CLC Foundation

Private foundation · Grantmaker Houston, TX EIN: 76-0132112

CLC Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $510K in total assets. In 2025, it awarded 6 grants totaling $26K. Net investment income was $32K.

Key facts about CLC Foundation

In short: CLC Foundation gave $26K across 6 grants in 2025 (avg $4K), mostly in Texas. Source: 2025 IRS Form 990-PF.

EIN
76-0132112
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$25,500
Grants made (2025)
6
Average grant
$4,250
Median grant
$3,500
Total assets
$509,733
Primary geography
Texas (94% 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

$510K

+6.1% YoY

Annual Giving

$26K

+8.5% YoY

Grant Count

6

-14.3% YoY

Avg Grant Size

$4K

+26.6% YoY

Under IRS private-foundation payout rules, CLC Foundation reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.

How CLC Foundation gives

  • Giving held roughly steady from 2022 to 2025 (+11%). Method
  • In 2025 it paid out 90% 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

2states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

HoustonLas CrucesDentonPortalesAlbuquerqueClovisDallasLubbock

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K6 grants2020 6 grants2021 5 grants2022 5 grants2023 7 grants2024 6 grants2025

From 2020 to 2025, annual grant giving ranged from $21K (2023) to $26K (2025). In 2025 it made 6 grants totaling $26K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

St Johns School: $10KSt Johns School$10KSouthern Methodist University: $5KSouthern Methodist University$5KTexas Tech University: $4KTexas Tech University$4KTirr Foundation: $3KTirr Foundation$3KUniversity of North Texas: $2KUniversity of North Texas$2KNew Mexico State University: $2KNew Mexico State University$2K

The largest 2025 recipient was St Johns School ($10K). Together the top 6 received $26K.

Grant Size Distribution

29 grants across all recorded years

29<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 29 grants of 29 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
St Johns School Houston, TXFund DPC Award by School$10,000
Southern Methodist University Dallas, TXContribution to SMU Scholarship Fund$5,000
Texas Tech University Lubbock, TXFund RLC Scholarship$4,000
Tirr Foundation Houston, TXContribution$3,000
University of North Texas Denton, TXFund Lap Scholarships$2,000
New Mexico State University Las Cruces, NMFund RLC Scholarship$1,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$509,733$480,321$451,867
Revenue$49,743$54,674$36,392
Expenses$26,852$24,765$22,317
Qualifying Distributions$25,500$23,500$21,000
Net Investment Income$32,391$37,409$19,075
Distributable Amount$28,262$26,127$22,543

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

CLC Foundation is led by Matthew J. Carter, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Matthew J. Carter

    President

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • John L. Carter

    Chair, Vice President & Treasurer

    On filings since 2020

    1.5 hrs/week

    No compensation reported

  • Caroline N. Carter

    Secretary

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Susan Carter Richardson

    Vice President

    On filings since 2024

    0.3 hrs/week

    No compensation reported

Former officers (1)
  • Former: Susan P. Carter (2020–2023) — Vice President

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 CLC Foundation

How much does CLC Foundation give each year?

CLC Foundation gave $26K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $24K across 7 grants.

What is CLC Foundation's typical grant size?

CLC Foundation's median grant in 2025 was $3,500, and its average grant was $4,250, across 6 grants on its 2025 IRS Form 990-PF.

Where does CLC Foundation give grants?

CLC Foundation gives mostly in Texas: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Mexico (6%). The most frequent recipient cities were Houston, TX (2 grants).

Does CLC Foundation give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on CLC Foundation's 2025 IRS Form 990-PF were described as general or operating support.

Who are CLC Foundation's largest grantees?

CLC Foundation's largest 2025 grantees include St Johns School ($10,000), Southern Methodist University ($5,000) and Texas Tech University ($4,000), according to its 2025 IRS Form 990-PF. Together they received 75% of its itemized 2025 grant dollars.

How large is CLC Foundation?

CLC Foundation reported $510K in total assets on its 2025 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $28K (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 CLC Foundation's EIN?

CLC Foundation's EIN (Employer Identification Number) is 76-0132112. 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.

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