Clarence & Almeda Conrad Foundation Inc
Clarence & Almeda Conrad Foundation Inc is a private foundation, based in Scottsdale, AZ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.3M in total assets. In 2025, it awarded 7 grants totaling $93K. Net investment income was $188K.
Key facts about Clarence & Almeda Conrad Foundation Inc
In short: Clarence & Almeda Conrad Foundation Inc gave $93K across 7 grants in 2025 (avg $13K), top state New Mexico. Source: 2025 IRS Form 990-PF.
- EIN
- 47-3729681
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $93,000
- Grants made (2025)
- 7
- Average grant
- $13,286
- Median grant
- $10,000
- Total assets
- $2,315,251
- Primary geography
- New Mexico (43% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.3M
+4.5% YoY
Annual Giving
$93K
-33.6% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$13K
-52.6% YoY
Under IRS private-foundation payout rules, Clarence & Almeda Conrad Foundation Inc reported a distributable amount of $109K for 2025 — the minimum it must pay out in qualifying distributions.
How Clarence & Almeda Conrad Foundation Inc gives
- Giving fell 35% from 2022 to 2025. Method
- In 2025 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $93K (2025) to $150K (2023). In 2025 it made 7 grants totaling $93K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Presbyterian Healthcare Foundation ($40K). Together the top 6 received $92K.
Organizations only. It also paid 1 individual scholarship ($1,000), which are not listed by name.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 23 grants of 25 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Presbyterian Healthcare Foundation Albuquerque, NM | Education | $40,000 |
| MD Anderson Cancer Center Houston, TX | Medical Research & Education | $15,000 |
| Arboretum at Flagstaff Flagstaff, AZ | Education | $14,000 |
| American Association of Variable St Cambridge, MA | Science and Education | $10,000 |
| St Josephs Indian School Tucson, AZ | Education | $10,000 |
| MIT Matching Gift Program Cambridge, MA | Education | $3,000 |
| 1 individual scholarship Recipients not named | — | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,315,251 | $2,216,358 | $2,235,651 |
| Revenue | $215,087 | $152,579 | $139,739 |
| Expenses | $120,235 | $175,052 | $164,306 |
| Qualifying Distributions | $93,000 | $140,000 | $150,000 |
| Net Investment Income | $187,852 | $117,527 | $125,433 |
| Distributable Amount | $108,980 | $133,538 | $122,450 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 7, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Clarence & Almeda Conrad Foundation Inc is led by LIsa Sullivan, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
LIsa Sullivan
President
On filings since 2020
No compensation reported
Greg Conrad
Director
On filings since 2023
No compensation reported
Greg Furseth
Director
On filings since 2023
No compensation reported
Former officers (2)
- Former: Rachael Zaslow (2020–2022) — Director
- Former: Tracy C Rineberg (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Clarence & Almeda Conrad Foundation Inc
How much does Clarence & Almeda Conrad Foundation Inc give each year?
Clarence & Almeda Conrad Foundation Inc gave $93K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $140K across 5 grants.
What is Clarence & Almeda Conrad Foundation Inc's typical grant size?
Clarence & Almeda Conrad Foundation Inc's median grant in 2025 was $10,000, and its average grant was $13,286, across 7 grants on its 2025 IRS Form 990-PF.
Where does Clarence & Almeda Conrad Foundation Inc give grants?
Clarence & Almeda Conrad Foundation Inc's top state is New Mexico, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Arizona (26%) and Texas (16%). The most frequent recipient cities were Cambridge, MA (2 grants).
Does Clarence & Almeda Conrad Foundation Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Clarence & Almeda Conrad Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (4 grants).
Who are Clarence & Almeda Conrad Foundation Inc's largest grantees?
Clarence & Almeda Conrad Foundation Inc's largest 2025 grantees include Presbyterian Healthcare Foundation ($40,000), MD Anderson Cancer Center ($15,000) and Arboretum at Flagstaff ($14,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($1,000), which are not listed by name. Together they received 74% of its itemized 2025 grant dollars.
How large is Clarence & Almeda Conrad Foundation Inc?
Clarence & Almeda Conrad Foundation Inc reported $2.3M in total assets on its 2025 IRS Form 990-PF. It paid out $93K in qualifying distributions that year, against a required minimum of $109K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Clarence & Almeda Conrad Foundation Inc's EIN?
Clarence & Almeda Conrad Foundation Inc's EIN (Employer Identification Number) is 47-3729681. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Clarence & Almeda Conrad Foundation Inc by hand.
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