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 10-01-2021 , and ending 09-30-2022
Name of foundation
THE LYNN AND HELEN CLARK FUND
FIRST INTERSTATE BANK TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address)401 NORTH 31ST STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BILLINGS, MT59101
A Employer identification number

84-6270492
B Telephone number (see instructions)

(303) 684-7849
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$2,703,265J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 198 198  
4 Dividends and interest from securities... 94,476 94,476  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 117,126
b Gross sales price for all assets on line 6a 443,007
7 Capital gain net income (from Part IV, line 2)... 117,126
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........ 211,800 211,800  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,088 28,062   12,026
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 1,850 1,480   370
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,185 6,185   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 48,123 35,727   12,396
25 Contributions, gifts, grants paid....... 152,700 152,700
26 Total expenses and disbursements. Add lines 24 and 25 200,823 35,727   165,096
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,977
b Net investment income (if negative, enter -0-) 176,073
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......... 40,128 54,511 54,511
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)....... 2,223,832 Click to see attachment2,221,132 2,474,996
c Investments—corporate bonds (attach schedule)....... 176,724 Click to see attachment176,018 173,758
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,440,684 2,451,661 2,703,265
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........ 2,440,684 2,451,661
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 2,440,684 2,451,661
30 Total liabilities and net assets/fund balances (see instructions). 2,440,684 2,451,661
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
2,440,684
2
Enter amount from Part I, line 27a .....................
2
10,977
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,451,661
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
2,451,661
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 910.661 SH. INVESCO OPPENHEIMER   2020-05-01 2022-06-22
b 1,081.613 SH. ARTISAN HIGH INCOME   2021-01-22 2022-02-02
c 70 SH. BIOGEN IDEC INC   2016-10-21 2022-02-02
d 400 SH. CERNER CORP COM   2016-04-04 2022-02-02
e 370 SH. CITIGROUP INC COM NEW   2016-10-26 2022-02-02
5,242.256 SH. DFA GLOBAL REAL ESTATE   2020-05-01 2022-02-02
521.299 SH. DFA GLOBAL REAL ESTATE   2020-05-01 2022-06-22
655.185 SH. GMO RESOURCES FUND   2020-05-01 2022-06-22
300 SH. HASBRO INC.   2017-02-06 2022-02-02
473.934 SH. NORTHERN MULTI-MGR GLOBAL   2020-05-04 2022-02-02
3,491.897 SH. NORTHERN MULTI-MGR GLOBAL   2020-05-04 2022-06-22
125 SH. STRYKER CORP COM   2019-06-14 2022-02-02
390.486 SH. VANGUARD EMERGING MARKETS   2021-01-22 2022-02-02
389.268 SH. VANGUARD EUROPEAN STOCK   2020-05-01 2022-06-22
100 SH. ZOETIS INC CL A   2019-06-14 2022-02-02
7.041 SH. ARTISAN HIGH INCOME   2021-11-26 2022-02-02
17.303 SH. ARTISAN HIGH INCOME   2021-11-26 2022-02-02
1.62 SH. VANGUARD EMERGING MARKETS   2021-12-23 2022-02-02
4.992 SH. VANGUARD EMERGING MARKETS   2021-12-23 2022-02-02
622.284 SH. DFA GLBL RL EST SECS   2020-05-01 2022-08-31
46.575 SH. GMO RESOURCES FUND   2020-05-01 2022-08-31
87 SH. ISHARES CORE S&P MIDCAP ETF   2015-01-15 2022-08-31
CAPITAL GAINS DIVIDENDS 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 31,491   33,722 -2,231
b 10,697   11,000 -303
c 15,706   18,779 -3,073
d 36,677   21,918 14,759
e 24,491   18,418 6,073
66,000   47,547 18,453
5,583   4,728 855
16,465   9,973 6,492
28,457   28,402 55
6,000   5,194 806
40,785   38,271 2,514
31,738   24,654 7,084
10,200   11,000 -800
25,676   22,130 3,546
20,140   11,093 9,047
70   70 0
171   173 -2
42   43 -1
130   132 -2
6,833   5,644 1,189
1,209   709 500
21,152   12,281 8,871
43,294     43,294
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       -2,231
b       -303
c       -3,073
d       14,759
e       6,073
      18,453
      855
      6,492
      55
      806
      2,514
      7,084
      -800
      3,546
      9,047
      0
      -2
      -1
      -2
      1,189
      500
      8,871
      43,294
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 2 117,126
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 2,447
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 2,447
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 5,360
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 5,360
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,913
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,913 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
 
