Mason and Lula Cole Charitable Tua 600008015

WILLIAMSBURG, VA EIN: 26-6779458

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

+6.3% YoY

Avg Grant Size

$7K

-6.9% YoY

Under IRS private-foundation payout rules, Mason and Lula Cole Charitable Tua 600008015 reported a distributable amount of $208K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Virginia $1.3M (100%)

States

Virginia

Cities

BurgessCallaoFredericksburgHampden SydneyHeathsvilleIrvingtonKilmarnockLancasterMoratticoReedvilleRichmondSterlingWarsawWhite Stone

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Boys and Girls Club of the ($15,000), Northern Neck - Middlesex Free Health ($15,000), Smith Point Sea Rescue Inc ($14,000).

Recipient	Purpose	Amount
PRESERVATION NORTHERN NECK WARSAW, VA	CHARITABLE	$1,000
Northern Neck Family YMCA Kilmarnock, VA	CHARITABLE	$5,000
THE BAY CENTER KILMARNOCK, VA	SUPPORT	$4,000
LANCASTER COUNTY VA EDUCATION FDN KILMARNOCK, VA	SUPPORT	$9,000
SHIRLEY PERKINS MEMORIAL FUND LANCASTER, VA	CHARITABLE	$2,000
BOYS AND GIRLS CLUB OF THE KILMARNOCK, VA	CHARITABLE	$15,000
LEGAL AID WORKS FREDERICKSBURG, VA	CHARITABLE	$5,000
SMITH POINT SEA RESCUE INC BURGESS, VA	CHARITABLE	$14,000
HEALTHY HARVEST FOOD BANK Warsaw, VA	SUPPORT	$10,000
NORTHERN NECK LAND CONSERVANCY LANCASTER, VA	CHARITABLE PURPOSES	$4,000

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

2024

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 - Rappahannock

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Mason and Lula Cole Charitable Tua 600008015 fund?

How do I apply for a grant from Mason and Lula Cole Charitable Tua 600008015?

The foundation has made at least 31 grants to various nonprofits. Recent documented grants include: • The Northern Neck-Middlesex Free Health Clinic: $15,000 (2024) • Smith Point Sea Rescue: $14,000 (2024) • The Westmoreland Players: $14,000 (2024) • Friends of the Northumberland County Animal Shelter: $5,000 (2023) • Boys and Girls Club: Grant recipient (amount and year not specified) Total giving has reached $242,750 across the foundation's grantmaking history.

Where does Mason and Lula Cole Charitable Tua 600008015 make 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.

What size grants does Mason and Lula Cole Charitable Tua 600008015 award?

In 2024, Mason and Lula Cole Charitable Tua 600008015 awarded 34 grants totaling $240K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Mason and Lula Cole Charitable Tua 600008015 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mason and Lula Cole Charitable Tua 600008015 reported a distributable amount of $208K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mason and Lula Cole Charitable Tua 600008015's EIN?

Mason and Lula Cole Charitable Tua 600008015's EIN (Employer Identification Number) is 26-6779458. IRS Form 990 filing data is available on this page for 2020–2024.