Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
CLARK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)9755 SW BARNES RD SUITE 440
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR97225
A Employer identification number

23-7423789
B Telephone number (see instructions)

(503) 627-9978
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$27,311,930J 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 right arrow.............
3 Interest on savings and temporary cash investments 301,455 301,455  
4 Dividends and interest from securities... 357,141 357,141  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
331,879
b Gross sales price for all assets on line 6a 6,042,578
7 Capital gain net income (from Part IV, line 2)... 218
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
List of Attached Documents:
// Content
226 226  
12 Total. Add lines 1 through 11........ 990,701 659,040  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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
List of Attached Documents:
// Content
7,400      
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
108,882 108,882    
17 Interest............... 8,576 8,576    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,826 11,854    
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 list of attachments
List of Attached Documents:
// Content
97,485 81,510    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 242,169 210,822   0
25 Contributions, gifts, grants paid....... 1,793,500 1,793,500
26 Total expenses and disbursements. Add lines 24 and 25 2,035,669 210,822   1,793,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,044,968
b Net investment income (if negative, enter -0-) 448,218
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 1,521,132 1,095,491 1,095,491
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,460,813 Click to see attachment
List of Attached Documents:
// Content
3,826,629 		3,826,629
b Investments—corporate stock (attach schedule)....... 14,237,673 Click to see attachment
List of Attached Documents:
// Content
13,580,799 		13,580,799
c Investments—corporate bonds (attach schedule)....... 4,032,097 Click to see attachment
List of Attached Documents:
// Content
4,926,326 		4,926,326
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,314,263 Click to see attachment
List of Attached Documents:
// Content
3,879,461 		3,879,461
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,224 		Click to see attachment
List of Attached Documents:
// Content
3,224 		Click to see attachment
List of Attached Documents:
// Content
3,224
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,569,202 27,311,930 27,311,930
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 right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 26,569,202 27,311,930
29 Total net assets or fund balances (see instructions)..... 26,569,202 27,311,930
30 Total liabilities and net assets/fund balances (see instructions). 26,569,202 27,311,930
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
26,569,202
2
Enter amount from Part I, line 27a .....................
2
-1,044,968
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,787,696
4
Add lines 1, 2, and 3 ..........................
4
27,311,930
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
27,311,930
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 218
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 right arrow 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) 1 6,230
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  
3 Add lines 1 and 2........................... 3 6,230
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,230
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,770
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,770 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowOR
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowN/A
14
The books are in care ofright arrowBARB PURDY Telephone no.right arrow (503) 627-9978

Located atright arrow9755 SW BARNES RD SUITE 440PORTLANDOR ZIP+4right arrow97225
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
1d
 
