2023-05-15T15:51:37-05:00 2022-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990PF 2021-10-01 237047034 THE EDNA MCCONNELL CLARK FOUNDATION EDNA 2125519100 477 MADISON AVE 6TH FL NEW YORK NY 10022 KAY NEMOTO CFO 2125519100 2023-05-15 1 KAY NEMOTO XXX-XX-XXXX LYNNE JOHNSON P00757336 2123721000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X X 0 X 0 X 3900297 3975277 -14511984 498036440 7739771 1322260 1352134 -9289427 13067182 90339 3563 86776 238932 34990 203942 59749 6997 52752 57532 7125 50407 30000 14824 15176 728843 478579 250264 8711 0 0 37329 373 36956 162113 0 162113 9106 1291 7815 1422654 547742 866201 293638566 293638566 295061220 547742 294504767 -304350647 12519440 933061 217273 95800302 0 0 179104099 0 0 45778089 0 0 321832824 0 0 1362153 14647950 46620 0 16056723 0 X 305776101 0 305776101 0 321832824 0 305776101 -304350647 0 1425454 1425454 0 PUBLICLY TRADED SECURITIES 498036440 512548424 -14511984 -14511984 ADAMS ST 2002 NON US P -22107 -22107 ADAMS ST 2002 US P -39891 -39891 ADAMS ST 2003 NON US P -35734 -35734 ADAMS ST 2003 US P 20480 20480 ADAMS ST 2004 US P 138611 138611 ADAMS ST 2004 NON US P -68136 -68136 ADAMS ST 2005 NON US P -106377 -106377 ADAMS ST 2005 US P 170677 170677 ADAMS ST 2006 US P 430128 430128 ADAMS ST 2006 NON US P -127884 -127884 ADAMS ST 2006 DIRECT P -5085 -5085 ADAMS ST 2007 DIRECT P -4257 -4257 ADAMS ST 2007 US P 598303 598303 ADAMS ST 2007 NON US P 121136 121136 ADAMS ST V LP P -1007 -1007 AMERICAN SECURITIES P 1247 1247 BAUPOST VALUE PARTNERS P 270897 270897 BRINSON 2000 P -59693 -59693 BRINSON 2001 P -168058 -168058 BRINSON PRIMARY 2002 P -43002 -43002 BRINSON 2002 2ND FUND P -9537 -9537 BRINSON 2003 P -96455 -96455 BRINSON 2003 2ND FUND P -8296 -8296 BRINSON 2004 P -24611 -24611 INVESTURE EVERGREEN P 21779603 21779603 LBA REALTY P 799507 799507 TIFF PARTNERS III P -15146 -15146 TIFF PARTNERS IV P -1127 -1127 VARDE FUND IX P -18763 -18763 VARDE FUND VIII P -1223668 -1223668 7739771 174020 0 174020 0 174020 311288 0 0 0 311288 X 0 137268 0 137268 0 0 0 0 0 0 0 0 1 1 1 1 1 DE NY CA MA VA MI 1 0 0 1 0 1 WWW.EMCF.ORG KAY NEMOTO 2125519100 477 MADISON AVENUE 6TH FL NEW YORK NY 10022 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 NANCY ROOB 477 MADISON AVENUE NEW YORK NY 10022 PRESIDENT & TRUSTEE 5.00 57091 3393 0 RALPH STEFANO 477 MADISON AVENUE NEW YORK NY 10022 CFO/ASST TREASURER/SECRETARY 5.00 33248 2219 0 MR H LAWRENCE CLARK 477 MADISON AVENUE NEW YORK NY 10022 CHAIR 4.00 0 0 0 MR JAMES M CLARK JR 477 MADISON AVENUE NEW YORK NY 10022 TRUSTEE, TREASURER 4.00 0 0 0 NONE 0 PACIFIC INVESTMENT MANAGEMENT CO 430 W 7TH STREET STE 219024 KANSAS CITY MO 64105 INVESTMENT MANAGEMENT 455856 ERIC BROWN BROWNBRIDGE STRATEGIES 87 MANCHESTER STREET SAN FRANCISCO CA 94110 CONSULTING 140000 PATTERSON BELKNAP WEBB & TYLER LLP 1133 AVENUE OF THE AMERICAS NEW YORK NY 10036 GENERAL COUNSEL 57532 3 EXPENSES FOR GRANTEE TECHNICAL ASSISTANCE IN THE AREAS OF PROGRAM MANAGEMENT, PROGRAM EVALUATION, AND COMMUNICATIONS ($3,605). 