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO
    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 ofbulletFIRST INTERSTATE BANK Telephone no.bullet (303) 684-7849

    Located atbullet401 NORTH 31ST STREETBILLINGSMT ZIP+4bullet59101
    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)
     
    No
    (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
     
     
    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
    GREAT WESTERN BANK FORMER TRUSTEE
    2.00     		32,801 0 0
    2100 MAIN STREET
    LONGMONT,CO80501
    FIRST INTERSTATE BANK TRUSTEE
    2.00     		7,287 0 0
    401 NORTH 31ST STREET
    BILLINGS,MT591010918
    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 THE LYNN & HELEN CLARK FUND PROVIDES THAT PAYMENTS FROM THE TRUST SHALL BE FOR THE BENEFIT OF INHABITANTS OF THE ST. VRAIN VALLEY SCHOOL DISTRICT, INCLUDING THE CITY OF LONGMONT, COLORADO. THE FUND IS PERMANENTLY SET ASIDE FOR CHARITABLE, RELIGIOUS, LITERARY AND EDUCATIONAL PURPOSES. THE FUND MADE 22 GRANTS TO LOCAL CHARITABLE ORGANIZATIONS IN THE CURRENT YEAR. 152,700
    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  
    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
    3,237,694
    b
    Average of monthly cash balances.......................
    1b
    48,507
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,286,201
    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
    3,286,201
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    49,293
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    3,236,908
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    161,845
    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
    161,845
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    2,447
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,447
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    159,398
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    159,398
    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
    159,398
    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 7 159,398
    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...... 662
    c From 2018...... 9,631
    d From 2019...... 2,549
    e From 2020...... 5,946
    f Total of lines 3a through e ........ 18,788
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 165,096
    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..... 159,398
    e Remaining amount distributed out of corpus 5,698
    5 Excess distributions carryover applied to 2021. 0 0
    (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 24,486
    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 ......     		24,486
    10 Analysis of line 9:
    a Excess from 2017.... 662
    b Excess from 2018.... 9,631
    c Excess from 2019.... 2,549
    d Excess from 2020.... 5,946
    e Excess from 2021.... 5,698
    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).)
    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:
    DAVID STOLHAND FIRST INTERSTATE BAN
    401 NORTH 31ST STREET
    BILLINGS,MT59101
    (303) 684-7849
    bThe form in which applications should be submitted and information and materials they should include:
    THE APPLICATION FORM IS AVAILABLE AT WWW.FIRSTINTERSTATEBANK.COM
    cAny submission deadlines:
    APRIL 30
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    QUALIFIED 501(C)(3). THE REQUEST MUST BENEFIT THE ST. VRAIN VALLEY SCHOOL DISTRICT AREA.
