Htc Cottee Charles & Barbara Close Foundation
Htc Cottee Charles & Barbara Close Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RADNOR, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.6M in total assets. In 2024, it awarded 3 grants totaling $540K. Net investment income was $724K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6M
+1.6% YoY
Annual Giving
$540K
-34.5% YoY
Grant Count
3
-40.0% YoY
Avg Grant Size
$180K
+9.1% YoY
Under IRS private-foundation payout rules, Htc Cottee Charles & Barbara Close Foundation reported a distributable amount of $389K for 2024 — the minimum it must pay out in qualifying distributions.
About Htc Cottee Charles & Barbara Close Foundation
Based on IRS filings
Htc Cottee Charles & Barbara Close Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RADNOR, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.6M in total assets. In 2024, it awarded 3 grants totaling $540K. Net investment income was $724K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,553,919 | $4,483,643 | $4,734,722 |
| Revenue | $742,636 | $707,027 | $810,007 |
| Expenses | $671,835 | $968,081 | $1,228,217 |
| Qualifying Distributions | $644,677 | $927,309 | $1,203,617 |
| Net Investment Income | $723,891 | $688,645 | $790,205 |
| Distributable Amount | $389,365 | $389,630 | $424,170 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Drexel University ($369,955), Drexel University - David O'brien ($160,045), Friends of Saint Malachy ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DREXEL UNIVERSITY - DAVID O'BRIEN PHILADELPHIA, PA | ENTREPRENEURSHIP IN | $160,045 |
| FRIENDS OF SAINT MALACHY PHILADELPHIA, PA | UNRESTRICTED | $10,000 |
| DREXEL UNIVERSITY PHILADELPHIA, PA | CLOSE FOUNDATION DESIGNATED | $369,955 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FREDERICK PADDEN | TRUSTEE | 2 | $20,130 |
| WILLIAM MCKERNAN | TRUSTEE | 2 | $20,130 |
| MIKE DOYLE | TRUSTEE | 2 | $20,130 |
| JIM BERNESKI | TRUSTEE | 2 | $20,130 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Htc Cottee Charles & Barbara Close Foundation?
Htc Cottee Charles & Barbara Close Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RADNOR, PA. It holds $4.6M in total assets as of 2024.
How large is Htc Cottee Charles & Barbara Close Foundation?
As of 2024, Htc Cottee Charles & Barbara Close Foundation holds $4.6M in total assets with $743K in annual revenue. It awarded 3 grants totaling $540K in 2024.
Where does Htc Cottee Charles & Barbara Close Foundation operate?
Htc Cottee Charles & Barbara Close Foundation has awarded grants in Pennsylvania.
What size grants does Htc Cottee Charles & Barbara Close Foundation award?
In 2024, Htc Cottee Charles & Barbara Close Foundation awarded 3 grants totaling $540K — an average of about $180K per grant, based on its IRS Form 990 filings.
How much is Htc Cottee Charles & Barbara Close Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Htc Cottee Charles & Barbara Close Foundation reported a distributable amount of $389K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.