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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Victor E Clarke Charitable Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)55 SE 2nd Ave
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Delray Beach, FL33444
A Employer identification number

47-6777228
B Telephone number (see instructions)

(561) 819-5409
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$114,389,758J 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) 61,547,032
2 Check bullet.............
3 Interest on savings and temporary cash investments 79,990 79,990  
4 Dividends and interest from securities... 593,673 593,673  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 170,258
b Gross sales price for all assets on line 6a 9,782,059
7 Capital gain net income (from Part IV, line 2)... 170,258
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 62,390,953 843,921  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,857 0   0
b Accounting fees (attach schedule)....... Click to see attachment 15,660 0   0
c Other professional fees (attach schedule).... Click to see attachment 142,206 140,454   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 18,521 91   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 1,625 0   0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 87 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 182,956 140,545   0
25 Contributions, gifts, grants paid....... 3,435,000 3,435,000
26 Total expenses and disbursements. Add lines 24 and 25 3,617,956 140,545   3,435,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 58,772,997
b Net investment income (if negative, enter -0-) 703,376
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 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......... 14,674,473 10,064,090 10,064,090
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..........   2,783 2,783
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 21,586,716 Click to see attachment84,590,939 100,568,978
c Investments—corporate bonds (attach schedule)....... 3,302,421 Click to see attachment2,583,312 2,612,527
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,196 Click to see attachment1,103,429 1,141,130
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment250 Click to see attachment250
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 39,571,806 98,344,803 114,389,758
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 FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 39,571,806 98,344,803
29 Total net assets or fund balances (see instructions)..... 39,571,806 98,344,803
30 Total liabilities and net assets/fund balances (see instructions). 39,571,806 98,344,803
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
39,571,806
2
Enter amount from Part I, line 27a .....................
2
58,772,997
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
98,344,803
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 29 .
6
98,344,803
Form 990-PF (2020)
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.)
1 a Publicly traded securities      
b .0974172 shares Gables Engineering common stock, fractional shs redemption D 2020-08-11 2020-08-20
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 9,781,887   9,611,633 170,254
b 172   168 4
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       170,254
b       4
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 2 170,258
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 9,777
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 0
3 Add lines 1 and 2........................... 3 9,777
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 9,777
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 12,560
b Exempt foreign organizations—tax withheld at source...... 6b 0
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.............. 7 12,560
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,783
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,783 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the 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)
    bullet
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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
    Yes
     
    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 ofbulletHickok Law Firm PA Telephone no.bullet (561) 819-6219

    Located atbullet55 SE 2nd Ave STE 203Delray BeachFL ZIP+4bullet33444
    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 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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 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.)..................
    3b
     
