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Olive A Coates Charitable Trust is a private trust based in PORTLAND, ME. The foundation received its IRS ruling in 2000. The principal officer is H M Payson & Co John C Knox. It holds total assets of $4.3M. Annual income is reported at $1.2M. Total assets have grown from $3.3M in 2011 to $3.9M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Maine. According to available records, Olive A Coates Charitable Trust has made 18 grants totaling $1.1M, with a median grant of $50K. Annual giving has grown from $283K in 2020 to $404K in 2023. Grantmaking activity was highest in 2022 with $408K distributed across 6 grants. Individual grants have ranged from $35K to $153K, with an average award of $61K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Maine. Contributions to this foundation are tax-deductible.
Smallest Grant
$35K
Median Grant
$35K
Average Grant
$47K
Largest Grant
$106K
Based on 6 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.
Olive A Coates Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in ME.
Olive A Coates Charitable Trust has distributed a total of $1.1M across 18 grants. The median grant size is $50K, with an average of $61K. Individual grants have ranged from $35K to $153K.
Olive A Coates Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Olive A Coates Charitable Trust is headquartered in PORTLAND, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hm Payson Co | TRUSTEE | $39K | $0 | $39K |
| Richard A Mckittrick | TRUSTEE | $10K | $0 | $10K |
Total Giving
$458K
Total Assets
$3.9M
Fair Market Value
$8.2M
Net Worth
$3.9M
Grants Paid
$404K
Contributions
N/A
Net Investment Income
$295K
Distribution Amount
$378K
Total: $2.4M
Total Grants
18
Total Giving
$1.1M
Average Grant
$61K
Median Grant
$50K
Unique Recipients
6
Most Common Grant
$51K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Quarry HillGENERAL PURPOSE | Rockland, ME | $50K | 2023 |
| Select Board Town Of CamdenAID SENIOR CITIZENS, | Camden, ME | $151K | 2023 |
| Five Town CsdPROVIDE FINANCIAL ASSIST TO | Camden, ME | $50K | 2023 |
| Camden Area District NursingGENERAL PURPOSE | Camden, ME | $50K | 2023 |
| Paws Animal Adoption CenterGENERAL PURPOSE | Rockport, ME | $50K | 2023 |
| Coastal OpportunitiesGENERAL PURPOSE | Camden, ME | $50K | 2023 |