The Indiana State Capitol

Form 990-PFTax year 2024EIN 46-5768451

The Drexel Fund

A private foundation in South Bend, IN. Its return for tax year 2024 lists 55 grants and $3.7 million paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

4 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $3,716,156

    Grants listed
    55
    Assets, end of year
    $21,553,287
  • Tax year 2023

    $2,629,247

    Grants listed
    31
    Assets, end of year
    $17,453,395
  • Tax year 2022

    $4,069,792

    Grants listed
    40
    Assets, end of year
    $16,789,048
  • Tax year 2021

    $2,254,064

    Grants listed
    45
    Assets, end of year
    $18,444,694

Grants paid in 2024

55 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. St Augustine PreparatoryMilwaukee, WI

    General support grant

    $275,000
  2. Cristo Rey Orange County High SchoolSanta Ana, CA

    General support grant

    $200,000
  3. The Meaning Foundation (primer)Los Angeles, CA

    General support grant

    $195,000
  4. Cristo Rey Atlanta Jesuit High SchoolAtlanta, GA

    General support grant

    $150,000
  5. Dubuque Dream Center IncDubuque, IA

    General support grant

    $150,000
  6. The Basilica School of St Mary Star of the SeaKey West, FL

    General support grant

    $150,000
  7. Cristo Rey Miami High SchoolNorth Miami, FL

    General support grant

    $125,000
  8. Lab School of Memphis IncMemphis, TN

    General support grant

    $124,000
  9. Coolanu IncN Miami Beach, FL

    General support grant

    $100,000
  10. Icon Preparatory Jax and TampaTampa, FL

    General support grant

    $100,000
  11. Icon Preparatory School ClevelandCleveland, OH

    General support grant

    $100,000
  12. Notre Dame School of MilwaukeeW Milwaukee, WI

    General support grant

    $100,000
  13. Yeshiva Toras Chaim Toras EmesMiami, FL

    General support grant

    $100,000
  14. Summit Christian AcademyMenomonie, WI

    General support grant

    $95,000
  15. Cristo Rey Research Triangle HS NCDurham, NC

    General support grant

    $93,750
  16. Infinite Potential Learning AcademySt Petersburg, FL

    General support grant

    $90,000
  17. Kenosha Christian AcademyKenosha, WI

    General support grant

    $88,000
  18. Liberty AcademyColumbus, IN

    General support grant

    $80,000
  19. Seton Education PartnersNew York, NY

    General support grant

    $80,000
  20. Shepherds Watch Christian AcademyMattoon, WI

    General support grant

    $80,000
  21. Julie Billiart SchoolBrecksville, OH

    General support grant

    $75,000
  22. Individual

    Founders program

    $75,000
  23. The Ecclesial Schools Initiative IncCasselberry, FL

    General support grant

    $75,000
  24. Individual

    Founders program

    $73,481
  25. Individual

    Founders program

    $67,500
  26. Cristo Rey SeattleSeattle, WA

    General support grant

    $62,500
  27. Tampa Torah AcademyTampa, FL

    General support grant

    $60,000
  28. Learning Independence for Tomorrow IncClearwater, FL

    General support grant

    $56,000
  29. Individual

    Founders program

    $50,000
  30. Be AcademyNashville, TN

    General support grant

    $50,000
  31. Cristo Rey Orlando High School IncOrlando, FL

    General support grant

    $50,000
  32. Emerald Coast Autism CenterNiceville, FL

    General support grant

    $48,000
  33. Life International Academy IncThonotosassa, FL

    General support grant

    $44,000
  34. Individual

    Founders program

    $42,075
  35. Pinyon MontessoriSalt Lake Cty, UT

    General support grant

    $40,000
  36. Individual

    Founders program

    $37,500
  37. Individual

    Founders program

    $37,000
  38. Crown Prep AcademyColumbus, OH

    General support grant

    $35,000
  39. Gwinnett Global SchoolLawrenceville, GA

    General support grant

    $33,000
  40. Saint Martin de PorresCleveland, OH

    General support grant

    $25,000
  41. The Link SchoolBaton Rouge, LA

    General support grant

    $25,000
  42. Individual

    Founders program

    $22,800
  43. St Marcus Lutheran SchoolMilwaukee, WI

    General support grant

    $20,000
  44. Breakfree EducationWashington, DC

    General support group

    $18,800
  45. Individual

    Ackles founders alternate path program grant

    $18,750
  46. Individual

    Founders program

    $18,750
  47. School of the Arts for Boys AcademyPittsboro, NC

    General support grant

    $15,000
  48. Westside Christian SchoolColumbus, OH

    General support grant

    $13,000
  49. Urban Community SchoolCleveland, OH

    General operating support

    $12,500
  50. Montessori Earth School (wildflower)Columbus, OH

    General support grant

    $10,000
  51. Sage Montessori School of NashvilleNashville, TN

    General support grant

    $10,000
  52. Individual

    Havard business class

    $7,250
  53. Redefine ThisSarasota, FL

    General support grant

    $5,000
  54. The Learning LoungePine Bluff, AR

    General support grant

    $4,000
  55. Lasalle Education CenterHomestead, FL

    General support grant

    $3,500

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education20 grants $1,341,00080% of the total
  2. Youth development2 grants $168,80010% of the total
  3. Religion2 grants $160,00010% of the total

By State

Grants to organizations with a US address, latest year.

  1. Florida14 grants $1,006,500
  2. Wisconsin6 grants $658,000
  3. California2 grants $395,000
  4. Ohio7 grants $270,500
  5. Tennessee3 grants $184,000
  6. Georgia2 grants $183,000
  7. Iowa1 grant $150,000
  8. North Carolina2 grants $108,750
  9. Indiana1 grant $80,000
  10. New York1 grant $80,000

Officers, directors and trustees

10 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • BJ CassinCHAIRMAN EMERITUS Hours 2Pay $0
  • Thomas J HealeyTREASURER Hours 2Pay $0
  • Nick HowleyTRUSTEE Hours 2Pay $0
  • Darren JacksonSECRETARY Hours 2Pay $0
  • Michael MessnerTRUSTEE Hours 2Pay $0
  • Darla RomfoTRUSTEE Hours 2Pay $0
  • Abigail SchumwingerTRUSTEE Hours 2Pay $0
  • Christopher WilsonTRUSTEE Hours 2Pay $0
  • John EriksenCHAIRMAN Hours 40Pay $275,783
  • Mark GleasonMANAGING PARTNER Hours 40Pay $240,000

The return

More foundations

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Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

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  5. William Lant Ridgway Charitable TR XXX-XX-XXXXEvansville, IN 1 grant Preselected only $3,198,623 giving