Drendel Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About Drendel Family Foundation
Based on IRS filings
Drendel Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lowes Home Improvement ($5,000), A Badge of Honor Inc ($1,000), Daily Bread Inc ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| LOWES HOME IMPROVEMENT HICKORY, NC | FOR OPERATIONS AT RECIPIENT'S DISCRETION. | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK M DRENDEL | OFFICER | 0.5 | — |
| SANDRA WALTERS | OFFICER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Drendel Family Foundation?
Drendel Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HICKORY, NC. It holds $271K in total assets as of 2024.
How large is Drendel Family Foundation?
As of 2024, Drendel Family Foundation holds $271K in total assets with $21K in annual revenue. It awarded 3 grants totaling $7K in 2024.
Where does Drendel Family Foundation operate?
Drendel Family Foundation has awarded grants in California, District of Columbia, Florida, Maryland, North Carolina, Tennessee, Texas.
What size grants does Drendel Family Foundation award?
In 2024, Drendel Family Foundation awarded 3 grants totaling $7K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Drendel Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Drendel Family Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Drendel Family Foundation'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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