Private Foundation

THE DREXEL FUND

Based in SOUTH BEND, IN, THE DREXEL FUND operates as a Private Foundation. The organization reported $9.3M in revenue, $5.7M in expenses, $21.6M in total assets for fiscal year 2024. Imperigo tracks 314 reported grants from this foundation totaling approximately $31.0M.

EIN: 465768451 SOUTH BEND, IN Fund Raising & Fund Distribution NTEE: B12 Latest filing: 2024
Total Revenue$9.3M
Total Expenses$5.7M
Total Assets$21.6M
Grants Given314
Grant Total$31.0M
Filing Years2020–2024

Where $100 goes at The Drexel Fund

How The Drexel Fund divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$88 Programs the work itself
$11 Management running the organization
$1 Fundraising raising the next dollar

Inside the $88 for programs

$88
Grants to faith based or private schools
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Before you apply to The Drexel Fund

Preselected only Doesn't accept unsolicited requests for funds, per its 2024 Form 990-PF.

Often funds new orgs 61% of recent recipients were first-time grantees (2022–2024).

Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.

Sample Grants Given

ST AUGUSTINE PREPARATORY
MILWAUKEE, WI · 2024
GENERAL SUPPORT GRANT
$275,000
CRISTO REY ORANGE COUNTY HIGH SCHOOL
SANTA ANA, CA · 2024
GENERAL SUPPORT GRANT
$200,000
THE MEANING FOUNDATION (PRIMER)
LOS ANGELES, CA · 2024
GENERAL SUPPORT GRANT
$195,000
DUBUQUE DREAM CENTER INC
DUBUQUE, IA · 2024
GENERAL SUPPORT GRANT
$150,000
CRISTO REY ATLANTA JESUIT HIGH SCHOOL
ATLANTA, GA · 2024
GENERAL SUPPORT GRANT
$150,000

Showing up to 5 of 314 total records — full history available with membership.

Officers & Directors

TRUSTEE Abigail Schumwinger
CHAIRMAN EMERITUS Bj Cassin
TRUSTEE Christopher Wilson
TRUSTEE Darla Romfo
SECRETARY Darren Jackson
CHAIRMAN John Eriksen

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$18,802,326 137 grants
General Support
$12,255,481 159 grants
Religion & Spirituality
$100,000 1 grant
Economic Development
$7,250 1 grant
Unspecified
$318,872 12 grants

Financial Trends

Year Revenue Expenses Assets
2024 $9.3M $5.7M $21.6M
2023 $5.2M $3.5M $17.5M
2022 $3.6M $3.5M $18.4M
2021 $8.5M $4.2M $18.5M
2020 $10.6M $4.4M $15.5M

Between 2020 and 2024, reported annual revenue declined from $10.6M to $9.3M (-12%), with total assets most recently reported at $21.6M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in AL, AR, AZ, CA, DC, FL, and 4 other states.

ALARAZCADCFLGAIAILIN

Full geographic grant map with state-by-state breakdown available with membership.

Similar Organizations in IN

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SOUNDS OF SOUTH INC BLOOMINGTON HIGH SCHOOL SOUTH
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Browse all nonprofits & foundations in South Bend, →

See the full picture for THE DREXEL FUND

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