Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
CLOVER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)420 LEXINGTON AVENUE SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10170
A Employer identification number

74-2390003
B Telephone number (see instructions)

(212) 297-6199
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$119,189,881J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 482,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments 272,043 272,043  
4 Dividends and interest from securities... 1,324,456 1,324,456  
5a Gross rents............ 428,484    
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,315,519
b Gross sales price for all assets on line 6a 36,594,223
7 Capital gain net income (from Part IV, line 2)... 5,315,519
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
251,237 251,237 0
12 Total. Add lines 1 through 11........ 8,074,239 7,163,255 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 82,883 26,154 0 56,729
14 Other employee salaries and wages...... 26,026 0 0 26,026
15 Pension plans, employee benefits....... 4,680 0 0 4,680
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
51,929 0 0 51,929
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,158 9,079 0 9,079
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
452,817 452,817 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
110,561 104,518 0 6,043
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
428,484 0 0
20 Occupancy.............. 16,732 2,008 0 14,724
21 Travel, conferences, and meetings....... 2,333 0 0 2,333
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,215 420 0 4,795
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,199,818 594,996 0 176,338
25 Contributions, gifts, grants paid....... 3,512,293 3,029,662
26 Total expenses and disbursements. Add lines 24 and 25 4,712,111 594,996 0 3,206,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,362,128
b Net investment income (if negative, enter -0-) 6,568,259
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 923,321 551,575 551,575
2 Savings and temporary cash investments......... 2,144,671 4,007,798 4,007,798
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   107,121    
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 47,243,819 Click to see attachment
List of Attached Documents:
// Content
55,235,506 		55,235,506
c Investments—corporate bonds (attach schedule)....... 13,497,316 Click to see attachment
List of Attached Documents:
// Content
14,718,454 		14,718,454
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,011,064 Click to see attachment
List of Attached Documents:
// Content
18,301,415 		18,301,415
14 Land, buildings, and equipment: basis right arrow25,766,529
Less: accumulated depreciation (attach schedule) right arrow6,248,725 19,946,288 Click to see attachment
List of Attached Documents:
// Content
19,517,804 		7,897,004
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
14,953,912 		Click to see attachment
List of Attached Documents:
// Content
18,478,129 		Click to see attachment
List of Attached Documents:
// Content
18,478,129
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 121,827,512 130,810,681 119,189,881
Liabilities 17 Accounts payable and accrued expenses.......... 43,076  
18 Grants payable................. 214,000  
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 257,076 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 121,570,436 127,448,553
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 3,362,128
29 Total net assets or fund balances (see instructions)..... 121,570,436 130,810,681
30 Total liabilities and net assets/fund balances (see instructions). 121,827,512 130,810,681
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
121,570,436
2
Enter amount from Part I, line 27a .....................
2
3,362,128
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,897,929
4
Add lines 1, 2, and 3 ..........................
4
130,830,493
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
19,812
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
130,810,681
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a MEXICO R/E - TORRE CENTERNARIO P    
b PUBLICLY TRADED SECURITIES      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,896,601   5,067,079 3,829,522
b 27,697,622   26,211,625 1,485,997
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,829,522
b       1,485,997
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 5,315,519
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 91,299
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 91,299
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 91,299
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 41,415
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 41,415
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 49,884
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY, TX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.CLOVERFDN.ORG
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (212) 297-6199