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
RICHARD M CLARK PRESIDENT/TR
000.00 		0 0 0
755 SW TOUCHMARK WAY
PORTLAND,OR97225
TRACEY A CLARK DIRECTOR
000.00 		0 0 0
755 SW TOUCHMARK WAY
PORTLAND,OR97225
BRITTNEY CLARK VICE PRESIDE
000.00 		0 0 0
7975 SW WILLOWMERE
PORTLAND,OR97225
CHRISTOPHER BROOKS DIRECTOR
000.00 		0 0 0
7975 SW WILLOWMERE
PORTLAND,OR97225
JON HOLZGRAFE DIRECTOR
000.00 		0 0 0
300 E SPOKANE
PORTLAND,OR97202
STEVE NICHOLES SECRETARY
000.00 		0 0 0
111 SW FIFTH AVENUE 1500
PORTLAND,OR97204
PAT BECKER SR DIRECTOR
000.00 		0 0 0
23661 SW STAFFORD HILL DR
WEST LINN,OR97068
JANEEN MCANINCH DIRECTOR
000.00 		0 0 0
1211 SW FIFTH AVENUE 2185
PORTLAND,OR97204
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...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow  
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 PROVIDED FINANCIAL ASSISTANCE TO ST MARY'S ACADEMY FOR GYM IMPROVEMENT, TUITION ASSISTANCE. 150,000
2 PROVIDED FINANCIAL ASSISTANCE TO DE LA SALLE NORTH CATHOLIC HIGH SCHOOL TO AIST WITH RELOCATION TO A SITE ON ST. CHARLES CHURCH CAMPUS, TUITION ASSISTANCE AND OTHER GENERAL PROGRAM. 135,000
3 PROVIDED FINANCIAL ASSISTANCE TO PROVIDENCE ST. VINCENT MEDICAL FOUNDATION FOR THE EMERGENCY ROOM REMODEL. 100,000
4 PROVIDED FINANCIAL ASSISTANCE TO EDISON HIGH SCHOOL FOR CONSTRUCTION OF NEW HIGH SCHOOL. 100,000
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
25,475,766
b
Average of monthly cash balances.......................
1b
1,146,730
c
Fair market value of all other assets (see instructions)................
1c
87,634
d
Total (add lines 1a, b, and c).........................
1d
26,710,130
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
26,710,130
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
400,652
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
26,309,478
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,315,474
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
1,315,474
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
6,230
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,230
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,309,244
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,309,244
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,309,244
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
1,793,500
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
1,793,500
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,309,244
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 56,836
b From 2019...... 313,726
c From 2020...... 369,195
d From 2021...... 188,465
e From 2022...... 580,692
f Total of lines 3a through e ........ 1,508,914
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,793,500
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 1,309,244
e Remaining amount distributed out of corpus 484,256
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,993,170
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		56,836
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,936,334
10 Analysis of line 9:
a Excess from 2019.... 313,726
b Excess from 2020.... 369,195
c Excess from 2021.... 188,465
d Excess from 2022.... 580,692
e Excess from 2023.... 484,256
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MR RM CLARK
9755 SW BARNES ROAD SUITE 440
PORTLAND,OR97225
(503) 627-9978
MIKE@COASTERPROPERTIES.COM
bThe form in which applications should be submitted and information and materials they should include:
THE APPLICATION SHOULD BE IN THE FORM OF A LETTER AND MUST INCLUDE A LIST OF THE BOARD OF DIRECTORS, A DESCRIPTION OF THE ACTIVITY OR PROJECT, A BUDGET, AND OTHER INFORMATION AS REQUESTED BY THE CLARK FOUNDATION'S DIRECTORS.
cAny submission deadlines:
THERE ARE NO SUBMISSION DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE APPLICANT MUST BE A TAX EXEMPT ORGANIZATION WHOSE PURPOSE IS EDUCATIONAL, CHARITABLE, CULTURAL, RELIGIOUS OR SCIENTIFIC AND IS LOCATED IN THE PORTLAND, OREGON METROPOLITAN AREA. NO SCHOLARSHIPS TO INDIVIDUALS, STUDENT LOANS, OR OTHER PROGRAM RELATED INVESTMENTS MAY BE MADE BY THE CLARK FOUNDATION.
Form 990-PF (2023)
Form 990-PF (2023)
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

