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.
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
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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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