Located atright arrow420 LEXINGTON AVENUE SUITE 300NEW YORKNY ZIP+4right arrow10170
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
GONZALO VERA DIRECTOR
1.00 		0 0 0
C/O CLOVER FOUNDATION 420 LEXINGTON
NEW YORK,NY10170
WILLIAM ORCHARD TREASURER
10.00 		35,438 3,645 0
C/O CLOVER FOUNDATION 420 LEXINGTON
NEW YORK,NY10170
FEDERICO RIERA-MARSA DIRECTOR/PRESIDENT
2.00 		0 0 0
C/O CLOVER FOUNDATION 420 LEXINGTON
NEW YORK,NY10170
ROBERT MONIOT DIRECTOR/VICE PRESIDENT
4.00 		0 0 0
C/O CLOVER FOUNDATION 420 LEXINGTON
NEW YORK,NY10170
JULIEN NAGORE DIRECTOR/VICE PRESIDENT
2.00 		0 0 0
C/O CLOVER FOUNDATION 420 LEXINGTON
NEW YORK,NY10170
THOMAS WHITE DIRECTOR/SECRETARY
1.00 		0 0 0
C/O CLOVER FOUNDATION 420 LEXINGTON
NEW YORK,NY10170
MATTHEW ANTHONY DIRECTOR
1.00 		0 0 0
C/O CLOVER FOUNDATION 420 LEXINGTON
NEW YORK,NY10170
ANDREW O'MEARA SECRETARY
10.00 		42,000 1,800 0
C/O CLOVER FOUNDATION 420 LEXINGTON
NEW YORK,NY10170
PETER ANGLADA DIRECTOR
1.00 		0 0 0
C/O CLOVER FOUNDATION 420 LEXINGTON
NEW YORK,NY10170
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
CITI PRIVATE BANK INVESTMENT SERVICES 452,817
388 GREENWICH STREET 19TH FLOOR
NEW YORK,NY10013
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 LOAN 18039 UNIVERSIDAD HEMISFERIOS (ECUADOR) PROVIDED FUNDING ASSISTANCE TO THE ORGANIZATION TO MEET CURRENT OBLIGATIONS. 4,745,000
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow4,745,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
85,180,578
b
Average of monthly cash balances.......................
1b
2,138,392
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
87,318,970
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
87,318,970
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,309,785
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
86,009,185
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,300,459
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
4,300,459
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
91,299
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
91,299
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,209,160
4
Recoveries of amounts treated as qualifying distributions................
4
550,514
5
Add lines 3 and 4............................
5
4,759,674
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,759,674
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,206,000
b
Program-related investments—total from Part VIII-B..................
1b
4,745,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,951,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 4,759,674
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 4,664,026
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 7,951,000
a Applied to 2023, but not more than line 2a 4,664,026
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		Click to see attachment
List of Attached Documents:
// Content
101,721
d Applied to 2024 distributable amount..... 3,185,253
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 101,721
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		1,574,421
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		101,721
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ASOCIACION VENEZOLANA DE PROMOCION EDUCATIVA (APVE)

AVENIDA RAUL LEONI EDIFICIO CENTRO
UNIVERITARIO MONTEAVILA
CARACAS,CARACAS00000
VE 		NONE FC GRANT FOR AVPE FOR PRELATURE PRIESTS 412,000

ASOCIACION CULTURAL INTERNACIONAL AC

AV REVOLUCION 2042 PISO 5 LA OTRA
BANDA
MEXICO,MEXICO06600
MX 		NONE FC 2024 GRANT FOR MONTEFALCO SCHOOL 120,000

DIOCESE OF HELSINKI

REHBINDERINTIE 21
HELSINKI,HELSINKI00150
FI 		NONE FC GRANT FOR REPAIRS AND RENOVATION OF BUILDING 210,560

CARIBBEAN EDUCATIONAL ASSOCIATION (CEA)

PO BOX 1011
PORT OF SPAIN,PORT OF SPAIN00000
TD 		NONE FC GRANT FOR BRIAR HOUSE STUDY CENTER 64,000

THE WITHERSPOON INSTITUTE

16 STOCKTON STREET
PRINCETON,NJ08540 		NONE PC GRANT FOR 2024 SUMMER SEMINARS 25,000

YOUTH SERVICE INTERNATIONAL INC

5815 NORTH CICERO AVE
CHICAGO,IL60646 		NONE PC 2024 GRANT FOR SUMMER SERVICE PROJECTS 20,000

PONTIFICA UNIVERSITA DELLA SANTA CROCE (PUSC)

PIAZZA DI SANT APPOLONARE 49
ROME,ROME00186
IT 		NONE PC GRANT FOR OPERATING EXPENSES 2023-24 ACADEMIC YEAR 2,000,000

UNIVERSITY OF PIURA

CALLE MARTIR OLAYA 162
MIRAFLORES,LIMA00000
PE 		NONE PC GRANT FOR ESTEBAN CAMPODONICO AWARD (2023 & 2024) 178,102
Total .................................right arrow 3a 3,029,662
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 272,043  
4 Dividends and interest from securities ....     14 1,324,456  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 251,237  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 5,315,519  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 7,163,255 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,163,255
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
7 INTEREST FROM LOW INTEREST LOANS TO QUALIFYING CHARITABLE RECIPIENTS
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
Yes
 
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
Yes
 
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
1a(1) 120,000 ASOCIACION CULTURAL INTERNACIONAL GRANT
1a(1) 412,000 ASOCIACION VENEZOLANA DE PROMOCION EDUCATIVA (APVE) GRANT
1a(1) 210,560 DIOCESE OF HELSINKI GRANT
1a(1) 64,000 CARIBBEAN EDUCATIONAL ASSOCIATION (CEA) GRANT
1b(1) 8,896,551 COMPANIA OPERADORA DE INVERSIONES MERCANTILES SA DE CV BARE TITLE PROPERTY SALE
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
CLOVER FOUNDATION
 
Employer identification number

74-2390003
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
CLOVER FOUNDATION
  		Employer identification number
74-2390003
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
BERNARD J LAURENS
1810 OLD RESTON AVE
 
RESTON, VA20190

$ 300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
RICARDO MANUEL GOMEZ
CLARO VILLA FONTANA 200 MTS SR 200
 
  , MANAGUA   NU

$ 90,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
CAMPODONICO FOUNDATION CO ARDEN TRUST
 
2711 CENTREVILLE RD STE 200
 
WILMINGTON, DE19808

$ 92,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
CLOVER FOUNDATION
  		Employer identification number

74-2390003
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
CLOVER FOUNDATION
  		Employer identification number

74-2390003
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT AND TAX FEES 18,158 9,079 0 9,079

TY 2024 AppliedToPriorYearElection
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Election:
PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THEABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEARQUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAXYEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTEDINCOME FROM THE TAX YEAR ENDING 2023 IN THE AMOUNT OF$4,664,026.

