The Cole Family Charitable Foundation

Private foundation · Grantmaker Carrollton, GA EIN: 58-2347978

The Cole Family Charitable Foundation is a private foundation based in Carrollton, Georgia. It makes grants to charitable organizations, including organizations working in health care, education, and other areas.

Key facts about The Cole Family Charitable Foundation

In short: The Cole Family Charitable Foundation gave $99K across 54 grants in 2025 (avg $2K), mostly in Georgia. 28% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
58-2347978
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$98,910
Grants made (2025)
54
Average grant
$1,832
Median grant
$1,000
New grantees (estimate)
28% first-time grantees (15 of 54, 2025)
Total assets
$2,038,522
Primary geography
Georgia (73% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.0M

+1.0% YoY

Annual Giving

$99K

+2.7% YoY

Grant Count

54

-16.9% YoY

Avg Grant Size

$2K

+23.6% YoY

Under IRS private-foundation payout rules, The Cole Family Charitable Foundation reported a distributable amount of $80K for 2025 — the minimum it must pay out in qualifying distributions.

Is The Cole Family Charitable Foundation open to new grantees?

28%

first-time grantees, 2025

In 2025, 15 of 54 grantees (28%) were first-time recipients. First grants averaged $1K; repeat grants $2K. How we count

Medians: $500 first-time, $1K repeat.

  • 56% of 2025 grantees were also funded in 2024. Method
  • Giving fell 23% from 2022 to 2025. Method
  • In 2025 it paid out 125% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2024 grants included support for health care organizations, schools, a university foundation, a church, and other charitable organizations. The University of West Georgia Foundation describes its mission as supporting the university in providing excellent higher education. Children’s Healthcare of Atlanta says its mission is “to make kids better today and healthier tomorrow,” while Tanner Medical Foundation describes its work as partnering with Tanner Health System to provide quality health care services.

Grantmaking

In 2024, the foundation made 65 grants totaling $96,300. Grant amounts ranged from $250 to $7,900, with a median of $1,000. Among its largest grants were $7,900 to Northside Methodist Church, $5,300 to Children’s Healthcare of Atlanta, $5,000 each to Deerfield Academy, Purdue Foundation, and UVA Health Foundation, and $3,500 to Operation Beautiful Feet. These grants were listed for general fund purposes.

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Geographic Focus

Where this funder awards grants

In 2024, Georgia organizations received 64% of grant dollars. Other leading recipient states were Virginia (8%), Massachusetts (5%), Indiana (5%), and New York (5%).

Grant Distribution by State

17states

Share of 2025 grant dollars across all 54 itemized grants.

Cities

CarrolltonAtlantaAthensNew YorkCharlottesvilleRoopvilleMariettaCedartownDeerfieldPortlandSanta Rosa BeachColorado SpringsSewaneeCharlsestonFort WorthPeachtree CityWest LafayetteDouglasvilleSmithfieldSouth Lake

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K65 grants2019 76 grants2020 75 grants2021 86 grants2022 64 grants2023 65 grants2024 54 grants2025

From 2019 to 2025, annual grant giving ranged from $91K (2023) to $139K (2021). In 2025 it made 54 grants totaling $99K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Tanner Health Foundation: $10KTanner Health Foundation$10KNorthside Methodist Church: $8KNorthside Methodist Church$8KShepherd Center Foundation: $7KShepherd Center Foundation$7KFirst Baptist Church of Carrollton: $7KFirst Baptist Church ofCarrollton$7KUVA Cancer Center: $6KUVA Cancer Center$6KDeerfield Academy: $5KDeerfield Academy$5KThe Citadel Foundation: $5KThe Citadel Foundation$5KCommunity Fdn of West GA: $3KCommunity Fdn of West GA$3KCarrollton Center for the Arts: $3KCarrollton Center for the Arts$3KJCC Foundation: $3KJCC Foundation$3K

The largest 2025 recipient was Tanner Health Foundation ($10K). Together the top 10 received $58K.

Grant Size Distribution

344 grants across all recorded years

344<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 344 grants of 344 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Tanner Health Foundation Carrollton, GAGeneral Fund$10,000
Northside Methodist Church Atlanta, GAGeneral Fund$8,000
Shepherd Center Foundation Atlanta, GAGeneral Fund$7,350
First Baptist Church of Carrollton Carrollton, GAGeneral Fund$7,250
UVA Cancer Center Charlottesville, VAGeneral Fund$6,000
Deerfield Academy Deerfield, MAGeneral Fund$5,000
The Citadel Foundation Charlseston, SCGeneral Fund$5,000
Community Fdn of West GA Carrollton, GAGeneral Fund$3,250
Carrollton Center for the Arts Carrollton, GAGeneral Fund$3,000
JCC Foundation Smithfield, NCGeneral Fund$3,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $2,018,443 $63,797 $102,863 $96,300
2023 $2,168,671 $133,097 $95,011 $91,175
2022 $1,749,920 $28,096 $131,295 $128,990
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,038,522$2,018,443$2,168,671
Revenue$120,767$63,797$133,097
Expenses$100,688$102,863$95,011
Qualifying Distributions$100,688$102,863$95,011
Net Investment Income$27,440$32,283$53,160
Distributable Amount$80,297$98,916$92,943

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS June 29, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Charles Edwin Cole, Carole Cole Musarra, and Connie Cole Jones as trustees.

The Cole Family Charitable Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Carole Cole Musarra

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Charles Edwin Cole

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Connie Cole Jones

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Grady Woodfin Cole (2019–2021) — Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: PO Box 278, Carrollton, GA 30112
Phone: (770) 832-2461

Frequently asked questions about The Cole Family Charitable Foundation

How much does The Cole Family Charitable Foundation give each year?

The Cole Family Charitable Foundation gave $99K across 54 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $96K across 65 grants.

What is The Cole Family Charitable Foundation's typical grant size?

The Cole Family Charitable Foundation's median grant in 2025 was $1,000, and its average grant was $1,832, across 54 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Cole Family Charitable Foundation that year got $1K on average.

Where does The Cole Family Charitable Foundation give grants?

The Cole Family Charitable Foundation gives mostly in Georgia: 73% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Virginia (7%) and South Carolina (5%). The most frequent recipient cities were Carrollton, GA (23 grants), Atlanta, GA (10 grants), New York, NY (3 grants) and Charlottesville, VA (2 grants).

Does The Cole Family Charitable Foundation give general operating support?

Yes: 98% of The Cole Family Charitable Foundation's 2025 grants with a stated purpose (53 of 54) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are The Cole Family Charitable Foundation's largest grantees?

The Cole Family Charitable Foundation's largest 2025 grantees include Tanner Health Foundation ($10,000), Northside Methodist Church ($8,000) and Shepherd Center Foundation ($7,350), according to its 2025 IRS Form 990-PF. Together they received 26% of its itemized 2025 grant dollars.

How large is The Cole Family Charitable Foundation?

The Cole Family Charitable Foundation reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $101K in qualifying distributions that year, against a required minimum of $80K (roughly 5% of its investment assets).

What does The Cole Family Charitable Foundation fund?

No mission statement for the foundation is provided. Its 2024 grants included support for health care organizations, schools, a university foundation, a church, and other charitable organizations. See mission & focus areas ↑

How do I apply for a grant from The Cole Family Charitable Foundation?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is The Cole Family Charitable Foundation's EIN?

The Cole Family Charitable Foundation's EIN (Employer Identification Number) is 58-2347978. IRS Form 990 filing data is available on this page for 2019–2025.

Does The Cole Family Charitable Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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