    No
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    Gary A Galimidi Trustee
    10.00     		0 0 0
    247 Greco Ave
    Coral Gables,FL33146
    Andrew M Jackson Trustee
    10.00     		0 0 0
    55 SE 2nd Ave
    Delray Beach,FL33444
    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 (2020)
    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
    Barrett Asset Management LLC Brokerage - see also Stmt 5 87,449
    90 Park Ave FL 34
    New York,NY100161301
    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  
    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 (2020)
    Form 990-PF (2020)
    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
    30,868,626
    b
    Average of monthly cash balances.......................
    1b
    13,538,186
    c
    Fair market value of all other assets (see instructions)................
    1c
    26,726,142
    d
    Total (add lines 1a, b, and c).........................
    1d
    71,132,954
    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
    71,132,954
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,066,994
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    70,065,960
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,503,298
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,503,298
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,777
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,777
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,493,521
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,493,521
    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
    3,493,521
    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
    3,435,000
    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
    3,435,000
    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
    3,435,000
    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)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 3,493,521
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 139,111
    b From 2016...... 470,933
    c From 2017...... 461,234
    d From 2018...... 173,809
    e From 2019...... 105,415
    fTotal of lines 3a through e........ 1,350,502
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,435,000
    a Applied to 2019, 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 2020 distributable amount..... 3,435,000
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 58,521 58,521
    (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 1,291,981
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		80,590
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,211,391
    10 Analysis of line 9:
    a Excess from 2016.... 470,933
    b Excess from 2017.... 461,234
    c Excess from 2018.... 173,809
    d Excess from 2019.... 105,415
    e Excess from 2020....  
    Form 990-PF (2020)
    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 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 e-mail address of the person to whom applications should be addressed:
    Andrew M Jackson
    55 SE 2nd Ave
    Delray Beach,FL33444
    (561) 819-5409
    andrew@andrewjacksonpa.com
    bThe form in which applications should be submitted and information and materials they should include:
    No particular form is required.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    All recipients must: be exempt under 501(c)(3), directly and actively conduct exempt activities, and have no relationship to the foundation.
    Form 990-PF (2020)
    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)
    aPaid during the year
    Baptist Health South Florida Foundation Inc
    6855 Red Rd STE 600
    Coral Gables,FL33143     		  PC $300,000 for NICU omnibed carestation in S. Miami Hospital; $150,000 for new high-tech cameras for every bed in NICU in S. Miami Hospital; $100,000 for labor and delivery unit in Bethesda Hospital East (Boynton Beach, FL); $50,000 for Miami Cancer Institute pediatric art therapy services; $400,000 for pediatric proton therapy research at Miami Cancer Institute 1,000,000
    Baptist Health South Florida Foundation Inc
    6855 Red Rd STE 600
    Coral Gables,FL33143     		  PC For the Miami Cancer Institute pediatric proton therapy research program 300,000
    Police Officer Assistance Trust
    1030 NW 111 Avenue
    Miami,FL33172     		  PC For the organization's general purposes of assisting officers and their families in times of need 150,000
    Society of Mary Inc
    698 Beacon Street
    Boston,MA02115     		  PC For the organization's general purposes of engaging in the "work of Mary" 60,000
    Task Force Dagger Foundation
    12655 N Central Expwy 330
    Dallas,TX75243     		  PC For the organization's SOF Health Program 100,000
    University of Miami
    1320 South Dixie Hwy
    Coral Gables,FL33146     		  PC $400,000 for Sylvester Comprehensive Cancer Center specifically for cancer research; $300,000 for Frost School of Music for restoration and renovation of Victor E. Clarke Recital Hall; $100,000 for Center for Autism and Related Disorders to support its "wallet card project." 800,000
    Special Operations Warrior Foundation
    1137 Marbella Plaza Drive
    Tampa,FL33619     		  PC For the organization's general purpose of empowering children of fallen special ops forces 350,000
    Wintriss Technical School DBA The League of Amazing Programmers
    12625 High Bluff Dr 113
    San Diego,CA92130     		  PC For the organization's general purpose of teaching Java Programming to young students 25,000
    United States Fund for UNICEF DBA UNICEF USA
    125 Maiden Lane 10th Floor
    New York,NY10038     		  PC For the organization's general purpose of supporting the United Nations Children's Fund 300,000
    World Wildlife Fund Inc
    1250 24th St NW
    Washington,DC20037     		  PC For the org's general purpose of wilderness preservation and reduction of human environmental impact 200,000
    American Heart Association Inc
    7272 Greenville Ave
    Dallas,TX75231     		  PC For the organization's general purpose of fighting heart disease and stroke 50,000
    Lupus Foundation of America Georgia Chapter
    1850 Lake Park Dr STE 101
    Smyrna,GA30080     		  PC For the organization's general purpose of solving the mysteries of Lupus 50,000
    Georgia Aquarium Inc
    225 Baker St NW
    Atlanta,GA30313     		  PC For the organization's "Expansion 2020" project 50,000
    Total .................................bullet 3a 3,435,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    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
    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 ...........     		    01 79,990  
    4 Dividends and interest from securities....     01 593,673  
    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 ............     		    01 170,258  
    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).. 0 843,921 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    843,921
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    Victor E Clarke Charitable Foundation
     
    Employer identification number

    47-6777228
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Victor E Clarke Charitable Foundation
          		Employer identification number
    47-6777228
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Victor E Clarke Declaration of Trust
     
    247 Greco Ave
     
    Coral Gables, FL33146

    		$ 61,547,032


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    Victor E Clarke Charitable Foundation
          		Employer identification number

    47-6777228
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 35,775.0974172 shares of Gables Engineering Inc. see Statement 13 for why amount differs from Part I $ 49,904,000 2020-08-11
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    Victor E Clarke Charitable Foundation
          		Employer identification number

