Form990-PF
Click to see attachment

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 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. 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$5,863,381J 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.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 178,498 178,498  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 304,181
b Gross sales price for all assets on line 6a 735,838
7 Capital gain net income (from Part IV, line 2)... 304,181
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 339 339  
12 Total. Add lines 1 through 11........ 483,018 483,018  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 54,000 40,500   13,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,950 5,213   1,737
c Other professional fees (attach schedule).... Click to see attachment 65,603 65,603   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,569 3,792   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 6,751 5,356   1,395
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 137,873 120,464   16,644
25 Contributions, gifts, grants paid....... 270,000 270,000
26 Total expenses and disbursements. Add lines 24 and 25 407,873 120,464   286,644
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 75,145
b Net investment income (if negative, enter -0-) 362,554
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......... 174,796 78,360 78,360
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)....... 4,329,741 Click to see attachment4,469,411 4,635,707
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).......... 1,128,279 Click to see attachment1,179,561 1,149,314
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) 5,632,816 5,727,332 5,863,381
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........ 5,632,816 5,727,332
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)..... 5,632,816 5,727,332
31 Total liabilities and net assets/fund balances (see instructions). 5,632,816 5,727,332
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
5,632,816
2
Enter amount from Part I, line 27a .....................
2
75,145
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
19,371
4
Add lines 1, 2, and 3 ..........................
4
5,727,332
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
5,727,332
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 SALES OF 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 693,451   431,657 261,794
b 42,387     42,387
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       261,794
b       42,387
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 2 304,181
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 338,819 6,435,981 0.052644
2016 236,200 6,009,284 0.039306
2015 368,491 6,381,794 0.057741
2014 163,689 6,531,474 0.025062
2013 376,773 6,553,987 0.057488
2
Total of line 1, column (d) .....................
2
0.232241
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
0.046448
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
6,476,184
5
Multiply line 4 by line 3......................
5
300,806
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,626
7
Add lines 5 and 6........................
7
304,432
8
Enter qualifying distributions from Part XII, line 4,.............
8
286,644
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 7,251
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 7,251
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 7,251
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 2883 7 5,883
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,368
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$ 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 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 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 —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
     
    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 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
    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
    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
    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 (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
    6,481,238
    b
    Average of monthly cash balances.......................
    1b
    93,568
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,574,806
    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
    6,574,806
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    98,622
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,476,184
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    323,809
    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
    323,809
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    7,251
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,251
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    316,558
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    316,558
    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
    316,558
    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
    286,644
    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
    286,644
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    286,644
    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 7 316,558
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 56,590
    b From 2014......  
    c From 2015...... 55,077
    d From 2016......  
    e From 2017...... 22,984
    fTotal of lines 3a through e........ 134,651
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 286,644
    a Applied to 2017, 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 2018 distributable amount..... 286,644
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 29,914 29,914
    (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 5 104,737
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		26,676
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		78,061
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 55,077
    c Excess from 2016....  
    d Excess from 2017.... 22,984
    e Excess from 2018....  
    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).)
    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
    JAMESTOWN YORKTOWN FOUNDATION INC
    PO BOX 1607
    WILLIAMSBURG,VA23187     		NONE PUBLIC OPERATES JAMESTOWN SETTLEMENT & YORKTOWN VICTORY CENTER DEPICTING EARLY U.S. HISTORY & DEVELOPMENT 20,000
    MARSHALL WYTHE SCHOOL OF LAW FOUNDATION
    613 S HENRY STREET
    WILLIAMSBURG,VA23185     		NONE PUBLIC ENSURES THE LONG TERM ADVANCEMENT OF THE WILLIAM & MARY LAW SCHOOL THROUGH THE DEVELOPMENT OF GIFTS 50,000
    MUSCARELLE MUSEUM OF ART FOUNDATION
    PO BOX 8795
    WILLIAMSBURG,VA23187     		NONE PUBLIC PROVIDES A DYNAMIC ENVIRONMENT FOR EXPLORING ART AT ALL LEVELS OF EXPERIENCE AND INTEREST 100,000
    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
    COLONIAL WILLIAMSBURG FOUNDATION
    PO BOX 1776
    WILLIAMSBURG,VA23187     		NONE PUBLIC ENCOURAGES AUDIENCES TO LEARN FROM THE PAST THROUGH PRESERVATION OF 18TH-CENTURY WILLIAMSBURG 50,000
    Total .................................bullet 3a 270,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    4 Dividends and interest from securities....     14 178,498  
    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.....     14 339  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 304,181  
    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).. 0 483,018 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    483,018
    (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


