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Also known as: FOUNDATION C/O WELLS FARGO BANK NA
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Walter N And Alberta H Drake Foundation is a private trust based in SAINT LOUIS, MO. The foundation received its IRS ruling in 2015. The principal officer is Wells Fargo Bank Na. It holds total assets of $5.2M. Annual income is reported at $883K. Total assets have grown from N/A in 2013 to $5.2M in 2024. The foundation is governed by 2 officers and trustees. 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 2017 to 2024. The foundation primarily funds organizations in Missouri, Colorado and New York. According to available records, Walter N And Alberta H Drake Foundation has made 30 grants totaling $1.2M, with a median grant of $44K. Annual giving has grown from $250K in 2020 to $700K in 2022. Individual grants have ranged from $30K to $50K, with an average award of $40K. The foundation has supported 16 unique organizations. The foundation primarily supports organizations in Colorado, Missouri, Tennessee, which account for 80% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$30K
Median Grant
$30K
Average Grant
$36K
Largest Grant
$50K
Based on 7 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.
Walter N And Alberta H Drake Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in CO, MO, TN.
Walter N And Alberta H Drake Foundation has distributed a total of $1.2M across 30 grants. The median grant size is $44K, with an average of $40K. Individual grants have ranged from $30K to $50K.
Walter N And Alberta H Drake Foundation typically selects its grantees rather than accepting unsolicited proposals.
Walter N And Alberta H Drake Foundation is headquartered in SAINT LOUIS, MO. While based in MO, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wells Fargo Bank Na | TRUSTEE | $57K | $0 | $57K |
| Nancy Wiseman | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$5.2M
Fair Market Value
N/A
Net Worth
$5.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
30
Total Giving
$1.2M
Average Grant
$40K
Median Grant
$44K
Unique Recipients
16
Most Common Grant
$44K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Project HelpingPROVIDE ASSISTANCE TO SENIORS | Denver, CO | $30K | 2021 |
| Pikes Peak Hospice And Palliative Care IncPALLIATIVE CARE | Colorado Springs, CO | $44K | 2022 |
| Wounded Warrior ProjectVETERAN SUPPORT | Colorado Springs, CO | $44K | 2022 |
| Alzheimers Foundation Of AmericaPROVIDE ASSISTANCE | New York, NY | $44K | 2022 |
| Goodwill Of Southern And Western ColoradoPROVIDE ASSISTANCE TO ALL | Colorado Springs, CO | $44K | 2022 |
| American Lebanese Syrian Assoc Charities IncTREATS CHILDHOOD CANCER | Memphis, TN | $44K | 2022 |
| Guidestone Fin Resources Of The Southern Baptist ConventionPROVIDES FOR THE POOR | Dallas, TX | $44K | 2022 |
| Gary Sinise FoundationVETERAN SUPPORT | Nashville, TN | $44K | 2022 |
| Silver Key Senior ServicesPROVIDE ASSISTANCE TO SENIORS | Colorado Springs, CO | $44K | 2022 |
| Watered GardensHELP THE POOR IN JESUS' NAME | Joplin, MO | $50K | 2021 |
| Community Clinic Of Southwest MoPROVIDE MEDICAL CARE FOR SENIORS | Joplin, MO | $40K | 2021 |
| Mayo ClinicCLINIC PATIENT BILLS | Rochester, MN | $40K | 2021 |
| Mercy Health FoundationCOMPASSIONATE CARE AND SERVICE TO CO | Chesterfield, MO | $30K | 2021 |
| Crosslines Ministries JoplinSERVICES FOR THE ELDERLY | Joplin, MO | $30K | 2021 |
| Freeman Health SystemPALLIATIVE CARE FUND | Joplin, MO | $30K | 2021 |
| Stephen Siller Tunnel To Towers FdnSMART HOME PROGRAM | Staten Island, NY | $30K | 2020 |