The Clements Foundation Inc
The Clements Foundation Inc is a private foundation, based in FORT WAYNE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $391K in total assets. In 2024, it awarded 6 grants totaling $20K. Net investment income was $31K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$391K
+1.8% YoY
Annual Giving
$20K
+0.0% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$3K
+0.0% YoY
Under IRS private-foundation payout rules, The Clements Foundation Inc reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
About The Clements Foundation Inc
Based on IRS filings
The Clements Foundation Inc is a private foundation, based in FORT WAYNE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $391K in total assets. In 2024, it awarded 6 grants totaling $20K. Net investment income was $31K.
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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 | $390,579 | $383,768 | $407,196 |
| Revenue | $33,510 | $3,093 | $19,752 |
| Expenses | $26,514 | $26,587 | $24,928 |
| Qualifying Distributions | $23,508 | $23,521 | $20,924 |
| Net Investment Income | $30,666 | $11,668 | $16,326 |
| Distributable Amount | $21,780 | $20,706 | $21,211 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Keene Valley Library Association ($5,000), Mom's House Toledo ($4,000), Raven Hill Discovery Center ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST MARGARET'S HOUSE SOUTH BEND, IN | COMMUNITY ACTIVITY | $2,000 |
| KEENE VALLEY LIBRARY ASSOCIATION KEENE VALLEY, NY | COMMUNITY ACTIVITY | $5,000 |
| THE WILD CENTER TUPPER LAKE, NY | COMMUNITY ACTIVITY | $3,000 |
| CAMP MANITO-WISH BOULDER JUNCTION, WI | YOUTH ACTIVITY | $2,000 |
| MOM'S HOUSE TOLEDO TOLEDO, OH | COMMUNITY ACTIVITY | $4,000 |
| RAVEN HILL DISCOVERY CENTER EAST JORDAN, MI | COMMUNITY ACTIVITY | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN CLEMENTS III | SECRETARY/TREASURER | 1 | — |
| CAROLE CLEMENTS | VICE PRESIDENT | 1 | — |
| KATE CLEMENTS GARRY | PRESIDENT | 1 | — |
| MICHAEL CLEMENTS | MEMEBER | 1 | — |
| JAMES MICHELFELDER | MEMBER | 1 | — |
Frequently Asked Questions
How large is The Clements Foundation Inc?
As of 2024, The Clements Foundation Inc holds $391K in total assets with $34K in annual revenue. It awarded 6 grants totaling $20K in 2024.
Where does The Clements Foundation Inc operate?
The Clements Foundation Inc has awarded grants in Florida, Indiana, Michigan, New York, Ohio, Wisconsin.
What size grants does The Clements Foundation Inc award?
In 2024, The Clements Foundation Inc awarded 6 grants totaling $20K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Clements Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Clements Foundation Inc reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Clements Foundation Inc's EIN?
The Clements Foundation Inc's EIN (Employer Identification Number) is 35-6055279. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Clements Foundation Inc'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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