Eddie and Edrene Cole Foundation
Eddie and Edrene Cole Foundation is a private foundation, based in Toledo, OH. IRS filing data is available from 2019 through 2023. In 2023, it awarded 8 grants totaling $4K.
Eddie and Edrene Cole Foundation at a glance
In short: Eddie and Edrene Cole Foundation gave $4K across 8 grants in 2023 (avg $500), mostly in Ohio. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $4,000
- +406.3% vs 2022
- Grants made (2023)
- 8
- +60.0% vs 2022
- Average grant
- $500
- +216.5% vs 2022
- Median grant
- $500
- Primary geography
- Ohio (50% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Eddie and Edrene Cole Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2023
The largest 2023 recipient was Equal Justice Initiative ($500). Together the top 8 received $4K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 39 grants of 39 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 8 itemized grants.
Cities
How Eddie and Edrene Cole Foundation gives
- Giving held roughly steady from 2020 to 2023 (+18%). Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $790 (2022) to $4K (2023). In 2023 it made 8 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Equal Justice Initiative Montgomery, AL | Justice | $500 |
| The Southern Poverty Law Center Montgomery, AL | Civil Rights | $500 |
| University of Toledo Toledo, OH | education | $500 |
| Braden U M Church Toledo, OH | religious | $500 |
| Detroit Unity Temple Detroit, MI | Religious | $500 |
| Tougaloo College Tougaloo, MS | education | $500 |
| Northwest Ohio African AM Legacy Toledo, OH | African American History in Northwest Ohio | $500 |
| NAACP Toledo, OH | Civil Rights | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $568 | $4,550 | $4,000 | 8 | $8,550 | — | $224 |
| 2022 | $4,550 | $1,479 | $790 | $790 | 5 | $1,566 | — | $189 |
| 2021 | $106,761 | $6,190 | $6,190 | $3,385 | 9 | $8,995 | $5,190 | $5,234 |
| 2020 | $132,249 | $7,842 | $7,842 | $3,385 | 9 | — | $6,942 | $6,939 |
| 2019 | $132,249 | $7,642 | $7,642 | $3,185 | 8 | — | $6,942 | $6,896 |
Under IRS private-foundation payout rules, Eddie and Edrene Cole Foundation reported a distributable amount of $224 for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Eddie and Edrene Cole Foundation is led by Eddie M Cole, President on every filing since 2019; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Eddie M Cole
President
On filings since 2019
1 hr/week
No compensation reported
Edwin L Cole
Secretary
On filings since 2019
1 hr/week
No compensation reported
Elecia Smith
Vice President
V. President → Vice President, 2022
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Eddie and Edrene Cole Foundation
How much does Eddie and Edrene Cole Foundation give each year?
Eddie and Edrene Cole Foundation gave $4K across 8 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $790 across 5 grants.
What is Eddie and Edrene Cole Foundation's typical grant size?
Eddie and Edrene Cole Foundation's median grant in 2023 was $500, and its average grant was $500, across 8 grants on its 2023 IRS Form 990-PF.
Where does Eddie and Edrene Cole Foundation give grants?
Eddie and Edrene Cole Foundation gives mostly in Ohio: 50% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The next largest states were Alabama (25%) and Michigan (13%). The most frequent recipient cities were Toledo, OH (4 grants) and Montgomery, AL (2 grants).
Does Eddie and Edrene Cole Foundation give general operating support?
Not in 2023: none of the 8 grants with a stated purpose on Eddie and Edrene Cole Foundation's 2023 IRS Form 990-PF were described as general or operating support.
Who are Eddie and Edrene Cole Foundation's largest grantees?
Eddie and Edrene Cole Foundation's largest 2023 grantees include Equal Justice Initiative ($500), The Southern Poverty Law Center ($500) and University of Toledo ($500), according to its 2023 IRS Form 990-PF. Together they received 38% of its itemized 2023 grant dollars.
How much is Eddie and Edrene Cole Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Eddie and Edrene Cole Foundation reported a distributable amount of $224 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Eddie and Edrene Cole Foundation's EIN?
Eddie and Edrene Cole Foundation's EIN (Employer Identification Number) is 34-1666480. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS January 29, 2021)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 26, 2023)
- IRS filings on file for fiscal years 2019–2023
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