David R Clare & Margaret C Clare
The David R Clare & Margaret C Clare Foundation is a private family foundation established in 1991, based in Morristown, New Jersey. The foundation distributes grants across a broad range of charitable causes with a national scope.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
-86.2% YoY
Annual Giving
$21.0M
-5.3% YoY
Grant Count
58
-9.4% YoY
Avg Grant Size
$362K
+4.4% YoY
Under IRS private-foundation payout rules, David R Clare & Margaret C Clare reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation gives primarily for education, children, youth and social services, and to Roman Catholic churches and schools. Recent grant distribution patterns show:
- Social & Human Services: 29% of giving
- Health: 24% of giving
- Education: 22% of giving
The foundation also supports general charitable causes including healthcare, human services, education, and other pre-selected organizations across multiple U.S. states.
Grantmaking
Applicants must contact the foundation directly for the application process. There are no deadlines.
Review Cycle
.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation distributes grants nationally across the United States, with recent giving in California, Georgia, and Pennsylvania.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $3,712,343
- Total Giving: $20,978,797
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,712,343 | $26,985,700 | $50,309,560 |
| Revenue | $652,948 | $1,355,627 | $6,662,966 |
| Expenses | $22,544,557 | $23,871,260 | $15,362,469 |
| Qualifying Distributions | $21,791,066 | $22,979,056 | $14,368,031 |
| Net Investment Income | $195,877 | $443,659 | $5,663,871 |
| Distributable Amount | $1,126,590 | $2,567,518 | $2,872,827 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Our Lady of Assumption Catholic School ($2,000,000), Neighborhood Health Clinic Inc ($1,335,000), St Matthews House ($1,200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALS ASSOC OF GA INC ATLANTA, GA | GENERAL SUPPORT | $1,000,000 |
| BAYHEAD YEACHT CLUB FOUNDATION BAY HEAD, NJ | GENERAL SUPPORT | $100,000 |
| BEYOND BLINDNESS OF ORANGE CTY SANTA ANA, CA | GENERAL SUPPORT | $400,000 |
| BUCKNELL UNIVERSITY LEWISBURG, PA | GENERAL SUPPORT | $170,000 |
| CAMP SUNSHINE DECATUR, GA | GENERAL SUPPORT | $440,000 |
| CATERINA'S CLUB ANAHEIM, CA | GENERAL SUPPORT | $400,000 |
| CCH MEDICAL CENTER CINCINNATI, OH | GENERAL SUPPORT | $1,100,000 |
| CHASTIAN HORSE PARK ATLANTA, GA | GENERAL SUPPORT | $982,900 |
| CHILDREN'S HOSPITAL OF PHILA PHILADELPHIA, PA | GENERAL SUPPORT | $25,000 |
| CINCINNATI JUNIORS ROWING CLUB CINCINNATI, OH | GENERAL SUPPORT | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Founders: David R. Clare and Margaret C. Clare
- Carol A Clare: Managing Director & Trustee
- David R Clare Jr: Managing Director & Trustee
- Matthew D H: Listed in leadership (title not specified in sources)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROL A CLARE | MANAGING DIRECTOR & TRUSTE | 30 | $308,050 |
| DAVID R CLARE JR | MANAGING DIRECTOR & TRUSTEE | 30 | $264,550 |
| ROBERT B HINTON JR | REGIONAL DIRECTOR & TRUSTE | 30 | $121,684 |
| MATTHEW D HINTON | REGIONAL DIRECTOR & TRUSTE | 30 | $126,250 |
Contact Information
Address: David R Clare and Margaret C Clare Foundation 100 Southgate Parkway PO Box 199 Morristown, New Jersey 07960-6465
Phone: 973-538-4006
EIN: 65-0300004
Frequently Asked Questions
What does David R Clare & Margaret C Clare fund?
The foundation gives primarily for education, children, youth and social services, and to Roman Catholic churches and schools. Recent grant distribution patterns show: • **Social & Human Services**: 29% of giving • **Health**: 24% of giving • **Education**: 22% of giving The foundation also supports general charitable causes including healthcare, human services, education, and other pre-selected organizations across multiple U.S. states.
How do I apply for a grant from David R Clare & Margaret C Clare?
**Grant Characteristics:** • Typical award range: $10,000–$2,315,000 • The foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds **Recent Grants:** • $600,000 to Medical University of South Carolina • $578,000 to Ronald McDonald House Charities of the Philadelphia Region • $400,000 to Caterinas Club • $400,000 to Beyond Blindness of Orange City • $300,000 to University of Notre Dame • $210,000 to Kate's Club • $100,000 to …
Where does David R Clare & Margaret C Clare make grants?
The foundation distributes grants nationally across the United States, with recent giving in California, Georgia, and Pennsylvania.
What size grants does David R Clare & Margaret C Clare award?
In 2024, David R Clare & Margaret C Clare awarded 58 grants totaling $21.0M — an average of about $362K per grant, based on its IRS Form 990 filings.
How much is David R Clare & Margaret C Clare required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, David R Clare & Margaret C Clare reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is David R Clare & Margaret C Clare's EIN?
David R Clare & Margaret C Clare's EIN (Employer Identification Number) is 65-0300004. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.