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EIN 46-5768451

The Drexel Fund

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Seattle
State
Washington
Year formed
2015
Most recent tax filings
2023-12-01
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
Description
The Drexel Fund is a private foundation located in Seattle, WA that primarily funds other school support such as start-up grants, seed grants, network grants, learning plan expenses, founders program expenses, planning grants, and fy22 founder stipend. It made 45 grants last year to various grantees including St Marcus Lutheran School and others.
Total revenues
$5,246,410
2023
Total expenses
$3,490,193
2023
Total assets
$17,453,395
2023
Num. employees
5
2023

Program areas at The Drexel Fund

Grants to faith based or private schools

Grants made by The Drexel Fund

GranteeGrant descriptionAmount
St Augustine Preparatory AcademyGeneral Support Grant$425,000
Cristo Rey Miami High SchoolGeneral Support Grant$137,000
The Ecclesial Schools InitiativeGeneral Support Grant$130,000
...and 13 more grants made

Who funds The Drexel Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Haslam 3 FoundationPrivate School Options$250,000
Speedwell FoundationEducation Projects Within the Drexel Fund. This Fund Invests in Financially Sustainable Schools Serving Low-Income Students in Any State With Publicly Funded Private School Choice.$250,000
Healey Family FoundationGeneral Support$100,000
...and 1 more grant received

Personnel at The Drexel Fund

NameTitleCompensation
John EriksenPartner and Founder$267,750
Heather BokonDirector of Operations$55,500
Aarushi PrabhakarInvestment Director$97,062
Eric OglesbeeFounders Program Director$115,500
Christa KeelPast Director of Finance and A$91,948
...and 1 more key personnel

Financials for The Drexel Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$5,133,941
Investment income and dividends$105,469
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$7,000
Total revenues$5,246,410

Form 990s for The Drexel Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990PFView PDF
2023-062024-05-09990PFView PDF
2022-062023-11-01990PFView PDF
2022-062023-05-15990PFView PDF
2021-062022-05-13990View PDF
...and 7 more Form 990s

Organizations like The Drexel Fund

OrganizationLocationRevenue
Great Falls Public Schools FoundationGreat Falls, MT$2,848,346
Bellevue Schools FoundationBellevue, WA$2,395,497
Stand Together FoundationArlington, VA$12,881,613
Math for AmericaNew York, NY$24,004,679
The Jackson FoundationDickson, TN$4,607,793
Ray FoundationNaples, FL$7,315,310
Coherent Ii-Vi FoundationPittsburgh, PA$2,182,971
The Eamon FoundationPittsburgh, PA$3,683,002
Sunshine Lady FoundationLebanon, TN$2,046,671
Womens Independence Scholarship ProgramWilmington, NC$1,582,154
Data update history
January 3, 2025
Received grants
Identified 1 new grant, including a grant for $250,000 from Speedwell Foundation
August 14, 2024
Posted financials
Added Form 990PF for fiscal year 2023
August 13, 2024
Updated personnel
Identified 2 new personnel
July 17, 2024
Used new vendors
Identified 1 new vendor, including
December 27, 2023
Received grants
Identified 1 new grant, including a grant for $9,781 from United Way of Greater Milwaukee and Waukesha County
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedTax deductible donationsAccepts online donations
General information
Address
212 Broadway E 22777
Seattle, WA 98102
Metro area
Seattle-Tacoma-Bellevue, WA
County
King County, WA
Website URL
drexelfund.org/ 
Phone
(617) 778-8118
IRS details
EIN
46-5768451
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0247871
FTB Entity ID
3677742
AB 488 data last updated ("as-of") date
2025-02-19
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