Olive B. Cole Foundation
Giving Contact
Maclyn T. Parker, President
6207 Constitution Drive
Ft. Wayne, IN 46804 USA
Phone: (260)436-2182
Fax: (260)432-3146
Donor Information
Founder: The Olive B. Cole Foundation was established in Indiana in 1954 with funds donated by the late Richard R. Cole and Olive B. Cole. Mr. Cole set up the foundation in honor of his mother. The money for the foundation came from stock in Flint and Walling, a water pump and conditioner manufacturer.
Giving Philosophy
The goal of the Cole Foundation is local giving, chiefly in the areas of education, community projects, and recreation. It strives to fund new organizations and maintain old recipients.
Financial Summary
TOTAL GIVING: $1,314,088 (fiscal year ending March 31, 2003); $1,385,846 (fiscal 2002); $1,202,122 (fiscal 2001)
GIVING ANALYSIS: Giving for fiscal 2001 includes: foundation scholarships ($260,423)
ASSETS: $24,769,628 (fiscal 2003); $29,533,987 (fiscal 2002); $29,748,768 (fiscal 2001)
Typical Recipients
ARTS & HUMANITIES: Arts Appreciation, Arts Institutes, Arts Outreach, Dance, Historic Preservation, Libraries, Literary Arts, Museums/Galleries, Music, Opera, Public Broadcasting, Theater
CIVIC & PUBLIC AFFAIRS: Botanical Gardens/Parks, Business/Free Enterprise, Chambers of Commerce, Community Foundations, Economic Development, Employment/Job Training, Civic & Public Affairs-General, Municipalities/Towns, Parades/Festivals, Philanthropic Organizations, Safety, Urban & Community Affairs, Zoos/Aquariums
EDUCATION: Arts/Humanities Education, Business Education, Colleges & Universities, Education Associations, Education Funds, Engineering/Technological Education, Environmental Education, Education-General, International Studies, Literacy, Private Education (Precollege), Public Education (Precollege), Science/Mathematics Education, Secondary Education (Public), Special Education, Student Aid
ENVIRONMENT: Air/Water Quality, Environment-General, Resource Conservation
HEALTH: AIDS/HIV, Alzheimer's Disease, Cancer, Children's Health/Hospitals, Clinics/Medical Centers, Emergency/Ambulance Services, Health Organizations, Home-Care Services, Hospices, Trauma Treatment
RELIGION: Churches, Religious Welfare
SCIENCE: Science Exhibits & Fairs, Science Museums
SOCIAL SERVICES: At-Risk Youth, Big Brothers/Big Sisters, Child Welfare, Community Centers, Community Service Organizations, Crime Prevention, Day Care, Domestic Violence, Emergency Relief, Family Services, Food/Clothing Distribution, People with Disabilities, Recreation & Athletics, Scouts, Senior Services, Shelters/Homelessness, United Funds/United Ways, Volunteer Services, YMCA/YWCA/YMHA/YWHA, Youth Organizations
Contributions Analysis
GIVING PRIORITIES: Education and civic affairs.
ARTS & HUMANITIES: 15%. Libraries, historical preservation, museums, music, and public broadcasting.
CIVIC & PUBLIC AFFAIRS: 3%. Parades/festivals, job training programs, community foundations, a zoo, and parks.
EDUCATION: 48%. Education funds, precollege public education, and colleges and universities.
SOCIAL SERVICES: 34%. People with disabilities, community centers, youth organizations, the elderly, and athletics.
NOTE: Total contributions made in fiscal 2001.
Application Procedures
INITIAL CONTACT: A letter of inquiry is the preferred method of initial contact.
APPLICATION REQUIREMENTS: Applicants must complete an application form that is supplied upon request.
DEADLINES: None.
REVIEW PROCESS: The board meets in February, May, August, and November. Applicants will be notified of the board's decision after four months.
Restrictions
Scholarship eligibility is limited to residents or graduates of secondary schools in North Eastern Indiana, Noble, La Grange, DeKalb, and Steuben counties in Indiana. Grants are not given to individuals, to religious organizations, or for funds for redistribution.
Foundation Officials
John E. Hogan: executive vice president, treasurer.
Maclyn T. Parker, Esq.: president, director. BORN: 1929. EDUCATION: DePauw University AB (1951); University of Michigan JD (1954). CORPORATE EMPLOYER: member: Baker & Daniels.