    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
    EL COMITE DE LONGMONT
    455 KIMBARK STREET
    LONGMONT,CO80501     		NONE PC GENERAL OPERATING SUPPORT 4,000
    GROWING GARDENS OF BOULDER COUNTY
    1630 HAWTHORN AVE
    BOULDER,CO80304     		NONE PC GENERAL OPERATING SUPPORT 3,200
    HABITAT FOR HUMANITY OF ST VRAIN VALLEY
    303 ATWOOD STREET
    LONGMONT,CO80503     		NONE PC BUILDING DUPLEX 7,500
    I HAVE A DREAM FOUNDATION OF BOULDER CTY
    5390 MANHATTAN CIRCLE
    BOULDER,CO80303     		NONE PC GRANT FOR HOLISTIC PROGRAM 4,000
    INTERCAMBIO UNITING COMMUNITIES
    4735 WALNUT STREET B
    BOULDER,CO80301     		NONE PC GRANT FOR RELATIONSHIP BASED PROGRAM 4,000
    LIFE CHOICES PREGNANCY CENTER
    20 MOUNTAIN VIEW AVENUE
    LONGMONT,CO80501     		NONE PC GRANT TO PROVIDE PREGNANCY TESTS 2,000
    LONGMONT COMMUNITY JUSTICE PARTNERSHIP
    528 MAIN STREET
    LONGMONT,CO80501     		NONE PC GENERAL OPERATING SUPPORT 5,000
    LONGMONT HIGH SCHOOL MUSIC BOOSTERS
    PO BOX 6022
    LONGMONT,CO80501     		NONE PC GENERAL OPERATING SUPPORT 2,000
    LONGMONT MEALS ON WHEELS INC
    910 LONGS PEAK AVENUE
    LONGMONT,CO80501     		NONE PC GRANT TO SUPPORT SERVICES 12,500
    LONGMONT UNITED HOSPITAL FOUNDATION
    1950 MOUNTAIN VIEW AVE
    LONGMONT,CO80501     		NONE PC GRANT FOR SUPPORT OF SCHOLARSHIPS AND TRAINING 12,000
    LONGMONT YOUTH SYMPHONY
    PO BOX 1065
    LONGMONT,CO80502     		NONE PC GRANT FOR MUSIC EDUCATION 2,000
    LONGS PEAK HOSPITAL FOUNDATION
    1750 E KEN PRATT BLVD
    LONGMONT,CO80504     		NONE PC GRANT FOR NURSING SCHOLARSHIPS 3,000
    LYONS EMERGENCY ASSISTANCE FUND
    PO BOX 324
    LYONS,CO80504     		NONE PC GRANT FOR SUPPORT OF FOOD PANTRY 6,000
    MOUNTAIN STATES CHILDREN'S HOME
    14780 N 107TH
    LONGMONT,CO80502     		NONE PC GRANT FOR TRANSITIONAL LIVING 8,000
    OUTREACH UNITED RESOURCE CENTER
    220 COLLYER STREET
    LONGMONT,CO80501     		NONE PC GRANT TO PROVIDE BASIC SERVICES 25,000
    RECOVERY CAFE LONGMONT
    402 KIMBARK STREET
    LONGMONT,CO80501     		NONE PC GENERAL OPERATING SUPPORT 5,000
    SAFE SHELTER OF ST VRAIN VALLEY
    PO BOX 231
    LONGMONT,CO80502     		NONE PC GENERAL OPERATING SUPPORT 8,500
    SILVER CREEK EDUCATION FOUNDATION
    4901 NELSON ROAD
    LONGMONT,CO80503     		NONE PC GRANT FOR STAGE LIGHTING RENOVATION 7,000
    SKYLINE EDUCATION FOUNDATION
    600 EAST MOUNTAIN VIEW
    LONGMONT,CO80504     		NONE PC GRANT FOR STUDENT SUPPORT 16,000
    SPECIAL OLYMPICS COLORADO
    12450 E ARAPAHOE RD SUITE C
    CENTENNIAL,CO80112     		NONE PC GRANT FOR SUPPORT OF STUDENTS IN ST. VRAIN COMMUNITY 1,000
    ST VRAIN VALLEY SCHOOLS EDUCATION FOUNDATION
    PO BOX 2598
    LONGMONT,CO80502     		NONE PC TEACHER INNOVATION GRANT PROGRAM 5,000
    THE INN BETWEEN OF LONGMONT INC
    515 KIMBARK ST 107
    LONGMONT,CO80501     		NONE PC GRANT FOR STUDENT INCENTIVE PROGRAM 10,000
    Total .................................bullet 3a 152,700
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 198  
    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 ............     		    18 117,126  
    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) .. 0 211,800 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    211,800
    (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:
    THE LYNN AND HELEN CLARK FUND
     
    FIRST INTERSTATE BANK TRUSTEE
    EIN:
    84-6270492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 1,850 1,480   370

