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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
GINNY L CLEMENTS CHARITABLE TRUST
C/O VIRGINIA L CLEMENTS TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address)7361 N FINGER ROCK PLACE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TUCSON, AZ85718
A Employer identification number

35-7163018
B Telephone number (see instructions)

(520) 850-9393
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$2,736,849J 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 1,047 1,047  
4 Dividends and interest from securities... 36,674 36,674  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 270,544
b Gross sales price for all assets on line 6a 1,222,948
7 Capital gain net income (from Part IV, line 2)... 270,544
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........ 308,265 308,265  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,000 4,000   1,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
30,969 30,969   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
569 569   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.......... 36,538 35,538   1,000
25 Contributions, gifts, grants paid....... 757,278 757,278
26 Total expenses and disbursements. Add lines 24 and 25 793,816 35,538   758,278
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -485,551
b Net investment income (if negative, enter -0-) 272,727
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 130,825 76,997 76,997
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)      
b Investments—corporate stock (attach schedule)....... 2,906,975 Click to see attachment
List of Attached Documents:
// Content
2,659,069 		2,659,069
c Investments—corporate bonds (attach schedule).......      
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)..........      
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
0 		Click to see attachment
List of Attached Documents:
// Content
783 		Click to see attachment
List of Attached Documents:
// Content
783
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,037,800 2,736,849 2,736,849
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 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........... 3,037,800 2,736,849
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    
29 Total net assets or fund balances (see instructions)..... 3,037,800 2,736,849
30 Total liabilities and net assets/fund balances (see instructions). 3,037,800 2,736,849
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,037,800
2
Enter amount from Part I, line 27a .....................
2
-485,551
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
184,600
4
Add lines 1, 2, and 3 ..........................
4
2,736,849
5
Decreases not included in line 2 (itemize) right arrow
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
2,736,849
Form 990-PF (2024)
Form 990-PF (2024)
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 RAYMOND JAMES #9040      
b RAYMOND JAMES #9040      
c RAYMOND JAMES #F342      
d RAYMOND JAMES #F342      
e RAYMOND JAMES #Y863      
RAYMOND JAMES #Y863      
RAYMOND JAMES #L989      
RAYMOND JAMES #L989      
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 11,961   11,714 247
b 243,417   142,680 100,737
c 41,995   37,066 4,929
d 350,342   218,639 131,703
e 58,450   53,730 4,720
366,017   320,354 45,663
7,206   7,223 -17
143,526   160,998 -17,472
34     34
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       247
b       100,737
c       4,929
d       131,703
e       4,720
      45,663
      -17
      -17,472
      34
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 2 270,544
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 3,791
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 3,791
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 3,791
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 936
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,936
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 145
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow145 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
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 arrowAZ
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 2024 or the taxable year beginning in 2024? 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 arrowNONE
14
The books are in care ofright arrowVIRGINIA L CLEMENTS Telephone no.right arrow (520) 850-9393

Located atright arrow7361 N FINGER ROCK PLACETUCSONAZ ZIP+4right arrow85718
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
VIRGINIA L CLEMENTS TRUSTEE
1.00 		0 0 0
7361 N FINGER ROCK PLACE
TUCSON,AZ85718
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 0
Form 990-PF (2024)
Form 990-PF (2024)
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 arrow0
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  
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.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
2,783,022
b
Average of monthly cash balances.......................
1b
103,911
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,886,933
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
2,886,933
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
43,304
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,843,629
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
142,181
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
142,181
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,791
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,791
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
138,390
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
138,390
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
138,390
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
758,278
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
758,278
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 138,390
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022...... 320,951
e From 2023......  
f Total of lines 3a through e ........ 320,951
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 758,278
a Applied to 2023, 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 2024 distributable amount..... 138,390
e Remaining amount distributed out of corpus 619,888
5 Excess distributions carryover applied to 2024. 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 5 940,839
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		940,839
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 320,951
d Excess from 2023....  
e Excess from 2024.... 619,888
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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).)
VIRGINIA L CLEMENTS
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
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

