Historical Marker

Frank Neal Drane

Corsicana, Navarro County · Texas
Erected 1978

Drane's foundation was built around matching grants. A Navarro County biography says the Navarro Community Foundation began on May 28, 1938 as an unincorporated public charitable trust with about $800,000 pledged, for six purposes: religion, education, relief of suffering and disease, public buildings, aid to the worthy poor, and science. It gave roughly $4 million from 1938 through 1976. The same biography says Drane helped form the Texas Electric Railway, an interurban linking Corsicana, Dallas and Waco, and ran Arcady Farms, a 200-acre dairy estate.

What the plaque says

Frank Neal Drane (1862-1938) A Navarro County native, Frank Neal Drane married Florence A. Bingham in 1885 and had two children. He ran a hardware store with his father before becoming president of City National Bank. In 1901 Drane formed the Corsicana Power and Light company. A city alderman and a leader in the Third Avenue Presbyterian church, he wished to share his personal prosperity with fellow citizens. In 1938 he organized the Navarro Community Foundation with E. W. Robinson (1891-1967) as the first director. The fund has benefited wide-ranging endeavors, including Navarro College, founded in 1946. (1978)

Where it stands

32.09485, -96.47569 · Directions

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