Olive a Coates Charitable Trust
Olive a Coates Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 6 grants totaling $361K. Net investment income was $718K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3M
+8.7% YoY
Annual Giving
$361K
-10.7% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$60K
-10.7% YoY
Under IRS private-foundation payout rules, Olive a Coates Charitable Trust reported a distributable amount of $426K for 2024 — the minimum it must pay out in qualifying distributions.
About Olive a Coates Charitable Trust
Based on IRS filings
Olive a Coates Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 6 grants totaling $361K. Net investment income was $718K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,280,629 | $3,938,780 | $4,059,833 |
| Revenue | $760,032 | $338,819 | $404,762 |
| Expenses | $419,615 | $458,425 | $470,983 |
| Qualifying Distributions | $374,210 | $423,451 | $420,778 |
| Net Investment Income | $717,722 | $295,129 | $367,536 |
| Distributable Amount | $426,376 | $378,075 | $378,830 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Select Board Town of Camden ($135,309), Five Town Csd ($45,103), Camden Area District Nursing ($45,103).
| Recipient | Purpose | Amount |
|---|---|---|
| FIVE TOWN CSD CAMDEN, ME | PROVIDE FINANCIAL ASSIST TO | $45,103 |
| CAMDEN AREA DISTRICT NURSING CAMDEN, ME | GENERAL PURPOSE | $45,103 |
| QUARRY HILL ROCKLAND, ME | GENERAL PURPOSE | $45,103 |
| COASTAL OPPORTUNITIES CAMDEN, ME | GENERAL PURPOSE | $45,103 |
| SELECT BOARD TOWN OF CAMDEN CAMDEN, ME | AID SENIOR CITIZENS, | $135,309 |
| PAWS ANIMAL ADOPTION CENTER ROCKPORT, ME | GENERAL PURPOSE | $45,103 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HM PAYSON CO | TRUSTEE | 1 | $41,757 |
| RICHARD A MCKITTRICK | TRUSTEE | 1 | $10,989 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Olive a Coates Charitable Trust?
Olive a Coates Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. It holds $4.3M in total assets as of 2024.
How large is Olive a Coates Charitable Trust?
As of 2024, Olive a Coates Charitable Trust holds $4.3M in total assets with $760K in annual revenue. It awarded 6 grants totaling $361K in 2024.
Where does Olive a Coates Charitable Trust operate?
Olive a Coates Charitable Trust has awarded grants in Maine.
What size grants does Olive a Coates Charitable Trust award?
In 2024, Olive a Coates Charitable Trust awarded 6 grants totaling $361K — an average of about $60K per grant, based on its IRS Form 990 filings.
How much is Olive a Coates Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Olive a Coates Charitable Trust reported a distributable amount of $426K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Olive a Coates Charitable Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.