Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
THE GLADYS AND FRANKLIN CLARK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 129 JEFFERSONS HUNDRED
  Room/suite
City or town
WILLIAMSBURG
State or province
VA
Country  
ZIP or foreign postal code
23185
A Employer identification number

54-1640751
B Telephone number (see instructions)

7572294581
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$6,617,967J 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 .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 211,046 211,046  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 326,674
b Gross sales price for all assets on line 6a 326,674
7 Capital gain net income (from Part IV, line 2)... 326,674
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
10,081 10,081  
12 Total. Add lines 1 through 11........ 547,801 547,801  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 45,000   15,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
325 244   81
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,600 10,950   3,650
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
52,562 52,562   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
16,251 3,290   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
56 56   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 143,794 112,102   18,731
25 Contributions, gifts, grants paid....... 397,550 397,550
26 Total expenses and disbursements. Add lines 24 and 25 ................ 541,344 112,102   416,281
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,457
b Net investment income (if negative, enter -0-) 435,699
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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......... 101,164 64,892 64,892
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts        
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)....... 5,170,853 Click to see attachment
List of Attached Documents:
// Content
5,194,239 		5,868,286
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 716,781 Click to see attachment
List of Attached Documents:
// Content
733,212 		681,877
14 Land, buildings, and equipment: basis 8,257
Less: accumulated depreciation (attach schedule) 8,257      
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
2,912 		Click to see attachment
List of Attached Documents:
// Content
2,912
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,988,798 5,995,255 6,617,967
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 )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 5,988,798 5,995,255
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 5,988,798 5,995,255
30 Total liabilities and net assets/fund balances (see instructions). 5,988,798 5,995,255
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
5,988,798
2
Enter amount from Part I, line 27a .....................
2
6,457
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,995,255
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
5,995,255
Form 990-PF (2025)
Form 990-PF (2025)
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 CAPITAL GAIN DIVIDENDS      
b PUBLICLY TRADED SECURITIES      
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 81,258     81,258
b 245,416     245,416
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       81,258
b       245,416
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 2 326,674
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 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 6,056
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 6,056
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 6,056
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 8,440
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,440
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 11
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 2,373
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax2,373 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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)
VA
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 2025 or the taxable year beginning in 2025? 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 addressN/A
14
The books are in care ofALVIN GARRISON PRESIDENT Telephone no. (757) 229-4581

Located at129 JEFFERSONS HUNDREDWILLIAMSBURGVA ZIP+423185
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
L ALVIN GARRISON PRESIDENT/DIRECTOR
3.75 		20,000 0 0
129 JEFFERSONS HUNDRED
WILLIAMSBURG,VA23185
JOSEPH W MONTGOMERY TREASURER/DIRECTOR
3.75 		20,000 0 0
129 JEFFERSONS HUNDRED
WILLIAMSBURG,VA23185
LAURA DEAN LEE SECRETARY/DIRECTOR
3.75 		20,000 0 0
129 JEFFERSONS HUNDRED
WILLIAMSBURG,VA23185
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................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
5,879,525
b
Average of monthly cash balances.......................
1b
65,005
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
5,944,530
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
5,944,530
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
89,168
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,855,362
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
292,768
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
292,768
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
6,056
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,056
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
286,712
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
286,712
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
286,712
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, line 26, column (d) ..........
1a
416,281
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
416,281
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 286,712
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 147,782
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 416,281
a Applied to 2024, but not more than line 2a 147,782
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 2025 distributable amount..... 268,499
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 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 0
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		18,213
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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 (2025)
Form 990-PF (2025)
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

CHILD DEVELOPMENT RESOURCES

150 POINT O WDS ROAD
WILLIAMSBURG,VA23188 		NONE   INSPIRE AND EMPOWER CHILDREN, FAMILIES AND EARLY CHILDHOOD PROFESSIONALS TO REACH THEIR FULL POTENTIAL 50,000

COLONIAL WILLIAMSBURG FOUNDATION

PO BOX 1776
WILLIAMSBURG,VA23187 		NONE   ENCOURAGES AUDIENCES TO LEARN FROM THE PAST THROUGH PRESERVATION OF 18TH-CENTURY WILLIAMSBURG 150,000

DREAM CATCHERS

10120 FIRE TOWER ROAD
TOANO,VA23168 		NONE   PROVIDES EQUINE ASSISTED ACTIVITIES AND THERAPIES FOR INDIVIDUALS WITH PHYSICAL, EMOTIONAL AND DEVELOPMENTAL NEEDS 22,550

