Nola Lee Cole Fund

CHICAGO, IL EIN: 95-6326081

Nola Lee Cole Fund is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $127K in total assets. In 2024, it awarded 1 grants totaling $5K. Net investment income was $5K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$127K

-2.2% YoY

Annual Giving

$5K

-8.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$5K

-8.5% YoY

Under IRS private-foundation payout rules, Nola Lee Cole Fund reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.

About Nola Lee Cole Fund

Based on IRS filings

Ready to take the next step with Nola Lee Cole Fund?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $21K (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	$126,550	$129,356	$132,982
Revenue	$6,726	$6,183	$8,099
Expenses	$9,458	$9,844	$10,857
Qualifying Distributions	$7,600	$8,020	$8,854
Net Investment Income	$4,918	$4,378	$6,227
Distributable Amount	$7,891	$7,563	$8,192

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

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Whittier College ($4,903).

Recipient	Purpose	Amount
WHITTIER COLLEGE WHITTIER, CA	GENERAL	$4,903

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
NORTHERN TRUST COMPANY	TRUSTEE	40	$1,930

Frequently Asked Questions

How large is Nola Lee Cole Fund?

As of 2024, Nola Lee Cole Fund holds $127K in total assets with $7K in annual revenue. It awarded 1 grants totaling $5K in 2024.

Where does Nola Lee Cole Fund operate?

Nola Lee Cole Fund has awarded grants in California.

What size grants does Nola Lee Cole Fund award?

In 2024, Nola Lee Cole Fund awarded 1 grants totaling $5K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Nola Lee Cole Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Nola Lee Cole Fund reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.