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Drexel Funds is a private corporation based in SOUTH BEND, IN. The foundation received its IRS ruling in 2014. It holds total assets of $21.6M. Annual income is reported at $9.3M. The foundation operates in the area of education. According to available records, Drexel Funds has made 130 grants totaling $9.1M, with a median grant of $39K. The foundation has distributed between $4.1M and $4.5M annually from 2022 to 2023. Individual grants have ranged from $262 to $1M, with an average award of $72K. The foundation has supported 62 unique organizations. The foundation primarily supports organizations in Florida, Wisconsin, Louisiana, which account for 56% of all grants. Grantmaking reaches organizations across 16 states. Contributions to this foundation are tax-deductible.
Drexel Funds primarily funds organizations in the area of education. Based on available records, the foundation has funded 130 grants. Its grantmaking reaches organizations primarily in FL, WI, LA.
Drexel Funds has distributed a total of $9.1M across 130 grants. The median grant size is $39K, with an average of $72K. Individual grants have ranged from $262 to $1M.
Drexel Funds typically selects its grantees rather than accepting unsolicited proposals.
Drexel Funds is headquartered in SOUTH BEND, IN. While based in IN, the foundation distributes grants to organizations across 16 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Eriksen | MANAGING PARTNER | $272K | $30K | $302K |
| Abigail Schumwinger | TRUSTEE | $0 | $0 | $0 |
| Darla Romfo | TRUSTEE | $0 | $0 | $0 |
| Michael Messner | TRUSTEE | $0 | $0 | $0 |
| Darren Jackson | SECRETARY | $0 | $0 | $0 |
Total Giving
$3.5M
Total Assets
$17.5M
Fair Market Value
$17.5M
Net Worth
$16.2M
Grants Paid
$2.8M
Contributions
$5.1M
Net Investment Income
$67K
Distribution Amount
$174K
Total: $4.9M
Total Grants
130
Total Giving
$9.1M
Average Grant
$72K
Median Grant
$39K
Unique Recipients
62
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Basilica School Of St Mary'S Star Of The SeaNETWORK GRANTS | Key West, FL | $1M | 2023 |
| King'S Academy (Tusculum Hills Baptist Church)START-UP GRANTS | Nashville, TN | $275K | 2023 |
| Julie BilliartNETWORK GRANTS | Lyndhurst, OH | $250K | 2023 |
| Partnership SchoolsOTHER SCHOOL SUPPORT | New York, NY | $185K | 2023 |
| Great Hearts FoundationNETWORK GRANTS | Phoenix, AZ | $150K | 2023 |
Other foundations that have funded Drexel Funds.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Wilson Sheehan Foundation | $653K | 2022 | GENERAL OPERATIONS |
| Wilson Sheehan Foundation | $653K | 2022 | GENERAL OPERATIONS |
| Wilson Sheehan Foundation | $653K | 2022 | GENERAL OPERATIONS |
| Wilson Sheehan Foundation | $653K | 2022 | GENERAL OPERATIONS |
| Wilson Sheehan Foundation |
| Nick Howley |
| TRUSTEE |
| $0 |
| $0 |
| $0 |
| Thomas J Healey | TREASURER | $0 | $0 | $0 |
| Christopher Wilson | TRUSTEE | $0 | $0 | $0 |
| Bj Cassin | CHAIRMAN | $0 | $0 | $0 |
| Christian School System Dba Indy West ChristianNETWORK GRANTS | Indianapolis, IN | $150K | 2023 |
| Cristo Rey Network Atlanta Jesuit High SchoolNETWORK GRANTS | Atlanta, GA | $150K | 2023 |
| Cristo Rey Research Triangle Hs NcNETWORK GRANTS | Durham, NC | $150K | 2023 |
| Icon Preparatory School ClevelandNETWORK GRANTS | Cleveland, OH | $150K | 2023 |
| Icon Preparatory SchoolNETWORK GRANTS | Tampa, FL | $125K | 2023 |
