Toleo Foundation

GREENSBORO, NC EIN: 58-1496345

Toleo Foundation is a private foundation based in Greensboro, North Carolina. Established in 1983, it operates as a 501(c)(3) tax-exempt organization with a focus on grantmaking in education, philanthropy, voluntarism, and human services.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.6M

+5.8% YoY

Annual Giving

$760K

-17.8% YoY

Grant Count

-11.5% YoY

Avg Grant Size

$33K

-7.1% YoY

Under IRS private-foundation payout rules, Toleo Foundation reported a distributable amount of $485K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation does not have a publicly stated mission statement on file. However, its primary funding priorities include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

North Carolina
New York
Maryland

Grant Distribution by State

North Carolina $1.6M (44%)

New York $783K (22%)

District of Columbia $497K (14%)

Georgia $260K (7%)

Florida $238K (7%)

Maryland $164K (5%)

Colorado $35K (1%)

States

Colorado District of Columbia Florida Georgia Maryland North Carolina New York

Cities

AtlantaBoca RatonChapel HillCollege ParkDenverFort LauderdaleGreenbeltGreensboroNew YorkPeachtree CornersRockvilleWashington

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total Assets: $7,619,621
Total Revenue: $1,233,765
Total Expenses: $815,217
Total Giving: $760,000
Net Income: $418,548
Total Liabilities: $0

Revenue Sources (2024):

Investment income and dividends: $238,849
Net gain from sale of non-inventory assets: $994,916
Contributions received: $0

Staffing:

Number of employees: 0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,619,621	$7,201,073	$7,916,081
Revenue	$1,233,765	$262,775	$36,531
Expenses	$815,217	$977,783	$726,485
Qualifying Distributions	$760,000	$925,000	$670,000
Net Investment Income	$1,178,548	$209,992	$151,319
Distributable Amount	$484,510	$468,255	$483,358

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 2024

Grant Size Distribution

115 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cone Health Leonard Kaplan Heart Rehab Center 1000000 (2024-2028-20000 ($200,000), B'nai Shalom Day School ($60,000), Camp Ramah Darom Capital Campaign 300000 (2024-2029) - 50k Per Year ($50,000).

Recipient	Purpose	Amount
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE NEW YORK, NY	PROGRAM SUPPORT	$5,000
BIRTHRIGHT ISRAEL FOUNDATION NEW YORK, NY	PROGRAM SUPPORT	$25,000
B'NAI SHALOM DAY SCHOOL GREENSBORO, NC	PROGRAM SUPPORT	$60,000
BOCA HELPING HANDS BOCA RATON, FL	PROGRAM SUPPORT	$12,500
BOCA MUSEUM OF THE ARTS BOCA RATON, FL	PROGRAM SUPPORT	$5,000
CAMP RAMAH DAROM CAPITAL CAMPAIGN 300000 (2024-2029) - 50K PER YEAR ATLANTA, GA	PROGRAM SUPPORT	$50,000
CAMP RAMAH DAROM ATLANTA, GA	PROGRAM SUPPORT	$25,000
CHABAD OF GREENSBORO - GAN ISRAEL DAY CAMP GREENSBORO, NC	PROGRAM SUPPORT	$25,000
CHABAD OF GREENSBORO GREENSBORO, NC	PROGRAM SUPPORT	$25,000
COMMUNITY LEGAL SERVICES OF PRINCE GEORGE'S COUNTY GREENBELT, MD	PROGRAM SUPPORT	$1,000

Leadership & Key People

Leadership team and compensation from IRS filings

Randall Kaplan — President/Treasurer
Lyn Chasen — Secretary
Scott Kaplan — Vice President

The foundation is supported by the Estate of Tobee Kaplan.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RANDALL KAPLAN	PRES/TREAS	5	—
LYN CHASEN	SECRETARY	—	—
SCOTT KAPLAN	VP	—	—

Frequently Asked Questions

What does Toleo Foundation fund?

The foundation does not have a publicly stated mission statement on file. However, its primary funding priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services

How do I apply for a grant from Toleo Foundation?

**Grant Characteristics:** • Typical grant awards range from $1,000 to $240,000 • Median grant amount: $25,000 • Recent grant activity shows 21-26 grants distributed annually **Recent Grants (2024):** • Repair the World: $50,000 (Program Support) • Hillel International: $50,000 (Program Support) • Ready for School Ready for Life: $30,000 (Program Support) • United Way of Greater Greensboro (among grantees)

Where does Toleo Foundation make grants?

The foundation primarily funds organizations in: • North Carolina • New York • Maryland

What size grants does Toleo Foundation award?

In 2024, Toleo Foundation awarded 23 grants totaling $760K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is Toleo Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Toleo Foundation reported a distributable amount of $485K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.