Cotten Charitable Trust

PENNINGTON, NJ EIN: 30-6726805

Cotten Charitable Trust is a private foundation, based in PENNINGTON, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 16 grants totaling $422K. Net investment income was $450K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.3M

-0.5% YoY

Annual Giving

$422K

+11.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$26K

+11.1% YoY

Under IRS private-foundation payout rules, Cotten Charitable Trust reported a distributable amount of $346K for 2024 — the minimum it must pay out in qualifying distributions.

About Cotten Charitable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $795K (91%)

Maryland $75K (9%)

States

Florida Maryland

Cities

Altamonte SpgCoconut CreekFrederickMelbourneOrlandoTampaWinter Park

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,299,792	$6,334,423	$7,037,864
Revenue	$493,434	$565,109	$5,665,312
Expenses	$527,402	$491,815	$82,148
Qualifying Distributions	$475,069	$429,298	$76,221
Net Investment Income	$449,556	$239,762	$16,848
Distributable Amount	$346,113	$328,128	$56,769

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 2024

Grant Size Distribution

47 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Orlando Philharmonic Orchestra ($45,787), Hood College of Frederick Md ($36,630), Florida Institute of Technolog ($36,630).

Recipient	Purpose	Amount
HOOD COLLEGE OF FREDERICK MD FREDERICK, MD	GENERAL OPERATING	$36,630
SALVATION ARMY A GEORGIA CORPO TAMPA, FL	GENERAL OPERATING	$27,472
PET ALLIANCE OF GREATER ORLAND ORLANDO, FL	GENERAL OPERATING	$27,472
WINTER PARK DAY NURSERY INC WINTER PARK, FL	GENERAL OPERATING	$27,472
WINTER PARK LIBRARY ASSOCIATIO WINTER PARK, FL	GENERAL OPERATING	$27,472
ORLANDO MUSEUM OF ART INC ORLANDO, FL	GENERAL OPERATING	$27,472
THE ORLANDO UNION RESCUE MISSI ORLANDO, FL	GENERAL OPERATING	$27,472
SECOND HARVEST FOOD BANK ORLANDO, FL	GENERAL OPERATING	$27,472
FOOD FOR THE POOR INC COCONUT CREEK, FL	GENERAL OPERATING	$18,315
HOSPICE OF THE COMFORTER INC D ALTAMONTE SPG, FL	GENERAL OPERATING	$18,315

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA N A	TRUSTEE	2	$88,309

Frequently Asked Questions

How large is Cotten Charitable Trust?

As of 2024, Cotten Charitable Trust holds $6.3M in total assets with $493K in annual revenue. It awarded 16 grants totaling $422K in 2024.

Where does Cotten Charitable Trust operate?

Cotten Charitable Trust has awarded grants in Florida, Maryland.

What size grants does Cotten Charitable Trust award?

In 2024, Cotten Charitable Trust awarded 16 grants totaling $422K — an average of about $26K per grant, based on its IRS Form 990 filings.

How much is Cotten Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Cotten Charitable Trust reported a distributable amount of $346K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.