Mason and Lula Cole Charitable Tua 600008015
The Mason and Lula Cole Charitable Trust (also known as The S Mason Cole Jr and Lula P Cole Charitable Trust) is a private foundation located in Williamsburg, Virginia. Established in 2010, it operates as a 501(c)(3) organization designated for religious, educational, charitable, scientific, literary, and philanthropic purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+3.6% YoY
Annual Giving
$240K
-1.1% YoY
Grant Count
34
+6.3% YoY
Avg Grant Size
$7K
-6.9% YoY
Mission & Focus Areas
The foundation primarily funds charitable, support, and educational purposes. Its grantmaking demonstrates a broad charitable focus, with documented support across multiple sectors including animal welfare, health services, arts and culture, and community organizations.
Grantmaking
The foundation has made at least 31 grants to various nonprofits. Recent documented grants include:
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Geographic Focus
Where this funder awards grants
The foundation funds organizations primarily in Virginia, with particular activity in the Williamsburg area and surrounding regions including the Northern Neck and Middlesex County areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $2,566,683
- Total Revenues: $381,509
- Total Expenses: $293,753
- Total Liabilities: $0
As of December 2023:
- Total Assets: $2.57 million (approximate)
The foundation maintains no employees and operates with zero liabilities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,566,683 | $2,477,747 | $2,611,375 |
| Revenue | $381,509 | $162,359 | $141,918 |
| Expenses | $293,753 | $296,276 | $317,465 |
| Qualifying Distributions | $240,600 | $243,350 | $267,100 |
| Net Investment Income | $329,595 | $114,290 | $91,292 |
| Distributable Amount | $208,481 | $192,583 | $201,143 |
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
159 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHESAPEAKE TRUST COMPANY | TRUSTEE | 10 | $40,545 |
Recent News & Activity
Recent developments and announcements
Area organizations have benefited from Cole Foundation distributions, as documented in local reporting. The foundation continues active grantmaking, with 2024 grants distributed to health clinics, rescue organizations, and arts groups in the Virginia region.
Area organizations benefit from Cole Foundation distribution - RappahannockSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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