Louis R Draughon Foundation

Organization Overview

Louis R Draughon Foundation is located in Birmingham, AL. The organization was established in 1983. 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. Louis R Draughon 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 12/2021, Louis R Draughon Foundation generated $523.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $499.2k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Louis R Draughon Foundation has awarded 63 individual grants totaling $1,075,200. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $120,779
Net Rental Income-$12,509
Net Gain on Sale of Assets $387,602
Capital Gain Net Income $387,602
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $953
Total Revenue $523,734

Grants Awarded

Over the last fiscal year, Louis R Draughon Foundation has awarded $375,200 in support to 17 organizations.

Grant RecipientAmount

MAIN STREET CHURCH OF CHRIST

PURPOSE: GENERAL SUPPORT GRANT

$100,000

FREED-HARDEMAN UNIVERSITY

Org PageRecipient Profile

Henderson, TN

PURPOSE: GENERAL SUPPORT GRANT

$100,000

LIPSCOMB UNIVERSITY

Org PageRecipient Profile

Nashville, TN

PURPOSE: GENERAL OPERATING

$85,000

ROBERTSON COUNTY YMCA

PURPOSE: GENERAL SUPPORT GRANT

$12,500

EZELL-HARDING CHRISTIAN SCHOOL

PURPOSE: GENERAL SUPPORT GRANT

$7,500

AGAPE

PURPOSE: GENERAL SUPPORT GRANT

$7,500
View Grant Profile

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