Carneal-Drew Foundation
- Assets
- $605.8k
- Revenue
- $43.9k
- Investments
- $504.1k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/1964
- Data as of
- 09/2022
- EIN
- 54-6051095
Organization Overview
Carneal-Drew Foundation is located in Richmond, VA. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carneal-Drew Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Carneal-Drew Foundation generated $43.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $64.1k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carneal-Drew Foundation has awarded 135 individual grants totaling $164,129. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William L Graham Secretary | 1 | $0 | |
Meade A Spotts President | 1 | $0 | |
Courtland Spotts IV Vp/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $26,204 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,731 |
| Capital Gain Net Income | $16,731 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $998 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $665 |
| Total operating and administrative expenses | $6,321 |
| Contributions, gifts, grants paid | $57,750 |
| Total expenses and disbursements | $64,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,629 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $51,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $605,769 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Carneal-Drew Foundation has awarded $57,750 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND BAPTIST CHURCH PURPOSE: DISCRETIONARY FUND | $13,000 |
WILLIAM MARY LAW SCHOOL PURPOSE: SCHOLARSHIP FUND. | $3,000 |
Richmond, VA PURPOSE: OPERATING FUND | $2,500 |
HAMPDEN SYDNEY COLLEGE PURPOSE: SCHOLARSHIP FUND | $2,000 |
CROSSOVER MINISTRIES PURPOSE: OPERATING FUND | $1,500 |
OPERATION UNDERGROUND RAILROAD PURPOSE: OPERATING FUND | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |