Drees Homes Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FT MITCHELL, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16.2M in total assets. In 2024, it awarded 14 grants totaling $2.3M. Net investment income was $430K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.2M
+3.9% YoY
Annual Giving
$2.3M
+176.2% YoY
Grant Count
14
+27.3% YoY
Avg Grant Size
$166K
+117.0% YoY
Under IRS private-foundation payout rules, Drees Homes Foundation Inc reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
About Drees Homes Foundation Inc
Based on IRS filings
Drees Homes Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FT MITCHELL, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16.2M in total assets. In 2024, it awarded 14 grants totaling $2.3M. Net investment income was $430K.
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 | $16,222,973 | $15,614,867 | $13,816,919 |
| Revenue | $3,019,134 | $2,737,535 | $1,553,693 |
| Expenses | $2,407,374 | $923,684 | $726,363 |
| Qualifying Distributions | $2,320,198 | $840,000 | $655,000 |
| Net Investment Income | $429,904 | $345,763 | $326,291 |
| Distributable Amount | $1,120,988 | $956,059 | $727,320 |
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
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include City of Covington ($939,498), Sparkhaus ($250,000), Enzweiler Building Institute ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACUE CO DIOCESE OF COVINGTON COVINGTON, KY | PROGRAM SUPPORT | $50,000 |
| CHILDRENS HOME OF NKY COVINGTON, KY | PROGRAM SUPPORT | $150,000 |
| THOMAS MORE UNIVERSITY CRESTVIEW HILLS, KY | PROGRAM SUPPORT | $50,000 |
| THE CATALYTIC FUND OF NORTHERN KENTUCKY COVINGTON, KY | PROGRAM SUPPORT | $100,000 |
| LIFE LEARNING CENTER COVINGTON, KY | PROGRAM SUPPORT | $50,000 |
| NEWPORT CENTRAL CATHOLIC NEWPORT, KY | PROGRAM SUPPORT | $100,000 |
| COVINGTON CATHOLIC PARK HILLS, KY | PROGRAM SUPPORT | $125,000 |
| SPARKHAUS COVINGTON, KY | PROGRAM SUPPORT | $250,000 |
| CARE NET OF NKY COVINGTON, KY | PROGRAM SUPPORT | $5,700 |
| ENZWEILER BUILDING INSTITUTE ERLANGER, KY | PROGRAM SUPPORT | $250,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LYNN M HEMMER | TREASURER | 1 | — |
| PHILIP A DREES | VICE PRESIDENT & SECRETARY | 1 | — |
| BARBARA DREES JONES | PRESIDENT | 1 | — |
| SUSAN A PANOUSHEK | DIRECTOR | 1 | — |
| DAVID G DRESS | DIRECTOR | 1 | — |
| IRMALEEN DREES | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Drees Homes Foundation Inc?
Drees Homes Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FT MITCHELL, KY. It holds $16.2M in total assets as of 2024.
How large is Drees Homes Foundation Inc?
As of 2024, Drees Homes Foundation Inc holds $16.2M in total assets with $3.0M in annual revenue. It awarded 14 grants totaling $2.3M in 2024.
Where does Drees Homes Foundation Inc operate?
Drees Homes Foundation Inc has awarded grants in Kentucky, New York, Ohio.
What size grants does Drees Homes Foundation Inc award?
In 2024, Drees Homes Foundation Inc awarded 14 grants totaling $2.3M — an average of about $166K per grant, based on its IRS Form 990 filings.
How much is Drees Homes Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Drees Homes Foundation Inc reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Drees Homes Foundation Inc's EIN?
Drees Homes Foundation Inc's EIN (Employer Identification Number) is 81-1255960. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Drees Homes Foundation Inc'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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