DRW Foundation is a 501(c)(3) grantmaking foundation established in 2004 and based in Chicago, Illinois. The foundation operates as a company-sponsored foundation affiliated with DRW, a trading and financial services firm. The foundation distributes grants to charitable organizations selected by DRW employees to support communities where the company operates.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$400K
-3.1% YoY
Annual Giving
$2.7M
+5.2% YoY
Grant Count
43
-17.3% YoY
Avg Grant Size
$64K
+27.2% YoY
Under IRS private-foundation payout rules, Drw Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations working in the following areas:
- Food banks and hunger relief
- Education
- Health and medical research
- Spine disorders
- Recreation
- Human services
Grantmaking
Recent grant activity includes a $2 million gift to Caltech to advance mathematics and artificial intelligence research.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Chicago and the surrounding Illinois region, with a focus on local community impact.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Revenue: $2.64 million
- Expenses: $2.61 million
- Total Assets: $413,000
- Total Liabilities: $0
Tax-exempt Status: June 2006
EIN: 20-1734765
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $400,022 | $412,736 | $278,709 |
| Revenue | $2,699,574 | $2,643,444 | $2,108,552 |
| Expenses | $2,743,375 | $2,607,420 | $2,212,099 |
| Qualifying Distributions | $2,741,769 | $2,607,420 | $2,212,099 |
| Net Investment Income | $5,659 | $7,213 | $4,415 |
| Distributable Amount | $19,979 | $17,777 | $15,786 |
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
199 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include California Institute of Technology ($500,000), Noble Network of Charter Schools ($315,000), Code Platoon ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICA NEEDS YOU NEW YORK, NY | GENERAL SUPPORT | $50,000 |
| AMERICA SCORES CHICAGO CHICAGO, IL | GENERAL SUPPORT | $5,000 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | GENERAL SUPPORT | $515 |
| ASPIRE OF ILLINOIS MAYWOOD, IL | GENERAL SUPPORT | $50,000 |
| AUTISM SPEAKS CHICAGO, IL | SPONSORSHIP | $15,000 |
| BEAT THE STREETS CHICAGO CHICAGO, IL | GENERAL SUPPORT | $80,000 |
| BOTTOM LINE CHICAGO, IL | GENERAL SUPPORT | $113,400 |
| BOUNCE CHILDREN'S FOUNDATION DEERFIELD, IL | GENERAL SUPPORT | $2,500 |
| CALIFORNIA INSTITUTE OF TECHNOLOGY PASADENA, CA | GENERAL SUPPORT | $500,000 |
| CHICAGO SCHOLARS FOUNDATION CHICAGO, IL | GENERAL SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY LEVOFF | PRESIDENT/DIRECTOR | 1 | — |
| DONALD R WILSON JR | VP/SECRETARY/DIRECTOR | 1 | — |
| JENNIFER WILSON | VP/TREASURER/DIRECTOR | 1 | — |
| KENNETH BRODY | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2024, DRW Foundation announced a $2 million gift to Caltech to support the advancement of mathematics and artificial intelligence research.
DRW Foundation Enables Caltech to Advance Mathematics and AI Research | DRWContact Information
Address: 540 W Madison St Ste 2500, Chicago, IL 60661-2555
Telephone: 312-798-8482
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Drw Foundation fund?
The foundation supports organizations working in the following areas: • Food banks and hunger relief • Education • Health and medical research • Spine disorders • Recreation • Human services
How do I apply for a grant from Drw Foundation?
Recent grant activity includes a $2 million gift to Caltech to advance mathematics and artificial intelligence research. The foundation actively supports a diverse portfolio of Chicago-based organizations, including: • Inspiration Kitchens • Lakeview Pantry • Bottom Line • Code Platoon • Off Their Plate • Meals for the NHS • College Possible • Curt's Café • Metro Squash • Kid's First Chicago • Reading in Motion • Vocel • America Needs You • Open Books • Noble Family Support Fund • Cook County H…
Where does Drw Foundation make grants?
The foundation primarily funds organizations in Chicago and the surrounding Illinois region, with a focus on local community impact.
What size grants does Drw Foundation award?
In 2024, Drw Foundation awarded 43 grants totaling $2.7M — an average of about $64K per grant, based on its IRS Form 990 filings.
How much is Drw Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Drw Foundation reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Drw Foundation's EIN?
Drw Foundation's EIN (Employer Identification Number) is 20-1734765. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Drw Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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