Clearing Corporation Charitable Foundation
CLEARING CORPORATION CHARITABLE is a private foundation based in Hinsdale, Illinois. Its 2020 filing states that its officers and directors approved its dissolution and that it was deemed terminated at the end of 2020; it therefore appears to have wound down and stopped grantmaking.
Clearing Corporation Charitable Foundation at a glance
In short: Clearing Corporation Charitable Foundation gave $6.2M across 17 grants in 2020 (avg $365K), top state Illinois. Source: 2020 IRS Form 990-PF.
- Annual giving (2020)
- $6,201,310
- +923.0% vs 2019
- Grants made (2020)
- 17
- +70.0% vs 2019
- Average grant
- $364,783
- +501.8% vs 2019
- Median grant
- $152,500
- Primary geography
- Illinois (45% of itemized 2020 grant dollars)
- Latest 990 filing
- Form 990-PF, 2020 View filing
Data from IRS Form 990-PF, 2020; updated September 2026.
How to apply to Clearing Corporation Charitable Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation stated that it made contributions only to preselected charitable organizations and does not accept unsolicited requests. The filing also states that the foundation was terminated at the end of 2020; this is not a current application process.
- Contact
Mailing address: 22 Orchard Place, Hinsdale, IL 60521
Phone: (312) 298-2000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Clearing Corporation Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2020
The largest 2020 recipient was The Clearing Corporation Charitable Fund ($2.4M). Together the top 10 received $5.8M.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was in the $100–250K range: 9 grants of 27 (33%).
Geographic Focus
Where this funder awards grants
The 2020 grants went to recipients in multiple states. By share of grant dollars, Illinois received 45%, North Carolina 25%, New York 9%, Arizona 6%, and Minnesota 6%.
Grant Distribution by State
Share of 2020 grant dollars across all 17 itemized grants.
Cities
How Clearing Corporation Charitable Foundation gives
- 18% of 2020 grantees were also funded in 2019. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $606K (2019) to $6.2M (2020). In 2020 it made 17 grants totaling $6.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Clearing Corporation Charitable Fund Hindsale, IL | For Furthur Charitable Purpose | $2,352,650 |
| Dawley Charitable Fund Goldsboro, NC | To Further the Mission of the Donee | $1,552,500 |
| Make-a-Wish Foundation of America Phoenix, AZ | To Further the Mission of the Donee | $350,000 |
| Mount Sinai Health System New York, NY | To Further the Mission of the Donee | $350,000 |
| Scholarship America Minnepolis, MN | For Furthur Charitable Purpose | $350,000 |
| Healey Center for ALS Boston, MA | To Further the Mission of the Donee | $250,000 |
| Doctors Without Borders New York, NY | To Further the Mission of the Donee | $197,500 |
| Rutgers University Foundation New Brunswick, NJ | For Furthur Charitable Purpose | $155,000 |
| The Filler Family Charitable Giving Account Hindsale, IL | For Furthur Charitable Purpose | $152,500 |
| Western Dupage Special Recreation Association Foundation Carol Stream, IL | For Furthur Charitable Purpose | $107,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2020 | — | $181,999 | $6,228,210 | $6,201,310 | 17 | $162,224 | $235,155 |
| 2019 | $6,814,286 | $159,543 | $635,280 | $606,160 | 10 | $136,298 | $313,323 |
Under IRS private-foundation payout rules, Clearing Corporation Charitable Foundation reported a distributable amount of $235K for 2020 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state a mission for the foundation. Its 2020 grants included support for organizations working in areas such as children’s wishes and health, medical care and research, higher education, youth development, and mobility for children with disabilities.
These are grantees’ own descriptions of their work: Make-A-Wish Foundation of America says it creates life-changing wishes for children with critical illnesses; Mount Sinai Health System says it provides patient care and advances medicine through education, research, and outreach; Rutgers University Foundation says it supports Rutgers in education, research, and public service; Pathway to Adventure Council says it promotes character, citizenship, and physical fitness among youth; and A Leg to Stand On says it provides assistive devices to children with limb disabilities in the developing world.
