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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
The Clements Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

06-1480882
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$1,790,290J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 354 354  
4 Dividends and interest from securities... 20,465 20,465  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 138,370
b Gross sales price for all assets on line 6a 681,713
7 Capital gain net income (from Part IV, line 2)... 141,584
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........ 159,189 162,403  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 14,416 14,416    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,182 1,382    
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 14,153 477   13,676
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 31,751 16,275   13,676
25 Contributions, gifts, grants paid....... 205,000 205,000
26 Total expenses and disbursements. Add lines 24 and 25 236,751 16,275   218,676
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -77,562
b Net investment income (if negative, enter -0-) 146,128
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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......... 99,647 56,265 56,265
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)....... 1,246,716 Click to see attachment1,250,536 1,734,025
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 38,000    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,384,363 1,306,801 1,790,290
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 Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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 1,384,363 1,306,801
30 Total net assets or fund balances (see instructions)..... 1,384,363 1,306,801
31 Total liabilities and net assets/fund balances (see instructions). 1,384,363 1,306,801
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
1,384,363
2
Enter amount from Part I, line 27a .....................
2
-77,562
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,306,801
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,306,801
Form 990-PF (2018)
Form 990-PF (2018)
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
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 681,713   540,129 141,584
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       141,584
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 2 141,584
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))
2017 341,958 2,179,852 0.156872
2016 328,183 2,151,746 0.152519
2015 204,367 2,352,367 0.086877
2014 154,793 2,390,902 0.064743
2013 223,005 2,340,746 0.095271
2
Total of line 1, column (d) .....................
2
0.556282
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.111256
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
2,059,612
5
Multiply line 4 by line 3......................
5
229,144
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,461
7
Add lines 5 and 6........................
7
230,605
8
Enter qualifying distributions from Part XII, line 4,.............
8
218,676
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 2,923
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 2,923
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 2,923
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,879
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,044
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,923
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT
    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 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    Ben Clements Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Jeffrey Clements Dir,Pres,Chairperson of Board
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John Clements Dir, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Marilyn Clements Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Paula Clements Sager Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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
     
    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  
    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.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    1,996,767
    b
    Average of monthly cash balances.......................
    1b
    94,210
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,090,977
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,090,977
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    31,365
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,059,612
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    102,981
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    102,981
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,923
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,923
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    100,058
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    38,000
    5
    Add lines 3 and 4............................
    5
    138,058
    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
    138,058
    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
    218,676
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    218,676
    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
    218,676
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 138,058
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 106,635
    b From 2014...... 52,054
    c From 2015...... 87,167
    d From 2016...... 222,028
    e From 2017...... 234,607
    fTotal of lines 3a through e........ 702,491
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 218,676
    a Applied to 2017, but not more than line 2a  
    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 2018 distributable amount..... 138,058
    e Remaining amount distributed out of corpus 80,618
    5 Excess distributions carryover applied to 2018.    
    (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 5 783,109
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		106,635
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		676,474
    10 Analysis of line 9:
    a Excess from 2014.... 52,054
    b Excess from 2015.... 87,167
    c Excess from 2016.... 222,028
    d Excess from 2017.... 234,607
    e Excess from 2018.... 80,618
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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).)