MUSCARELLE MUSEUM OF ART FOUNDATION

PO BOX 8795
WILLIAMSBURG,VA23187 		NONE   PROVIDES A DYNAMIC ENVIRONMENT FOR EXPLORING ART AT ALL LEVELS OF EXPERIENCE AND INTEREST 50,000

COLONIAL BEHAVIOR HEALTH

1651 1657 AND 1659 MERRIMAC TRAIL
WILLIAMSBURG,VA23185 		NONE   TO FACILITATE RECOVERY AND RESILIENCY OF INDIVIDUALS AND FAMILIES AFFECTED BY MENTAL ILLNESS, DEVELOPMENTAL DISABILITIES, AND SUBSTANCE USE DISORDERS 50,000

ARC GREATER WILLIAMSBURG

438 MCLAWS CIRCLE
WILLIAMSBURG,VA23185 		NONE   SERVING ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES 25,000

SENTARA FOUNDATION

1300 SENTARA PARK 1ST FLOOR
VIRGINIA BEACH,VA23464 		NONE   TO IMPROVE HEALTH BY FOSTERING A CULTURE OF PHILANTHROPY 50,000
Total ................................. 3a 397,550
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
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 ........... 		         
4 Dividends and interest from securities ....     14 211,046  
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 .....     14 10,081  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 326,674  
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) .. 0 547,801 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
547,801
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
THE GLADYS AND FRANKLIN CLARK FOUNDATION
EIN:
54-1640751
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 14,600 10,950   3,650

