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Clay Fellowship Charitable Tr

Tax-deductible

Boston, MA501(c)(3)Foundations & Grantmakers EIN 04-3560268Revenue $1.1M in FY2024Latest return filed Sep 17, 2025

On file with the IRSBoston, MATax-exempt since Mar 2002Supporting organization — 509(a)(3)

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The sole activity of the trust is to make contributions to the smithsonian astrophysical observatory of the smithsonian institution of washington, DC, a 501(c)(3) public charity.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3560268) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $59K a year · 15% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
0.4 mo
of spending, in cash
Plus $7.8M in investments, Pt X · Ln 11–13
0.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$1.1M
+111% vs prior year
Spent
$150K
To programs
0%
Net assets
$7.8M
By yearFY2019–FY2024
Revenue
$1.1M
FY2024▲ +111%
Tap a bar for its year
Revenue by fiscal year
FY2019$165K
FY2020−$657K
FY2021$416K
FY2022$770K
FY2023$510K
FY2024$1.1M
Expenses
$150K
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2019$403K
FY2020$353K
FY2021$396K
FY2022$506K
FY2023$119K
FY2024$150K
Net assets
$7.8M
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2019$6.4M
FY2020$5.1M
FY2021$5.4M
FY2022$6.0M
FY2023$6.6M
FY2024$7.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $150K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Clay Fellowship Charitable Tr executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Donates funds to the Smithsonian Astrophysical Observatory.

Questions for Clay Fellowship Charitable Tr

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Your first name shows with your question. Clay Fellowship Charitable Tr answers here, for everyone.

1 program · in their own filed words · FY2024
01

Fellowship distribution to the smithsonian astrophysical observatory of the smithsonian institute of washington, D.C. The funds contributed by the trust will support a post-doctoral Fellowship program in astrophysics. No funds have been paid in 2024 due to build up of unused previous contributions.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3560268) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $1.1M · 2019–2021
Smithsonian InstitutionDC · FY2021$367,114
Smithsonian InstitutionDC · FY2020$313,659
Smithsonian InstitutionDC · FY2019$396,910

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Other incomeLn 4–11$827K
Investment incomeLn 3$249K
Money outPt IX
$150K
Ln 25
Managementcol C$150K
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$7.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$249K
Other incomeLn 4–11$827K
Gains on assetsLn 7$803K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$7.8M
Total assetsLn 16$7.8M
LiabilitiesLn 26$0
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$13K$5K
InvestmentsLn 11–13$6.6M$7.8M
Total assetsLn 16$6.6M$7.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.6M$7.8M
Business incomeForm 990-T, Part I
LineFY24
Gross−$3K
Net−$3K
Tax$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$27K$27K
InterestLn 20$126$126
Other expenses (24a–d)Ln 24$116K$116K
Total functional expensesLn 25$150K$0$150K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 17, 2025 $1.1M$150K$926K$7.8M 990 PDF
FY2023Filed with the IRS Sep 25, 2024 $510K$119K$391K$6.6M 990 PDF
FY2022 $770K$506K$264K$6.0M 990 PDF
FY2021Filed with the IRS Oct 11, 2022 $416K$396K$20K$5.4M 990 PDF
FY2020Filed with the IRS Sep 15, 2021 −$657K$353K−$1.0M$5.1M 990 PDF
FY2019Filed with the IRS Jan 22, 2021 $165K$403K−$238K$6.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $1,075,796 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $525,426$1,051,574
I-11 Other revenuePrior year −$15,841$24,222
I-12 Total revenuePrior year $509,585$1,075,796
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $118,635$150,149
I-18 Total expensesPrior year $118,635$150,149
I-19 Revenue less expensesPrior year $390,950$925,647
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,075,796 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $249,062$249,062
VIII-7 Net gain or loss on sales of assetsExcluded from tax $802,512$802,512
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $24,222$24,222
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,075,796$1,075,796
Part IX · Statement of functional expenses $150,149 across 4 lines filed
IX-11c Accounting feesManagement $7,870$7,870
IX-11f Investment management feesManagement $26,546$26,546
IX-20 InterestManagement $126$126
IX-24 Other expenses (24a–d)Management $115,607$115,607
IX-25 Total functional expensesPrograms $0 · Management $150,149 · Fundraising $0$150,149
Part X · Balance sheet $7,794,437 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $13,233$5,375
X-11 Publicly traded securitiesStart of year $3,524,085$3,622,908
X-12 Other securitiesStart of year $3,039,047$4,166,154
X-16 Total assetsStart of year $6,576,365$7,794,437
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $6,576,365$7,794,437
X-32 Total net assets or fund balancesStart of year $6,576,365$7,794,437
X-33 Total liabilities and net assetsStart of year $6,576,365$7,794,437
Part XI · Reconciliation of net assets $7,794,437 net assets at year end
XI-1 Total revenue$1,075,796
XI-2 Total expenses$150,149
XI-3 Revenue less expenses$925,647
XI-4 Net assets at start of year$6,576,365
XI-5 Net unrealized gains (losses) on investments$267,932
XI-9 Other changes in net assets$24,493
XI-10 Net assets at end of year$7,794,437

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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