Drake Quinn Family Charitable Foundation

GRAND RAPIDS, MI EIN: 38-3068965

Drake Quinn Family Charitable Foundation is a private foundation, based in GRAND RAPIDS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $556K in total assets. In 2024, it awarded 6 grants totaling $204K. Net investment income was $168K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$556K

-6.9% YoY

Annual Giving

$204K

+48.1% YoY

Grant Count

-53.8% YoY

Avg Grant Size

$34K

+220.9% YoY

Under IRS private-foundation payout rules, Drake Quinn Family Charitable Foundation reported a distributable amount of $73K for 2024 — the minimum it must pay out in qualifying distributions.

About Drake Quinn Family Charitable Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $466K (100%)

Indiana $1K (0%)

States

Indiana Michigan

Cities

BaldwinBitelyBranchDyerGrand RapidsMount PleasantScottville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$556,440	$597,865	$622,044
Revenue	$189,503	$133,224	$10,705
Expenses	$226,634	$160,375	$47,950
Qualifying Distributions	$204,600	$137,475	$27,950
Net Investment Income	$167,803	$111,624	—
Distributable Amount	$72,643	$61,750	$67,022

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

51 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Lake County Historical Society ($170,000), Lake County Historical Museum ($20,000), Lake County Senior Services ($5,000).

Recipient	Purpose	Amount
BREAD OF LIFE BALDWIN, MI	GENERAL FUND	$4,000
LAKE COUNTY HISTORICAL MUSEUM BALDWIN, MI	VARIOUS	$20,000
LAKE COUNTY HISTORICAL SOCIETY BRANCH, MI	VARIOUS	$170,000
LAKE COUNTY SENIOR SERVICES BALDWIN, MI	BUILDING FUND	$5,000
SHRINE OF THE PINES BALDWIN, MI	VARIOUS	$3,600
ST ANNST IGNATIUS CATHOLIC CHURCH BALDWIN, MI	GENERAL FUND	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARILYN DRAKE	PRESIDENT	5	—
LEANN ROWLAND	SEC/TREAS	3	—
ROSEMARIE DRAKE	TRUSTEE	1	—
KATHLEEN BOLTHOUSE	TRUSTEE	1	—
JOHN DRAKE	VICE PRESIDENT	3	—

Frequently Asked Questions

How large is Drake Quinn Family Charitable Foundation?

As of 2024, Drake Quinn Family Charitable Foundation holds $556K in total assets with $190K in annual revenue. It awarded 6 grants totaling $204K in 2024.

Where does Drake Quinn Family Charitable Foundation operate?

Drake Quinn Family Charitable Foundation has awarded grants in Indiana, Michigan.

What size grants does Drake Quinn Family Charitable Foundation award?

In 2024, Drake Quinn Family Charitable Foundation awarded 6 grants totaling $204K — an average of about $34K per grant, based on its IRS Form 990 filings.

How much is Drake Quinn Family Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Drake Quinn Family Charitable Foundation reported a distributable amount of $73K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Drake Quinn Family Charitable Foundation's EIN?

Drake Quinn Family Charitable Foundation's EIN (Employer Identification Number) is 38-3068965. IRS Form 990 filing data is available on this page for 2020–2024.