TY 2025 InvestmentsCorpStockSchedule
Name:
THE GLADYS AND FRANKLIN CLARK FOUNDATION
EIN:
54-1640751
Name of Stock End of Year Book Value End of Year Fair Market Value
EATON VANCE EMERGING MKT LOCAL INCOME FUND 200,089 132,231
FEDERATED HERMES INSTITUTIONAL 37,597 37,608
PIMCO PAC INVT MGMT SER EMERGING MKTS BOND FUND 144,599 128,567
TEMPLETON DEVELOPING MKTS TR 265,542 332,430
A A R CORPORATION 2,570 5,713
AAON INC 2,126 7,320
ADVANCED ENERGY INDUSTRIES INC 2,855 8,165
ALBANY INTERNATIONAL CORP 2,640 2,282
ALLIANCE LAUNDRY HOLDINGS INC 9,651 8,099
AMKOR TECHNOLOGY INC 3,848 7,304
APPFOLIO INC 10,021 10,004
ARCHROCK INC 879 2,992
ATLANTIC UN BANKSHARES 3,785 4,201
BENCHMARK 3,349 3,592
BOX INC 3,852 4,397
C T S CORPORATION 3,509 3,730
CABOT CORP 2,729 3,844
CASELLA WASTE SYSTEMS INC 2,767 5,583
CHEESECAKE FACTORY INC 3,442 5,300
CONMED CORPORATION 4,200 2,152
COPT DEFENSE PROPERTIES 2,347 2,252
CORE LABORATORIES INC 3,497 2,501
DARLING INGREDIENTS INC 3,749 4,968
DIODES INC 3,495 2,566
DREAM FINDERS HOMES INC 8,491 6,036
ENERPAC TOOL GRP CORP 11,308 9,789
ENERSYS INC 1,831 6,310
ENTEGRIS INC 296 1,601
ENTERPRISE FINANCIAL SERVICE 3,402 3,996
EVERUS GROUP HLDGS 2,800 4,107
EXPRO GROUP HLDGS NV 5,085 4,245
FIRST MERCHANTS CORP 4,146 4,310
FIRSTCASH HOLDINGS INC 3,498 6,853
FLOWSERVE CORP 3,322 8,811
FORMFACTOR INC 2,019 7,865
FOUR CORNERS PROPERTY TR INC 3,054 2,836
FRANKLIN ELECTRIC INC 1,798 4,968
FTI CONSULTING INC. 5,105 5,296
GATX CORP 1,821 6,106
GOOSEHEAD INSURANCE INC 8,396 9,722
HELMERICH & PAYNE INC 3,388 2,811
HEXCEL CORP 3,895 5,764
HORACE MANN EDUCATORS 1,901 2,494
HOULILHAN LOKEY INC CL A 2,311 8,361
INSTALLED BUILDING PRODS INC. 5,545 5,447
INTEGER HLDGS CORP 3,699 4,000
KINSALE CAPITAL GROUP INC 10,288 8,996
LITTELFUSE INC 898 4,047
MERITAGE HOMES CORP 2,523 4,080
MOOG INC 2,125 7,063
MORNINGSTAR INC 3,497 3,694
NATIONAL RESEARCH CORP 4,326 2,027
NCINO INC 11,019 10,487
NORTHEAST BANK 3,257 3,326
NVE CORP 1,282 890
OCEANEERING INTL INC 3,635 4,542
OLLIE'S BARGAIN OUTLET HOLDINGS INC 3,044 7,563
OMEGA FLEX INC 6,524 1,825
ONE GAS INC 3,784 4,635
ONESTREAM INC 11,830 8,694
PARSONS CORP DEL 3,464 5,315
PEBBLEBROOK HOTEL TR 1,744 1,483
PLEXUS CORPORATION 2,562 4,998
PRICESMART INC 2,221 3,067
REINSURANCE GROUP OF AMERICA 2,723 5,290
REVOLVE GROUP 3,629 5,072
RIGHTMOVE PLC ADR 5,804 5,863
RYAN SPECIALITY GROUP HOLDINGS CL A 5,080 8,829
RYDER SYSTEM INC 919 5,550
SABRE CORP 3,687 1,703
SCOTTS MIRACLE GRO 4,138 4,376
SERVISFIRST BANCSHARES 12,429 10,553
SMITH DOUGLAS HOMES CORP 3,179 2,147
SOUTH STATE CORP 4,275 5,741
SPX TECHNOLOGIES INC 1,748 6,402
STAG INDUSTRIAL INC 3,597 4,338
STIFEL FINANCIAL CORP 1,213 5,760
TIMKEN COMPANY 1,735 3,281
TORO COMPANY 7,476 8,108
TRINET GROUP INC 4,033 2,957
TRIUMPH FINANCIAL INC 10,565 9,332
TRUSTMARK CORP 3,749 5,025
U S PHYSICAL THERAPY INC 9,233 8,668
UMB FINANCIAL CORP 4,192 5,177
UNITED BANKSHARES INC 4,694 5,146
UNITED COMMUNITY BANK 4,951 5,370
UNITED FIRE GROUP INC 4,058 3,158
BLAIR WILLIAM INTERNATIONAL GROWTH FUND 250,402 264,638
COHEN & STEERS REALTY SHARES INC. 144,761 147,315
DODGE & COX INCOME FUND 615,491 586,721
DODGE & COX INTL STK FUND 174,163 302,829
EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND 159,204 152,880
JP MORGAN TR II CORE BOND FUND 619,831 584,336
PRINCIPAL INVST FUNDS HIGH YIELD FD 154,969 143,011
T ROWE PRICE MID CAP GROWTH FUND 208,511 229,535
ALLSPRING 237,001 230,351
ABBOTT LABORATORIES 7,362 8,269
ABBVIE INC. 6,089 5,941
ALPHABET INC NON VOTING CAP STOCK 23,550 51,463
AMAZON.COM INC 20,013 33,007
APPLE INC. 3,885 33,167
ASML HOLDING NV 6,955 16,048
ASTRAZENECA PLC 9,003 12,227
AUTOMATIC DATA PROCESSING 3,523 4,887
BAE SYSTEMS PLACE 9,082 13,560
BLACKROCK INC 4,438 16,055
BLACKSTONE GROUP 6,043 6,166
BROADRIDGE FINANCIAL SOLUTIONS 3,576 5,356
CANADIAN PACIFIC KANSAS CITY LTD 2,269 5,375
CHEVRON CORPORATION 8,438 9,297
CME GROUP INC 3,965 5,462
COCA-COLA COMPANY 3,036 5,803
COSTAR GROUP INC 6,279 5,043
DEERE & CO 5,686 5,587
EATON CORP 11,211 11,785
ELI LILLY & CO 7,083 16,120
