The Clowes Fund Incorporated

INDIANAPOLIS, IN EIN: 35-1079679

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 grants totaling $3.1M. Net investment income was $4.6M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$59.0M

+1.3% YoY

Annual Giving

$3.1M

-89.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3.1M

-89.0% YoY

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.

About The Clowes Fund Incorporated

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $43.6M (100%)

States

Indiana

Cities

Indianapolis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$58,981,945	$58,229,924	$58,557,607
Revenue	$4,827,566	$4,180,302	$2,027,021
Expenses	$4,075,972	$29,565,926	$3,997,519
Qualifying Distributions	$3,812,143	$29,234,132	$3,679,741
Net Investment Income	$4,608,384	$3,923,508	$1,749,243
Distributable Amount	$3,719,285	$3,454,780	$3,524,218

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Open Grants

5 open opportunities from The Clowes Fund Incorporated

Show all 5 →

Foundation

Clowes Fund: Indianapolis Grant

The Clowes Fund Incorporated

Amount

Up to US $150,000

Deadline

Rolling / Open

Foundation

Clowes Fund: New England - Maine Grant

The Clowes Fund Incorporated

Amount

Up to US $150,000

Deadline

Rolling / Open

Foundation

Clowes Fund: New England - Massachusetts Grant

The Clowes Fund Incorporated

Amount

Up to US $150,000

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Attached Statement ($3,138,750).

Recipient	Purpose	Amount
See Attached Statement Indianapolis, IN	See Attached	$3,138,750

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is The Clowes Fund Incorporated?

As of 2024, The Clowes Fund Incorporated holds $59.0M in total assets with $4.8M in annual revenue. It awarded 1 grants totaling $3.1M in 2024.

Where does The Clowes Fund Incorporated operate?

The Clowes Fund Incorporated has awarded grants in Indiana.

What size grants does The Clowes Fund Incorporated award?

In 2024, The Clowes Fund Incorporated awarded 1 grants totaling $3.1M — an average of about $3.1M per grant, based on its IRS Form 990 filings.

How much is The Clowes Fund Incorporated required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Clowes Fund Incorporated reported a distributable amount of $3.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.