Drake Ray & Ruth Schol Fund Oag #05-368 is a private foundation focused on Education, based in COLUMBUS, OH. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $279K in total assets. In 2024, it awarded 8 grants totaling $15K. Net investment income was $18K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$279K
+0.4% YoY
Annual Giving
$15K
+15.4% YoY
Grant Count
8
-20.0% YoY
Avg Grant Size
$2K
+44.2% YoY
Under IRS private-foundation payout rules, Drake Ray & Ruth Schol Fund Oag #05-368 reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About Drake Ray & Ruth Schol Fund Oag #05-368
Based on IRS filings
Drake Ray & Ruth Schol Fund Oag #05-368 is a private foundation focused on Education, based in COLUMBUS, OH. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $279K in total assets. In 2024, it awarded 8 grants totaling $15K. Net investment income was $18K.
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 |
|---|---|---|
| Total Assets | $279,038 | $277,846 |
| Revenue | $21,608 | $20,228 |
| Expenses | $22,966 | $21,083 |
| Qualifying Distributions | $19,603 | $17,580 |
| Net Investment Income | $18,338 | $17,421 |
| Distributable Amount | $20,444 | $18,284 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ohio State University ($4,500), Bowling Green State University ($3,500), Owens Community College ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OWENS COMMUNITY COLLEGE PERRYSBURG, OH | SCHOLARSHIPS | $2,000 |
| BOWLING GREEN STATE UNIVERSITY BOWLING GREEN, KY | SCHOLARSHIPS | $3,500 |
| OHIO STATE UNIVERSITY STEUBENVILLE, OH | SCHOLARSHIPS | $4,500 |
| BALDWIN WALLACE UNIVERSITY BEREA, OH | SCHOLARSHIPS | $1,000 |
| OHIO NORTHERN UNIVERSITY ADA, OH | SCHOLARSHIPS | $1,000 |
| SIENA HEIGHTS UNIVERSITY ADRIAN, MI | SCHOLARSHIPS | $1,000 |
| GRAND VALLEY STATE UNIVERSITY ALLENDALE, MI | SCHOLARSHIPS | $1,000 |
| UNIVERSITY OF KENTUCKY COLUMBUS, OH | SCHOLARSHIPS | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HUNTINGTON NATIONAL BANK | TRUSTEE | 1 | $5,705 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Drake Ray & Ruth Schol Fund Oag #05-368?
Drake Ray & Ruth Schol Fund Oag #05-368 is a private foundation focused on Education, based in COLUMBUS, OH. It holds $279K in total assets as of 2024.
How large is Drake Ray & Ruth Schol Fund Oag #05-368?
As of 2024, Drake Ray & Ruth Schol Fund Oag #05-368 holds $279K in total assets with $22K in annual revenue. It awarded 8 grants totaling $15K in 2024.
Where does Drake Ray & Ruth Schol Fund Oag #05-368 operate?
Drake Ray & Ruth Schol Fund Oag #05-368 has awarded grants in Iowa, Kentucky, Michigan, Ohio.
What size grants does Drake Ray & Ruth Schol Fund Oag #05-368 award?
In 2024, Drake Ray & Ruth Schol Fund Oag #05-368 awarded 8 grants totaling $15K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Drake Ray & Ruth Schol Fund Oag #05-368 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Drake Ray & Ruth Schol Fund Oag #05-368 reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Drake Ray & Ruth Schol Fund Oag #05-368's EIN?
Drake Ray & Ruth Schol Fund Oag #05-368's EIN (Employer Identification Number) is 90-0246585. IRS Form 990 filing data is available on this page for 2023–2024.
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Browse active grant opportunities in Drake Ray & Ruth Schol Fund Oag #05-368'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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