David R Clare & Margaret C Clare Fnd
David R Clare & Margaret C Clare Fnd is a private foundation based in Parsippany, New Jersey. Its 2025 filing lists five grants, each for general support.
David R Clare & Margaret C Clare Fnd at a glance
In short: David R Clare & Margaret C Clare Fnd gave $3.0M across 5 grants in 2025 (avg $604K), top state California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,020,760
- -85.6% vs 2024
- Grants made (2025)
- 5
- -91.4% vs 2024
- Average grant
- $604,152
- +67.0% vs 2024
- Median grant
- $460,000
- Total assets
- $461,535
- -87.6% vs 2024
- Primary geography
- California (32% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to David R Clare & Margaret C Clare Fnd
- 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.
- Contact
Mailing address: 100 Southgate Parkway PO Box 199, Morristown, NJ 07962-1997
Phone: (973) 538-4006
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who David R Clare & Margaret C Clare Fnd funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was North County Lifeline Inc ($970K). Together the top 5 received $3.0M.
Grant Size Distribution
277 grants across all recorded years
The most common grant size was in the $100–250K range: 103 grants of 277 (37%).
Geographic Focus
Where this funder awards grants
The 2025 grants went to recipients in California (32% of grant dollars), Florida (32%), New York (21%), and Indiana (15%).
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How David R Clare & Margaret C Clare Fnd gives
- Giving fell 78% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2025, annual grant giving ranged from $3.0M (2025) to $22.2M (2023). In 2025 it made 5 grants totaling $3.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| North County Lifeline Inc Oceanside, CA | General Support | $970,430 |
| Gulf Coast Junior Golf Tour Naples, FL | General Support | $970,330 |
| David R Clare Jr David Clare Foundation Indianapolis, IN | General Support | $460,000 |
| Robert Hinton DRC MCC Family Fund New York, NY | General Support | $460,000 |
| DRC & MCC Donor Advised Fund Matthew D Hinton New York, NY | General Support | $160,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $461,535 | $43,650 | $3,327,723 | $3,020,760 | 5 | $3,179,310 | — | $56,434 |
| 2024 | $3,712,343 | $652,948 | $22,544,557 | $20,978,797 | 58 | $21,791,066 | $195,877 | $1,126,590 |
| 2023 | $26,985,700 | $1,355,627 | $23,871,260 | $22,163,320 | 64 | $22,979,056 | $443,659 | $2,567,518 |
| 2022 | $50,309,560 | $6,662,966 | $15,362,469 | $13,467,167 | 70 | $14,368,031 | $5,663,871 | $2,872,827 |
| 2021 | $59,293,738 | $23,664,752 | $10,627,729 | $8,502,260 | 80 | — | $24,585,346 | $3,101,981 |
| 2020 | $46,385,694 | $8,027,950 | $8,797,787 | $6,781,500 | 77 | — | $8,382,390 | $3,265,365 |
Under IRS private-foundation payout rules, David R Clare & Margaret C Clare Fnd reported a distributable amount of $56K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. One 2025 grantee, North County Lifeline Inc, describes its mission as building partnerships in North San Diego County and delivering services to children, families, and individuals to resolve problems, increase skills, and nurture self-reliance.
Grantmaking
In 2025, the foundation reported five grants totaling $3,020,760. Grant amounts ranged from $160,000 to $970,430, with a median of $460,000. The largest grants were $970,430 to North County Lifeline Inc, $970,330 to Gulf Coast Junior Golf Tour, $460,000 to David R Clare Jr David Clare Foundation, $460,000 to Robert Hinton DRC MCC Family Fund, and $160,000 to DRC & MCC Donor Advised Fund Matthew D Hinton. Each was designated for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Carol A Clare and David R Clare Jr as managing directors and trustees, and Robert B Hinton Jr and Matthew D Hinton as regional directors and trustees.
David R Clare & Margaret C Clare Fnd is led by David R. Clare Jr., Managing Director & Trustee since 2022 (on filings since 2020); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
David R. Clare Jr.
Managing Director & Trustee
Managing Director & Trustee → Regional Director & Trustee, 2021
Regional Director & Trustee → Managing Director & Trustee, 2022
On filings since 2020
$301K (2020) → $0 (2025)
Carol A. Clare
Managing Director & Trustee
On filings since 2021
$258K (2021) → $0 (2025)
Matthew D. Hinton
Regional Director & Trustee
On filings since 2020
$123K (2020) → $0 (2025)
Robert B. Hinton Jr.
Regional Director & Trustee
On filings since 2020
$118K (2020) → $0 (2025)
Former officers (2)
- Former: Christopher E. Clare (2020–2023) — Regional Director & Trustee
- Former: Carol Clare Defuria (2020) — Regional Director & Trustee
Data from IRS Form 990 filings, 2020–2025. "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 $308K, to Carol a Clare (Managing Director & Truste). 4 officers or directors reported compensation on that filing.
Frequently asked questions about David R Clare & Margaret C Clare Fnd
How much does David R Clare & Margaret C Clare Fnd give each year?
David R Clare & Margaret C Clare Fnd gave $3.0M across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $21.0M across 58 grants.
What is David R Clare & Margaret C Clare Fnd's typical grant size?
David R Clare & Margaret C Clare Fnd's median grant in 2025 was $460,000, and its average grant was $604,152, across 5 grants on its 2025 IRS Form 990-PF.
Where does David R Clare & Margaret C Clare Fnd give grants?
David R Clare & Margaret C Clare Fnd's top state is California, with 32% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (32%) and New York (21%). The most frequent recipient cities were New York, NY (2 grants).
Does David R Clare & Margaret C Clare Fnd give general operating support?
Yes: 100% of David R Clare & Margaret C Clare Fnd's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are David R Clare & Margaret C Clare Fnd's largest grantees?
David R Clare & Margaret C Clare Fnd's largest 2025 grantees include North County Lifeline Inc ($970,430), Gulf Coast Junior Golf Tour ($970,330) and David R Clare Jr David Clare Foundation ($460,000), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.
How large is David R Clare & Margaret C Clare Fnd?
David R Clare & Margaret C Clare Fnd reported $462K in total assets on its 2025 IRS Form 990-PF. It paid out $3.2M in qualifying distributions that year, against a required minimum of $56K (roughly 5% of its investment assets).
What does David R Clare & Margaret C Clare Fnd fund?
No mission statement for the foundation is provided. One 2025 grantee, North County Lifeline Inc, describes its mission as building partnerships in North San Diego County and delivering services to children, families, and individuals to resolve problems, increase skills, and nurture self-reliance. See mission & focus areas ↑
How do I apply for a grant from David R Clare & Margaret C Clare Fnd?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is David R Clare & Margaret C Clare Fnd's EIN?
David R Clare & Margaret C Clare Fnd's EIN (Employer Identification Number) is 65-0300004. IRS Form 990 filing data is available on this page for 2020–2025.
Does David R Clare & Margaret C Clare Fnd accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 12, 2026)
- IRS filings on file for fiscal years 2020–2025
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