Clover Foundation
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.
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.
Ready to take the next step with Clover Foundation?
Geographic Focus
Where this funder awards grants
Clover Foundation's grantmaking priorities include a primary focus on:
- New Jersey
- Illinois
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
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 |
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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- 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
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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