Clareth Fund the Philadelphia
Clareth Fund the Philadelphia is a private foundation based in Philadelphia, Pennsylvania. Its 2024 filing describes contributions to preselected charitable organizations and lists restrictions for awards to students connected with specified University of Pennsylvania schools or the Sigma Chapter of Zeta Psi Fraternity.
Clareth Fund the Philadelphia at a glance
In short: Clareth Fund the Philadelphia gave $264K across 44 grants in 2024 (avg $6K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $264,250
- -0.4% vs 2023
- Grants made (2024)
- 44
- -2.2% vs 2023
- Average grant
- $6,006
- +1.9% vs 2023
- Median grant
- $4,125
- Total assets
- $4,755,899
- -3.8% vs 2023
- Primary geography
- Pennsylvania (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Clareth Fund the Philadelphia
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. It states that it contributes only to preselected charitable organizations. The filing lists Gregory McElroy as the contact and states that no form, materials, or deadlines are required. Award restrictions are that recipients must attend the University of Pennsylvania Wharton School, Dental School, or another medical school, or be in the Sigma Chapter of Zeta Psi Fraternity.
- Contact
Application contact: Gregory Mcelroy
Mailing address: PO Box 1170, Pearl River, NY 10965-0570
Phone: (914) 582-6466
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Clareth Fund the Philadelphia funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Daniel Van Rooyen ($27K). Together the top 8 received $102K.
Organizations only. It also paid 36 individual scholarships ($162,000), which are not listed by name.
Grant Size Distribution
232 grants across all recorded years
The most common grant size was under $50K: 232 grants of 232 (100%).
Geographic Focus
Where this funder awards grants
All reported 2024 grant dollars went to recipients in Pennsylvania.
Grant Distribution by State
Share of 2024 grant dollars across all 44 itemized grants.
States
Cities
How Clareth Fund the Philadelphia gives
- Giving grew 30% from 2021 to 2024. Method
- In 2024 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $173K (2020) to $304K (2022). In 2024 it made 44 grants totaling $264K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Daniel Van Rooyen Philadelphia, PA | Tution Grant | $26,750 |
| 36 individual scholarships Recipients not named | — | $162,000 |
| Alexander Gerlach Philadelphia, PA | Tution Grant | $19,500 |
| Jorge Eduardo Herdocia Philadelphia, PA | Tution Grant | $13,000 |
| Sinan Gulcelik Philadelphia, PA | Tution Grant | $12,000 |
| Jacopo Rangone Philadelphia, PA | Tution Grant | $10,000 |
| Matthieu Weisz Philadelphia, PA | Tution Grant | $8,000 |
| Gonzalo De Cardenas De Diego Philadelphia, PA | Tuition Grant | $7,000 |
| Michael Singer Philadelphia, PA | Tution Grant | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,755,899 | $129,896 | $318,491 | $264,250 | 44 | $283,210 | $97,089 | $254,285 |
| 2023 | $4,944,494 | $558,587 | $328,994 | $265,250 | 45 | $280,916 | $504,842 | $235,774 |
| 2022 | $4,714,901 | $195,396 | $368,872 | $303,950 | 53 | $319,466 | $154,027 | $247,739 |
| 2021 | $4,888,377 | $327,130 | $260,485 | $203,550 | 48 | $216,951 | $285,392 | $281,268 |
| 2020 | $4,821,732 | $13,772 | $226,549 | $172,550 | 42 | — | $53,170 | $241,290 |
Under IRS private-foundation payout rules, Clareth Fund the Philadelphia reported a distributable amount of $254K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The filing does not state a mission. Its listed award restrictions indicate support for people attending the University of Pennsylvania’s Wharton School, Dental School, or another medical school, or belonging to the Sigma Chapter of Zeta Psi Fraternity. The available information does not describe grantee organizations’ missions.
Grantmaking
In filing year 2024, the foundation reported 44 grants totaling $264,250. Grants ranged from $500 to $26,750, with a median of $4,125. The largest listed grants included $26,750, $19,500, and $13,000 to named individual recipients, and $21,500, $14,500, and $13,250 to individual recipients whose names are not provided here. The filing describes these awards as tuition grants.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Walter Douglas as president, Ross Peet as vice president, Gregory E McElroy as treasurer, and Benjamin Fogel as secretary.