    47-6777228
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Hickok Law Firm, P.A. 15,660 0   0

    TY 2020 GeneralExplanationAttachment
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Identifier Return Reference Explanation
      Form 990-PF page 5, Part VII-A, Line 11 The CCH tax software generates Statement 11 of the return and references same for Line 11, Part VII-A, at the top of page 5 of Form 990-PF. The software is generating a diagnostic indicating that said Statement 11 is generated only for the paper return and not for the electronic return. The required information for said Line 11 is as follows:The Foundation owns approximately 32.93% of Gables Engineering, Inc., a Florida corporation, that operates an engineering/ aircraft parts manufacturing business and has one class of stock. It is a controlled entity due to attribution via IRC s. 318. The Foundation received the stock as a bequest on August 11, 2020 from the Victor E. Clarke Declaration of Trust, EIN: 46-7152621. The Foundation still held the stock on December 31, 2020. The stock appears as the last item on Statement 8. The permitted holdings under IRC s. 4943(c)(2) are 0% because disqualified persons own more than 20% of the stock. The Foundation's stock holdings in the controlled entity are not excess business holdings because of the 5-year rule under IRC s. 4943(c)(6)(A). The name, address, and EIN of the controlled entity is as follows:Gables Engineering, Inc.247 Greco AvenueCoral Gables, FL 33146EIN: 59-0561349
      Form 990-PF, Schedule B, Parts I and II As stated in Statement 12, on August 11, 2020, the Victor E. Clarke Declaration of Trust, EIN: 46-7152621 distributed as a bequest to the Foundation approximately 32.93% of the outstanding sole class of stock of Gables Engineering, Inc. The Foundation recorded the stock for book purposes at a transferred tax basis, which is reported in Part I of Schedule B. Due to a fractional redemption of stock, the final book value on Statement 8 is slightly lower than the amount reported in Part I of Schedule B (see the last stock reported on Statement 8). The amount reported in Part II of Schedule B is the fair market value of the stock on August 11, 2020 per a professional valuation report commissioned by the Foundation. The value was significantly higher on December 31, 2020 (see the last stock reported on Statement 8) per a later valuation report commissioned by the Foundation. The company experienced dramatic fluctuations in value during 2020 due to the COVID-19 pandemic and other market forces.The amount reported in Part I of Schedule B ties to the amount of contributions reported on Line 1 of Part I on Page 1 of Form 990-PF. The transferred tax basis is the appropriate amount for Part I of Schedule B in order for the balance sheet to tie to the income statement. The amount reported in Part II of Schedule B does not match the amount reported in Part I of Schedule B because Part II is explicitly asking for the fair market value of the stock which, in this case, is not the carrying value of the stock.The carrying value is, under IRC s. 1015, a transferred basis from the donor and is the basis for determining gain for purposes of IRC s. 4940. Because the fair market value at the time of the gift was less than the donor's basis, under IRC s. 1015, said fair market value is the basis for determining loss for purposes of IRC s. 4940. See also Friedman Foundation v. CIR, 71 T.C. 40 (1978).

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Name of Bond End of Year Book Value End of Year Fair Market Value
    American Express Co 3.00% 50,000 par 49,803 54,562
    Burlington Northn Santa Fe LLC SR Unsecd NT 3.00% 140,000 par 141,490 147,031
    Cardinal Health 3.50% 100,000 par 102,741 109,505
    Citigroup Inc Sub NT 4.00% 140,000 par 144,662 155,795
    CVS Health Corp 3.00% 100,000 par 101,238 110,334
    CVS Health Corp 3.50% 50,000 par 49,850 52,183
    CVS Health Corp 3.70% 50,000 par 50,050 53,435
    CVS Health Corp FXD RT SR NT 2.125% 50,000 par 49,110 50,296
    Georgia Power Co 2.4% 50,000 par 49,892 50,167
    Goldman Sachs Group 3.00% 500,000 par 508,319 504,173
    Nordstrom 4% 100,000 par 102,582 101,250
    Thermo Fisher Scn 3.00% 50,000 par 50,112 52,742
    Toyota Motor Credit 4.25% 100,000 par 102,525 100,051
    Xcel Energy Inc 2.4% 50,000 par 50,415 50,111
    Darden Restaurants Inc Unsecured Sr Nt 3.850% 100,000 par 109,025 109,640
    Apple Inc 2.25% 100,000 par 100,790 100,055
    O'Reilly Automotive 4.625% 100,000 par 103,864 101,995
    Ameriprise Finl, IN 3% 100,000 par 102,322 103,251
    JP Morgan Chase 2.972% 100,000 par 103,098 102,759
    Wells Fargo & Co 3.069% 100,000 par 103,015 102,693
    Wells Fargo & Co 4% 25 100,000 par 102,532 100,152
    Morgan Stanley Step 27 50,000 par 50,450 49,055
    Citigroup Inc Step 27 50,000 par 50,375 49,949
    Roper Technologies 1.4% 27 200,000 par 205,052 201,343

