The Michael and Ronne Cosel Foundation
The Michael and Ronne Cosel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHTOWN, NY. IRS filing data is available from 2020 through 2023. In 2023, it awarded 10 grants totaling $90K. Net investment income was $4K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$90K
+29.2% YoY
Grant Count
10
+233.3% YoY
Avg Grant Size
$9K
-61.2% YoY
Under IRS private-foundation payout rules, The Michael and Ronne Cosel Foundation reported a distributable amount of $738 for 2023 — the minimum it must pay out in qualifying distributions.
About The Michael and Ronne Cosel Foundation
Based on IRS filings
The Michael and Ronne Cosel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHTOWN, NY. IRS filing data is available from 2020 through 2023. In 2023, it awarded 10 grants totaling $90K. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $116,436 | $199,690 |
| Revenue | $-6,262 | $-10,950 | $-3,412 |
| Expenses | $108,996 | $70,090 | $120,016 |
| Qualifying Distributions | $90,085 | $69,940 | $117,051 |
| Net Investment Income | $4,008 | $7,162 | $5,766 |
| Distributable Amount | $738 | $7,971 | $13,755 |
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 2023
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include The Gallery North ($50,000), The Danvers Art Assn ($7,585), The Gallery North ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Gallery North Setauket, NY | Art Appreciation for Diabled | $5,000 |
| The Gallery North Setauket, NY | Art Appreciation for Diabled | $2,500 |
| Horace Mann PTC Salem, MA | School | $2,000 |
| The Danvers Art Assoc Danvers, MA | Art Appreciation | $5,000 |
| Salem Art Association Salem, MA | Art Appreciation | $5,000 |
| The Gallery North Setauket, NY | Art Appreciation for Diabled | $50,000 |
| The Danver Community Council Danvers, MA | Food Pantry | $5,000 |
| The Salem Pantry Salem, MA | Food Pantry | $5,000 |
| Salem Art Association Salem, MA | Art Appreciation | $3,000 |
| The Danvers Art Assn Danvers, MA | Art Appreciation | $7,585 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ronne Cosel | Director | 2 | — |
| Paige Covello | Director | 2 | — |
| Daniel Covello | Director | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Michael and Ronne Cosel Foundation?
The Michael and Ronne Cosel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHTOWN, NY. It holds — in total assets as of 2023.
Where does The Michael and Ronne Cosel Foundation operate?
The Michael and Ronne Cosel Foundation has awarded grants in Massachusetts, New York.
What size grants does The Michael and Ronne Cosel Foundation award?
In 2023, The Michael and Ronne Cosel Foundation awarded 10 grants totaling $90K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Michael and Ronne Cosel Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Michael and Ronne Cosel Foundation reported a distributable amount of $738 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michael and Ronne Cosel Foundation's EIN?
The Michael and Ronne Cosel Foundation's EIN (Employer Identification Number) is 20-8543624. IRS Form 990 filing data is available on this page for 2020–2023.
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Browse active grant opportunities in The Michael and Ronne Cosel 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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