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.
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.
About The Drake-lovejoy Foundation
Based on IRS filings
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.
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 | 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 |
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
Among its reported 2025 grants, the largest include The Williamson Free School of ($6,454), Albion College ($6,454), Bixlers United Methodist Church ($6,454).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE | 1 | $556 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is The Drake-lovejoy Foundation?
As of 2025, The Drake-lovejoy Foundation holds $373K in total assets with $16K in annual revenue. It awarded 3 grants totaling $19K in 2025.
Where does The Drake-lovejoy Foundation operate?
The Drake-lovejoy Foundation has awarded grants in Maryland, Michigan, Pennsylvania.
What size grants does The Drake-lovejoy Foundation award?
In 2025, The Drake-lovejoy Foundation awarded 3 grants totaling $19K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Drake-lovejoy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Drake-lovejoy Foundation reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.