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M Company (MMM) 2,400 shares 454,207 419,496
    Abbot Labs (ABT) 3,800 shares 291,439 416,062
    Abbvie Inc (ABBV) 2,800 shares 276,792 300,020
    Adobe Systems Inc (ADBE) 750 shares 105,662 375,090
    Allstate Corp Preferred 5.100% 4,000 shares 100,711 110,280
    Alphabet Inc Class A (GOOGL) 250 shares 247,127 438,160
    Alphabet Inc Class C (GOOG) 400 shares 447,892 700,752
    Amazon Com Inc (AMZN) 330 shares 542,651 1,074,787
    Apple Inc (AAPL) 9,600 shares 434,130 1,273,824
    Bank Amer Corp Preferred 5.875% Series HH 4,000 shares 109,326 110,200
    Blackrock Inc (BLK) 550 shares 279,293 396,847
    Chevron Corporation (CVX) 5,200 shares 559,082 439,140
    CMS Energy Corp Preferred 5.875% 4,000 shares 109,680 111,640
    Costco Wholesale Co (COST) 1,550 shares 373,136 584,009
    Danaher Corp Com (DHR) 3,300 shares 338,950 733,062
    Darden Restaurants Inc (DRI) 2,600 shares 203,242 309,712
    Duke Energy Corp New Preferred 5.625% 4,000 shares 100,440 115,080
    Ecolab Inc (ECL) 1,850 shares 273,536 400,266
    Enersys (ENS) 6,000 shares 401,309 498,360
    EOG Resources Inc (EOG) 5,100 shares 428,717 254,337
    Facebook Inc. Class A (FB) 1,600 shares 293,213 437,056
    Fidelity Natl Info (FIS) 4,100 shares 475,013 579,986
    First Republic Bank (FRC) 4,000 shares 385,203 587,720
    Goldman Sachs Group Inc Depositary Shs Preferred 5.500% 4,000 shares 106,792 109,320
    Johnson & Johnson (JNJ) 5,900 shares 793,313 928,542
    JP Morgan Chase & Co (JPM) 4,000 shares 432,629 508,280
    JPMorgan Chase & Co Preferred 6.000% 3,850 shares 100,413 109,648
    McDonald's Corp (MCD) 3,500 shares 709,435 751,030
    Merck & Co Inc (MRK) 6,800 shares 547,520 556,240
    Microsoft Corporation (MSFT) 5,500 shares 518,558 1,223,310
    Nike Inc Class B (NKE) 5,500 shares 445,050 778,085
    Nvidia Corp (NVDA) 200 shares 98,150 104,440
    Paypal Holdings Incorporated (PYPL) 3,300 shares 274,089 772,860
    Pepsico Inc (PEP) 5,500 shares 641,716 815,650
    Progressive Corp Ohio (PGR) 10,400 shares 727,984 1,028,352
    Roper Technologies Inc Com (ROP) 1,400 shares 435,763 603,526
    Schwab Charles Corp New Preferred 6.0% 4,000 shares 108,039 101,720
    Starbucks Corp (SBUX) 4,000 shares 236,521 427,920
    Stryker Corp (SYK) 1,800 shares 301,217 441,072
    Tetra Tech Inc (TTEK) 5,000 shares 291,339 578,900
    The Coca-Cola Co (KO) 8,000 shares 430,569 438,720
    Thermo Fisher Scientific Corp (TMO) 1,300 shares 314,446 605,514
    TJX Companies Inc (TJX) 9,500 shares 496,511 648,755
    Transunion (TRU) 5,800 shares 436,984 575,476
    Truist Financial Corp (TFC) 6,000 shares 297,129 287,580
    Unitedhealth Group Inc (UNH) 1,500 shares 391,474 526,020
    Verisk Analytics Inc Class A (VRSK) 1,400 shares 161,713 290,626
    Verizon Communications Inc (VZ) 11,000 shares 644,600 646,250
    Visa Inc Class A (V) 3,200 shares 486,708 699,936
    Walmart Inc (WMT) 2,500 shares 285,370 360,375
    Walt Disney Co (DIS) 5,800 shares 705,411 1,050,844
    Wells Fargo & Co New Preferred 6.625% 4,000 shares 115,315 117,320
    Wells Fargo & Co New Preferred DEP SHS REPSTG 1/1000TH INT 4,000 shares 106,495 107,400
    Zoetis Inc CL A (ZTS) 5,500 shares 531,118 910,250
    AT&T Inc Preferred 5.000% 4,000 shares 100,242 108,560
    AT&T Inc Ser C Preferred 4.750% 10,000 shares 256,300 267,600
    Citigroup Cap XIII Preferred 7.875% 10,000 shares 274,072 285,000
    Nextera Energy Cap Hldgs Inc Preferred 5.650% Ser N 3,850 shares 105,432 109,379
    Truist Finl Corp Preferred 5.250% 4,000 shares 100,000 111,280
    Ansys Inc (ANSS) 300 shares 96,600 109,140
    Boston Scientific Corp (BSX) 9,000 shares 344,584 323,550
    Colgate Palmolive Co (CL) 3,000 shares 226,505 256,530
    Dover Corp (DOV) 2,500 shares 225,871 315,625
    Marriott Intl Inc New CL A (MAR) 1,700 shares 151,590 224,264
    Marvell Technology Group Ltd (MRVL) 7,500 shares 198,955 356,550
    Nextera Energy Inc (NEE) 4,000 shares 257,335 308,600
    PNC Finl SVCS Group Inc (PNC) 2,000 shares 225,239 298,000
    Salesforce Com Inc (CRM) 1,050 shares 189,491 233,656
    Trane Technologies PLC (TT) 2,500 shares 213,436 362,900
    Ares Management Corp (ARES) 6,500 shares 249,733 305,825
    Fleetcor Technologies (FLT) 600 shares 147,257 163,698
    Vertex Pharmaceuticals (VRTX) 1,100 shares 278,310 259,974
    Gables Engineering 35,775/ 108,634 shares non-public company 61,546,865 68,399,000

