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.
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
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 |
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 include Caritas of Waco ($21,000), Culver Educational Foundation ($10,000), Waco Chamber Foundation ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARC OF MCLENNAN COUNTY WACO, TX | GENERAL USE | $500 |
| BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION--KWBU-FM WACO, TX | GENERAL USE | $1,000 |
| CARE NET PREGNANCY CENTER WACO, TX | CAPITAL PROJECTS | $1,000 |
| CARITAS OF WACO WACO, TX | GENERAL USE | $21,000 |
| CENTRAL TEXAS SENIOR MINISTRIES WACO, TX | MEALS ON WHEELS | $5,000 |
| COMPASSION MINISTIES OF WACO INC WACO, TX | SPONSOR EVENT | $1,500 |
| CULVER EDUCATIONAL FOUNDATION CULVER, IN | GENERAL USE | $10,000 |
| DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE WACO, TX | GENERAL USE | $1,000 |
| DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE WACO, TX | ALDERTON/MORRISON VIDEO EXHIBIT | $5,000 |
| DUKE UNIVERSITY DURHAM, NC | TRINITY COLLEGE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Clifton Foundation'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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