Clearing Corporation Charitable
Clearing Corporation Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hinsdale, IL. IRS filing data is available for 2020. In 2020, it awarded 17 grants totaling $6.2M. Net investment income was $162K.
Key facts about Clearing Corporation Charitable
- EIN
- 20-5258907
- Latest 990 filing
- Form 990-PF, 2020
- Annual giving (2020)
- $6,201,310
- Grants made (2020)
- 17
- Average grant
- $364,783
- Median grant
- $152,500
- Primary geography
- Illinois (45% of itemized 2020 grant dollars)
Data from IRS Form 990-PF, 2020; updated September 2026.
Who Clearing Corporation Charitable funds
By grant dollars, the top recipient states for Clearing Corporation Charitable's 17 itemized 2020 grants were Illinois (45%), 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). None of its 17 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Further the Mission of the Donee" (10 grants) and "For Furthur Charitable Purpose" (7 grants).
Next steps with Clearing Corporation Charitable
- How to evaluate Clearing Corporation Charitable as a funder
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Financial Overview
From 2020 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$6.2M
Grant Count
17
Avg Grant Size
$365K
Under IRS private-foundation payout rules, Clearing Corporation Charitable reported a distributable amount of $235K for 2020 — the minimum it must pay out in qualifying distributions.
About Clearing Corporation Charitable
Based on IRS filings
Clearing Corporation Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hinsdale, IL. IRS filing data is available for 2020. In 2020, it awarded 17 grants totaling $6.2M. Net investment income was $162K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 17 itemized 2020 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2020 |
|---|---|
| Total Assets | — |
| Revenue | $181,999 |
| Expenses | $6,228,210 |
| Qualifying Distributions | — |
| Net Investment Income | $162,224 |
| Distributable Amount | $235,155 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal year 2020
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2020
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2020 grants, the largest recipients include The Clearing Corporation Charitable Fund ($2,352,650), Dawley Charitable Fund ($1,552,500), Make-a-Wish Foundation of America ($350,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2020 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kevin R McClear | Administrative Director | 10 | — |
| Gerald F Corcoran | Director | — | — |
| Michael C Dawley | Director | — | — |
| Ronald Filler | Director | — | — |
| David Johnson | Director | — | — |
| Wendell a Kapustiak | Director | — | — |
| James G McCormick | Director | — | — |
| Ira Polk | Director | — | — |
| Peter Reitz | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Clearing Corporation Charitable?
Clearing Corporation Charitable is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Hinsdale, IL. It holds — in total assets as of 2020.
Where does Clearing Corporation Charitable operate?
Clearing Corporation Charitable has awarded grants in Arizona, Illinois, Indiana, Massachusetts, Minnesota, North Carolina, New Jersey, New York.
What size grants does Clearing Corporation Charitable award?
In 2020, Clearing Corporation Charitable awarded 17 grants totaling $6.2M — an average of about $365K per grant, based on its IRS Form 990 filings.
How much is Clearing Corporation Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Clearing Corporation Charitable 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's EIN?
Clearing Corporation Charitable's EIN (Employer Identification Number) is 20-5258907. IRS Form 990 filing data is available on this page for 2020.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.