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Private Foundation · FL

Colen Foundation Inc

Ocala, FL  ·  EIN 592474711  ·  Website (ProPublica) ↗  ·  990s on ProPublica ↗

Assets

$15.0M

Total Giving

$600K

Grants on File

46

Average Grant

$13K

Giving Radius

Where Colen Foundation Inc Has Given

AK — no grants on file AL — no grants on file AR — no grants on file AZ — no grants on file CA — $4K across 2 grants CO — no grants on file CT — no grants on file DC — $21K across 2 grants DE — no grants on file FL — $501K across 34 grants GA — no grants on file HI — no grants on file IA — no grants on file ID — no grants on file IL — no grants on file IN — no grants on file KS — no grants on file KY — no grants on file LA — no grants on file MA — no grants on file MD — $10K across 1 grant ME — no grants on file MI — no grants on file MN — no grants on file MO — no grants on file MS — no grants on file MT — no grants on file NC — no grants on file ND — no grants on file NE — no grants on file NH — no grants on file NJ — no grants on file NM — no grants on file NV — no grants on file NY — $51K across 5 grants OH — no grants on file OK — no grants on file OR — $10K across 1 grant PA — $2K across 1 grant RI — no grants on file SC — no grants on file SD — no grants on file TN — no grants on file TX — no grants on file UT — no grants on file VA — no grants on file VT — no grants on file WA — no grants on file WI — no grants on file WV — no grants on file WY — no grants on file
Historical grants to 46 recipients across 7 states. Top concentrations: Ocala ($235K, 15 grants), St Petersburg ($101K, 3 grants), Tampa ($88K, 5 grants), New York ($46K, 4 grants), Clearwater ($34K, 4 grants).

Section I

How to Apply

The foundation has an "application for grant" form to be completed by all 501(c)(3) applicants. A copy of the application is attached. In addition, the foundation, through its board of directors, has established certain procedures to be followed in evaluating potential beneficiaries of its remainder interest program. The board of directors of the colen foundation, inc. Evaluates potential beneficiaries prior to approval of their participation in its rental or remainder interest program. The procedures set forth below are to be followed in evaluating each beneficiary:1. Advise the senior citizen to seek independent legal counsel and independent financial advice. 2. Determine that the senior citizen has no more than a moderate income or low income that provides insufficient cash for daily living expenses. 3. Determine that the market value of the senior citizen's home is in a moderate price range (in the case of the remainder interest program). 4. Consult with the senior cit…

On Unsolicited Proposals yes

Restrictions

The foundation makes grants to qualified charities and provides assistance to the charitable class of the aged to enable members of the class to maintain a modest standard of living in their communities during their declining years.

Section IV

Recent Grants

Recipient Amount Year
SAGES Theater Inc $4K 2022
SunSystem Development Corporation $27K 2022
Friends of Silver Springs State Par $7K 2022
Master the Possibilities Inc $16K 2022
Marion Senior Services $15K 2022
Marion Cultural Alliance Inc $2K 2022
Lighthouse of Pinellas Inc $2K 2022
Citrus Youth Educational Symphonic $1K 2022
Florida Orchestra $30K 2022
American Friends of Beit Ruth $5K 2022
New Israel Fund $20K 2022
Life Estate Judith Packard $500 2022
Life Estate Marguerite Cox $72 2022
Interfaith Emergency Services Inc $25K 2022
Life Estate Karel Dupree $7K 2022
Congregation B'nai Israel of St Pet $66K 2022
Tampa Bay Performing Arts Center In $25K 2022
The Perlman Music Program Suncoast $5K 2022
Hand in Hand Center for Jewish-Arab $10K 2022
Horticultural Arts Park Institute I $28K 2022
Greater Washington Jewish Coalition $10K 2022
Hillels of the Florida Suncoast $10K 2022
Arnette House Inc $6K 2022
WUSF Public Media fbo 897 $2K 2022
Wedu $1K 2022

Page 1 of 2 · 46 total

Section VI

Filing History

Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.

Year Total Assets Qualifying Distributions Total Revenue Total Expenses
2022 $15.1M $844K $643K $664K
2021 $15.3M $910K $1.7M $617K
2020 $14.8M $734K $7.2M $740K
2019 $8.6M $444K $1.2M $547K
2015 $7.8M $434K $454K $431K
2014 $7.8M $447K $545K $609K
2013 $7.8M $406K $474K $558K
2012 $7.9M $392K $193K $560K
2011 $8.3M $424K $74K $524K