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 2,883


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 6,950 5,213   1,737

    TY 2018 GeneralExplanationAttachment
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Identifier Return Reference Explanation
      FORM 990 PF - EXPLANATION FOR AMENDMENT THE GLADYS AND FRANKLIN CLARK FOUNDATION RECEIVED A 2019 FORM 1099-DIV FROM CORBIN MULTI-STRATEGY CLASS FUND AFTER THE ORIGINAL 2019 FORM 990-PF WAS FILED. THE 1099-DIV REPORTED DIVIDEND REINVESTMENTS.A SIMILAR INVESTMENT, AGILITY INCOME CLASS I FUND, DID NOT RECEIVE A FORM 1099-DIV, BUT ALSO HAD DIVIDEND REINVESTMENTS.THIS RETURN IS BEING AMENDED TO ADD THE FOLLOWING AMOUNT OF 2018 DIVIDEND INCOME :-CORBIN MULTII-STRATEGY CLASS FUND - $53,381-AGILITY INCOME CLASS I FUND - $15,029-TOTAL ADDITIONAL DIVIDEND INCOME $68,410-TOTAL ADDITIONAL ASSET VALUE (BAL SHEET) $68,410BEGINNING BALANCE SHEET WAS CHANGED TO REFLECT CORRECTED FIGURES ON 2017 AMENDED RETURN

