Eugene M Clary Foundation Inc

MARIETTA, GA EIN: 58-2310406

Eugene M Clary Foundation Inc is a private foundation, based in MARIETTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 22 grants totaling $220K. Net investment income was $238K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.0M

-1.8% YoY

Annual Giving

$220K

+23.6% YoY

Grant Count

22

+29.4% YoY

Avg Grant Size

$10K

-4.5% YoY

Under IRS private-foundation payout rules, Eugene M Clary Foundation Inc reported a distributable amount of $290K for 2024 — the minimum it must pay out in qualifying distributions.

About Eugene M Clary Foundation Inc

Based on IRS filings

Eugene M Clary Foundation Inc is a private foundation, based in MARIETTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 22 grants totaling $220K. Net investment income was $238K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

21states
+13 more states

Cities

AtlantaBaton RougeBear BranchByronCantonCarrolltonCharlotteChattanoogaChestertownCincinnatiColorado SpringsDallasDaltonDecaturDemorestDoverEvanstonFairmontGlendoraGrays Knob

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$225K$449K$674K$899K20202021202220232024
Metric202420232022
Total Assets$5,950,855$6,060,015$6,156,729
Revenue$390,078$569,449$-563,056
Expenses$499,238$666,163$547,194
Qualifying Distributions$347,100$381,188$353,205
Net Investment Income$237,940$280,856
Distributable Amount$289,824$296,124$349,715

Giving Over Time

Total grant dollars and number of grants per year

$0$79K$159K$238K$318K30 grants202028 grants202124 grants202217 grants202322 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

UNIVERSITY BAPTIST CHURCH$54KJARS OF CLAY MINISTRIES$35KAMERICAN CANCER SOCIETY$25KOUR FATHERS ARMS$20KCO-LABORERS INTERNATIONAL$10KCAMP GRACE$10KGREATER NEW HOPE BAPTIST$10KSWORD OF THE LORD$9KCALVARY BAPTIST CHURCH$9KAMBASSADORS FOR CHRIST$7K

Grant Size Distribution

121 grants across all recorded years

119<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University Baptist Church ($54,000), Jars of Clay Ministries ($35,000), American Cancer Society ($25,000).

RecipientPurposeAmount
AMBASSADORS FOR CHRIST ROSWELL, GACHARITABLE$7,000
AMERICAN CANCER SOCIETY DALLAS, TXCHARITABLE$25,000
CO-LABORERS INTERNATIONAL HACKENSACK, NJCHARITABLE$10,000
EASTWOOD BAPTIST CHURCH MARIETTA, GACHARITABLE$1,000
GEORGIA NATIONAL CEMETERY CANTON, GACHARITABLE$100
GREAT COMMISSIONS MINISTRIES ROSWELL, GACHARITABLE$4,000
JARS OF CLAY MINISTRIES ATLANTA, GACHARITABLE$35,000
OUR FATHERS ARMS JACKSONVILLE, ALCHARITABLE$20,000
PROVIDENCE MINISTRIES DALTON, GACHARITABLE$1,000
SWORD OF THE LORD MURFREESBORO, TNCHARITABLE$9,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

KENNETH B CLARYCEO & TRUSTEE$245KMARY S TEAGUESEC/TREASURER$9K

From 2024 filing

NameTitleHoursCompensation
KENNETH B CLARYCEO & TRUSTEE10$245,000
MARY S TEAGUESEC/TREASURER10$9,000

Frequently Asked Questions

How large is Eugene M Clary Foundation Inc?

As of 2024, Eugene M Clary Foundation Inc holds $6.0M in total assets with $390K in annual revenue. It awarded 22 grants totaling $220K in 2024.

Where does Eugene M Clary Foundation Inc operate?

Eugene M Clary Foundation Inc has awarded grants in Alabama, California, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Missouri, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia.

What size grants does Eugene M Clary Foundation Inc award?

In 2024, Eugene M Clary Foundation Inc awarded 22 grants totaling $220K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Eugene M Clary Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Eugene M Clary Foundation Inc reported a distributable amount of $290K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Eugene M Clary Foundation Inc's EIN?

Eugene M Clary Foundation Inc's EIN (Employer Identification Number) is 58-2310406. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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