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Clark Foundation
The A. James & Alice B. Clark Foundation was established in 1987 by A. James Clark and Alice B. Clark. The foundation completed its spend-down in 2025 after...
Clark Foundation
The A. James & Alice B. Clark Foundation was established in 1987 by A. James Clark and Alice B. Clark. The foundation completed its spend-down in 2025 after distributing more than $1.4 billion. Notable grants included $219.5 million to the University of Maryland. Clark Enterprises, Inc. oversaw a diversified portfolio that included direct real estate holdings such as Judiciary Plaza and 700-Penn in Washington, D.C., plus limited partner positions in technology companies through CNF Investments LLC. Confirmed holdings encompassed Regent Education and Avocode. The geographic footprint centered on the United States with primary activity in Maryland and the District of Columbia. The foundation maintained a staff of 15 professionals. Clark Enterprises held board seats at Brown Advisory and a board position at W. P. Carey Inc. Joe Del Guercio also directed CNF Investments. In 2025 the foundation concluded operations after fulfilling its spend-down mandate. The structure tied philanthropic distributions directly to the operating construction business founded by A. James Clark. Clark Construction Group generated the original wealth that flowed through Clark Enterprises into the foundation. This integration of operating company, holding vehicle, and grant-making entity distinguished the architecture from standalone foundations.
General information
Firm type
Endowment / Foundation
Year founded
1987
Location
Region
North America
Country
United States
City
New York
Corporate office
7500 Old Georgetown Road, New York, MD, United States
Principals
Joe Del Guercio
President and CEO
Robert J. Flanagan
Trustee
Courtney Clark Pastrick
Board Chair
Sector focus
Frequently asked questions
Who runs investment decisions at Clark Foundation?
Joe Del Guercio serves as President and CEO. Robert J. Flanagan acts as Executive Chairman. Courtney Clark Pastrick chairs the board.
Where does the underlying wealth come from?
The foundation received its endowment from A. James Clark and Alice B. Clark. The capital originated from Clark Construction Group, the operating business founded by A. James Clark.
Does Clark Foundation participate in fund commitments or only direct deals?
Clark Enterprises, Inc. held limited partner positions in venture and private equity vehicles through CNF Investments LLC. It also maintained direct ownership of commercial real estate assets.
What investment stages does Clark Foundation typically target?
The foundation focused on grant-making rather than staged venture investments. Clark Enterprises deployed capital across real estate, marketable securities, and select operating businesses.
How is Clark Foundation related to Clark Enterprises?
Clark Enterprises, Inc. served as the primary holding company and investment manager for the Clark family. It funded and administered the foundation's activities.
Does Clark Foundation maintain philanthropic structures, and how are they separated?
The foundation itself constituted the philanthropic vehicle. It operated separately from Clark Construction Group while drawing on distributions from Clark Enterprises.
What is Clark Foundation's known posture on co-investments alongside external GPs?
Clark Enterprises took limited partner roles in external funds and maintained direct co-investments in operating companies such as Regent Education.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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