    TY 2018 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 184,136 131,413
    PIMCO PAC INVT MGMT SER EMERGING MKTS BOND FUND 152,934 134,814
    TEMPLETON DEVELOPING MKTS TR 320,027 256,234
    VICTORY (FORMERLY RS INVT TR) EMERGING MKT FUND 265,636 243,570
    AAON INC 9,002 9,396
    ADVANCED ENERGY INDUSTRIES INC 1,377 2,275
    ALBANY INTERNATIONAL CORP 4,309 5,619
    ALTRA INDUSTRIAL MOTION CORP 3,881 3,068
    AMERICAN EQUITY INVESTMENT LIFE HOLDING 2,958 3,660
    ANIXTER INTERNATIONAL INC 4,233 3,041
    ANSYS INC 4,540 6,146
    ASPEN TECHNOLOGY INC 8,036 9,862
    AUTO TRADER GROUP PLC ADR 14,374 16,010
    AUTOHOME INC 8,459 20,262
    CABOT CORP 3,757 3,263
    CABOT MICROELECTRONICS CORP 2,599 6,579
    CADENCE BANCORP 5,957 3,692
    CASELLA WASTE SYSTEMS INC 3,678 4,245
    CATALENT INC 4,616 6,080
    CHEFS WAREHOUSE INC 5,591 12,408
    COHERENT INC 3,504 3,171
    COPART INC 6,971 11,037
    CORE LABORATORIES INC 3,179 2,506
    DARLING INGREDIENTS INC 5,697 6,041
    DOCUSIGN INC 8,212 8,176
    DONALDSON COMPANY INC 5,536 5,337
    EASTGROUP PROPERTIES INC 5,241 5,320
    EATON VANCE CORP 1,691 2,252
    ELLIE MAE INC 10,175 7,979
    ENERSYS INC 2,824 6,830
    ENTEGRIS INC 2,148 4,798
    ENTERPRISE FINANCIAL SERVICE 3,256 2,446
    FACTSET RESEARCH SYSTEMS INC 5,844 6,604
    FIRSTCASH INC 3,739 7,163
    FLIR SYSTEMS INC. 3,305 4,615
    FORMFACTOR INC 3,924 3,987
    FOX FACTORY HOLDING CORP 10,218 21,017
    FRANKLIN ELECTRIC INC 3,581 5,660
    GATX CORP 3,742 5,240
    HEARTLAND FINANCIAL USA INC 4,696 3,736
    HEICO CORP 4,366 7,308
    HEXCEL CORP 5,293 8,257
    HORACE MANN EDUCATORS 2,532 3,221
    INTERACTIVE BROKERS GROUP 9,025 13,444
    LITTELFUSE INC 1,869 5,830
    MANTECH INTERNATIONAL CORP 2,645 4,654
    MERKETAXESS HOLDINGS INC 5,991 6,551
    MEDICAL PROPERTIES TRUST 2,021 3,554
    MEDNAX INC 4,489 3,927
    MERITAGE HOMES CORP 4,551 4,590
    MOELIS & CO 10,974 7,839
    MOLINA HEALTHCARE INC 2,079 4,533
    MONOLITHIC POWER SYSTEMS INC 2,586 5,580
    MOOG INC 1,656 3,952
    MORNINGSTAR INC 6,688 9,117
    MUELLER WATER PRODUCTS INC 4,440 4,095
    NVE CORP 8,965 9,279
    OIL STATES INTERNATIONAL INC 3,904 1,928
    OLD DOMINION FREIGHT LINE INC 8,361 11,361
    OLLIE'S BARGAIN OUTLET HOLDINGS INC 2,947 6,252
    OSI SYS INC 5,194 5,498
    PAYCOM SOFTWARE INC 8,470 10,531
    PDC ENERGY INC 5,010 2,768
    PEBBLEBROOK HOTEL TR 5,827 4,048
    PRICESMART INC 4,701 3,132
    RAYMOND JAMES FINANCIAL 2,079 5,209
    RBC BEARINGS INC 7,684 10,881
    REINSURANCE GROUP OF AMERICA 1,261 5,890
    RIGHTMOVE PLC ADR 14,276 12,873
    SANMINA CORP 5,070 4,475
    SCOTTS MIRACLE GRO 3,094 3,565
    SNAP-ON INC 2,144 5,521
    SOUTH JERSEY INDS INC 3,177 3,447
    STATE AUTO FINANCIAL CORP 1,328 1,770
    STEELCASE INC 3,673 3,040
    STERLING BANCORP 982 1,948
    STIFEL FINANCIAL CORP 2,633 2,775
    TELEDYNE TECHNOLOGIES INC 1,425 7,247
    TIMKEN COMPANY 4,579 4,366
    TRIUMP GROUP INC 4,030 2,254
    TRUSTMARK CORP 3,541 3,867
    U S PHYSICAL THERAPY INC 2,189 3,582
    UNITED BANKSHARES INC 3,833 3,920
    UNITED FIRE GROUP INC 2,275 4,935
    UNITED NATURAL FOODS INC 4,796 1,006
    WELBILT INC 4,680 2,311
    WESBANCO INC 3,918 3,852
    WHITING PETE CORP 2,446 1,793
    WOLVERINE WORLD WIDE INC 5,052 5,007
    BLAIR WILLIAM INTERNATIONAL GROWTH FUND 187,726 220,593
    COHEN & STEERS REALTY SHARES INC. 114,125 125,463
    DODGE & COX INCOME FUND 608,773 586,363
    DODGE & COX INTL STK FUND 214,295 238,283
    EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND 141,693 127,085
    JP MORGAN CORE BOND FUND 551,614 550,785
    PRINCIPAL INVST FUNDS HIGH YIELD FD 138,591 125,436
