Helen E Dragas Foundation

VIRGINIA BEACH, VA EIN: 82-5034383

Helen E Dragas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.2M in total assets. In 2024, it awarded 2 grants totaling $8.0M. Net investment income was $178K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.2M

+676.2% YoY

Annual Giving

$8.0M

+79649.1% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$4.0M

+39774.5% YoY

Under IRS private-foundation payout rules, Helen E Dragas Foundation reported a distributable amount of $272K for 2024 — the minimum it must pay out in qualifying distributions.

About Helen E Dragas Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $8.0M (98%)

Delaware $197K (2%)

States

Delaware Virginia

Cities

AttachedMiddletonRichmond

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$9,199,860	$1,185,221	$974,370
Revenue	$11,125,788	$1,222,720	$1,174,820
Expenses	$7,976,320	$11,278	$202,159
Qualifying Distributions	$7,974,907	$10,000	$197,300
Net Investment Income	$177,624	$27,446	$5,247
Distributable Amount	$272,405	$52,643	$23,230

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See ($7,829,847), See ($145,060).

Recipient	Purpose	Amount
SEE ATTACHED, VA	VARIOUS	$7,829,847
SEE ATTACHED, VA	VARIOUS	$145,060

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Helen E Dragas	President	2	—
Lewis W Webb IV	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Helen E Dragas Foundation?

Helen E Dragas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VIRGINIA BEACH, VA. It holds $9.2M in total assets as of 2024.

How large is Helen E Dragas Foundation?

As of 2024, Helen E Dragas Foundation holds $9.2M in total assets with $11.1M in annual revenue. It awarded 2 grants totaling $8.0M in 2024.

Where does Helen E Dragas Foundation operate?

Helen E Dragas Foundation has awarded grants in Delaware, Virginia.

What size grants does Helen E Dragas Foundation award?

In 2024, Helen E Dragas Foundation awarded 2 grants totaling $8.0M — an average of about $4.0M per grant, based on its IRS Form 990 filings.

How much is Helen E Dragas Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Helen E Dragas Foundation reported a distributable amount of $272K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.