3605 0 0 167140228 7837788 0 174978016 0 0 174978016 2624670 172353346 6445498 6445498 174020 174020 6271478 0 6271478 0 6271478 294504767 0 294504767 6271478 0 0 33334246 42505978 88058600 110177272 396823795 670899891 294504767 0 0 0 6271478 288233289 0 0 959133180 0 0 0 0 0 0 33334246 925798934 42505978 88058600 110177272 396823795 288233289 OFFICE OF COMMUNICATIONS 477 MADISON AVENUE 6TH FLOOR NEW YORK NY 10022 2125519100 SEE INFORMATION ON THE FOUNDATION'S GRANT MAKING STRATEGY @ WWW.EMCF.ORG NONE THE EDNA MCCONNELL CLARK FOUNDATION IS A NONPROFIT FOUNDATION THAT MAKES GRANTS TO HELP BETTER THE LIVES OF PEOPLE IN LOW-INCOME COMMUNITIES. BLUE MERIDIAN PARTNERS INC 477 MADISON AVENUE 6TH FLOOR NEW YORK NY 10022 PC GRANT PAYMENTS TO BMP FOR GENERAL OPERATIONS AND DISBURSEMENTS TO GRANTEES 201538566 BROOKLYN MUSEUM 200 EASTERN PARKWAY BROOKLYN NY 112386052 PC TO SUPPORT THE 2022 BROOKLYN ARTISTS BALL 100000 CENTER FOR CREATIVE LEADERSHIP 1 LEADERSHIP PLACE GREENSBORO NC 27410 PC PROPELNEXT 2.0 8500000 CHARLES AND LYNN SCHUSTERMAN FAMILY FOUNDATION PO BOX 51 TULSA OK 74101 PF TO SUPPORT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES 25000000 HARLEM CHILDREN'S ZONE 35 EAST 125TH STREET NEW YORK NY 10035 PC STRATEGIC PLAN SUPPORT 30000000 HARLEM CHILDREN'S ZONE 35 EAST 125TH STREET NEW YORK NY 10035 PC TO SUPPORT ITS ONGOING WORK WITH DISADVANTAGED CHILDREN, YOUTH AND FAMILIES 1000000 NURSE FAMILY PARTNERSHIP 1900 GRANT STREET SUITE 400 DENVER CO 80203 PC TO SUPPORT SCALING PLAN 2500000 WOODS HOLE OCEANOGRAPHIC INSTITUTION 569 WOODS HOLE ROAD WOODS HOLE MA 02543 PC TO SUPPORT TO EMCF LABORATORY RENOVATION FUND 25000000 293638566 0 14 3900297 523000 18 -14511984 FED EXCISE TAX REFUND 14 1322260 0 -9289427 0 -9289427 0 0 0 0 0 0 0 0 0 0 RSM US LLP 30000 14824 15176 NONE 0 BLUE MERIDIAN PARTNERS INC 477 MADISON AVE 6TH FL NEW YORK NY 10022 THE BOARD HAS DETERMINED THAT IT IS ADVISABLE AND IN THE BEST INTERESTS OF THE EDNA MCCONNELL CLARK FOUNDATION (EMCF) TO DISSOLVE ITS CORPORATE EXISTENCE AND DISTRIBUTE ALL OF THE REMAINING ASSETS OF EMCF, AFTER PAYMENT OF EXPENDITURES AND SATISFACTION OF ANY DEBTS AND LIABILITIES, TO BLUE MERIDIAN PARTNERS, INC., (BMP) AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, IN FURTHERANCE OF EMCF'S CHARITABLE PURPOSES (THE "DISSOLUTION").EMCF TERMINATED ITS STATUS UNDER CODE SECTION 507(B)(1)(A) AND FILED ITS DISSOLUTION DOCUMENTS WITH THE STATE OF DELAWARE. THE EFFECTIVE DATE OF DISSOLUTION WAS DECLARED ON JUNE 30, 2022. THE FINAL DISTRIBUTION OF ASSETS WAS MADE BEFORE SEPTEMBER 2022. THE FAIR MARKET VALUE OF ASSETS DISTRIBUTED TO BMP CONSISTED OF CASH OF $200,000,000 AND SECURITIES OF $1,538,566. 201538566 CHARLES AND LYNN SCHUSTERMAN FAMILY FOUNDATION PO BOX 51 TULSA OK 74121 2022-06-01 25000000 TO SUPPORT THE FOUNDATIONS'S GRANTMAKING AND RELATED PROGRAMING IN SUPPORT OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. 0 NO FUNDS HAVE BEEN DIVERTED FROM THE PURPOSE OF THE GRANT THE SCHUSTERMAN REPORTS ARE NOT DUE UNTIL JUNE OF 2023 ENGAGE RD 556 S FAIR OAKS AVE STE 101 603 PASADENA CA 91105 2019-09-20 115000 TO PROVIDE NEXT AND FINAL PHASE EVALUATION SUPPORT FOR THE PROPELNEXT NORTHERN CALIFORNIA COHORT, INCLUDING DATA COLLECTION, ANALYSIS, AND REPORTING. 115000 NO FUNDS HAVE BEEN DIVERTED FROM THE PURPOSE OF THE GRANT 10/31/21, 11/16/21, 3/31/22 LEARNING FOR ACTION 170 CAPP STREET SUITE C SAN FRANCISCO CA 94110 2019-09-20 2828000 TO CONDUCT THE MANAGEMENT OF THE PROPELNEXT PROGRAM IN ITS FINAL TWO YEARS, IMPLEMENTING ACTIVITIES AND SERVICES TO GRANTEES, INCLUDING ADMINISTRATIVE FUNCTIONS PREVIOUSLY CARRIED OUT BY THE PROPELNEXT PROGRAM TEAM. 2828000 NO FUNDS HAVE BEEN DIVERTED FROM THE PURPOSE OF THE GRANT 9/30/21, 10/30/21, 3/31/22 6/30/2022 PAYMENTS FORM 990-PF, PART V, LINE 6A THE ENDA MCCONNELL CLARK FOUNDATION (EMCF) FISCAL YEAR 9/30/2020 (FY20) FORM 990-PF WAS FILED AND ACCEPTED BY THE IRS ON 8/13/2021. EMCF FISCAL YEAR 9/30/2021 (FY21) FORM 990-PF WAS ALSO FILED AND ACCEPTED BY THE IRS ON 5/13/2022 (DISCLOSING AN OVERPAYMENT OF $228,288 ON PART VI, LINE 10 OF THE FORM 990-PF). EMCF RECEIVED A NOTICE FROM THE IRS DATED JUNE 6, 2022 INDICATING THE ORGANIZATION HAS A BALANCE DUE OF $78,936 INSTEAD OF AN OVERPAYMENT OF $228,288 AS DISCLOSED ON THE FILED FY21 FORM 990-PF. THE ORGANIZATION HAS REACHED OUT TO THE IRS TO DISCUSS THE NOTICE AND WAS INFORMED THAT THE BALANCE DUE ON THE FY21 FORM 990-PF WAS AS A RESULT OF THE IRS DISALLOWING THE FY20 OVERPAYMENT CREDITED TO FY21 ESTIMATE TAX. IT IS OUR UNDERSTANDING THAT THE REASON OF THE DISALLOWANCE IS DUE TO THE FACT THAT THE IRS HAS NOT YET PROCESSED THE FY20 FORM 990-PF WHICH HAS BEEN FILED AND ACCEPTED ON 8/13/2021.AFTER MULTIPLE COMMUNICATIONS WITH THE IRS TO EXPEDITE THE PROCESSING OF THE FY20 FORM 990-PF, THE ORGANIZATION WAS INFORMED ON MARCH 13, 2023 BY AGENT MS. EURESTI (AGENT ID: 1003375789) TO FILE AN AMENDED FY20 RETURN IN ORDER TO PUSH THE PROCESS FORWARD AND ULTIMATELY RESOLVE THE NOTICE ISSUE. THROUGHOUT THE COMMUNICATIONS WITH THE IRS, IT WAS DISCOVERED THE TOTAL PAYMENTS RECOGNIZED BY THE IRS FOR THE FY20 FILING PERIOD WERE $812,363 INSTEAD OF $729,363 AS ORIGINALLY REPORTED ON THE FY20 FORM 990-PF. THE ORGANIZATION HAD INADVERTENTLY LEFT OUT $83,000 OF QUARTERLY ESTIMATED PAYMENTS ON THE FY20 RETURN. BASED ON