TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
CLARK FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)9770 SW SUNSHINE CT
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BEAVERTON, OR970054100

A Employer identification number

23-7423789

B Telephone number (see instructions)

(503) 627-9978

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$29,297,407J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	307,993		307,993
4	Dividends and interest from securities...	418,682		418,682
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		364,947
b	Gross sales price for all assets on line 6a 11,038,947
7	Capital gain net income (from Part IV, line 2)...			2,313
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).......		989
12	Total. Add lines 1 through 11........	1,092,611		728,988
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		2,416
b	Accounting fees (attach schedule).......		6,500
c	Other professional fees (attach schedule)....		109,945	109,945
17	Interest...............	2,984		2,984
18	Taxes (attach schedule) (see instructions)...		16,541	7,987
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		47,214	46,546
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	185,600		167,462	0
25	Contributions, gifts, grants paid.......	1,710,500			1,710,500
26	Total expenses and disbursements. Add lines 24 and 25	1,896,100		167,462	1,710,500
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-803,489
b	Net investment income (if negative, enter -0-)			561,526
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	291,049	660,456	660,456
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	5,467,427	4,325,921	4,325,921
	b	Investments—corporate stock (attach schedule).......	17,158,830	15,808,030	15,808,030
	c	Investments—corporate bonds (attach schedule).......	5,009,330	5,063,295	5,063,295
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,957,591	3,439,705	3,439,705
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	29,884,227	29,297,407	29,297,407
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	29,884,227	29,297,407
	29	Total net assets or fund balances (see instructions).....	29,884,227	29,297,407
	30	Total liabilities and net assets/fund balances (see instructions).	29,884,227	29,297,407

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

29,884,227

Enter amount from Part I, line 27a .....................

-803,489

Other increases not included in line 2 (itemize) bullet

216,669

Add lines 1, 2, and 3 ..........................

29,297,407

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

29,297,407

Form 990-PF (2020)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,313
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 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	7,805
c	All other domestic foundations enter 1.39% 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	7,805
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	7,805
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	8,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	8,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	5
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	190
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax190	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

BARB PURDY Telephone no. bullet

(503) 627-9978

Located at bullet

9770 SW SUNSHINE COURTBEAVERTONOR ZIP+4 bullet

97005

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

16 At any time during calendar year 2020, 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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2020?.............

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)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2020 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 2020.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2020?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
RICHARD M CLARK	PRESIDENT/TR 000.00	0	0	0
2433 NW PINNACLE DR PORTLAND,OR97229	PRESIDENT/TR 000.00	0	0	0
TRACEY A CLARK	DIRECTOR 000.00	0	0	0
2433 NW PINNACLE DR PORTLAND,OR97229	DIRECTOR 000.00	0	0	0
BRITTNEY CLARK	VICE PRESIDE 000.00	0	0	0
7975 SW WILLOWMERE PORTLAND,OR97225	VICE PRESIDE 000.00	0	0	0
CHRISTOPHER BROOKS	DIRECTOR 000.00	0	0	0
7975 SW WILLOWMERE PORTLAND,OR97229	DIRECTOR 000.00	0	0	0
JON HOLZGRAFE	DIRECTOR 000.00	0	0	0
300 E SPOKANE PORTLAND,OR97202	DIRECTOR 000.00	0	0	0
STEVE NICHOLES	SECRETARY 000.00	0	0	0
111 SW FIFTH AVENUE 1500 PORTLAND,OR97204	SECRETARY 000.00	0	0	0
PAT BECKER SR	DIRECTOR 000.00	0	0	0
23661 SW STAFFORD HILL DR WEST LINN,OR97068	DIRECTOR 000.00	0	0	0
JANEEN MCANINCH	DIRECTOR 000.00	0	0	0
1211 SW FIFTH AVENUE 2185 PORTLAND,OR97204	DIRECTOR 000.00	0	0	0

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...................

Form 990-PF (2020)

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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	PROVIDED FINANCIAL ASSISTANCE TO EDISON HIGH SCHOOL TO ASSIST IN FUNDING OF BUILDING A NEW HIGH SCHOOL.	100,000
2	PROVIDED FINANCIAL ASSISTANCE TO DE LA SALLE NORTH CATHOLIC HIGH SCHOOL TO ASSIST WITH RELOCATION TO A SITE ON ST. CHARLES CHURCH CAMPUS	100,000
3	PROVIDED FINANCIAL ASSISTANCE TO JESUIT HIGH SCHOOL TO ASSIST IN FUNDING THE RENOVATION OF CLARK LIBRARY.	100,000
4	PROVIDED FINANCIAL ASSISTANCE TO THE ST. THOMAS MORE SCHOOL FOR THE FUNDING OF PHASE 1 OF THE PARKING GARAGE, NEW GYM, CLASSROOMS & ELEVATOR	100,000

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

26,282,390

Average of monthly cash balances.......................

1,021,607

Fair market value of all other assets (see instructions)................

89,099

Total (add lines 1a, b, and c).........................

27,393,096

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

27,393,096

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

410,896

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

26,982,200

Minimum investment return. Enter 5% of line 5..................

1,349,110

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

1,349,110

Tax on investment income for 2020 from Part VI, line 5......