ADELANTE MUJERES

2030 MAIN STREET
SUITE A
FOREST GROVE,OR97116 		N/A   CHARITABLE - PROGRAM SUPPORT 10,000

AGAPE VILLAGE

9715 SE POWELL BLVD
PORTLAND,OR97266 		N/A   CHARITABLE - PROGRAM SUPPORT 2,500

AMERICAN RED CROSS

3131 N VANCOUVER
PORTLAND,OR97227 		N/A   CHARITABLE - PROGRAM SUPPORT 25,000

ASSISTANCE LEAGUE OF COLUMBIA PACIF

P O BOX 596
ASTORIA,OR97103 		N/A   CHARITABLE - PROGRAM SUPPORT 2,000

ASSISTANCE LEAGUE OF GREATER PORTLA

4000 SW 117TH AVENUE
BEAVERTON,OR97005 		N/A   CHARITABLE - PROGRAM SUPPORT 10,000

AUTISM MUSTANG ALLIANCE

14963 S GRAVES RD
MULINO,OR97042 		N/A   CHARITABLE - PROGRAM SUPPORT 2,000

BLANCHET HOUSE OF HOSPITALITY

310 NW GLISAN ST
PORTLAND,OR97209 		N/A   CHARITABLE - PROGRAM SUPPORT 25,000

BOY SCOUTS OF AMERICA

2145 SW NAITO PKWY
PORTLAND,OR97201 		N/A   CHARITABLE - PROGRAM SUPPORT 2,000

BROADWAY ROSE THEATRE

P O BOX 231004
TIGARD,OR97281 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 10,000

