The Illinois State Capitol

Form 990-PFTax year 2020EIN 20-5258907

Clearing Corporation Charitable Foundation

A private foundation in Hinsdale, IL. Its return for tax year 2020 lists 17 grants and $6.2 million paid in grants.

Tax year 2020 (period ending Dec 31, 2020), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

3 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2020

    $6,201,310

    Grants listed
    17
    Assets, end of year
    $0
  • Tax year 2019

    $606,160

    Grants listed
    10
    Assets, end of year
    $6,814,286
  • Tax year 2018

    $2,525,000

    Grants listed
    7
    Assets, end of year
    $7,290,023

Grants paid in 2020

17 grants, largest first

As listed on the return.

  1. The Clearing Corporation Charitable FundHindsale, IL

    For furthur charitable purpose

    $2,352,650
  2. Dawley Charitable FundGoldsboro, NC

    To further the mission of the donee

    $1,552,500
  3. Make-A-Wish Foundation of AmericaPhoenix, AZ

    To further the mission of the donee

    $350,000
  4. Mount Sinai Health SystemNew York, NY

    To further the mission of the donee

    $350,000
  5. Scholarship AmericaMinneapolis, MN

    For furthur charitable purpose

    $350,000
  6. Healey Center for ALSBoston, MA

    To further the mission of the donee

    $250,000
  7. Doctors Without BordersNew York, NY

    To further the mission of the donee

    $197,500
  8. Rutgers University FoundationNew Brunswick, NJ

    For furthur charitable purpose

    $155,000
  9. The Filler Family Charitable Giving AccountHindsale, IL

    For furthur charitable purpose

    $152,500
  10. Western Dupage Special Recreation Association FoundationCarol Stream, IL

    For furthur charitable purpose

    $107,500
  11. Purdue FoundationGoshen, IN

    To further the mission of the donee

    $100,000
  12. Sussex County Agricultural SocietyAugusta, NJ

    For furthur charitable purpose

    $100,000
  13. Union League Boys and Girls ClubChicago, IL

    For furthur charitable purpose

    $80,000
  14. Roosevelt University for the HCB Deans Fund for ExcellenceChicago, IL

    To further the mission of the donee

    $37,500
  15. Pathway to Adventure CouncilChicago, IL

    To further the mission of the donee

    $35,000
  16. Greater Chicago FoodChicago, IL

    To further the mission of the donee

    $21,160
  17. A Leg to Stand onNew York, NY

    To further the mission of the donee

    $10,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education2 grants $505,00043% of the total
  2. Human services1 grant $350,00030% of the total
  3. International aid1 grant $197,50017% of the total
  4. Sports and recreation1 grant $107,5009% of the total
  5. Youth development1 grant $10,000<1% of the total

By State

Grants to organizations with a US address, latest year.

  1. Illinois7 grants $2,786,310
  2. North Carolina1 grant $1,552,500
  3. New York3 grants $557,500
  4. Arizona1 grant $350,000
  5. Minnesota1 grant $350,000
  6. New Jersey2 grants $255,000
  7. Massachusetts1 grant $250,000
  8. Indiana1 grant $100,000

Officers, directors and trustees

9 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Kevin R McClearADMINISTRATIVE DIRECTOR Hours 10Pay $0
  • Gerald F CorcoranDIRECTOR Hours 0Pay $0
  • Michael C DawleyDIRECTOR Hours 0Pay $0
  • Ronald FillerDIRECTOR Hours 0Pay $0
  • David JohnsonDIRECTOR Hours 0Pay $0
  • Wendell A KapustiakDIRECTOR Hours 0Pay $0
  • James G McCormickDIRECTOR Hours 0Pay $0
  • Ira PolkDIRECTOR Hours 0Pay $0
  • Peter ReitzDIRECTOR Hours 0Pay $0

The return

More foundations

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Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

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  3. Cme Group FoundationChicago, IL 148 grants Preselected only $6,739,500 giving
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