Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 12-01-2017 , and ending 11-30-2018
Name of foundation
The Colen Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)8435 SW 80th Street Ste 2
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Ocala, FL34481
A Employer identification number

59-2474711
B Telephone number (see instructions)

(352) 873-0848
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,563,450J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 3 3  
4 Dividends and interest from securities... 230,760 230,760  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 427,765
b Gross sales price for all assets on line 6a 1,636,020
7 Capital gain net income (from Part IV, line 2)... 427,765
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 658,528 658,528  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 17,950 1,795   16,155
b Accounting fees (attach schedule)....... Click to see attachment 5,400 540   4,860
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,410 2,315    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 19,660 19,576   84
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 58,420 24,226   21,099
25 Contributions, gifts, grants paid....... 536,345 536,345
26 Total expenses and disbursements. Add lines 24 and 25 594,765 24,226   557,444
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 63,763
b Net investment income (if negative, enter -0-) 634,302
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 78,082 46,640 46,640
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 4,839 417 417
10a Investments—U.S. and state government obligations (attach schedule) 59,801 Click to see attachment74,695 71,627
b Investments—corporate stock (attach schedule)....... 3,652,491 Click to see attachment3,577,554 5,080,444
c Investments—corporate bonds (attach schedule)....... 2,080,909 Click to see attachment2,190,968 2,216,827
11 Investments—land, buildings, and equipment: basis bullet258,030
Less: accumulated depreciation (attach schedule) bullet   258,030 Click to see attachment258,030 267,917
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,751,867 Click to see attachment1,762,249 1,879,578
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,886,019 7,910,553 9,563,450
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment221,547 Click to see attachment182,318
23 Total liabilities (add lines 17 through 22)......... 221,547 182,318
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 7,664,472 7,728,235
30 Total liabilities and net assets/fund balances (see instructions). 7,886,019 7,910,553
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
7,664,472
2
Enter amount from Part I, line 27a .....................
2
63,763
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,728,235
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,728,235
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 75 3M CO P 2015-08-25 2018-06-08
b 20 ABBOTT LABORATORIES P 2018-06-08 2018-08-08
c 430 ABBOTT LABORATORIES P 2017-02-02 2018-08-08
d 10 ADOBE SYS INC COM P 2018-06-08 2018-06-27
e 17 ADOBE SYS INC COM P 2018-06-08 2018-07-17
8 ADOBE SYS INC COM P 2018-06-08 2018-09-19
13 ADOBE SYS INC COM P 2018-06-08 2018-09-25
4 ADOBE SYS INC COM P 2016-10-17 2018-09-25
