DRW Foundation
DRW Foundation is a private foundation based in Chicago, Illinois. Its 2025 grants went to charitable organizations including schools, universities, youth programs, and organizations working on gun violence prevention.
DRW Foundation at a glance
In short: DRW Foundation gave $3.2M across 36 grants in 2025 (avg $88K), mostly in Illinois. 6% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,161,500
- +15.3% vs 2024
- Grants made (2025)
- 36
- -16.3% vs 2024
- Average grant
- $87,819
- +37.7% vs 2024
- Median grant
- $50,000
- Total assets
- $4,871,523
- +1117.8% vs 2024
- New grantees (estimate)
- 6% first-time grantees (2 of 36, 2025)
- Primary geography
- Illinois (64% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to DRW Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 540 W Madison Street 2500, Chicago, IL 60661
Phone: (312) 798-8482
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who DRW Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was California Institute of Technology ($750K). Together the top 10 received $2.0M.
Grant Size Distribution
200 grants across all recorded years
The most common grant size was under $50K: 109 grants of 200 (55%).
Geographic Focus
Where this funder awards grants
In 2025, 64% of grant dollars went to recipients in Illinois, 25% to California, 5% to New York, 3% to Massachusetts, and 3% to Texas.
Grant Distribution by State
Share of 2025 grant dollars across all 36 itemized grants.
States
Cities
Is DRW Foundation open to new grantees?
6%
first-time grantees, 2025
In 2025, 2 of 36 grantees (6%) were first-time recipients. First grants averaged $13K; repeat grants $92K. How we count
Medians: $13K first-time, $63K repeat.
- 92% of 2025 grantees were also funded in 2024. Method
- Giving grew 43% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1.4M (2021) to $3.2M (2025). In 2025 it made 36 grants totaling $3.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| California Institute of Technology Pasadena, CA | General Support | $750,000 |
| Noble Network of Charter Schools Chicago, IL | General Support | $285,000 |
| Code Platoon Chicago, IL | General Support | $200,000 |
| Greenwood Project Chicago, IL | General Support | $150,000 |
| University of Chicago Chicago, IL | General Support | $121,500 |
| Owls Lacrosse Chicago, IL | General Support | $110,000 |
| Beat the Streets Chicago Chicago, IL | General Support | $100,000 |
| Bottom Line Boston, MA | General Support | $100,000 |
| Chicago Tech Academy High School Chicago, IL | General Support | $100,000 |
| Everytown for Gun Safety Support Fund Inc New York, NY | General Support | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,871,523 | $7,530,779 | $3,161,915 | $3,161,500 | 36 | $3,161,515 | $2,420,779 | $58,673 |
| 2024 | $400,022 | $2,699,574 | $2,743,375 | $2,741,739 | 43 | $2,741,769 | $5,659 | $19,979 |
| 2023 | $412,736 | $2,643,444 | $2,607,420 | $2,607,245 | 52 | $2,607,420 | $7,213 | $17,777 |
| 2022 | $278,709 | $2,108,552 | $2,212,099 | $2,211,992 | 40 | $2,212,099 | $4,415 | $15,786 |
| 2021 | $391,370 | $1,771,988 | $1,449,294 | $1,447,781 | 29 | $1,449,294 | $3,323 | $14,691 |
| 2020 | $199,935 | $1,985,660 | $1,977,241 | $1,977,135 | 37 | — | $2,880 | $13,446 |
Under IRS private-foundation payout rules, DRW Foundation reported a distributable amount of $59K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state the foundation’s own mission. Its grants include support for organizations with varied missions. For example, Noble Network of Charter Schools says it works to provide students with equitable, positive school experiences that prepare them to complete college and lead choice-filled lives. Greenwood Project says it creates financial-services career pathways for Black and Latino college students. The BLOC says it uses boxing to provide resources and opportunities to Chicago youth and communities.
Grantmaking
In filing year 2025, the foundation reported 36 grants totaling $3,161,500. Grant amounts ranged from $5,000 to $750,000, with a median of $50,000.
The largest reported grant was $750,000 to the California Institute of Technology for general support. Other large grants included $285,000 to Noble Network of Charter Schools, $200,000 to Code Platoon, $150,000 to Greenwood Project, and $121,500 to the University of Chicago. Each was listed for general support. The foundation also gave $100,000 each to Beat the Streets Chicago, Bottom Line, Chicago Tech Academy High School, Everytown for Gun Safety Support Fund, Kids First Chicago for Education, and The BLOC.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jeffrey Levoff as president and director; Donald R Wilson Jr as vice president, secretary, and director; Jennifer Wilson as vice president, treasurer, and director; and Kenneth Brody as director.
DRW Foundation is led by Jeffrey Levoff, President & Director on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jeffrey Levoff
President & Director
On filings since 2020
1 hr/week
No compensation reported
Donald R. Wilson Jr.
Vice President, Secretary & Director
Secretary & Director → Vice President, Secretary & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Jennifer Wilson
Vice President, Treasurer & Director
Director → Treasurer & Director, 2022
Treasurer & Director → Vice President, Treasurer & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Kenneth Brody
Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Kevin Kroeger (2020–2021) — Treasurer & Director
Data from IRS Form 990 filings, 2020–2025. "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 DRW Foundation
How much does DRW Foundation give each year?
DRW Foundation gave $3.2M across 36 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.7M across 43 grants.
What is DRW Foundation's typical grant size?
DRW Foundation's median grant in 2025 was $50,000, and its average grant was $87,819, across 36 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from DRW Foundation that year got $13K on average.
Where does DRW Foundation give grants?
DRW Foundation gives mostly in Illinois: 64% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (25%). The most frequent recipient cities were Chicago, IL (27 grants) and New York, NY (3 grants).
Does DRW Foundation give general operating support?
Yes: 100% of DRW Foundation's 2025 grants with a stated purpose (36 of 36) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are DRW Foundation's largest grantees?
DRW Foundation's largest 2025 grantees include California Institute of Technology ($750,000), Noble Network of Charter Schools ($285,000) and Code Platoon ($200,000), according to its 2025 IRS Form 990-PF. Together they received 39% of its itemized 2025 grant dollars.
How large is DRW Foundation?
DRW Foundation reported $4.9M in total assets on its 2025 IRS Form 990-PF. It paid out $3.2M in qualifying distributions that year, against a required minimum of $59K (roughly 5% of its investment assets).
What does DRW Foundation fund?
The available information does not state the foundation’s own mission. Its grants include support for organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from DRW Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does DRW Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in DRW Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). DRW Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/drw-foundation-morg_78a12f73ac0f4dfca9312527c1291295
BibTeX
@misc{grantable_201734765_2026,
author = {{Grantable}},
title = {{DRW Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/drw-foundation-morg_78a12f73ac0f4dfca9312527c1291295},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from DRW Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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