7,805

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

7,805

Distributable amount before adjustments. Subtract line 2c from line 1............

1,341,305

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,341,305

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

1,341,305

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,710,500

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,710,500

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,710,500

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7			1,341,305
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......	72,852
c From 2017......
d From 2018......	56,836
e From 2019......	313,726
fTotal of lines 3a through e........		443,414
4Qualifying distributions for 2020 from Part
XII, line 4: $ 1,710,500
a Applied to 2019, 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 2020 distributable amount.....			1,341,305
e Remaining amount distributed out of corpus		369,195
5 Excess distributions carryover applied to 2020.
(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		812,609
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 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........			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 2015 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		812,609
10 Analysis of line 9:
a Excess from 2016....	72,852
b Excess from 2017....
c Excess from 2018....	56,836
d Excess from 2019....	313,726
e Excess from 2020....	369,195

Form 990-PF (2020)

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 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

MR RM CLARK
9770 SW SUNSHINE COURT
BEAVERTON,OR97005
(503) 627-9978

bThe form in which applications should be submitted and information and materials they should include:

THE APPLICATION SHOULD BE IN THE FORM OF A LETTER AND MUST INCLUDE A LIST OF THE BOARD OF DIRECTORS, A DESCRIPTION OF THE ACTIVITY OR PROJECT, A BUDGET, AND OTHER INFORMATION AS REQUESTED BY THE CLARK FOUNDATION'S DIRECTORS.

cAny submission deadlines:

THERE ARE NO SUBMISSION DEADLINES

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THE APPLICANT MUST BE A TAX EXEMPT ORGANIZATION WHOSE PURPOSE IS EDUCATIONAL, CHARITABLE, CULTURAL, RELIGIOUS OR SCIENTIFIC AND IS LOCATED IN THE PORTLAND, OREGON METROPOLITAN AREA. NO SCHOLARSHIPS TO INDIVIDUALS, STUDENT LOANS, OR OTHER PROGRAM RELATED INVESTMENTS MAY BE MADE BY THE CLARK FOUNDATION.