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING 2010-05-28 12,854,529 5,820,241 SL 30.000000000000 428,484 0 0  
LAND 2010-05-28 12,912,000   L   0 0 0  

TY 2024 DistributionFromCorpusElection
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Election:
PURSUANT TO REG. 53.4942(A)-3(C)(2)(IV), THIS FOUNDATION ELECTS TO TREAT AS A CORPUS DISTRIBUTION, THE FOLLOWING UNUSED PRIOR TAX YEAR'S DISTRIBUTION THAT WAS TREATED AS A CORPUS DISTRIBUTION UNDER REG 53.4942(A)-3(D)(1)(III) IN THE AMOUNT OF $101,721 FOR THE 2023 TAX YEAR.

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TY 2024 ExpenditureResponsibilityStmt
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
UNIVERSITY OF PIURA
  		CALLE MARTIR OLAYA 162
MIRAFLORES,LIMA00000
PE 		2024-02-08 28,102 GRANT FOR 2023 CAMPODONICO AWARD REMAINING EXPENSES 28,102 NONE 01/27/2025 2024-12-31 EXPENDED
ASOCIACION VENEZOLANA DE PROMOCION EDUCATIVA
  		AVENIDA RAUL LEONI EDIFICO CENTRO
UNIVERSITARIO MONTEAVILA
CARACAS,CARACAS00000
VE 		2024-03-15 149,000 GRANT FOR AVPE FOR PRELATURE PRIESTS 149,000 NONE 10/21/2025 2024-12-31 EXPENDED
ASOCIACION VENEZOLANA DE PROMOCION EDUCATIVA
  		AVENIDA RAUL LEONI EDIFICO CENTRO
UNIVERSITARIO MONTEAVILA
CARACAS,CARACAS00000
VE 		2024-05-06 263,000 GRANT FOR AVPE FOR PRELATURE PRIESTS 263,000 NONE 10/21/2025 2024-12-31 EXPENDED
ASOCIACION CULTURAL INTERNACIONAL AC
  		AV REVOLUCION 2042 PISO 5
COL LA OTRA BANDA,MEXICO06600
MX 		2024-05-06 120,000 MAINTENANCE AND SCHOLARSHIPS MONTEFALCO SCHOOL 120,000 NONE 02/17/2025 2024-12-31 EXPENDED
DIOCESE OF HELSINKI
  		REHBINDERINTIE 21
HELSINKI,HELSINKI000000
FI 		2024-11-25 210,560 GRANT FOR REPAIRS AND RENOVATION OF BUILDING 0 NONE 10/27/2025 2024-12-31 PARTIALLY EXPENDED, AWAITING FINAL REPORT
CARIBBEAN EDUCATION ASSOCIATION (CEA)
  		PO BOX 1011
PORT OF SPAIN,PORT OF SPAIN00000
TD 		2023-12-05 64,000 GRANT FOR BRIAR HOUSE STUDY CENTRE 64,000 NONE 01/16/2025 2024-12-31 EXPENDED
UNIVERSITY OF PIURA
  		CALLE MARTIR OLAYA 162
MIRAFLORES,LIMA00000
PE 		2023-12-07 110,000 GRANT FOR 2024 ESTEBAN CAMPODONICO AWARD PROGRAM 110,000 NONE 01/27/2025 2024-12-31 EXPENDED
UNIVERSITY OF PIURA
  		CALLE MARTIR OLAYA 162
MIRAFLORES,LIMA00000
PE 		2023-12-07 40,000 GRANT FOR COMMEMORATIVE PUBLICATION OF 30TH YEAR OF ESTEBAN CAMPODONICO AWARD 40,000 NONE 01/27/2025 2024-12-31 EXPENDED
PRELATURA DELLA SANTA CROCE E OPUS DEI
  		VIALE BRUNO BOUZZI 73
ROME,ROME00197
IT 		2022-12-16 3,079,099 VILLA FONTANA PROJECT 0 NONE PENDING 2024-12-31 PENDING
PRELATURA DELLA SANTA CROCE E OPUS DEI
  		VIALE BRUNO BOUZZI 73
ROME,ROME00197
IT 		2021-12-20 2,312,220 VILLA FONTANA PROJECT 0 NONE PENDING 2024-12-31 PENDING
COLLEGIO UNIVERSITARIO INTERNAZIONALE DI ROMA (CUIR)
  		VIA ANICIA N 13
ROME,ROME00153
IT 		2021-05-27 611,335 GRANT FOR EXPANSION OF COLLEGIO SEDE SAPIENTIAE PART 2 0 NONE PENDING 2024-12-31 PENDING
COLLEGIO UNIVERSITARIO INTERNAZIONALE DI ROMA (CUIR)
  		VIA ANICIA N 13
ROME,ROME00153
IT 		2020-12-17 614,715 GRANT FOR EXPANSION OF COLLEGIO SEDE SAPIENTIAE PART 1 0 NONE PENDING 2024-12-31 PENDING

TY 2024 InvestmentsCorpBondsSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Name of Bond End of Year Book Value End of Year Fair Market Value
CITI PRIVATE BANK UMBRELLA PORTFOLIO 14,718,454 14,718,454

TY 2024 InvestmentsCorpStockSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Name of Stock End of Year Book Value End of Year Fair Market Value
CITI PRIVATE BANK UMBRELLA PORTFOLIO 55,235,506 55,235,506

TY 2024 InvestmentsOtherSchedule2
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
601 WEST ONSHORE FEEDER FUND AT COST 841,271 841,271
AREOF III OFFSHORE FEEDER FUND AT COST 437,374 437,374
BTO II OFFSHORE FEEDER FUND AT COST 305,595 305,595
CTP OFFSHORE FEEDER FUND L.P. AT COST 72,221 72,221
CVC EUROPN PRIM LENDING FUND AT COST 18,236 18,236
C VIII REAL ESTATE OPP ONSHORE A AT COST 1,696 1,696
DGP OWNERSHIP OFFSHR FEEDER LP AT COST 982,235 982,235
EUROPEAN SPEC SITS FUND AT COST 444,780 444,780
HEDGEFORUM PORTFOLIOS LLC - HF AT COST 13,212,410 13,212,410
HF MILLENIUM LTD CI A CTP AT COST 916,286 916,286
HF RENAISSANCE LTD AT COST 724,920 724,920
HH PRE-IPO OFFSHORE FUND II AT COST 220,718 220,718
W ST DF ONSHORE FEEDER FUND LP AT COST 7,724 7,724
WELLINGTON HH PRE-IPO OFFSHORE AT COST 115,949 115,949

TY 2024 LandEtcSchedule2
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 12,854,529 6,248,725 6,605,804  
LAND 12,912,000 0 12,912,000  


TY 2024 LegalFeesSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 51,929 0 0 51,929


TY 2024 OtherAssetsSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM LOANS RECEIVABLE 14,804,950 18,315,239 18,315,239
ACCRUED INVESTMENT INCOME 148,962 142,460 142,460
INVESTMENT TAX RECEIVABLE 0 20,430 20,430


TY 2024 OtherDecreasesSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Description Amount
JOURNAL ENTRY ADJUSTMENT 19,812


TY 2024 OtherExpensesSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REGULATORY COMPLIANCE 1,629 0 0 1,629
INFORMATION TECHNOLOGY 90 0 0 90
OFFICE EXPENSES 3,496 420 0 3,076


TY 2024 OtherIncomeSchedule2
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
W ST DF ONSHORE FEEDER FUND LP -1,967 -1,967  
BTO II OFFSHORE FEEDER FUND -19,290 -19,290  
EUROPEAN PRIMARY LENDING OP -605 -605  
EUROPEAN SPEC SITS FUND -37,209 -37,209  
HH PRE-IPO OFFSHORE FUND II -2,452 -2,452  
DGP OWNERSHIP OFFSHR FEEDER LP 99,750 99,750  
WELLINGTON HH PRE-IPO OFFSHORE -536 -536  
601 WEST OFFSHORE 57,446 57,446  
AREOF III OFFSHORE FEEDER FUND 31,829 31,829  
C VIII REAL ESTATE OPP -3,490 -3,490  
CLASS ACTION SETTLEMENT 531 531  
CURRENCY GAINS -6,855 -6,855  
PROGRAM LOAN INTEREST 134,085 134,085  


TY 2024 OtherIncreasesSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Description Amount
UNREALIZED GAIN ON INVESTMENTS 4,999,903
PARTNERSHIP INCOME ADJUSTMENT 898,026


TY 2024 OtherProfessionalFeesSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 452,817 452,817 0 0


TY 2024 TaxesSchedule
Name:
CLOVER FOUNDATION
EIN:
74-2390003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 31,474 31,474 0 0
FEDERAL TAX PAYMENT 71,172 71,172 0 0
PAYROLL TAXES 7,915 1,872 0 6,043