Carneal Drew Foundation
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
51
-3.8% YoY
Avg Grant Size
$1K
+13.4% YoY
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
Cities
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
| 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
No grants recorded for .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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