8 ADOBE SYS INC COM P 2016-10-17 2018-10-08
290 AGILENT TECHNOLOGIES INC P 2015-12-10 2018-06-19
100 AGILENT TECHNOLOGIES INC P 2018-06-08 2018-06-19
164 ALLERGAN PLC P 2018-06-08 2018-10-30
480 ALLY FINANCIAL INC P 2017-06-09 2018-07-31
410 ALLY FINANCIAL INC P 2017-06-12 2018-07-31
330 ALLY FINANCIAL INC P 2018-06-08 2018-07-31
3 ALPHABET INC/CA P 2018-07-17 2018-10-15
6 ALPHABET INC/CA P 2018-06-08 2018-10-30
2 ALPHABET INC/CA P 2018-11-07 2018-10-30
1 ALPHABET INC/CA P 2016-10-27 2018-11-06
1 ALPHABET INC/CA P 2016-09-22 2018-11-06
2 ALPHABET INC/CA P 2017-07-31 2018-11-06
1 AMAZON COM INC P 2018-06-08 2018-10-08
5 AMAZON COM INC P 2018-06-08 2018-10-30
63 ANDEAVOR P 2018-06-08 2018-10-04
140 ANDEAVOR P 2017-01-30 2018-10-04
10000 BANK OF AMERICA CORP P 2018-03-07 2018-09-06
20000 BANK OF AMERICA CORP P 2018-08-15 2018-09-06
10000 BANK OF AMERICA CORP P 2018-02-28 2018-09-06
10000 BANK OF AMERICA CORP 2.6% 1/15/19 P 2017-03-15 2018-02-28
10000 BANK OF AMERICA CORP 2.6% 1/15/19 P 2017-03-15 2018-03-07
15000 BANK OF AMERICA CORP 2.6% 1/15/19 P 2017-03-15 2018-08-15
25000 BARCLAYS PLC 2.75% 11/08/19 P 2015-03-27 2018-05-24
28301.546 BNY MELLON INCOME STK FD CL M P 2011-11-30 2018-06-07
5938.931 BNY MELLON INCOME STK FD CL M P 2012-06-06 2018-06-07
13028.431 BNY MELLON INCOME STK FD CL M P 2012-03-01 2018-06-07
10000 BRITISH TELECOMMUNICATIONS PLC P 2015-08-18 2018-01-15
84 BROADCOM INC P 2013-10-10 2018-06-08
30000 C V S HEALTH CORP 2.8% 7/20/20 P 2016-04-26 2018-03-07
4200 CALIFORNIA ST EARTHQ 2.805% 7/01/19 P 2014-11-05 2018-07-01
2100 CALIFORNIA ST EARTHQ 2.805% 7/01/19 P 2014-10-29 2018-07-01
35000 CITIGROUP INC 4.05% 7/30/22 P 2016-07-07 2018-05-02
70 COMCAST CORP NEW CL A P 2018-07-12 2018-10-08
15 CONSTELLATION BRANDS INC P 2015-08-26 2018-06-08
95 COSTCO WHSL CORP NEW P 2016-12-19 2018-06-08
4 COSTCO WHSL CORP NEW P 2017-09-13 2018-06-08
20 DEERE & COMPANY P 2018-06-08 2018-10-08
15 ELECTRONIC ARTS P 2018-06-08 2018-06-27
20 ELECTRONIC ARTS P 2018-06-08 2018-10-08
15000 EMC CORP 1.875% 6/01/18 P 2013-06-03 2018-06-01
15000 EMC CORP 1.875% 6/01/18 P 2013-11-14 2018-06-01
2 EQUINIX INC P 2017-10-18 2018-10-08
32 EQUINIX INC P 2018-06-08 2018-10-29
9 EQUINIX INC P 2017-10-18 2018-10-29
1 EQUINIX INC P 2017-10-17 2018-10-29
7 EQUINIX INC P 2017-10-17 2018-10-29
20000 FORD MOTOR CREDIT CO 3.2% 1/15/21 P 2016-05-19 2018-10-18
3.4 GARRETT MOTION INC-WI P 2018-08-23 2018-10-02
3.7 GARRETT MOTION INC-WI P 2018-06-08 2018-10-02
9.9 GARRETT MOTION INC-WI P 2015-07-28 2018-10-02
0.9 GARRETT MOTION INC-WI P 2015-07-28 2018-11-14
20000 GENERAL ELEC CAP CORP P 2013-11-26 2018-03-27
5000 GENERAL ELEC CAP CORP P 2013-10-25 2018-03-27
10000 GENERAL ELEC CAP CORP P 2013-10-25 2018-04-30
30000 GENERAL MOTORS FINL 3.45% 1/14/22 P 2017-01-11 2018-05-09
20000 GRUPO TELEVISA SA SR NT P 2014-01-06 2017-12-26
15000 GRUPO TELEVISA SA SR NT P 2012-03-27 2017-12-26
30000 H S B C HLDGS PLC 2.95% 5/25/21 P 2018-01-26 2018-06-20
330 HARTFORD FINL SVCS GROUP INC COM P 2016-10-04 2018-06-08
20 HARTFORD FINL SVCS GROUP INC COM P 2017-03-01 2018-06-08
10000 HSBC FINANCE CORP P 2013-11-14 2018-01-16
104 ILLINOIS TOOL WORKS INC COM P 2015-01-29 2018-08-23
33 ILLINOIS TOOL WORKS INC COM P 2018-06-08 2018-08-23
