Douglas Drane Charitable Trust
Douglas Drane Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GLOUCESTER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 9 grants totaling $115K. Net investment income was $35K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-7.3% YoY
Annual Giving
$115K
-17.7% YoY
Grant Count
9
+80.0% YoY
Avg Grant Size
$13K
-54.3% YoY
Under IRS private-foundation payout rules, Douglas Drane Charitable Trust reported a distributable amount of $91K for 2024 — the minimum it must pay out in qualifying distributions.
About Douglas Drane Charitable Trust
Based on IRS filings
Douglas Drane Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GLOUCESTER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 9 grants totaling $115K. Net investment income was $35K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,088,744 | $1,174,347 | $1,282,773 |
| Revenue | $49,437 | $50,413 | $21,137 |
| Expenses | $135,040 | $158,839 | $115,623 |
| Qualifying Distributions | $115,200 | $140,000 | $96,000 |
| Net Investment Income | $34,873 | $35,360 | $24,193 |
| Distributable Amount | $91,299 | $87,389 | $91,159 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Association on Aging in New York ($25,200), Masssachusetts Wonderfund Inc ($20,000), Care Dimensions ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation for Art and Healing Brighton, MA | unrestricted charitable purposeunrestricted | $10,000 |
| Coalition to Transform Advanced Care Washington, DC | unrestricted | $10,000 |
| Boston Medical Center Boston, MA | unrestricted | $5,000 |
| Masssachusetts Wonderfund Inc Boston, MA | unrestricted | $20,000 |
| Childrens Hospital Boston Boston, MA | unrestricted | $10,000 |
| Association on Aging in New York Albany, NY | unrestricted | $25,200 |
| I AM ALS Washington, DC | unrestricted | $10,000 |
| Care Dimensions Danvers, MA | unrestricted | $15,000 |
| Essex North Shore Agricultural & Technical School Hawthorne, MA | unrestricted | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Douglas Drane | Trustee | 0.5 | — |
| Alexandra M Drane | Trustee | 0.5 | — |
| Randell B Drane | Trustee | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Douglas Drane Charitable Trust?
Douglas Drane Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GLOUCESTER, MA. It holds $1.1M in total assets as of 2024.
How large is Douglas Drane Charitable Trust?
As of 2024, Douglas Drane Charitable Trust holds $1.1M in total assets with $49K in annual revenue. It awarded 9 grants totaling $115K in 2024.
Where does Douglas Drane Charitable Trust operate?
Douglas Drane Charitable Trust has awarded grants in District of Columbia, Massachusetts, New York, Texas, Virginia.
What size grants does Douglas Drane Charitable Trust award?
In 2024, Douglas Drane Charitable Trust awarded 9 grants totaling $115K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Douglas Drane Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Douglas Drane Charitable Trust reported a distributable amount of $91K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Douglas Drane Charitable Trust's EIN?
Douglas Drane Charitable Trust's EIN (Employer Identification Number) is 04-3371223. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Douglas Drane Charitable Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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