Bill and Gigi Clements Foundation
The Bill and Gigi Clements Foundation, also known as the William Perry Clements III Foundation, is a private independent foundation established in 2002 and based in San Antonio, Texas. The foundation operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic grantmaking.
Key facts about Bill and Gigi Clements Foundation
- EIN
- 73-1645124
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,575,836
- Grants made (2024)
- 11
- Average grant
- $234,167
- Median grant
- $20,000
- New grantees (estimate)
- 27% first-time grantees (3 of 11, 2024)
- Total assets
- $9,962,864
- Primary geography
- District of Columbia (32% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Bill and Gigi Clements Foundation funds
By grant dollars, the top recipient states for Bill and Gigi Clements Foundation's 11 itemized 2024 grants were District of Columbia (32%), North Carolina (32%) and Michigan (21%). The most frequent recipient cities were San Antonio, TX (3 grants), Washington, DC (2 grants) and Tyler, TX (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Bill and Gigi Clements Foundation open to new grantees?
27%
first-time grantees, 2024
In 2024, 3 of 11 grantees (27%) were first-time recipients. First grants averaged $14K; repeat grants $317K. How we count
Medians: $20K first-time, $143K repeat.
- 55% of 2024 grantees were also funded in 2023. Method
- Giving grew 357% from 2021 to 2024. Method
- In 2024 it paid out 327% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Bill and Gigi Clements Foundation
- How to evaluate Bill and Gigi Clements Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
-18.2% YoY
Annual Giving
$2.6M
+2.8% YoY
Grant Count
11
+10.0% YoY
Avg Grant Size
$234K
-6.5% YoY
Under IRS private-foundation payout rules, Bill and Gigi Clements Foundation reported a distributable amount of $788K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation has demonstrated particular interest in supporting Episcopal schools and human services organizations.
Grantmaking
The foundation primarily funds unrestricted use grants to its grantees.
Ready to take the next step with Bill and Gigi Clements Foundation?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking extends across multiple states, with primary focus areas including:
- Texas
- District of Columbia
- North Carolina
The foundation also holds mineral rights interests in Texas, with documented holdings in Smith County and Tyler County.
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $9,962,864
- Total Giving: $2,575,836
- Revenue: $1.11 million
Prior Year Data (2023):
- Total Assets: $12,177,410
- Total Revenues: $3,303,838
- Total Expenses: $3,182,905
- Investment Income and Dividends: $153,545
Contact Information:
- Address: 15727 Anthem Parkway, Suite 304, San Antonio, TX 78249-4163
- Telephone: 903-530-0658
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,962,864 | $12,177,410 | $12,550,360 |
| Revenue | $1,111,499 | $3,303,838 | $4,091,221 |
| Expenses | $3,143,169 | $3,182,905 | $3,975,381 |
| Qualifying Distributions | $2,575,836 | $2,505,328 | $2,150,828 |
| Net Investment Income | $622,335 | $2,639,731 | $2,275,461 |
| Distributable Amount | $788,011 | $718,975 | $850,904 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
53 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include American Flood Coalition Inc ($833,334), Clearpath Foundation Inc ($833,334), Great Lakes Center for the Arts ($550,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FLOOD COALITION INC Washington, DC | UNRESTRICTED USE | $833,334 |
| CLEARPATH FOUNDATION INC Charlotte, NC | UNRESTRICTED USE | $833,334 |
| GREAT LAKES CENTER FOR THE ARTS Bay Harbor, MI | UNRESTRICTED USE | $550,000 |
| SOUTHERN METHODIST UNIVERSITY Dallas, TX | UNRESTRICTED USE | $166,668 |
| MENTORING ALLIANCE OF EAST TEXAS Tyler, TX | UNRESTRICTED USE | $120,000 |
| SAN ANTONIO FOOD BANK San Antonio, TX | UNRESTRICTED USE | $20,000 |
| SNIPSA San Antonio, TX | UNRESTRICTED USE | $20,000 |
| CITY KIDS ADVENTURES PROGRAM San Antonio, TX | UNRESTRICTED USE | $20,000 |
| WOUNDED WARRIOR PROJECT Jacksonville, FL | UNRESTRICTED USE | $10,000 |
| THE SOCIETY OF CINCINNATI Washington, DC | UNRESTRICTED USE | $1,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and Trustees:
- William P. Clements III - President
- Georgia M. Clements - Vice President
- Lorin Runnels - Trustee
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William P Clements III | President/Se | 1 | — |
| Georgia M Clements | Vice Preside | 1 | — |
| Lorin Runnels | Trustee | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in supporting educational initiatives and charitable causes. Recent grantmaking reflects the foundation's commitment to supporting organizations across education, arts, and human services sectors.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Bill and Gigi Clements Foundation fund?
The foundation's giving priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation has demonstrated particular interest in supporting Episcopal schools and human services organizations.
How do I apply for a grant from Bill and Gigi Clements Foundation?
**Grant Activity:** • The foundation made 17 grants in 2023 • Typical grant awards range from $500 to $833,334 • Median grant amount: $138,000 • Maximum grant amount: $556,000 **Recent Grants (2023):** • American Flood Coalition: $555,554 (Unrestricted Use) • Great Lakes Center for the Arts: $537,000 (Unrestricted Use) • Northwestern University: $10,000 (Unrestricted Use) The foundation primarily funds unrestricted use grants to its grantees.
Where does Bill and Gigi Clements Foundation make grants?
The foundation's grantmaking extends across multiple states, with primary focus areas including: • Texas • District of Columbia • North Carolina The foundation also holds mineral rights interests in Texas, with documented holdings in Smith County and Tyler County.
What size grants does Bill and Gigi Clements Foundation award?
In 2024, Bill and Gigi Clements Foundation awarded 11 grants totaling $2.6M — an average of about $234K per grant, based on its IRS Form 990 filings.
How much is Bill and Gigi Clements Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bill and Gigi Clements Foundation reported a distributable amount of $788K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bill and Gigi Clements Foundation's EIN?
Bill and Gigi Clements Foundation's EIN (Employer Identification Number) is 73-1645124. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.