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.
Key facts about Olive a Coates Charitable Trust
- EIN
- 01-6149204
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $360,824
- Grants made (2024)
- 6
- Average grant
- $60,137
- Median grant
- $45,103
- Total assets
- $4,280,629
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Olive a Coates Charitable Trust funds
By grant dollars, the top recipient states for Olive a Coates Charitable Trust's 6 itemized 2024 grants were Maine (100%). The most frequent recipient cities were Camden, ME (4 grants). 67% of grants with a stated purpose were for general or operating support.
How Olive a Coates Charitable Trust gives
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 88% 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.
Next steps with Olive a Coates Charitable Trust
- How to evaluate Olive a Coates Charitable Trust as a funder
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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
Ready to take the next step with Olive a Coates Charitable Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Select Board Town of Camden ($135,309), Five Town CSD ($45,103), Camden Area District Nursing ($45,103).
| Recipient | Purpose | Amount |
|---|---|---|
| SELECT BOARD TOWN OF CAMDEN Camden, ME | AID SENIOR CITIZENS, | $135,309 |
| 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 |
| 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 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.