11,829
    SONIC CORP 6,663 7,593
    SOUTH JERSEY IND INC 3,336 3,599
    SPS COMMERCE INC 5,293 5,547
    SS&C TECHNOLOGIES HOLDINGS 8,449 8,124
    STATE AUTO FINANCIAL CORP 2,185 1,585
    STATE BANK FINANCIAL CORP 2,751 2,524
    STIFEL FINANCIAL CORP 4,087 4,405
    SUPERIOR ENERGY SERVICES INC 5,382 4,647
    TAL INTERNATIONAL GROUP 3,140 1,336
    TEAM HEALTH HOLDINGS INC 7,526 5,618
    TELEDYNE TECHNOLOGIES INC 2,249 4,790
    TIMKEN COMPANY 4,185 4,060
    TRIBUNE PUBLISHING CO 2,873 2,609
    TRUEBLUE INC 9,122 7,857
    TRUSTMARK CORP 3,289 3,548
    UNITED BANKSHARES INC 2,882 4,106
    UNITED FIRE GROUP INC 3,132 5,325
    UNITED NATURAL FOODS INC 4,970 3,109
    VALSPAR CORP 2,721 8,378
    WAGEWORKS INC 5,028 5,036
    WESBANCO INC 3,237 2,882
    WGL HOLDINGS INC. 3,554 6,740
    WNS HOLDINGS LTD 6,045 5,770
    YADKIN FINANCIAL CORP 1,289 1,284
    BLAIR WILLIAM FUNDS 168,844 222,270
    COHEN & STEERS REALTY SHARES INC. 82,893 127,188
    DODGE & COX INCOME FUND 625,695 602,976
    DODGE & COX INTL STK FUND 224,672 252,024
    EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND 129,513 121,168
    JP MORGAN CORE BOND FUND 505,442 517,732
    PRINCIPAL INVST FUNDS HIGH YIELD FD 126,541 115,351
    T ROWE PRICE MID CAP GROWTH FUND 175,188 234,250
    TOUCHSTONE VID CAP VALUE FUND 214,694 196,931
    ABBOTT LABORATORIES 5,411 8,443
    ABBVIE INC 6,861 9,656
    ACE LIMITED 11,585 13,087
    AIR PRODUCTS & CHEMICALS INC 3,689 5,074
    ALEXION PHARMACEUTICALS INC 5,183 5,723
    ALPHABET INC NON VOTING CAP STOCK 4,953 6,071
    ALTRIA GROUP INC. 3,844 11,875
    AMERICAN EXPRESS COMPANY 9,826 9,111
    ANHEUSER BUSCH INBEV SA 7,863 8,875
    APPLE INC. 11,129 22,841
    ASML HOLDING NV 5,259 4,882
    AUTOMATIC DATA PROCESSING 1,232 2,796
    BLACKROCK INC 5,327 7,832
    CANADIAN PACIFIC RAILWAY LTD 3,886 3,956
    CELGENE CORP 6,274 7,545
    CHEVRON CORPORATION 12,133 14,843
    COCA-COLA COMPANY 13,178 19,074
    COMCAST CORP 9,520 10,778
    CONOCOPHILLIPS 6,540 8,124
    DIAGEO PLC 5,432 5,126
    DISNEY WALT CO 7,468 11,349
    EXXON MOBIL CORP 16,934 20,345
    FACEBOOK INC 11,060 12,769
    FRANKLIN RESOURCES INC. 6,312 5,707
    GILEAD SCIENCES INC 4,073 5,262
    INTERCONTINENTALEXCHANGE INC 5,450 5,894
    INTERNATIONAL BUSINESS MACHINE CORP 9,245 7,156
    JP MORGAN CHASE & CO 9,178 15,979
    LAUDER ESTEE COS INC. 2,179 9,863
    MCDONALDS CORP 6,250 10,987
    MICROSOFT CORP 5,174 6,602
    NESTLE S A REG 7,170 14,586
    NIKE INC 5,146 5,750
    NOVARTIS AG 6,874 7,400
    NOVO NORDISK 3,868 12,894
    OCCIDENTAL PETE CORP 11,505 9,195
    ORACLE CORP 3,680 4,566
    PEPSICO INCORPORATED 5,044 9,792
    PHILIP MORRIS INTERNATIONAL INC. 15,325 27,076
    PRAXAIR INC. 4,865 6,656
    PROCTOR & GAMBLE CO. 5,873 7,226
    QUALCOMM INC. 4,645 4,799
    ROCHE HOLDINGS LTD 8,399 10,824
    SABMILLER PLC ADR 5,021 6,413
    STATE STREET CORP 8,360 7,631
    TARGET CORP 3,995 5,301
    TEXAS INSTRUMENTS INC 7,122 11,017
    TOTAL SA SPONS 6,012 5,259
    TWENTY-FIRST CENTURY FOX 6,946 7,659
    UNION PACIFIC CORP 6,867 5,396
    UNITED TECHNOLOGIES CORP 7,304 8,839
    VERISIGN INC 2,823 3,494
    VISA INC 5,740 6,514
    WALGREENS BOOTS ALLIANCE INC 2,587 6,216
    WELLS FARGO COMPANY 6,742 7,882
    XILINX INC 1,873 2,630
    ACE LIMITED 6,182 7,478
    ADVANCE AUTO PARTS 3,439 2,709
    ALPHABET INC VOTING CAP STOCK 9,429 17,894
    ALPHABET INC NON VOTING CAP STOCK 10,554 19,731
    AMAZON.COM INC 16,272 35,146
    AMERICAN EXPRESS COMPANY 19,419 26,846
    APACHE CORP 6,705 6,226
    BANK NEW YORK MELLON CORP 19,101 32,358
    BERKSHIRE HATHAWAY INC. 18,432 28,125
    CABOT OIL & GAS 11,699 6,758
    CAPITAL ONE FINANCIAL CORP 5,839 5,197
    CARMAX INC 6,759 7,934
    CITIZENS FINANCIAL GROUP INC 6,385 6,809
    COSTCO WHSL COPR 7,137 19,219
    DIAGEO PLC 7,741 11,998
    ECOLAB INC 7,296 8,235
    ENCANA CORP 13,520 5,121
    EOG RESOURCES INC. 5,440 7,575
    EXPRESS SCRIPTS HOLDING CO 9,218 11,800
    FACEBOOK INC 5,609 5,652
    JOHNSON CONTROLS INC 8,826 7,740
    JPMORGAN CHASE & CO 17,082 20,469
    LABORATORY CORP OF AMERICA HOLDINGS 6,557 8,655
    LAS VEGAS SANDS CORP 14,918 9,469
    LIBERTY GLOBAL PLC LILAC SHS 878 903
    LIBERTY GLOBAL PLC 13,049 12,678
    LIBERTY INTERACTIVE CORP QVC 2,821 3,224
    LOEWS CORPORATION 6,086 8,102
    MICROSOFT CORP 4,610 7,934
    MONSANTO CO 16,471 17,635
    MOODY'S CORP 3,731 4,616
    OCCIDENTAL PETE CORP 10,142 9,330
    ORACLE CORP 3,947 4,639
    PACCAR INC 7,668 6,968
    PRAXAIR INC. 14,548 11,264
    PRICELINE GROUP INC 8,028 8,925
    QUEST DIAGNOSTICS INC 5,985 7,185
    SCHWAB CHARLES CORP 6,903 9,286
    TEXAS INSTRUMENTS INC 9,075 18,471
    ULTRA PETROLEUM CORP 10,224 1,007
    UNITED TECHNOLOGIES CORP 17,799 17,293
    UNITEDHEALTH GROUP INC 9,782 15,411
    VALEANT PHARMACEUTICALS INTERNATIONAL INC 9,167 9,962
    VISA INC 6,308 10,857
    WELLS FARGO COMPANY 9,949 33,975

