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Kole Foundation Inc. is a private corporation based in SAVANNAH, GA. The foundation received its IRS ruling in 2013. The principal officer is Donald A Kole. It holds total assets of $3.8M. Annual income is reported at $663K. Total assets have grown from $25K in 2013 to $3.9M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Georgia and Michigan. According to available records, Kole Foundation Inc. has made 12 grants totaling $435K, with a median grant of $5K. Annual giving has grown from $82K in 2020 to $347K in 2023. Individual grants have ranged from $1K to $347K, with an average award of $36K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in Georgia and Michigan. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$9K
Largest Grant
$25K
Based on 9 grants from the most recent 990-PF filing.
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.
Kole Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in GA, MI.
Kole Foundation Inc. has distributed a total of $435K across 12 grants. The median grant size is $5K, with an average of $36K. Individual grants have ranged from $1K to $347K.
Charitable organizations only; no other restrictions.
Kole Foundation Inc. is headquartered in SAVANNAH, GA. While based in GA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey Kole | CFO | $0 | $0 | N/A |
| Debbie Shelton | SECRETARY | $0 | $0 | N/A |
| Donald A Kole | CEO | $0 | $0 | N/A |
Total Giving
$376K
Total Assets
$3.9M
Fair Market Value
$4.1M
Net Worth
$3.9M
Grants Paid
$347K
Contributions
N/A
Net Investment Income
$190K
Distribution Amount
$193K
Total: N/A
Total Grants
12
Total Giving
$435K
Average Grant
$36K
Median Grant
$5K
Unique Recipients
11
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Savannah Museum Of African ArtOPERATING SUPPORT | Savannah, GA | $347K | 2023 |
| Congregation Mickve IsraelRELIGIOUS | Savannah, GA | $5K | 2022 |
| American Red CrossBENEVOLENCE | Atlanta, GA | $1K | 2021 |
| Savannah Jewish Council IncRELIGIOUS | Savannah, GA | $25K | 2020 |
| Senior Citizens IncBENEVOLENCE | Savannah, GA | $21K | 2020 |
| Union MissionBENEVOLENCE | Savannah, GA | $11K | 2020 |
| United Way Of The Coastal EmpireBENEVOLENCE | Savannah, GA | $10K | 2020 |
| Historic Savannah FoundationPRESERVATION | Savannah, GA | $5K | 2020 |
| Kids Kicking CancerBENEVOLENCE | Southfield, MI | $3K | 2020 |
| Jewish Family ServicesBENEVOLENCE | Savannah, GA | $2K | 2020 |
| America'S Second HarvestBENEVOLENCE | Savannah, GA | $1K | 2020 |
ATLANTA, GA
ATLANTA, GA
ATLANTA, GA