Phillip E Drachman Charitable Trust
Phillip E Drachman Charitable Trust is a private foundation focused on Education, based in Cincinnati, OH. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 1 grant totaling $235K. Net investment income was $78K.
Phillip E Drachman Charitable Trust at a glance
In short: Phillip E Drachman Charitable Trust gave $235K across 1 grant in 2025 (avg $235K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $234,500
- +8.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $234,500
- +8.1% vs 2024
- Median grant
- $234,500
- Total assets
- $1,908,317
- -6.3% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Phillip E Drachman Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Evansville ($235K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Phillip E Drachman Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2025 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $193K (2019) to $266K (2022). In 2025 it made 1 grant totaling $235K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Evansville Evansville, IN | Scholarship | $234,500 |
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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 | $1,908,317 | $138,851 | $297,016 | $234,500 | 1 | $241,362 | $78,075 | $248,965 |
| 2024 | $2,036,744 | $85,349 | $288,358 | $217,000 | 1 | $222,982 | $61,658 | $241,831 |
| 2023 | $2,238,595 | $484,084 | $285,058 | $228,000 | 1 | $233,609 | $430,207 | $219,470 |
| 2022 | $2,041,243 | $187,961 | $336,768 | $266,000 | 1 | $271,701 | $134,640 | $229,900 |
| 2021 | $2,190,254 | $606,061 | $291,133 | $227,000 | 1 | $227,588 | $543,673 | $234,418 |
| 2020 | $1,875,325 | $163,965 | $278,306 | $220,776 | 1 | — | $106,329 | $199,654 |
| 2019 | $1,989,668 | $112,483 | $254,371 | $192,862 | 1 | — | $60,330 | $205,405 |
Under IRS private-foundation payout rules, Phillip E Drachman Charitable Trust reported a distributable amount of $249K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Phillip E Drachman Charitable Trust's only listed officer is Fifth Third Bank N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Fifth Third Bank N A
Trustee
On filings since 2020
1 hr/week
$31K (2020) → $36K (2025)
Former officers (1)
- Former: Fifth Third Bank (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $36K, to Fifth Third Bank N a (Trustee).
Frequently asked questions about Phillip E Drachman Charitable Trust
How much does Phillip E Drachman Charitable Trust give each year?
Phillip E Drachman Charitable Trust gave $235K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $217K across 1 grant.
How large is Phillip E Drachman Charitable Trust?
Phillip E Drachman Charitable Trust reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $241K in qualifying distributions that year, against a required minimum of $249K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 $1.9M in total assets as of 2025.
Where does Phillip E Drachman Charitable Trust operate?
Phillip E Drachman Charitable Trust has awarded grants in Indiana.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 4, 2020)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 27, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
Live grants for the work Phillip E Drachman Charitable Trust funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Phillip E Drachman Charitable Trust's focus areas in our free grants database
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