Phillip E Drachman Charitable Trust

Foundation · Grantmaker CINCINNATI, OH EIN: 35-6438099

Phillip E Drachman Charitable Trust is a private foundation focused on Education, based in CINCINNATI, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 1 grants totaling $217K. Net investment income was $62K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

-9.0% YoY

Annual Giving

$217K

-4.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$217K

-4.8% YoY

Under IRS private-foundation payout rules, Phillip E Drachman Charitable Trust reported a distributable amount of $242K for 2024 — the minimum it must pay out in qualifying distributions.

About Phillip E Drachman Charitable Trust

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $1.2M (100%)

States

Indiana

Cities

Evansville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,036,744	$2,238,595	$2,041,243
Revenue	$85,349	$484,084	$187,961
Expenses	$288,358	$285,058	$336,768
Qualifying Distributions	$222,982	$233,609	$271,701
Net Investment Income	$61,658	$430,207	$134,640
Distributable Amount	$241,831	$219,470	$229,900

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of Evansville ($217,000).

Recipient	Purpose	Amount
UNIVERSITY OF EVANSVILLE EVANSVILLE, IN	SCHOLARSHIP	$217,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIFTH THIRD BANK N A	TRUSTEE	1	$34,978

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Phillip E Drachman Charitable Trust?

Phillip E Drachman Charitable Trust is a private foundation focused on Education, based in CINCINNATI, OH. It holds $2.0M in total assets as of 2024.

How large is Phillip E Drachman Charitable Trust?

As of 2024, Phillip E Drachman Charitable Trust holds $2.0M in total assets with $85K in annual revenue. It awarded 1 grants totaling $217K in 2024.

Where does Phillip E Drachman Charitable Trust operate?

Phillip E Drachman Charitable Trust has awarded grants in Indiana.

What size grants does Phillip E Drachman Charitable Trust award?

In 2024, Phillip E Drachman Charitable Trust awarded 1 grants totaling $217K — an average of about $217K per grant, based on its IRS Form 990 filings.

How much is Phillip E Drachman Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Phillip E Drachman Charitable Trust reported a distributable amount of $242K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Phillip E Drachman Charitable Trust's EIN?

Phillip E Drachman Charitable Trust's EIN (Employer Identification Number) is 35-6438099. IRS Form 990 filing data is available on this page for 2019–2024.