Joseph Allen Cole Fund

CHICAGO, IL EIN: 95-6441774

Joseph Allen Cole Fund is a private foundation focused on Education, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $177K in total assets. In 2024, it awarded 1 grants totaling $7K. Net investment income was $6K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$177K

-2.5% YoY

Annual Giving

$7K

-7.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$7K

-7.9% YoY

Under IRS private-foundation payout rules, Joseph Allen Cole Fund reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.

About Joseph Allen Cole Fund

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $41K (100%)

States

California

Cities

Whittier

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$176,591	$181,053	$185,300
Revenue	$8,118	$8,995	$11,606
Expenses	$12,569	$13,242	$14,474
Qualifying Distributions	$10,545	$11,128	$11,720
Net Investment Income	$6,094	$7,036	$8,995
Distributable Amount	$10,997	$10,505	$11,292

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Whittier College ($7,264).

Recipient	Purpose	Amount
WHITTIER COLLEGE WHITTIER, CA	GENERAL	$7,264

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
NORTHERN TRUST N A	TRUSTEE	40	$2,687

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Joseph Allen Cole Fund?

Joseph Allen Cole Fund is a private foundation focused on Education, based in CHICAGO, IL. It holds $177K in total assets as of 2024.

How large is Joseph Allen Cole Fund?

As of 2024, Joseph Allen Cole Fund holds $177K in total assets with $8K in annual revenue. It awarded 1 grants totaling $7K in 2024.

Where does Joseph Allen Cole Fund operate?

Joseph Allen Cole Fund has awarded grants in California.

What size grants does Joseph Allen Cole Fund award?

In 2024, Joseph Allen Cole Fund awarded 1 grants totaling $7K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Joseph Allen Cole Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Joseph Allen Cole Fund reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.