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Drake Family Foundation Inc. is a private corporation based in CARSON CITY, NV. The foundation received its IRS ruling in 2002. The principal officer is Peter F Drake. It holds total assets of $293K. Annual income is reported at N/A. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Drake Family Foundation Inc. has made 7 grants totaling $40K, with a median grant of $5K. The foundation has distributed between $20K and $20K annually from 2020 to 2022. Individual grants have ranged from $5K to $10K, with an average award of $6K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in California and Colorado. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Drake Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in CA, CO.
Drake Family Foundation Inc. has distributed a total of $40K across 7 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $5K to $10K.
Drake Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Drake Family Foundation Inc. is headquartered in CARSON CITY, NV. While based in NV, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter F Drake | DIRECTOR | $0 | $0 | N/A |
| Porter E Drake | DIRECTOR | $0 | $0 | N/A |
| Debra A Drake | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Armin B Drake | SECRETARY/DIRECTOR | $0 | $0 | N/A |
Total Giving
$20K
Total Assets
$293K
Fair Market Value
$157K
Net Worth
$266K
Grants Paid
$13K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$9K
Total Grants
7
Total Giving
$40K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
5
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Face FoundationGENERAL SUPPORT | San Diego, CA | $5K | 2022 |
| Workshops For WarriorsGENERAL SUPPORT | San Diego, CA | $5K | 2022 |
| Testicular Cancer Awareness FoundationGENERAL SUPPORT | Grand Junction, CO | $5K | 2022 |
| Change For AlsGENERAL SUPPORT | Redondo Beach, CA | $5K | 2022 |
| The Face FoundationGENERAL SUPPORT | San Diego, CA | $5K | 2020 |