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Drake Foundation Inc. is a private corporation based in MIAMI, FL. The foundation received its IRS ruling in 2019. The principal officer is % The Organization. It holds total assets of $7. Annual income is reported at $1. FINANCE CHARITABLE AND PHILANTHROPIC INITIATIVES THROUGH SOCIAL DEVELOPMENT, POVERTY ALLEVIATION, THE PROMOTION OF CULTURAL, SPORTING & COMMUNITY DEVELOPMENT AND OTHER AREAS. According to available records, Drake Foundation Inc. has made 3 grants totaling $3M, with a median grant of $1M. Annual giving has grown from $1M in 2020 to $2M in 2022. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
FINANCE CHARITABLE AND PHILANTHROPIC INITIATIVES THROUGH SOCIAL DEVELOPMENT, POVERTY ALLEVIATION, THE PROMOTION OF CULTURAL, SPORTING & COMMUNITY DEVELOPMENT AND OTHER AREAS.
FINANCE CHARITABLE AND PHILANTHROPIC INITIATIVES THROUGH SOCIAL DEVELOPMENT, POVERTY ALLEVIATION, THE PROMOTION OF CULTURAL, SPORTING & COMMUNITY DEVELOPMENT AND OTHER AREAS. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in VA.
Drake Foundation Inc. has distributed a total of $3M across 3 grants. The median grant size is $1M, with an average of $1M. Individual grants have ranged from $1M to $1M.
Drake Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Drake Foundation Inc. is headquartered in MIAMI, FL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sara Schroter | PRESIDENT | $0 | $0 | $0 |
| Mairi Redmond | SECRETARY | $0 | $0 | $0 |
| Edmundo Gonzalez | TREASURER | $0 | $0 | $0 |
Total Giving
$0
Total Assets
$7
Fair Market Value
$7
Net Worth
$7
Grants Paid
$0
Contributions
$0
Net Investment Income
$0
Distribution Amount
$0
Total Grants
3
Total Giving
$3M
Average Grant
$1M
Median Grant
$1M
Unique Recipients
2
Most Common Grant
$1M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Atlas Economic Research Foundation Dba Atlas NetworkFUNDING FOR THE ATLAS ECONOMIC RESEARCH FOUNDATION. | Arlington, VA | $1M | 2022 |
| Center For Latin America Atlas NetworkAtlas Economic Research Foundation (1) coach activities (2) compete activities (3) celebrate activities (4) to provide salary and expense support for increases in staff | Arlington, VA | $1M | 2020 |
BUFFALO, NY
GASTONIA, NC
LOS ALTOS, CA
TORRANCE, CA
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL
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