The Clovelly Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $621K in total assets. In 2024, it awarded 18 grants totaling $528K. Net investment income was $420K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$621K
-14.7% YoY
Annual Giving
$528K
+173.9% YoY
Grant Count
18
+0.0% YoY
Avg Grant Size
$29K
+173.9% YoY
Under IRS private-foundation payout rules, The Clovelly Foundation reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.
About The Clovelly Foundation
Based on IRS filings
The Clovelly Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $621K in total assets. In 2024, it awarded 18 grants totaling $528K. Net investment income was $420K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $620,581 | $727,378 | $805,259 |
| Revenue | $435,450 | $126,501 | $110,820 |
| Expenses | $542,247 | $204,382 | $244,842 |
| Qualifying Distributions | $528,669 | $193,350 | $227,563 |
| Net Investment Income | $419,711 | $111,650 | $93,842 |
| Distributable Amount | $55,602 | $61,714 | $2,285 |
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
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hampden-sydney College ($298,500), London School of Economics ($60,000), Boys Girls Clubs of Richmond ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LONDON SCHOOL OF ECONOMICS NEW YORK, NY | EDUCATIONAL SUPPORT | $60,000 |
| HAMPDEN-SYDNEY COLLEGE FARMVILLE, VA | EDUCATIONAL SUPPORT | $298,500 |
| VIRGINIA MUSEUM OF FINE ARTS FOUNDA RICHMOND, VA | CHARITABLE SUPPORT | $15,000 |
| CANCERLINC RICHMOND, VA | CHARITABLE SUPPORT | $1,000 |
| TROUSDALE PLACE GALLATIN, TN | CHARITABLE SUPPORT | $25,000 |
| NATIONAL MUTIPLE SCLEROSIS SOCIETY GLEN ALLEN, VA | CHARITABLE SUPPORT | $500 |
| ST STEPHEN'S EPISCOPAL CHURCH RICHMOND, VA | CHARITABLE SUPPORT | $5,000 |
| BOYS GIRLS CLUBS OF RICHMOND RICHMOND, VA | CHARITABLE SUPPORT | $50,000 |
| MAYO CLINIC FOUNDATION JACKSONVILLE, FL | CHARITABLE SUPPORT | $5,000 |
| MISSION GAIT FOUNDATION RICHMOND, VA | CHARITABLE SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS N ALLEN | PRESIDENT | — | — |
| BERNADETTE G PALMER | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Clovelly Foundation?
The Clovelly Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. It holds $621K in total assets as of 2024.
How large is The Clovelly Foundation?
As of 2024, The Clovelly Foundation holds $621K in total assets with $435K in annual revenue. It awarded 18 grants totaling $528K in 2024.
Where does The Clovelly Foundation operate?
The Clovelly Foundation has awarded grants in District of Columbia, Florida, Georgia, Kentucky, Massachusetts, North Carolina, New York, Ohio, Tennessee, Virginia.
What size grants does The Clovelly Foundation award?
In 2024, The Clovelly Foundation awarded 18 grants totaling $528K — an average of about $29K per grant, based on its IRS Form 990 filings.
How much is The Clovelly Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Clovelly Foundation reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Clovelly Foundation's EIN?
The Clovelly Foundation's EIN (Employer Identification Number) is 54-1900970. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Clovelly Foundation'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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