The Drake Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARSON CITY, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $341K in total assets. In 2024, it awarded 4 grants totaling $17K. Net investment income was $94K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$341K
+16.7% YoY
Annual Giving
$17K
+36.0% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$4K
+2.0% YoY
Under IRS private-foundation payout rules, The Drake Family Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About The Drake Family Foundation
Based on IRS filings
The Drake Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARSON CITY, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $341K in total assets. In 2024, it awarded 4 grants totaling $17K. Net investment income was $94K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $341,459 | $292,585 | $304,907 |
| Revenue | $96,719 | $1,217 | $1,036 |
| Expenses | $21,531 | $20,456 | $24,789 |
| Qualifying Distributions | $18,575 | $14,284 | $20,000 |
| Net Investment Income | $94,268 | — | — |
| Distributable Amount | $8,674 | $9,386 | $9,853 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Testicular Cancer Awareness Foundation ($10,000), Special Operations Find Kids ($5,000), Carson Valley Food Closet ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CARSON VALLEY FOOD CLOSET GARDNER, NV | GENERAL SUPPORT | $1,000 |
| FEEDING PETS OF THE HOMELESS CARSON CITY, NV | GENERAL SUPPORT | $1,000 |
| SPECIAL OPERATIONS FIND KIDS SACRAMENTO, CA | GENERAL SUPPORT | $5,000 |
| TESTICULAR CANCER AWARENESS FOUNDATION GRAND JUNCTION, CO | GENERAL SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER F DRAKE | DIRECTOR | — | — |
| ARMIN B DRAKE | SECRETARY/DIRECTOR | — | — |
| DEBRA A DRAKE | PRESIDENT/DIRECTOR | — | — |
| PORTER E DRAKE | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Drake Family Foundation?
The Drake Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARSON CITY, NV. It holds $341K in total assets as of 2024.
How large is The Drake Family Foundation?
As of 2024, The Drake Family Foundation holds $341K in total assets with $97K in annual revenue. It awarded 4 grants totaling $17K in 2024.
Where does The Drake Family Foundation operate?
The Drake Family Foundation has awarded grants in California, Colorado, Florida, Nevada.
What size grants does The Drake Family Foundation award?
In 2024, The Drake Family Foundation awarded 4 grants totaling $17K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Drake Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Drake Family Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Drake Family Foundation's EIN?
The Drake Family Foundation's EIN (Employer Identification Number) is 75-3032776. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Drake Family Foundation'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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