    Marilyn Clements
    Paula Clements Sager
    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 (2018)
    Form 990-PF (2018)
    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 PROMISE INC
    33 BRADFORD ST
    CONCORD,MA01742     		N/A PC General & Unrestricted 25,000
    APPALACHIAN MOUNTAIN CLUB
    10 CITY SQ
    BOSTON,MA02129     		N/A PC A Mountain Classroom Program 25,000
    CENTER FOR CONTEMPLATIVE MIND IN SOCIETY INC
    296 NONOTUCK ST STE 5
    FLORENCE,MA01062     		N/A PC General & Unrestricted 20,000
    FREE SPEECH FOR PEOPLE INC
    505 W 38TH ST UNIT A4
    AUSTIN,TX78705     		N/A PC General & Unrestricted 50,000
    INSTITUTE OF NOETIC SCIENCES
    625 2ND ST STE 200
    PETALUMA,CA94952     		N/A PC General & Unrestricted 20,000
    ORION SOCIETY
    187 MAIN ST
    GREAT BARRINGTON,MA01230     		N/A PC General & Unrestricted 15,000
    SUMMER SEARCH BOSTON
    3840 WASHINGTON ST STE 2
    JAMAICA PLAIN,MA02130     		N/A PC General & Unrestricted 25,000
    SUMMER SEARCH NEW YORK CITY
    90 BROAD ST STE 701
    NEW YORK,NY10004     		N/A PC General & Unrestricted 25,000
    Total .................................bullet 3a 205,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 ...........     		    14 354  
    4 Dividends and interest from securities....     14 20,465  
    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 ............     		    18 138,370  
    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)..   159,189  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    159,189
    (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 (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2018 DepreciationSchedule
    Name:
    The Clements Foundation Inc
    EIN:
    06-1480882
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Clements Foundation Inc
    EIN:
    06-1480882
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2U INC 1,551 1,293
    ACCENTURE PLC 3,253 5,358
    ACI WORLDWIDE INC 1,048 1,356
    ACTIVISION BLIZZARD INC 5,882 5,449
    ACUITY BRANDS INC 1,942 1,150
    ADIDAS AG 3,503 3,130
    ADVANCED ENERGY IND INC 680 730
    AEGON N V ORD AMER REG 1,838 1,691
    AIA GROUP LTD ADR 11,377 13,185
    ALEXION PHARMACEUTICALS, INC 8,243 6,718
    ALFA LAVAL AB 4,797 4,365
    ALIBABA GROUP HOLDING LTD 2,132 1,645
    ALLIANZ SE ADR 11,855 10,372
    ALPHABET INC CL A 4,540 8,360
    ALPHABET INC CL C 12,288 17,605
    ALTABA INC 3,339 4,577
    AMAZON COM 9,499 21,028
    AMBEV SA 5,062 4,143
    AMERICA MOVIL SA 1,385 1,382
    AMERIPRISE FINANCIAL INC 4,968 5,427
    ANADARKO PETROLEUM CORP 2,884 2,718
    ANALOG DEVICES INC 2,313 2,317
    ANSYS INC 1,387 2,430
    ANTHEM INC 3,340 5,515
    APPLE INC 6,415 9,780