ALS ASSOCIATION ARIZONA CHAPTER

360 E CORONADO STREET 140
PHOENIX,AZ85004 		  PC PROGRAM SUPPORT 300

AMERIND FOUNDATION

2100 N AMERIND ROAD
DRAGOON,AZ85609 		  PC PROGRAM SUPPORT 500

ANGEL CHARITY FOR CHILDREN INC

3132 N SWAN ROAD
TUCSON,AZ85712 		  PC PROGRAM SUPPORT 10,000

ARIZONA THEATRE COMPANY

PO BOX 1631
TUCSON,AZ85702 		  PC PROGRAM SUPPORT 2,500

BILLY GRAHAM EVANGELISTIC ASSOCIATION

1 BILLY GRAHAM PARKWAY
CHARLOTTE,NC28201 		  PC PROGRAM SUPPORT 1,000

BOYS TOWN

4801 SARGENT ROAD NE
WASHINGTON,DC20017 		  PC PROGRAM SUPPORT 353

CATHOLIC FOUNDATION FOR THE DIOCESE OF TUCSON

111 S CHURCH AVENUE
TUCSON,AZ85701 		  PC TO SUPPORT THE CHURCH 8,000

COMPANIONS OF ST ANTHONY

12290 FOLLY QUARTER ROAD
ELLICOTT CITY,MD21042 		  PC TO SUPPORT THE CHURCH 50

FOX THEATRE FOUNDATION

30 N CHURCH STREET
TUCSON,AZ85702 		  PC PROGRAM SUPPORT 100

FRANCISCAN FRIARS OF THE ATONEMENT

PO BOX 300
GARRISON,NY10524 		  PC TO SUPPORT THE CHURCH 100

GOOTTER-JENSEN FOUNDATION

PO BOX 64583
TUCSON,AZ85728 		  PC PROGRAM SUPPORT 1,000

GOSPEL RESCUE MISSION INC

4550 S PALO VERDE ROAD
TUCSON,AZ85714 		  PC TO SUPPORT THE CHURCH 100

HARVEST MINISTRIES

PO BOX 4000
RIVERSIDE,CA92514 		  PC PROGRAM SUPPORT 200

HIGHER GROUND A RESOURCE CENTER

101 W 44TH STREET
TUCSON,AZ85713 		  PC PROGRAM SUPPORT 100

KETCHUM COMMUNITY LIBRARY

415 SPRUCE AVENUE NORTH
KETCHUM,ID83340 		  PC PROGRAM SUPPORT 500

LAPAN SUNSHINE FOUNDATION

6366 N SKYLINE RIDGE
TUCSON,AZ85718 		  PC PROGRAM SUPPORT 250

OUR LADY OF THE SNOWS CATHOLIC CHURCH FOUNDATION

17 BROOKHAVEL TRAIL
LITTLETON,CO80123 		  PC TO SUPPORT THE CHURCH 2,500

PATRONATO SAN XAVIER

PO BOX 522
TUCSON,AZ85702 		  PC TO SUPPORT THE CHURCH 2,500

PRIESTS OF THE SACRED HEART

PO BOX 900
HALES CORNERS,WI53130 		  PC TO SUPPORT THE CHURCH 75

RONALD MCDONALD HOUSE CHARITIES OF SOUTHERN ARIZONA INC

2155 E ALLEN ROAD
TUCSON,AZ85719 		  PC PROGRAM SUPPORT 500

SACRED HEART SOUTHERN MISSIONS

6050 HWY 161
WALLS,MS38680 		  PC PROGRAM SUPPORT 25

SISTERS OF SAINT FRANCIS

225 GREENFIELD PARKWAY STE 208
LIVERPOOL,NY13088 		  PC PROGRAM SUPPORT 100

SOCIETY OF THE DIVINE SAVIOR

1303 MILWAUKEE DRIVE
SALVATORIAN CENTER,WI53062 		  PC PROGRAM SUPPORT 25

ST ELIZABETH ANN SETON CATHOLIC CHURCH

8650 N SHANNON ROAD
TUCSON,AZ85742 		  PC TO SUPPORT THE CHURCH 500

ST JOSEPH'S INDIAN SCHOOL

PO BOX 326
CHAMBERLAIN,SD57326 		  PC PROGRAM SUPPORT 50

THE HOSPICE & PALLIATIVE CARE OF THE WOOD RIVER VALLEY

507 N 1ST AVENUE
KETCHUM,ID83340 		  PC PROGRAM SUPPORT 500

THE SALVATION ARMY

2707 E VAN BUREN STREET
PHOENIX,AZ85008 		  PC PROGRAM SUPPORT 950

TU NIDITO

3922 N MOUNTAIN AVENUE
TUCSON,AZ85719 		  PC PROGRAM SUPPORT 1,500

TUNNEL TO TOWERS

2361 HYLAN BOULEVARD
STATEN ISLAND,NY10306 		  PC PROGRAM SUPPORT 2,000

UMBRELLA MINISTRIES

PO BOX 4906
PALM SPRINGS,CA92263 		  PC PROGRAM SUPPORT 1,000

UNIVERSITY OF ARIZONA FOUNDATION

1111 N CHERRY AVENUE
TUCSON,AZ85721 		  PC PROGRAM SUPPORT 719,000

UNIVERSITY OF NOTRE DAME

1100 GRACE HALL
NOTRE DAME,IN46556 		  PC PROGRAM SUPPORT 1,000
Total .................................right arrow 3a 757,278
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 1,047  
4 Dividends and interest from securities ....     14 36,674  
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 ............ 		    18 270,544  
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) .. 0 308,265 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
308,265
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
GINNY L CLEMENTS CHARITABLE TRUST
 