CAMP UKANDU

601 SW 2ND AVENUE
SUITE 2300
PORTLAND,OR97204 		N/A   CHARITABLE - PROGRAM SUPPORT 15,000

CANNON BEACH HISTORY CENTER

1387 SOUTH SPRUCE ST
CANNON BEACH,OR97110 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 2,000

CANNON BEACH POLICE DEPT

163 E GROWER AVE
CANNON BEACH,OR97110 		N/A   CHARITABLE - PROGRAM SUPPORT 5,000

CASA FOR CHILDREAN OF KLAMATH COUNT

731 MAIN ST 202
KLAMATH FALLS,OR97601 		N/A   CHARITABLE - PROGRAM SUPPORT 2,500

CASA FOR CHILDREN - CLATSOP

PO BOX 514
ASTORIA,OR97103 		N/A   CHARITABLE - PROGRAM SUPPORT 15,000

CASA FOR CHILDREN - MULTNOMAH

1401 NE 68TH AVE
PORTLAND,OR97213 		N/A   CHARITABLE - PROGRAM SUPPORT 15,000

CASCADE AIDS PROJECT

520 NW DAVIS ST 215
PORTLAND,OR97209 		N/A   CHARITABLE - PROGRAM SUPPORT 7,500

CATHOLIC CHARITIES OF OREGON

2740 SE POWELL BLVD
PORTLAND,OR97202 		N/A   CHARITABLE - PROGRAM SUPPORT 25,000

CHAMBER MUSIC NORTHWEST

1201 SW 12TH AVE 420
PORTLAND,OR97205 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 10,000

CLACKAMAS WOMEN'S SERVICES

256 WARNER MILNE RD
OREGON CITY,OR97045 		N/A   CHARITABLE - PROGRAM SUPPORT 2,500

COASTER THEATRE PRODUCTIONS

PO BOX 643
CANNON BEACH,OR97110 		N/A   CULTURAL - PLAY SPONSOR 10,000

COMMUNITY FOR POSITIVE AGING

1820 NE 40TH AVE
PORTLAND,OR97212 		N/A   CHARITABLE - PROGRAM SUPPORT 2,500

CONGREGATION OF HOLY CROSS

PO BOX 1064
NOTRE DAME,IN46556 		N/A   CHARITABLE - PROGRAM SUPPORT 2,500

CYOCAMP HOWARD

825 NE 20TH AVENUE
SUITE 120
PORTLAND,OR97232 		N/A   CHARITABLE - PROGRAM SUPPORT 20,000

DE LA SALLE NORTH CATHOLIC HIGH

7528 N FENWICK AVENUE
PORTLAND,OR97217 		N/A   EDUCATIONAL - FINANCIAL AID 135,000

DOVE LEWIS ANIMAL HOSPITAL

1945 NW PETTYGROVE
PORTLAND,OR97209 		N/A   CHARITABLE - PROGRAM SUPPORT 25,000

DRESS FOR SUCCESS

1532 NE 37TH AVENUE
PORTLAND,OR97232 		N/A   CHARITABLE - PROGRAM SUPPORT 25,000

EDISON HIGH SCHOOL

9020 SW BEAVERTON HILLSDA
PORTLAND,OR97225 		N/A   CHARITABLE - BUILDING FUND 100,000

FINANCIAL BEGINNINGS OF OREGON

2705 E BURNSIDE ST 214
PORTLAND,OR97214 		N/A   CHARITABLE - PROGRAM SUPPORT 2,500

FORA HEALTH

10230 SE CHERRY BLOSSOM D
PORTLAND,OR97216 		N/A   CHARITABLE - PROGRAM SUPPORT 10,000

FRIENDLY HOUSE

2617 NW SAVIER ST
PORTLAND,OR97210 		N/A   CHARITABLE - PROGRAM SUPPORT 10,000

FULL CIRCLE PROGRAMS

5995 SW 74TH AVE
SUITE 200
TIGARD,OR97224 		N/A   CHARITABLE - PROGRAM SUPPORT 18,000

GIRL SCOUTS

9620 SW BARBUR BLVD
PORTLAND,OR97219 		N/A   CHARITABLE - SCHOLARSHIPS 25,000

GIRLS ON THE RUN OF PORTLAND METRO

2337 NW YORK ST 202E
PORTLAND,OR97210 		N/A   CHARITABLE - PROGRAM SUPPORT 5,000

GLEANERS OF CLACKAMAS COUNTY

13821 FIR ST
OREGON CITY,OR97045 		N/A   CHARITABLE - PROGRAM SUPPORT 5,000

HEALING REINS

65325 CLINE FALLS RD
BEND,OR97703 		N/A   CHARITABLE - PROGRAM SUPPORT 5,000

HEART OF OREGON CORPS

PO BOX 279
BEND,OR97709 		N/A   CHARITABLE - BUILDING FUND 20,000

HIGH DESERT MUSEUM

59800 US 97
BEND,OR97702 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 7,500

HOLY CROSS CATHOLIC SCHOOL

5202 N BOWDOIN ST
PORTLAND,OR97203 		N/A   EDUCATIONAL - TUITION ASSISTANCE 25,000

HOLY FAMILY SCHOOL

7425 SE CEASR CHAVEZ BLVD
PORTLAND,OR97202 		N/A   EDUCATIONAL - TUITION ASSISTANCE 15,000

IMPACT NW

10055 E BURNSIDE ST
PORTLAND,OR97216 		N/A   CHARITABLE - PROGRAM SUPPORT 15,000

JESUIT HIGH SCHOOL

9000 SW BEAVERTON HILLSDA
PORTLAND,OR97225 		N/A   EDUCATIONAL - TUITION ASSISTANCE 50,000

JUNIOR ACHIEVEMENT

7830 SE FOSTER RD
PORTLAND,OR97206 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 15,000

LA PINE COMMUNITY KITCHEN

PO BOX 813
LA PINE,OR97739 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 10,000