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE LYNN AND HELEN CLARK FUND
     
    FIRST INTERSTATE BANK TRUSTEE
    EIN:
    84-6270492
    Name of Bond End of Year Book Value End of Year Fair Market Value
    25,000 SH. UNITEDHEALTH GROUP INC NOTE 2.875% DUE 3/15/23 25,050 24,855
    50,000 SH. STATE STR COPR NOTE 3.300% 12/16/24 49,692 49,109
    50,000 SH. BANK OF AMERICA CORP 3.3% DUE 01/11/23 50,181 50,242
    50,000 SH. CONOCOPHILLIPS CO NOTE 3.35% 11/15/24 51,095 49,552

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE LYNN AND HELEN CLARK FUND
     
    FIRST INTERSTATE BANK TRUSTEE
    EIN:
    84-6270492
    Name of Stock End of Year Book Value End of Year Fair Market Value
    300 SH. JOHNSON & JOHNSON 9,215 49,008
    350 SH. PEPSICO INC 12,758 57,141
    300 SH. CHEVRON CORP 16,782 43,101
    200 SH. VANGUARD COMMUNICATION SERVICES ETF 9,057 16,512
    200 SH. AMERICAN EXPRESS CO 9,500 26,982
    100 SH. BERKSHIRE HATHAWAY INC 8,296 26,702
    300 SH. GENERAL DYNAMICS CORP 18,975 63,651
    600 SH. ALPHABET INC 7,672 57,390
    275 SH. MCDONALD'S CORP 27,264 63,454
    600 SH. COCA-COLA CO 22,926 33,876
    510 SH. ISHARES CORE S&P MID-CAP ETF 71,992 111,823
    105 SH. WW GRAINGER INC 24,637 51,365
    15 SH. BOOKING HOLDINGS INC 17,249 24,648
    250 SH. UNION PACIFIC CORP 24,272 48,705
    300 SH. ALLSTATE CORP 20,236 37,614
    150 SH. MCKESSON CORP 24,245 51,062
    300 SH. PROCTER & GAMBLE CO 25,341 37,875
    300 SH. STARBUCKS CORP 16,085 25,277
    200 SH. HONEYWELL INTERNATIONAL INC 27,713 33,394
    18,912.547 SH. NORTHERN MULTI-MGR GLOBAL LISTED INFRASTRUCTURE FUND 219,234 196,690
    18,489.317 SH. DFA GLOBAL REAL ESTATE SECURITIES 190,080 177,128
    16,154.628 SH. PIMCO STOCKSPLUS INT'L FUND 112,500 116,475
    3,866.639 SH. VANGUARD EUROPEAN STOCK INDEX FUND 248,370 223,414
    2,230.109 SH. VANGUARD PACIFIC STOCK INDEX FUND 182,000 158,137
    8,305.612 SH. INVESCO DEVELOPING MARKETS FUND 331,902 263,288
    6,029.959 SH. DOUBLELINE INFRASTRUCTURE INCOME FUND 60,337 52,943
    14,264.408 SH. DOUBLELINE TOTAL RETURN BOND FUND 150,000 126,525
    4,820.395 SH. VANGUARD INTERM TERM BOND INDEX FUND 61,253 48,109
    7,989.422 SH. GMO RESOURCES FUND 150,347 184,236
    490.436 SH. VANGUARD SMALL-CAP INDEX FUND 30,000 40,162
    7,892.66 SH. INFINITY Q DIVERSIFIED ALPHA FUND 60,759 196
    1,034.483 SH. CALAMOS MARKET NEUTRAL INCOME FUND 15,000 13,903
    819.942 SH. GMO ALTERNATIVE ALLOCATION FUND 15,135 14,210

    TY 2021 TaxesSchedule
    Name:
    THE LYNN AND HELEN CLARK FUND
     
    FIRST INTERSTATE BANK TRUSTEE
    EIN:
    84-6270492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATED TAX PAYMENTS 4,020 4,020   0
    FOREIGN TAX WITHHOLDING 1,419 1,419   0
    FEDERAL TAX PAID 746 746   0