Form 990-PF (2020)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALBERTINA KERR 424 NE 22ND AVENUE PORTLAND,OR97232	N/A		CHARITABLE - MEDICAL PROGRAMS	10,000
AMERICAN RED CROSS 3131 N VANCOUVER PORTLAND,OR97227	N/A		CHARITABLE - PROGRAM SUPPORT	25,000
ASSISTANCE LEAGUE OF GREATER PORTLA 4000 SW 117TH AVENUE BEAVERTON,OR97227	N/A		CHARITABLE - PROGRAM SUPPORT	10,000
BEAVERTON ARTS FOUNDATION 2725 SW MILLIKAN WAY STE 30 BEAVERTON,OR97005	NA		CHARITABLE - PROGRAM SUPPORT	20,000
BEAVERTON SCHOOLS RESOURCE FUND 16550 SW MENLO RD BEAVERTON,OR97003	NA		CHARITABLE - PROGRAM SUPPORT	5,000
BROADWAY ROSE THEATRE PO BOX 231004 TIGARD,OR97281	NA		CHARITABLE - PROGRAM SUPPORT	10,000
CARES NW 2800 N VANCOUVER AVENUE SUITE 201 PORTLAND,OR97227	N/A		CHARITABLE - PROGRAM SUPPORT	20,000
CASA FOR CHILDREN 1401 NE 68TH AVE PORTLAND,OR97213	N/A		CHARITABLE - PROGRAM SUPPORT	10,000
CASA FOR CHILDREN - CLATSOP PO BOX 514 ASTORIA,OR97103	N/A		CHARITABLE - PROGRAM SUPPORT	10,000
CATHOLIC CHARITIES 2740 SE POWELL BLVD SUITE 1 PORTLAND,OR97202	N/A		CHARITABLE - PROGRAM SUPPORT	25,000
COASTER THEATRE PRODUCTIONS PO BOX 643 CANNON BEACH,OR97110	N/A		CULTURAL - PLAY SPONSOR	10,000
DE LA SALLE NORTH CATHOLIC HIGH 7528 N FENWICK AVENUE PORTLAND,OR97217	N/A		EDUCATIONAL - FINANCIAL AID	100,000
DE LA SALLE NORTH CATHOLIC HIGH 7528 N FENWICK AVENUE PORTLAND,OR97217	N/A		EDUCATIONAL - FINANCIAL AID	35,000
DOVE LEWIS ANIMAL HOSPITAL 1945 NW PETTYGROVE PORTLAND,OR97209	N/A		CHARITABLE - PROGRAM SUPPORT	25,000
EDISON HIGH SCHOOL 9020 SW BEAVERTON HILLSDA PORTLAND,OR97225	N/A		CHARITABLE - BUILDING FUND	100,000
FRAZIER FARMSTEAD MUSEUM PO BOX 764 MILTONFREEWATER,OR97862	N/A		CHARITABLE - PROGRAM SUPPORT	10,000
FULL CIRCLE PROGRAMS 15995 SW 74TH AVE SUITE 200 TIGARD,OR97224	N/A		CHARITABLE - PROGRAM SUPPORT	18,000
GIRL SCOUTS 9620 SW BARBUR BLVD PORTLAND,OR97219	N/A		CHARITABLE - SCHOLARSHIPS	25,000
HOLY CROSS CATHOLIC SCHOOL 5202 N BOWDOIN ST PORTLAND,OR97203	N/A		EDUCATIONAL - TUITION ASSISTANCE	15,000
HOLY FAMILY SCHOOL 7425 SE CEASR CHAVEZ BLVD PORTLAND,OR97202	N/A		EDUCATIONAL - TUITION ASSISTANCE	15,000
HUMAN SOLUTIONS 12350 SE POWELL BLVD PORTLAND,OR97236	N/A		CHARITABLE - PROGRAM SUPPORT	25,000
IMPACT NW PO BOX 33530 PORTLAND,OR97292	NA		CHARITABLE - PROGRAM SUPPORT	15,000
JANUS YOUTH PROGRAMS 707 NE COUCH ST PORTLAND,OR97232	NA		CULTURAL - PROGRAM & BUILDING SUPPOR	6,500
JESUIT HIGH SCHOOL 9000 SW BEAVERTON HWY PORTLAND,OR97225	N/A		EDUCATIONAL - BUILDING FUND	100,000
JUNIOR ACHIEVEMENT 7830 SE FOSTER RD PORTLAND,OR97206	NA		CULTURAL - PROGRAM & BUILDING SUPPOR	10,000
LA PINE COMMUNITY KITCHEN PO BOX 813 LA PINE,OR97739	NA		CULTURAL - PROGRAM & BUILDING SUPPOR	5,000
LIFEWORKS NORTHWEST 14600 NW CORNELL ROAD PORTLAND,OR97229	N/A		CHARITABLE - BUILDING IMPROVEMENTS	20,000
LIFT UP 2701 NW VAUGHN ST STE 102 PORTLAND,OR97210	NA		CULTURAL - PROGRAM & BUILDING SUPPOR	5,000
LINNTON COMMUNITY CENTER 10614 NW ST HELENS RD PORTLAND,OR97231	N/A		CHARITABLE - PROGRAM SUPPORT	5,000
LIVING DESERT 47900 PORTOLA AVE PALM DESERT,CA92260	N/A		CHARITABLE - PROGRAM SUPPORT	10,000
MATER DEI RADIO PO BOX 5888 PORTLAND,OR97228	N/A		CHARITABLE - EQUIPMENT	15,000
MAYBELLE CENTER 121 NW SIXTH AVENUE PORTLAND,OR97209	N/A		CHARITABLE - GRANT PROJECT	30,000
MEALS ON WHEELS 7710 SW 31ST AVENUE PORTLAND,OR97219	NA		CHARITABLE - PROGRAM SUPPORT	25,000
MEDICAL TEAMS INTERNATIONAL PO BOX 10 PORTLAND,OR97207	N/A		CHARITABLE - PROGRAM SUPPORT	60,000
MUSIC WORKSHOP 4804 SW SCHOLLS FERRY RD PORTLAND,OR97225	N/A		EDUCATIONAL - PROGRAM SUPPORT	18,000
NW CATHOLIC COUNSELING 8383 NE SANDY BLVD SUITE 205 PORTLAND,OR97220	N/A		CHARITABLE - MEDICAL PROGRAMS	5,000
NW HOUSING ALTERNATIVES 13819 SE MCLOUGHLIN MILWAUKIE,OR97222	N/A		CHARITABLE - PROGRAM SUPPORT	10,000