C/O VIRGINIA L CLEMENTS TRUSTEE
EIN:
35-7163018
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 5,000 4,000   1,000

TY 2024 InvestmentsCorpStockSchedule
Name:
GINNY L CLEMENTS CHARITABLE TRUST
 
C/O VIRGINIA L CLEMENTS TRUSTEE
EIN:
35-7163018
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 10,632 10,632
ABBVIE INCORPORATED 14,394 14,394
ADOBE INCORPORATED 8,449 8,449
ALPHABET INCORPORATED 51,300 51,300
AMAZON COM INCORPORATED 50,897 50,897
AMERICAN TOWER CORPORATION 10,270 10,270
CENCORA INCORPORATED 9,437 9,437
APPLE INCORPORATED 78,882 78,882
AVANTOR INCORPORATED 6,279 6,279
BECTON DICKINSON & COMPANY 8,848 8,848
BLACKROCK INCORPORATED 13,326 13,326
BOSTON SCIENTIFIC CORPORATION 13,041 13,041
BROADCOM INCORPORATED 33,153 33,153
CSX CORPORATION 10,294 10,294
EXPAND ENERGY CORPORATION 8,661 8,661
CONOCOPHILLIPS 11,107 11,107
CONSTELLATION BRANDS INCORPORATED 10,608 10,608
DELTA AIRLINES INCORPORATED 9,620 9,620
DICKS SPORTING GOODS INCORPORATED 10,298 10,298
DISNEY WALT COMPANY 10,912 10,912
DUKE ENERGY CORPORATION 12,929 12,929
META PLATFORMS INCORPORATED 31,032 31,032
GENERAL MTRS COMPANY 7,032 7,032
GILEAD SCIENCES INCORPORATED 10,253 10,253
GOLDMAN SACHS GROUP INCORPORATED 14,888 14,888
HARTFORD FINL SVCS GROUP INCORPORATED 10,284 10,284
INTERCONTINENTAL EXCHANGE INCORPORATED 10,878 10,878
JABIL INCORPORATED 9,354 9,354
JPMORGAN CHASE & COMPANY 24,450 24,450
KRAFT HEINZ COMPANY 7,125 7,125
ELY LILLY & COMPANY 12,352 12,352
LOWES COMPANIES INCORPORATED 11,353 11,353
LULULEMON ATHLETICA INCORPORATED 11,855 11,855
MASTERCARD INCORPORATED 23,696 23,696
MERCK & COMPANY INCORPORATED 13,131 13,131
MICROSOFT CORPORATION 73,341 73,341
NETFLIX INCORPORATED 16,935 16,935
NVIDIA CORPORATION 67,011 67,011
ON SEMICONDUCTOR CORPORATION 8,512 8,512
ORACLE CORPORATION 14,331 14,331
PARKER-HANNIFIN CORPORATION 12,085 12,085
PROCTER AND GAMBLE COMPANY 15,591 15,591
PROLOGIS INCORPORATED 10,570 10,570
QUANTA SVCS INCORPORATED 11,694 11,694
SALESFORCE INCORPORATED 17,385 17,385
SCHLUMBERGER LIMITED COM 10,390 10,390
SCHWAB CHARLES CORPORATION 12,064 12,064
STARBUCKS CORPORATION 10,129 10,129
TJX COMPANIES INCORPORATED 12,685 12,685
TAKE-TWO INTERACTIVE SOFTWARE 8,836 8,836
TARGET CORPORATION 8,381 8,381
TESLA INCORPORATED 10,096 10,096
TEXTRON INCORPORATED 8,184 8,184
THERMO FISHER SCIENTIFIC INCORPORATED 9,364 9,364
UNITEDHEALTH GROUP INCORPORATED 15,682 15,682
WELLS FARGO COMPANY 14,961 14,961
WESTERN DIGITAL CORPORATION 9,004 9,004
JOHNSON CONTROLS INTERNATIONAL PLC 12,076 12,076
LINDE PLC 11,723 11,723
ABBOTT LABS 37,326 37,326
ADOBE INCORPORATED 29,349 29,349
AIRBNB INCORPORATED COM CLASS A 7,753 7,753
ALPHABET INCORPORATED 53,133 53,133
AMAZON COM INCORPORATED 89,511 89,511
AUTOMATIC DATA PROCESSING 12,880 12,880
COSTAR GROUP INCORPORATED 12,099 12,099
L OREAL COMPANY 17,770 17,770
