Louis and Virginia Clemente
Louis and Virginia Clemente is a private foundation focused on Arts and culture, based in Greenwich, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 35 grants totaling $289K. Net investment income was $119K.
Key facts about Louis and Virginia Clemente
- EIN
- 51-0163549
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $288,500
- Grants made (2024)
- 35
- Average grant
- $8,243
- Median grant
- $5,000
- Total assets
- $3,240,421
- Primary geography
- Connecticut (22% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Louis and Virginia Clemente funds
By grant dollars, the top recipient states for Louis and Virginia Clemente's 35 itemized 2024 grants were Connecticut (22%), Oregon (19%) and Louisiana (14%). The most frequent recipient cities were Greenwich, CT (7 grants), New Orleans, LA (5 grants), Cos Cob, CT (3 grants) and Portland, OR (2 grants). 100% of grants with a stated purpose were for general or operating support.
How Louis and Virginia Clemente gives
- 63% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Louis and Virginia Clemente
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.2M
-5.5% YoY
Annual Giving
$289K
+40.0% YoY
Grant Count
35
+25.0% YoY
Avg Grant Size
$8K
+12.0% YoY
Under IRS private-foundation payout rules, Louis and Virginia Clemente reported a distributable amount of $288K for 2024 — the minimum it must pay out in qualifying distributions.
About Louis and Virginia Clemente
Based on IRS filings
Louis and Virginia Clemente is a private foundation focused on Arts and culture, based in Greenwich, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 35 grants totaling $289K. Net investment income was $119K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 35 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,240,421 | $3,427,892 | $3,618,031 |
| Revenue | $110,016 | $37,439 | $78,007 |
| Expenses | $297,270 | $228,174 | $207,502 |
| Qualifying Distributions | $289,759 | $209,990 | $201,848 |
| Net Investment Income | $118,970 | $115,702 | $99,330 |
| Distributable Amount | $288,052 | $249,659 | $248,953 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Friends of Glen Ridge Library ($20,000), Long Island University (College of Pharmacy and Health Sciences) ($20,000), Mayo Clinic for Parkinson's Disease Research ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS OF GLEN RIDGE LIBRARY Glen Ridge, NJ | UNRESTRICTED GRANT | $20,000 |
| LONG ISLAND UNIVERSITY (COLLEGE OF PHARMACY AND HEALTH SCIENCES) Brooklyn, NY | UNRESTRICTED GRANT | $20,000 |
| MAYO CLINIC FOR PARKINSON'S DISEASE RESEARCH Rochester, MN | UNRESTRICTED GRANT | $20,000 |
| PORTLAND ART MUSEUM Portland, OR | UNRESTRICTED GRANT | $20,000 |
| SEMINARY OF THE SOUTHWEST Austin, TX | UNRESTRICTED GRANT | $20,000 |
| BELLA MENTE QUANTUM RACING ASSOCIATION Minneapolis, MN | UNRESTRICTED GRANT | $15,000 |
| FAMILY PROMISE OF TUALATIN VALLEY Tigard, OR | UNRESTRICTED GRANT | $15,000 |
| PORTLAND COMMUNITY COLLEGE FOUNDATION Portland, OR | UNRESTRICTED GRANT | $15,000 |
| GREENWICH LIBRARY Greenwich, CT | UNRESTRICTED GRANT | $12,000 |
| AMERICAN FRIENDS OF EPISCOPAL DIOCESE OF JERUSALEM Darien, CT | UNRESTRICTED GRANT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mary Ellen Lebien | President | 2 | — |
| Michele L Maxwell | Vice President | 0.1 | — |
| Laurent C Lebien | Treasurer | 0.75 | — |
| Thomas E Lebien | Secretary | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Louis and Virginia Clemente?
Louis and Virginia Clemente is a private foundation focused on Arts and culture, based in Greenwich, CT. It holds $3.2M in total assets as of 2024.
How large is Louis and Virginia Clemente?
As of 2024, Louis and Virginia Clemente holds $3.2M in total assets with $110K in annual revenue. It awarded 35 grants totaling $289K in 2024.
Where does Louis and Virginia Clemente operate?
Louis and Virginia Clemente has awarded grants in Connecticut, Iowa, Indiana, Louisiana, Maryland, Minnesota, New Jersey, New York, Oregon, Texas.
What size grants does Louis and Virginia Clemente award?
In 2024, Louis and Virginia Clemente awarded 35 grants totaling $289K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Louis and Virginia Clemente required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Louis and Virginia Clemente reported a distributable amount of $288K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Louis and Virginia Clemente's EIN?
Louis and Virginia Clemente's EIN (Employer Identification Number) is 51-0163549. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.