LIFT UP

10614 NW ST HELENS ROAD
PORTLAND,OR97231 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 5,000

LIVING DESERET

47900 PORTOLA AVENUE
PALM DESERT,CA92260 		N/A   CHARITABLE - PROGRAM SUPPORT 25,000

MAYBELLE CENTER

121 NW SIXTH AVENUE
PORTLAND,OR97209 		N/A   CHARITABLE - GRANT PROJECT 25,000

MEDICAL TEAMS INTERNATIONAL

14150 SW MILTON CT
PORTLAND,OR97224 		N/A   CHARITABLE - PROGRAM SUPPORT 25,000

MUSIC WORKSHOP

4804 SW SCHOLLS FERRY RD
PORTLAND,OR97225 		N/A   EDUCATIONAL - PROGRAM SUPPORT 25,000

MY FATHERS HOUSE

P O BOX 1147
GRESHAM,OR97030 		N/A   CHARITABLE - PROGRAM SUPPORT 5,000

MY VOICE MUSIC

8911 SE STARK ST
PORTLAND,OR97216 		N/A   CULTURAL - PROGRAM SUPPORT 10,000

NEURO THERAPEUTICS PEDIATRIC THERAP

5289 NE ELAM YOUNG PKWY
STE 140
HILLSBORO,OR97124 		N/A   EDUCATIONAL - VARIOUS PROGRAM 2,500

NW CATHOLIC COUNSELING

8383 NE SANDY BLVD
SUITE 205
PORTLAND,OR97220 		N/A   CHARITABLE - MEDICAL PROGRAMS 10,000

OHSU

2020 SW 4TH AVE
SUITE 900
PORTLAND,OR97201 		N/A   EDUCATIONAL - PROGRAM SUPPORT 50,000

OREGON BALLET THEATRE

720 SW BANCROFT ST
PORTLAND,OR97239 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 10,000

OREGON FOOD BANK

7900 NE 33RD DR
PORTLAND,OR97211 		N/A   CHARITABLE - FOOD /OPERATING FUNDS 25,000

OREGON HISTORICAL SOCIETY

1200 SW PARK AVENUE
PORTLAND,OR97205 		N/A   CULTURAL - OPERATING FUNDS 10,000

OREGON HUMANE SOCIETY

1067 NE COLUMBIA BLVD
PORTLAND,OR97211 		N/A   CHARITABLE - OPERATING FUNDS 10,000

OREGON JEWISH MUSEUM

724 NW DAVIS ST
PORTLAND,OR97209 		N/A   CULTURAL - PROGRAM SUPPORT 5,000

OREGON PUBLIC BROADCASTING

7140 SW MACADAM AVE
PORTLAND,OR97219 		N/A   CULTURAL - OREGON EXPERIENCE SERIES 25,000

OREGON SOCIETY OF ARTISTS

2185 SW PARK PL
PORTLAND,OR97205 		N/A   CULTURAL - PROGRAM SUPPORT 2,500

OREGON STATE UNIVERSITY FOUNDATION

707 SW WASHINGTON ST
SUITE 500
PORTLAND,OR97205 		N/A   EDUCATIONAL - PROGRAM SUPPORT 50,000

OREGON ZOO FOUNDATION

4001 SW CANYON ROAD
PORTLAND,OR97221 		N/A   CHARITABLE - BUILDING FUND 25,000

OUR JUST FUTURE

10550 NE HALSEY ST
PORTLAND,OR97220 		N/A   CHARITABLE - PROGRAM SUPPORT 25,000

PARTNERS FOR HUNGER FREE OREGON

2900 SE STARK ST STE 1A
PORTLAND,OR97214 		N/A   CHARITABLE - PROGRAM SUPPORT 5,000

PEACE IN SCHOOLS

959 SE DIVISION ST
SUITE 325
PORTLAND,OR97214 		N/A   EDUCATIONAL - VARIOUS PROGRAMS 10,000

PORTLAND ART MUSEUM

1219 SW PARK AVENUE
PORTLAND,OR97205 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 50,000

PORTLAND BACKPACK

