Private foundation · Ocala, FL
The Colen Foundation Inc
Typical grant size
$2K – $5K – $15K
25th · median · 75th percentile
Unique recipients
30
Repeat grantees
12
funded 2+ years
Application procedures · from 2023 990-PF
DeadlinesNONE
ContactKrystel Torres · 3528730848
MaterialsTHE 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
RestrictionsTHE 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.
Leadership · from 2023 990-PF
Stephanie Bergen
ASST SEC
Kenneth D Colen
President
Robert Colen
ASST SEC/DIR
Gerald R Colen
TREAS/SEC/DIR
Leslee R Colen
Vice President
Barbara Ortiz
ASST SEC
Ina a Colen
PRESIDENT/DIR
Source: IRS Form 990-PF, Part VII. Officers, directors, and trustees as reported by the foundation.
Payout rate · TY 2023
0.0%
grants paid ÷ assets · ~5% IRS minimum
'16
'17
'18
'19
'20
'21
'22
'23
425
Total grants awarded
$5.0M
Total amount
$12K
Average grant
$100K
Largest grant
Giving by year
Top recipients
Recipient names are as reported on the 990-PF. ✓ Exact match = EIN matched to IRS records by exact name + state; ≈ likely match = EIN inferred from a closely similar name. The recipient EIN is never stated on the form — it is DoubleNine’s match.
Recent grants · most recent filings first
Source: IRS Form 990-PF, Part XV. Up to 50 most recent grants shown.