The Clowes Fund Incorporated
The Clowes Fund Incorporated is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $59.0M in total assets. In 2024, it awarded 1 grant totaling $3.1M. Net investment income was $4.6M.
The Clowes Fund Incorporated at a glance
In short: The Clowes Fund Incorporated gave $3.1M across 1 grant in 2024 (avg $3.1M), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,138,750
- -89.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $3,138,750
- -89.0% vs 2023
- Median grant
- $3,138,750
- Total assets
- $58,981,945
- +1.3% vs 2023
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to The Clowes Fund Incorporated
Open Grants
5 open opportunities from The Clowes Fund Incorporated
Clowes Fund: Indianapolis Grant
The Clowes Fund Incorporated
Amount
Up to US $150,000
Deadline
Deadline not published
Clowes Fund: New England - Maine Grant
The Clowes Fund Incorporated
Amount
Up to US $150,000
Deadline
Deadline not published
Clowes Fund: New England - Massachusetts Grant
The Clowes Fund Incorporated
Amount
Up to US $150,000
Deadline
Deadline not published
Who The Clowes Fund Incorporated funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Clowes Fund Incorporated gives
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 102% 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 $3.0M (2022) to $28.6M (2023). In 2024 it made 1 grant totaling $3.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Statement Indianapolis, IN | See Attached | $3,138,750 |
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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 | $58,981,945 | $4,827,566 | $4,075,972 | $3,138,750 | 1 | $3,812,143 | $4,608,384 | $3,719,285 |
| 2023 | $58,229,924 | $4,180,302 | $29,565,926 | $28,569,150 | 1 | $29,234,132 | $3,923,508 | $3,454,780 |
| 2022 | $58,557,607 | $2,027,021 | $3,997,519 | $2,997,800 | 1 | $3,679,741 | $1,749,243 | $3,524,218 |
| 2021 | $60,528,133 | $7,823,546 | $4,872,923 | $3,777,050 | 1 | $4,434,894 | $7,513,196 | $3,787,713 |
| 2020 | $57,576,062 | $5,520,944 | $6,136,347 | $5,099,000 | 1 | — | $5,197,455 | $3,337,280 |
Under IRS private-foundation payout rules, The Clowes Fund Incorporated reported a distributable amount of $3.7M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Clowes Fund Incorporated is led by Megan Briggs Reilly, Executive Director on every filing since 2021; 2 of 14 officers listed in 2024 are compensated.
Officers on the 2024 filing
Megan Briggs Reilly
Executive Director
On filings since 2021
40 hrs/week
$125K (2021) → $151K (2024)
Jonathan Clowes
Director & President
On filings since 2020
2 hrs/week
No compensation reported
Erin Trisler
Operations Director
Operations Director → Second Assistant Treasurer, 2021
Second Assistant Treasurer → Operations Director, 2022
On filings since 2020
40 hrs/week
$90K (2020) → $108K (2024)
Aidan Clowes
Director
On filings since 2020
2 hrs/week
No compensation reported
Alexander Wheeler Clowes
Director
Director & Treasurer → Director, 2022
On filings since 2020
2 hrs/week
No compensation reported
Ben Blanton
Director
On filings since 2020
2 hrs/week
No compensation reported
Carolyn Osteen
Director
On filings since 2020
2 hrs/week
No compensation reported
Daniel Clowes
Director
On filings since 2020
2 hrs/week
No compensation reported
Douglas Clowes
Director
On filings since 2020
2 hrs/week
No compensation reported
Edith Bowles
Director & Vice President
On filings since 2020
2 hrs/week
No compensation reported
Edith Clowes
Director
On filings since 2020
2 hrs/week
No compensation reported
Samuel Huneke
Director & Secretary
On filings since 2020
2 hrs/week
No compensation reported
Una Osili
Director
On filings since 2020
2 hrs/week
No compensation reported
Veronica Serrato
Director & Treasurer
Director → First Assistant Treasurer, 2021
First Assistant Treasurer → Director & Treasurer, 2022
On filings since 2020
2 hrs/week
No compensation reported
Former officers (1)
- Former: Elizabeth Casselman (2020–2021) — Executive 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 $151K, to Megan Reilly (Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Clowes Fund Incorporated
How much does The Clowes Fund Incorporated give each year?
The Clowes Fund Incorporated gave $3.1M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $28.6M across 1 grant.
How large is The Clowes Fund Incorporated?
The Clowes Fund Incorporated reported $59.0M in total assets on its 2024 IRS Form 990-PF. It paid out $3.8M in qualifying distributions that year, against a required minimum of $3.7M (roughly 5% of its investment assets).
Where does The Clowes Fund Incorporated operate?
The Clowes Fund Incorporated has awarded grants in Indiana.
What is The Clowes Fund Incorporated's EIN?
The Clowes Fund Incorporated's EIN (Employer Identification Number) is 35-1079679. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 Clowes Fund Incorporated's focus areas in our free grants database
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