The Clara Fund
The Clara Fund is a private foundation, based in Portola Valley, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 3 grants totaling $222K. Net investment income was $96K.
The Clara Fund at a glance
In short: The Clara Fund gave $222K across 3 grants in 2024 (avg $74K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $222,000
- +83.5% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $74,000
- +83.5% vs 2023
- Median grant
- $10,000
- Total assets
- $3,366,846
- -8.1% vs 2023
- Primary geography
- California (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Clara Fund funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was The Philanthrophy Workshop ($207K). Together the top 3 received $222K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 17 grants of 22 (77%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Clara Fund gives
- Giving held roughly steady from 2021 to 2024 (+16%). Method
- In 2024 it paid out 140% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $121K (2023) to $256K (2022). In 2024 it made 3 grants totaling $222K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Philanthrophy Workshop San Francisco, CA | Contribution to this charity's mission related charitable activities. | $207,000 |
| Count Me In New York, NY | Contribution helping to advance the economic lives of women by assisting them in obtaining business loans. | $10,000 |
| Wildlife Conservation Network San Francisco, CA | Contribution to this charity's mission related charitable activities. | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,366,846 | $232,039 | $566,075 | $222,000 | 3 | $231,130 | $95,822 | $165,190 |
| 2023 | $3,664,361 | $83,230 | $259,841 | $121,000 | 3 | $122,289 | $34,780 | $196,027 |
| 2022 | $3,803,971 | $80,559 | $391,081 | $255,825 | 2 | $272,400 | $27,786 | $198,138 |
| 2021 | $4,091,637 | $821,493 | $321,861 | $191,000 | 3 | $194,565 | $760,766 | $222,006 |
| 2020 | $3,588,177 | $424,815 | $357,066 | $208,000 | 11 | — | $348,951 | $200,430 |
Under IRS private-foundation payout rules, The Clara Fund reported a distributable amount of $165K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Clara Fund is led by Lorene Arey, President on every filing since 2020; 2 of 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Lorene Arey
President
On filings since 2020
40 hrs/week
$12K (2020) → $18K (2024)
Holly Kjos
Director
On filings since 2022
1 hr/week
$15K (2023) → $15K (2024)
Hansen Perkins
Director
On filings since 2020
1 hr/week
No compensation reported
Paris Arey
Director
On filings since 2020
1 hr/week
No compensation reported
Haley Perkins
Secretary
On filings since 2020
12 hrs/week
No compensation reported
Former officers (1)
- Former: Holly Mar (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $18K, to Lorene Arey (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Clara Fund
How much does The Clara Fund give each year?
The Clara Fund gave $222K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $121K across 3 grants.
What is The Clara Fund's typical grant size?
The Clara Fund's median grant in 2024 was $10,000, and its average grant was $74,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Clara Fund give grants?
The Clara Fund gives mostly in California: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were San Francisco, CA (2 grants).
Does The Clara Fund give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on The Clara Fund's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Clara Fund?
The Clara Fund reported $3.4M in total assets on its 2024 IRS Form 990-PF. It paid out $231K in qualifying distributions that year, against a required minimum of $165K (roughly 5% of its investment assets).
What is The Clara Fund's EIN?
The Clara Fund's EIN (Employer Identification Number) is 58-2672863. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Clara Fund's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Clara Fund funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/the-clara-fund-morg_9f4e3e0c97b64122bbbbcced94fe8d55
BibTeX
@misc{grantable_582672863_2026,
author = {{Grantable}},
title = {{The Clara Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-clara-fund-morg_9f4e3e0c97b64122bbbbcced94fe8d55},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Clara Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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