The Clarke Family Foundation

Foundation · Grantmaker Austin, TX EIN: 20-3312486

The Clarke Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.7M in total assets. In 2024, it awarded 4 grants totaling $1.6M. Net investment income was $1.2M.

Key facts about The Clarke Family Foundation

EIN: 20-3312486
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,630,000
Grants made (2024): 4
Average grant: $407,500
Median grant: $437,500
Total assets: $12,689,510
Primary geography: Texas (69% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Clarke Family Foundation funds

By grant dollars, the top recipient states for The Clarke Family Foundation's 4 itemized 2024 grants were Texas (69%) and Tennessee (31%). The most frequent recipient cities were Austin, TX (2 grants). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Support the Organization" (4 grants).

How The Clarke Family Foundation gives

Giving grew 72% from 2021 to 2024. Method
In 2024 it paid out 221% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Clarke Family Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.7M

-3.5% YoY

Annual Giving

$1.6M

+70.1% YoY

Grant Count

-42.9% YoY

Avg Grant Size

$408K

+197.8% YoY

Under IRS private-foundation payout rules, The Clarke Family Foundation reported a distributable amount of $739K for 2024 — the minimum it must pay out in qualifying distributions.

About The Clarke Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $1.1M (69%)

Tennessee $500K (31%)

Share of all 4 itemized 2024 grant dollars.

States

Colorado Iowa Tennessee Texas

Cities

AustinCrested ButteGunnisonNashvilleSan AntonioBoone

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$12,689,510	$13,144,588	$13,576,306
Revenue	$1,231,293	$561,817	$-86,204
Expenses	$1,686,371	$1,009,796	$1,122,878
Qualifying Distributions	$1,631,350	$958,000	$1,060,000
Net Investment Income	$1,182,639	$411,258	$362,396
Distributable Amount	$738,754	$704,543	$743,651

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 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 4 recipients in 2024

Grant Size Distribution

36 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include University of TX at Austin ($750,000), Country Music Hall of Fame ($500,000), University of TX at San Antonio ($375,000).

Recipient	Purpose	Amount
UNIVERSITY OF TX AT AUSTIN Austin, TX	TO SUPPORT THE ORGANIZATION	$750,000
COUNTRY MUSIC HALL OF FAME Nashville, TN	TO SUPPORT THE ORGANIZATION	$500,000
UNIVERSITY OF TX AT SAN ANTONIO San Antonio, TX	TO SUPPORT THE ORGANIZATION	$375,000
STAR OF TX RODEO Austin, TX	TO SUPPORT THE ORGANIZATION	$5,000

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
Jeffrey Clarke	Vice President/Secretary	—	—
Loretta Clarke	President/Treasurer	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Clarke Family Foundation?

The Clarke Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Austin, TX. It holds $12.7M in total assets as of 2024.

How large is The Clarke Family Foundation?

As of 2024, The Clarke Family Foundation holds $12.7M in total assets with $1.2M in annual revenue. It awarded 4 grants totaling $1.6M in 2024.

Where does The Clarke Family Foundation operate?

The Clarke Family Foundation has awarded grants in Colorado, Iowa, Tennessee, Texas.

What size grants does The Clarke Family Foundation award?

In 2024, The Clarke Family Foundation awarded 4 grants totaling $1.6M — an average of about $408K per grant, based on its IRS Form 990 filings.

How much is The Clarke Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Clarke Family Foundation reported a distributable amount of $739K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.