6600 NE 78TH COURT
UNIT C4
PORTLAND,OR972182821 		N/A   CHARITABLE - PROGRAM SUPPORT 2,500

PORTLAND CENTER STAGE

128 NW 11TH AVENUE
PORTLAND,OR97209 		N/A   CULTURAL - PROPRAM & BUILDING SUPPOR 10,000

PORTLAND SUMMERFEST

POBOX 4084
PORTLAND,OR97208 		N/A   CHARITABLE - PROGRAM SUPPORT 5,000

PORTLAND TENNIS & EDUCATION

7519 N BURLINGTON AVE
PORTLAND,OR97203 		N/A   EDUCATIONAL - VARIOUS PROGRAMS 5,000

PORTLAND YOUTHBUILDERS

4816 SE 92ND AVENUE
PORTLAND,OR97266 		N/A   CHARITABLE - PROGRAM SUPPORT 10,000

PROJECT LEMONADE

PO BOX 96144
PORTLAND,OR97296 		N/A   CHARITABLE - PROGRAM SUPPORT 15,000

PROVIDENCE ST VINCENT MEDICAL FOUND

9205 SW BARNES RD
PORTLAND,OR97225 		N/A   CHARITABLE - PROGRAM SUPPORT 100,000

RAPHAEL HOUSE

4110 SE HAWTHORNE BLVD
SUITE 503
PORTLAND,OR97214 		N/A   CHARITABLE - PROGRAM SUPPORT 5,000

READING RESULTS

4110 SE HAWTHORNE BLVD
SUITE 503
PORTLAND,OR97214 		N/A   CHARITABLE - PROGRAM SUPPORT 5,000

ROSE HAVEN

1740 NW GLISAN ST
PORTLAND,OR97209 		N/A   CHARITABLE - PROGRAM SUPPORT 10,000

SATURDAY ACADEMY

5000 N WILLAMETTE BLVD
PORTLAND,OR97203 		N/A   EDUCATION - TUITION ASSIATNCE 10,000

SISTERS OF ST MARY OF OREGON

40 SW 148TH AVE
BEAVERTON,OR97078 		N/A   EDUCATION - TUITION ASSISTANCE 25,000

SISTERS OF THE ROAD

PO BOX 411
MARYLHURST,OR97036 		N/A   CHARITABLE - GENERAL SUPPORT 5,000

ST MARY'S HOME FOR BOYS

16535 SW TUALATIN VALLEY
BEAVERTON,OR97006 		N/A   EDUCATIONAL - PROGRAM SUPPORT 4,000

ST MATTHEW LUTHERAN CHURCH PANTRY

10390 SW CANYON RD
BEAVERTON,OR97005 		N/A   CHARITABLE - FOOD SUPPORT 2,000

ST ANDREW LEGAL CLINIC

807 NE ALBERTA ST
PORTLAND,OR97211 		N/A   CHARITABLE - PROGRAM SUPPORT 20,000

ST ANDREWS NATIVITY SCHOOL

PO BOX 11127
PORTLAND,OR97211 		N/A   EDUCATIONAL - SCHOLARSHIP PROGRAM 60,000

ST CLARE SCHOOL

1807 SW FREEMAN ST
PORTLAND,OR97219 		N/A   EDUCATIONAL - BUILDING FUND 10,000

ST MARY'S ACADEMY

1615 SW FIFTH AVENUE
PORTLAND,OR97201 		N/A   EDUCATIONAL - VARIOUS PROGRAMS 150,000

STORE TO DOOR

7730 SW 31ST AVENUE
PORTLAND,OR97219 		N/A   CHARITABLE - PROGRAM SUPPORT 15,000

THE GROTTO

PO BOX 20008
PORTLAND,OR972940008 		N/A   CHARITABLE - BUILDING FUND 5,000

TRANSITION PROJECTS

665 NW HOYT ST
PORTLAND,OR97209 		N/A   CULTURAL - PROGRAM & BUILDING SUPPOR 5,000

UNITED STATES FUND FOR UNICEF

125 MAIDEN LANE
NEW YORK,NY10038 		N/A   CHARITABLE - PROGRAM SUPPORT 8,000

UNIVERSITY OF PORTLAND

5000 N WILLAMETTE BLVD
PORTLAND,OR97203 		N/A   CHARITABLE - BUILDING FUND 50,000