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Accrued dividends reported on brokerage year-end tax reports AT COST 4 4
    Purchased bond interest AT COST 2,706 2,706
    Nextera Energy Partners LP (NEP) 2,000 shares AT COST 100,771 134,100
    Ishares TIPS Bond ETF (TIP) 3,000 shares AT COST 378,825 382,950
    Ishares Tr Is 1-5 Yr In GR CR CD ETF (IGSB) 5,000 shares AT COST 275,198 275,850
    Ishares 1-3 Year Treasury Bond ETF (SHY) 4,000 shares AT COST 345,925 345,520

    TY 2020 LegalFeesSchedule
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bilzin Sumberg 187 0   0
    Shutts & Bowen, LLP 1,728 0   0
    Hickok Law Firm, P.A. 2,942 0   0


    TY 2020 OtherAssetsSchedule
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Security deposit   250 250


    TY 2020 OtherExpensesSchedule
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Postage and mailing 87 0   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank of America Private Bank custody fees 4,439 4,439   0
    Inverness Counsel LLC managing assets held at Bank of America Private Bank 48,566 48,566   0
    Barrett Asset Management LLC managing assets held at Charles Schwab 87,449 87,449   0
    Paul A. Garcia, P.A. valuation of Gables Engineering shares 1,752 0   0


    TY 2020 TaxesSchedule
    Name:
    Victor E Clarke Charitable Foundation
    EIN:
    47-6777228
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IRC 4940 excise tax 18,324 0   0
    Foreign income taxes withheld on dividends 91 91   0
    Florida sales tax on office rent 106 0   0