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.
Key facts about Clellan Prewitt Charitable Remainder
In short: Clellan Prewitt Charitable Remainder gave $18K across 2 grants in 2025 (avg $9K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- EIN
- 31-1540242
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $17,706
- Grants made (2025)
- 2
- Average grant
- $8,853
- Median grant
- $8,853
- Total assets
- $388,946
- Primary geography
- Kentucky (100% 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
$389K
+4.1% YoY
Annual Giving
$18K
+5.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$9K
+5.3% YoY
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.
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.
Ready to take the next step with Clellan Prewitt Charitable Remainder?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $388,946 | $373,631 | $331,607 |
| Revenue | $44,888 | $68,653 | $20,025 |
| Expenses | $29,573 | $26,629 | $27,891 |
| Qualifying Distributions | $19,067 | $18,228 | $19,908 |
| Net Investment Income | $35,638 | $60,270 | $12,129 |
| Distributable Amount | $19,941 | $19,125 | $18,138 |
Data update history
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)
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.
Here's the math on researching Clellan Prewitt Charitable Remainder by hand.
Explore Open Grants
Browse active grant opportunities in Clellan Prewitt Charitable Remainder's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Leora Prewitt Charitable Remainder
Somerset, KY
Assets
$366K
Grants
2
Total Given
$17K
Glenna Joyce Vernon TW
Jasper, IN
Assets
$445K
Grants
1
Total Given
$24K
Community National Foundation Inc
Chanute, KS
The foundation supports community foundations, community betterment, education, and other charitable organizations, primarily in Kansas and also in Missouri. Its 2024 grants ranged from $300 to $5,833, with a median of $2,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$158K
Grants
16
Total Given
$41K
HJ Brody Foundation
Greenville, NC
Assets
$3.4M
Grants
26
Total Given
$231K
Miramar Charitable Foundation
Ft Mitchell, KY
Miramar Charitable Foundation funds preselected charitable organizations across areas including arts, survivor support, education, science, and journalism, with grants to recipients in multiple states; in 2024, the largest shares went to Colorado, North Carolina, California, New York, and Florida. Its 2024 grants ranged from $250 to $1 million, with a median of $2,000. It does not accept unsolicited requests.
Assets
—
Grants
188
Total Given
$4.5M
Tetrick Family Foundation
Elizabethton, TN
Assets
$3.9M
Grants
6
Total Given
$153K
Columbus Community Foundation
Columbus, KS
Management of funds to benefit the local community
Assets
$14K
Grants
0
Total Given
$41K
Bryant Foundation Inc
Owensboro, KY
The foundation supports charitable organizations, including schools, arts and cultural groups, and community-serving organizations. In 2024, it awarded 30 grants of $50–$12,364, with a median grant of $1,000; most funding went to North Carolina and Kentucky. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$614K
Grants
30
Total Given
$46K
Laura Fields Trust
Lawton, OK
The Laura Fields Trust supports scholarships, education, teacher incentives, and organizations’ general operations, with 2025 grants ranging from $3,000 to $19,080 and a median of $5,516. Its reported 2025 grants all went to Oklahoma recipients. It accepts inquiries: prospective applicants should contact Sheila Fountain by letter to request application forms.
Assets
$2.2M
Grants
12
Total Given
$83K
Dave Morgan Foundation
Tulsa, OK
Assets
$521K
Grants
2
Total Given
$18K
East Tennessee Foundation
Knoxville, TN
East Tennessee Foundation supports nonprofits and public entities through grants for areas including housing, youth, racial justice, health, arts, and community priorities. Its 2024 grants had a median of $17,316, and it serves a 25-county region in East Tennessee.
Assets
$282.5M
Grants
298
Total Given
$14.4M
The Community Foundation of Louisville Inc
Louisville, KY
The Community Foundation of Louisville funds nonprofits, community projects, scholarships, and early-stage businesses through programs focused on expanding opportunity and addressing local needs. Its 2025 grants ranged from $5,012 to $3.85 million, with a median of $22,987; support is centered in Louisville and Kentucky, though grants also go beyond the state. It says its grant programs use an open application and review process; requirements vary by opportunity.
Assets
$766.9M
Grants
678
Total Given
$55.0M
More Funders in Kentucky
Clellan Prewitt Charitable Remainder down — hundreds of funders to go?