The Cole Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $826K in total assets. In 2024, it awarded 7 grants totaling $42K. Net investment income was $60K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$826K
+2.0% YoY
Annual Giving
$42K
-4.5% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$6K
-4.5% YoY
Under IRS private-foundation payout rules, The Cole Foundation Trust reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.
About The Cole Foundation Trust
Based on IRS filings
The Cole Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $826K in total assets. In 2024, it awarded 7 grants totaling $42K. Net investment income was $60K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $826,422 | $809,930 | $827,891 |
| Revenue | $72,070 | $38,411 | $5,478 |
| Expenses | $55,527 | $56,404 | $51,996 |
| Qualifying Distributions | $43,450 | $45,450 | $37,450 |
| Net Investment Income | $60,091 | $26,131 | $9,626 |
| Distributable Amount | $47,481 | $43,797 | $45,660 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Junior Auxiliary of Rankin County ($11,500), Nature Conservancy in Alabama ($10,000), St John's Episcopal Church ($9,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILD ADVOCACY CENTER MOBILE, AL | OPERATIONS | $3,000 |
| JUNIOR AUXILIARY OF RANKIN COUNTY BRANDON, MS | $5,250 FOR OPERATIONS AND $6,250 FOR LAURA VALERY COLE SCHOLARSHIP FUND | $11,500 |
| MEMORIAL TRUST OF THE NSCDA IN ALABAMA WASHINGTON, DC | OPERATIONS - IN MEMORY OF LAURA JONES CONVERSE | $1,000 |
| NATURE CONSERVANCY IN ALABAMA MOBILE, AL | FOR PROJECTS IN SOUTHWEST ALABAMA | $10,000 |
| ST JOHN'S EPISCOPAL CHURCH MOBILE, AL | OPERATIONS - IN MEMORY OF DR. BRANDY C. COLE | $9,500 |
| WILMER HALL MOBILE, AL | OPERATIONS | $5,000 |
| ST BENEDICT'S EPISCOPAL CHURCH PLANTATION, FL | OPERATIONS - IN MEMORY OF DR. BRANDY C. COLE | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHERINE VANCE | TRUSTEE | 0.1 | — |
| LAURA JC MENARD | TRUSTEE | 0.1 | — |
| ROGER E COLE | TRUSTEE | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Cole Foundation Trust?
The Cole Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. It holds $826K in total assets as of 2024.
How large is The Cole Foundation Trust?
As of 2024, The Cole Foundation Trust holds $826K in total assets with $72K in annual revenue. It awarded 7 grants totaling $42K in 2024.
Where does The Cole Foundation Trust operate?
The Cole Foundation Trust has awarded grants in Alabama, District of Columbia, Florida, Mississippi.
What size grants does The Cole Foundation Trust award?
In 2024, The Cole Foundation Trust awarded 7 grants totaling $42K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Cole Foundation Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cole Foundation Trust reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cole Foundation Trust's EIN?
The Cole Foundation Trust's EIN (Employer Identification Number) is 56-2547408. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Cole Foundation 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.
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