The Gerrit and Amy Cole Foundation
The Gerrit and Amy Cole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 10 grants totaling $126K. Net investment income was $59K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+25.8% YoY
Annual Giving
$126K
+8.9% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$13K
+8.9% YoY
Under IRS private-foundation payout rules, The Gerrit and Amy Cole Foundation reported a distributable amount of $109K for 2024 — the minimum it must pay out in qualifying distributions.
About The Gerrit and Amy Cole Foundation
Based on IRS filings
The Gerrit and Amy Cole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 10 grants totaling $126K. Net investment income was $59K.
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 | $2,498,023 | $1,985,330 | $1,425,789 |
| Revenue | $666,805 | $681,311 | $439,803 |
| Expenses | $154,112 | $136,770 | $88,222 |
| Qualifying Distributions | $145,111 | $130,373 | $84,269 |
| Net Investment Income | $58,704 | $45,912 | $17,202 |
| Distributable Amount | $108,770 | $97,182 | $54,756 |
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
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Irvine Barclay Theatre Operating Co ($40,000), Fund for Public Schools Inc ($15,103), Backhaus Dance ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AARON JUDGE ALL RISE FOUNDATION STOCKTON, CA | General & Unrestricted | $10,000 |
| BACKHAUS DANCE MISSION VIEJO, CA | General & Unrestricted | $15,000 |
| FUND FOR PUBLIC SCHOOLS INC NEW YORK, NY | Field Trip fund for the Laboratory School of Finance and Technology | $15,103 |
| IRVINE BARCLAY THEATRE OPERATING CO IRVINE, CA | General & Unrestricted | $40,000 |
| PACIFIC SYMPHONY IRVINE, CA | General & Unrestricted | $5,000 |
| PHILHARMONIC SOCIETY OF ORANGE COUNTY IRVINE, CA | General & Unrestricted | $6,000 |
| PLAYERS PHILANTHROPY FUND TOWSON, MD | to support The Carlos Rodon Foundation | $10,000 |
| THE PLAYERS ALLIANCE INC FORT LEE, NJ | JR 4 the BX fund | $10,000 |
| TOM COUGHLIN JAY FUND FOUNDATION INC JACKSONVILLE, FL | General & Unrestricted | $10,000 |
| UNIVERSITY OF CALIFORNIA IRVINE FOUNDATION IRVINE, CA | UCI Baseball program | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Amy Cole | Dir, Pres | 1 | — |
| Gerrit Cole | CFO, Dir | 1 | — |
| Heather Hargrove | Sec | 1 | — |
| Alexander Stimpson | Dir, VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gerrit and Amy Cole Foundation?
The Gerrit and Amy Cole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. It holds $2.5M in total assets as of 2024.
How large is The Gerrit and Amy Cole Foundation?
As of 2024, The Gerrit and Amy Cole Foundation holds $2.5M in total assets with $667K in annual revenue. It awarded 10 grants totaling $126K in 2024.
Where does The Gerrit and Amy Cole Foundation operate?
The Gerrit and Amy Cole Foundation has awarded grants in California, Florida, Maryland, New Jersey, New York.
What size grants does The Gerrit and Amy Cole Foundation award?
In 2024, The Gerrit and Amy Cole Foundation awarded 10 grants totaling $126K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is The Gerrit and Amy Cole Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gerrit and Amy Cole Foundation reported a distributable amount of $109K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gerrit and Amy Cole Foundation's EIN?
The Gerrit and Amy Cole Foundation's EIN (Employer Identification Number) is 85-0612436. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Gerrit and Amy Cole Foundation'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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