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Phillip E Drachman Charitable Trust is a private trust based in CINCINNATI, OH. The foundation received its IRS ruling in 2018. The principal officer is Heidi Jark Fifth Third Bank. It holds total assets of $2M. Annual income is reported at $234K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. 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, Phillip E Drachman Charitable Trust has made 1 grants totaling $266K, with a median grant of $266K. Grant recipients are concentrated in Indiana. Contributions to this foundation are tax-deductible.
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.
Phillip E Drachman Charitable Trust primarily funds organizations in the area of education. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in IN.
Phillip E Drachman Charitable Trust has distributed a total of $266K across 1 grants. The median grant size is $266K, with an average of $266K. Individual grants have ranged from $266K to $266K.
Phillip E Drachman Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Phillip E Drachman Charitable Trust is headquartered in CINCINNATI, OH.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Fifth Third Bank N A | TRUSTEE | $34K | $0 | $34K |
Total Giving
$285K
Total Assets
$2.2M
Fair Market Value
$4.8M
Net Worth
$2.2M
Grants Paid
$228K
Contributions
N/A
Net Investment Income
$430K
Distribution Amount
$219K
Total: $1.8M
Total Grants
1
Total Giving
$266K
Average Grant
$266K
Median Grant
$266K
Unique Recipients
1
Most Common Grant
$266K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of EvansvilleSCHOLARSHIP | Evansville, IN | $266K | 2022 |