The Drexel Fund

Fiscal year ending 2024. Filed on November 11, 2025.

424 S Michigan St 1214
South Bend, Indiana 46601

The Drexel Fund (EIN: 46-5768451) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Drexel Fund, a 501(c)(3) charitable organization, reported compensation for 10 employees. Among the employees shown here, the average compensation is $274,268. The highest compensated employee at The Drexel Fund is John Eriksen with fiscal year 2024 compensation of $288,746.

Revenue, expenses, and employee compensation

Revenue

$9,256,327

Expenses

$5,722,240

Employee compensation

Revenue, expenses, and employee compensation over time

Non-Employee Board Members

No board members were reported during this fiscal year.

Mission Statement

THE DREXEL FUND IS A VENTURE PHILANTHROPY FUND THAT INVESTS AND PARTNERS IN THE GROWTH OF HIGH QUALITY, FINANCIALLY SUSTAINABLE NETWORKS OF FAITH BASED ON OTHER PRIVATE SCHOOLS

Revisions to this organization profile

November 11, 2025:
2024 The Drexel Fund 990 filed
November 13, 2024:
2023 The Drexel Fund 990 filed
November 1, 2023:
Amended (originally filed May 15, 2023)2022 The Drexel Fund 990 filed

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