Foundation directory

The Colen Foundation Inc Grants

Private foundation · EIN 59-2474711 · IRS 990-PF filings through tax year 2023

Total grants paid
$1.1M
Grants reported
55
Typical grant
$9K
Future commitments

Reported commitments not yet paid.

Not reported

How to apply

This foundation publishes application instructions on its latest 990-PF and does not report restricting giving to preselected organizations. See more foundations that accept applications.

Contact
Krystel Torres
Deadlines
Not stated here. Consult the original filing and current funder guidelines.
Application materials
The foundation has an "application for grant" form to be completed by all 501(c)(3) applicants. In addition, the foundation, through its board of directors, has established certain procedures to be followed in evaluating potential beneficiaries of its remainder interest program. The board of directors of the colen foundation, inc. Evaluates potential beneficiaries prior to approval of their participation in its rental or remainder interest program. The procedures set forth below are to be followed in evaluating each beneficiary:1. Advise the senior citizen to seek independent legal counsel and independent financial advice.2. Determine that the senior citizen has no more than a moderate income or low income that provides insufficient cash for daily living expenses. 3. Determine that the market value of the senior citizen's home is in a moderate price range (in the case of the remainder interest program).4. Consult with the senior citizen's relatives regarding the possibility of providin
Restrictions
The foundation makes grants to qualified charities and provides assistance to the charitable class of the aged to enable members of the class to maintain a modest standard of living in their communities during their declining years.
Original filing text
Contact
Krystel Torres
Address
8435 SW 80TH STREET SUITE 2 OCALA, FL, 34481
Phone
3528730848
Email
COLENFOUNDATION@GMAIL.COM
Deadlines
NONE
Application materials
THE FOUNDATION HAS AN "APPLICATION FOR GRANT" FORM TO BE COMPLETED BY ALL 501(C)(3) APPLICANTS. IN ADDITION, THE FOUNDATION, THROUGH ITS BOARD OF DIRECTORS, HAS ESTABLISHED CERTAIN PROCEDURES TO BE FOLLOWED IN EVALUATING POTENTIAL BENEFICIARIES OF ITS REMAINDER INTEREST PROGRAM. THE BOARD OF DIRECTORS OF THE COLEN FOUNDATION, INC. EVALUATES POTENTIAL BENEFICIARIES PRIOR TO APPROVAL OF THEIR PARTICIPATION IN ITS RENTAL OR REMAINDER INTEREST PROGRAM. THE PROCEDURES SET FORTH BELOW ARE TO BE FOLLOWED IN EVALUATING EACH BENEFICIARY:1. ADVISE THE SENIOR CITIZEN TO SEEK INDEPENDENT LEGAL COUNSEL AND INDEPENDENT FINANCIAL ADVICE.2. DETERMINE THAT THE SENIOR CITIZEN HAS NO MORE THAN A MODERATE INCOME OR LOW INCOME THAT PROVIDES INSUFFICIENT CASH FOR DAILY LIVING EXPENSES. 3. DETERMINE THAT THE MARKET VALUE OF THE SENIOR CITIZEN'S HOME IS IN A MODERATE PRICE RANGE (IN THE CASE OF THE REMAINDER INTEREST PROGRAM).4. CONSULT WITH THE SENIOR CITIZEN'S RELATIVES REGARDING THE POSSIBILITY OF PROVIDIN
Restrictions
THE FOUNDATION MAKES GRANTS TO QUALIFIED CHARITIES AND PROVIDES ASSISTANCE TO THE CHARITABLE CLASS OF THE AGED TO ENABLE MEMBERS OF THE CLASS TO MAINTAIN A MODEST STANDARD OF LIVING IN THEIR COMMUNITIES DURING THEIR DECLINING YEARS.

Reported organization name: The Colen Foundation Inc

Giving by tax year

Year-level totals across every reported grant in this profile — a summary, not a filter. The awards further down are the largest individual grants across all years, not each year's complete list.

Tax yearGrants paidAmount
202322$546.6K
202233$503.5K

Where The Colen Foundation Inc gives

States of grant recipients reported on the foundation's 990-PF filings, by dollars received.

Largest reported grants

Historical awards reported to the IRS. These are examples of past giving, not open opportunities.

Horticultural Arts Park Institute I

Ocala, FL

$142.8KTax year 2023

Grant purpose

Charitable Contribution

Horticultural Arts Park Institute I

Ocala, FL

$100KTax year 2022

Grant purpose

Charitable Contribution

Temple Beth Shalom

Ocala, FL

$75KTax year 2023

Grant purpose

Charitable Contribution

Temple Beth Shalom

Ocala, FL

$75KTax year 2022

Grant purpose

Charitable Contribution

Congregation B'nai Israel of St Pet

St Petersburg, FL

$70KTax year 2023

Grant purpose

Charitable Contribution

Showing 5 of the 25 largest grants (55 reported in all).

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About this data

Figures are aggregated from The Colen Foundation Inc's IRS Form 990-PF electronic filings (2 filings on file, most recent tax year 2023). Totals reflect grants the foundation reported as paid, and can lag the current year because foundations file annually and often on extension. Source: IRS 990-PF filing on ProPublica. Raw e-file archive (ZIP) — a large IRS yearly archive download.

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