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Olive B Cole Foundation Inc. is a private corporation based in FORT WAYNE, IN. The foundation received its IRS ruling in 1958. The principal officer is % Hroo. It holds total assets of $32.4M. Annual income is reported at $26.8M. Scholarship Program: Grants are awared college students under a previously approved scholarship program which is admin- istered by the foundation. According to available records, Olive B Cole Foundation Inc. has made 95 grants totaling $2.8M, with a median grant of $15K. The foundation has distributed between $1.3M and $1.5M annually from 2022 to 2023. Individual grants have ranged from $500 to $285K, with an average award of $30K. The foundation has supported 64 unique organizations. Grant recipients are concentrated in Indiana. Contributions to this foundation are tax-deductible.
Scholarship Program: Grants are awared college students under a previously approved scholarship program which is admin- istered by the foundation.
Affiliated Entity: The foundation provides technical assistance and administrative services to ELOC, Inc., with- out charge. ELOC, Inc. is a private operating foundation.
Scholarship Program: Grants are awared college students under a previously approved scholarship program which is admin- istered by the foundation. Based on available records, the foundation has funded 95 grants. Its grantmaking reaches organizations primarily in IN.
Olive B Cole Foundation Inc. has distributed a total of $2.8M across 95 grants. The median grant size is $15K, with an average of $30K. Individual grants have ranged from $500 to $285K.
Scholarship eligibility is limited to residents and/or graduates of Secondary Schools located within Noble County and Lagrange County, Indiana.
Olive B Cole Foundation Inc. is headquartered in FORT WAYNE, IN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Emily E Pichon | President | $63K | $30K | $94K |
| Maclyn T Parker | Chairman of the Board | $56K | $23K | $79K |
| Kristi P Celico | Secretary/Treasurer | $30K | $43K | $74K |
| Gwen I Tipton | Scholarship Director | $16K | $2K | $19K |
| J Tracy Tipton | Director | $8K | $0 | $8K |
Total Giving
$1.7M
Total Assets
$32.7M
Fair Market Value
$35.8M
Net Worth
$32.7M
Grants Paid
$1.2M
Contributions
$0
Net Investment Income
$1.5M
Distribution Amount
$1.6M
Total: $32.3M
Total Grants
95
Total Giving
$2.8M
Average Grant
$30K
Median Grant
$15K
Unique Recipients
64
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Common GraceBox truck | Kendallville, IN | $35K | 2023 |
| Big Brothers Big SistersYouth mentoring program | Fort Wayne, IN | $15K | 2023 |
| ScoreMentor/Counselor program | Fort Wayne, IN | $5K | 2023 |
| ScanPrevent child abuse America program | Fort Wayne, IN | $20K | 2022 |
OMAHA, NE
CLOUDCROFT, NM
ROSEBURG, OR
VISALIA, CA
RENO, TX
| Michael Barranda |
| Director |
| $8K |
| $0 |
| $8K |
| John Riemke | Director | $8K | $0 | $8K |
| Jack Hunter | Director | $8K | $0 | $8K |
| 2020 | 990PF | View |
| Scholarships Paid (See Attached List)Scholarships |
| Fort Wayne, IN |
| $285K |
| 2023 |
| Auburn Cord Duesenberg MuseumA Driving Force capital campaign | Auburn, IN | $100K | 2023 |
| Cole Center Family YmcaNew roofing | Kendallville, IN | $100K | 2023 |
| Purdue University Fort WayneParker Cole Crossing Bridge Grant | Fort Wayne, IN | $100K | 2023 |
| Trine UniversityBest Hall Renovations | Angola, IN | $100K | 2023 |
| Questa Foundation For EducationScholarships and 85th Anniversary Event | Fort Wayne, IN | $67K | 2023 |
| Community Learning CenterPottery | Kendallville, IN | $64K | 2023 |
| Ivy Tech Community CollegeScholarships | Fort Wayne, IN | $50K | 2023 |
| Garrett Keyser Butler School CorporationBobcat purchase | Garrett, IN | $50K | 2023 |
| Inspiration MinistriesPurchase of Victory Village | Auburn, IN | $50K | 2023 |
| Fort Wayne Children'S ZooRed Panda Expansion | Fort Wayne, IN | $50K | 2023 |
| Albion Lions ClubSkate park | Albion, IN | $40K | 2023 |
| Science CentralScience 4U program | Fort Wayne, IN | $40K | 2023 |
| Junior Achievement Of Northern IndianaRegional JA Chapter programs | Fort Wayne, IN | $33K | 2023 |
| Kendallville RestorationsRestore 415 Krueger St | Kendallville, IN | $30K | 2023 |
| Noble County Council On AgingBuilding renovations | Kendallville, IN | $29K | 2023 |
| Mcmillen CenterPreventative health care | Fort Wayne, IN | $21K | 2023 |
| Soulmedic Media GroupGet Schooled program | Fort Wayne, IN | $20K | 2023 |
| Cancer Services Of Northeast IndianaClient Advocate Program | Fort Wayne, IN | $20K | 2023 |
| Jam CenterClub Jam | Garrett, IN | $20K | 2023 |
| Fort Wayne PhilharmoicEnsambles in schools | Fort Wayne, IN | $20K | 2023 |
| Acres Land TrustSummer interns | Huntertown, IN | $20K | 2023 |
| Healthier Mom & BabiesNoble County Programs | Fort Wayne, IN | $15K | 2023 |
| Albion Community CenterStart up and operations | Albion, IN | $15K | 2023 |
| Elevate Ventures IncCoding Academy | Indianapolis, IN | $10K | 2023 |
| Ruth Stulz PreschoolClassroom technology | Ligonier, IN | $10K | 2023 |
| Oak Farm Montessori SchoolCommunity Garden & Backcountry Adventure | Avilla, IN | $10K | 2023 |
| Hoosiers Feeding The HungrySupplemental food | Garrett, IN | $10K | 2023 |
| Early Childhood AllianceFamily engagement programs | Fort Wayne, IN | $10K | 2023 |
| Kate'S KartBook distribution | Fort Wayne, IN | $6K | 2023 |
| Wayne Center District No 7Window and front door replacement | Kendallville, IN | $5K | 2023 |
| Ywca Northeast IndianaYouth development services | Fort Wayne, IN | $5K | 2023 |
| Performing Arts Of ClcPrograms | Kendallville, IN | $5K | 2023 |
| Laotto Community AssociationPlayground | Laotto, IN | $4K | 2023 |
| Hearcare ConnectionHearing clinic in Garrett | Fort Wayne, IN | $3K | 2023 |
| Courthouse Square Preservation SocietyGolf cart | Albion, IN | $3K | 2023 |
| The History CenterAttendance support | Fort Wayne, IN | $3K | 2023 |
| Hamilton Community SchoolsScience field trip | Hamilton, IN | $2K | 2023 |
| Five Medals Living HistoryFive Medals at the Trace Program | Columbia City, IN | $2K | 2023 |
| Mid-America Windmill MuseumGoodie bags | Kendallville, IN | $1K | 2023 |
| Ne In Tri-State Regional Science FairScience fair | Angola, IN | $500 | 2023 |
| The Nature ConservancyStewardship | Indianapolis, IN | $50K | 2022 |
| Rolland Center For Lincoln ResearchMaintenance | Fort Wayne, IN | $25K | 2022 |
| Noble County Trails IncKendallville to Rome City trail | Rome City, IN | $25K | 2022 |
| St Martin'S HealthcareOperating support | Garrett, IN | $25K | 2022 |
| Hamilton Life CenterNew stage | Hamilton, IN | $19K | 2022 |
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