Clover Foundation
- Assets
- $113.8m
- Revenue
- $5.8m
- Investments
- $78.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 74-2390003
Organization Overview
Clover Foundation is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Clover Foundation 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 12/2022, Clover Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $5.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clover Foundation has awarded 29 individual grants totaling $13,683,207. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gonzalo Vera Director | 1 | $0 | |
William Orchard Treasurer | 15 | $24,348 | |
Federico Riera-Marsa Director/president | 6 | $0 | |
Robert Moniot Director/vice President | 2 | $0 | |
Julien Nagore Director/vice President | 1 | $0 | |
Thomas White Director/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $828,788 |
| Interest on Savings | $93,350 |
| Dividends & Interest | $1,120,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,386,133 |
| Capital Gain Net Income | $2,386,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $932,562 |
| Total Revenue | $5,789,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,348 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,195 |
| Interest | $0 |
| Taxes | $115,743 |
| Depreciation | $428,484 |
| Occupancy | $14,558 |
| Travel, conferences, and meetings | $398 |
| Printing and publications | $0 |
| Other expenses | $14,182 |
| Total operating and administrative expenses | $997,836 |
| Contributions, gifts, grants paid | $4,275,099 |
| Total expenses and disbursements | $5,272,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,418 |
| Savings and temporary cash investments | $1,426,803 |
| Net Accounts receivable | $107,121 |
| 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 | $21,819,758 |
| Net Land, buildings, and equipment | $20,374,772 |
| Other assets | $12,310,713 |
| Total assets | $113,775,874 |
| Accounts payable and accrued expenses | $6,000 |
| 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 | $6,000 |
Grants Awarded
Over the last fiscal year, Clover Foundation has awarded $3,204,099 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PRELATURA DELLA SANTA CROCE E OPUS DEI PURPOSE: VILLA FONTANA PROJECT | $3,079,099 |
ASOCIACION CULTURAL INTERNACIONAL AC PURPOSE: MONTEFALCO SCHOOL - GRANT | $100,000 |
THE WITHERSPOON INSTITUTE PURPOSE: TO SUPPORT SCHREYER SUMMER | $25,000 |