Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
CLIFTON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4579 LAKE SHORE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WACO, TX767101814
A Employer identification number

74-2832766
B Telephone number (see instructions)

(254) 741-6400
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$3,491,426J Accounting method:
Modified cash
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 38 38  
4 Dividends and interest from securities... 55,012 50,507  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 68,755
b Gross sales price for all assets on line 6a 178,575
7 Capital gain net income (from Part IV, line 2)... 68,755
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 40,910 -29,395  
12 Total. Add lines 1 through 11........ 164,715 89,905  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 34,332 30,532   3,800
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,900 1,450   1,450
c Other professional fees (attach schedule).... Click to see attachment 17,316 17,316   0
17 Interest............... 265 265   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,481 466   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,753 866   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 74,047 50,895   5,250
25 Contributions, gifts, grants paid....... 113,505 113,505
26 Total expenses and disbursements. Add lines 24 and 25 187,552 50,895   118,755
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -22,837
b Net investment income (if negative, enter -0-) 39,010
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 780,152 40,238 40,238
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 78,836 Click to see attachment123,786 123,786
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,476,281 Click to see attachment3,327,402 3,327,402
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,335,269 3,491,426 3,491,426
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 3,335,269 3,491,426
29 Total net assets or fund balances (see instructions)..... 3,335,269 3,491,426
30 Total liabilities and net assets/fund balances (see instructions). 3,335,269 3,491,426
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
3,335,269
2
Enter amount from Part I, line 27a .....................
2
-22,837
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
178,994
4
Add lines 1, 2, and 3 ..........................
4
3,491,426
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
3,491,426
Form 990-PF (2021)
Form 990-PF (2021)
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 BREVET DIRECT LENDING-SHORT DURATION FUND, LTD. P 2017-10-25 2021-01-29
b BREVET DIRECT LENDING-SHORT DURATION FUND, LTD. P 2017-10-25 2021-04-30
c BREVET DIRECT LENDING-SHORT DURATION FUND, LTD. P 2017-10-25 2021-07-29
d BREVET DIRECT LENDING-SHORT DURATION FUND, LTD. P 2017-10-25 2021-10-29
e CARILLON REAMS UNCONSTRAINED BOND FD (FORMERLY SCOUT) P 2016-04-28 2021-02-19
CARILLON REAMS UNCONSTRAINED BOND FD (FORMERLY SCOUT) P 2016-04-29 2021-02-19
CARILLON REAMS UNCONSTRAINED BOND FD (FORMERLY SCOUT) P 2016-05-31 2021-02-19
CARILLON REAMS UNCONSTRAINED BOND FD (FORMERLY SCOUT) P 2016-06-30 2021-02-19
CARILLON REAMS UNCONSTRAINED BOND FD (FORMERLY SCOUT) P 2016-07-29 2021-02-19
CARILLON REAMS UNCONSTRAINED BOND FD (FORMERLY SCOUT) P 2016-08-31 2021-02-19
CARILLON REAMS UNCONSTRAINED BOND FD (FORMERLY SCOUT) P 2017-02-17 2021-02-19
CARILLON REAMS UNCONSTRAINED BOND FD (FORMERLY SCOUT) P 2019-01-03 2021-02-19
LONG TERM CAPITAL GAIN DISTRIBUTIONS PER FORMS 1099 P    
SHORT TERM CAPITAL GAIN DISTRIBUTIONS PER FORMS 1099 P    
LONG TERM CAPITAL GAINS ALLOCATED FROM CAPITAL SPRING P    
(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 8,000   6,453 1,547
b 3,303   2,822 481
c 6,202   5,571 631
d 6,234   5,435 799
e 26,631   23,882 2,749
18   16 2
164   146 18
157   141 16
114   103 11
76   69 7
25,045   22,552 2,493
47,775   42,630 5,145
53,951     53,951
902     902
3     3
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       1,547
b       481
c       631
d       799
e       2,749
      2
      18
      16
      11
      7
      2,493
      5,145
      53,951
      902
      3
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 68,755
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 542
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- ..... 5 542
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 640
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 600
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,240
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 10 698
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet698 RefundedBullet 11 0
Part VI-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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJAMES R CLIFTON Telephone no.bullet (254) 741-6400

    Located atbullet4579 LAKE SHORE DRIVEWACOTX ZIP+4bullet767101814
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    JAMES R CLIFTON PRESIDENT
    5.00     		11,444 0 0
    4579 LAKE SHORE DR
    WACO,TX76710
    WILLIAM L CLIFTON JR V/P
    5.00     		11,444 0 0
    4579 LAKE SHORE DR
    WACO,TX76710
    DAVID NEMEC SEC/TREAS
    5.00     		11,444 0 0
    4579 LAKE SHORE DR
    WACO,TX76710
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 N/A 0
    2  
    3  
    4  
    Part VIII-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 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    3,243,451
    b
    Average of monthly cash balances.......................
    1b
    221,213
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,464,664
    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
    3,464,664
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    51,970
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    3,412,694
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    170,635
    Part X
    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 IX, line 6..................
    1
    170,635
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    542
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    14,437
    c
    Add lines 2a and 2b............................
    2c
    14,979
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    155,656
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    155,656
    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 XII, line 1 ...
    7
    155,656
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 155,656
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017...... 7,762
    c From 2018...... 23,311
    d From 2019...... 27,357
    e From 2020...... 29,794
    f Total of lines 3a through e ........ 88,224
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 118,755
    a Applied to 2020, 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 2021 distributable amount..... 118,755
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 36,901 36,901
    (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 51,323
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		51,323
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 21,529
    d Excess from 2020.... 29,794
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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).)
    JAMES R CLIFTON
    WILLIAM L CLIFTON JR
    DAVID NEMEC
    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:
    JAMES R CLIFTON THE CLIFTON FOUNDAT
    4579 LAKE SHORE DR
    WACO,TX76710
    (254) 741-6400
    bThe form in which applications should be submitted and information and materials they should include:
    OUTLINE OF CHARITABLE ACTIVITIES/PROGRAMS INCLUDING IRS TAX EXEMPTION LTR
    cAny submission deadlines:
    SEPTEMBER 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ASSOCIATION FOR RETARDED CITIZENS TEXAS
    PO BOX 3367
    WACO,TX76707     		  PC GENERAL USE 500
    BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION--KWBU-FM
    ONE BEAR PLACE 97296
    WACO,TX76798     		  PC GENERAL USE 1,000
    CARE NET PREGNANCY CENTER
    4700 W WACO DRIVE
    WACO,TX76710     		  PC CAPITAL PROJECTS 1,000
    CARITAS OF WACO
    300 SOUTH 15TH STREET
    WACO,TX76701     		  PC GENERAL USE 21,000
    CEDAR CREEK VETERANS FOUNDATION
    PO BOX 489
    MABANK,TX75147     		  PC SPONSOR EVENT 500
    CENTRAL TEXAS SENIOR MINISTRIES
    PO BOX 85
    WACO,TX76703     		  PC MEALS ON WHEELS 5,000
    COMPASSION MINISTIES OF WACO INC
    1421 AUSTIN AVENUE
    WACO,TX76701     		  PC SPONSOR EVENT 1,500
    CULVER EDUCATIONAL FOUNDATION
    1300 ACADEMY ROAD
    CULVER,IN46544     		  PC GENERAL USE 10,000
    DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE
    300 SOUTH 5TH STREET
    WACO,TX76701     		  PC GENERAL USE 1,000
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		  PC TRINITY COLLEGE 1,000
    EDUCATIONAL FOUNDATION INC
    PO BOX 309
    CHAPEL HILL,NC27514     		  PC GENERAL USE 1,000
    FAMILY ABUSE CENTER
    PO BOX 20395
    WACO,TX76702     		  PC GENERAL USE 1,000
    FUZZY FRIENDS RESCUE
    PO BOX 20966
    WACO,TX76702     		  PC SPONSOR EVENT 1,000
    HILLSDALE COLLEGE
    33 EAST COLLEGE STREET
    HILLSDALE,MI49242     		  PC GENERAL USE 500
    HISTORIC WACO FOUNDATION INC
    810 SOUTH 4TH STREET
    WACO,TX76706     		  PC GENERAL USE 1,500
    JUNIOR LEAGUE OF WACO
    2600 AUSTIN AVENUE
    WACO,TX76710     		  PC ENDOWMENT 1,000
    KEEP WACO BEAUTIFUL INC
    PO BOX 1493
    WACO,TX76703     		  PC GENERAL USE 75