    T ROWE PRICE MID CAP GROWTH FUND 162,954 206,088
    TOUCHSTONE VID CAP VALUE FUND 213,442 190,097
    ABBOTT LABORATORIES 3,874 8,390
    ABBVIE INC 9,386 14,750
    AIR PRODUCTS & CHEMICALS INC 3,373 6,242
    ALPHABET INC NON VOTING CAP STOCK 17,519 21,748
    ALTRIA GROUP INC. 4,190 9,335
    AMAZON.COM INC 21,636 19,526
    AMERICAN EXPRESS COMPANY 7,586 8,579
    ANHEUSER BUSCH INBEV SA 6,858 4,080
    APPLE INC. 10,004 24,134
    ASML HOLDING NV 5,259 8,559
    AUTOMATIC DATA PROCESSING 784 2,754
    BLACKROCK INC 8,689 13,356
    CANADIAN PACIFIC RAILWAY LTD 3,886 5,506
    CHEVRON CORPORATION 10,403 14,360
    CHUBB LTD 12,273 15,114
    COCA-COLA COMPANY 8,727 13,258
    COMCAST CORP 14,653 14,165
    CONOCOPHILLIPS 3,616 5,487
    CONSTELLATION BRANDS INC 3,879 4,020
    DISNEY WALT CO 5,162 5,373
    EXXON MOBIL CORP 15,883 16,025
    FACEBOOK INC 22,763 25,563
    INFINEON TECHNOLOGIES AG ADR 6,899 4,956
    INTERCONTINENTAL EXCHANGE INC 3,411 5,348
    INTUITIVE SURGICAL INC 3,427 7,663
    JP MORGAN CHASE & CO 8,413 16,400
    LAUDER ESTEE COS INC. 1,245 7,676
    LINDE PLC 8,499 8,114
    MASTERCARD INC 7,122 6,037
    MCDONALDS CORP 4,077 10,477
    MICROSOFT CORP 15,894 28,338
    NESTLE S A REG 4,670 7,853
    NIKE INC 5,347 7,043
    NOVO NORDISK 3,274 8,200
    PEPSICO INCORPORATED 3,612 7,734
    PHILIP MORRIS INTERNATIONAL INC. 10,593 14,220
    ROCHE HOLDINGS LTD 7,195 8,081
    SHERWIN WILLIAMS CO 6,849 5,902
    STATE STREET CORP 13,330 10,280
    TEXAS INSTRUMENTS INC 9,418 16,443
    TOTAL SA SPONS 5,054 5,218
    TWENTY-FIRST CENTURY FOX 5,248 8,132
    UNION PACIFIC CORP 8,791 11,335
    UNITED TECHNOLOGIES CORP 7,304 9,796
    UNITEDHEALTH GROUP INC 6,385 10,214
    VERISK ANALYTICS INC 5,049 5,670
    VISA INC 9,994 15,965
    WELLS FARGO & COMPANY 6,085 5,990
    ADIENT PLC 14,543 4,111
    ALIBABA GROUP HOLDING ADR 19,700 14,667
    ALPHABET INC VOTING CAP STOCK 7,495 18,809
    ALPHABET INC NON VOTING CAP STOCK 9,522 21,748
    AMAZON.COM INC 11,715 36,047
    AMERICAN EXPRESS COMPANY 14,233 25,069
    APACHE CORP 38,354 20,580
    APPLIED MINERALS INC 18,240 14,962
    BANK NEW YORK MELLON CORP 20,275 30,643
    BERKSHIRE HATHAWAY INC. 22,562 42,265
    CAPITAL ONE FINANCIAL CORP 35,710 31,445
    CHUBB LTD 6,871 7,880
    ENCANA CORP 13,270 7,427
    FACEBOOK INC 27,115 25,038
    GENERAL ELECTRIC CO 26,371 14,966
    JOHNSON CONTROLS INC 17,910 14,440
    JPMORGAN CHASE & CO 19,329 27,431
    LOEWS CORPORATION 4,991 6,737
    MICROSOFT CORP 5,198 12,188
    NEW ORIENTAL EDUCATION SP ADR 23,131 16,005
    ORACLE CORP 3,472 4,967
    QURATE RETAIL INC 1,841 1,503
    TEXAS INSTRUMENTS INC 12,349 17,483
    UNITED TECHNOLOGIES CORP 27,502 27,365
    US BANCORP 11,754 10,420
    WELLS FARGO COMPANY 22,825 35,574

    TY 2018 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
    ABBEY CAPITAL MULTI-MANAGER FUND LTD AT COST 199,297 199,746
    GAI AGILITY INCOME FUND AT COST 401,678 385,532
    GAI CORBIN MULTI STRATEGY FUND AT COST 578,586 564,036

    TY 2018 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
    INSURANCE 1,289 644   645
    ABBEY CAPITAL K-1 3,962 3,962   0
    DUES AND SUBSCRIPTIONS 1,500 750   750


    TY 2018 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 339 339 339


    TY 2018 OtherIncreasesSchedule
    Name:
    THE GLADYS AND FRANKLIN CLARK FOUNDATION
    EIN:
    54-1640751
    Description Amount
    UNREALIZED GAIN ON ABBEY CAPITAL MULTI MANAGER FUND 265
    BROKER ADJUSTMENT TO COST 19,106


    TY 2018 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 65,603 65,603   0


    TY 2018 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 3,779 3,779   0
    2018 EXCISE TAX PAYMENT 765 0   0