Cole Foundation Robert H & Monica M
The Robert H & Monica M Cole Foundation is a private foundation established in 1976 and based in Knoxville, Tennessee. The foundation operates as a 501(c)(3) tax-exempt organization with the primary purpose of generating revenue from its corpus assets to provide contributions, gifts, and grants to charitable organizations.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.8M
-4.7% YoY
Annual Giving
$319K
+17.9% YoY
Grant Count
31
+14.8% YoY
Avg Grant Size
$10K
+2.6% YoY
Mission & Focus Areas
The foundation's sole stated purpose is to produce revenue from its assets in order to provide contributions, gifts, and grants to charities. Dividends and interest generated from foundation assets fund both charitable grants and administrative expenses.
The foundation gives primarily for:
- Arts and culture
- Education
- Children and social services
- Health associations, particularly a neuroscience clinic
Grantmaking
The foundation made 28 grants in 2023. Recent grantees include:
Grant Types
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Data:
- Total Assets: $3,036,546
- Total Revenue: $412,519
- Total Expenses: $410,644
- Total Liabilities: $0
The foundation maintains no employees and operates with minimal administrative overhead relative to its asset base.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,770,781 | $2,906,183 | $3,036,546 |
| Revenue | $301,318 | $260,785 | $412,519 |
| Expenses | $435,832 | $391,316 | $410,644 |
| Qualifying Distributions | $318,500 | $270,250 | $286,500 |
| Net Investment Income | $213,014 | $173,405 | $325,387 |
| Distributable Amount | — | $270,438 | $253,482 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
134 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include University of Tennessee Medical Center ($175,000), Northern Piedmont Community Foundation ($30,000), Blue Ridge School ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| PROUTS NECK ASSOCIATION SCARBOROUGH, ME | OPERATIONAL SUPPORT | $1,000 |
| SCARBOROUGH LAND TRUST SCARBOROUGH, ME | OPERATIONAL SUPPORT | $1,500 |
| ST JAMES EPISCOPAL CHURCH SCARBOROUGH, ME | RELIGIOUS OPERATIONS | $1,500 |
| METROPOLITAN MUSEUM OF ART NEW YORK, NY | OPERATIONS | $1,000 |
| METROPOLITAN OPERA ASSOCIATION NEW YORK, NY | OPERATIONAL SUPPORT | $4,000 |
| CENTRAL PARK CONSERVANCY NEW YORK, NY | OPERATIONS | $1,000 |
| FRENCH HERITAGE FOUNDATION NEW YORK, NY | OPERATIONAL SUPPORT | $2,000 |
| NYPWCMC NEW YORK, NY | OPERATIONAL SUPPORT | $3,000 |
| NEUE GALERIE NEW YORK NEW YORK, NY | OPERATIONS | $1,000 |
| FUND FOR PARK AVENUE NEW YORK, NY | OPERATIONS | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SARAH COLE PAGE | DIRECTOR | 5 | $20,000 |
| MARGARET MCKENRY NASH | DIRECTOR | 5 | $20,000 |
| JAMES R MCKENRY JR | DIRECTOR | 5 | $20,000 |
| MONICA COLE JOHNSON | DIRECTOR | 10 | $20,000 |
| HOME FEDERAL BANK | TRUSTEE | 10 | $36,109 |
Contact Information
Address: 515 Market Street, Knoxville, TN 37902-2145
Telephone: 865-541-6883
Frequently Asked Questions
What does Cole Foundation Robert H & Monica M fund?
The foundation's sole stated purpose is to produce revenue from its assets in order to provide contributions, gifts, and grants to charities. Dividends and interest generated from foundation assets fund both charitable grants and administrative expenses. The foundation gives primarily for: • Arts and culture • Education • Children and social services • Health associations, particularly a neuroscience clinic
How do I apply for a grant from Cole Foundation Robert H & Monica M?
**Grant Activity:** The foundation made 28 grants in 2023. Recent grantees include: • Northern Piedmont Community Foundation ($30,000 for operational support) • Wakefield Country Day School ($25,000 for operational expenses) • The Blue Ridge School ($12,500 for operational support) • University of Tennessee Medical Center Grant types include operational support, operational expenses, and religious operations funding.
What size grants does Cole Foundation Robert H & Monica M award?
In 2025, Cole Foundation Robert H & Monica M awarded 31 grants totaling $319K — an average of about $10K per grant, based on its IRS Form 990 filings.
What is Cole Foundation Robert H & Monica M's EIN?
Cole Foundation Robert H & Monica M's EIN (Employer Identification Number) is 62-6137973. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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