    APPLIED MATERIALS INC 5,446 3,078
    APTIV PLC 3,392 2,217
    ARCH CAPITAL GROUP LTD 114,445 475,455
    ARRAY BIOPHARMA INC 853 770
    ARROWHEAD PHARMACEUTICALS INC 860 807
    ASPEN PHARMACARE HOLDINGS LTD 4,331 1,810
    ATLAS COPCO AB A SHS ADR 5,463 3,135
    AUTOLIV INC 892 843
    AXALTA COATING SYSTEMS LTD 1,733 1,241
    BAIDU.COM - ADR 10,368 7,930
    BANCO BILBAO ARG SA 8,358 5,375
    BANCO ITAU HOLDING FINANCIERA 6,055 5,301
    BAYERISCHE MOTOREN WERKE AG AD 4,386 3,425
    BEACON ROOFING SUPPLY, INC 673 761
    BEIGENE LTD 1,374 1,122
    BERKSHIRE HATHAWAY INC. CLASS 9,649 13,476
    BERRY PLASTICS GROUP INC 1,426 1,426
    BIC 988 1,040
    BLACKROCK INC 6,764 5,499
    BLUEBIRD BIO INC 1,831 1,488
    BOOKING HOLDINGS INC 13,193 15,502
    BRIGHT HORIZONS FAMILY SOLUTIO 1,295 1,226
    BROADCOM INC 3,985 4,068
    BROADRIDGE FINANCIAL 1,934 2,695
    CABLE ONE INC 1,476 1,640
    CANADIAN NATL RAILWAY CO 11,563 12,006
    CARMAX INC 7,445 9,096
    CARREFOUR S.A 4,449 3,072
    CEMEX SA DE CV A ADS 2,447 1,769
    CHARLES SCHWAB CORP 8,437 12,459
    CHECK POINT SOFTWARE TECHNOLOG 8,645 8,623
    CHEMED CORP 1,036 2,833
    CHEVRON CORP 3,670 4,787
    CHINA MOBILE HGK LTD 2,757 2,448
    CME GROUP, INC 6,088 6,772
    COMPAGNIE DE SAINT G 2,507 2,003
    CONAGRA FOODS INC 5,465 3,268
    CORNERSTONE ONDEMAND 1,075 1,009
    COSTAR GROUP, INC 1,411 3,036
    CREDIT SUISSE GROUP ADR 2,984 2,323
    CRH PLC - AMERICAN DEPOSITARY 2,115 1,792
    CROWN CASTLE INTL 11,680 12,601
    DAI NIPPON PRINTING LTD JAPANS 1,681 1,754
    DASSAULT SYS SA SPN ADR 6,548 5,985
    DBS GROUP HLDGS SPON ADR 6,148 8,297
    DELTA AIR LINES INC 4,241 4,092
    DEXCOM, INC 3,433 8,266
    DOLBY LABORATORIES 1,371 1,979
    DUNKIN' BRANDS GROUP INC 1,372 1,667
    EBAY INC 1,199 1,319
    ECOLAB INC 2,125 3,094
    EDWARDS LIFESCIENCES 3,043 8,884
    EMCOR GROUP INC 2,737 2,567
    ENERSIS CHILE S.A 1,371 1,247
    ENTEGRIS INC MINNESOTA 806 1,702
    ENVESTNET INC 1,318 1,082
    ETSY INC 1,092 1,142
    EVERCORE PARTNERS INC 895 859
    EVOLENT HEALTH INC 1,360 1,177
    EXELIXIS, INC. 1,837 1,711
    EXPONENT, INC 1,146 2,028
    EXXON MOBIL CORP 2,206 3,614
    FACEBOOK INC 18,147 17,697
    FANUC LIMITED UNSPONSORED 10,617 6,476
    FASTENAL COMPANY 1,905 2,353
    FIBRA UNO 3,519 2,316
    FIRST PAC CO LTD SPON ADR 2,074 1,291
    FISERV INC 1,430 3,234
    FOMENTO ECONOMICO MEXICANO 4,908 4,991
    FORTINET INC 1,682 2,465
    FUCHS PETROLUB SE 4,110 3,023
    GLOBANT SA 1,336 1,746
    GRACO INC 2,293 2,260
    GRIFOLS SA REP 1/2 CL B 3,813 3,305
    GRUBHUB INC 394 691
    GRUPO FIN ADR 4,717 3,822
    GUIDEWIRE SOFTWARE INC 2,424 2,648
    HDFC BANK LTD ADR 3,614 3,833
    HEICO CORP 1,091 2,712
