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Clover Foundation

Foundation · Grantmaker New York, NY EIN: 74-2390003 Website

Clover Foundation is a 501(c)(3) private foundation based in New York, NY, established in September 1985. The organization operates as a grantmaking foundation with significant assets and a focus on philanthropic activities across multiple regions.

Key facts about Clover Foundation

In short: Clover Foundation gave $3.0M across 8 grants in 2024 (avg $379K), top state New Jersey. Source: 2024 IRS Form 990-PF.

EIN
74-2390003
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$3,029,662
Grants made (2024)
8
Average grant
$378,708
Median grant
$149,051
Total assets
$130,810,681
Primary geography
New Jersey (1% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$130.8M

+7.4% YoY

Annual Giving

$3.0M

+41.2% YoY

Grant Count

8

+100.0% YoY

Avg Grant Size

$379K

-29.4% YoY

Under IRS private-foundation payout rules, Clover Foundation reported a distributable amount of $4.8M for 2024 — the minimum it must pay out in qualifying distributions.

How Clover Foundation gives

  • Giving held roughly steady from 2021 to 2024 (−15%). Method
  • In 2024 it paid out 167% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Clover Foundation's grantmaking priorities include:

  • Education
  • Philanthropy, Voluntarism & Grantmaking
  • Private Grantmaking
  • Social Science Research
  • Public Policy

Grantmaking

Review Cycle

are not detailed in available sources.

How to Apply

es and deadlines are not detailed in available sources.

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Geographic Focus

Where this funder awards grants

Clover Foundation's grantmaking priorities include a primary focus on:

  • New Jersey
  • Illinois

Grant Distribution by State

4states

Share of all 8 itemized 2024 grant dollars.

Cities

PrincetonChicagoMiamiNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M$4M6 grants20207 grants20213 grants20224 grants20238 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Pontifica Universita Della Santa Croce (Pusc): $2.0MPontifica Universita DellaSanta Croce (Pusc)$2.0MAsociacion Venezolana De Promocion Educativa (Apve): $412KAsociacion Venezolana DePromocion Educativa (Apve)$412KDiocese of Helsinki: $211KDiocese of Helsinki$211KUniversity of Piura: $178KUniversity of Piura$178KAsociacion Cultural Internacional Ac: $120KAsociacion CulturalInternacional Ac$120KCaribbean Educational Association (Cea): $64KCaribbean EducationalAssociation (Cea)$64KThe Witherspoon Institute: $25KThe Witherspoon Institute$25KYouth Service International Inc: $20KYouth Service InternationalInc$20K

Grant Size Distribution

28 grants across all recorded years

9<$50K2$50–100K7$100–250K3$250–500K3$500K–1M4$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
PONTIFICA UNIVERSITA DELLA SANTA CROCE (PUSC) GRANT FOR OPERATING EXPENSES 2023-24 ACADEMIC YEAR$2,000,000
ASOCIACION VENEZOLANA DE PROMOCION EDUCATIVA (APVE) GRANT FOR AVPE FOR PRELATURE PRIESTS$412,000
DIOCESE OF HELSINKI GRANT FOR REPAIRS AND RENOVATION OF BUILDING$210,560
UNIVERSITY OF PIURA GRANT FOR ESTEBAN CAMPODONICO AWARD (2023 & 2024)$178,102
ASOCIACION CULTURAL INTERNACIONAL AC 2024 GRANT FOR MONTEFALCO SCHOOL$120,000
CARIBBEAN EDUCATIONAL ASSOCIATION (CEA) GRANT FOR BRIAR HOUSE STUDY CENTER$64,000
THE WITHERSPOON INSTITUTE Princeton, NJGRANT FOR 2024 SUMMER SEMINARS$25,000
YOUTH SERVICE INTERNATIONAL INC Chicago, IL2024 GRANT FOR SUMMER SERVICE PROJECTS$20,000

Financial History

Multi-year comparison from IRS filings

As of 2024:

  • Total Assets: $130,810,681
  • Total Revenue: $8,070,000
  • Total Expenses: $4,710,000
  • Total Liabilities: $0
  • Total Grants Paid: $3,029,662

Tax Status: Tax-exempt since September 1985 EIN: 74-2390003

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M20202021202220232024
Metric202420232022
Total Assets$130,810,681$121,827,512$113,775,874
Revenue$8,074,239$2,233,706$5,789,753
Expenses$4,712,111$3,765,136$5,272,935
Qualifying Distributions$7,951,000$6,233,615$4,948,401
Net Investment Income$6,568,259$1,425,385$4,099,251
Distributable Amount$4,759,674$4,856,983$5,212,042

Data update history

When this profile's IRS filing data changed on Grantable

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

Leadership & Key People

Officers and directors from IRS filings

Clover Foundation is led by Federico Riera-Marsa, Director & President on every filing since 2020; 2 of 9 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Federico Riera-Marsa

    Director & President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Gonzalo Vera

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Julien Nagore

    Director & Vice President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Robert Moniot

    Director & Vice President

    On filings since 2020

    4 hrs/week

    No compensation reported

  • Thomas White

    Director & Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Matthew Anthony

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Peter Anglada

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • William Orchard

    Treasurer

    On filings since 2020

    10 hrs/week

    $24K (2020) → $35K (2024)

  • Andrew O'Meara

    Secretary

    On filings since 2023

    10 hrs/week

    $19K (2023) → $42K (2024)

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.

Compensation Overview

From 2024 IRS filing

Andrew O'Meara — Secretary: $42KAndrew O'MearaSecretary$42KWilliam Orchard — Treasurer: $35KWilliam OrchardTreasurer$35K

Contact Information

Address: 420 Lexington Avenue, Room 300 New York, NY 10170

Frequently asked questions about Clover Foundation

How much does Clover Foundation give each year?

Clover Foundation gave $3.0M across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.1M across 4 grants.

What is Clover Foundation's typical grant size?

Clover Foundation's median grant in 2024 was $149,051, and its average grant was $378,708, across 8 grants on its 2024 IRS Form 990-PF.

Does Clover Foundation give general operating support?

Yes: 13% of Clover Foundation's 2024 grants with a stated purpose (1 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Clover Foundation's largest grantees?

Clover Foundation's largest 2024 grantees include Pontifica Universita Della Santa Croce (Pusc) ($2,000,000), Asociacion Venezolana De Promocion Educativa (Apve) ($412,000) and Diocese of Helsinki ($210,560), according to its 2024 IRS Form 990-PF. Together they received 87% of its itemized 2024 grant dollars.

How large is Clover Foundation?

Clover Foundation reported $130.8M in total assets on its 2024 IRS Form 990-PF. It paid out $8.0M in qualifying distributions that year, against a required minimum of $4.8M (roughly 5% of its investment assets).

What does Clover Foundation fund?

Clover Foundation's grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Private Grantmaking • Social Science Research • Public Policy

How do I apply for a grant from Clover Foundation?

**Financial Capacity:** • Total assets: $130,810,681 (2024) • Total giving: $3,029,662 (2024) • Typical award range: $20,000–$3,079,099 **Grant Activity:** The foundation maintains an active grantmaking program, though specific application processes and deadlines are not detailed in available sources.

Where does Clover Foundation make grants?

Clover Foundation's grantmaking priorities include a primary focus on: • New Jersey • Illinois

What is Clover Foundation's EIN?

Clover Foundation's EIN (Employer Identification Number) is 74-2390003. 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. Research dossier generated April 2026.

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