Cleveland Avenue Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $39.0M in total assets. In 2024, it awarded 1 grants totaling $2.0M. Net investment income was $2.4M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$39.0M
+1.1% YoY
Annual Giving
$2.0M
-2.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.0M
-2.1% YoY
Under IRS private-foundation payout rules, Cleveland Avenue Fund reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
About Cleveland Avenue Fund
Based on IRS filings
Cleveland Avenue Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $39.0M in total assets. In 2024, it awarded 1 grants totaling $2.0M. Net investment income was $2.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,997,207 | $38,585,419 | $40,409,840 |
| Revenue | $2,581,628 | $358,018 | $74,016 |
| Expenses | $2,169,840 | $2,182,439 | $2,457,993 |
| Qualifying Distributions | $2,015,899 | $2,061,143 | $2,338,044 |
| Net Investment Income | $2,447,418 | $535,839 | $506,476 |
| Distributable Amount | $2,202,193 | $2,018,045 | $2,064,490 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Bessemer Giving Fund ($2,011,973).
| Recipient | Purpose | Amount |
|---|---|---|
| The Bessemer Giving Fund Woodbridge, NJ | General support | $2,011,973 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jane Varner Beard | President | 1 | — |
| Russell C Beard | Secretary, Treasurer | 1 | — |
| Sterling C Beard | Vice President | 1 | — |
| Hudson Beard MD | Vice President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cleveland Avenue Fund?
Cleveland Avenue Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $39.0M in total assets as of 2024.
How large is Cleveland Avenue Fund?
As of 2024, Cleveland Avenue Fund holds $39.0M in total assets with $2.6M in annual revenue. It awarded 1 grants totaling $2.0M in 2024.
Where does Cleveland Avenue Fund operate?
Cleveland Avenue Fund has awarded grants in New Jersey.
What size grants does Cleveland Avenue Fund award?
In 2024, Cleveland Avenue Fund awarded 1 grants totaling $2.0M — an average of about $2.0M per grant, based on its IRS Form 990 filings.
How much is Cleveland Avenue Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cleveland Avenue Fund reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cleveland Avenue Fund's EIN?
Cleveland Avenue Fund's EIN (Employer Identification Number) is 83-2871250. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cleveland Avenue Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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