The George and Grace Dragas Family Foundation
The George and Grace Dragas Family Foundation is a private foundation, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $8K. Net investment income was $313K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$8K
-34.8% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$4K
-67.4% YoY
About The George and Grace Dragas Family Foundation
Based on IRS filings
The George and Grace Dragas Family Foundation is a private foundation, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $8K. Net investment income was $313K.
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $7,938,447 | $7,485,872 |
| Revenue | $1,053,367 | $250,018 | $218,110 |
| Expenses | $68,311 | $24,285 | $71,481 |
| Qualifying Distributions | $7,500 | $11,500 | $28,250 |
| Net Investment Income | $313,381 | $455,396 | $343,090 |
| Distributable Amount | $271,470 | $447,510 | $430,336 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Helen E Dragas | Director | 1 | — |
| Lewis Warrington Webb IV | Director | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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