HTC Cottee Charles & Barbara Close Foundation
HTC Cottee Charles & Barbara Close Foundation is a private foundation, based in Radnor, PA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.3M in total assets. In 2025, it awarded 2 grants totaling $1.0M. Net investment income was $847K.
HTC Cottee Charles & Barbara Close Foundation at a glance
In short: HTC Cottee Charles & Barbara Close Foundation gave $1.0M across 2 grants in 2025 (avg $505K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,010,000
- +87.0% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $505,000
- +180.6% vs 2024
- Median grant
- $505,000
- Total assets
- $4,263,699
- -6.4% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who HTC Cottee Charles & Barbara Close Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Drexel University ($1.0M). Together the top 2 received $1.0M.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 8 grants of 18 (44%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How HTC Cottee Charles & Barbara Close Foundation gives
- Giving held roughly steady from 2022 to 2025 (−7%). Method
- In 2025 it paid out 287% of 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 2020 to 2025, annual grant giving ranged from $540K (2024) to $1.1M (2022). In 2025 it made 2 grants totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Drexel University Philadelphia, PA | Close Foundation Designated | $1,000,000 |
| Friends of Saint Malachy Philadelphia, PA | Unrestricted | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,263,699 | $866,168 | $1,156,523 | $1,010,000 | 2 | $1,127,139 | $847,337 | $393,227 |
| 2024 | $4,553,919 | $742,636 | $671,835 | $540,000 | 3 | $644,677 | $723,891 | $389,365 |
| 2023 | $4,483,643 | $707,027 | $968,081 | $825,000 | 5 | $927,309 | $688,645 | $389,630 |
| 2022 | $4,734,722 | $810,007 | $1,228,217 | $1,088,000 | 4 | $1,203,617 | $790,205 | $424,170 |
| 2021 | $5,152,192 | $782,767 | $820,932 | $678,000 | 4 | $748,480 | $639,835 | $476,688 |
| 2020 | $5,182,254 | $361,532 | $806,717 | $653,000 | 4 | — | $211,794 | $448,264 |
Under IRS private-foundation payout rules, HTC Cottee Charles & Barbara Close Foundation reported a distributable amount of $393K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
HTC Cottee Charles & Barbara Close Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frederick Padden
Trustee
On filings since 2020
2 hrs/week
$26K (2020) → $0 (2025)
Jim Berneski
Trustee
On filings since 2020
2 hrs/week
$26K (2020) → $0 (2025)
Mike Doyle
Trustee
On filings since 2020
2 hrs/week
$26K (2020) → $0 (2025)
William McKernan
Trustee
On filings since 2020
2 hrs/week
$26K (2020) → $0 (2025)
Former officers (1)
- Former: Haverford Trust Company (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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
The highest reported compensation on the 2024 filing was $20K, to Frederick Padden (Trustee). 4 officers or directors reported compensation on that filing.
Frequently asked questions about HTC Cottee Charles & Barbara Close Foundation
How much does HTC Cottee Charles & Barbara Close Foundation give each year?
HTC Cottee Charles & Barbara Close Foundation gave $1.0M across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $540K across 3 grants.
How large is HTC Cottee Charles & Barbara Close Foundation?
HTC Cottee Charles & Barbara Close Foundation reported $4.3M in total assets on its 2025 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $393K (roughly 5% of its investment assets).
Where does HTC Cottee Charles & Barbara Close Foundation operate?
HTC Cottee Charles & Barbara Close Foundation has awarded grants in Pennsylvania.
What is HTC Cottee Charles & Barbara Close Foundation's EIN?
HTC Cottee Charles & Barbara Close Foundation's EIN (Employer Identification Number) is 27-3017122. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 10, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
Live grants for the work HTC Cottee Charles & Barbara Close Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in HTC Cottee Charles & Barbara Close Foundation's focus areas in our free grants database
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