OHSU FOUNDATION 1121 SW SALMON ST 100 PORTLAND,OR97205	N/A		CHARITABLE - MEDICAL PROGRAMS	50,000
OREGON BALLET THEATRE 720 SW BANCROFT ST PORTLAND,OR97239	N/A		CULTURAL - PROGRAM & BUILDING SUPPOR	10,000
OREGON COAST AQUARIUM 2820 SE FERRY SLIP RD NEWPORT,OR97365	N/A		CHARITABLE - BUILDING FUND	20,000
OREGON FOOD BANK 7900 NE 33RD DR PORTLAND,OR97211	N/A		CHARITABLE - FOOD /OPERATING FUNDS	80,000
OREGON HISTORICAL SOCIETY 1200 SW PARK AVENUE PORTLAND,OR97205	N/A		CULTURAL - OPERATING FUNDS	10,000
OREGON HUMANE SOCIETY 1067 NE COLUMBIA BLVD PORTLAND,OR97211	N/A		CHARITABLE - OPERATING FUNDS	5,000
OREGON PUBLIC BROADCASTING 7140 SW MACADAM AVE PORTLAND,OR97219	N/A		CULTURAL - OREGON EXPERIENCE SERIES	25,000
OREGON STATE UNIVERSITY FOUNDATION 707 SW WASHINGTON ST SUITE 500 PORTLAND,OR97205	N/A		EDUCATIONAL - PROGRAM SUPPORT	50,000
OREGON SYMPHONY 921 SW WASHINGTON STREET SUITE 200 PORTLAND,OR97205	N/A		CHARITABLE - PROGRAM SUPPORT	26,000
OREGON ZOO FOUNDATION 4001 SW CANYON ROAD PORTLAND,OR97221	N/A		CHARITABLE - BUILDING FUND	100,000
PARTNERS FOR A HUNGER-FREE OREGON 712 SE HAWTHORNE BLVD STE 202 PORTLAND,OR97214	NA		CHARITABLE - PROGRAM SUPPORT	5,000
PORTLAND RESCUE MISSION PO BOX 3713 PORTLAND,OR97208	NA		CHARITABLE - PROGRAM SUPPORT	2,500
PORTLAND TENNIS & EDUCATION 7519 N BURLINGTON PORTLAND,OR97203	N/A		CHARITABLE - PROGRAM SUPPORT	5,000
PROVIDENCE PORTLAND MEDICAL FOUNDAT PO BOX 3375 PORTLAND,OR97208	NA		CHARITABLE - MEDICAL PROGRAMS	5,000
PROVIDENCE SEASIDE HOSPITAL FOUND 725 S WAHANNA ROAD SEASIDE,OR97138	N/A		CHARITABLE - PROGRAM SUPPORT	10,000
RAPHAEL HOUSE 4110 SE HAWTHORNE BLVD PORTLAND,OR97214	N/A		CHARITABLE - PROGRAM SUPPORT	5,000
REBUILDING TOGETHER 5000 N WILLAMETTE BLVD PORTLAND,OR97203	NA		CULTURAL - PROGRAM & BUILDING SUPPOR	5,000
SANTIAM HEARTS TO ARTS PO BOX 172 MILL CITY,OR97360	NA		CULTURAL - PROGRAM & BUILDING SUPPOR	10,000
SATURDAY ACADEMY 5000 N WILLAMETTE BLVD PORTLAND,OR97203	N/A		EDUCATION - TUITION ASSIATNCE	10,000
SISTERS OF ST MARY OF OREGON 4440 SW 148TH AVE BEAVERTON,OR97007	N/A		EDUCATION - TUITION ASSISTANCE	20,000
SISTERS OF THE HOLY NAMES PO BOX 411 MARYLHURST,OR97036	N/A		CHARITABLE - GENERAL SUPPORT	30,000
SMART 101 SW MARKET STREET PORTLAND,OR97201	N/A		CHARITABLE - FINANCIAL SUPPORT	10,000
ST ANDREW LEGAL CLINIC 807 NE ALBERTA ST PORTLAND,OR97211	N/A		CHARITABLE - PROGRAM SUPPORT	22,000
ST ANDREWS NATIVITY SCHOOL PO BOX 11127 PORTLAND,OR97211	N/A		EDUCATIONAL - SCHOLARSHIP PROGRAM	10,000
ST MARY'S ACADEMY 1615 SW 5TH AVENUE PORTLAND,OR97201	N/A		EDUCATIONAL - VARIOUS PROGRAMS	45,000
ST MARY'S HOME FOR THE BOYS 16535 SW TV HWY BEAVERTON,OR97006	N/A		CHARITABLE - PROGRAM SUPPORT	19,000
ST THOMAS MORE SCHOOL 3525 SW PATTON RD PORTLAND,OR97221	N/A		CHARITABLE - BUILDING FUND	100,000
STORE TO DOOR 7730 SW 31ST AVENUE PORTLAND,OR97219	N/A		CHARITABLE - PROGRAM SUPPORT	10,000
TRANSITION PROJECTS 665 NW HOYT ST PORTLAND,OR97209	NA		CULTURAL - PROGRAM & BUILDING SUPPOR	2,500
TUCKER MAXON ORAL SCHOOL 2860 NE HOLGATE PORTLAND,OR97202	N/A		CHARITABLE - PROGRAM SUPPORT	10,000
UNIVERSITY OF PORTLAND 5000 N WILLAMETTE BLVD PORTLAND,OR97203	N/A		CHARITABLE - BUILDING FUND	60,000
URBAN GLEANERS PO BOX 6344 PORTLAND,OR97228	NA		CHARITABLE - PROGRAM SUPPORT	10,000
YOUNG LIFE OF NORTH COAST PO BOX 1024 SEASIDE,OR97138	N/A		CHARITABLE - PRORGAM SUPPORT	1,000
YOUTH VILLAGES OREGON PO BOX 368 MARYLHURST,OR97036	NA		CHARITABLE - PROGRAM SUPPORT	10,000
YWCA OF GREATER PORTLAND PO BOX 4587 PORTLAND,OR97208	N/A		CHARITABLE - PROGRAM SUPPORT	30,000
ZENGER FARM 11741 SW FOSTER RD PORTLAND,OR97266	N/A		CHARITABLE - PROGRAM SUPPORT	25,000
Total ................................. 3a				1,710,500

