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
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
Ready to take the next step with The Colen Foundation Inc?
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
Among its reported 2024 grants, the largest 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 |
|---|---|---|
| Public Education Foundation of Mari Ocala, FL | Charitable Contribution | $3,000 |
| Canine Companions for Independence Orlando, FL | Charitable Contribution | $3,000 |
| Canine Assisted Therapy Inc Oakland Park, FL | Charitable Contribution | $2,000 |
| Hillel School of Tampa Inc Tampa, FL | Charitable Contribution | $40,000 |
| Israel Guide Dog Center for the Bli Warrington, PA | Charitable Contribution | $2,000 |
| National Disaster Search Dog Santa Paula, CA | Charitable Contribution | $3,000 |
| Temple Beth Shalom Ocala, FL | Charitable Contribution | $75,000 |
| Horticultural Arts Park Institute I Ocala, FL | Charitable Contribution | $142,846 |
| The Perlman Music Program Suncoast Sarasota, FL | Charitable Contribution | $2,000 |
| Congregation B'nai Israel of St Pet St Petersburg, FL | Charitable Contribution | $70,000 |
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
Related Funders
Similar funders by location and focus area
Virgil P Warren Fdn Tr Ua
ORLANDO, FL
Assets
$4.2M
Grants
14
Total Given
$96K
Palm Valley Academy Parent-teacher
PONTE VEDRA, FL
Assets
$261K
Grants
1
Total Given
$78K
The Fritch Foundation
FT LAUDERDALE, FL
Assets
—
Grants
17
Total Given
$167K
Leiman Asterisk Foundation Inc
DELRAY BEACH, FL
Assets
$1.2M
Grants
2
Total Given
$62K
Rachel Memorial Foundation
SANTA RSA BCH, FL
Assets
—
Grants
6
Total Given
$10K
My Brother'ssister's Keeper Charitable
ROYAL PALM BEACH, FL
Assets
$462K
Grants
1
Total Given
$50K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Colen 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 Colen Foundation Inc to a real strategy.