The Cole Family Foundation Inc
The Cole Family Foundation Inc is a private foundation, based in Vienna, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $91K in total assets. In 2024, it awarded 2 grants totaling $5K. Net investment income was $29K.
The Cole Family Foundation Inc at a glance
In short: The Cole Family Foundation Inc gave $5K across 2 grants in 2024 (avg $2K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,900
- -36.9% vs 2023
- Grants made (2024)
- 2
- -50.0% vs 2023
- Average grant
- $2,450
- +26.2% vs 2023
- Median grant
- $2,450
- Total assets
- $90,940
- +12.0% vs 2023
- Primary geography
- Ohio (51% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Cole Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was We Care Arts ($3K). Together the top 2 received $5K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How The Cole Family Foundation Inc gives
- Giving fell 50% from 2021 to 2024. Method
- In 2024 it paid out 638% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $5K (2024) to $14K (2020). In 2024 it made 2 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| We Care Arts Kettering, OH | Support Charitable Purpose | $2,500 |
| Worldlink Associates Inc Burnsville, MN | Support Charitable Purpose | $2,400 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $90,940 | $46,479 | $28,590 | $4,900 | 2 | $28,314 | $29,407 | $4,440 |
| 2023 | $81,202 | $36,088 | $39,959 | $7,764 | 4 | $39,879 | $10,376 | $5,182 |
| 2022 | $89,375 | $36,960 | $59,173 | $8,470 | 4 | $57,824 | $22,116 | $6,694 |
| 2021 | $133,390 | $35,696 | $44,418 | $9,841 | 5 | $40,798 | $24,695 | $8,819 |
| 2020 | $145,978 | $25,375 | $55,542 | $13,837 | 8 | — | $15,887 | $10,234 |
Under IRS private-foundation payout rules, The Cole Family Foundation Inc reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Cole Family Foundation Inc is led by Robert D. Cole, President & Treasurer on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert D. Cole
President & Treasurer
On filings since 2020
25 hrs/week
$18K (2020) → $0 (2024)
Alan Wong
Chairperson
On filings since 2020
No compensation reported
Jennifer Salgado
Director
On filings since 2020
No compensation reported
Jimmy Wilson
Director
On filings since 2020
No compensation reported
Patty Wilson
Director
On filings since 2020
No compensation reported
Debra Cole
Vice Chairperson & Secretary
Director → Vice Chairperson & Secretary, 2021
On filings since 2020
No compensation reported
Former officers (1)
- Former: Jennifer Cole (2020) — Vice Chairperson & Secretary
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $9K, to Robert D Cole (President & Treasurer).
Frequently asked questions about The Cole Family Foundation Inc
How much does The Cole Family Foundation Inc give each year?
The Cole Family Foundation Inc gave $5K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8K across 4 grants.
How large is The Cole Family Foundation Inc?
The Cole Family Foundation Inc reported $91K in total assets on its 2024 IRS Form 990-PF. It paid out $28K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
Where does The Cole Family Foundation Inc operate?
The Cole Family Foundation Inc has awarded grants in Colorado, Massachusetts, Minnesota, Ohio, Tennessee, Texas, Wisconsin, West Virginia.
What is The Cole Family Foundation Inc's EIN?
The Cole Family Foundation Inc's EIN (Employer Identification Number) is 55-0820931. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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