The Draper Foundation is a private family foundation established in 1996 and based in San Mateo, California. The foundation operates as a philanthropic organization led by venture capitalist Timothy C. Draper and his family members. As a family foundation, it operates through trustee discretion rather than maintaining a public application process.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$188.3M
+44.6% YoY
Annual Giving
$6.8M
+4.4% YoY
Grant Count
114
+31.0% YoY
Avg Grant Size
$60K
-20.3% YoY
Under IRS private-foundation payout rules, The Draper Foundation reported a distributable amount of $7.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include:
- Arts
- Education
- Children and social services
- Presbyterian churches
The foundation's educational focus reflects Timothy Draper's background as a technology venture capitalist and his interest in innovation and educational reform. Notable grant recipients in education and entrepreneurship include institutions and programs focused on entrepreneurial development and educational advancement.
Grantmaking
The foundation does not maintain a public application process. As a private family foundation, it pre-selects organizations aligned with the Draper family's philanthropic interests.
Grant Range
Up to $1,000,000
Average Grant
amount: Approximately $75,000–$80,000 per grant
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports organizations nationally across 19 states, with particular concentration in:
- California
- Texas
- New York
The foundation also supports various other U.S. cities and states including Colorado, Florida, Illinois, Indiana, Iowa, Minnesota, Missouri, New Jersey, Nevada, Pennsylvania, Utah, Virginia, and Wisconsin.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving:
- Total assets: $130–$188 million (as of most recent filings)
- Total annual giving: $6.5–$6.8 million
- Total revenues (2024): $51,364,321
- Total expenses (2024): $7,787,259
Organization Details:
- EIN: 94-3256415
- IRS 501(c)(3) status
- Tax-exempt since August 1998
- No employees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $188,293,275 | $130,180,012 | $124,299,561 |
| Revenue | $51,364,321 | $-73,938,443 | $6,365,769 |
| Expenses | $7,787,259 | $6,644,136 | $4,927,499 |
| Qualifying Distributions | $6,789,726 | $6,502,836 | $4,588,809 |
| Net Investment Income | $3,504,818 | $1,669,292 | $7,241,035 |
| Distributable Amount | $7,695,067 | $6,687,205 | $6,701,969 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
247 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Texas Fdn Inc ($500,000), The University of Utah ($500,000), Brink Technology Inc ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SMITH COLLEGE NORTHAMPTON, MA | EDUCATION PROGRAM | $25,000 |
| PHILLIPS ANDOVER ACADEMY ANDOVER, MA | EDUCATION PROGRAM | $60,000 |
| PHILLIPS ANDOVER ACADEMY ANDOVER, MA | EDUCATION PROGRAM | $5,000 |
| HARVARD BUSINESS SCHOOL BOSTON, MA | EDUCATION PROGRAM | $25,000 |
| THE CHURCH AT POINT O' WOODS GREENWICH, CT | COMMUNITY OUTREACH | $10,000 |
| OAK KNOLL PTO WILLIAMSTOWN, NJ | EDUCATION PROGRAM | $15,000 |
| MOMS FIRST NEW YORK, NY | COMMUNITY OUTREACH | $5,000 |
| EVERY MOTHER COUNTS NEW YORK, NY | COMMUNITY OUTREACH | $10,000 |
| MUSEUM OF MODERN ART - NYC NEW YORK, NY | COMMUNITY OUTREACH | $50,000 |
| POINT OWOOD FOUNDATION INC NEW YORK, NY | COMMUNITY OUTREACH | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Officers:
- Timothy Draper – President & Director
- Andrea Draper – Director
- Jessica Draper – Director
- William H. Draper III – Secretary & Director
- Desiree Omran – Chief Financial Officer
All board members and officers serve on a voluntary basis with no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIMOTHY DRAPER | PRESIDENT & DIRECTOR | 0.5 | — |
| ANDREA DRAPER | DIRECTOR | 0.5 | — |
| JESSICA DRAPER | DIRECTOR | 0.5 | — |
| WILLIAM H DRAPER III | SECRETARY & DIRECTOR | 0.5 | — |
| DESIREE OMRAN | CFO | 1 | — |
| HILLARY DRAPER | DIRECTOR | 0.5 | — |
| ELEANOR DRAPER | DIRECTOR | 0.5 | — |
Contact Information
Address: 55 E 3rd Avenue, San Mateo, CA 94401-4010
Phone: 415-601-6111
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Draper Foundation fund?
The foundation's giving priorities include: • Arts • Education • Children and social services • Presbyterian churches The foundation's educational focus reflects Timothy Draper's background as a technology venture capitalist and his interest in innovation and educational reform. Notable grant recipients in education and entrepreneurship include institutions and programs focused on entrepreneurial development and educational advancement.
How do I apply for a grant from The Draper Foundation?
**Grant Activity:** • Annual giving: $6.5–$6.8 million • Total grants awarded: 54–87 grants annually • Grant range: Up to $1,000,000 • Average grant amount: Approximately $75,000–$80,000 per grant • Median grant amount: $25,000 **Recent Notable Grants (2024):** • Draper Richards Kaplan Foundation (DRK): $1,000,000 • BizWorld Foundation: $500,000 • The University of Texas Foundation: $500,000 **Application Process:** The foundation does not maintain a public application process. As a private fam…
Where does The Draper Foundation make grants?
The foundation supports organizations nationally across 19 states, with particular concentration in: • California • Texas • New York The foundation also supports various other U.S. cities and states including Colorado, Florida, Illinois, Indiana, Iowa, Minnesota, Missouri, New Jersey, Nevada, Pennsylvania, Utah, Virginia, and Wisconsin.
What size grants does The Draper Foundation award?
In 2024, The Draper Foundation awarded 114 grants totaling $6.8M — an average of about $60K per grant, based on its IRS Form 990 filings.
How much is The Draper Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Draper Foundation reported a distributable amount of $7.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Draper Foundation's EIN?
The Draper Foundation's EIN (Employer Identification Number) is 94-3256415. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Draper Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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