The Gladys and Franklin Clark Foundation
The Gladys and Franklin Clark Foundation is a private foundation, based in WILLIAMSBURG, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 4 grants totaling $250K. Net investment income was $607K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.0M
+6.0% YoY
Annual Giving
$250K
+31.6% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$63K
+31.6% YoY
Under IRS private-foundation payout rules, The Gladys and Franklin Clark Foundation reported a distributable amount of $304K for 2024 — the minimum it must pay out in qualifying distributions.
About The Gladys and Franklin Clark Foundation
Based on IRS filings
The Gladys and Franklin Clark Foundation is a private foundation, based in WILLIAMSBURG, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 4 grants totaling $250K. Net investment income was $607K.
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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 | $5,988,798 | $5,647,799 | $5,744,975 |
| Revenue | $720,742 | $163,200 | $299,569 |
| Expenses | $378,590 | $333,012 | $413,952 |
| Qualifying Distributions | $264,758 | $208,486 | $267,718 |
| Net Investment Income | $606,909 | $66,797 | $160,910 |
| Distributable Amount | $304,216 | $293,403 | $306,081 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Colonial Williamsburg Foundation ($100,000), Child Development Resources ($50,000), Colonial Williamsburg Foundation ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILD DEVELOPMENT RESOURCES WILLIAMSBURG, VA | INSPIRE AND EMPOWER CHILDREN, FAMILIES AND EARLY CHILDHOOD PROFESSIONALS TO REACH THEIR FULL POTENTIAL | $50,000 |
| COLONIAL WILLIAMSBURG FOUNDATION WILLIAMSBURG, VA | ENCOURAGES AUDIENCES TO LEARN FROM THE PAST THROUGH PRESERVATION OF 18TH-CENTURY WILLIAMSBURG | $100,000 |
| COLONIAL WILLIAMSBURG FOUNDATION WILLIAMSBURG, VA | ENCOURAGES AUDIENCES TO LEARN FROM THE PAST THROUGH PRESERVATION OF 18TH-CENTURY WILLIAMSBURG | $50,000 |
| MUSCARELLE MUSEUM OF ART FOUNDATION WILLIAMSBURG, VA | PROVIDES A DYNAMIC ENVIRONMENT FOR EXPLORING ART AT ALL LEVELS OF EXPERIENCE AND INTEREST | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| L ALVIN GARRISON | PRESIDENT/DIRECTOR | 3.75 | $20,000 |
| JOSEPH W MONTGOMERY | TREASURER/DIRECTOR | 3.75 | $20,000 |
| LAURA DEAN LEE | SECRETARY/DIRECTOR | 3.75 | — |
Frequently Asked Questions
How large is The Gladys and Franklin Clark Foundation?
As of 2024, The Gladys and Franklin Clark Foundation holds $6.0M in total assets with $721K in annual revenue. It awarded 4 grants totaling $250K in 2024.
Where does The Gladys and Franklin Clark Foundation operate?
The Gladys and Franklin Clark Foundation has awarded grants in Virginia.
What size grants does The Gladys and Franklin Clark Foundation award?
In 2024, The Gladys and Franklin Clark Foundation awarded 4 grants totaling $250K — an average of about $63K per grant, based on its IRS Form 990 filings.
How much is The Gladys and Franklin Clark Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gladys and Franklin Clark Foundation reported a distributable amount of $304K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gladys and Franklin Clark Foundation's EIN?
The Gladys and Franklin Clark Foundation's EIN (Employer Identification Number) is 54-1640751. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Gladys and Franklin Clark 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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