The Clovelly Foundation
The Clovelly Foundation is a private foundation based in Richmond, Virginia. It makes grants to qualifying public charities and, according to its 2024 filing, does not carry out charitable activities directly.
The Clovelly Foundation at a glance
In short: The Clovelly Foundation gave $255K across 20 grants in 2025 (avg $13K), mostly in Virginia. 45% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $255,100
- -51.7% vs 2024
- Grants made (2025)
- 20
- +11.1% vs 2024
- Average grant
- $12,755
- -56.5% vs 2024
- Median grant
- $5,000
- Total assets
- $450,191
- -27.5% vs 2024
- New grantees (estimate)
- 45% first-time grantees (9 of 20, 2025; small sample)
- Primary geography
- Virginia (79% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Clovelly Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: 7204 Glen Forest Drive Suite 100, Richmond, VA 23226
Phone: (804) 232-2373
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Clovelly Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Hampden-Sydney College ($129K). Together the top 10 received $234K.
Grant Size Distribution
80 grants across all recorded years
The most common grant size was under $50K: 71 grants of 80 (89%).
Geographic Focus
Where this funder awards grants
In 2025, Virginia recipients received 79% of grant dollars, Tennessee recipients 14%, Massachusetts recipients 3%, and recipients in Florida and New York 2% each.
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
States
Cities
Is The Clovelly Foundation open to new grantees?
45%
first-time grantees, 2025
In 2025, 9 of 20 grantees (45%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $2K; repeat grants $21K. How we count
Medians: $1K first-time, $5K repeat.
- 55% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 523% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $183K (2020) to $528K (2024). In 2025 it made 20 grants totaling $255K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hampden-Sydney College Farmville, VA | Educational Support | $128,500 |
| Trousdale Place Gallatin, TN | Charitable Support | $30,500 |
| Virginia Museum of Fine Arts Founda Richmond, VA | Charitable Support | $20,000 |
| The Richmond Symphony Richmond, VA | Charitable Support | $20,000 |
| Boys Girls Clubs of Richmond Richmond, VA | Charitable Support | $10,000 |
| St Stephen's Episcopal Church Richmond, VA | Charitable Support | $5,000 |
| Mayo Clinic Foundation Jacksonville, FL | Charitable Support | $5,000 |
| Mission Gait Foundation Richmond, VA | Charitable Support | $5,000 |
| United Way Alexandria, VA | Charitable Support | $5,000 |
| Commonwealth Shakespeare Company Boston, MA | Charitable Support | $5,000 |
Ready to take the next step with The Clovelly Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $450,191 | $122,995 | $277,118 | $255,100 | 20 | $255,762 | $99,594 | $48,858 |
| 2024 | $620,581 | $435,450 | $542,247 | $528,000 | 18 | $528,669 | $419,711 | $55,602 |
| 2023 | $727,378 | $126,501 | $204,382 | $192,750 | 18 | $193,350 | $111,650 | $61,714 |
| 2022 | $805,259 | $110,820 | $244,842 | $227,000 | 12 | $227,563 | $93,842 | $2,285 |
| 2021 | $939,281 | $235,892 | $257,660 | $243,000 | 12 | $243,550 | $222,070 | $166 |
| 2020 | $961,049 | $109,315 | $198,302 | $183,000 | 11 | — | $103,527 | $71,839 |
| 2019 | $1,050,036 | $302,058 | $232,872 | $216,500 | 16 | — | $289,477 | $73,331 |
Under IRS private-foundation payout rules, The Clovelly Foundation reported a distributable amount of $49K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing describes its grantmaking as support for qualifying public charities but does not state a separate mission. Its 2025 grants included educational support and charitable support. Among the organizations it supported, Hampden-Sydney College describes its mission as forming “good men and good citizens in an atmosphere of sound learning,” while the Richmond Symphony says it performs, teaches, and champions music to inspire and unite communities.
Other 2025 grantees illustrate a range of activities: the Concussion Legacy Foundation says it supports people affected by concussions and CTE and works on education, prevention, and research; Leadership Metro Richmond describes itself as a community leadership development and engagement organization; and Friends of Hollywood Cemetery says it works to maintain, renovate, and preserve the cemetery’s historic sections.
Grantmaking
In 2025, the foundation gave $255,100 across 20 grants. Grants ranged from $100 to $128,500, with a median grant of $5,000. The largest award was $128,500 to Hampden-Sydney College for educational support. Other notable grants included $30,500 to Trousdale Place for charitable support, $20,000 each to the Virginia Museum of Fine Arts Foundation and the Richmond Symphony for charitable support, and $10,000 to Boys & Girls Clubs of Richmond for charitable support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Thomas N. Allen as president and Bernadette G. Palmer as treasurer.
The Clovelly Foundation is led by Thomas N. Allen, President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Thomas N. Allen
President
On filings since 2019
No compensation reported
Bernadette G. Palmer
Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Clovelly Foundation
How much does The Clovelly Foundation give each year?
The Clovelly Foundation gave $255K across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $528K across 18 grants.
What is The Clovelly Foundation's typical grant size?
The Clovelly Foundation's median grant in 2025 was $5,000, and its average grant was $12,755, across 20 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Clovelly Foundation that year got $2K on average.
Where does The Clovelly Foundation give grants?
The Clovelly Foundation gives mostly in Virginia: 79% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (14%). The most frequent recipient cities were Richmond, VA (9 grants) and Boston, MA (2 grants).
Does The Clovelly Foundation give general operating support?
Not in 2025: none of the 20 grants with a stated purpose on The Clovelly Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Support" (17 grants) and "Educational Support" (3 grants).
Who are The Clovelly Foundation's largest grantees?
The Clovelly Foundation's largest 2025 grantees include Hampden-Sydney College ($128,500), Trousdale Place ($30,500) and Virginia Museum of Fine Arts Founda ($20,000), according to its 2025 IRS Form 990-PF. Together they received 70% of its itemized 2025 grant dollars.
How large is The Clovelly Foundation?
The Clovelly Foundation reported $450K in total assets on its 2025 IRS Form 990-PF. It paid out $256K in qualifying distributions that year, against a required minimum of $49K (roughly 5% of its investment assets).
What does The Clovelly Foundation fund?
The foundation’s filing describes its grantmaking as support for qualifying public charities but does not state a separate mission. Its 2025 grants included educational support and charitable support. See mission & focus areas ↑
How do I apply for a grant from The Clovelly Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2019–2025.
Does The Clovelly Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 2, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 27, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 28, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 3, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in The Clovelly Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Clovelly Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-clovelly-foundation-morg_2a20863fbffb46ec9519871fb17ec6ad
BibTeX
@misc{grantable_541900970_2026,
author = {{Grantable}},
title = {{The Clovelly Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-clovelly-foundation-morg_2a20863fbffb46ec9519871fb17ec6ad},
note = {Accessed 2026-10-15. 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 Clovelly Foundation'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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