The Drake-Lovejoy Foundation

Foundation · Grantmaker Pittsburgh, PA EIN: 20-7425944

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

3states

Share of all 3 itemized 2025 grant dollars.

Cities

AlbionManchesterMedia

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K3 grants20203 grants20213 grants20223 grants20233 grants20243 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

The Williamson Free School of: $6KThe Williamson Free School of$6KAlbion College: $6KAlbion College$6KBixlers United Methodist Church: $6KBixlers United MethodistChurch$6K

Grant Size Distribution

15 grants across all recorded years

15<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
THE WILLIAMSON FREE SCHOOL OF Media, PAGENERAL SUPPORT$6,454
ALBION COLLEGE Albion, MIGENERAL SUPPORT$6,454
BIXLERS UNITED METHODIST CHURCH Manchester, MDGENERAL SUPPORT$6,454

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K202020212022202320242025
Metric202520242023
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

  1. 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

PNC Bank N a — Trustee: $556PNC Bank N aTrustee$556

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.

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