Olive B Cole Foundation Inc

Organization Overview

Olive B Cole Foundation Inc is located in Fort Wayne, IN. The organization was established in 1958. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olive B Cole Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2024, Olive B Cole Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $1.7m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Olive B Cole Foundation Inc has awarded 241 individual grants totaling $6,658,898. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2024

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP PROGRAM: GRANTS ARE AWARED COLLEGE STUDENTS UNDER A PREVIOUSLY APPROVED SCHOLARSHIP PROGRAM WHICH IS ADMIN- ISTERED BY THE FOUNDATION.


AFFILIATED ENTITY: THE FOUNDATION PROVIDES TECHNICAL ASSISTANCE AND ADMINISTRATIVE SERVICES TO ELOC, INC., WITH- OUT CHARGE. ELOC, INC. IS A PRIVATE OPERATING FOUNDATION.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $117,771
Dividends & Interest $1,519,051
Net Rental Income$0
Net Gain on Sale of Assets -$41,172
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $137
Total Revenue $1,595,787

Grants Awarded

Over the last fiscal year, Olive B Cole Foundation Inc has awarded $1,246,795 in support to 39 organizations.

Grant RecipientAmount

AUDIENCES UNLIMITED

PURPOSE: ENSAMBLES IN NURSING HOMES

$14,500

BE NOBLE

PURPOSE: LEADERSHIP DEVELOPMENT

$8,333

BLACK PINE ANIMAL PARK

PURPOSE: BIG CAT HABITAT

$50,000

BIG BROTHERS BIG SISTERS

PURPOSE: YOUTH MENTORING PROGRAM

$5,000

CANCER SERVICES OF NORTHEAST INDIANA

PURPOSE: CLIENT ADVOCATE PROGRAM

$20,000

CITY OF KENDALLVILLE

PURPOSE: JULY 4TH CELEBRATION

$5,000
View Grant Profile

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