The Clements Foundation Inc
EIN 061480882About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $489,000. This amount represents 25% or more of the Foundation's net assets of $1,211,656 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $315K | $2.1M | $73K | 10 |
| 2017 | $290K | $2.2M | $185K | 10 |
| 2018 | $205K | $1.8M | $159K | 8 |
| 2020 | $508K | $1.2M | $31K | 26 |
| 2021 | $489K | $828K | $153K | 20 |
| 2022 | $373K | $370K | $146K | 13 |
| 2023 | $394K | $0 | $110K | 9 |
Grant Size Distribution
Based on 96 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (96 total)
| Purpose | ||||
|---|---|---|---|---|
| American Promise Education Fund Inc | Concord, MA | $160,000 | General & Unrestricted | 2023 |
| American Promise Education Fund Inc | Concord, MA | $142,100 | General & Unrestricted | 2022 |
| American Promise Inc | Concord, MA | $125,000 | General & Unrestricted | 2016 |
| Free Speech for People Inc | Austin, TX | $105,000 | General & Unrestricted | 2021 |
| Grameen Research Inc | Woburn, MA | $100,000 | Yunus Social Business Program | 2020 |
| American Promise Education Fund Inc | Concord, MA | $100,000 | General & Unrestricted | 2021 |
| Free Speech for People Inc | Austin, TX | $100,000 | General & Unrestricted | 2017 |
| Free Speech for People Inc | Austin, TX | $90,000 | General & Unrestricted | 2023 |
| Free Speech for People Inc | Austin, TX | $90,000 | General & Unrestricted | 2022 |
| Free Speech for People Inc | Austin, TX | $75,000 | the hiring of a campaign director fund | 2020 |
| Free Speech for People Inc | Austin, TX | $50,000 | General & Unrestricted | 2018 |
| Center for Contemplative Mind in Society Inc | Florence, MA | $50,000 | Contemplative Social Change Certification Program | 2021 |
| Orion Society | Great Barrington, MA | $50,000 | Fund for Women Writers | 2021 |
| First Nations Development Institute | Longmont, CO | $50,000 | Tribal Lands Conservation Fund | 2023 |
| Phoenix Chamber Music Society | Phoenix, AZ | $41,000 | the Composer-in-Residence program | 2020 |
| Phoenix Chamber Music Society | Phoenix, AZ | $40,000 | Composer in Residence | 2021 |
| Phoenix Chamber Music Society | Phoenix, AZ | $40,000 | Composer in Residence fund | 2022 |
| Defy Ventures Inc | Pasadena, CA | $30,000 | General & Unrestricted | 2023 |
| Defy Ventures Inc | Pasadena, CA | $30,000 | General & Unrestricted | 2022 |
| American Promise Inc | Concord, MA | $25,000 | General & Unrestricted | 2018 |
| Appalachian Mountain Club | Boston, MA | $25,000 | A Mountain Classroom Program | 2018 |
| Summer Search Boston | Jamaica Plain, MA | $25,000 | General & Unrestricted | 2018 |
| Summer Search New York City | New York, NY | $25,000 | General & Unrestricted | 2018 |
| American Promise Education Fund Inc | Concord, MA | $25,000 | General & Unrestricted | 2020 |
| Defy Ventures Inc | Pasadena, CA | $25,000 | General & Unrestricted | 2020 |