The Kole Foundation Inc
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.
The Kole Foundation Inc at a glance
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.
- Annual giving (2025)
- $1,343,192
- +273.9% vs 2024
- Grants made (2025)
- 4
- +100.0% vs 2024
- Average grant
- $335,798
- +87.0% vs 2024
- Median grant
- $421,546
- Total assets
- $2,776,553
- -27.0% vs 2024
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Kole Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
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
The most common grant size was under $50K: 4 grants of 9 (44%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1K (2021) to $1.3M (2025). In 2025 it made 4 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hospice Savannah Inc Savannah, GA | Operating Support | $500,000 |
| Savannah Museum of African Art Savannah, GA | Operating Support | $468,092 |
| Jewish Educational Alliance Savannah, GA | Operating Support | $375,000 |
| Temple Sinai Sandy Springs, GA | Operating Support | $100 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,776,553 | $344,653 | $1,369,337 | $1,343,192 | 4 | $1,344,559 | $323,109 | $189,635 |
| 2024 | $3,801,237 | $318,472 | $385,108 | $359,205 | 2 | $370,712 | $222,076 | $199,241 |
| 2023 | $3,867,873 | $201,279 | $376,313 | $347,000 | 1 | $364,656 | $189,622 | $192,988 |
| 2022 | $4,042,907 | $4,025,848 | $6,562 | $5,000 | 1 | $5,000 | $4,286 | $17,863 |
| 2021 | $23,621 | $554 | $2,246 | $1,000 | 1 | $1,000 | — | $1,819 |
| 2020 | $25,313 | $3,977 | $82,249 | $82,000 | 9 | — | $3,728 | $3,094 |
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.
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 10, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Kole Foundation Inc funds
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