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    600 MEMORIAL DRIVE W98--2ND FLOOR
    CAMBRIDGE,MA02139     		  PC SLOAN SCHOOL OF MANAGEMENT 1,000
    MAYO CLINIC
    200 FIRST ST SW
    ROCHESTER,MN55905     		  PC GENERAL USE 1,000
    MCLENNAN COMMUNITY COLLEGE FOUNDATION
    1400 COLLEGE DRIVE
    WACO,TX76708     		  PC GENERAL USE 1,000
    MISSION WACOMISSION WORLD INC
    1315 N 15TH STREET
    WACO,TX76707     		  PC GENERAL USE 1,000
    MUSEUM OF THE BIBLE
    7707 SW 44TH
    OKLAHOMA CITY,OK73179     		  PC CAPITAL CAMPAIGN 1,000
    NATIONAL PARK FOUNDATION
    1110 VERMONT AVENUE NW SUITE 200
    WASHINGTON,DC02005     		  PC GENERAL USE 2,500
    PROVIDENCE FOUNDATION
    6901 MEDICAL PARKWAY
    WACO,TX76712     		  PC GENERAL USE 1,000
    SALVATION ARMY
    4721 W WACO DRIVE
    WACO,TX76710     		  PC GENERAL USE 1,250
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750356
    DALLAS,TX75275     		  PC TEMERLIN ADVERTISING INSTITUTE 1,000
    TALITHA KOUM INSTITUTE
    PO BOX 2202
    WACO,TX76703     		  PC GENERAL USE 1,500
    THE GREATER WACO INTERFAITH CONFERENCE
    PO BOX 21902
    WACO,TX76702     		  PC GENERAL USE 250
    THE GREATER WACO UNITED FUND FOUNDATION
    4224 COBBS DRIVE
    WACO,TX76710     		  SO I ENDOWMENT 6,365
    THE WACO FOUNDATION
    1105 WOODED ACRES SUITE 701
    WACO,TX76710     		  PC MAC SCHOLARSHIP FUND 5,000
    THE WACO FOUNDATION
    1105 WOODED ACRES SUITE 701
    WACO,TX76710     		  PC GENERAL USE 5,000
    TRINITY SCHOOL OF MIDLAND
    3500 W WADLEY AVE
    MIDLAND,TX79707     		  PC GENERAL USE 1,000
    TSTC FOUNDATION
    3801 CAMPUS DRIVE
    WACO,TX76705     		  PC SCHOLARSHIP FUND 2,500
    UNITED SERVICE ORGANIZATIONS INC
    PO BOX 96860
    WASHINGTON,DC20077     		  PC GENERAL USE 2,500
    UNITED WAY OF WACO-MCLENNAN COUNTY
    4224 COBBS DRIVE
    WACO,TX76710     		  PC GENERAL USE 6,365
    UNIVERSITY OF SOUTH CAROLINA
    1600 HAMPTON STREET
    COLUMBIA,SC29208     		  PC JOURNALISM--MISC SCHOLARSHIPS 1,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    PO BOX 80354
    LOS ANGELES,CA90080     		  PC USC ENGINEERING INNOVATION FUND 1,000
    UNIVERSITY OF TEXAS--MD ANDERSON CANCER CENTER
    PO BOX 4486
    HOUSTON,TX77210     		  PC GENERAL USE 1,000
    VIRGINIA EPISCOPAL SCHOOL
    PO BOX 408
    LYNCHBURG,VA24505     		  PC GENERAL USE 1,000
    WACO CHAMBER COMMUNITY DEVELOPMENT FND
    PO BOX 1220
    WACO,TX76703     		  PC THE MOMENTUM FUND 9,000
    WACO COMMUNITY DEVELOPMENT CORPORATION
    1624 COLCORD
    WACO,TX76707     		  PC GENERAL USE 1,000
    WISD EDUCATION FOUNDATION
    501 FRANKLIN AVENUE
    WACO,TX76701     		  PC GREATER WACO ADVANCED MFG ACADEMY 5,000
    WORLD HUNGER RELIEF INC
    PO BOX 639
    ELM MOTT,TX76640     		  PC GENERAL USE 1,100
    BYNAM SCHOOL
    PO BOX 80175
    MIDLAND,TX79708     		  PC GENERAL USE 1,250
    HILLCREST SCHOOL
    2800 NORTH A STREET
    MIDLAND,TX79705     		  PC GENERAL USE 850
    OAKWOOD CEMETERY
    2124 S 5TH STREET
    WACO,TX76706     		  PC GENERAL USE 500
    UNITED WAY OF WACO-MCLENNAN COUNTY
    4224 COBBS DRIVE
    WACO,TX76710     		  PC CHILD WELL BEING 1,000
    Total .................................bullet 3a 113,505
    bApproved for future payment
    CULVER EDUCATIONAL FOUNDATION
    1300 ACADEMY ROAD
    CULVER,TX46511     		  PC GENERAL USE 40,000
    THE GREATER WACO UNITED FUND FOUNDATION
    4224 COBBS DRIVE
    WACO,TX76710     		  SO I ENDOWMENT 6,365
    UNITED WAY OF WACO-MCLENNAN COUNTY
    4224 COBBS DRIVE
    WACO,TX76710     		  PC GENERAL USE 6,365
    WACO CHAMBER COMMUNITY DEVELOPMENT FND
    PO BOX 1220
    WACO,TX76703     		  PC THE MOMENTUM FUND 36,000
    WACO FAMILY PRACTICE FOUNDATION
    1600 PROVIDENCE DRIVE
    WACO,TX76707     		  SO I CAPITAL PROJECT 95,000
    VANGUARD FOUNDATION
    2517 MT CARMEL
    WACO,TX76710     		  PC CAPITAL PROJECT 30,000
    Total .................................bullet 3b 213,730
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 38  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 68,755  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCENTRABANC-SUB S INCOME     		522100 68,865      
    bENERGY TRANSFER -UBIT FROM PTP 211110 1,440 41 -270  
    cHAYMAN HONG KONG OPP - INVESTMENT INCOME 523000   41 -29,111  
    dENERGY TRANSFER -1231 211110   18 -14  
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 70,305 94,410 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    164,715
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN:
    74-2832766
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,900 1,450   1,450

