The Cole Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FALLSTON, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 19 grants totaling $80K. Net investment income was $156K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+3.8% YoY
Annual Giving
$80K
-31.0% YoY
Grant Count
19
-32.1% YoY
Avg Grant Size
$4K
+1.6% YoY
Under IRS private-foundation payout rules, The Cole Foundation Inc reported a distributable amount of $220K for 2024 — the minimum it must pay out in qualifying distributions.
About The Cole Foundation Inc
Based on IRS filings
The Cole Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FALLSTON, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 19 grants totaling $80K. Net investment income was $156K.
Focus Areas
Ready to take the next step with The Cole Foundation Inc?
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 | $2,309,202 | $2,225,133 | $2,256,111 |
| Revenue | $194,211 | $108,253 | $-64,632 |
| Expenses | $111,582 | $139,959 | $159,306 |
| Qualifying Distributions | $80,000 | $116,000 | $136,000 |
| Net Investment Income | $156,170 | $81,664 | $47,678 |
| Distributable Amount | $220,009 | $115,336 | $120,302 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
133 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Off the Streets ($15,000), Miracles in Action ($10,000), Skyline Church of Christ ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AARONS ACRES LANCASTER, PA | CAMP FOR DISABLED CHILDREN | $3,000 |
| ADDICTION CONNECTIONS RESOURCES FALLSTON, MD | SUPPORTS ADDICTION RECOVERY | $5,000 |
| CARE FOR ALS DENTON, MD | ALS CARETAKING | $1,000 |
| CHARHOPE FOUNDATION STREET, MD | SUPPORTS ADDICTION RECOVERY | $5,000 |
| EMPOWER 4 LIFE INC KINGSVILLE, MD | INSPIRE HOPE AND PROMOTE HEALTH | $8,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES FALLSTON, MD | CHRISTIAN MINISTRY TO ATHLETES | $1,000 |
| HELPING UP MISSION BALTIMORE, MD | PROVIDE MEALS, SHELTER & CARE | $2,000 |
| HOMES FOR OUR TROOPS TAUNTON, MA | PROVIDE CUSTOM HOMES TO VETERANS | $2,000 |
| KYLEE'S DANCING ANGELS BALDWIN, MD | MISC CHARITABLE GOALS | $1,000 |
| MEALS ON WHEELS BALTIMORE, MD | FOOD FOR HOMEBOUND | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARBARA S FORD | PRESIDENT | — | — |
| CHELSEA HEUMAN | DIRECTOR | — | — |
| BETH L MACK | VICE PRESIDE | — | — |
| ELLEN L COLE | DIRECTOR | — | — |
| BONNIE J COLE | DIRECTOR | — | — |
| ALISON MARCH | DIRECTOR | — | — |
| BRENDAN FORD | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Cole Foundation Inc?
The Cole Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FALLSTON, MD. It holds $2.3M in total assets as of 2024.
How large is The Cole Foundation Inc?
As of 2024, The Cole Foundation Inc holds $2.3M in total assets with $194K in annual revenue. It awarded 19 grants totaling $80K in 2024.
Where does The Cole Foundation Inc operate?
The Cole Foundation Inc has awarded grants in Arkansas, Florida, Georgia, Illinois, Indiana, Massachusetts, Maryland, Michigan, North Carolina, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Washington.
What size grants does The Cole Foundation Inc award?
In 2024, The Cole Foundation Inc awarded 19 grants totaling $80K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Cole Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cole Foundation Inc reported a distributable amount of $220K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cole Foundation Inc's EIN?
The Cole Foundation Inc's EIN (Employer Identification Number) is 52-1907361. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Cole Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Abell Foundation Inc
BALTIMORE, MD
Assets
$296.4M
Grants
391
Total Given
$13.4M
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
$12K
American Federation for Children Growth
COLUMBIA, MD
Assets
$9.4M
Grants
11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Cole Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Cole Foundation Inc to a real strategy.