The Drake-Lovejoy Foundation
The Drake-Lovejoy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pittsburgh, PA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $373K in total assets. In 2025, it awarded 3 grants totaling $19K. Net investment income was $16K.
Key facts about The Drake-Lovejoy Foundation
In short: The Drake-Lovejoy Foundation gave $19K across 3 grants in 2025 (avg $6K), top state Pennsylvania. Source: 2025 IRS Form 990-PF.
- EIN
- 20-7425944
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $19,362
- Grants made (2025)
- 3
- Average grant
- $6,454
- Median grant
- $6,454
- Total assets
- $373,484
- Primary geography
- Pennsylvania (33% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$373K
-1.1% YoY
Annual Giving
$19K
+5.6% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$6K
+5.6% YoY
Under IRS private-foundation payout rules, The Drake-Lovejoy Foundation reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
How The Drake-Lovejoy Foundation gives
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| THE WILLIAMSON FREE SCHOOL OF Media, PA | GENERAL SUPPORT | $6,454 |
| ALBION COLLEGE Albion, MI | GENERAL SUPPORT | $6,454 |
| BIXLERS UNITED METHODIST CHURCH Manchester, MD | GENERAL SUPPORT | $6,454 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $373,484 | $377,516 | $397,495 |
| Revenue | $16,173 | $12,824 | $-4,505 |
| Expenses | $20,225 | $18,882 | $21,964 |
| Qualifying Distributions | $19,584 | $18,532 | $21,314 |
| Net Investment Income | $15,728 | $12,421 | $10,345 |
| Distributable Amount | $21,164 | $19,557 | $18,393 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
The Drake-Lovejoy Foundation's only listed officer is PNC Bank N A, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
PNC Bank N A
Trustee
On filings since 2024
1 hr/week
$490 (2024) → $556 (2025)
Former officers (1)
- Former: PNC Bank (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about The Drake-Lovejoy Foundation
How much does The Drake-Lovejoy Foundation give each year?
The Drake-Lovejoy Foundation gave $19K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 3 grants.
What is The Drake-Lovejoy Foundation's typical grant size?
The Drake-Lovejoy Foundation's median grant in 2025 was $6,454, and its average grant was $6,454, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Drake-Lovejoy Foundation give grants?
The Drake-Lovejoy Foundation's top state is Pennsylvania, with 33% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Michigan (33%) and Maryland (33%).
Does The Drake-Lovejoy Foundation give general operating support?
Yes: 100% of The Drake-Lovejoy Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Drake-Lovejoy Foundation?
The Drake-Lovejoy Foundation reported $373K in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).
What is The Drake-Lovejoy Foundation?
The Drake-Lovejoy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pittsburgh, PA. It holds $373K in total assets as of 2025.
What is The Drake-Lovejoy Foundation's EIN?
The Drake-Lovejoy Foundation's EIN (Employer Identification Number) is 20-7425944. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Drake-Lovejoy Foundation by hand.
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