Drendel Family Foundation
Drendel Family Foundation is a private foundation, based in Hickory, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $271K in total assets. In 2024, it awarded 3 grants totaling $7K. Net investment income was $12K.
Key facts about Drendel Family Foundation
In short: Drendel Family Foundation gave $7K across 3 grants in 2024 (avg $2K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- EIN
- 27-4243694
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $7,000
- Grants made (2024)
- 3
- Average grant
- $2,333
- Median grant
- $1,000
- Total assets
- $271,070
- Primary geography
- North Carolina (71% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$271K
-0.2% YoY
Annual Giving
$7K
Grant Count
3
Avg Grant Size
$2K
Under IRS private-foundation payout rules, Drendel Family Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
How Drendel Family Foundation gives
- In 2024 it paid out 40% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $7K (2024) to $46K (2022). In 2024 it made 3 grants totaling $7K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Lowes Home Improvement ($5K). Together the top 3 received $7K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lowes Home Improvement Hickory, NC | For Operations at Recipient's Discretion. | $5,000 |
| A Badge of Honor Inc Rockwall, TX | For Operations at Recipient's Discretion. | $1,000 |
| Daily Bread Inc Melbourne, FL | For Operations at Recipient's Discretion. | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $271,070 | $271,611 | $249,516 |
| Revenue | $20,664 | $26,902 | $14,718 |
| Expenses | $21,205 | $4,807 | $60,135 |
| Qualifying Distributions | $7,000 | — | $45,500 |
| Net Investment Income | $11,757 | $23,862 | $11,244 |
| Distributable Amount | $17,575 | $14,633 | $16,627 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Drendel Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Frank M. Drendel
Officer
On filings since 2020
0.5 hrs/week
No compensation reported
Sandra Walters
Officer
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Drendel Family Foundation
How much does Drendel Family Foundation give each year?
Drendel Family Foundation gave $7K across 3 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Drendel Family Foundation's typical grant size?
Drendel Family Foundation's median grant in 2024 was $1,000, and its average grant was $2,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Drendel Family Foundation give grants?
Drendel Family Foundation gives mostly in North Carolina: 71% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Texas (14%) and Florida (14%).
Does Drendel Family Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Drendel Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "For Operations at Recipient's Discretion." (3 grants).
How large is Drendel Family Foundation?
Drendel Family Foundation reported $271K in total assets on its 2024 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Drendel Family Foundation's EIN?
Drendel Family Foundation's EIN (Employer Identification Number) is 27-4243694. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Drendel Family Foundation by hand.
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