Drago's Foundation is a private foundation focused on Public Safety, Disaster Preparedness & Relief, based in METAIRIE, LA. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $49K in total assets. In 2022, it awarded 10 grants totaling $48K. Net investment income was $5.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$49K
-49.5% YoY
Annual Giving
$48K
-55.4% YoY
Grant Count
10
+233.3% YoY
Avg Grant Size
$5K
-86.6% YoY
Under IRS private-foundation payout rules, Drago's Foundation reported a distributable amount of $4K for 2022 — the minimum it must pay out in qualifying distributions.
About Drago's Foundation
Based on IRS filings
Drago's Foundation is a private foundation focused on Public Safety, Disaster Preparedness & Relief, based in METAIRIE, LA. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $49K in total assets. In 2022, it awarded 10 grants totaling $48K. Net investment income was $5.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $49,149 | $97,368 | $21,397 |
| Revenue | $205 | $184,400 | $25,855 |
| Expenses | $48,424 | $108,429 | $27,077 |
| Qualifying Distributions | $48,400 | $108,405 | — |
| Net Investment Income | $5 | $4 | $2 |
| Distributable Amount | $3,816 | $2,471 | $1,118 |
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 2022
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include Christian Brothers School ($20,000), Catholic Community Foundation ($10,000), Louisiana Hospitality Foundation ($5,400).
| Recipient | Purpose | Amount |
|---|---|---|
| AL COPELAND FOUDATION METAIRIE, LA | TO PROVIDE SUPPORT FOR CANCER RESEARCH. | $2,500 |
| CATHOLIC COMMUNITY FOUNDATION METAIRIE, LA | TO PROVIDE SUPPORT TO THE CATHOLIC COMMUNITY. | $10,000 |
| CHRISTIAN BROTHERS SCHOOL NEW ORLEANS, LA | TO HELP PROVIDE SUPPORT FOR STUDENTS WHOSE FAMILY CAN NOT AFFORD TUITION PAYMENTS. | $20,000 |
| LOUISIANA HOSPITALITY FOUNDATION NEW ORLEANS, LA | TO HELP PROVIDE SUPPORT IN ORDER TO STRENGTHEN LOUISIANA'S HOSPITALITY INDUSTRY THROUGH SUPPORT OF INDIVIDUAL WITHIN THE COMMUNITY. | $5,400 |
| OCHSNER CLINIC FOUNDATION JEFFERSON, LA | TO PROVIDE SUPPORT IN ORDER TO SECURE AND MANAGE PHILANTHROPIC RESOURCES TO SUPPORT THE MISSION TO SERVE, HEAL, LEAD, EDUCATE & INNOVATE. | $5,000 |
| ST CLAIRE CHURCH NEW ORLEANS, LA | TO HELP PROVIDE SUPPORT FOR THE ST. CLARE MONASTERY IN NEW ORLEANS, LA. | $3,000 |
| MYSTICK KREWE OF LOUISIANA MUSEUM BATON ROUGE, LA | TO PROVIDE SUPPORT TO UPHOLD ONE OF THE HERITAGES OF LOUISIANA. | $1,000 |
| HOLY CROSS HIGH SCHOOL NEW ORLEANS, LA | TO HELP PROVIDE SUPPORT FOR EDUCATION IN THE NEW ORLEANS AREA. | $500 |
| SECOND HARVEST NEW ORLEANS, LA | TO HELP PROVIDE SUPPORT FOR THE FIGHT AGAINST HUNGER IN SOUTH LOUISIANA. | $500 |
| REYNA VILLALOBOS METAIRIE, LA | TO HELP PROVIDE SUPPORT OF LOVED ONE. | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TOMMY CVITANOVICH | PRESIDENT & DIRECTOR | 3 | — |
| GERALD CVITANOVICH | VICE PRESIDENT | 1 | — |
| KLARA CVITANOVICH | SECRETARY/TREASURER | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Drago's Foundation?
Drago's Foundation is a private foundation focused on Public Safety, Disaster Preparedness & Relief, based in METAIRIE, LA. It holds $49K in total assets as of 2022.
How large is Drago's Foundation?
As of 2022, Drago's Foundation holds $49K in total assets with $205 in annual revenue. It awarded 10 grants totaling $48K in 2022.
Where does Drago's Foundation operate?
Drago's Foundation has awarded grants in Louisiana.
What size grants does Drago's Foundation award?
In 2022, Drago's Foundation awarded 10 grants totaling $48K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Drago's Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Drago's Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Drago's Foundation's EIN?
Drago's Foundation's EIN (Employer Identification Number) is 20-3471145. IRS Form 990 filing data is available on this page for 2020–2022.
Explore Open Grants
Browse active grant opportunities in Drago's Foundation'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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