Clifton Foundation
Clifton Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Waco, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 45 grants totaling $123K. Net investment income was $171K.
Key facts about Clifton Foundation
- EIN
- 74-2832766
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $123,055
- Grants made (2024)
- 45
- Average grant
- $2,735
- Median grant
- $1,000
- New grantees (estimate)
- 10% first-time grantees (4 of 42, 2024)
- Total assets
- $3,703,282
- Primary geography
- Texas (81% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Clifton Foundation funds
By grant dollars, the top recipient states for Clifton Foundation's 45 itemized 2024 grants were Texas (81%) and Indiana (8%). The most frequent recipient cities were Waco, TX (28 grants) and Washington, DC (3 grants). 60% of grants with a stated purpose were for general or operating support.
Is Clifton Foundation open to new grantees?
10%
first-time grantees, 2024
In 2024, 4 of 42 grantees (10%) were first-time recipients. First grants averaged $4K; repeat grants $3K. How we count
Medians: $4K first-time, $1K repeat.
- 88% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2024 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Clifton Foundation
- How to evaluate Clifton Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
+8.4% YoY
Annual Giving
$123K
-29.9% YoY
Grant Count
45
-2.2% YoY
Avg Grant Size
$3K
-28.3% YoY
Under IRS private-foundation payout rules, Clifton Foundation reported a distributable amount of $159K for 2024 — the minimum it must pay out in qualifying distributions.
About Clifton Foundation
Based on IRS filings
Clifton Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Waco, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 45 grants totaling $123K. Net investment income was $171K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 45 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,703,282 | $3,416,906 | $3,439,333 |
| Revenue | $315,895 | $179,728 | $232,039 |
| Expenses | $202,011 | $260,891 | $189,774 |
| Qualifying Distributions | $129,142 | $181,038 | $119,480 |
| Net Investment Income | $170,739 | $44,038 | $90,659 |
| Distributable Amount | $158,992 | $152,767 | $150,265 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 2024
Grant Size Distribution
227 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Caritas of Waco ($21,000), The Waco Foundation ($11,500 across 3 grants), Culver Educational Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CARITAS OF WACO Waco, TX | GENERAL USE | $21,000 |
| CULVER EDUCATIONAL FOUNDATION Culver, IN | GENERAL USE | $10,000 |
| WACO CHAMBER FOUNDATION Waco, TX | THE MOMENTUM FUND | $9,000 |
| THE GREATER WACO UNITED FUND FOUNDATION Waco, TX | ENDOWMENT | $6,365 |
| UNITED WAY OF WACO-MCLENNAN COUNTY Waco, TX | GENERAL USE | $6,365 |
| VANGUARD FOUNDATION Waco, TX | CAPITAL PROJECT | $6,000 |
| CENTRAL TEXAS SENIOR MINISTRIES Waco, TX | MEALS ON WHEELS | $5,000 |
| DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE Waco, TX | ALDERTON/MORRISON VIDEO EXHIBIT | $5,000 |
| THE TEXAS TRIBUNE Waco, TX | THE WACO BRIDGE | $5,000 |
| THE WACO FOUNDATION Waco, TX | GENERAL USE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| James R Clifton | President | 5 | $12,018 |
| William L Clifton Jr | V/P | 5 | $12,018 |
| David Nemec | Sec/Treas | 5 | $12,018 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Clifton Foundation?
Clifton Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Waco, TX. It holds $3.7M in total assets as of 2024.
How large is Clifton Foundation?
As of 2024, Clifton Foundation holds $3.7M in total assets with $316K in annual revenue. It awarded 45 grants totaling $123K in 2024.
Where does Clifton Foundation operate?
Clifton Foundation has awarded grants in California, District of Columbia, Indiana, Massachusetts, Michigan, Minnesota, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia.
What size grants does Clifton Foundation award?
In 2024, Clifton Foundation awarded 45 grants totaling $123K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Clifton Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Clifton Foundation reported a distributable amount of $159K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Clifton Foundation's EIN?
Clifton Foundation's EIN (Employer Identification Number) is 74-2832766. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.