The Paul E and Elaine C Drack Family Foundation Inc
The Paul E and Elaine C Drack Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $482K in total assets. In 2024, it awarded 14 grants totaling $29K. Net investment income was $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$482K
+171.2% YoY
Annual Giving
$29K
-24.6% YoY
Grant Count
14
+16.7% YoY
Avg Grant Size
$2K
-35.4% YoY
Under IRS private-foundation payout rules, The Paul E and Elaine C Drack Family Foundation Inc reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
About The Paul E and Elaine C Drack Family Foundation Inc
Based on IRS filings
The Paul E and Elaine C Drack Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $482K in total assets. In 2024, it awarded 14 grants totaling $29K. Net investment income was $15K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $481,969 | $177,744 | $211,179 |
| Revenue | $334,425 | $6,215 | $76,420 |
| Expenses | $30,200 | $39,650 | $19,630 |
| Qualifying Distributions | $29,000 | $38,450 | $18,350 |
| Net Investment Income | $15,120 | $6,215 | — |
| Distributable Amount | $18,971 | — | — |
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
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Cancer Society ($5,000), University of Cincinnati Foundation ($5,000), Matthew 25 Ministries ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY CINCINNATI, OH | UNRESTRICTED | $5,000 |
| NATIONAL PUBLIC RADIO WASHINGTON, DC | UNRESTRICTED | $1,000 |
| ANIMAL FRIENDS HUMANE SOCIETY HAMILTON, OH | UNRESTRICTED | $2,000 |
| CINCINNATI CHILDRENS HOSPITAL CINCINNATI, OH | UNRESTRICTED | $2,000 |
| RONALD MCDONALD HOUSE CINCINNATI, OH | UNRESTRICTED | $2,000 |
| ST JUDE CHILDRENS RESEARCH HOSPITAL MEMPHIS, TN | UNRESTRICTED | $2,000 |
| UNIVERSITY OF CINCINNATI FOUNDATION CINCINNATI, OH | UNRESTRICTED | $5,000 |
| WOUNDED WORRIOR PROJECT JACKSONVILLE, FL | UNRESTRICTED | $2,000 |
| ARTS WAVE CINCINNATI, OH | UNRESTRICTED | $1,000 |
| MATTHEW 25 MINISTRIES CINCINNATI, OH | UNRESTRICTED | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHLEEN GAUGHAN | DIRECTOR | 0.1 | — |
| ELAINE DRACK | DIRECTOR | 0.1 | — |
| KAREN SULLIVAN | DIRECTOR | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Paul E and Elaine C Drack Family Foundation Inc?
The Paul E and Elaine C Drack Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CINCINNATI, OH. It holds $482K in total assets as of 2024.
How large is The Paul E and Elaine C Drack Family Foundation Inc?
As of 2024, The Paul E and Elaine C Drack Family Foundation Inc holds $482K in total assets with $334K in annual revenue. It awarded 14 grants totaling $29K in 2024.
Where does The Paul E and Elaine C Drack Family Foundation Inc operate?
The Paul E and Elaine C Drack Family Foundation Inc has awarded grants in District of Columbia, Florida, Ohio, Tennessee.
What size grants does The Paul E and Elaine C Drack Family Foundation Inc award?
In 2024, The Paul E and Elaine C Drack Family Foundation Inc awarded 14 grants totaling $29K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Paul E and Elaine C Drack Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Paul E and Elaine C Drack Family Foundation Inc reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Paul E and Elaine C Drack Family Foundation Inc's EIN?
The Paul E and Elaine C Drack Family Foundation Inc's EIN (Employer Identification Number) is 82-1020203. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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