The Drake Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$178K
+1.8% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$89K
+1.8% YoY
About The Drake Foundation
Based on IRS filings
The Drake Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | — | $102,122 | $75,243 |
| Revenue | $76,002 | $201,888 | $200,682 |
| Expenses | $178,124 | $175,009 | $210,514 |
| Qualifying Distributions | $178,098 | $175,000 | $210,500 |
| Net Investment Income | $1,002 | $1,888 | $682 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pastoral Leadership Institute ($175,000), Grace Community ($3,098).
| Recipient | Purpose | Amount |
|---|---|---|
| Grace Community Montrose, CO | Further exempt purpose | $3,098 |
| Pastoral Leadership Institute Wheaton, IL | Further exempt purpose | $175,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Darin Drake | Secretary/BOD | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Drake Foundation?
The Drake Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GERMANTOWN, TN. It holds — in total assets as of 2024.
Where does The Drake Foundation operate?
The Drake Foundation has awarded grants in Colorado, Illinois, Kentucky, Pennsylvania, Tennessee.
What size grants does The Drake Foundation award?
In 2024, The Drake Foundation awarded 2 grants totaling $178K — an average of about $89K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in The Drake 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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