Cloverfields Foundation

NAPLES, FL EIN: 20-1919362

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

+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.

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

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

Minnesota $11.9M (55%)

District of Columbia $4.7M (22%)

Pennsylvania $2.1M (10%)

Illinois $893K (4%)

California $833K (4%)

Massachusetts $770K (4%)

Maryland $142K (1%)

Texas $115K (1%)

+7 more states

States

California District of Columbia Florida Georgia Illinois Indiana Kansas Massachusetts Maryland Minnesota New York Pennsylvania South Carolina Tennessee Texas

Cities

AlbanyApple ValleyBethesdaBloomingtonBostonBridleyBronxBrooklyn ParkCentrevilleChicagoColumbiaDallasDeephavenEaganEast FalmouthEdinaEvanstonFalcon HeightsGarden CityGolden Valley

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.