    HENRY JACK & ASSOC INC 2,373 2,277
    HENRY SCHEIN INC 1,274 1,099
    HONDA MOTOR CO LTD 1,956 1,825
    HSBC HOLDINGS PLC 969 1,150
    HUAZHU GROUP LTD 1,678 1,890
    IAC/INTERACTIVE CORP 983 2,196
    ICICI BK LTD ADS 3,825 4,188
    ICON PLC - AMERICAN DEPOSITARY 1,070 2,067
    IHS MARKIT LTD 1,874 2,734
    INFINEON TECH ADS 5,389 4,058
    INT'L FLAVORS & FRAGRANCES INC 1,039 1,208
    INTESA SANPAOLO SPA 2,258 1,906
    J SAINSBURY 2,024 1,835
    JACOBS ENGINEERING GP 7,871 7,834
    JAZZ PHARMACEUTICALS INC 1,875 1,488
    JP MORGAN CHASE 8,161 8,981
    KAR AUCTION SERVICES INC 1,088 954
    KINGFISHER PLC 3,104 1,916
    KKR & CO INC 3,497 2,630
    KOMATSU LTD 4,013 3,209
    KUBOTA CORPORATION 4,286 3,452
    L'AIR LIQUIDE ADR OTC 12,208 12,113
    L'OREAL ADR 7,335 7,899
    LEGG MASON INC 1,080 714
    LENNOX INTL INC 1,476 1,532
    LIBERTY MEDIA CORPORATION - SE 1,300 1,105
    LINDE PLC COM 1,024 1,248
    LIVE NATION INC COM 2,222 2,610
    LKQ CORPORATION 1,046 902
    LONZA GROUP AG UNSP/ADR 6,075 5,874
    LOWES COMPANIES INC 6,196 9,790
    LOXO ONCOLOGY INC 834 840
    MARKS & SPENCER GRP ADR 3,630 2,129
    MASTERCARD INC 6,084 13,583
    MAXIMUS INC 766 1,041
    MERCADOLIBRE, INC 928 2,050
    MERCK & CO INC 1,886 2,598
    MICROSOFT CORP 11,905 25,393
    MIDDLEBY CORPORATION 2,338 2,568
    MITSUBISHI TANABE PHARMA CORPO 2,286 1,820
    MITSUBISHI UFJ FINANCIAL GROUP 1,918 1,909
    MOBILE TELSYS OJSC 1,942 1,533
    MORRISON W SUPRMKT PLC 1,960 1,914
    MS&AD INS GROUP ADR 1,914 1,956
    NASPERS LTD N SPONS ADR 9,527 6,901
    NATIONAL INSTRUMENTS CORPORATI 1,517 2,451
    NEOGEN CORPORATION 550 1,026
    NETFLIX INC 1,903 1,338
    NEW ALTERNATIVES FD INC 20,917 23,006
    NEW RELIC INC 1,226 1,134
    NIKE INC-CL B 6,378 7,636
    NISSAN MOTOR LTD ASR 2,652 2,216
    NOKIA 2,327 2,503
    NOMAD FOODS LIMITED 3,688 4,130
    NORDSON CP 1,022 1,671
    NOVOZYMES A/S UNSP/ADR 3,032 2,596
    NUTANIX INC 1,573 2,204
    NVIDIA CORP 1,869 935
    OLD DOMINION FREIGHT LINES 3,832 5,187
    ORANGE 2,417 2,315
    PALO ALTO NETWORKS INC 6,621 7,346
    PARK 24 CO LTD 4,530 3,939
    PAX WORLD GLOBAL GREEN FD INST 129,480 140,020
    PAYCOM SOFTWARE 1,442 1,714
    PAYPAL HOLDINGS, INC 6,689 15,220
    PGT INC 1,217 903
    POSCO 981 989
    POWER INTEGRATIONS, INC 2,175 2,378
    PRESTIGE BRAND HLGS 1,494 1,050
    PROOFPOINT INC 5,825 4,945
    PROTO LABS INC 2,060 3,271
    PTC INC 4,583 6,135
    PUBLICIS GROUPE S.A 2,893 2,322
    QUALYS INC COM 1,352 1,121
    RBC EMERGING MARKETS EQUITY I 95,963 101,395
    RED HAT, INC 4,204 9,133
    REGENERON PHARMACEUTICALS INC 8,319 8,217
    REGIONS FINANCIAL CORP 4,888 5,191
    REINSURANCE GROUP AMER INC 2,355 2,664
    RITCHIE BROS AUCTIONEERS 2,060 2,716
