William L Clay Scholarship and Research Fund
William L Clay Scholarship and Research Fund is a private foundation, based in Fergusson, MO. IRS filing data is available from 2018 through 2024. As of 2024, the organization holds $319K in total assets. In 2024, it awarded 7 grants totaling $115K. Net investment income was $14K.
Key facts about William L Clay Scholarship and Research Fund
In short: William L Clay Scholarship and Research Fund gave $115K across 7 grants in 2024 (avg $16K), mostly in Missouri. Source: 2024 IRS Form 990-PF.
- EIN
- 43-1288222
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $115,000
- Grants made (2024)
- 7
- Average grant
- $16,429
- Median grant
- $3,000
- Total assets
- $319,306
- Primary geography
- Missouri (90% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$319K
-32.6% YoY
Annual Giving
$115K
+618.8% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$16K
+618.7% YoY
Under IRS private-foundation payout rules, William L Clay Scholarship and Research Fund reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
How William L Clay Scholarship and Research Fund gives
- Giving grew 268% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2018 to 2024, annual grant giving ranged from $16K (2023) to $115K (2024). In 2024 it made 7 grants totaling $115K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was St Louis University ($100K).
Organizations only. It also paid 6 individual scholarships ($15,000), which are not listed by name.
Grant Size Distribution
53 grants across all recorded years
The most common grant size was under $50K: 52 grants of 53 (98%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Louis University St. Louis, MO | Donation | $100,000 |
| 6 individual scholarships Recipients not named | — | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $319,306 | $473,648 | $544,905 |
| Revenue | $45,608 | $33,316 | $31,483 |
| Expenses | $208,756 | $109,635 | $43,817 |
| Qualifying Distributions | $115,000 | $16,000 | $23,250 |
| Net Investment Income | $14,001 | $10,089 | $9,028 |
| Distributable Amount | $4,460 | $13,508 | $12,952 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2018 (received by the IRS January 2, 2020)
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 27, 2025)
- IRS filings on file for fiscal years 2018–2024
Leadership & Key People
Officers and directors from IRS filings
William L Clay Scholarship and Research Fund is led by Willie Kilpatrick, President on every filing since 2023; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Willie Kilpatrick
President
On filings since 2023
No compensation reported
Sgt Misty Dobynes
Vice President
On filings since 2022
No compensation reported
Edward Blake
Treasurer
On filings since 2023
No compensation reported
Carol Bennett
Secretary
New on the 2024 filing
No compensation reported
Former officers (5)
- Former: Carol W. Clay (2023) — Secretary
- Former: Angela Thomas (2018–2022) — President
- Former: Michelle Clay (2018–2022) — Treasurer
- Former: Stacy Lyles (2018–2022) — Secretary
- Former: Tanya Hawkins (2018–2021) — Vice President
Data from IRS Form 990 filings, 2018–2024. "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 William L Clay Scholarship and Research Fund
How much does William L Clay Scholarship and Research Fund give each year?
William L Clay Scholarship and Research Fund gave $115K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $16K across 7 grants.
What is William L Clay Scholarship and Research Fund's typical grant size?
William L Clay Scholarship and Research Fund's median grant in 2024 was $3,000, and its average grant was $16,429, across 7 grants on its 2024 IRS Form 990-PF.
Where does William L Clay Scholarship and Research Fund give grants?
William L Clay Scholarship and Research Fund gives mostly in Missouri: 90% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does William L Clay Scholarship and Research Fund give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on William L Clay Scholarship and Research Fund's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship Awarded for Tuition" (6 grants).
How large is William L Clay Scholarship and Research Fund?
William L Clay Scholarship and Research Fund reported $319K in total assets on its 2024 IRS Form 990-PF. It paid out $115K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
What is William L Clay Scholarship and Research Fund's EIN?
William L Clay Scholarship and Research Fund's EIN (Employer Identification Number) is 43-1288222. IRS Form 990 filing data is available on this page for 2018–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching William L Clay Scholarship and Research Fund by hand.
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