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GRAHAM ALTERNATIVE INVESTMENT FUND AT COST 225,061 225,155
    ABBEY CAPITAL MULTI-MANAGER FUND LTD AT COST 223,502 223,102
    GAI AGILITY INCOME FUND AT COST 300,000 334,224
    GAI CORBIN MULTI STRATEGY FUND AT COST 305,660 347,619
    GAI AURORA OPPORTUNIES FUND AT COST 153,284 165,259

    TY 2015 LegalFeesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 300 150   150


    TY 2015 OtherDecreasesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Description Amount
    UNREALIZED LOSS ON GRAHAM ALTERNATIVE INVESTMENT FUND 7,511
    BROKER ADJUSTMENT TO COST 1,384


    TY 2015 OtherExpensesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 750 375   375
    INSURANCE 1,250 625   625
    ABBEY CAPITAL K-1 13,711 13,711   0


    TY 2015 OtherIncomeSchedule2
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ABBEY CAPITAL MULTI-MANAGER FUND LTD 1,668 1,668 1,668
    FIRST CLEARING LLC 12,756 12,756 12,756


    TY 2015 OtherIncreasesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Description Amount
    UNREALIZED GAIN ON ABBEY CAPITAL MULTI MANAGER FUND 2,256


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MENTOR INVESTMENT ADVISORY FEES 62,882 62,882   0


    TY 2015 TaxesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES AND LICENSES 25 13   12
    FOREIGN TAXES PAID 2,637 2,637   0
    2014 EXCISE TAX 15,354 0   0