Colette Foundation

Private foundation · Grantmaker Evanston, IL EIN: 27-0593512

Colette Foundation is a private foundation, based in Evanston, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $807K in total assets. In 2024, it made $9K in qualifying distributions. Net investment income was $19K.

Key facts about Colette Foundation

EIN
27-0593512
Latest 990 filing
Form 990-PF, 2024
Total assets
$807,432

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$807K

+1.2% YoY

Revenue

$32K

+17.3% YoY

Qualifying Distributions

$9K

-79.4% YoY

Expenses

$23K

-66.6% YoY

Under IRS private-foundation payout rules, Colette Foundation reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.

How Colette Foundation gives

  • Giving grew 112% from 2020 to 2023. Method
  • In 2024 it paid out 32% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Cities

Hanover

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K1 grants20201 grants20211 grants20221 grants20230 grants2024

From 2020 to 2023, annual grant giving ranged from $9K (2020) to $27K (2022). In 2023 it made 1 grant totaling $18K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 4 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K20202021202220232024
Metric202420232022
Total Assets$807,432$797,916$838,235
Revenue$32,137$27,401$19,474
Expenses$22,621$67,720$46,069
Qualifying Distributions$9,467$45,950$38,548
Net Investment Income$19,233$3,874$13,353
Distributable Amount$29,921$30,568$32,648

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Colette Foundation's 2024 filing lists 3 officers; 1 of 3 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Michel W. Drape

    Trustee

    On filings since 2020

    3 hrs/week

    $31K (2023) → $6K (2024)

  • Benjamin T. Drape

    Trustee

    On filings since 2021

    No compensation reported

  • Jackson T. Drape

    Trustee

    On filings since 2022

    No compensation reported

Former officers (2)
  • Former: James J. Cady (2020–2022) — Trustee
  • Former: Liesel Laufenberg (2020) — Trustee

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Michel W Drape — Trustee: $6KMichel W DrapeTrustee$6K

The highest reported compensation on the 2024 filing was $6K, to Michel W Drape (Trustee).

Frequently asked questions about Colette Foundation

How large is Colette Foundation?

Colette Foundation reported $807K in total assets on its 2024 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets).

Where does Colette Foundation operate?

Colette Foundation has awarded grants in New Hampshire.

What is Colette Foundation's EIN?

Colette Foundation's EIN (Employer Identification Number) is 27-0593512. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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