URBAN GLEANERS

15 SE 6TH AVE
PORTLAND,OR97214 		N/A   CHARITABLE - PROGRAM SUPPORT 15,000

WARM SPRINGS FIRE & SAFETY

4430 DRY CREEK TRAIL RD
WARM SPRINGS,OR97761 		N/A   CHARITABLE - PROGRAM SUPPORT 15,000

YOUNG PEOPLE'S THEATRE PROJECT

331 METTY DR STE 3
ANN ARBOR,MI48103 		N/A   CULTURAL - BUILDING SUPPORT 11,000

YOUTH VILLAGES OREGON

2507 CHRISTIE DR
LAKE OSWEGO,OR97034 		N/A   CHARITABLE - PROGRAM SUPPORT 10,000

YWCA OF GREATER PORTLAND

PO BOX 4587
PORTLAND,OR97208 		N/A   CHARITABLE - PROGRAM SUPPORT 25,000
Total .................................right arrow 3a 1,793,500
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		    14 301,455  
4 Dividends and interest from securities ....     14 357,141  
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 .....         226
8 Gain or (loss) from sales of assets other than
inventory ............ 		        331,879
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) ..   658,596 332,105
13Total. Add line 12, columns (b), (d), and (e)..................
13
990,701
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
CLARK FOUNDATION
EIN:
23-7423789
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 7,400      

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

TY 2023 AmortizationSchedule
Name:
CLARK FOUNDATION
EIN:
23-7423789
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
U.S. TREASURY BOND 2003-01-09 687,038 102,676   2,409 2,409   105,085

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TY 2023 GainLossSaleOtherAssetsSch
Name:
CLARK FOUNDATION
EIN:
23-7423789
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
SEE ATTACHED   PURCHASE 2023-12   6,042,360 5,710,699     331,661  

TY 2023 InvestmentsCorpBondsSchedule
Name:
CLARK FOUNDATION
EIN:
23-7423789
Name of Bond End of Year Book Value End of Year Fair Market Value
TRUIST BANK    
GOLDMAN SACHS GROUP 174,492 174,492
CATERPILLAR INC 322,301 322,301
TOYOTA MOTOR CREDIT 268,766 268,766
BANK OF AMERICA 3.875% 271,559 271,559
NIKE INC 284,525 284,525
MORGAN STANLEY 3.625% 266,694 266,694
MICROSOFT CORP 3.3% 233,786 233,786
JP MORGAN CHASE 272,562 272,562
APPLE INC, 3% 239,843 239,843
CVS HEALTH CORP 4.3%28 294,977 294,977
PROGRESS ENERGY 3.7% 290,651 290,651
THERMO FISHER PC 222,227 222,227
TARGET CORP 3.375%29 288,720 288,720
INTEL CORP 247,576 247,576
AMAZON.COM INC 4.65% 246,172 246,172
DEERE & CO 3.1% 255,121 255,121
PAYPAL HOLDINGS 261,571 261,571
THE ALLSTATE COR 1.45% 242,113 242,113
COMCAST CORP 4.65% 242,670 242,670