| Aba Healing AcademyNETWORK GRANTS | New Orleans, LA | $115K | 2023 |
| Cristo Rey Miami High SchoolOTHER SCHOOL SUPPORT | North Miami, FL | $88K | 2023 |
| Sailfuture AcademySTART-UP GRANTS | St Petersburg, FL | $88K | 2023 |
| Coolanu Inc Dba Torah 4 EveryoneFOUNDERS PROGRAM EXPENSES | N Miami Beach, FL | $85K | 2023 |
| The Way AcademyFOUNDERS STIPEND | Minneola, FL | $80K | 2023 |
| Liberty AcademyLEARNING PLAN EXPENSES | Columbus, IN | $75K | 2023 |
| Link School Baton RougeLEARNING PLAN EXPENSES | Baton Rouge, LA | $68K | 2023 |
| Bader Hillel High SchoolOTHER SCHOOL SUPPORT | Glendale, WI | $65K | 2023 |
| Hope Youth RanchNETWORK GRANTS | Hudson, FL | $60K | 2023 |
| Stars Autism Schools FoundationOTHER SCHOOL SUPPORT | Miami, FL | $60K | 2023 |
| Blazing Stars Montessori SchoolNETWORK GRANTS | Dade City, FL | $52K | 2023 |
| Seton Education PartnersOTHER SCHOOL SUPPORT | New York, NY | $50K | 2023 |
| Seton Education Partners (Romero Academy At Annunciation)NETWORK GRANTS | Cincinnati, OH | $50K | 2023 |
| The Julie Billiart SchoolNETWORK GRANTS | Lyndhurst, OH | $50K | 2023 |
| Ecclesial Schools InitiativeOTHER SCHOOL SUPPORT | Oviedo, FL | $50K | 2023 |
| Shepherd'S Watch Christian AcademyNETWORK GRANTS | Mattoon, WI | $35K | 2023 |
| Desert Peach Montessori SchoolNETWORK GRANTS | Reno, NV | $33K | 2023 |
| Hyacinth Montessori SchoolNETWORK GRANTS | Philadelphia, PA | $25K | 2023 |
| Kenosha Christian AcademyNETWORK GRANTS | Kenosha, WI | $25K | 2023 |
| Notre Dame School Of MilwaukeeNETWORK GRANTS | Milwaukee, WI | $25K | 2023 |
| Cristo Rey Network - OrlandoPLANNING GRANTS | Chicago, IL | $25K | 2023 |
| Autism Inspired AcademyOTHER SCHOOL SUPPORT | Clearwater, FL | $25K | 2023 |
| Jupiter Christian SchoolNETWORK GRANTS | West Palm Beach, FL | $23K | 2023 |
| Westside Christian SchoolSTART-UP GRANTS | Columbus, OH | $22K | 2023 |
| Cristo Rey Philadelphia High SchoolSTART-UP GRANTS | Philadelphia, PA | $20K | 2023 |
| Azalea Montessori SchoolNETWORK GRANTS | Norwood, OH | $10K | 2023 |
| Cristo Rey MilwaukeeNETWORK GRANTS | Milwaukee, WI | $7K | 2023 |
| St Marcus Lutheran SchoolNETWORK GRANTS | Milwaukee, WI | $480K | 2022 |
| Misericordia Career And Technical EducationSTART-UP GRANTS | Stuart, FL | $172K | 2022 |
| Gretchen StewartFY22 FOUNDER STIPEND | New Port Richey, FL | $100K | 2022 |
| St Augustine Preparatory AcademySTART-UP GRANTS | Milwaukee, WI | $100K | 2022 |
| Adia WellsFY22 FOUNDER STIPEND | Shreveport, LA | $80K | 2022 |
| Brandy WilliamsFY22 FOUNDER STIPEND | New Orleans, LA | $75K | 2022 |
| South Bend Montessori High SchoolOTHER SCHOOL SUPPORT | South Bend, IN | $54K | 2022 |
| Mercy Education System Of The AmericasSTART-UP GRANTS | Silver Spring, MD | $50K | 2022 |
| Cristo Rey St Viator Las Vegas College PreparatoryOTHER SCHOOL SUPPORT | North Las Vegas, NV | $50K | 2022 |
| Ignite ClassicalLEARNING PLAN EXPENSES | Shreveport, LA | $38K | 2022 |
| Gsc Youth Athletic Association (Arizona Urban Youth Foundation)PLANNING GRANTS | Tolleson, AZ | $25K | 2022 |
| Generation SuccessLEARNING PLAN EXPENSES | New Orleans, LA | $25K | 2022 |
| Smart Moves AcademyFOUNDERS PROGRAM EXPENSES | New Port Richey, FL | $23K | 2022 |
| $653K |
| 2022 |
| GENERAL OPERATIONS |
| Wilson Sheehan Foundation | $653K | 2022 | GENERAL OPERATIONS |
| Wilson Sheehan Foundation | $445K | 2021 | GENERAL OPERATIONS |
| Wilson Sheehan Foundation | $581K | 2020 | GENERAL OPERATIONS |
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