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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. Total assets have grown from $26.5M in 2011 to $32.7M in 2023. The foundation is governed by 8 officers and trustees. Scholarship Program: Grants are awared college students under a previously approved scholarship program which is admin- istered by the foundation. Tax records are available from 2020 to 2024. Funding is distributed across 4 states, including DeKalb County, Indiana, LaGrange County, Indiana, Noble County, Indiana. 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.
Smallest Grant
$500
Median Grant
$20K
Average Grant
$29K
Largest Grant
$218K
Based on 46 grants from the most recent 990-PF filing.
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 for students in Noble County and surrounding areas of northeast Indiana
Grants to 501(c)(3) organizations and governmental entities in DeKalb, LaGrange, Noble, and Steuben counties
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. The foundation primarily funds organizations in DeKalb County, Indiana, LaGrange County, Indiana, Noble County, Indiana.
| 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 |
| Michael Barranda | Director | $8K | $0 | $8K |
| John Riemke | Director | $8K | $0 | $8K |
| Jack Hunter | 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
N/A
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 |
| Scholarships Paid (See Attached List)Scholarships | Fort Wayne, IN | $285K | 2023 |
| Trine UniversityBest Hall Renovations | Angola, IN | $100K | 2023 |
| Auburn Cord Duesenberg MuseumA Driving Force capital campaign | Auburn, IN | $100K | 2023 |
| Purdue University Fort WayneParker Cole Crossing Bridge Grant | Fort Wayne, IN | $100K | 2023 |
| Cole Center Family YmcaNew roofing | Kendallville, IN | $100K | 2023 |
| Questa Foundation For EducationScholarships and 85th Anniversary Event | Fort Wayne, IN | $67K | 2023 |
| Community Learning CenterPottery | Kendallville, IN | $64K | 2023 |
| Garrett Keyser Butler School CorporationBobcat purchase | Garrett, IN | $50K | 2023 |
| Ivy Tech Community CollegeScholarships | Fort Wayne, IN | $50K | 2023 |
| Fort Wayne Children'S ZooRed Panda Expansion | Fort Wayne, IN | $50K | 2023 |
| Inspiration MinistriesPurchase of Victory Village | Auburn, IN | $50K | 2023 |
| Science CentralScience 4U program | Fort Wayne, IN | $40K | 2023 |
| Albion Lions ClubSkate park | Albion, 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 |
| Cancer Services Of Northeast IndianaClient Advocate Program | Fort Wayne, IN | $20K | 2023 |
| Fort Wayne PhilharmoicEnsambles in schools | Fort Wayne, IN | $20K | 2023 |
| Acres Land TrustSummer interns | Huntertown, IN | $20K | 2023 |
| Jam CenterClub Jam | Garrett, IN | $20K | 2023 |
| Soulmedic Media GroupGet Schooled program | Fort Wayne, IN | $20K | 2023 |
| Albion Community CenterStart up and operations | Albion, IN | $15K | 2023 |
| Healthier Mom & BabiesNoble County Programs | Fort Wayne, IN | $15K | 2023 |
| Ruth Stulz PreschoolClassroom technology | Ligonier, IN | $10K | 2023 |
| Early Childhood AllianceFamily engagement programs | Fort Wayne, IN | $10K | 2023 |
| Elevate Ventures IncCoding Academy | Indianapolis, IN | $10K | 2023 |
| Hoosiers Feeding The HungrySupplemental food | Garrett, IN | $10K | 2023 |
| Oak Farm Montessori SchoolCommunity Garden & Backcountry Adventure | Avilla, 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 |
| Courthouse Square Preservation SocietyGolf cart | Albion, IN | $3K | 2023 |
| Hearcare ConnectionHearing clinic in Garrett | Fort Wayne, 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 |