Drake Family Foundation
Drake Family Foundation is a private foundation, based in Williamsburg, VA. IRS filing data is available for 2021. In 2021, it awarded 2 grants totaling $608K. Net investment income was $51K.
Drake Family Foundation at a glance
In short: Drake Family Foundation gave $608K across 2 grants in 2021 (avg $304K), mostly in Virginia. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $607,984
- Grants made (2021)
- 2
- Average grant
- $303,992
- Median grant
- $303,992
- Primary geography
- Virginia (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Drake Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2021
The largest 2021 recipient was Williamsburg Community Foundation ($583K). Together the top 2 received $608K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 2 grants totaling $608K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Williamsburg Community Foundation Williamsburg, VA | Contribute to the mission of enhancing the quality of life in the greater williamsburg area | $582,984 |
| Colonial Williamsburg Foundation Williamsburg, VA | Contribute to the mission of helping the "future learn from the past" | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Revenue | Expenses | Grants paid | Grants | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2021 | $191,365 | $607,984 | $607,984 | 2 | $51,365 | $16,319 |
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.
Leadership & Key People
Officers and directors from IRS filings
Drake Family Foundation's 2021 filing lists 2 officers; none of the 2 officers listed in 2021 report compensation.
Officers on the 2021 filing
James E. Drake
Trustee
New on the 2021 filing
2 hrs/week
No compensation reported
Nikki A. Drake
Trustee
New on the 2021 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021. "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 Drake Family Foundation
How much does Drake Family Foundation give each year?
Drake Family Foundation gave $608K across 2 grants in 2021, according to its 2021 IRS Form 990-PF.
Where does Drake Family Foundation operate?
Drake Family Foundation has awarded grants in Virginia.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal year 2021
Live grants for the work Drake Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Drake Family Foundation's focus areas in our free grants database
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