Olive a Coates Charitable Trust
Olive a Coates Charitable Trust is a private foundation, based in Portland, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.3M in total assets. In 2025, it awarded 6 grants totaling $407K. Net investment income was $470K.
Olive a Coates Charitable Trust at a glance
In short: Olive a Coates Charitable Trust gave $407K across 6 grants in 2025 (avg $68K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $407,080
- +12.8% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $67,847
- +12.8% vs 2024
- Median grant
- $50,885
- Total assets
- $4,305,170
- +0.6% vs 2024
- Primary geography
- Maine (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 Olive a Coates Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Select Board Town of Camden ($153K). Together the top 6 received $407K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was in the $50–100K range: 15 grants of 30 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Olive a Coates Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 93% 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 $283K (2020) to $408K (2022). In 2025 it made 6 grants totaling $407K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Select Board Town of Camden Camden, ME | Aid Senior Citizens, | $152,655 |
| Five Town CSD Camden, ME | Provide Financial Assist to | $50,885 |
| Camden Area District Nursing Camden, ME | General Purpose | $50,885 |
| Quarry Hill Rockland, ME | General Purpose | $50,885 |
| Coastal Opportunities Camden, ME | General Purpose | $50,885 |
| Paws Animal Adoption Center Rockport, ME | General Purpose | $50,885 |
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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 | $4,305,170 | $505,673 | $481,590 | $407,080 | 6 | $430,274 | $470,204 | $463,782 |
| 2024 | $4,280,629 | $760,032 | $419,615 | $360,824 | 6 | $374,210 | $717,722 | $426,376 |
| 2023 | $3,938,780 | $338,819 | $458,425 | $403,935 | 6 | $423,451 | $295,129 | $378,075 |
| 2022 | $4,059,833 | $404,762 | $470,983 | $408,112 | 6 | $420,778 | $367,536 | $378,830 |
| 2021 | $4,128,055 | $469,432 | $361,701 | $307,857 | 6 | $313,332 | $423,233 | $408,252 |
| 2020 | $4,020,416 | $361,145 | $335,858 | $282,912 | 6 | — | $335,966 | $332,153 |
Under IRS private-foundation payout rules, Olive a Coates Charitable Trust reported a distributable amount of $464K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Olive a Coates Charitable Trust's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Hm Payson Co
Trustee
On filings since 2020
1 hr/week
$35K (2020) → $44K (2025)
Richard A. McKittrick
Trustee
On filings since 2020
1 hr/week
$9K (2020) → $0 (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 $44K, to HM Payson CO (Trustee).
Frequently asked questions about Olive a Coates Charitable Trust
How much does Olive a Coates Charitable Trust give each year?
Olive a Coates Charitable Trust gave $407K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $361K across 6 grants.
What is Olive a Coates Charitable Trust's typical grant size?
Olive a Coates Charitable Trust's median grant in 2025 was $50,885, and its average grant was $67,847, across 6 grants on its 2025 IRS Form 990-PF.
Where does Olive a Coates Charitable Trust give grants?
Olive a Coates Charitable Trust gives mostly in Maine: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Camden, ME (4 grants).
Does Olive a Coates Charitable Trust give general operating support?
Yes: 67% of Olive a Coates Charitable Trust's 2025 grants with a stated purpose (4 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Olive a Coates Charitable Trust's largest grantees?
Olive a Coates Charitable Trust's largest 2025 grantees include Select Board Town of Camden ($152,655), Five Town CSD ($50,885) and Camden Area District Nursing ($50,885), according to its 2025 IRS Form 990-PF. Together they received 63% of its itemized 2025 grant dollars.
How large is Olive a Coates Charitable Trust?
Olive a Coates Charitable Trust reported $4.3M in total assets on its 2025 IRS Form 990-PF. It paid out $430K in qualifying distributions that year, against a required minimum of $464K (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 Olive a Coates Charitable Trust's EIN?
Olive a Coates Charitable Trust's EIN (Employer Identification Number) is 01-6149204. 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
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