The Drake Instrument Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 2 grants totaling $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.0M
+193.1% YoY
Annual Giving
$3K
Grant Count
2
Avg Grant Size
$1K
Under IRS private-foundation payout rules, The Drake Instrument Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About The Drake Instrument Foundation
Based on IRS filings
The Drake Instrument Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 2 grants totaling $3K.
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 | $4,009,445 | $1,368,088 | $1,375,798 |
| Revenue | — | — | — |
| Expenses | $8,643 | $7,710 | $4,443 |
| Qualifying Distributions | $7,768 | $6,650 | $3,393 |
| Net Investment Income | — | — | — |
| Distributable Amount | $9,009 | $9,449 | $9,696 |
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
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Civil Liberties Union ($1,400), Sierra Club Foundation ($1,400).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CIVIL LIBERTIES UNION NEW YORK, NY | GENERAL FUND | $1,400 |
| SIERRA CLUB FOUNDATION OAKLAND, CA | GENERAL FUND | $1,400 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILIP DICKEY | PRESIDENT | 1 | — |
| LAUREL SERCOMBE | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Drake Instrument Foundation?
The Drake Instrument Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. It holds $4.0M in total assets as of 2024.
How large is The Drake Instrument Foundation?
As of 2024, The Drake Instrument Foundation holds $4.0M in total assets. It awarded 2 grants totaling $3K in 2024.
Where does The Drake Instrument Foundation operate?
The Drake Instrument Foundation has awarded grants in California, New York.
What size grants does The Drake Instrument Foundation award?
In 2024, The Drake Instrument Foundation awarded 2 grants totaling $3K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Drake Instrument Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Drake Instrument 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 Instrument Foundation's EIN?
The Drake Instrument Foundation's EIN (Employer Identification Number) is 81-4792937. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Drake Instrument 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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