The Olive Foundation
The Olive Foundation is a private foundation, based in Woodland Hills, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $500K in total assets. Net investment income was $8K.
The Olive Foundation at a glance
- Total assets
- $500,341
- +2.1% vs 2023
- Revenue (2024)
- $15,201
- -43.8% vs 2023
- Net investment income (2024)
- $8,470
- -62.2% vs 2023
- Expenses (2024)
- $4,815
- -32.3% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Olive Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Olive Foundation gives
- Giving fell 99% from 2020 to 2023. Method
- In 2023 it paid out 11% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2023, annual grant giving ranged from $3K (2023) to $463K (2020). In 2023 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sonny Boy Blues Society Inc Helena, AR | To promote and preserve the cultural heritage of the delta blues. | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $500,341 | $15,201 | $4,815 | — | — | — | $8,470 | $26,877 |
| 2023 | $489,955 | $27,028 | $7,113 | $2,500 | 1 | $2,500 | $22,415 | $23,325 |
| 2022 | $470,040 | $8,363 | $28,696 | $25,000 | 1 | $25,000 | $6,074 | $23,433 |
| 2021 | $492,637 | $553 | $51,483 | $50,000 | 1 | $50,000 | $53 | $26,236 |
| 2020 | $543,567 | $13,283 | $475,495 | $462,500 | 2 | — | $2,445 | $33,467 |
Under IRS private-foundation payout rules, The Olive Foundation reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Olive Foundation is led by Charles McClaskey, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Charles McClaskey
President
On filings since 2020
1 hr/week
No compensation reported
Donald Reordan
Director
On filings since 2020
1 hr/week
No compensation reported
Wallace McCloskey
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Olive Foundation
How large is The Olive Foundation?
The Olive Foundation reported $500K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $15K.
Where does The Olive Foundation operate?
The Olive Foundation has awarded grants in Arkansas.
How much is The Olive Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Olive Foundation reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Olive Foundation's EIN?
The Olive Foundation's EIN (Employer Identification Number) is 82-3392807. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Olive Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Olive Foundation's focus areas in our free grants database
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Figures come from The Olive Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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