The Colen Foundation Inc
EIN 592474711 Private FoundationTotal Given 2016–2024
$3.1M
238 grants · $348K avg/year
based on 9 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$5K
typical small grants · $2K–$16K
grant size
58%
supporter · 67/115 multi-year
repeat
$21.4M
Assets (2024)
115
Distinct Recipients
About
Taxpayer resided in a qualified disaster relief area that was impacted by Hurricane Debby, Helene and Milton in 2024. The 2023 Q3 & Q4 estimated tax payments and Extension payment were not due until 5/1/2025 under the relief in place. The taxpayer made their 2023 Q3 & Q4 and 2023 extension payment which included the amount owed for previous quarters prior to the 5/1/2025 deadline.
Application Information
Accepts Unsolicited Proposals
Unknown
Contact Person
BARBARA ORTIZ
Phone
(352) 873-0848
Deadlines
NONE
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 CITIZEN'S RELATIVE
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.
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $503K | $8.7M | $405K | 43 |
| 2017 | $285K | $10.2M | $356K | 33 |
| 2018 | $536K | $9.6M | $659K | 45 |
| 2019 | $7K | $10.0M | $1.2M | 2 |
| 2020 | $657K | $17.9M | $7.2M | 47 |
| 2022 | $600K | $16.9M | $643K | 46 |
| 2024 | $547K | $21.4M | $939K | 22 |
Grant Size Distribution
Based on 238 grants on record
Minimum
$71
25th Pctl
$2K
Median
$5K
Average
$13K
75th Pctl
$16K
Maximum
$143K
Geographic Distribution
Officers & Directors
Grants Awarded (238 total)
| Purpose | ||||
|---|---|---|---|---|
| Horticultural Arts Park Institute I | Ocala, FL | $142,846 | Charitable Contribution | 2024 |
| Project Hope of Marion County | Ocala, FL | $100,000 | Charitable Contribution | 2020 |
| Congregation Beth Shalom of Clearwater | Clearwater, FL | $88,800 | Charitable Contribution | 2017 |
| Horticultural Arts Park Institute I | Ocala, FL | $75,000 | Charitable Contribution | 2020 |
| Temple Beth Shalom | Ocala, FL | $75,000 | Charitable Contribution | 2022 |
| Temple Beth Shalom | Ocala, FL | $75,000 | Charitable Contribution | 2024 |
| Congregation B'nai Israel of St Pet | St Petersburg, FL | $70,000 | Charitable Contribution | 2024 |
| Community Foundation of Tampa Bay | Tampa, FL | $70,000 | CHARITABLE CONTRIBUTIONS | 2018 |
| Congregation Beth Shalom of Gulfpor | Gulfport, FL | $67,600 | CHARITABLE CONTRIBUTION | 2016 |
| Congregation B'nai Israel of St Pet | St Petersburg, FL | $66,175 | Charitable Contribution | 2022 |
| Congregation Beth Shalom of Clearwater | Clearwater, FL | $65,200 | Charitable Contribution | 2018 |
| Hillel School of Tampa Inc | Tampa, FL | $50,000 | Charitable Contribution | 2022 |
| Project Hope of Marion County | Ocala, FL | $50,000 | Charitable Contribution | 2024 |
| New Israel Fund | New York, NY | $50,000 | Charitable Contribution | 2018 |
| Life Estate Karel Dupree | Ocala, FL | $48,039 | Support and Assist Aged Individuals | 2024 |
| Congregation B'nai Israel of St Pet | St Petersburg, FL | $44,000 | Charitable Contribution | 2020 |
| Hillel School of Tampa Inc | Tampa, FL | $40,000 | Charitable Contribution | 2024 |
| Horiticultural Arts & Park Inst Inc | Ocala, FL | $40,000 | Charitable Contribution | 2016 |
| Tampa Bay Preforming Arts Center Inc | Tampa, FL | $40,000 | Charitable Contribution | 2018 |
| Temple Beth Shalom | Ocala, FL | $36,345 | Charitable Contribution | 2016 |
| Temple Beth Shalom | Ocala, FL | $35,000 | Charitable Contribution | 2020 |
| Temple Beth Shalom | Ocala, FL | $35,000 | Charitable Contribution | 2018 |
| Florida Orchestra | St Petersburg, FL | $30,000 | Charitable Contribution | 2022 |
| Project Hope of Marion County Inc | Ocala, FL | $30,000 | Charitable Contribution | 2016 |
| Florida Orchestra Inc | St Petersburg, FL | $30,000 | Charitable Contribution | 2018 |
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