Carneal Drew Foundation

RICHMOND, VA EIN: 54-6051095

The Carneal Drew Foundation is a private foundation based in Richmond, Virginia, established in 1964. The foundation operates with no employees and maintains a focus on philanthropic grantmaking across multiple funding categories.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$535K

-2.2% YoY

Annual Giving

$66K

+9.1% YoY

Grant Count

-3.8% YoY

Avg Grant Size

$1K

+13.4% YoY

Under IRS private-foundation payout rules, Carneal Drew Foundation reported a distributable amount of $65K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation primarily funds through various designated funds including:

Operating fund
General fund
Scholarship fund
Discretionary fund
Alma Hunt fund

Primary funding areas include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with geographic focus extending to Virginia, the District of Columbia, and New York.

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation funds organizations in Virginia, the District of Columbia, and New York.

Grant Distribution by State

Virginia $262K (87%)

District of Columbia $12K (4%)

New York $8K (3%)

Georgia $5K (2%)

Utah $5K (1%)

Arizona $4K (1%)

Maryland $4K (1%)

Pennsylvania $1K (0%)

+1 more states

States

Arizona District of Columbia Georgia Maryland New York Pennsylvania Tennessee Utah Virginia

Cities

ArlingtonAshlandAtlantaBaltimoreBig IslandBlacksburgCedar CityCharlottevilleChristiansburgDeltavilleDublinFairfaxGainesvilleGlen AllenHampdensydneyHenricoHopewellIrvingtonKilmarnockLexington

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending September 2024:

Total assets: $547,468
Total revenues: $35,648
Total expenses: $68,042
Investment income and dividends: $28,402
Number of employees: 0

Prior Year (FYE September 2023):

Investment income and dividends: $28,768

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$535,203	$547,468	$579,862
Revenue	$61,915	$35,648	$37,058
Expenses	$74,180	$68,042	$62,965
Qualifying Distributions	$66,000	$60,500	$56,500
Net Investment Income	$54,132	$28,539	$31,131
Distributable Amount	$65,208	$60,419	$56,578

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Grant Size Distribution

239 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Second Baptist Church ($13,000), Tunnel to Towers Foundation ($4,000), Turning Point Usa ($4,000).

Recipient	Purpose	Amount
CHESAPEAKE ACADEMY IRVINGTON, VA	SCHOLARSHIP FUND	$1,000
SECOND BAPTIST CHURCH RICHMOND, VA	DISCRETIONARY FUND	$13,000
CARMEL BAPTIST CHURCH RUTHER GLEN, VA	OPERATING FUND	$1,000
NEW DUBLIN PRES CHURCH DUBLIN, VA	OPERATING FUND	$1,000
WILLIAM MARY LAW SCHOOL WILLIAMSBURG, VA	SCHOLARSHIP FUND.	$1,000
VIRGINIA PUBLIC ACCESS PROJECT RICHMOND, VA	OPERATING FUND	$2,000
RANDOLPH MACON COLLEGE FOUNDATION ASHLAND, VA	OPERATING FUND	$1,000
TUCKAHOE RESCUE SQUAD RICHMOND, VA	OPERATING FUND	$500
HUNTERS FOR THE HUNGRY BIG ISLAND, VA	OPERATING FUND	$500
LOWER MIDDLESEX VOLUNTEER FIRE DEPT DELTAVILLE, VA	OPERATING FUND	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
WILLIAM L GRAHAM	Secretary	1	—
MEADE A SPOTTS	President	1	—
COURTLAND SPOTTS IV	VP/TREASURER	1	—

Frequently Asked Questions

What does Carneal Drew Foundation fund?

The foundation primarily funds through various designated funds including: • Operating fund • General fund • Scholarship fund • Discretionary fund • Alma Hunt fund Primary funding areas include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with geographic focus extending to Virginia, the District of Columbia, and New York.

How do I apply for a grant from Carneal Drew Foundation?

**Grant Activity (2024)** • Made 47 grants in the most recent fiscal year • Total giving: $60,500 • Typical award range: $250–$13,000 **Recent Grants (2024)** • Second Baptist Church of Richmond: $12,000 (Discretionary Fund) • Stephen Siller Tunnel To Towers Foundation: $4,000 (General Fund) • William and Mary Law School Association: $3,000 (Scholarship Fund) • RVA Sports Foundation: $500 (General Fund)

Where does Carneal Drew Foundation make grants?

The foundation funds organizations in Virginia, the District of Columbia, and New York.

What size grants does Carneal Drew Foundation award?

In 2025, Carneal Drew Foundation awarded 51 grants totaling $66K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Carneal Drew Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Carneal Drew Foundation reported a distributable amount of $65K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.