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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. Total assets have grown from $867K in 2011 to $2.1M in 2023. The foundation is governed by 2 officers and trustees. Private family foundation supporting charitable causes. The Cottonwood Foundation is a private grantmaking foundation managed by the Hoffmann family (Carol and William Hoffmann as trustees) through Brown Advisory in Chapel Hill, NC. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. 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.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Private family foundation supporting charitable causes. The Cottonwood Foundation is a private grantmaking foundation managed by the Hoffmann family (Carol and William Hoffmann as trustees) through Brown Advisory in Chapel Hill, NC. 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 | N/A |
| William Hoffmann | TRUSTEE | $0 | $0 | N/A |
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 |