Question 1

What does The Colen Foundation Inc fund?

Accepted Answer

The Colen Foundation Inc has funded 52 organizations with 134 grants on file.

Question 2

How much does The Colen Foundation Inc give in grants?

Accepted Answer

In the most recent filing year, The Colen Foundation Inc awarded $546,616 in grants. The foundation holds $15,036,738 in total assets. Grant data is available for 3 years, from 2021 to 2023. There are 134 individual grants on file.

Question 3

Who runs The Colen Foundation Inc?

Accepted Answer

The Colen Foundation Inc is led by LESLEE R COLEN (Vice President), GERALD R COLEN (TREAS/SEC/DIR), ROBERT COLEN (ASST SEC/DIR), and 2 others. This information is from their 2023 IRS 990-PF filing.

Question 4

Where is The Colen Foundation Inc located?

Accepted Answer

The Colen Foundation Inc is located in Ocala, FL. Their EIN is 59-2474711.

Question 5

How to apply for a grant from The Colen Foundation Inc?

Accepted Answer

Grant application processes vary by foundation. The Colen Foundation Inc accepts unsolicited proposals. 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 You can also use Signal990 to research their grant history and find the best approach.

Year	Total Granted	Grants Made	Avg Grant
2023	$546,616	22	$24,846
2022	$1,007,076	66	$15,259
2021	$599,558	46	$13,034

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