Clareth Fund the Philadelphia is led by Walter Douglas, President since 2023 (on filings since 2022); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Walter Douglas
President
Director → President, 2023
On filings since 2022
1 hr/week
No compensation reported
Gregory E. McElroy
Treasurer
Secretary-Treasurer → Treasurer, 2023
On filings since 2020
3 hrs/week
No compensation reported
Ross Peet
Vice President
On filings since 2020
1 hr/week
No compensation reported
Benjamin Fogel
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (12)
- Former: Aaron Ratner (2020–2022) — Director
- Former: Carter Caldwell (2020–2022) — President
- Former: Christopher H. Rice (2020–2022) — Director
- Former: David L. Sims (2020–2022) — Director
- Former: James P. Bodine (2020–2022) — Director
- Former: Kenneth Kazahaya (2020–2022) — Director
- Former: Masayuki Kazahaya (2020–2022) — Director
- Former: McBee Butcher (2020–2022) — Director
- Former: Richard L. Guest (2020–2022) — Director
- Former: Sean B. Gallagher (2020–2022) — Director
- Former: Adrien Chevrier (2022) — Undergrad Chapter President
- Former: Brendan T. Roth (2020–2021) — Undergrad Chapter President
Data from IRS Form 990 filings, 2020–2024. "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 Clareth Fund the Philadelphia
How much does Clareth Fund the Philadelphia give each year?
Clareth Fund the Philadelphia gave $264K across 44 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $265K across 45 grants.
What is Clareth Fund the Philadelphia's typical grant size?
Clareth Fund the Philadelphia's median grant in 2024 was $4,125, and its average grant was $6,006, across 44 grants on its 2024 IRS Form 990-PF.
Where does Clareth Fund the Philadelphia give grants?
Clareth Fund the Philadelphia gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Philadelphia, PA (8 grants).
Does Clareth Fund the Philadelphia give general operating support?
Not in 2024: none of the 44 grants with a stated purpose on Clareth Fund the Philadelphia's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Tuition Grant" (37 grants) and "Tution Grant" (7 grants).
Who are Clareth Fund the Philadelphia's largest grantees?
Clareth Fund the Philadelphia's largest 2024 grantees include Daniel Van Rooyen ($26,750), Alexander Gerlach ($19,500) and Jorge Eduardo Herdocia ($13,000), according to its 2024 IRS Form 990-PF. It also paid 36 individual scholarships ($162,000), which are not listed by name. Together they received 22% of its itemized 2024 grant dollars.
How large is Clareth Fund the Philadelphia?
Clareth Fund the Philadelphia reported $4.8M in total assets on its 2024 IRS Form 990-PF. It paid out $283K in qualifying distributions that year, against a required minimum of $254K (roughly 5% of its investment assets).
What does Clareth Fund the Philadelphia fund?
The filing does not state a mission. Its listed award restrictions indicate support for people attending the University of Pennsylvania’s Wharton School, Dental School, or another medical school, or belonging to the Sigma Chapter of Zeta Psi Fraternity. See mission & focus areas ↑
How do I apply for a grant from Clareth Fund the Philadelphia?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Clareth Fund the Philadelphia's EIN?
Clareth Fund the Philadelphia's EIN (Employer Identification Number) is 23-2092500. IRS Form 990 filing data is available on this page for 2020–2024.
Does Clareth Fund the Philadelphia accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Clareth Fund the Philadelphia funder profile. GrantGraph. Retrieved October 8, 2026, from https://grantable.co/funders/clareth-fund-the-philadelphia-morg_2d12aa5c3d844e27be0675208c0f0f45
BibTeX
@misc{grantable_232092500_2026,
author = {{Grantable}},
title = {{Clareth Fund the Philadelphia funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/clareth-fund-the-philadelphia-morg_2d12aa5c3d844e27be0675208c0f0f45},
note = {Accessed 2026-10-08. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Clareth Fund the Philadelphia's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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