The Colen Foundation Inc
The Colen Foundation Inc is a private foundation based in Ocala, Florida. It makes grants to qualified charities and provides direct assistance to older adults to help them maintain a modest standard of living in their communities.
The Colen Foundation Inc at a glance
In short: The Colen Foundation Inc gave $547K across 22 grants in 2024 (avg $25K), mostly in Florida. 26% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $546,616
- +8.6% vs 2023
- Grants made (2024)
- 22
- -33.3% vs 2023
- Average grant
- $24,846
- +62.8% vs 2023
- Median grant
- $10,000
- Total assets
- $15,036,738
- +1.7% vs 2023
- New grantees (estimate)
- 26% first-time grantees (5 of 19, 2024; small sample)
- Primary geography
- Florida (90% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Colen Foundation Inc
- Contact
Application contact: Krystel Torres
Mailing address: 8435 Sw 80Th Street Suite 2, Ocala, FL 34481
Phone: (352) 873-0848
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Colen Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Horticultural Arts Park Institute I ($143K). Together the top 10 received $451K.
Organizations only. It also paid 3 grants to individuals ($62,770), which are not listed by name.
Grant Size Distribution
194 grants across all recorded years
The most common grant size was under $50K: 181 grants of 194 (93%).
Geographic Focus
Where this funder awards grants
In 2024, 90% of grant dollars went to recipients in Florida. The remaining reported shares were Georgia (4%), Oregon (3%), New Jersey (2%), and California (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
States
Cities
Is The Colen Foundation Inc open to new grantees?
26%
first-time grantees, 2024
In 2024, 5 of 19 grantees (26%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $12K; repeat grants $30K. How we count
Medians: $10K first-time, $7K repeat.
- 53% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+1%). Method
- In 2024 it paid out 62% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $504K (2023) to $657K (2020). In 2024 it made 22 grants totaling $547K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Horticultural Arts Park Institute I Ocala, FL | Charitable Contribution | $142,846 |
| Temple Beth Shalom Ocala, FL | Charitable Contribution | $75,000 |
| Congregation B'nai Israel of St Pet St Petersburg, FL | Charitable Contribution | $70,000 |
| Project Hope of Marion County Ocala, FL | Charitable Contribution | $50,000 |
| 3 grants to individuals Recipients not named | — | $62,770 |
| Hillel School of Tampa Inc Tampa, FL | Charitable Contribution | $40,000 |
| Tampa Bay Performing Arts Center Tampa, FL | Charitable Contribution | $25,000 |
| Hand In Hand Center for Jewish-Arab Portland, OR | Charitable Contribution | $18,000 |
| Union for Reform Judiasm-Camp Colem Atlanta, GA | Charitable Contribution | $10,000 |
| Friends of Yad LaKashish-Lifeline f Englewood, NJ | Charitable Contribution | $10,000 |
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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 | $15,036,738 | $939,465 | $622,306 | $546,616 | 22 | $585,368 | $886,486 | $947,664 |
| 2023 | $14,779,415 | $608,440 | $569,405 | $503,538 | 33 | $563,373 | $564,158 | $818,900 |
| 2022 | $15,130,866 | $642,785 | $663,601 | $599,558 | 46 | $656,735 | $596,046 | $843,919 |
| 2021 | $15,272,674 | $1,732,659 | $616,524 | $539,920 | 46 | — | $1,683,206 | $910,370 |
| 2020 | $14,782,838 | $7,178,354 | $740,270 | $657,127 | 47 | — | $1,251,147 | $734,168 |
Under IRS private-foundation payout rules, The Colen Foundation Inc reported a distributable amount of $948K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation states that it makes grants to qualified charities and assists the charitable class of older adults so they can maintain a modest standard of living in their communities during their declining years.
Its 2024 grants included support for organizations with varied missions. Project Hope of Marion County describes its work as providing permanent supportive and affordable housing for homeless families in Marion County. Hillel School of Tampa describes a school program serving children from age one through eighth grade. Tampa Bay Performing Arts Center says it aims to inspire, educate, and connect the community through performing arts. Savannah Voice Festival describes presenting classical vocal performances, educational programs, and community events.