EOG RESOURCES INC 7,877 7,666
EXXON MOBIL CORP 4,665 6,137
HOME DEPOT INC 4,973 4,817
INTERCONTINENTAL EXCHANGE INC 3,707 6,964
INTUIT INC 12,942 19,210
INTUITIVE SURGICAL INC 5,955 13,593
LVMH MOET HENNESSY LOUIS VUITTON 6,833 6,183
MARRIOTT INTL INC NEW 3,127 6,205
MASTERCARD INC 4,294 11,418
MCDONALDS CORP 2,671 11,308
META PLATFORMS INC CL A 25,260 24,423
MICROSOFT CORP 18,014 48,846
NVIDIA CORP 36,820 57,256
PHILIP MORRIS 8,392 7,699
PROGRESSIVE CORP OHIO 3,457 7,742
S&P GLOBAL INC 5,401 11,497
SERVICENOW INC 6,741 6,894
SHERWIN WILLIAMS CO 2,435 5,184
TAIWAN SEMICONDUCTOR MFG CO 12,518 19,449
TEXAS INSTRUMENTS INC 7,079 9,715
UNITEDHEALTH GROUP INC 10,328 11,224
VERISK ANALYTICS INC 1,919 4,474
VISA INC 6,431 18,237
AGCO CORP 6,703 6,468
ALPHABET INC VOTING CAP STOCK 10,871 45,385
AMAZON.COM INC 19,477 30,930
APPLIED MATERIALS INC 15,219 37,521
BERKSHIRE HATHAWAY INC. 10,779 30,662
CAPITAL ONE FINANCIAL CORP 17,816 44,352
CHUBB LTD 4,473 11,236
CONOCOPHILLIPS 8,566 7,770
COTERRA ENERCOTERRA ENERGY INC. 21,659 24,030
CVS HEALTH 20,141 30,792
DARLING INGREDIENTS INC 5,528 2,988
IAC INTERACTIVECORP 6,346 4,145
MARKEL CORP 9,761 17,197
META PLATFORMS INC CL A 8,384 31,024
MGM RESORTS INTERNATIONAL 33,315 32,732
OWENS CORNING INC 6,817 8,281
PINTEREST NC. 10,919 9,165
QUEST DIAGNOSTICS INC 4,364 6,074
RESTAURANT BRANDS INTL INC. 6,199 6,959
SOLVENTUM CORP 9,017 11,490
TECK RESOURCES LTD 8,973 14,463
TEXAS INSTRUMENTS INC 18,085 22,033
THE CIGNA GROUP 4,137 5,505
TYSON FOODS INC CL A 21,015 21,455
UNITEDHEALTH GROUP INC 11,548 12,214
US BANCORP 27,622 38,046
VIATRIS INC 26,855 31,262
WELLS FARGO COMPANY 9,222 23,766
ACAP STRATEGIC FD CL W 50,000 65,525
CION ARES DIVERSIFIED CREDIT FD 40,000 39,527
CULLEN ENHANCED EQITY INCOME FD CL I 67,333 68,783
PIMCO FLEXIBLE CREDIT INCOME FD 362,485 323,952
NEUBERGER BERMAN - LONG SHORT FUND INSTL 56,866 63,783
STEPSTONE PRIVATE MARKETS CL I 85,824 100,185
AIA GROUP LTD 4,466 6,497
AIRTEL AFRICA PLC AIRTEL AFRICA PLC 660 2,812
ALIBABA GRP HLDG LTD ADR 6,159 6,450
ALIBABA GRP HLDG LTD NEW 5,458 5,428
ANGLO AMERICAN PLC 4,833 5,404
ARCA CONTINENTAL SAB DE 3,793 4,644
ASCENDAS INDIA TRUST 3,724 4,455
ASE TECHNOLOGY ADR HOLDING CO LTD SPON 8,943 14,554
AXIA ENERGIA ADR 2,379 1,841
BYD CO LTD 3,934 4,122
CENTRAIS ELECTRICAS 0 448
CHINA CONSTRUCTION BANK CL H 9,009 11,305
COCA-COLA FEMSA S.A.B DE C.V. 4,364 5,304
COPA HOLDINGS SA CL A 3,812 4,463
CYRELEA BRAZIL REALTY 3,820 4,366
DIGIPLUS INTERACTIVE CORP 545 328
EUROBANK ERGASIAS SVCS & HLDGS S A 5,434 12,489
FIBRA PROLOGIS REAL ESTATE TRUST CTFS 5,125 7,256
GALAXY ENTERTAINMNET GROUP LTD 4,652 4,519
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA UNSPONSORED ADR 6,826 9,556
GRUPO FINANCIERO BANORTE 3,045 4,014
HAIER SMART HOME CO LTD HAIER SMARTHOME BEARER 06690 334 302
HON HAI PRECISION GDR INDUSTRY LTD REG S NEW GDR 8,980 11,154
ICICI BANK LTD SPON ADR 7,349 7,361
INTL CONTAINER TERM SVCS 6,949 10,558
ISHARES MSCI INDIA ETF 1,279 1,297
ISHARES MSCI SOUTH KOREA 13,012 20,319
ISHARES MSCI TAIWAN ETF 8,016 9,402
ITAU UNIBANCO HLDG S.A. SPONSORED ADR REPSTG 1 PREFERRED SHARE 4,245 4,697
KB FINANCIAL GROUP INC ADR 7,417 9,120
KOC HOLDING AS-UNSPON ADR 832 732
LAUREATE EDUCATION INC 3,429 6,229
LENOVO GROUP LTD 3,484 3,283
LUNDIN MINING CORP 1,422 3,034
MAHINDRA & MAHINDRA LTD 3,976 4,622
METLEN ENERGY & METALS SA 7,694 7,735
MIDEA GRP CO LTD 5,896 5,934
MILLICOM INTL CELLULAR S.A. 5,200 6,875
NATIONAL ATOMIC CO 3,165 3,152
PETROCHINA CO LTD 2,536 3,703
PETROLEO BRASILEIRO - SPON ADR - PETROBRAS 7,982 6,695
POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI S A UNSPONSORED ADR 5,609 8,279
SAMSUNG ELECTRONICS REGS GDR PFD 144A 10,487 18,576
SANDS CHINA LTD 1,649 1,345
STATE BANK INDIA GDR REG S 4,748 5,355
TAIWAN SEMICONDUCTOR MFG CO LTD ADR 9,328 15,195
TENCENT HOLDINGS LTD 9,413 14,115
TRIP.COM GROUP LTD ADS 2,737 3,129
VANECK VECTORS TR ETF VIETNAM ETF 253 420
WEICHAI POWER CO LTD 3,091 2,908
WISDOMTREE INDIA ETF EARNINGS FUND 7,239 7,360
ZIJIN MINING GP CO LTD 6,151 12,963

