Drake commits annually to various philanthropic relationships through its charitable arms: Drake Foundation and Chile+Hoy. Most of the charitable efforts are concentrated in the education and environmental sectors. Drake has also actively partnered with several Chilean “think tanks”, elderly care, and children’s cultural foundations.
Additionally, the Drake Group supports the Universidad Adolfo Ibañez foundation. Founded in 1953 by the Ibanez family, Universidad Adolfo Ibañez was the first educational institution in Chile to offer an MBA program. The school currently enrolls over 10,000 students and since 2011 has a dual degree partnership with UCLA. Mr. Ibañez sits on the board of directors.