The Drake-Lovejoy Foundation
The Drake-Lovejoy Foundation is a private foundation, 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.
The Drake-Lovejoy Foundation at a glance
In short: The Drake-Lovejoy Foundation gave $19K across 3 grants in 2025 (avg $6K), top state Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $19,362
- +5.6% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $6,454
- +5.6% vs 2024
- Median grant
- $6,454
- Total assets
- $373,484
- -1.1% vs 2024
- Primary geography
- Pennsylvania (33% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Drake-Lovejoy Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was The Williamson Free School of ($6K). Together the top 3 received $19K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $17K (2020) to $21K (2023). In 2025 it made 3 grants totaling $19K.
Grants by year
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 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $373,484 | $16,173 | $20,225 | $19,362 | 3 | $19,584 | $15,728 | $21,164 |
| 2024 | $377,516 | $12,824 | $18,882 | $18,336 | 3 | $18,532 | $12,421 | $19,557 |
| 2023 | $397,495 | $-4,505 | $21,964 | $21,258 | 3 | $21,314 | $10,345 | $18,393 |
| 2022 | $424,444 | $20,880 | $22,299 | $20,127 | 3 | $20,168 | $20,431 | $21,298 |
| 2021 | $425,839 | $71,092 | $19,356 | $18,840 | 3 | — | $68,560 | $20,167 |
| 2020 | $374,358 | $11,535 | $22,188 | $16,860 | 3 | — | $11,079 | $18,890 |
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.
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
The highest reported compensation on the 2025 filing was $556, to PNC Bank N a (Trustee).
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Live grants for the work The Drake-Lovejoy Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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