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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 N/A. Annual income is reported at N/A. Total assets have grown from N/A in 2020 to N/A in 2023. The foundation is governed by 3 officers and trustees. Finance charitable and philanthropic initiatives through social development, poverty alleviation, the promotion of cultural, sporting & community development and other areas. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. 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 | N/A |
| Mairi Redmond | SECRETARY | $0 | $0 | N/A |
| Edmundo Gonzalez | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
N/A
Fair Market Value
N/A
Net Worth
N/A
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL