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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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