The Drexel Fund
Preselected recipients only
The Drexel Fund is a private foundation in South Bend, Indiana. In tax year 2024 it gave $3.7 million in 55 grants; the typical grant was $56,000 and the largest $275,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$3.7 million
- Number of grants55
- Typical grant$56,000
- Largest grant$275,000
- Assets$2.4 million
- New grantees71%
Giving in 2024 was up from $2.8 million the year before.
71% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $4.1 million | 40 | $16.8 million |
| 2023 | $2.8 million | 31 | $17.5 million |
| 2024 | $3.7 million | 55 | $2.4 million |
How to apply
The Drexel Fund says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What The Drexel Fund funds
Where it gives
Its grants went to recipients in 16 states, the most to Florida.
| State | Grants | Amount |
|---|---|---|
| Florida | 16 | $1.1 million |
| Wisconsin | 8 | $714,250 |
| California | 2 | $395,000 |
| Ohio | 9 | $380,075 |
| Tennessee | 4 | $221,000 |
| North Carolina | 3 | $183,750 |
| Georgia | 2 | $183,000 |
| Iowa | 1 | $150,000 |
| Indiana | 3 | $110,050 |
| New York | 1 | $80,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| St Augustine Preparatory | General support grant | $275,000 |
| Cristo Rey Orange County High School | General support grant | $200,000 |
| The Meaning Foundation (Primer) | General support grant | $195,000 |
| Cristo Rey Atlanta Jesuit High School | General support grant | $150,000 |
| Dubuque Dream Center Inc | General support grant | $150,000 |
| The Basilica School of St Mary Star of the Sea | General support grant | $150,000 |
| Cristo Rey Miami High School | General support grant | $125,000 |
| Lab School of Memphis Inc | General support grant | $124,000 |
| Coolanu Inc | General support grant | $100,000 |
| Icon Preparatory Jax and Tampa | General support grant | $100,000 |
| Icon Preparatory School Cleveland | General support grant | $100,000 |
| Notre Dame School of Milwaukee | General support grant | $100,000 |
| Yeshiva Toras Chaim Toras Emes | General support grant | $100,000 |
| Summit Christian Academy | General support grant | $95,000 |
| Cristo Rey Research Triangle Hs NC | General support grant | $93,750 |
| Infinite Potential Learning Academy | General support grant | $90,000 |
| Kenosha Christian Academy | General support grant | $88,000 |
| Liberty Academy | General support grant | $80,000 |
| Seton Education Partners | General support grant | $80,000 |
| Shepherds Watch Christian Academy | General support grant | $80,000 |
| Julie Billiart School | General support grant | $75,000 |
| Individual | Founders program | $75,000 |
| The Ecclesial Schools Initiative Inc | General support grant | $75,000 |
| The Light Preparatory Academy | Founders program | $73,481 |
| Individual | Founders program | $67,500 |
| Cristo Rey Seattle | General support grant | $62,500 |
| Tampa Torah Academy | General support grant | $60,000 |
| Learning Independence for Tomorrow Inc | General support grant | $56,000 |
| Individual | Founders program | $50,000 |
| Be Academy | General support grant | $50,000 |
| Cristo Rey Orlando High School Inc | General support grant | $50,000 |
| Emerald Coast Autism Center | General support grant | $48,000 |
| Life International Academy Inc | General support grant | $44,000 |
| Individual | Founders program | $42,075 |
| Pinyon Montessori | General support grant | $40,000 |
| Individual | Founders program | $37,500 |
| Individual | Founders program | $37,000 |
| Crown Prep Academy | General support grant | $35,000 |
| Gwinnett Global School | General support grant | $33,000 |
| Saint Martin de Porres | General support grant | $25,000 |
Officers and trustees
- BJ Cassin
- Thomas J Healey
- Nick Howley
- Darren Jackson
- Michael Messner
- Darla Romfo
- Abigail Schumwinger
- Christopher Wilson
- John Eriksen
- Mark Gleason
Questions people ask
Does The Drexel Fund accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Drexel Fund give?
$3.7 million in tax year 2024, across 55 grants, with a typical grant of $56,000.
Who runs The Drexel Fund?
Its 2024 filing lists BJ Cassin (Chairman Emeritus), Thomas J Healey (Treasurer), Nick Howley (Trustee) and Darren Jackson (Secretary) among 10 officers and trustees.
What does The Drexel Fund fund?
Based on its grants, mainly education, faith communities and international.