The Peggy and Millard Drexler
The Peggy and Millard Drexler is a private foundation located in New York, NY. In 2024, it reported 20 grants totaling $534,500 to charitable organizations.
The Peggy and Millard Drexler at a glance
In short: The Peggy and Millard Drexler gave $535K across 20 grants in 2024 (avg $27K), mostly in New York. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $534,500
- +48.5% vs 2023
- Grants made (2024)
- 20
- +42.9% vs 2023
- Average grant
- $26,725
- +3.9% vs 2023
- Median grant
- $10,000
- Total assets
- $7,569,434
- +6.1% vs 2023
- New grantees (estimate)
- 40% first-time grantees (8 of 20, 2024; small sample)
- Primary geography
- New York (77% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Peggy and Millard Drexler
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 640 Park Avenue, New York, NY 10065
Phone: (212) 583-6001
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Peggy and Millard Drexler funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Columbia University ($125K). Together the top 10 received $476K.
Grant Size Distribution
91 grants across all recorded years
The most common grant size was under $50K: 77 grants of 91 (85%).
Geographic Focus
Where this funder awards grants
The foundation is located in New York, NY. In 2024, 77% of its grant dollars went to recipients in New York, 19% to Florida, 2% to Texas, and 2% to the District of Columbia.
Grant Distribution by State
Share of 2024 grant dollars across all 20 itemized grants.
States
Cities
Is The Peggy and Millard Drexler open to new grantees?
40%
first-time grantees, 2024
In 2024, 8 of 20 grantees (40%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $16K; repeat grants $34K. How we count
Medians: $10K first-time, $16K repeat.
- 30% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $360K (2023) to $600K (2022). In 2024 it made 20 grants totaling $535K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbia University New York, NY | Charitable | $125,000 |
| Sylvester Comprehensive Cancer Center Miami, FL | Charitable | $100,000 |
| Newyorkpresbyterianfundinc New York, NY | Charitable | $50,000 |
| Peconic Land Trust Southampton, NY | Charitable | $50,000 |
| UJA Federation of New York New York, NY | Charitable | $50,000 |
| Israel Healthcare Foundation New York, NY | Charitable | $30,000 |
| Central Synagogue New York, NY | Charitable | $25,000 |
| National Council of Jewish Women New York, NY | Charitable | $25,000 |
| Chinati Foundation Marfa, TX | Charitable | $11,000 |
| American Academy in Rome New York, NY | Charitable | $10,000 |
Ready to take the next step with The Peggy and Millard Drexler?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,569,434 | $1,254,327 | $821,592 | $534,500 | 20 | $837,479 | $1,024,457 | $985,349 |
| 2023 | $7,136,699 | $553,654 | $547,133 | $360,000 | 14 | $2,125,375 | $439,000 | $483,336 |
| 2022 | $9,081,150 | $804,415 | $1,417,410 | $600,000 | 20 | $1,379,659 | $574,064 | $580,170 |
| 2021 | $13,297,495 | $3,053,967 | $699,796 | $519,250 | 21 | $700,831 | $1,544,396 | $487,166 |
| 2020 | $7,439,701 | $996,637 | $1,211,761 | $366,250 | 16 | — | $914,954 | $321,169 |
Under IRS private-foundation payout rules, The Peggy and Millard Drexler reported a distributable amount of $985K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants show support for a range of organizations. For example, Peconic Land Trust says it conserves Long Island’s working farms, natural lands, and heritage; Israel Healthcare Foundation says it provides grants to hospitals and clinics in Israel; and National Council of Jewish Women says it provides education, services, and social action to advance human welfare and the democratic way of life.
Other 2024 recipients include organizations whose stated missions involve supporting community activists (The New World Foundation), advanced work in the arts and humanities (American Academy in Rome), historical dialogue about Chinese American experiences (Museum of Chinese in America), arts-based learning programs for New York City children and youth (ArtsConnection), and research toward effective ALS treatments (Project ALS).
Grantmaking
In 2024, the foundation made 20 grants totaling $534,500. Grant amounts ranged from $1,000 to $125,000, with a median grant of $10,000. The largest grants included $125,000 to Columbia University, $100,000 to Sylvester Comprehensive Cancer Center, and $50,000 each to NewYork-Presbyterian Fund Inc., Peconic Land Trust, and UJA Federation of New York. Other grants included $30,000 to Israel Healthcare Foundation, $25,000 each to Central Synagogue and National Council of Jewish Women, and $11,000 to Chinati Foundation.
The foundation reported a direct charitable payment to I Don't Want to Miss a Thing LLC for public education about popular culture and the arts, the neurodiversity spectrum, overcoming adversity, neglect, abuse and other difficulties in youth, and the question of nature versus nurture. This was described as direct charitable activity, not as a grant program for outside applicants.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Millard S. Drexler as chairman/treasurer and Peggy F. Drexler as president.
The Peggy and Millard Drexler is led by Peggy F. Drexler, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Peggy F. Drexler
President
On filings since 2020
5 hrs/week
No compensation reported
Millard S. Drexler
Chairman & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Peggy and Millard Drexler
How much does The Peggy and Millard Drexler give each year?
The Peggy and Millard Drexler gave $535K across 20 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $360K across 14 grants.
What is The Peggy and Millard Drexler's typical grant size?
The Peggy and Millard Drexler's median grant in 2024 was $10,000, and its average grant was $26,725, across 20 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Peggy and Millard Drexler that year got $16K on average.
Where does The Peggy and Millard Drexler give grants?
The Peggy and Millard Drexler gives mostly in New York: 77% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (19%). The most frequent recipient cities were New York, NY (16 grants).
Does The Peggy and Millard Drexler give general operating support?
Not in 2024: none of the 20 grants with a stated purpose on The Peggy and Millard Drexler's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (20 grants).
Who are The Peggy and Millard Drexler's largest grantees?
The Peggy and Millard Drexler's largest 2024 grantees include Columbia University ($125,000), Sylvester Comprehensive Cancer Center ($100,000) and Newyorkpresbyterianfundinc ($50,000), according to its 2024 IRS Form 990-PF. Together they received 51% of its itemized 2024 grant dollars.
How large is The Peggy and Millard Drexler?
The Peggy and Millard Drexler reported $7.6M in total assets on its 2024 IRS Form 990-PF. It paid out $837K in qualifying distributions that year, against a required minimum of $985K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Peggy and Millard Drexler fund?
No mission statement for the foundation is provided. Its grants show support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from The Peggy and Millard Drexler?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Peggy and Millard Drexler's EIN?
The Peggy and Millard Drexler's EIN (Employer Identification Number) is 52-2106490. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Peggy and Millard Drexler accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Peggy and Millard Drexler funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/the-peggy-and-millard-drexler-morg_940e528fdd5b4ca79319f7a0b50ed750
BibTeX
@misc{grantable_522106490_2026,
author = {{Grantable}},
title = {{The Peggy and Millard Drexler funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-peggy-and-millard-drexler-morg_940e528fdd5b4ca79319f7a0b50ed750},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Peggy and Millard Drexler's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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