Cottonwood Foundation is a private trust based in CHAPEL HILL, NC. The foundation received its IRS ruling in 1997. The principal officer is % Brown Brothers Harriman Trust Co LLC. It holds total assets of $2.2M. Annual income is reported at $656K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Cottonwood Foundation has made 5 grants totaling $360K, with a median grant of $75K. Annual giving has decreased from $75K in 2020 to $50K in 2023. Grantmaking activity was highest in 2022 with $160K distributed across 2 grants. Individual grants have ranged from $50K to $80K, with an average award of $72K. Grant recipients are concentrated in Indiana. Contributions to this foundation are tax-deductible.
Cottonwood Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in IN.
Cottonwood Foundation has distributed a total of $360K across 5 grants. The median grant size is $75K, with an average of $72K. Individual grants have ranged from $50K to $80K.
Cottonwood Foundation typically selects its grantees rather than accepting unsolicited proposals.
Cottonwood Foundation is headquartered in CHAPEL HILL, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Carol Hoffmann | TRUSTEE | $0 | $0 | $0 |
| William Hoffmann | TRUSTEE | $0 | $0 | $0 |
Total Giving
$61K
Total Assets
$2.1M
Fair Market Value
$2.7M
Net Worth
$2.1M
Grants Paid
$50K
Contributions
$76K
Net Investment Income
$51K
Distribution Amount
$119K
Total: $2M
Total Grants
5
Total Giving
$360K
Average Grant
$72K
Median Grant
$75K
Unique Recipients
1
Most Common Grant
$75K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Notre DameGENERAL SUPPORT | Notre Dame, IN | $50K | 2023 |
Other foundations that have funded Cottonwood Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Commerce Foundation | $500 | 2021 | USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. |
| Beach-Edwards Family Foundation Inc. | $3K | 2020 | PROGRAM SUPPORT |
| Midcontinent Foundation | $200 | 2020 | OPERATING EXPENSES |
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