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
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.
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
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.
What is Carneal Drew Foundation's EIN?
Carneal Drew Foundation's EIN (Employer Identification Number) is 54-6051095. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Carneal Drew Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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