bApproved for future payment

Total ................................. 3b

Form 990-PF (2020)

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	(e) Related or exempt function income (See instructions.)
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	307,993
4 Dividends and interest from securities....			14	418,682
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 ............					364,947
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPARTNERSHIPS					989
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				726,675	365,936

13Total. Add line 12, columns (b), (d), and (e)..................

1,092,611

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

CLARK FOUNDATION

EIN:

23-7423789

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES	6,500

- TIN:

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

TY 2020 AmortizationSchedule

Name:

CLARK FOUNDATION

EIN:

23-7423789

Description of Amortized Expenses	Date Acquired, Completed, or Expended	Amount Amortized	Deduction for Prior Years	Amortization Method	Current Year Amortization	Net Investment Income	Adjusted Net Income	Total Amount of Amortization
AMERICAN EXPRESS	2017-10-31	354,816	3,101		1,569	1,569		4,670

- TIN:

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

TY 2020 GainLossSaleOtherAssetsSch

Name:

CLARK FOUNDATION

EIN:

23-7423789

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
ACCENTURE PLC	2020-03	PURCHASE	2020-06	50,445	41,377	9,068
AMERICAN INTL GROUP	2020-03	PURCHASE	2020-09	30,398	28,239	2,159
AMERICAN INTL GROUP	2020-03	PURCHASE	2020-09	70,510	69,897	613
AVANGRID INC	2020-06	PURCHASE	2020-11	165,498	161,773	3,725
BERKSHIRE HATHAWAY	2019-10	PURCHASE	2020-06	49,100	57,008	-7,908
BERKSHIRE HATHAWAY	2019-10	PURCHASE	2020-09	44,114	42,497	1,617
BLACKROCK INC	2020-04	PURCHASE	2020-12	85,380	54,745	30,635
CHARLES SCHWAB CORP	2020-03	PURCHASE	2020-12	40,165	21,980	18,185
FIRST REPUBLIC BANK SAN	2020-03	PURCHASE	2020-12	41,082	23,574	17,508
GENERAL DYNAMICS C	2019-12	PURCHASE	2020-06	38,565	46,614	-8,049
HOME DEPOT INC	2020-03	PURCHASE	2020-06	35,642	23,607	12,035
HOME DEPOT INC	2020-03	PURCHASE	2020-09	54,429	32,561	21,868
HP INC.: HPQ	2019-03	PURCHASE	2020-02	341,476	280,867	60,609
HP INC.: HPQ	2020-03	PURCHASE	2020-06	50,729	47,235	3,494
HP INC.: HPQ	2020-03	PURCHASE	2020-12	94,770	58,702	36,068
INGREDION INC: INGR	2019-12	PURCHASE	2020-06	63,474	66,324	-2,850
ISHARES CORE S&P	2020-02	PURCHASE	2020-06	158,246	188,715	-30,469
LEGGETT & PLATT INC	2019-05	PURCHASE	2020-01	158,324	125,099	33,225
MADISON SQUARE GARDEN EN	2020-03	PURCHASE	2020-05	35,234	30,845	4,389
NOBLE ENERGY INC: NBL	2019-08	PURCHASE	2020-03	8,645	52,806	-44,161
PORTLAND GENERL ELEC: POR	2020-08	PURCHASE	2020-12	33,194	30,146	3,048
PORTLAND GENERL ELEC: POR	2020-08	PURCHASE	2020-12	55,388	49,953	5,435
SIEMENS A G	2020-11	PURCHASE	2020-11	16,533	16,533
SPECTRUM BRANDS HLDG: SPB	2019-10	PURCHASE	2020-01	21,180	17,110	4,070
UNILEVER PLC	2020-01	PURCHASE	2020-06	84,868	85,251	-383
WALT DISNEY CO: DIS	2020-02	PURCHASE	2020-12	43,361	28,026	15,335
WEYERHAEUSER CO	2020-03	PURCHASE	2020-11	124,359	80,237	44,122
A T & T INC: T	2009-05	PURCHASE	2020-06	1,179	1,018	161