TY 2023 InvestmentsCorpStockSchedule
Name:
CLARK FOUNDATION
EIN:
23-7423789
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE 271,955 271,955
AIR PROD & CHEMICALS 235,468 235,468
ALASKA AIR GROUP INC    
ALLSTATE CORP COM 228,867 228,867
ALPHABET INC. 229,790 229,790
AMAZON.COM INC. 351,741 351,741
APPLE INC 430,305 430,305
AUTOZONE INC 193,921 193,921
BAKER HUGHES 289,163 289,163
BANK OF AMERICA    
BERKSHIRE HATHAWAY 210,429 210,429
BLACKBAUD INC,    
BLACKROCK 239,481 239,481
CARRIER GLOBAL CORP 268,866 268,866
CHARLES SCHWAB 288,272 288,272
CHEVRON CORP 313,982 313,982
CHUBB LTD 289,280 289,280
CIENA CORP 131,429 131,429
CISCO SYSTEMS INC 258,662 258,662
CITIGROUP INC    
COLUMBIA SPORTSWEAR 161,466 161,466
CVS HEALTH 248,724 248,724
DANONE    
DIAGEO PLC 211,935 211,935
EATON 349,189 349,189
EMBRAER SA 256,455 256,455
EMERSON ELECTRIC CO 276,904 276,904
FEDEX CORP    
FIRST REPUBLIC BANK    
FIRSTENERGY CORP 172,119 172,119
GENERAL DYNAMICS 223,316 223,316
GOLDMAN SACHS 200,600 200,600
HOME DEPOT 204,465 204,465
IMAX CORP 135,556 135,556
INTERNTNL PAPER 109,535 109,535
JOHNSON AND JOHNSON 260,188 260,188
JP MORGAN CHASE & CO 406,539 406,539
KINDER MORGAN INC 261,248 261,248
KONINKLIJKE PHILIPS 350,463 350,463
LAMB WESTON HOLDINGS INC    
MCKESSON CORP 194,452 194,452
MEDTRONIC PLC 285,035 285,035
METHANEX CORP 295,290 295,290
MICROSOFT CORP COM 594,143 594,143
NEWMONT MINING CORP 245,443 245,443
PAYPAL HOLDINGS INCORPORATION 197,126 197,126
PFIZER INC 180,225 180,225
PROCTOR & GAMBLE CO 190,502 190,502
QUALCOMM INC 287,814 287,814
QUEST DIAGNOSTIC INC 203,373 203,373
RAYTHEON COMPANY    
RTX CORP 170,721 170,721
SALESFORCE 378,922 378,922
SANOFI SA 266,553 266,553
SAP SE 296,813 296,813
SOUTHERN CO 219,826 219,826
SYSCO CORP 247,545 247,545
TYSON FOODS INC, 162,325 162,325
US BANCORP 220,079 220,079
UNILEVER PLC    
VERIZON COMMUNICATIONS 246,747 246,747
WALMART INC 239,628 239,628
WALT DISNEY 202,702 202,702
WARNER BROTHERS DISCOVER 195,222 195,222

TY 2023 InvestmentsGovtObligationsSch
Name:
CLARK FOUNDATION
EIN:
23-7423789
US Government Securities - End of Year Book Value:

3,826,629
US Government Securities - End of Year Fair Market Value:

3,826,629
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
CLARK FOUNDATION
EIN:
23-7423789
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FEDERAL FARM CR 0.36% FMV 265,856 265,856
FEDERAL FARM CR 2.28% FMV 254,671 254,671
ISHARES INC CORE MSCI FMV 557,645 557,645
ISHARES CORE S&P SMALL FMV 721,486 721,486
ISHARES MSCI EAFE FMV 522,175 522,175
VANGUARD GROWTH ETF FMV 1,405,178 1,405,178
REALTY INCOME CORP FMV 152,450 152,450
REALTY INCM CORP FMV    
VENTAS INC FMV    

TY 2023 OtherAssetsSchedule
Name:
CLARK FOUNDATION
EIN:
23-7423789
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSIT 3,224 3,224 3,224


TY 2023 OtherExpensesSchedule
Name:
CLARK FOUNDATION
EIN:
23-7423789
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
LICENSES AND PERMITS 50      
BROKERAGE FEE 968 968    
WEB HOSTING 309      
RENT 13,706      
INSURANCE 1,910      


TY 2023 OtherIncomeSchedule2
Name:
CLARK FOUNDATION
EIN:
23-7423789
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INVESTMENT INCOME 226 226  


TY 2023 OtherIncreasesSchedule
Name:
CLARK FOUNDATION
EIN:
23-7423789
Description Amount
UNREALIZED GAIN ON INVESTMENTS 1,787,696


TY 2023 OtherProfessionalFeesSchedule
Name:
CLARK FOUNDATION
EIN:
23-7423789
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEE 105,882 105,882    
ADMINISTRATIVE FEE 3,000 3,000    


TY 2023 TaxesSchedule
Name:
CLARK FOUNDATION
EIN:
23-7423789
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN DIVIDEND TAX 11,854 11,854    
STATE TAXES 2,400      
FEDERAL INCOME TAX 5,572