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
1
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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