The Paul & Carol Cole Foundation Inc
The Paul & Carol Cole Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BLUEFIELD, WV. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $4.5M in total assets. In 2025, it awarded 15 grants totaling $223K. Net investment income was $141K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.5M
+2.5% YoY
Annual Giving
$223K
+13.0% YoY
Grant Count
15
+0.0% YoY
Avg Grant Size
$15K
+13.0% YoY
Under IRS private-foundation payout rules, The Paul & Carol Cole Foundation Inc reported a distributable amount of $258K for 2025 — the minimum it must pay out in qualifying distributions.
About The Paul & Carol Cole Foundation Inc
Based on IRS filings
The Paul & Carol Cole Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BLUEFIELD, WV. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $4.5M in total assets. In 2025, it awarded 15 grants totaling $223K. Net investment income was $141K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,494,931 | $4,386,373 | $4,424,094 |
| Revenue | $383,007 | $214,502 | $563,105 |
| Expenses | $274,449 | $252,223 | $172,579 |
| Qualifying Distributions | $230,225 | $203,837 | $147,251 |
| Net Investment Income | $140,609 | $123,990 | $84,085 |
| Distributable Amount | $258,045 | $231,455 | $210,593 |
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 2025
Grant Size Distribution
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include City of Bluefield ($82,879), Town of Bluefield Virginia ($33,710), Bluefield State University ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUE RIDGE JUNIOR GOLF TOUR BLUEFIELD, WV | GENERAL CONTRIBUTION | $5,000 |
| BLUEFIELD STATE UNIVERSITY BLUEFIELD, WV | GOLF PROGRAM | $9,400 |
| BLUEFIELD STATE UNIVERSITY BLUEFIELD, WV | W. PAUL COLE SCHOOL OF BUSINESS | $6,000 |
| CITY OF BLUEFIELD BLUEFIELD, WV | PUBLIC WORKS ANDROID TABLETS | $1,500 |
| CITY OF BLUEFIELD BLUEFIELD, WV | GENERAL CONTRIBUTION | $82,879 |
| HOPE RIDGE RECOVERY INC BLUEFIELD, WV | GENERAL CONTRIBUTION | $5,000 |
| TOWN OF BLUEFIELD VIRGINIA BLUEFIELD, VA | GENERAL CONTRIBUTION | $33,710 |
| TOWN OF BLUEFIELD VIRGINIA BLUEFIELD, VA | FINCASTLE GOLF | $2,608 |
| COMMUNITY CONNECTIONS PRINCETON, WV | GENERAL CONTRIBUTION | $2,500 |
| SCOTT STREET BAPTIST CHURCH BLUEFIELD, WV | SOUND SYSTEM | $7,280 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM P COLE | VICE PRESIDENT | — | — |
| CHARLES M COLE SR | PRESIDENT | — | — |
| JASON P COLE | DIRECTOR | — | — |
| CHARLES M COLE JR | DIRECTOR | — | — |
| LEA-ANNE L GREENE | SECRETARY/TREASURER | — | — |
| GARRY MOORE | DIRECTOR | — | — |
| THOMAS J COLE | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Paul & Carol Cole Foundation Inc?
The Paul & Carol Cole Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BLUEFIELD, WV. It holds $4.5M in total assets as of 2025.
How large is The Paul & Carol Cole Foundation Inc?
As of 2025, The Paul & Carol Cole Foundation Inc holds $4.5M in total assets with $383K in annual revenue. It awarded 15 grants totaling $223K in 2025.
Where does The Paul & Carol Cole Foundation Inc operate?
The Paul & Carol Cole Foundation Inc has awarded grants in Virginia, West Virginia.
What size grants does The Paul & Carol Cole Foundation Inc award?
In 2025, The Paul & Carol Cole Foundation Inc awarded 15 grants totaling $223K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is The Paul & Carol Cole Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Paul & Carol Cole Foundation Inc reported a distributable amount of $258K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Paul & Carol Cole Foundation Inc's EIN?
The Paul & Carol Cole Foundation Inc's EIN (Employer Identification Number) is 54-1830656. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in The Paul & Carol Cole Foundation Inc'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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