A T & T INC: T	2009-05	PURCHASE	2020-06	21,214	18,032	3,182
ALLSTATE CORP: ALL	2008-04	PURCHASE	2020-06	29,534	15,544	13,990
AMERICAN EXPRESS 2.6%20CALLED	2017-10	PURCHASE	2020-08	350,000	350,145	-145
AMERICAN INTL GROUP: AIG	2018-02	PURCHASE	2020-06	125,182	250,238	-125,056
AMERICAN INTL GROUP: AIG	2018-04	PURCHASE	2020-06	30,610	54,151	-23,541
AMERICAN INTL GROUP: AIG	2018-04	PURCHASE	2020-09	8,864	16,434	-7,570
AMGEN INC.	2017-08	PURCHASE	2020-03	302,715	302,250	465
APPLE INC: AAPL	2012-12	PURCHASE	2020-12	88,102	11,940	76,162
APPLIED MATERIALS	2013-05	PURCHASE	2020-06	311,354	304,735	6,619
ASTRAZENECA PLC	2016-06	PURCHASE	2020-01	77,759	46,685	31,074
ASTRAZENECA PLC	2016-06	PURCHASE	2020-06	116,642	66,671	49,971
BAKER HUGHES CO. BKR	2018-03	PURCHASE	2020-12	73,530	106,272	-32,742
BERKSHIRE HATHAWAY B: BRKB	2019-10	PURCHASE	2020-12	39,114	35,241	3,873
BORG WARNER INC: BWA	2016-06	PURCHASE	2020-04	99,606	131,459	-31,853
CIENA CORP: CIEN	2017-09	PURCHASE	2020-06	70,226	28,950	41,276
CISCO SYSTEMS INC: CSCO	2017-01	PURCHASE	2020-05	54,463	39,133	15,330
CISCO SYSTEMS INC: CSCO	2017-08	PURCHASE	2020-05	112,785	80,642	32,143
CITIGROUP INC: C	2017-04	PURCHASE	2020-01	59,165	42,858	16,307
CITIGROUP INC: C	2017-04	PURCHASE	2020-06	21,165	24,365	-3,200
COHERENT INC: COHR	2018-07	PURCHASE	2020-06	59,816	76,020	-16,204
COHERENT INC: COHR	2018-07	PURCHASE	2020-12	38,577	42,708	-4,131
COHERENT INC: COHR	2019-05	PURCHASE	2020-12	134,248	95,761	38,487
DANONE	2019-06	PURCHASE	2020-06	50,386	59,750	-9,364
DISCOVERY INC DISCK	2018-04	PURCHASE	2020-06	47,982	53,923	-5,941
EXTENDED STAY AMERICA IN: STAY	2019-02	PURCHASE	2020-06	46,738	73,232	-26,494
FEDEX CORP: FDX	2019-01	PURCHASE	2020-10	115,882	74,646	41,236
FORD MOTOR CO: F	2018-02	PURCHASE	2020-06	44,361	78,717	-34,356
GILEAD SCIENCES INC: GILD	2017-02	PURCHASE	2020-04	80,653	69,046	11,607
GOLDMAN SACHS GROUP: GS	2019-04	PURCHASE	2020-06	55,836	56,349	-513
GOLDMAN SACHS GROUP: GS	2019-04	PURCHASE	2020-12	53,368	41,256	12,112
INTEL CORP: INTC	2019-05	PURCHASE	2020-06	113,060	85,190	27,870
INTERNTNL PAPER: IP	2018-09	PURCHASE	2020-06	52,721	74,725	-22,004
ISHARES CORE MSCI	2014-07	PURCHASE	2020-06	52,490	58,614	-6,124
ISHARES MSCI INDIA ETF: INDA	2016-12	PURCHASE	2020-09	232,036	185,360	46,676
ISHARES RUSSELL 2000 ETF: IWM	2012-10	PURCHASE	2020-01	242,474	118,473	124,001
ISHARES RUSSELL 2000 VALUE ETF: I	2017-10	PURCHASE	2020-01	394,451	384,014	10,437
J M SMUCKER CO: SJM	2019-03	PURCHASE	2020-03	55,870	50,400	5,470
J M SMUCKER CO: SJM	2019-03	PURCHASE	2020-05	155,606	148,574	7,032
J P MORGAN CHASE & CO: JPM	2011-06	PURCHASE	2020-01	61,351	17,715	43,636
JEFFERIES FINL: JEF	2018-04	PURCHASE	2020-03	133,494	245,480	-111,986
JEFFERIES FINL: JEF	2018-12	PURCHASE	2020-03	49,119	72,269	-23,150
JOHNSON & JOHNSON: JNJ	2016-11	PURCHASE	2020-06	50,898	42,412	8,486
JPMORGAN CHASE & CO: JPM	2011-06	PURCHASE	2020-12	3,143	995	2,148
JPMORGAN CHASE & CO: JPM	2011-09	PURCHASE	2020-12	55,949	14,502	41,447
JPMORGAN CHASE & 4.25%20	2012-02	PURCHASE	2020-10	250,000	250,000
JPMORGAN CHASE & 4.25%20	2017-08	PURCHASE	2020-10	50,000	50,000
KROGER CO	2016-10	PURCHASE	2020-06	92,086	88,070	4,016
