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Douglas Drane Charitable Trust is a private trust based in GLOUCESTER, MA. The foundation received its IRS ruling in 1998. The principal officer is % Drane Associates Lp. It holds total assets of $1.1M. Annual income is reported at $54K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Douglas Drane Charitable Trust has made 22 grants totaling $415K, with a median grant of $11K. Annual giving has grown from $105K in 2020 to $192K in 2022. Individual grants have ranged from $1K to $50K, with an average award of $19K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Massachusetts, Texas, Virginia, which account for 91% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Douglas Drane Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in MA, TX, VA.
Douglas Drane Charitable Trust has distributed a total of $415K across 22 grants. The median grant size is $11K, with an average of $19K. Individual grants have ranged from $1K to $50K.
Douglas Drane Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Douglas Drane Charitable Trust is headquartered in GLOUCESTER, MA. While based in MA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Douglas Drane | Trustee | $0 | $0 | $0 |
| Alexandra M Drane | Trustee | $0 | $0 | $0 |
| Randell B Drane | Trustee | $0 | $0 | $0 |
Total Giving
$159K
Total Assets
$1.2M
Fair Market Value
$1.8M
Net Worth
$1.2M
Grants Paid
$140K
Contributions
$0
Net Investment Income
$35K
Distribution Amount
$87K
Total: $980K
Total Grants
22
Total Giving
$415K
Average Grant
$19K
Median Grant
$11K
Unique Recipients
9
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Massachusetts General Hospitalunrestricted | Boston, MA | $50K | 2022 |
| Beth Israel Deaconess Medicalunrestricted charitable purposeunrestricted | Boston, MA | $30K | 2022 |
| Boston Children'S Hospitalunrestricted | Boston, MA | $5K | 2022 |
| Coalition To Transform Advanced Careunrestricted | Washington, DC | $5K | 2022 |
| Foundation For Art And Healingunrestricted | Brookline, MA | $5K | 2022 |
| Jitegemee Incunrestricted | Amherst, MA | $1K | 2022 |
| St Edwards Universityunrestricted | Austin, TX | $15K | 2021 |
| United States Of Careunrestricted | Arington, VA | $13K | 2021 |
| Flower Hill Foundationunrestricted | Austin, TX | $30K | 2020 |
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