Other 2024 recipients included Neighborly Care Network, which describes programs in nutrition, transportation, and adult day care; Canine Companions for Independence, which provides trained service dogs and ongoing support to people with disabilities; and Canine Assisted Therapy, which uses certified pet therapy teams to support people with developmental, emotional, or physical challenges.
Grantmaking
In 2024, the foundation reported 22 grants totaling $546,616. Grant amounts ranged from $2,000 to $142,846, with a median of $10,000.
Among the largest 2024 grants were $142,846 to Horticultural Arts Park Institute I, $75,000 to Temple Beth Shalom, $70,000 to Congregation B’nai Israel of St. Petersburg, and $50,000 to Project Hope of Marion County. Other notable awards included $48,039 to an individual recipient, $40,000 to Hillel School of Tampa, and $25,000 to Tampa Bay Performing Arts Center.
The foundation states that it has an application form for all 501(c)(3) applicants. Its board also evaluates potential beneficiaries for its rental or remainder-interest program. The stated procedures include advising older applicants to seek independent legal and financial advice and assessing income and, for the remainder-interest program, the home’s market value. The foundation states that awards are for qualified charities and that it also provides assistance to older adults. Deadline: None.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Kenneth D. Colen as president; Leslee R. Colen as vice president; Gerald R. Colen as treasurer, secretary, and director; Robert Colen as assistant secretary and director; and Stephanie Bergen as assistant secretary.
The Colen Foundation Inc is led by Kenneth D. Colen, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kenneth D. Colen
President
On filings since 2020
4 hrs/week
No compensation reported
Gerald R. Colen
Treasurer, Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Robert Colen
Assistant Secretary & Director
On filings since 2020
2 hrs/week
No compensation reported
Leslee R. Colen
Vice President
On filings since 2020
1 hr/week
No compensation reported
Stephanie Bergen
Assistant Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Barbara Ortiz (2020–2022) — Assistant 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.
Frequently asked questions about The Colen Foundation Inc
How much does The Colen Foundation Inc give each year?
The Colen Foundation Inc gave $547K across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $504K across 33 grants.
What is The Colen Foundation Inc's typical grant size?
The Colen Foundation Inc's median grant in 2024 was $10,000, and its average grant was $24,846, across 22 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Colen Foundation Inc that year got $12K on average.
Where does The Colen Foundation Inc give grants?
The Colen Foundation Inc gives mostly in Florida: 90% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Ocala, FL (5 grants) and Tampa, FL (3 grants).
Who are The Colen Foundation Inc's largest grantees?
The Colen Foundation Inc's largest 2024 grantees include Horticultural Arts Park Institute I ($142,846), Temple Beth Shalom ($75,000) and Congregation B'nai Israel of St Pet ($70,000), according to its 2024 IRS Form 990-PF. It also paid 3 grants to individuals ($62,770), which are not listed by name. Together they received 53% of its itemized 2024 grant dollars.
How large is The Colen Foundation Inc?
The Colen Foundation Inc reported $15.0M in total assets on its 2024 IRS Form 990-PF. It paid out $585K in qualifying distributions that year, against a required minimum of $948K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Colen Foundation Inc fund?
The foundation states that it makes grants to qualified charities and assists the charitable class of older adults so they can maintain a modest standard of living in their communities during their declining years. See mission & focus areas ↑
How do I apply for a grant from The Colen Foundation Inc?
The Colen Foundation Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is The Colen Foundation Inc's EIN?
The Colen Foundation Inc's EIN (Employer Identification Number) is 59-2474711. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Cite this profile
Grantable. (2026). The Colen Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-colen-foundation-inc-morg_a264f88a8b164f7ea7078e18b7faf5ec
BibTeX
@misc{grantable_592474711_2026,
author = {{Grantable}},
title = {{The Colen Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-colen-foundation-inc-morg_a264f88a8b164f7ea7078e18b7faf5ec},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Colen Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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