LEGGETT & PLATT INC	2017-09	PURCHASE	2020-01	20,739	18,780	1,959
MADISON SQUARE GARDEN ENCLASS A: MSG	2017-09	PURCHASE	2020-05	4,942	3,755	1,187
MADISON SQUARE GARDEN ENCLASS A: MSG	2017-09	PURCHASE	2020-05	30,651	22,768	7,883
MADISON SQUARE GARDEN ENCLASS A: MSG	2017-09	PURCHASE	2020-05	13,397	10,152	3,245
MAGNA INTL INC F: MGA	2016-10	PURCHASE	2020-12	57,959	34,623	23,336
MCKESSON CORP: MCK	2009-03	PURCHASE	2020-06	94,876	22,903	71,973
METHANEX CORP F: MEOH	2018-12	PURCHASE	2020-11	54,338	85,096	-30,758
METHANEX CORP F: MEOH	2019-05	PURCHASE	2020-11	20,941	27,612	-6,671
MOLSON COORS BEVERAGE CLCLASS B: TAP	2018-07	PURCHASE	2020-06	46,986	90,804	-43,818
NEWMONT CORP: NEM	2016-11	PURCHASE	2020-04	116,969	67,215	49,754
NOBLE ENERGY INC: NBL	2016-11	PURCHASE	2020-03	18,665	186,977	-168,312
NOBLE ENERGY INC: NBL	2017-06	PURCHASE	2020-03	15,482	126,772	-111,290
PFIZER INC: PFE	2014-07	PURCHASE	2020-06	49,245	44,233	5,012
PNC FINL SERVICES: PNC	2011-06	PURCHASE	2020-04	50,056	31,424	18,632
PNC FINL SERVICES: PNC	2012-06	PURCHASE	2020-04	135,287	87,254	48,033
PORTLAND GENERL ELEC: POR	2018-03	PURCHASE	2020-06	79,664	76,442	3,222
PORTLAND GENERL ELEC: POR	2018-03	PURCHASE	2020-12	26,496	25,414	1,082
PORTLAND GENERL ELEC: POR	2018-03	PURCHASE	2020-12	98,603	94,332	4,271
PORTLAND GENERL ELEC: POR	2018-03	PURCHASE	2020-12	73,102	70,158	2,944
PROCTER & GAMBLE: PG	2016-06	PURCHASE	2020-06	13,432	9,659	3,773
PROCTER & GAMBLE: PG	2016-11	PURCHASE	2020-06	19,271	14,218	5,053
PROCTER & GAMBLE: PG	2016-11	PURCHASE	2020-12	31,767	19,819	11,948
QUALCOMM INC: QCOM	2015-09	PURCHASE	2020-06	40,170	24,074	16,096
QUALCOMM INC: QCOM	2015-09	PURCHASE	2020-09	67,256	30,761	36,495
QUALCOMM INC: QCOM	2015-09	PURCHASE	2020-12	89,700	31,831	57,869
RAYTHEON TECHNOLOGIES CO: RTX	2011-06	PURCHASE	2020-04	14	5	9
RAYTHEON TECHNOLOGIES CO: RTX	2011-06	PURCHASE	2020-06	57,733	19,195	38,538
SCHLUMBERGER LTD F: SLB	2018-11	PURCHASE	2020-10	63,929	208,839	-144,910
SIEMENS A G	2018-01	PURCHASE	2020-06	14,831	18,956	-4,125
SOUTHWEST AIRLINES: LUV	2012-03	PURCHASE	2020-04	26,124	7,051	19,073
SOUTHWEST AIRLINES: LUV	2012-03	PURCHASE	2020-04	89,899	24,439	65,460
TE CONNECTIVITY LTD F: TEL	2012-11	PURCHASE	2020-12	53,907	15,265	38,642
U S BANCORP: USB	2011-03	PURCHASE	2020-06	42,645	30,334	12,311
US TREASU NT 2.625%11XXXMATURED:	2010-12	PURCHASE	2020-11	30,000	30,000
US TREASU NT 2.625%11XXXMATURED	2010-12	PURCHASE	2020-11	320,000	320,000
US TREASUR NT 2.25%02XXXMATURED	2018-03	PURCHASE	2020-02	1,750,000	1,750,000
VIACOMCBS INC	2018-06	PURCHASE	2020-06	24,938	55,770	-30,832
VIATRIS INC: VTRS	2014-07	PURCHASE	2020-11	12	9	3
VODAFONE GROUP 1	2016-10	PURCHASE	2020-06	77,382	139,370	-61,988
VODAFONE GROUP	2016-11	PURCHASE	2020-06	13,080	21,425	-8,345
WALMART INC: WMT	2015-08	PURCHASE	2020-06	72,107	41,825	30,282
WALMART INC: WMT	2015-08	PURCHASE	2020-09	26,778	13,593	13,185
WELLS FARGO BK N A: WFC	2016-04	PURCHASE	2020-04	105,459	167,611	-62,152
WELLS FARGO BK N A: WFC	2016-11	PURCHASE	2020-04	64,264	98,879	-34,615
WEYERHAEUSER CO	2018-12	PURCHASE	2020-06	45,031	48,191	-3,160
WEYERHAEUSER CO	2018-12	PURCHASE	2020-07	74,400	66,204	8,196
WEYERHAEUSER CO	2018-12	PURCHASE	2020-11	53,194	43,278	9,916

