Drees Homes Foundation Inc
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.
Key facts about Drees Homes Foundation Inc
- EIN
- 81-1255960
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,320,198
- Grants made (2024)
- 14
- Average grant
- $165,728
- Median grant
- $100,000
- New grantees (estimate)
- 43% first-time grantees (6 of 14, 2024)
- Total assets
- $16,222,973
- Primary geography
- Kentucky (96% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Drees Homes Foundation Inc funds
By grant dollars, the top recipient states for Drees Homes Foundation Inc's 14 itemized 2024 grants were Kentucky (96%). The most frequent recipient cities were Covington, KY (8 grants). None of its 14 grants with a stated purpose were described as general or operating support. Recurring purposes include "Program Support" (13 grants).
Is Drees Homes Foundation Inc open to new grantees?
43%
first-time grantees, 2024
In 2024, 6 of 14 grantees (43%) were first-time recipients. First grants averaged $266K; repeat grants $91K. How we count
Medians: $175K first-time, $100K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving grew 242% from 2021 to 2024. Method
- In 2024 it paid out 207% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Drees Homes Foundation Inc
- How to evaluate Drees Homes Foundation Inc as a funder
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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
Share of all 14 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include City of Covington ($939,498), Sparkhaus ($250,000), Enzweiler Building Institute ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CITY OF COVINGTON Covington, KY | CONSTRUCTION SUPPORT | $939,498 |
| SPARKHAUS Covington, KY | PROGRAM SUPPORT | $250,000 |
| ENZWEILER BUILDING INSTITUTE Erlanger, KY | PROGRAM SUPPORT | $250,000 |
| CHILDRENS HOME OF NKY Covington, KY | PROGRAM SUPPORT | $150,000 |
| COVINGTON CATHOLIC Park Hills, KY | PROGRAM SUPPORT | $125,000 |
| THE CATALYTIC FUND OF NORTHERN KENTUCKY Covington, KY | PROGRAM SUPPORT | $100,000 |
| NEWPORT CENTRAL CATHOLIC Newport, KY | PROGRAM SUPPORT | $100,000 |
| ST JOSEPH HOME Cincinnati, OH | PROGRAM SUPPORT | $100,000 |
| THE POINT ARC Covington, KY | PROGRAM SUPPORT | $100,000 |
| ACUE CO DIOCESE OF COVINGTON Covington, KY | PROGRAM SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.