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Olean Foundation is a private corporation based in WESTERLY, RI. The foundation received its IRS ruling in 1984. It holds total assets of $1M. Annual income is reported at $147K. The foundation is governed by 6 officers and trustees. To provide funds to providers of habilitation and rehabilitation services so that they can optimally meet the needs of persons with physical, emotional, mental, social, and/or vocational disabilities. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, Olean Foundation has made 3 grants totaling $104K, with a median grant of $28K. The foundation has distributed between $47K and $57K annually from 2022 to 2023. Individual grants have ranged from $28K to $47K, with an average award of $35K. Grant recipients are concentrated in Rhode Island. Contributions to this foundation are tax-deductible.
To provide funds to providers of habilitation and rehabilitation services so that they can optimally meet the needs of persons with physical, emotional, mental, social, and/or vocational disabilities.
Expenses: $42K
To provide funds to providers of habilitation and rehabilitation services so that they can optimally meet the needs of persons with physical, emotional, mental, social, and/or vocational disabilities. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in RI.
Olean Foundation has distributed a total of $104K across 3 grants. The median grant size is $28K, with an average of $35K. Individual grants have ranged from $28K to $47K.
Olean Foundation typically selects its grantees rather than accepting unsolicited proposals.
Olean Foundation is headquartered in WESTERLY, RI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bruce Olean | PRESIDENT | $0 | $0 | N/A |
| Ralph Abruzzese | VICE PRES. | $0 | $0 | N/A |
| Margaret Steele | DIRECTOR | $0 | $0 | N/A |
| Bob Hoffman | TREASURER | $0 | $0 | N/A |
| Raymond Walsh | FINANCE DIRE | $0 | $0 | N/A |
| Ruth Tureckova | EXECUTIVE DI | $0 | $0 | N/A |
Total Giving
$60K
Total Assets
$908K
Fair Market Value
$908K
Net Worth
$908K
Grants Paid
$47K
Contributions
N/A
Net Investment Income
$42K
Distribution Amount
$43K
Total: $905K
Total Grants
3
Total Giving
$104K
Average Grant
$35K
Median Grant
$28K
Unique Recipients
1
Most Common Grant
$28K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Frank Olean Center IncCONSUMER NEEDS, ACTIVITIES, PROGRAMS | Westerly, RI | $47K | 2023 |
NORTH KINGSTOWN, RI
PROVIDENCE, RI
PROVIDENCE, RI