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

CLARK FOUNDATION

EIN:

23-7423789

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS 2.6%
AMGEN INC. 3.45%
JP MORGAN CHASE & CO 4.250%
APPLE INC 2.85%	302,689	302,689
APPLIED MATERIALS INC 4.300%
UNITEDHEALTH GROUP INC 2.875	256,260	256,260
ORACLE CORPORATION 2.5%	308,137	308,137
CELGENE CORP 3.25%	314,910	314,910
CHEVRON CORP 2.355%	310,427	310,427
GOLDMAN SACHS GROUP	329,723	329,723
NIKE INC	327,152	327,152
ALLY FINL INC.
SUNTRUST BANK (ATLA 3%23)	315,408	315,408
CVS HEALTH CORP 4.3%28	356,830	356,830
DUKE ENERGY PROGR 3.7%28	348,262	348,262
TARGET CORP 3.375%29	350,657	350,657
CITIGROUP INC	351,990	351,990
INTEL CORP	296,624	296,624
PAYPAL HOLDINGS	320,860	320,860
THE ALLSTATE COR	298,479	298,479
FEDERAL FARM CR	274,887	274,887

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

CLARK FOUNDATION

EIN:

23-7423789

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AT&T INC	194,993	194,993
ACCENTURE	199,826	199,826
AIR PROD & CHEMICALS	207,647	207,647
ALLEGHENY CORP	175,070	175,070
ALLSTATE CORP COM	179,736	179,736
AMERICAN INTL GROUP
APPLE INC	605,066	605,066
ASTRAZENECA PLC SPND ADR	218,206	218,206
BAKER HUGHES	248,845	248,845
BANK OF AMERICA	213,079	213,079
BERKSHIRE HATHAWAY	306,068	306,068
BLACKROCK	266,970	266,970
BORG WARNER INC
CHARLES SCHWABB	271,034	271,034
CHUBB LTD	269,360	269,360
CIEN CORP	154,322	154,322
CISCO SYSTEMS INC	229,120	229,120
CITIGROUP INC	238,933	238,933
COHERENT INC	168,022	168,022
CVS HEALTH	251,344	251,344
DANONE	169,645	169,645
DISCOVERY COMM	247,234	247,234
EMBRAER SA	89,688	89,688
EXTENDED STAY AMERICA IN	202,453	202,453
FEDEX CORP	157,070	157,070
FIRSTENERGY CORP	143,714	143,714
FIRST REPUBLIC BANK	268,882	268,882
FORD MOTOR	180,362	180,362
GENERAL DYNAMICS	200,163	200,163
GILEAD SCIENCES INC	187,306	187,306
GOLDMAN SACHS	305,904	305,904
HILLROM HOLDINGS	180,265	180,265
HOME DEPOT	156,716	156,716
HOWARD HUGHES CORP	195,352	195,352
HP INC	319,301	319,301
IMAX CORP	208,491	208,491
INGREDION INC	206,902	206,902
INTEL CORP	196,789	196,789
INTERCONTINENTAL EXC	193,111	193,111
INTERNTNL PAPER	206,089	206,089
JM SMUCKER CO
JP MORGAN CHASE & CO	363,420	363,420
JEFFRIES
JOHNSON AND JOHNSON	261,251	261,251
KELLOGG CO	180,778	180,778
KROGER CO	234,230	234,230
LEGGETT & PLATT INC
MADISON SQUARE GARDEN	198,828	198,828
MAGNA INTL INC	264,438	264,438
MCKESSON CORP	214,791	214,791
MEDTRONIC PLC	212,023	212,023
MERCK & CO INC COM	188,958	188,958
METHANEX CORP	194,982	194,982
MICROSOFT CORP COM	479,315	479,315
MOLSON COORS BREWING	150,257	150,257
NEWMONT MINING CORP	304,541	304,541
NOBLE ENERGY INC
PFIZER INC	230,431	230,431
PNC FINCL SERVICES GROP
PORTLAND GENERL ELEC
PROCTOR & GAMBLE CO	261,583	261,583
QUALCOMM INC	316,106	316,106
QUEST DIAGNOSTIC INC	216,294	216,294
RAYTHEON COMPANY	227,330	227,330
ROYAL DUTCH SHELL PLC ADR A	174,646	174,646
SALESFORCE	203,615	203,615
SAP SE	281,642	281,642
SCHLUMBERGER LTD COM
SIEMENS A G	192,397	192,397
SOUTHERN CO	192,583	192,583
SOUTHWEST AIRLINES
SPECTRUM BRANDS HLDG
TE CONNECTIVITY LTD	234,270	234,270
US BANCORP	266,728	266,728
UNILEVER PLC	199,792	199,792
VIACOMCBS INC	173,632	173,632
VIATRIS	14,542	14,542
VODAFONE	211,109	211,109
WALGREENS	182,052	182,052
WAL MART STORES INC COM	291,183	291,183
WALT DISNEY	277,205	277,205
WELLS FARGO & CO

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

CLARK FOUNDATION

EIN:

23-7423789

US Government Securities - End of Year Book Value:

4,325,921

US Government Securities - End of Year Fair Market Value:

4,325,921

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

CLARK FOUNDATION

EIN:

23-7423789

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISHARES MSCI INDIA	FMV
ISHARS TR RUSSELL 2000 VALUE ETF	FMV
ISHARES TR RUSSELL 2000 VALUE ETF	FMV
ISHARES INC CORE MSCI	FMV	402,950	402,950
ISHARES CORE S&P SMALL	FMV	426,876	426,876
VANGUARD MSCI EUROPEAN	FMV	485,233	485,233
WEYERHAEUSER CO	FMV
VANGUARD GROWTH ETF	FMV	1,959,585	1,959,585
REALTY INCM CORP	FMV	165,061	165,061

- TIN:

TY 2020 LegalFeesSchedule

Name:

CLARK FOUNDATION

EIN:

23-7423789

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT LEGAL FEES	2,416

- TIN:

TY 2020 OtherExpensesSchedule

Name:

CLARK FOUNDATION

EIN:

23-7423789

Description	Revenue and Expenses per Books	Net Investment Income
EXPENSES
LICENSES AND PERMITS	50
BROKERAGE FEE	1,835	1,835
WEB HOSTING	288
OFFICE SUPPLIES	330

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

CLARK FOUNDATION

EIN:

23-7423789

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PARTNERSHIPS	989

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

CLARK FOUNDATION

EIN:

23-7423789

Description	Amount
UNREALIZED GAIN ON INVESTMENTS	216,669

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

CLARK FOUNDATION

EIN:

23-7423789

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MANAGEMENT FEE	106,945	106,945
ADMINISTRATIVE FEE	3,000	3,000

- TIN:

TY 2020 TaxesSchedule

Name:

CLARK FOUNDATION

EIN:

23-7423789

Category	Amount	Net Investment Income
FOREIGN DIVIDEND TAX	7,987	7,987
STATE TAXES	2,400
FEDERAL INCOME TAX	6,154