Drake Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLIAMSBURG, VA. IRS filing data is available for 2021. In 2021, it awarded 2 grants totaling $608K. Net investment income was $51K.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$608K
Grant Count
2
Avg Grant Size
$304K
Under IRS private-foundation payout rules, Drake Family Foundation reported a distributable amount of $16K for 2021 — the minimum it must pay out in qualifying distributions.
About Drake Family Foundation
Based on IRS filings
Drake Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLIAMSBURG, VA. IRS filing data is available for 2021. In 2021, it awarded 2 grants totaling $608K. Net investment income was $51K.
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 | 2021 |
|---|---|
| Total Assets | — |
| Revenue | $191,365 |
| Expenses | $607,984 |
| Qualifying Distributions | — |
| Net Investment Income | $51,365 |
| Distributable Amount | $16,319 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2021
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Williamsburg Community Foundation ($582,984), Colonial Williamsburg Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLONIAL WILLIAMSBURG FOUNDATION WILLIAMSBURG, VA | CONTRIBUTE TO THE MISSION OF HELPING THE "FUTURE LEARN FROM THE PAST" | $25,000 |
| WILLIAMSBURG COMMUNITY FOUNDATION WILLIAMSBURG, VA | CONTRIBUTE TO THE MISSION OF ENHANCING THE QUALITY OF LIFE IN THE GREATER WILLIAMSBURG AREA | $582,984 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES E DRAKE | TRUSTEE | 2 | — |
| NIKKI A DRAKE | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Drake Family Foundation?
Drake Family Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in WILLIAMSBURG, VA. It holds — in total assets as of 2021.
Where does Drake Family Foundation operate?
Drake Family Foundation has awarded grants in Virginia.
What size grants does Drake Family Foundation award?
In 2021, Drake Family Foundation awarded 2 grants totaling $608K — an average of about $304K per grant, based on its IRS Form 990 filings.
How much is Drake Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Drake Family Foundation reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Drake Family Foundation's EIN?
Drake Family Foundation's EIN (Employer Identification Number) is 20-3501275. IRS Form 990 filing data is available on this page for 2021.
Explore Open Grants
Browse active grant opportunities in Drake Family 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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