The Colen Foundation Inc
The Colen Foundation Inc is a private family foundation established in 1984 and based in Ocala, Florida. The foundation operates as a 501(c)(3) tax-exempt organization with a focus on charitable giving to qualified nonprofits and direct assistance to elderly individuals.
Key facts about The Colen Foundation Inc
- EIN
- 59-2474711
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $546,616
- Grants made (2024)
- 22
- Average grant
- $24,846
- Median grant
- $10,000
- Total assets
- $15,036,738
- Primary geography
- Florida (90% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who The Colen Foundation Inc funds
By grant dollars, the top recipient states for The Colen Foundation Inc's 22 itemized 2024 grants were Florida (90%). The most frequent recipient cities were Ocala, FL (8 grants) and Tampa, FL (3 grants). None of its 22 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Contribution" (19 grants) and "Support and Assist Aged Individuals" (3 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.0M
+1.7% YoY
Annual Giving
$547K
+8.6% YoY
Grant Count
22
-33.3% YoY
Avg Grant Size
$25K
+62.8% YoY
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.
Mission & Focus Areas
The foundation's primary mission is to make grants to qualified charities and provide assistance to the charitable class of the aged, enabling members of this population to maintain a modest standard of living in their communities during their declining years.
Funding priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Creative Writing
- Historic Buildings
- Journalism
- Charter Schools
Grantmaking
The foundation made 47 grants in 2024, including:
Grant Range
$72–$142,846
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Florida, Georgia, and Pennsylvania.
Grant Distribution by State
Share of all 22 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (Fiscal Year Ending November 2024):
- Total assets: $15,036,738
- Total revenues: $939,465
- Total expenses: $622,306
- Total giving: $546,616
- Number of employees: 0
Investment Income:
- 2024: $417,693
- 2023: $374,503 (11.5% increase)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,036,738 | $14,779,415 | $15,130,866 |
| Revenue | $939,465 | $608,440 | $642,785 |
| Expenses | $622,306 | $569,405 | $663,601 |
| Qualifying Distributions | $585,368 | $563,373 | $656,735 |
| Net Investment Income | $886,486 | $564,158 | $596,046 |
| Distributable Amount | $947,664 | $818,900 | $843,919 |
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
194 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Horticultural Arts Park Institute I ($142,846), Temple Beth Shalom ($75,000), Congregation B'nai Israel of St Pet ($70,000).
| 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 |
| Life Estate Karel Dupree Ocala, FL | Support and Assist Aged Individuals | $48,039 |
| 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 |
| Life Estate Marguerite Cox Ocala, FL | Support and Assist Aged Individuals | $12,667 |
| Union for Reform Judiasm-Camp Colem Atlanta, GA | Charitable Contribution | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's trustees include:
- Ina A Colen
- Kenneth D Colen
- Robert Colen
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHANIE BERGEN | ASST SEC | 1 | — |
| KENNETH D COLEN | President | 4 | — |
| ROBERT COLEN | ASST SEC/DIR | 2 | — |
| GERALD R COLEN | TREAS/SEC/DIR | 1 | — |
| LESLEE R COLEN | Vice President | 1 | — |
Contact Information
Address: 8435 SW 80th St Unit 2, Ocala, FL 34481-9127
Telephone: 352-873-0848
EIN: 59-2474711
Frequently Asked Questions
What does The Colen Foundation Inc fund?
The foundation's primary mission is to make grants to qualified charities and provide assistance to the charitable class of the aged, enabling members of this population to maintain a modest standard of living in their communities during their declining years. Funding priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts and Creative Writing • Historic Buildings • Journalism • Charter Schools
How do I apply for a grant from The Colen Foundation Inc?
**Financial Capacity:** • Total assets: $15,036,738 • Total giving (2024): $546,616 • Typical grant range: $72–$142,846 **Recent Grant Activity:** The foundation made 47 grants in 2024, including: • Temple Beth Shalom of Ocala: $75,000 • Project Hope of Marion County: $50,000 • Hillel School of Tampa: $40,000 The foundation also maintains a direct assistance program supporting aged individuals in maintaining their home environment, with three beneficiaries assisted in the most recent year.
Where does The Colen Foundation Inc make grants?
The foundation primarily funds organizations in Florida, Georgia, and Pennsylvania.
What size grants does The Colen Foundation Inc award?
In 2024, The Colen Foundation Inc awarded 22 grants totaling $547K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is The Colen Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Colen Foundation Inc reported a distributable amount of $948K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Colen Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.