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Paul E And Elaine C Drack Family Foundation Inc. is a private corporation based in CINCINNATI, OH. The foundation received its IRS ruling in 2017. The principal officer is Elaine Drack. It holds total assets of $482K. Annual income is reported at $334K. Total assets have grown from $127K in 2019 to $482K in 2024. The foundation is governed by 3 officers and trustees. The Foundation is a nonoperating grant making foundation. It makes gifts to qualifying charitable organizations. The foundation received its tax-exempt determination letter from the IRS on 12/7/18; therefore its direct direct charitable activities were limited to the authorization of charitable distributions listed in part XV. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. The foundation primarily funds organizations in Ohio, Tennessee and Florida. According to available records, Paul E And Elaine C Drack Family Foundation Inc. has made 40 grants totaling $70K, with a median grant of $1K. Annual giving has grown from $15K in 2020 to $37K in 2022. Individual grants have ranged from $200 to $4K, with an average award of $2K. The foundation has supported 10 unique organizations. Grants have been distributed to organizations in Ohio and Tennessee and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$300
Median Grant
$1K
Average Grant
$2K
Largest Grant
$4K
Based on 10 grants from the most recent 990-PF filing.
The Foundation is a nonoperating grant making foundation. It makes gifts to qualifying charitable organizations. The foundation received its tax-exempt determination letter from the IRS on 12/7/18; therefore its direct direct charitable activities were limited to the authorization of charitable distributions listed in part XV.
The Foundation is a nonoperating grant making foundation. It makes gifts to qualifying charitable organizations. The foundation received its tax-exempt determination letter from the IRS on 12/7/18; therefore its direct direct charitable activities were limited to the authorization of charitable distributions listed in part XV. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in OH, TN, FL.
Paul E And Elaine C Drack Family Foundation Inc. has distributed a total of $70K across 40 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $200 to $4K.
Paul E And Elaine C Drack Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Paul E And Elaine C Drack Family Foundation Inc. is headquartered in CINCINNATI, OH. While based in OH, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen Sullivan | DIRECTOR | $0 | $0 | N/A |
| Elaine Drack | DIRECTOR | $0 | $0 | N/A |
| Kathleen Gaughan | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$482K
Fair Market Value
N/A
Net Worth
$482K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
40
Total Giving
$70K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
10
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyUNRESTRICTED | Cincinnati, OH | $4K | 2022 |
| University Of Cincinnati FoundationUNRESTRICTED | Cincinnati, OH | $4K | 2022 |
| Matthew 25 MinistriesUNRESTRICTED | Cincinnati, OH | $3K | 2022 |
| American Heart AssociationUNRESTRICTED | Cincinnati, OH | $3K | 2022 |
| St Jude Childrens Research HospitalUNRESTRICTED | Cincinnati, TN | $1K | 2022 |
| Cincinnati Childrens HospitalUNRESTRICTED | Cincinnati, OH | $1K | 2022 |
| Wounded Worrior ProjectUNRESTRICTED | Cincinnati, FL | $800 | 2022 |
| Ronald Mcdonald HouseUNRESTRICTED | Cincinnati, OH | $750 | 2022 |
| Animal Friends Humane SocietyUNRESTRICTED | Cincinnati, OH | $500 | 2022 |
| Arts WaveUNRESTRICTED | Cincinnati, OH | $300 | 2022 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH