James O & Alice F Cole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PERU, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 32 grants totaling $100K. Net investment income was $173K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+4.1% YoY
Annual Giving
$100K
-1.6% YoY
Grant Count
32
-3.0% YoY
Avg Grant Size
$3K
+1.4% YoY
Under IRS private-foundation payout rules, James O & Alice F Cole Foundation reported a distributable amount of $110K for 2024 — the minimum it must pay out in qualifying distributions.
About James O & Alice F Cole Foundation
Based on IRS filings
James O & Alice F Cole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PERU, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 32 grants totaling $100K. Net investment income was $173K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,769,205 | $1,698,846 | $1,745,203 |
| Revenue | $208,375 | $89,377 | $127,746 |
| Expenses | $137,744 | $135,718 | $150,586 |
| Qualifying Distributions | $102,297 | $103,290 | $116,070 |
| Net Investment Income | $172,928 | $56,949 | $93,230 |
| Distributable Amount | $109,506 | $103,645 | $104,157 |
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
164 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Indiana Historical Society ($8,524), Indiana Task Force 1 ($8,524), Indianapolis Symphony Orchestra ($8,524).
| Recipient | Purpose | Amount |
|---|---|---|
| AMBOY VOLUNTEER FIRE DEPT AMBOY, IN | TO FUND OPERATIONS | $1,247 |
| ADDICTION RESEARCH FNDN-THE MOORE INSTITUTE BIRMINGHAM, AL | TO FUND OPERATIONS | $2,500 |
| CASA OF JEFFERSON COUNTY BIRMINGHAM, AL | TO FUND OPERATIONS | $2,000 |
| COOPERATIVE DOWNTOWN MINISTRIES BIRMINGHAM, AL | TO FUND OPERATIONS | $1,433 |
| CRU US MINISTRY ORLANDO, FL | TO FUND OPERATIONS | $3,000 |
| ELEMENT STUDENT MINISTRY BIRMINGHAM, AL | TO FUND OPERATIONS | $2,366 |
| FIRST LIGHT INC BIRMINGHAM, AL | TO FUND OPERATIONS | $1,433 |
| GKCCF KANSAS CITY, MO | TO FUND OPERATIONS | $1,150 |
| GREATER BIRMINGHAM HUMANE SOCIETY BIRMINGHAM, AL | TO FUND OPERATIONS | $2,000 |
| GRISSOM AIR MUSEUM PERU, IN | TO FUND OPERATIONS | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVE DOBBS | PRESIDENT | 1 | — |
| FRED ASHE | VICE PRESIDENT | 1 | — |
| POLLY DOBBS | SECRETARY | 1 | — |
| STEVE DOBBS | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is James O & Alice F Cole Foundation?
James O & Alice F Cole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PERU, IN. It holds $1.8M in total assets as of 2024.
How large is James O & Alice F Cole Foundation?
As of 2024, James O & Alice F Cole Foundation holds $1.8M in total assets with $208K in annual revenue. It awarded 32 grants totaling $100K in 2024.
Where does James O & Alice F Cole Foundation operate?
James O & Alice F Cole Foundation has awarded grants in Alabama, Colorado, Florida, Illinois, Indiana, Massachusetts, Missouri, New York, Ohio, Tennessee, Texas.
What size grants does James O & Alice F Cole Foundation award?
In 2024, James O & Alice F Cole Foundation awarded 32 grants totaling $100K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is James O & Alice F Cole Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, James O & Alice F Cole Foundation reported a distributable amount of $110K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James O & Alice F Cole Foundation's EIN?
James O & Alice F Cole Foundation's EIN (Employer Identification Number) is 35-1989581. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in James O & Alice F Cole Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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