TY 2025 InvestmentsOtherSchedule2
Name:
THE GLADYS AND FRANKLIN CLARK FOUNDATION
EIN:
54-1640751
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ABBEY CAPITAL MULTI-MANAGER FUND LTD AT COST 297,162 219,499
BLACKSTONE REALESTATE INCOME TR AT COST 87,587 82,549
BLACKSTONE PRIVATE CRED FUND AT COST 44,067 38,905
STEPSTONE (SPRING) PRIVATE VENTURE AND GROWTH FD AT COST 80,152 110,274
TPG TWIN BROOK CAPITAL INC FD AT COST 42,682 45,998
IRONWOOD INSTITUTIONAL MULTI-STRATEGY FD AT COST 57,925 58,001
BLUE OWL CREDIT INCOME CORP CL I AT COST 43,637 39,163
PARTNERS GROUP PRIVATE EQUITY LLC AT COST 80,000 87,488

TY 2025 LegalFeesSchedule
Name:
THE GLADYS AND FRANKLIN CLARK FOUNDATION
EIN:
54-1640751
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 325 244   81


TY 2025 OtherAssetsSchedule
Name:
THE GLADYS AND FRANKLIN CLARK FOUNDATION
EIN:
54-1640751
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDEND RECEIVABLE 0 2,912 2,912


TY 2025 OtherExpensesSchedule
Name:
THE GLADYS AND FRANKLIN CLARK FOUNDATION
EIN:
54-1640751
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER INVESTMENT EXP 56 56   0


TY 2025 OtherIncomeSchedule2
Name:
THE GLADYS AND FRANKLIN CLARK FOUNDATION
EIN:
54-1640751
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ABBEY CAPITAL 10,081 10,081 10,081


TY 2025 OtherProfessionalFeesSchedule
Name:
THE GLADYS AND FRANKLIN CLARK FOUNDATION
EIN:
54-1640751
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 51,312 51,312   0
OTHER PROFESSIONAL FEES 1,250 1,250   0


TY 2025 TaxesSchedule
Name:
THE GLADYS AND FRANKLIN CLARK FOUNDATION
EIN:
54-1640751
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,290 3,290   0
EXCISE TAXES 12,961 0   0