Louis and Leona Cleaves Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 11 grants totaling $61K. Net investment income was $214K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+8.4% YoY
Annual Giving
$61K
+5.2% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$6K
+5.2% YoY
Under IRS private-foundation payout rules, Louis and Leona Cleaves Trust reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
About Louis and Leona Cleaves Trust
Based on IRS filings
Louis and Leona Cleaves Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 11 grants totaling $61K. Net investment income was $214K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,787,565 | $1,649,634 | $1,555,141 |
| Revenue | $236,132 | $180,852 | $-38,483 |
| Expenses | $95,898 | $85,157 | $125,426 |
| Qualifying Distributions | $72,286 | $68,254 | $99,690 |
| Net Investment Income | $214,470 | $158,586 | $14,643 |
| Distributable Amount | $88,913 | $80,926 | $85,378 |
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
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bangor Theological Seminary ($5,582), Sweetser ($5,582), Maine Sea Coast Mission ($5,582).
| Recipient | Purpose | Amount |
|---|---|---|
| BANGOR THEOLOGICAL SEMINARY BANGOR, ME | UNRESTRICTED GENERAL | $5,582 |
| SWEETSER SACO, ME | UNRESTRICTED GENERAL | $5,582 |
| MAINE SEA COAST MISSION BAR HARBOR, ME | UNRESTRICTED GENERAL | $5,582 |
| BLUE HILL MEMORIAL HOSPITAL BLUE HILL, ME | UNRESTRICTED GENERAL | $5,582 |
| UNIVERSITY OF MAINE FOUNDATION ORONO, ME | UNRESTRICTED GENERAL | $5,582 |
| HILLSIDE SCHOOL INC MARLBOROUGH, MA | UNRESTRICTED GENERAL | $5,582 |
| SHRINERS HOSPITALS FOR CHILDREN TAMPA, FL | UNRESTRICTED GENERAL | $5,582 |
| FIRST BAPTIST CHURCH QUINCY, MA | UNRESTRICTED GENERAL | $5,582 |
| AMERICAN CANCER SOCIETY INC OKLAHOMA CITY, OK | UNRESTRICTED GENERAL | $5,582 |
| THE SALVATION ARMY WEST NYACK, NY | UNRESTRICTED GENERAL | $5,582 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $25,959 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Louis and Leona Cleaves Trust?
Louis and Leona Cleaves Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $1.8M in total assets as of 2024.
How large is Louis and Leona Cleaves Trust?
As of 2024, Louis and Leona Cleaves Trust holds $1.8M in total assets with $236K in annual revenue. It awarded 11 grants totaling $61K in 2024.
Where does Louis and Leona Cleaves Trust operate?
Louis and Leona Cleaves Trust has awarded grants in Florida, Massachusetts, Maine, New York, Oklahoma.
What size grants does Louis and Leona Cleaves Trust award?
In 2024, Louis and Leona Cleaves Trust awarded 11 grants totaling $61K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Louis and Leona Cleaves Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Louis and Leona Cleaves Trust reported a distributable amount of $89K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Louis and Leona Cleaves Trust's EIN?
Louis and Leona Cleaves Trust's EIN (Employer Identification Number) is 59-7279023. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Louis and Leona Cleaves Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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