Nola Lee Cole Fund
Nola Lee Cole Fund is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $124K in total assets. In 2025, it awarded 1 grant totaling $5K. Net investment income was $6K.
Nola Lee Cole Fund at a glance
In short: Nola Lee Cole Fund gave $5K across 1 grant in 2025 (avg $5K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,194
- +5.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $5,194
- +5.9% vs 2024
- Median grant
- $5,194
- Total assets
- $124,459
- -1.7% vs 2024
- Primary geography
- California (100% 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 Nola Lee Cole Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Whittier College ($5K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Nola Lee Cole Fund gives
- Giving held roughly steady from 2022 to 2025 (−14%). 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 2021 to 2025, annual grant giving ranged from $5K (2024) to $6K (2022). In 2025 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Whittier College Whittier, CA | General Support | $5,194 |
Ready to take the next step with Nola Lee Cole Fund?
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 | $124,459 | $7,222 | $9,269 | $5,194 | 1 | $7,770 | $5,791 | $8,269 |
| 2024 | $126,550 | $6,726 | $9,458 | $4,903 | 1 | $7,600 | $4,918 | $7,891 |
| 2023 | $129,356 | $6,183 | $9,844 | $5,360 | 1 | $8,020 | $4,378 | $7,563 |
| 2022 | $132,982 | $8,099 | $10,857 | $6,022 | 1 | $8,854 | $6,227 | $8,192 |
| 2021 | $135,752 | $9,520 | $9,745 | $4,977 | 1 | — | $7,660 | $8,931 |
| 2020 | $135,978 | $7,799 | $4,561 | — | — | — | $5,964 | $7,830 |
Under IRS private-foundation payout rules, Nola Lee Cole Fund reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Nola Lee Cole Fund's only listed officer is Northern Trust Company, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Northern Trust Company
Trustee
On filings since 2020
1 hr/week
$2K (2020) → $2K (2025)
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 $2K, to Northern Trust Company (Trustee).
Frequently asked questions about Nola Lee Cole Fund
How much does Nola Lee Cole Fund give each year?
Nola Lee Cole Fund gave $5K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 1 grant.
How large is Nola Lee Cole Fund?
Nola Lee Cole Fund reported $124K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $8K (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.
Where does Nola Lee Cole Fund operate?
Nola Lee Cole Fund has awarded grants in California.
What is Nola Lee Cole Fund's EIN?
Nola Lee Cole Fund's EIN (Employer Identification Number) is 95-6326081. 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 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 20, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Nola Lee Cole Fund's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Fedco Charitable Foundation
Los Angeles, CA
Supporting organization of California community foundation. Charitable grant making.
Assets
$7.7M
Grants
3
Total Given
$519K
BPB Morgan Co-Tuw Van Nuys
Chicago, IL
Assets
$3.6M
Grants
6
Total Given
$209K
Yao Yuan SZE Foundation
Bellevue, WA
Assets
$6.8M
Grants
7
Total Given
$430K
3GREENASSISTANCE
Whittier, CA
Assets
$55K
Grants
8
Total Given
$61K
NS Goldstein Foundation Inc
Wesley Chapel, FL
Assets
$2.8M
Grants
9
Total Given
$52K
Ward Beecher Foundation
Columbus, OH
Assets
$4.5M
Grants
9
Total Given
$268K
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Nola Lee Cole Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Nola Lee Cole Fund down — hundreds of funders to go?