Grantmaking
In 2020, the foundation made 17 grants totaling $6,201,310. Grants ranged from $10,000 to $2,352,650, with a median grant of $152,500.
Among the largest reported grants were $2,352,650 to The Clearing Corporation Charitable Fund, $1,552,500 to Dawley Charitable Fund, $350,000 each to Make-A-Wish Foundation of America, Mount Sinai Health System, and Scholarship America, and $250,000 to Healey Center for ALS. Other reported grants included $197,500 to Doctors Without Borders, $155,000 to Rutgers University Foundation, $152,500 to The Filler Family Charitable Giving Account, $107,500 to Western DuPage Special Recreation Association Foundation, and $100,000 each to Purdue Foundation and Sussex County Agricultural Society. The 2020 grant list also includes $35,000 to Pathway to Adventure Council and $10,000 to A Leg to Stand On.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2020 filing listed Kevin R. McClear as administrative director. Directors listed were Gerald F. Corcoran, Michael C. Dawley, Ronald Filler, David Johnson, Wendell A. Kapustiak, James G. McCormick, Ira Polk, and Peter Reitz.
Clearing Corporation Charitable Foundation's 2020 filing lists 9 officers; none of the 9 officers listed in 2020 report compensation.
Officers on the 2020 filing
David Johnson
Director
On filings since 2019
No compensation reported
Gerald F. Corcoran
Director
On filings since 2019
No compensation reported
Ira Polk
Director
On filings since 2019
No compensation reported
James G. McCormick
Director
On filings since 2019
No compensation reported
Kevin R. McClear
Administrative Director
On filings since 2019
10 hrs/week
No compensation reported
Michael C. Dawley
Director
On filings since 2019
No compensation reported
Peter Reitz
Director
On filings since 2019
No compensation reported
Ronald Filler
Director
On filings since 2019
No compensation reported
Wendell A. Kapustiak
Director
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2020. "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 Clearing Corporation Charitable Foundation
How much does Clearing Corporation Charitable Foundation give each year?
Clearing Corporation Charitable Foundation gave $6.2M across 17 grants in 2020, according to its 2020 IRS Form 990-PF. In 2019 it gave $606K across 10 grants.
What is Clearing Corporation Charitable Foundation's typical grant size?
Clearing Corporation Charitable Foundation's median grant in 2020 was $152,500, and its average grant was $364,783, across 17 grants on its 2020 IRS Form 990-PF.
Where does Clearing Corporation Charitable Foundation give grants?
Clearing Corporation Charitable Foundation's top state is Illinois, with 45% of the grant dollars itemized on its 2020 IRS Form 990-PF. The next largest states were North Carolina (25%) and New York (9%). The most frequent recipient cities were Chicago, IL (4 grants), New York, NY (3 grants) and Hindsale, IL (2 grants).
Who are Clearing Corporation Charitable Foundation's largest grantees?
Clearing Corporation Charitable Foundation's largest 2020 grantees include The Clearing Corporation Charitable Fund ($2,352,650), Dawley Charitable Fund ($1,552,500) and Make-a-Wish Foundation of America ($350,000), according to its 2020 IRS Form 990-PF. Together they received 69% of its itemized 2020 grant dollars.
What does Clearing Corporation Charitable Foundation fund?
The available information does not state a mission for the foundation. Its 2020 grants included support for organizations working in areas such as children’s wishes and health, medical care and research, higher education, youth development, and mobility for children with disabilities. See mission & focus areas ↑
How do I apply for a grant from Clearing Corporation Charitable Foundation?
The foundation stated that it made contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Clearing Corporation Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Clearing Corporation Charitable Foundation reported a distributable amount of $235K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Clearing Corporation Charitable Foundation's EIN?
Clearing Corporation Charitable Foundation's EIN (Employer Identification Number) is 20-5258907. IRS Form 990 filing data is available on this page for 2019–2020.
Does Clearing Corporation Charitable Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 28, 2021)
- IRS filings on file for fiscal year 2020
Live grants for the work Clearing Corporation Charitable Foundation funds
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