Cloverfields Foundation is a private foundation based in Naples, Florida, designated as a 501(c)(3) organization. The foundation has been tax-exempt since January 2005 and operates as a private independent foundation focused on philanthropic grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$58.4M
-3.0% YoY
Annual Giving
$5.3M
-7.9% YoY
Grant Count
31
+0.0% YoY
Avg Grant Size
$170K
-7.9% YoY
Under IRS private-foundation payout rules, Cloverfields Foundation reported a distributable amount of $9.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and STEM Education
- Christian nonprofits
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Minnesota
- Pennsylvania
- New York
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $60,257,863
- Total revenues: $43,339,492
- Total expenses: $5,826,588
- Total liabilities: $4,600,000
- Investment income and dividends: $2,016,956
- Net gain from sale of non-inventory assets: $12,824,519
Employee count: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $58,441,659 | $60,257,863 | $40,589,835 |
| Revenue | $37,300,516 | $43,339,492 | $15,555,066 |
| Expenses | $5,586,739 | $5,826,588 | $4,201,367 |
| Qualifying Distributions | $5,258,000 | $5,706,050 | $3,851,750 |
| Net Investment Income | $6,108,195 | $14,788,351 | $1,201,454 |
| Distributable Amount | $9,326,187 | $6,643,818 | $6,054,514 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
140 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Interfaith Outreach & Community Partners ($1,005,000), Fordham University ($762,500), University of St Thomas - Dougherty College ($750,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AGATE HOUSING AND SERVICES MINNEAPOLIS, MN | GENERAL OPERATING FUND | $5,000 |
| AIM HIGHER FOUNDATION ST PAUL, MN | GENERAL OPERATING FUND | $50,000 |
| AMERICAN HEART ASSOCIATION EAGAN, MN | GENERAL OPERATING FUND | $1,000 |
| ASCENSION CATHOLIC SCHOOL MINNEAPOLIS, MN | GENERAL OPERATING FUND | $25,000 |
| BASILICA OF ST MARY'S MINNEAPOLIS, MN | GENERAL OPERATING FUND | $53,000 |
| BIG BROTHERS BIG SISTERS OF AMERICA TAMPA, FL | GENERAL OPERATING FUND | $1,000 |
| BRECK SCHOOL GOLDEN VALLEY, MN | GENERAL OPERATING FUND | $5,000 |
| CONSTELLATION FUND MINNEAPOLIS, MN | GENERAL OPERATING FUND | $50,000 |
| CRISTO REY JESUIT HIGH SCHOOL MINNEAPOLIS, MN | GENERAL OPERATING FUND | $100,000 |
| DELASALLE HIGH SCHOOL MINNEAPOLIS, MN | GENERAL OPERATING FUND | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Stephen J. Hemsley – President
- Barbara K. Hemsley – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN J HEMSLEY | PRESIDENT | 1 | — |
| BARBARA K HEMSLEY | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Cloverfields Foundation fund?
The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education • Christian nonprofits
How do I apply for a grant from Cloverfields Foundation?
**Grant Activity:** • Total giving: $5,258,000 (most recent filing) • Typical award range: $500 to $2,100,000 • Median grant amount: $25,000 • Maximum grant observed: $1,500,000 • Recent grant count: 27–31 grants annually **Recent Grantees (2023):** • Georgetown University: $1,200,000 • Marywood University: $600,000 • Interfaith Outreach and Community Partners: $515,000
Where does Cloverfields Foundation make grants?
The foundation primarily funds organizations in: • Minnesota • Pennsylvania • New York
What size grants does Cloverfields Foundation award?
In 2024, Cloverfields Foundation awarded 31 grants totaling $5.3M — an average of about $170K per grant, based on its IRS Form 990 filings.
How much is Cloverfields Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cloverfields Foundation reported a distributable amount of $9.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cloverfields Foundation's EIN?
Cloverfields Foundation's EIN (Employer Identification Number) is 20-1919362. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cloverfields Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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