Drakesmith Family Foundation Inc
Drakesmith Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONGWOOD, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $443K in total assets. In 2024, it awarded 10 grants totaling $30K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$443K
-5.2% YoY
Annual Giving
$30K
+15.4% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$3K
+15.4% YoY
Under IRS private-foundation payout rules, Drakesmith Family Foundation Inc reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
About Drakesmith Family Foundation Inc
Based on IRS filings
Drakesmith Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONGWOOD, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $443K in total assets. In 2024, it awarded 10 grants totaling $30K. Net investment income was $12K.
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 | $443,103 | $467,420 | $493,962 |
| Revenue | $17,195 | $8,353 | $-20,320 |
| Expenses | $40,119 | $32,608 | $36,861 |
| Qualifying Distributions | $31,943 | $26,801 | $29,370 |
| Net Investment Income | $11,939 | $12,903 | $8,759 |
| Distributable Amount | $40,314 | $34,055 | $35,756 |
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
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Samaritan's Purse ($8,000), Russell Home for Atypical Children Inc ($5,700), Salvation Army ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BROOKS REHABADAPTIVE SPORTS JACKSONVILLE, FL | SPORTS PROGRAMS FOR THE DISABLED | $1,000 |
| COLLEGE PARK ROTARY ORLANDO, FL | GENERAL OPERATING FUND | $2,500 |
| ONE PURSE ORLANDO, FL | TO EMPOWER WOMEN OVERCOMING ABUSE, ADDICTION, EXPLOITATION AND TRAFFICKING | $2,000 |
| RUSSELL HOME FOR ATYPICAL CHILDREN INC ORLANDO, FL | ASSIST BRAIN DAMAGED CHILDREN | $5,700 |
| SALVATION ARMY ALEXANDRIA, VA | GENERAL OPERATING FUND | $5,000 |
| PLAYERS PHILANTHROPY FUND TOWSON, MD | PROVIDES PRO ATHLETES, CELEBRITIES, AND PHILANTHROPISTS WITH VEHICLE FOR COLLECTING AND DISTRIBUTING CHARITABLE ASSETS | $800 |
| SAMARITAN'S PURSE BOONE, NC | PROVIDING SPIRITUAL AND PHYSICAL AID TO PEOPLE IN PHYSICAL NEED | $8,000 |
| GREATER ORLANDO CHILDREN'S MIRACLE NETWORK ORLANDO, FL | RAISE FUNDS AND AWARENESS FOR CHILDRENS' HOSPITAL | $2,000 |
| CHANDLER'S HOPE CLOTHES CLOSET INC FERNANDINA BEACH, FL | TO PROVIDE CLOTHING AND HOUSEHOLD ITEMS TO THOSE IN NEED | $1,000 |
| ORLANDO UNION RESCUE MISSION INC ORLANDO, FL | TO BRING THE HUNGRY, HURTING, AND HOMELESS TO A NEW LIFE | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN DRAKESMITH | DIRECTOR | 2 | — |
| AMY DRAKESMITH-MIMS | SECRETARY/DIRECTOR | 2 | — |
| STEVE DRAKESMITH | TREASURER/DIRECTOR | 2 | — |
| MARGARET DRAKESMITH | VICE PRESIDENT/DIRECTOR | 2 | — |
| JULIE DRAKESMITH-ALBACHIARO | PRESIDENT/DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Drakesmith Family Foundation Inc?
Drakesmith Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONGWOOD, FL. It holds $443K in total assets as of 2024.
How large is Drakesmith Family Foundation Inc?
As of 2024, Drakesmith Family Foundation Inc holds $443K in total assets with $17K in annual revenue. It awarded 10 grants totaling $30K in 2024.
Where does Drakesmith Family Foundation Inc operate?
Drakesmith Family Foundation Inc has awarded grants in California, District of Columbia, Florida, Maryland, Missouri, North Carolina, Texas, Virginia.
What size grants does Drakesmith Family Foundation Inc award?
In 2024, Drakesmith Family Foundation Inc awarded 10 grants totaling $30K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Drakesmith Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Drakesmith Family Foundation Inc reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Drakesmith Family Foundation Inc's EIN?
Drakesmith Family Foundation Inc's EIN (Employer Identification Number) is 20-0824690. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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