Clark Charitable Foundation Inc
- Assets
- $421.1m
- Revenue
- $429.1m
- Investments
- $359.2m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 52-1512330
Organization Overview
Clark Charitable Foundation Inc is located in Bethesda, MD. The organization was established in 1987. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Clark Charitable Foundation Inc generated $429.1m in total revenue. All expenses for the organization totaled $72.2m during the year ending 12/2021. While expenses have increased by 60.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clark Charitable Foundation Inc has awarded 541 individual grants totaling $352,310,492. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Del Guercio President & CEO | 35 | $410,552 | |
Natalie Grandison Director, Engineerin | 40 | $211,000 | |
Danielle Hamberger Director, Education | 40 | $211,000 | |
Ashley Williams Director Of Operatio | 40 | $211,000 | |
Harry Monroe Director, Veterans P | 40 | $211,000 | |
Ryan Palmer Director, Dc Communi | 40 | $211,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jacquelyn B Davis Dba Ed-volution Group | 12/30/21 | $116,375 |
Burness Communication | 12/30/21 | $159,214 |
Goldman Sachs & Co Llc | 12/30/21 | $55,948 |
Fenton Communications Inc | 12/30/21 | $113,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $426,136,804 |
| Interest on Savings | $216,430 |
| Dividends & Interest | $1,294,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,484,330 |
| Capital Gain Net Income | $7,156,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $429,131,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $454,397 |
| Other employee salaries and wages | $1,449,266 |
| Pension plans, employee benefits | $272,272 |
| Interest | $0 |
| Taxes | $91,329 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,665 |
| Printing and publications | $0 |
| Other expenses | $984,555 |
| Total operating and administrative expenses | $3,801,922 |
| Contributions, gifts, grants paid | $68,380,318 |
| Total expenses and disbursements | $72,182,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,904,303 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $75,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $421,128,793 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Clark Charitable Foundation Inc has awarded $93,944,822 in support to 236 organizations.
| Grant Recipient | Amount |
|---|---|
College Park, MD PURPOSE: CLARK DOCTORAL FELLOWS | $8,000,000 |
Washington, DC PURPOSE: CAPITAL CAMPAIGN SUPPORT | $5,578,671 |
Washington, DC PURPOSE: SUPPORT FOR NEW HIGH SCHOOL CONSTRUCTION | $5,000,000 |
VANDERBILT UNIVERSITY PURPOSE: CLARK SCHOLARS PROGRAM | $3,000,000 |
Washington, DC PURPOSE: EARLY CHILDHOOD INNOVATION NETWORK | $2,500,000 |
College Park, MD PURPOSE: MARYLAND PROMISE PROGRAM | $2,321,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD | $536,433,677 | $181,299,725 |
Clark Charitable Foundation Inc Bethesda, MD | $421,128,793 | $429,131,785 |
Kendeda Fund Wilmington, DE | $107,220,402 | $29,360,526 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |