Clara Inspired is a private foundation focused on Medical Research, based in MIDLOTHIAN, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51K in total assets. In 2024, it awarded 1 grants totaling $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51K
+16.9% YoY
Annual Giving
$5K
-78.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$5K
-78.0% YoY
Under IRS private-foundation payout rules, Clara Inspired reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Clara Inspired
Based on IRS filings
Clara Inspired is a private foundation focused on Medical Research, based in MIDLOTHIAN, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51K in total assets. In 2024, it awarded 1 grants totaling $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $50,848 | $43,514 | $61,494 |
| Revenue | $14,226 | $7,536 | $50,180 |
| Expenses | $6,892 | $25,516 | $33,094 |
| Qualifying Distributions | $5,566 | $24,362 | $32,013 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,324 | $2,586 | $2,047 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include STXBP1 Foundation ($5,242).
| Recipient | Purpose | Amount |
|---|---|---|
| STXBP1 Foundation Holly Springs, NC | General 501(c)(3) purpose of the organization | $5,242 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Baum | Director | 1 | — |
| Kristen Baum | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Clara Inspired?
Clara Inspired is a private foundation focused on Medical Research, based in MIDLOTHIAN, VA. It holds $51K in total assets as of 2024.
How large is Clara Inspired?
As of 2024, Clara Inspired holds $51K in total assets with $14K in annual revenue. It awarded 1 grants totaling $5K in 2024.
Where does Clara Inspired operate?
Clara Inspired has awarded grants in Illinois, North Carolina, New York.
What size grants does Clara Inspired award?
In 2024, Clara Inspired awarded 1 grants totaling $5K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Clara Inspired required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Clara Inspired reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Clara Inspired's EIN?
Clara Inspired's EIN (Employer Identification Number) is 83-3183285. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Clara Inspired's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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