Walter N & Alberta H Drake Foundation
Walter N & Alberta H Drake Foundation is a private foundation, based in Saint Louis, MO. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.3M in total assets. In 2025, it awarded 6 grants totaling $300K. Net investment income was $469K.
Walter N & Alberta H Drake Foundation at a glance
In short: Walter N & Alberta H Drake Foundation gave $300K across 6 grants in 2025 (avg $50K), top state Missouri. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $299,999
- +0.0% vs 2024
- Grants made (2025)
- 6
- -33.3% vs 2024
- Average grant
- $50,000
- +50.0% vs 2024
- Median grant
- $41,667
- Total assets
- $5,285,608
- +1.7% vs 2024
- Primary geography
- Missouri (44% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Walter N & Alberta H Drake Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Pikes Peak Hospice and Palliative Care Inc ($100K). Together the top 6 received $300K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 35 grants of 39 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Walter N & Alberta H Drake Foundation gives
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $250K (2020) to $350K (2022). In 2025 it made 6 grants totaling $300K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pikes Peak Hospice and Palliative Care Inc Colorado Springs, CO | Palliative Care | $100,000 |
| Crosslines Churches of the Joplin Area Inc Joplin, MO | Services for the Elderly | $50,000 |
| Ozarks Food Harvest Inc Springfield, MO | Provides for Hunger Relief | $50,000 |
| Guidestone Fin Resources of the Southern Baptist Convention Dallas, TX | Provides for the Poor | $33,333 |
| Watered Gardens Joplin, MO | Unrestricted Support. | $33,333 |
| Wounded Warrior Project Colorado Springs, CO | Veteran Support | $33,333 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,285,608 | $468,570 | $378,339 | $299,999 | 6 | $326,429 | $468,570 | $367,694 |
| 2024 | $5,195,377 | $328,720 | $372,902 | $299,997 | 9 | $324,443 | $328,720 | $351,236 |
| 2023 | $5,239,559 | $127,131 | $366,101 | $299,997 | 9 | $322,787 | $178,929 | $323,611 |
| 2022 | $5,478,529 | $263,721 | $424,255 | $350,000 | 8 | $373,688 | $263,721 | $330,594 |
| 2021 | $5,639,063 | $443,472 | $319,624 | $250,000 | 7 | $278,187 | $443,282 | $362,435 |
| 2020 | $5,515,215 | $188,810 | $315,800 | $250,000 | 7 | — | $161,641 | $314,469 |
Under IRS private-foundation payout rules, Walter N & Alberta H Drake Foundation reported a distributable amount of $368K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walter N & Alberta H Drake Foundation's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Wells Fargo Bank NA
Trustee
On filings since 2021
1 hr/week
$63K (2021) → $66K (2025)
Nancy Wiseman
Trustee
Advisory Com → Trustee, 2021
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: John Wiseman (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $66K, to Wells Fargo Bank NA (Trustee).
Frequently asked questions about Walter N & Alberta H Drake Foundation
How much does Walter N & Alberta H Drake Foundation give each year?
Walter N & Alberta H Drake Foundation gave $300K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $300K across 9 grants.
What is Walter N & Alberta H Drake Foundation's typical grant size?
Walter N & Alberta H Drake Foundation's median grant in 2025 was $41,667, and its average grant was $50,000, across 6 grants on its 2025 IRS Form 990-PF.
Where does Walter N & Alberta H Drake Foundation give grants?
Walter N & Alberta H Drake Foundation's top state is Missouri, with 44% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Colorado (44%) and Texas (11%). The most frequent recipient cities were Colorado Springs, CO (2 grants) and Joplin, MO (2 grants).
Does Walter N & Alberta H Drake Foundation give general operating support?
Yes: 17% of Walter N & Alberta H Drake Foundation's 2025 grants with a stated purpose (1 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Walter N & Alberta H Drake Foundation's largest grantees?
Walter N & Alberta H Drake Foundation's largest 2025 grantees include Pikes Peak Hospice and Palliative Care Inc ($100,000), Crosslines Churches of the Joplin Area Inc ($50,000) and Ozarks Food Harvest Inc ($50,000), according to its 2025 IRS Form 990-PF. Together they received 67% of its itemized 2025 grant dollars.
How large is Walter N & Alberta H Drake Foundation?
Walter N & Alberta H Drake Foundation reported $5.3M in total assets on its 2025 IRS Form 990-PF. It paid out $326K in qualifying distributions that year, against a required minimum of $368K (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 is Walter N & Alberta H Drake Foundation's EIN?
Walter N & Alberta H Drake Foundation's EIN (Employer Identification Number) is 46-5467431. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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