Drake Gungoll Foundation
Drake Gungoll Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Oklahoma City, OK. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 17 grants totaling $77K. Net investment income was $74K.
Key facts about Drake Gungoll Foundation
- EIN
- 26-0204830
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $76,500
- Grants made (2024)
- 17
- Average grant
- $4,500
- Median grant
- $1,000
- New grantees (estimate)
- 0% first-time grantees (0 of 17, 2024)
- Total assets
- $1,260,711
- Primary geography
- Oklahoma (99% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Drake Gungoll Foundation funds
By grant dollars, the top recipient states for Drake Gungoll Foundation's 17 itemized 2024 grants were Oklahoma (99%). The most frequent recipient cities were Oklahoma City, OK (12 grants). 100% of grants with a stated purpose were for general or operating support.
Is Drake Gungoll Foundation open to new grantees?
0%
first-time grantees, 2024
In 2024, 0 of 17 grantees (0%) were first-time recipients. How we count
- 100% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Drake Gungoll Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-1.2% YoY
Annual Giving
$77K
+0.0% YoY
Grant Count
17
+0.0% YoY
Avg Grant Size
$5K
+0.0% YoY
Under IRS private-foundation payout rules, Drake Gungoll Foundation reported a distributable amount of $81K for 2024 — the minimum it must pay out in qualifying distributions.
About Drake Gungoll Foundation
Based on IRS filings
Drake Gungoll Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Oklahoma City, OK. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 17 grants totaling $77K. Net investment income was $74K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 17 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,260,711 | $1,276,064 | $1,307,410 |
| Revenue | $73,881 | $55,533 | $24,663 |
| Expenses | $89,234 | $86,879 | $92,187 |
| Qualifying Distributions | $76,500 | $76,500 | $81,876 |
| Net Investment Income | $73,881 | $45,154 | $37,004 |
| Distributable Amount | $80,892 | $72,832 | $76,764 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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 2024
Grant Size Distribution
68 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Casady School Annual Fund ($10,000), Junior League of Okc ($10,000), Nichols Hills Parks Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CASADY SCHOOL ANNUAL FUND Oklahoma City, OK | GENERAL CONTRIBUTION | $10,000 |
| JUNIOR LEAGUE OF OKC Oklahoma City, OK | GENERAL CONTRIBUTION | $10,000 |
| NICHOLS HILLS PARKS INC Nichols Hills, OK | GENERAL CONTRIBUTION | $10,000 |
| OKC MUSEUM OF ART Oklahoma City, OK | GENERAL CONTRIBUTION | $10,000 |
| WESTMINISTER PRESBYTERIAN CHURCH Oklahoma City, OK | GENERAL CONTRIBUTION | $10,000 |
| BOYS AND GIRLS CLUB OF OK COUNTY Oklahoma City, OK | GENERAL CONTRIBUTION | $7,500 |
| INTEGRIS FOUNDATION Oklahoma City, OK | GENERAL CONTRIBUTION | $5,000 |
| OKLAHOMA MEDICAL RESEARCH FOUNDATION Oklahoma City, OK | GENERAL CONTRIBUTION | $5,000 |
| ALZHEIMERS ASSOCIATION OKC CHAPTER Tulsa, OK | GENERAL CONTRIBUTION | $1,000 |
| AMERICAN CANCER SOCIETY Oklahoma City, OK | GENERAL CONTRIBUTION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ramsey W Drake II | President | — | — |
| Rachael Weber | Treasurer | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Drake Gungoll Foundation?
Drake Gungoll Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Oklahoma City, OK. It holds $1.3M in total assets as of 2024.
How large is Drake Gungoll Foundation?
As of 2024, Drake Gungoll Foundation holds $1.3M in total assets with $74K in annual revenue. It awarded 17 grants totaling $77K in 2024.
Where does Drake Gungoll Foundation operate?
Drake Gungoll Foundation has awarded grants in Oklahoma, Virginia.
What size grants does Drake Gungoll Foundation award?
In 2024, Drake Gungoll Foundation awarded 17 grants totaling $77K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Drake Gungoll Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Drake Gungoll Foundation reported a distributable amount of $81K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Drake Gungoll Foundation's EIN?
Drake Gungoll Foundation's EIN (Employer Identification Number) is 26-0204830. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.