MSCI INCORPORATED 34,801 34,801
MASTERCARD INCORPORATED 40,019 40,019
MICROSOFT CORPORATION 47,630 47,630
NOVO-NORDISK A S ADR 24,946 24,946
ORACLE CORPORATION 22,830 22,830
PAYCOM SOFTWARE INCORPORATED 30,746 30,746
SAGE GROUP PLC 16,198 16,198
SAP SE SPON ADR 51,704 51,704
SERVICENOW INCORPORATED 22,263 22,263
SHOPIFY INCORPORATED CLASS A 42,745 42,745
SIEMENS HEALTHINEERS AG 20,543 20,543
THERMO FISHER SCIENTIFIC INCORPORATED 19,769 19,769
VISA INCORPORATED COM 41,085 41,085
WORKDAY INCORPORATED CLASS 36,124 36,124
ZOETIS INCORPORATED CLASS A 14,990 14,990
AON PLC SHS CL A 34,120 34,120
ACCENTURE PLC IRELAND SHS 22,515 22,515
ICON PLC SHS 19,921 19,921
GLOBANT S A 22,300 22,300
BJS WHOLESALE CLUB HLDGS INCORPORATED 20,104 20,104
BENTLEY SYSTEMS INCORPORATED 36,379 36,379
BERKLEY SYSTEMS INCORPORATED 33,883 33,883
BRIGHT HORIZONS FAM SOL IN DEL 21,727 21,727
CHARLES RIV LABS INTERNATATIONAL 21,414 21,414
CHEMED CORPORATION 19,603 19,603
CHOICE HOTELS INTERNATIONAL INCORPORATED 26,976 26,976
COOPER COMPANIES INCORPORATED 34,382 34,382
ASPEN TECHNOLOGY INCORPORATED 30,205 30,205
EQUIFAX INCORPORATED 30,327 30,327
EXPONENT INCORPORATED 18,444 18,444
FAIR ISAAC CORPORATION 15,927 15,927
HENRY JACK & ASSOC INCORPORATED 27,347 27,347
INTERACTIVE BROKERS GROUP INCORPORATED 42,046 42,046
LCI INDUSTRIES 5,893 5,893
LPL FINL HLDGS INCORPORATED 40,161 40,161
LENNOX INTERNATIONAL 44,479 44,479
NORDSON CORPORATION 26,783 26,783
OLLIES BARGAIN OUTLET HLDGS IN 20,520 20,520
POOL CORPORATION 32,730 32,730
ROLLINS INCORPORATED 27,578 27,578
SAIA INCORPORATED 23,698 23,698
SCOTTS MIRACLE-GRO COMPANY 16,585 16,585
SITEONE LANDSCAPE SUPPLY INCORPORATED 17,921 17,921
TELEDYNE TECHNOLOGIES INCORPORATED 23,207 23,207
TERADYNE INCORPORATED 22,666 22,666
THOR INDUSTRIES INCORPORATED 18,376 18,376
UNIVERSAL DISPLAY CORPORATION 19,884 19,884
WATSCO INCORPORATED 32,698 32,698
ZEBRA TECHNOLOGIES CORPORATION 33,215 33,215
ZURN ELKAY WATER SOLNS CORPORATION 29,915 29,915
ALLEGION PLC 23,522 23,522
GOLDMAN SACHS FINANCIAL SQUARE 3,354 3,354

TY 2024 OtherAssetsSchedule
Name:
GINNY L CLEMENTS CHARITABLE TRUST
 
C/O VIRGINIA L CLEMENTS TRUSTEE
EIN:
35-7163018
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS IN TRANSIT 0 783 783


TY 2024 OtherIncreasesSchedule
Name:
GINNY L CLEMENTS CHARITABLE TRUST
 
C/O VIRGINIA L CLEMENTS TRUSTEE
EIN:
35-7163018
Description Amount
NET UNREALIZED GAIN ON INVESTMENTS 182,808
NON-DIVIDEND DISTRIBUTIONS 1,792


TY 2024 OtherProfessionalFeesSchedule
Name:
GINNY L CLEMENTS CHARITABLE TRUST
 
C/O VIRGINIA L CLEMENTS TRUSTEE
EIN:
35-7163018
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 30,969 30,969   0


TY 2024 TaxesSchedule
Name:
GINNY L CLEMENTS CHARITABLE TRUST
 
C/O VIRGINIA L CLEMENTS TRUSTEE
EIN:
35-7163018
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX PAID 569 569   0