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CLIFTON FOUNDATION
    EIN:
    74-2832766
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATH HLD B 123,786 123,786

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CLIFTON FOUNDATION
    EIN:
    74-2832766
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CAPITAL SPRINGS LP FMV 10,674 10,674
    CAPITAL CENTRABANC FMV 538,828 538,828
    COHO RELATIVE VALUE EQUITY FUND FMV 126,736 126,736
    FIRST EAGLE GOLD FUND FMV 486,343 486,343
    FPA CRESCENT FMV 157,583 157,583
    FIRST EAGLE GLOBAL FUND CLASS 1 FMV 252,252 252,252
    WCM FOCUSED INTL GROWTH FD INST FMV 159,240 159,240
    IVY SCIENCE & TECHNOLOGY FUND CLASS Y FMV 57,134 57,134
    BREVET DIRECT LENDING-SHORT TERM DURATION FUND, LTD. FMV 670,786 670,786
    ISHARES S&P 500 GROWTH FMV 142,006 142,006
    CARILLON REAMS UNCONSTRAINED BOND FD (FORMERLY SCOUT) FMV 45,922 45,922
    STELLUS CREDIT MASTER FUND II, LLC FMV 123,447 123,447
    SALIENT MLP & ENERGY INFRASTRUCTURE II FMV 271,753 271,753
    BREVET DIRECT LENDING-INTERMEDIATE DURATION FUND, L.P. FMV 230,362 230,362
    ENERGY TRANSFER PARTNER LP FMV 54,179 54,179
    HAYMAN HONG KONG OPPORTUNITIES ONSHORE FUND LP FMV 157 157

    TY 2021 OtherExpensesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN:
    74-2832766
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEES 95 90   0
    OTHER PORTFOLIO DEDUCTIONS-CAPITALSPRING 424 424   0
    OTHER PORTFOLIO DEDUCTIONS-STELLUS CREDIT 311 311   0
    OTHER DEDUCTIONS-HAYMAN HONG KONG 41 41   0
    NONDEDUCTIBLE EXPENSES ALLOCATED FROM ENERGY TRANSFER 13 0   0
    NONDEDUCTIBLE EXPENSES ALLOCATED FROM CENTRABANC 1,739 0   0
    CHARITABLE DEDUCTION FROM ENERGY TRANSFER 7 0   0
    CHARITABLE DEDUCTION FROM CENTRABANC 373 0   0
    DUES 750 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    CLIFTON FOUNDATION
    EIN:
    74-2832766
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ENERGY TRANSFER 0 -270 0
    HAYMAN HONG KONG OPP FUND LP 0 -29,111 0
    ENERGY TRANSFER LP 0 -14 0
    CENTRABANC-SUB S INCOME 68,865   68,865
    ENERGY TRANSFER -UBIT FROM PTP 1,170   1,170
    HAYMAN HONG KONG OPP - INVESTMENT INCOME -29,111   -29,111
    ENERGY TRANSFER -1231 -14   -14


    TY 2021 OtherIncreasesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN:
    74-2832766
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 178,994


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN:
    74-2832766
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT AND MANAGEMENT FEES 17,316 17,316   0


    TY 2021 TaxesSchedule
    Name:
    CLIFTON FOUNDATION
    EIN:
    74-2832766
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 466 466   0
    EXCISE TAX & UBTI TAX 15,015 0   0