The Drake Foundation
The Drake Foundation is a private foundation, based in Germantown, TN. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $178K. Net investment income was $1K.
The Drake Foundation at a glance
In short: The Drake Foundation gave $178K across 2 grants in 2024 (avg $89K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $178,098
- +1.8% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $89,049
- +1.8% vs 2023
- Median grant
- $89,049
- Primary geography
- Illinois (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Drake Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Pastoral Leadership Institute ($175K). Together the top 2 received $178K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 12 grants of 17 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How The Drake Foundation gives
- Giving grew 57% from 2021 to 2024. 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 2020 to 2024, annual grant giving ranged from $84K (2020) to $211K (2022). In 2024 it made 2 grants totaling $178K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pastoral Leadership Institute Wheaton, IL | Further exempt purpose | $175,000 |
| Grace Community Montrose, CO | Further exempt purpose | $3,098 |
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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 |
|---|---|---|---|---|---|---|---|
| 2024 | — | $76,002 | $178,124 | $178,098 | 2 | $178,098 | $1,002 |
| 2023 | $102,122 | $201,888 | $175,009 | $175,000 | 2 | $175,000 | $1,888 |
| 2022 | $75,243 | $200,682 | $210,514 | $210,500 | 5 | $210,500 | $682 |
| 2021 | $85,075 | $100,474 | $113,520 | $113,500 | 4 | $113,500 | $474 |
| 2020 | $98,121 | $1,414 | $83,532 | $83,500 | 4 | — | $1,414 |
Leadership & Key People
Officers and directors from IRS filings
The Drake Foundation's only listed officer is Darin Drake, Secretary & Bod on every filing since 2020 (uncompensated).
Officers on the 2024 filing
Darin Drake
Secretary & Bod
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Drake Foundation
How much does The Drake Foundation give each year?
The Drake Foundation gave $178K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $175K across 2 grants.
Where does The Drake Foundation operate?
The Drake Foundation has awarded grants in Colorado, Illinois, Kentucky, Pennsylvania, Tennessee.
What is The Drake Foundation's EIN?
The Drake Foundation's EIN (Employer Identification Number) is 62-1684643. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Drake Foundation's focus areas in our free grants database
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