Douglas Drane Charitable Trust
GLOUCESTER, MA EIN: 04-3371223
Financial Overview
From 2024 IRS Form 990-PF
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
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| 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
No grants recorded for .
Who else does Douglas Drane Charitable Trust fund?
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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 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Massachusetts $426K (74%)
Texas $75K (13%)
District of Columbia $35K (6%)
New York $25K (4%)
Virginia $13K (2%)
Cities
AlbanyAmherstAringtonArlingtonAustinBostonBrightonBrooklineDanversHawthorneWashington
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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