The Kole Foundation Inc

Private foundation · Grantmaker Savannah, GA EIN: 46-1094116

The Kole Foundation Inc is a private foundation, based in Savannah, GA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.8M in total assets. In 2025, it awarded 4 grants totaling $1.3M. Net investment income was $323K.

Key facts about The Kole Foundation Inc

In short: The Kole Foundation Inc gave $1.3M across 4 grants in 2025 (avg $336K), mostly in Georgia. Source: 2025 IRS Form 990-PF.

EIN
46-1094116
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1,343,192
Grants made (2025)
4
Average grant
$335,798
Median grant
$421,546
Total assets
$2,776,553
Primary geography
Georgia (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.8M

-27.0% YoY

Annual Giving

$1.3M

+273.9% YoY

Grant Count

4

+100.0% YoY

Avg Grant Size

$336K

+87.0% YoY

Under IRS private-foundation payout rules, The Kole Foundation Inc reported a distributable amount of $190K for 2025 — the minimum it must pay out in qualifying distributions.

How The Kole Foundation Inc gives

  • Giving grew 26764% from 2022 to 2025. Method
  • In 2025 it paid out 709% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 4 itemized grants.

Cities

SavannahAtlantaOakland GardensSandy SpringsSouthfield

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M9 grants2020 1 grant2021 1 grant2022 1 grant2023 2 grants2024 4 grants2025

From 2020 to 2025, annual grant giving ranged from $1K (2021) to $1.3M (2025). In 2025 it made 4 grants totaling $1.3M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Hospice Savannah Inc: $500KHospice Savannah Inc$500KSavannah Museum of African Art: $468KSavannah Museum of African Art$468KJewish Educational Alliance: $375KJewish Educational Alliance$375KTemple Sinai: $100Temple Sinai$100

The largest 2025 recipient was Hospice Savannah Inc ($500K). Together the top 4 received $1.3M.

Grant Size Distribution

9 grants across all recorded years

4<$50K$50–100K$100–250K4$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 9 (44%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Hospice Savannah Inc Savannah, GAOperating Support$500,000
Savannah Museum of African Art Savannah, GAOperating Support$468,092
Jewish Educational Alliance Savannah, GAOperating Support$375,000
Temple Sinai Sandy Springs, GAOperating Support$100

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,776,553$3,801,237$3,867,873
Revenue$344,653$318,472$201,279
Expenses$1,369,337$385,108$376,313
Qualifying Distributions$1,344,559$370,712$364,656
Net Investment Income$323,109$222,076$189,622
Distributable Amount$189,635$199,241$192,988

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS June 10, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 5, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 1, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS August 7, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS June 10, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Kole Foundation Inc is led by Donald A. Kole, CEO on every filing since 2020; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Donald A. Kole

    CEO

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jeffrey Kole

    CFO

    On filings since 2020

    1 hr/week

    No compensation reported

  • Debbie Shelton

    Secretary

    On filings since 2023

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Kaye Kole (2020) — Secretary

Data from IRS Form 990 filings, 2020–2025. "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 Kole Foundation Inc

How much does The Kole Foundation Inc give each year?

The Kole Foundation Inc gave $1.3M across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $359K across 2 grants.

What is The Kole Foundation Inc's typical grant size?

The Kole Foundation Inc's median grant in 2025 was $421,546, and its average grant was $335,798, across 4 grants on its 2025 IRS Form 990-PF.

Where does The Kole Foundation Inc give grants?

The Kole Foundation Inc gives mostly in Georgia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Savannah, GA (3 grants).

Does The Kole Foundation Inc give general operating support?

Yes: 100% of The Kole Foundation Inc's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is The Kole Foundation Inc?

The Kole Foundation Inc reported $2.8M in total assets on its 2025 IRS Form 990-PF. It paid out $1.3M in qualifying distributions that year, against a required minimum of $190K (roughly 5% of its investment assets).

What is The Kole Foundation Inc's EIN?

The Kole Foundation Inc's EIN (Employer Identification Number) is 46-1094116. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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