    ROCHE HOLDING LTD ADR 12,692 12,121
    S&P GLOBAL INC COM 6,237 6,118
    SAGE THERAPEUTICS INC 1,811 1,054
    SALESFORCE.COM 8,704 13,834
    SANOFI-AVENTIS SPONSORED ADR 4,029 4,167
    SAP AKTIENGESELL ADS 10,889 10,055
    SBA COMMUNICATIONS CORP 3,805 3,723
    SCHNEIDER ELEC UNSP/ADR 1,129 1,298
    SEMPRA ENERGY COM 3,196 6,059
    SHINHAN FINL GROUP CO LTD 1,320 1,242
    SHIRE PLC 1,310 1,392
    SMITH A O CORP DEL COM 1,410 939
    SNAP ON INC 1,431 1,308
    SONOVA HOLDING AG AD 4,215 4,491
    SPLUNK INC 1,552 2,202
    SPOTIFY TECHNOLOGY SA 6,192 3,973
    STARBUCKS CORP COM 1,822 2,898
    STERIS. PLC 1,680 1,710
    SUMITOMO MITSUI TR HOLDINGS SP 1,936 1,965
    SUPERNUS PHARMACEUTICALS INC 1,251 1,595
    SWATCH GROUP AG 1,697 1,458
    SWISS RE LTD ADR 1,701 1,741
    SYMRISE AG UNSPONSORED 4,840 4,482
    SYSMEX CORP UNSP ASDR 5,566 3,321
    T. ROWE PRICE ASSOCIATES 1,598 2,123
    TAISHO PHARMACEUTICAL 715 935
    TAIWAN SEMICONDUCTOR MFG CO LT 17,951 16,056
    TAKEDA PHARMACEUTICAL COMPANY 1,760 1,480
    TELADOC INC 325 248
    TELECOM ITALIA SPA 3,881 2,719
    TELEFONICA BRASIL, S.A 1,786 1,790
    TEMENOS GROUP AG 3,729 3,032
    TESCO PLC S ADR 2,190 2,181
    THERMO FISHER SCIENTIFIC INC 4,546 7,161
    TJX COMPANIES INC 1,700 2,416
    TOTAL SYSTEMS SERVICES INC 1,251 2,276
    TRACTOR SUPPLY CO COM 1,660 1,836
    TRIPADVISOR LLC 1,356 1,510
    TYLER TECHNOLOGIES, INC 4,839 5,389
    UBS AG 2,058 1,622
    ULTIMATE SOFTWARE GROUP, INC. 3,253 4,408
    UNILEVER PLC AMER 6,755 6,897
    UNITED RENTALS INC 2,669 3,896
    UNITEDHEALTH GROUP INC 14,134 23,666
    VAIL RESORTS INC 2,394 2,319
    VEEVA SYSTEMS INC 1,561 3,126
    VEONEER INC 355 283
    VERISK ANALYTICS, INC 8,843 9,596
    VIKING THERAPEUTICS INC 852 459
    VISA INC 17,350 31,533
    WAL-MART STORES INC 3,267 6,334
    WALGREENS BOOTS ALLIANCE 1,869 1,572
    WALT DISNEY HOLDINGS CO 8,893 10,197
    WEIBO CORPORATION 7,658 4,032
    WELLCARE HEALTH PLANS INC 1,917 1,417
    WEST PHARMA SVCS INC 1,875 1,863
    WESTERN ALLIANCE BANCORPORATIO 1,442 1,145
    WPP PLC 4,229 2,630
    YANDEX N V 2,471 2,516

    TY 2018 OtherExpensesSchedule
    Name:
    The Clements Foundation Inc
    EIN:
    06-1480882
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 13,626     13,626
    Bank Charges 477 477    
    State or Local Filing Fees 50     50


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Clements Foundation Inc
    EIN:
    06-1480882
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 14,416 14,416    


    TY 2018 TaxesSchedule
    Name:
    The Clements Foundation Inc
    EIN:
    06-1480882
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2018 1,800      
    Foreign Tax Paid 1,382 1,382