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.
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
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 |
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 include Casady School Annual Fund ($10,000), Junior League of Okc ($10,000), Nichols Hills Parks Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMERS ASSOCIATION OKC CHAPTER TULSA, OK | GENERAL CONTRIBUTION | $1,000 |
| AMERICAN CANCER SOCIETY OKLAHOMA CITY, OK | GENERAL CONTRIBUTION | $1,000 |
| AMERICAN DIABETES ASSOCIATION ARLINGTON, VA | GENERAL CONTRIBUTION | $1,000 |
| BOYS AND GIRLS CLUB OF OK COUNTY OKLAHOMA CITY, OK | GENERAL CONTRIBUTION | $7,500 |
| CASADY SCHOOL ANNUAL FUND OKLAHOMA CITY, OK | GENERAL CONTRIBUTION | $10,000 |
| CENTRAL OK HABITAT FOR HUMANITY OKLAHOMA CITY, OK | GENERAL CONTRIBUTION | $1,000 |
| CHEROKEE STRIP REGIONAL HERITAGE CENTER ENID, OK | GENERAL CONTRIBUTION | $1,000 |
| FREE TO LIVE ANIMAL SANCTUARY EDMOND, OK | GENERAL CONTRIBUTION | $1,000 |
| INTEGRIS FOUNDATION OKLAHOMA CITY, OK | GENERAL CONTRIBUTION | $5,000 |
| JUNIOR LEAGUE OF OKC OKLAHOMA CITY, OK | GENERAL CONTRIBUTION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Drake Gungoll 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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