The Drexel Fund

SOUTH BEND, IN EIN: 46-5768451

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

Annual Giving

$3.7M

-8.7% YoY

Grant Count

55

+37.5% YoY

Avg Grant Size

$68K

-33.6% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$3M$6M$9M$12M201920202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M$4M16 grants201925 grants202023 grants202143 grants202240 grants202355 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

ST AUGUSTINE PREPARATORY$275KCRISTO REY ORANGE COUNTY…$200KTHE MEANING FOUNDATION (…$195KCRISTO REY ATLANTA JESUI…$150KDUBUQUE DREAM CENTER INC$150KTHE BASILICA SCHOOL OF S…$150KCRISTO REY MIAMI HIGH SC…$125KLAB SCHOOL OF MEMPHIS INC$124KCOOLANU INC$100KICON PREPARATORY JAX AND…$100K

Grant Size Distribution

202 grants across all recorded years

80<$50K57$50–100K49$100–250K12$250–500K3$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does The Drexel Fund fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

JOHN ERIKSENCHAIRMAN$276KMARK GLEASONMANAGING PARTNER$240K

From 2024 filing

NameTitleHoursCompensation
BJ CASSINCHAIRMAN EMERITUS2
THOMAS J HEALEYTREASURER2
NICK HOWLEYTRUSTEE2
DARREN JACKSONSECRETARY2
MICHAEL MESSNERTRUSTEE2
DARLA ROMFOTRUSTEE2
ABIGAIL SCHUMWINGERTRUSTEE2
CHRISTOPHER WILSONTRUSTEE2
JOHN ERIKSENCHAIRMAN40$275,783
MARK GLEASONMANAGING PARTNER40$240,000

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

24states
+16 more states

Cities

AKRONASHEVILLEATLANTABATON ROUGEBEVERLY HILLSBIRMINGHAMBRECKSVILLECASSELBERRYCHICAGOCINCINNATICLEARWATERCLEVELANDCOLUMBUSCROWN POINTDADE CITYDORALDUBUQUEDURHAMFLAT TOPGLENDALE

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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