Emily E. Pichon: secretary.
John N. Pichon, Jr.: chairman.
Paul Schirmeyer: director.
Gwendlyn I. Tipton: scholarship admin, director.
Grants Analysis
Disclosure Period: fiscal year ending March 31, 2001
Total Grants: $936,699*
Number Of Grants: 33
Average Grant: $19,897*
Highest Grant: $300,000
Lowest Grant: $660
Typical Range: $10,000 to $40,000
Note: Giving excludes scholarships. Average grant excludes highest grant.
Recent Grants
Note: Grants derived from 2002 Form 990.
Arts & Humanities
100,000: WFWA PBS-39, Ft. Wayne, IN -- provides high quality telecommunications services to improve the quality of life in the communities through educational programs
20,000: WBNI FM89.1, Ft. Wayne, IN -- radio station announcing adverse weather closings in Fort Wayne
9,000: Fort Wayne Philharmonic, Ft. Wayne, IN -- performing concerts like Church choirs, marching bands, singing societies and orchestras
6,000: Audiences Unlimited, Ft. Wayne, IN -- Audiences Unlimited is an agency that distributes free tickets to the tapings of television shows
Civic & Public Affairs
200,000: Kendallville Park and Recreation Department, Kendallville, IN -- for development of Kendallville park system in Noble County
100,000: Northeast Center for Entrepreneurial Excellence, Ft. Wayne, IN -- serves as a knowledge center for the promotion of entrepreneurial activity and success, regional economic growth, and outreach services
50,000: Fort Wayne Children's Zoo, Ft. Wayne, IN -- provides educational programs and materials for teachers, home schoolers, group leaders, and other educators
20,000: Indiana Technology Partnership, Ft. Wayne, IN -- statewide organization working to boost technology and create fertile ground for high-tech growth in Indiana
18,080: Special K
15,000: Noble County Community Fair Corporation, Kendallville, IN -- provides programs for promoting youth leadership and development on a year-round basis
10,000: Corunna Volunteer Fire Department, Corunna, IN -- to purchase equipment for fire operations and firefighter safety
10,000: Salem Center Volunteer Fire Department, Angola, IN -- purchase base radio
7,500: Junior Achievement of Noble County Endowment Fund, Ft. Wayne, IN -- to improve the quality of life in Noble County by serving for positive change, enabling donors to carry out charitable intent, and making grants
5,000: Steuben County Community Foundation, Angola, IN -- community foundation set up for improving the lives of those live in Steuben County
Education
120,000: ELOC, Inc., Ft. Wayne, IN -- provides affordable education to all at all levels and is committed to technological innovation
70,000: ELOC, Inc, Ft. Wayne, IN -- provides affordable education to all at all levels and is committed to technological innovation
25,000: Dean V. Kruse Foundation, Inc., Auburn, IN -- not-for-profit educational institution
10,021: ELOC, Inc., Ft. Wayne, IN -- provides affordable education to all at all levels and is committed to technological innovation
10,000: Four County Area Vocational Cooperative, Garrett, IN -- provides vocational offerings, administers adult education and coordinates communications with the Indiana Department of Education
10,000: Indiana-Purdue University at Fort Wayne, Ft. Wayne, IN
8,100: McMillen Center, Ft. Wayne, IN -- provides vital, effective, preventive health education that promotes physical, emotional, and social well being
5,000: Tri-State University, Angola, IN
4,000: East Noble School Corporation, Kendallville, IN -- show choir trailer
1,000: University of Saint Francis, Ft. Wayne, IN
540: ELOC, Inc., Ft. Wayne, IN -- provides affordable education to all at all levels and is committed to technological innovation
Social Services
300,000: Cole Center Family YMCA, Kendallville, IN -- provides recreational opportunities for all ages
20,000: Shelter Ministries, Auburn, IN -- provides compassionate service to homeless & needy by providing temporary housing
10,000: Noble House, Albion, IN -- provides safe, supportive environment for women and children and fights against domestic violence
5,000: LaGrange Co. Council on Aging, LaGrange, IN -- helps to form community of mutual interests where all concerned benefit from a balanced and meaningful program of individual and group services
3,800: Noble County Council on Aging, Kendallville, IN -- provides services to senior citizens