Mary D Coles Foundation
Mary D Coles Foundation is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $806K in total assets. In 2025, it awarded 6 grants totaling $60K. Net investment income was $61K.
Mary D Coles Foundation at a glance
In short: Mary D Coles Foundation gave $60K across 6 grants in 2025 (avg $10K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $60,000
- -5.1% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $10,000
- -5.1% vs 2024
- Median grant
- $10,000
- Total assets
- $805,802
- -0.9% vs 2024
- Primary geography
- Massachusetts (50% 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 Mary D Coles Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Maine College of Art ($10K). Together the top 6 received $60K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Mary D Coles Foundation gives
- Giving grew 50% from 2022 to 2025. Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $28K (2020) to $63K (2024). In 2025 it made 6 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Maine College of Art Portland, ME | Scholarships | $10,000 |
| Mount Holyoke College South Hadley, MA | Unrestricted General | $10,000 |
| Simmons University Boston, MA | Scholarships | $10,000 |
| Massachusetts College of Art & Design FD Boston, MA | Scholarships | $10,000 |
| Verto Education Denver, CO | Unrestricted General | $10,000 |
| University of Oregon Eugene, OR | Scholarships | $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 | $805,802 | $70,434 | $78,100 | $60,000 | 6 | $67,396 | $61,115 | $71,834 |
| 2024 | $813,479 | $66,101 | $77,393 | $63,200 | 6 | $68,540 | $57,187 | $81,051 |
| 2023 | $810,582 | $27,256 | $79,648 | $63,000 | 7 | $71,917 | $22,018 | $62,684 |
| 2022 | $860,044 | $28,327 | $70,377 | $40,000 | 7 | $61,169 | $20,487 | $59,947 |
| 2021 | $902,270 | $72,817 | $57,692 | $44,000 | 5 | $49,132 | $63,163 | $65,953 |
| 2020 | $887,783 | $27,860 | $39,079 | $27,500 | 7 | — | $20,972 | $54,663 |
Under IRS private-foundation payout rules, Mary D Coles Foundation reported a distributable amount of $72K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mary D Coles Foundation's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$13K (2021) → $14K (2025)
Former officers (1)
- Former: Bank Of America NA (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 2025 IRS filing
The highest reported compensation on the 2025 filing was $14K, to Bank of America (Trustee).
Frequently asked questions about Mary D Coles Foundation
How much does Mary D Coles Foundation give each year?
Mary D Coles Foundation gave $60K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $63K across 6 grants.
What is Mary D Coles Foundation's typical grant size?
Mary D Coles Foundation's median grant in 2025 was $10,000, and its average grant was $10,000, across 6 grants on its 2025 IRS Form 990-PF.
Where does Mary D Coles Foundation give grants?
Mary D Coles Foundation gives mostly in Massachusetts: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Maine (17%) and Colorado (17%). The most frequent recipient cities were Boston, MA (2 grants).
Does Mary D Coles Foundation give general operating support?
Yes: 33% of Mary D Coles Foundation's 2025 grants with a stated purpose (2 of 6) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarships" (4 grants).
Who are Mary D Coles Foundation's largest grantees?
Mary D Coles Foundation's largest 2025 grantees include Maine College of Art ($10,000), Mount Holyoke College ($10,000) and Simmons University ($10,000), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is Mary D Coles Foundation?
Mary D Coles Foundation reported $806K in total assets on its 2025 IRS Form 990-PF. It paid out $67K in qualifying distributions that year, against a required minimum of $72K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Mary D Coles Foundation's EIN?
Mary D Coles Foundation's EIN (Employer Identification Number) is 52-7054900. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 19, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 24, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2020–2025
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