THE INFORMATION PROVIDED, EMCF IS FILING AN AMENDED FORM 990-PF FOR THE FY20 TAX PERIOD IN ORDER TO CARRYFORWARD THE RIGHT AMOUNT OF ESTIMATED TAX CREDIT TO FY21 AND TO ENSURE THE FY20 FILING IS ACCEPTED AND PROCESSED BY THE IRS. AS A RESULT OF THE ABOVE OVERPAYMENT ADJUSTMENTS ON THE AMENDED FY20 FORM 990-PF, EMCF IS ALSO AMENDED ITS FY21 FORM 990-PF TO REPORT THE CORRECT OVERPAYMENT FROM THE AMENDED FY20 FORM 990-PF AND TO CORRECT THE OVERPAYMENT AMOUNT ON FY21 FORM 990-PF TO CREDIT TOWARDS FY22 FORM 990-PF (2021 ESTIMATED TAX). THE FOLLOWING ARE THE CHANGES ON THE AMENDED FY21 FORM 990-PF: - FORM 990-PF, PART VI, LINE 6A IS UPDATED FROM $753,574 TO $836,574. PART VI, LINE 7 IS ALSO UPDATED TO $836,574. - FORM 990-PF, PART VI, LINE 10 IS ADJUSTED FROM $228,288 TO $311,288. - FORM 990-PF, PART VI, LINE 11 AMOUNT TO BE CREDITED TO 2021 ESTIMATED TAX IS UPDATED TO $311,288 AND $0 AMOUNT IS BEING REFUNDED. THE BOARD HAS DETERMINED THAT IT IS ADVISABLE AND IN THE BEST INTERESTS OF THE EDNA MCCONNELL CLARK FOUNDATION (EMCF) TO DISSOLVE ITS CORPORATE EXISTENCE AND DISTRIBUTE ALL OF THE REMAINING ASSETS OF EMCF, AFTER PAYMENT OF EXPENDITURES AND SATISFACTION OF ANY DEBTS AND LIABILITIES, TO BLUE MERIDIAN PARTNERS, INC., (BMP) AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, IN FURTHERANCE OF EMCF'S CHARITABLE PURPOSES (THE "DISSOLUTION"). PATTERSON, BELKNAP, WEBB & TYLER 57532 7125 50407 UNREALIZED LOSS ON INVESTMENTS 1425454 MESSENGER & POSTAGE 12 0 12 GENERAL OFFICE 2025 1291 734 MISCELLANEOUS 3464 0 3464 DIRECT CHARITABLE ACTIVITY - GRANTEE TECHNICAL ASSISTANCE 3605 0 3605 ADAMS ST 2002 NON US -270 ADAMS ST 2002 US 234 ADAMS ST 2003 NON US 23 ADAMS ST 2003 US -40 ADAMS ST 2004 US 399 ADAMS ST 2004 NON US 132 ADAMS ST 2005 NON US -1455 ADAMS ST 2005 US 2628 ADAMS ST 2006 US -4434 ADAMS ST 2006 NON US -4433 ADAMS ST 2006 DIRECT -70 ADAMS ST 2007 DIRECT -855 ADAMS ST 2007 US -11232 ADAMS ST 2007 NON US -3600 ADAMS ST V LP -216 AMERICAN SECURITIES -100 BAUPOST VALUE PARTNERS 15425 BRINSON 1999 -347 BRINSON 2000 -1211 BRINSON 2001 -956 BRINSON PRIMARY 2002 -1063 BRINSON 2002 2ND FUND -1776 BRINSON 2003 -4400 BRINSON 2003 2ND FUND -1667 BRINSON 2004 -1828 INVESTURE EVERGREEN 1381749 LBA REALTY -751 TIFF PARTNERS III -1081 TIFF PARTNERS IV -1199 VARDE FUND IX -940 VARDE FUND VIII -4532 FED EXCISE TAX REFUND 1322260 0 1322260 DEFERRED FEDERAL EXCISE TAX 19819 0 INTERCOMPANY PAYABLE TO BLUE MERIDIAN PARTNERS, INC. 26801 0 INVESTMENT MANAGEMENT FEES 478579 478579 0 STRATEGIC COMMUNICATION & BRANDING 200748 0 200748 IT CONSULTING FEES 21916 0 21916 PROGRAM RELATED 27600 0 27600 STATE UBIT TAXES 8711 0 0 BLUE MERIDIAN PARTNERS INC 477 MADISON AVE 6TH FL NEW YORK NY 10022 815086187 GRANT PAYMENTS TO BLUE MERIDIAN PARTNERS 201538566 201538566