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Drake Lovejoy Foundation Trust is a private trust based in PITTSBURGH, PA. The foundation received its IRS ruling in 2009. The principal officer is Pnc Bank. It holds total assets of $373K. Annual income is reported at $94K. Total assets have grown from $309K in 2010 to $378K in 2023. The foundation is governed by 1 officer or trustee. 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 2016 to 2024. The foundation primarily funds organizations in Pennsylvania, Michigan and Maryland. According to available records, Drake Lovejoy Foundation Trust has made 15 grants totaling $100K, with a median grant of $7K. The foundation has distributed between $18K and $43K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $43K distributed across 6 grants. Individual grants have ranged from $6K to $7K, with an average award of $7K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Pennsylvania and Maryland and Michigan. Contributions to this foundation are tax-deductible.
Smallest Grant
$7K
Median Grant
$7K
Average Grant
$7K
Largest Grant
$7K
Based on 3 grants from the most recent 990-PF filing.
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 Lovejoy Foundation Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in PA, MD, MI.
Drake Lovejoy Foundation Trust has distributed a total of $100K across 15 grants. The median grant size is $7K, with an average of $7K. Individual grants have ranged from $6K to $7K.
Drake Lovejoy Foundation Trust typically selects its grantees rather than accepting unsolicited proposals.
Drake Lovejoy Foundation Trust is headquartered in PITTSBURGH, PA. While based in PA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Pnc Bank N A | TRUSTEE | $490 | $0 | $490 |
Total Giving
$19K
Total Assets
$378K
Fair Market Value
$424K
Net Worth
$378K
Grants Paid
$18K
Contributions
N/A
Net Investment Income
$12K
Distribution Amount
$20K
Total Grants
15
Total Giving
$100K
Average Grant
$7K
Median Grant
$7K
Unique Recipients
3
Most Common Grant
$7K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Williamson Free School OfGENERAL SUPPORT | Media, PA | $6K | 2024 |
| Bixlers United Methodist ChurchGENERAL SUPPORT | Manchester, MD | $6K | 2024 |
| Albion CollegeGENERAL SUPPORT | Albion, MI | $6K | 2024 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA