Clover C Clark Memorial Tr

BROOKLYN, OH EIN: 01-6007111

Clover C Clark Memorial Tr is a private foundation, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 6 grants totaling $132K. Net investment income was $137K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.8M

-0.2% YoY

Annual Giving

$132K

-12.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$22K

-12.1% YoY

Under IRS private-foundation payout rules, Clover C Clark Memorial Tr reported a distributable amount of $122K for 2024 — the minimum it must pay out in qualifying distributions.

About Clover C Clark Memorial Tr

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $396K (70%)

Massachusetts $108K (19%)

Rhode Island $62K (11%)

States

Massachusetts Maine Rhode Island

Cities

AugustaBostonDamariscottaNewcastleProvidence

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,848,244	$1,852,160	$1,947,955
Revenue	$156,702	$80,802	$41,692
Expenses	$160,314	$176,467	$104,059
Qualifying Distributions	$139,478	$157,424	$84,018
Net Investment Income	$136,792	$62,584	$34,545
Distributable Amount	$122,235	$115,631	$119,657

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Miles Memorial Hospital Inc ($26,489), The Lincoln Home ($26,489), Boston University ($26,489).

Recipient	Purpose	Amount
THE MAINE CONFERENCE AUGUSTA, ME	GENERAL OPERATING	$19,867
MILES MEMORIAL HOSPITAL INC DAMARISCOTTA, ME	GENERAL OPERATING	$26,489
THE LINCOLN HOME NEWCASTLE, ME	GENERAL OPERATING	$26,489
BOSTON UNIVERSITY BOSTON, MA	GENERAL OPERATING	$26,489
BENEFICENT CONGREGATIONAL CHURCH PROVIDENCE, RI	GENERAL OPERATING	$13,245
SKIDOMPHA LIBRARY DAMARISCOTTA, ME	GENERAL OPERATING	$19,867

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KEYBANK N A	TRUSTEE	1	$24,126

Frequently Asked Questions

How large is Clover C Clark Memorial Tr?

As of 2024, Clover C Clark Memorial Tr holds $1.8M in total assets with $157K in annual revenue. It awarded 6 grants totaling $132K in 2024.

Where does Clover C Clark Memorial Tr operate?

Clover C Clark Memorial Tr has awarded grants in Massachusetts, Maine, Rhode Island.

What size grants does Clover C Clark Memorial Tr award?

In 2024, Clover C Clark Memorial Tr awarded 6 grants totaling $132K — an average of about $22K per grant, based on its IRS Form 990 filings.

How much is Clover C Clark Memorial Tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Clover C Clark Memorial Tr reported a distributable amount of $122K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.