Tom Drexler Charitable Trust

PITTSBURGH, PA EIN: 86-6522397

Tom Drexler Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 6 grants totaling $1.6M. Net investment income was $679K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.8M

-8.8% YoY

Annual Giving

$1.6M

+546.5% YoY

Grant Count

+20.0% YoY

Avg Grant Size

$267K

+438.7% YoY

Under IRS private-foundation payout rules, Tom Drexler Charitable Trust reported a distributable amount of $619K for 2024 — the minimum it must pay out in qualifying distributions.

About Tom Drexler Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $1.6M (77%)

Utah $260K (12%)

District of Columbia $100K (5%)

Louisiana $100K (5%)

Indiana $20K (1%)

States

District of Columbia Indiana Kentucky Louisiana Utah

Cities

EvansvilleLouisvilleMurrayNew OrleansWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$9,766,214	$10,712,561	$11,086,197
Revenue	$752,737	$-7,863	$10,299,863
Expenses	$1,705,892	$349,385	$323,072
Qualifying Distributions	$1,634,209	$263,644	$263,047
Net Investment Income	$679,286	$175,719	$241,103
Distributable Amount	$619,191	$567,938	$408,059

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Community Foundation of Louisville ($1,100,000), 502 Circle Nil Collective Foundation ($250,000), Giving Hope Nola ($100,000).

Recipient	Purpose	Amount
GIVING HOPE NOLA NEW ORLEANS, LA	BUILDING OF SAFE HOUSE FOR	$100,000
GILDA'S CLUB LOUISVILLE, KY	GENERAL SUPPORT	$25,000
UNIVERSITY OF LOUISVILLE FOUNDATION LOUISVILLE, KY	GENERAL SUPPORT	$100,000
COMMUNITY FOUNDATION OF LOUISVILLE LOUISVILLE, KY	GENERAL SUPPORT	$1,100,000
HARBOR HOUSE OF LOUISVILLE LOUISVILLE, KY	GENERAL SUPPORT	$25,000
502 CIRCLE NIL COLLECTIVE FOUNDATION LOUISVILLE, KY	GENERAL SUPPORT	$250,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK N A	TRUSTEE	18	$85,523

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Tom Drexler Charitable Trust?

Tom Drexler Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. It holds $9.8M in total assets as of 2024.

How large is Tom Drexler Charitable Trust?

As of 2024, Tom Drexler Charitable Trust holds $9.8M in total assets with $753K in annual revenue. It awarded 6 grants totaling $1.6M in 2024.

Where does Tom Drexler Charitable Trust operate?

Tom Drexler Charitable Trust has awarded grants in District of Columbia, Indiana, Kentucky, Louisiana, Utah.

What size grants does Tom Drexler Charitable Trust award?

In 2024, Tom Drexler Charitable Trust awarded 6 grants totaling $1.6M — an average of about $267K per grant, based on its IRS Form 990 filings.

How much is Tom Drexler Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Tom Drexler Charitable Trust reported a distributable amount of $619K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.