Clellan Prewitt Charitable Remainder
Clellan Prewitt Charitable Remainder is a private foundation, based in Somerset, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $389K in total assets. In 2025, it awarded 2 grants totaling $18K. Net investment income was $36K.
Clellan Prewitt Charitable Remainder at a glance
In short: Clellan Prewitt Charitable Remainder gave $18K across 2 grants in 2025 (avg $9K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $17,706
- +5.3% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $8,853
- +5.3% vs 2024
- Median grant
- $8,853
- Total assets
- $388,946
- +4.1% vs 2024
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Clellan Prewitt Charitable Remainder funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Somerset Community College ($9K). Together the top 2 received $18K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Clellan Prewitt Charitable Remainder gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2025 it paid out 96% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $17K (2024) to $20K (2022). In 2025 it made 2 grants totaling $18K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Somerset Community College Somerset, KY | Scholarships | $9,248 |
| First Christian Church Somerset, KY | Missions | $8,458 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $388,946 | $44,888 | $29,573 | $17,706 | 2 | $19,067 | $35,638 | $19,941 |
| 2024 | $373,631 | $68,653 | $26,629 | $16,809 | 2 | $18,228 | $60,270 | $19,125 |
| 2023 | $331,607 | $20,025 | $27,891 | $18,579 | 2 | $19,908 | $12,129 | $18,138 |
| 2022 | $339,473 | $11,290 | $31,291 | $20,207 | 2 | $21,553 | $2,545 | $19,925 |
| 2021 | $359,474 | $52,639 | $29,684 | $19,202 | 2 | $20,562 | $43,517 | $21,567 |
| 2020 | $336,519 | $1,065 | $29,190 | $19,385 | 2 | — | $2,604 | $20,458 |
| 2019 | $364,644 | $32,302 | $28,103 | $17,650 | 2 | — | $23,402 | $20,938 |
Under IRS private-foundation payout rules, Clellan Prewitt Charitable Remainder reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Clellan Prewitt Charitable Remainder's only listed officer is Cumberland Security Bank Asset Mgmt, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Cumberland Security Bank Asset Mgmt
Trustee
On filings since 2019
2 hrs/week
$7K (2019) → $5K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $5K, to Cumberland Security Bank Asset Mgmt (Trustee).
Frequently asked questions about Clellan Prewitt Charitable Remainder
How much does Clellan Prewitt Charitable Remainder give each year?
Clellan Prewitt Charitable Remainder gave $18K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $17K across 2 grants.
How large is Clellan Prewitt Charitable Remainder?
Clellan Prewitt Charitable Remainder reported $389K in total assets on its 2025 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $20K (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.
Where does Clellan Prewitt Charitable Remainder operate?
Clellan Prewitt Charitable Remainder has awarded grants in Kentucky.
What is Clellan Prewitt Charitable Remainder's EIN?
Clellan Prewitt Charitable Remainder's EIN (Employer Identification Number) is 31-1540242. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 6, 2020)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
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