Margarette Drake Trust
Margarette Drake Trust is a private foundation, based in PARIS, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $77K in total assets. In 2025, it awarded 3 grants totaling $4K. Net investment income was $3K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$77K
-3.4% YoY
Annual Giving
$4K
+3.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$1K
+3.8% YoY
Under IRS private-foundation payout rules, Margarette Drake Trust reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
About Margarette Drake Trust
Based on IRS filings
Margarette Drake Trust is a private foundation, based in PARIS, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $77K in total assets. In 2025, it awarded 3 grants totaling $4K. Net investment income was $3K.
Ready to take the next step with Margarette Drake Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $76,715 | $79,440 | $82,609 |
| Revenue | $3,896 | $3,188 | $2,300 |
| Expenses | $6,621 | $6,357 | $6,310 |
| Qualifying Distributions | $5,536 | $5,326 | $5,533 |
| Net Investment Income | $2,841 | $2,180 | $1,678 |
| Distributable Amount | $4,338 | $4,132 | $4,031 |
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 2025
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include New Providence (baliff) Church ($1,489), Oliver United Methodist Church ($1,489), Armstrong United Methodist Church ($1,489).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW PROVIDENCE (BALIFF) CHURCH WEST YORK, IL | GENERAL SUPPORT | $1,489 |
| OLIVER UNITED METHODIST CHURCH PARIS, IL | GENERAL SUPPORT | $1,489 |
| ARMSTRONG UNITED METHODIST CHURCH MARSHALL, IL | GENERAL SUPPORT | $1,489 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PROSPECT BANK | TRUSTEE | 1 | $1,319 |
Frequently Asked Questions
How large is Margarette Drake Trust?
As of 2025, Margarette Drake Trust holds $77K in total assets with $4K in annual revenue. It awarded 3 grants totaling $4K in 2025.
Where does Margarette Drake Trust operate?
Margarette Drake Trust has awarded grants in Illinois.
What size grants does Margarette Drake Trust award?
In 2025, Margarette Drake Trust awarded 3 grants totaling $4K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Margarette Drake Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Margarette Drake Trust reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Margarette Drake Trust's EIN?
Margarette Drake Trust's EIN (Employer Identification Number) is 37-6363057. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Margarette Drake Trust'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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