Cloherty Family Foundation

Private foundation · Grantmaker Inverness, IL EIN: 83-0401233

Cloherty Family Foundation is a private foundation, based in Inverness, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $109K in total assets. In 2024, it awarded 1 grant totaling $300. Net investment income was $2K.

Cloherty Family Foundation at a glance

In short: Cloherty Family Foundation gave $300 across 1 grant in 2024 (avg $300), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$300
-96.6% vs 2023
Grants made (2024)
1
-50.0% vs 2023
Average grant
$300
-93.3% vs 2023
Median grant
$300
Total assets
$109,461
+1.5% vs 2023
Primary geography
Wisconsin (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Cloherty Family Foundation funds

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Three Lakes Comm Foundation - Veteran's Memorial: $300Three Lakes Comm Foundation -Veteran's Memorial$300

The largest 2024 recipient was Three Lakes Comm Foundation - Veteran's Memorial ($300).

Grant Size Distribution

12 grants across all recorded years

12<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 12 grants of 12 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of the 2024 grant dollars on its one itemized grant.

Cities

DundeeMemphisSomersMount ProspectThree Lakes

How Cloherty Family Foundation gives

  • Giving fell 98% from 2021 to 2024. Method
  • In 2024 it paid out 5% 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

$0$5K$10K$15K$20K3 grants2020 3 grants2021 3 grants2022 2 grants2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $300 (2024) to $16K (2021). In 2024 it made 1 grant totaling $300.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Three Lakes Comm Foundation - Veteran's Memorial Three Lakes, WICharitable - for community enrichment$300
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$109,461$3,492$1,841$3001$300$1,951$5,457
2023$107,810$12,331$10,574$8,9002$8,900$1,657$5,228
2022$106,053$17,878$17,069$15,5003$15,500—$5,199
2021$105,244$15,028$17,273$16,0003$16,000—$5,299
2020$107,489$21,335$16,699$15,5003——$5,163

Under IRS private-foundation payout rules, Cloherty Family Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Cloherty Family Foundation is led by Michael J Cloherty, President Treasurer Director on every filing since 2020; none of the 6 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Michael J Cloherty

    President Treasurer Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Donna L Cloherty

    Secretary Director

    On filings since 2020

    0 hrs/week

    No compensation reported

  • Maureen A Ross

    Director

    On filings since 2020

    0 hrs/week

    No compensation reported

  • Michael J Cloherty Jr.

    Director

    On filings since 2020

    0 hrs/week

    No compensation reported

  • Thomas P Cloherty

    Director

    On filings since 2020

    0 hrs/week

    No compensation reported

  • Cathleen P Knauss

    Director

    On filings since 2021

    0 hrs/week

    No compensation reported

Former officers (1)
  • Former: Cathleen P Kanuss (2020) — Director

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Cloherty Family Foundation

How much does Cloherty Family Foundation give each year?

Cloherty Family Foundation gave $300 across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $9K across 2 grants.

How large is Cloherty Family Foundation?

Cloherty Family Foundation reported $109K in total assets on its 2024 IRS Form 990-PF. It paid out $300 in qualifying distributions that year, against a required minimum of $5K (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 Cloherty Family Foundation operate?

Cloherty Family Foundation has awarded grants in Illinois, New York, Tennessee, Wisconsin.

What is Cloherty Family Foundation's EIN?

Cloherty Family Foundation's EIN (Employer Identification Number) is 83-0401233. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Cloherty Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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