Clover Foundation
Clover Foundation is a private foundation based in New York, NY. Its 2024 filing reports grantmaking to eight organizations, while the foundation’s website describes programs for children and families in Busega, Kampala, Uganda.
Clover Foundation at a glance
In short: Clover Foundation gave $3.0M across 8 grants in 2024 (avg $379K), top state New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,029,662
- +41.2% vs 2023
- Grants made (2024)
- 8
- +100.0% vs 2023
- Average grant
- $378,708
- -29.4% vs 2023
- Median grant
- $149,051
- Total assets
- $130,810,681
- +7.4% vs 2023
- Primary geography
- New Jersey (1% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Clover Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 420 Lexington Avenue Suite 300, New York, NY 10170
Phone: (212) 297-6199
Website: https://clover-foundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Clover Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Pontifica Universita Della Santa Croce (Pusc) ($2.0M). Together the top 8 received $3.0M.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 9 grants of 28 (32%).
Geographic Focus
Where this funder awards grants
The 2024 grants included recipients identified in New Jersey and Illinois, as well as organizations whose locations are not specified in the filing data provided. The foundation’s website describes its programs as serving children and families in Busega, Kampala, Uganda.
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.7M (2020) to $3.6M (2021). In 2024 it made 8 grants totaling $3.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 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, NJ | Grant for 2024 Summer Seminars | $25,000 |
| Youth Service International Inc Chicago, IL | 2024 Grant for Summer Service Projects | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $130,810,681 | $8,074,239 | $4,712,111 | $3,029,662 | 8 | $7,951,000 | $6,568,259 | $4,759,674 |
| 2023 | $121,827,512 | $2,233,706 | $3,765,136 | $2,145,000 | 4 | $6,233,615 | $1,425,385 | $4,856,983 |
| 2022 | $113,775,874 | $5,789,753 | $5,272,935 | $3,204,099 | 3 | $4,948,401 | $4,099,251 | $5,212,042 |
| 2021 | $128,972,474 | $9,791,573 | $5,227,647 | $3,556,355 | 7 | $4,141,909 | $8,632,551 | $5,471,697 |
| 2020 | $122,251,066 | $2,892,208 | $3,107,568 | $1,683,199 | 6 | — | $1,814,833 | $4,527,748 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s website says its mission is to help vulnerable children and families in Busega, Kampala, rise out of poverty. It describes early childhood education, nutrition and health support, continued primary education, and interest-free nano-loans for families.
The 2024 grants include support for education, religious institutions, building repairs, and student service projects. Youth Service International, a 2024 recipient, describes its own mission as sponsoring service projects, seminars, and leadership camps that help young men develop character and serve others.
Grantmaking
In 2024, the foundation reported eight grants totaling $3,029,662. Awards ranged from $20,000 to $2,000,000, with a median grant of $149,051. Notable grants included $2,000,000 to Pontifica Università della Santa Croce for operating expenses for the 2023–24 academic year; $412,000 to Asociación Venezolana de Promoción Educativa for prelature priests; $210,560 to the Diocese of Helsinki for building repairs and renovation; and $178,102 to the University of Piura for the Esteban Campodónico Award for 2023 and 2024. Other listed recipients included Asociación Cultural Internacional AC ($120,000), Caribbean Educational Association ($64,000), The Witherspoon Institute ($25,000), and Youth Service International ($20,000).
The 2024 filing also describes a $18,039 loan to Universidad Hemisferios in Ecuador as funding assistance to help the organization meet current obligations. This is reported as direct charitable activity, separately from the grants listed above.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Gonzalo Vera, William Orchard, Federico Riera-Marsa, Robert Moniot, Julien Nagore, Thomas White, Matthew Anthony, Andrew O’Meara, and Peter Anglada as officers or directors.
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
The highest reported compensation on the 2024 filing was $42K, to Andrew O'Meara (Secretary). 2 officers or directors reported compensation on that filing.
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?
The foundation’s website says its mission is to help vulnerable children and families in Busega, Kampala, rise out of poverty. It describes early childhood education, nutrition and health support, continued primary education, and interest-free nano-loans for families. See mission & focus areas ↑
How do I apply for a grant from Clover Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Clover Foundation make grants?
The 2024 grants included recipients identified in New Jersey and Illinois, as well as organizations whose locations are not specified in the filing data provided. The foundation’s website describes its programs as serving children and families in Busega, Kampala, Uganda.
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.
Does Clover Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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