Carneal Drew Foundation
Carneal Drew Foundation is a private foundation based in Richmond, Virginia. In 2025, it made 51 grants totaling $66,000, with recipients including churches, educational organizations, civic and public-information groups, and other charitable organizations.
Carneal Drew Foundation at a glance
In short: Carneal Drew Foundation gave $66K across 51 grants in 2025 (avg $1K), mostly in Virginia. 20% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $66,000
- +9.1% vs 2024
- Grants made (2025)
- 51
- -3.8% vs 2024
- Average grant
- $1,294
- +13.4% vs 2024
- Median grant
- $1,000
- Total assets
- $535,203
- -2.2% vs 2024
- New grantees (estimate)
- 20% first-time grantees (10 of 51, 2025)
- Primary geography
- Virginia (86% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Carneal Drew Foundation
- How to Apply
-
The filing lists Meade Spotts as the contact and says to submit a written request with a letter or brochure outlining activities. It states that there are no restrictions on awards.
- Contact
Application contact: Meade Spotts
Mailing address: 6061 River Road, Richmond, VA 23226
Phone: (804) 697-2080
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Carneal Drew Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Second Baptist Church ($13K). Together the top 10 received $33K.
Organizations only. It also paid 1 individual scholarship ($1,000), which are not listed by name.
Grant Size Distribution
243 grants across all recorded years
The most common grant size was under $50K: 243 grants of 243 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 86% of grant dollars went to recipients in Virginia. The remaining shares went to New York (6%), Arizona (6%), the District of Columbia (1%), and Georgia (1%).
Grant Distribution by State
Share of 2025 grant dollars across all 51 itemized grants.
Cities
Is Carneal Drew Foundation open to new grantees?
20%
first-time grantees, 2025
In 2025, 10 of 51 grantees (20%) were first-time recipients. First grants averaged $1K; repeat grants $1K. How we count
Medians: $1K first-time, $1K repeat.
- 76% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $58K (2023) to $66K (2025). In 2025 it made 51 grants totaling $66K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Second Baptist Church Richmond, VA | Discretionary Fund | $13,000 |
| Tunnel to Towers Foundation Staten Island, NY | General Fund | $4,000 |
| Turning Point USA Phoeniz, AZ | General Fund | $4,000 |
| Virginia Public Access Project Richmond, VA | Operating Fund | $2,000 |
| McShin Foundation Richmond, VA | Operating Fund | $2,000 |
| Feedmore Richmond, VA | Operating Fund | $2,000 |
| Virginia War Memorial Educ Foundati Richmond, VA | Operating Fund | $2,000 |
| Cadet Foundation Yorktown, VA | General Fund | $2,000 |
| Chesapeake Academy Irvington, VA | Scholarship Fund | $1,000 |
| Carmel Baptist Church Ruther Glen, VA | Operating Fund | $1,000 |
Ready to take the next step with Carneal Drew Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $535,203 | $61,915 | $74,180 | $66,000 | 51 | $66,000 | $54,132 | $65,208 |
| 2024 | $547,468 | $35,648 | $68,042 | $60,500 | 53 | $60,500 | $28,539 | $60,419 |
| 2023 | $579,862 | $37,058 | $62,965 | $57,500 | 48 | $56,500 | $31,131 | $56,578 |
| 2022 | $605,769 | $43,939 | $64,071 | $59,750 | 46 | $57,750 | $37,309 | $60,676 |
| 2021 | $625,901 | $57,748 | $68,349 | $61,000 | 45 | — | $48,735 | $57,535 |
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 September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants show support for organizations with varied purposes. For example, the Virginia Public Access Project describes its mission as making information about Virginia state and local politics and government accessible and free of partisan bias. Chesapeake Academy says it aims to inspire students’ curiosity, creativity, excellence, and integrity. The James River Association describes itself as a guardian of the James River that promotes conservation and responsible stewardship.
Other 2025 grantees include Friends of Hollywood Cemetery, which says it works to maintain, renovate, and preserve the cemetery’s historic sections, and the Virginia Sheriffs’ Institute, which says it provides training and education to promote law enforcement and the suppression of crime.
Grantmaking
In 2025, the foundation awarded 51 grants totaling $66,000. Awards ranged from $500 to $13,000, with a median grant of $1,000.
The largest 2025 grant was $13,000 to Second Baptist Church for its discretionary fund. Other notable grants included $4,000 each to Tunnel to Towers Foundation and Turning Point USA; $2,000 each to Virginia Public Access Project, McShin Foundation, FeedMore, Virginia War Memorial Educational Foundation, and Cadet Foundation; and $1,000 to Chesapeake Academy for its scholarship fund. The Virginia Public Access Project received $2,000 for its operating fund. The grantee describes its mission as making information about Virginia politics and government accessible to the public without partisan bias.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Meade A Spotts as president, Courtland Spotts IV as vice president/treasurer, and William L Graham as secretary.
Carneal Drew Foundation is led by Meade A. Spotts, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Meade A. Spotts
President
On filings since 2021
1 hr/week
No compensation reported
Courtland Spotts IV
Vice President & Treasurer
On filings since 2021
1 hr/week
No compensation reported
William L. Graham
Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Carneal Drew Foundation
How much does Carneal Drew Foundation give each year?
Carneal Drew Foundation gave $66K across 51 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $61K across 53 grants.
What is Carneal Drew Foundation's typical grant size?
Carneal Drew Foundation's median grant in 2025 was $1,000, and its average grant was $1,294, across 51 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Carneal Drew Foundation that year got $1K on average.
Where does Carneal Drew Foundation give grants?
Carneal Drew Foundation gives mostly in Virginia: 86% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (6%) and Arizona (6%). The most frequent recipient cities were Richmond, VA (22 grants), Lexington, VA (3 grants) and Yorktown, VA (2 grants).
Does Carneal Drew Foundation give general operating support?
Yes: 92% of Carneal Drew Foundation's 2025 grants with a stated purpose (47 of 51) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarship Fund" (3 grants).
Who are Carneal Drew Foundation's largest grantees?
Carneal Drew Foundation's largest 2025 grantees include Second Baptist Church ($13,000), Tunnel to Towers Foundation ($4,000) and Turning Point USA ($4,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($1,000), which are not listed by name. Together they received 32% of its itemized 2025 grant dollars.
How large is Carneal Drew Foundation?
Carneal Drew Foundation reported $535K in total assets on its 2025 IRS Form 990-PF. It paid out $66K in qualifying distributions that year, against a required minimum of $65K (roughly 5% of its investment assets).
What does Carneal Drew Foundation fund?
No mission statement for the foundation is provided. Its grants show support for organizations with varied purposes. See mission & focus areas ↑
How do I apply for a grant from Carneal Drew Foundation?
The filing lists Meade Spotts as the contact and says to submit a written request with a letter or brochure outlining activities. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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Cite this profile
Grantable. (2026). Carneal Drew Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/carneal-drew-foundation-morg_66acc06b49d745c089668f5a3bac6a79
BibTeX
@misc{grantable_546051095_2026,
author = {{Grantable}},
title = {{Carneal Drew Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/carneal-drew-foundation-morg_66acc06b49d745c089668f5a3bac6a79},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Carneal Drew Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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