20 INTERCONTINENTALEXCHANGE GRO P 2018-06-08 2018-10-08
50 INVESCO LTD P 2017-03-01 2018-09-13
50 INVESCO LTD P 2017-06-09 2018-09-13
420 INVESCO LTD P 2018-06-08 2018-09-13
10 INVESCO LTD P 2018-07-31 2018-09-13
400 INVESCO LTD P 2009-04-22 2018-09-14
60 INVESCO LTD P 2018-07-31 2018-09-14
70 INVESCO LTD P 2016-07-06 2018-09-14
43 MICROSOFT CORP COM P 2018-06-08 2018-07-17
81 MICROSOFT CORP COM P 2018-06-08 2018-09-25
100 MONDELEZ INTERNATIONAL INC P 2018-06-08 2018-06-29
50 MONDELEZ INTERNATIONAL INC P 2018-08-23 2018-10-08
17 NVIDIA CORP P 2018-06-08 2018-06-19
18 NVIDIA CORP P 2018-06-08 2018-07-12
10 NVIDIA CORP P 2018-06-08 2018-09-19
6 NVIDIA CORP P 2017-04-07 2018-10-08
3 NVIDIA CORP P 2018-06-08 2018-10-08
18 NVIDIA CORP P 2016-10-20 2018-10-12
41 NVIDIA CORP P 2016-10-20 2018-10-30
16 NVIDIA CORP P 2016-10-20 2018-11-06
110 PHILIP MORRIS INTERNATIONAL P 2018-06-08 2018-08-23
150 PHILIP MORRIS INTERNATIONAL P 2015-04-30 2018-08-23
6.1667 RESIDEO TECHNOLOGIES INC-W/I P 2018-06-08 2018-11-06
5.6667 RESIDEO TECHNOLOGIES INC-W/I P 2018-08-23 2018-11-06
0.1667 RESIDEO TECHNOLOGIES INC-W/I P 2018-10-02 2018-11-06
17.9999 RESIDEO TECHNOLOGIES INC-W/I P 2015-07-28 2018-11-06
10000 SANTANDER HOLDINGS US 2.65% 4/17/20 P 2018-06-27 2018-09-27
20000 SANTANDER HOLDINGS US 2.65% 4/17/20 P 2015-04-14 2018-09-27
5000 SANTANDER HOLDINGS US 2.65% 4/17/20 P 2015-04-28 2018-09-27
50 SCHWAB CHARLES CORP NEW P 2018-06-08 2018-10-08
5000 SCRIPPS NETWORKS INTERACTIVE I P 2015-05-18 2018-02-28
15000 SCRIPPS NETWORKS INTERACTIVE I P 2015-05-18 2018-02-28
10000 SCRIPPS NETWORKS INTERACTIVE I P 2015-07-21 2018-02-28
118 SPLUNK INC P 2018-09-25 2018-11-06
40 SPLUNK INC P 2018-10-12 2018-11-06
650 TWENTY FIRST CENTURY FOX INC P 2018-06-08 2018-06-11
35000 VERIZON COMMUNICATION 5.15% 9/15/23 P 2015-02-18 2018-06-15
25000 WAL-MART STORES INC 4.25% 4/15/21 P 2013-12-12 2018-01-23
CitiGroup Return of Principal P 2009-06-01 2018-09-18
Wachovia Litigation P 2008-01-01 2018-10-04
Lehman Return of Principal P 2010-01-01 2018-08-31
Capital Gain Dividends      
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 15,375   10,544 4,831
b 1,298   1,263 35
c 27,896   18,310 9,586
d 2,428   2,473 -45
e 4,353   4,204 149
2,118   1,978 140
3,468   3,214 254
1,067   432 635
2,020   863 1,157
18,385   11,995 6,390
6,340   6,561 -221
25,972   26,698 -726
12,830   9,402 3,428
10,959   8,153 2,806
8,821   8,777 44
3,334   3,635 -301
6,230   6,784 -554
2,077   2,093 -16
1,065   818 247
1,065   817 248
2,131   1,891 240
1,840   1,679 161
7,658   8,395 -737
9,593   9,111 482
21,318   11,620 9,698
10,223   10,345 -122
20,446   20,489 -43
10,223   10,339 -116
10,007   10,085 -78
10,013   10,085 -72
15,003   15,127 -124
24,853   25,284 -431
269,431   181,696 87,735
56,539   38,900 17,639
124,031   90,548 33,483
10,000   10,975 -975
21,427   3,641 17,786
29,764   31,052 -1,288
4,200   4,199 1
2,100   2,100  
35,327   37,206 -1,879
2,434   2,406 28
3,358   1,870 1,488
19,197   15,598 3,599
808   654 154
3,057   3,166 -109
2,109   2,057 52
2,209   2,743 -534
15,000   14,991 9
15,000   15,003 -3
841   937 -96
12,189   12,714 -525
3,428   4,215 -787
381   461 -80
2,666   3,230 -564
19,507   20,411 -904
58   57 1
63   59 4
168   108 60
13   10 3
20,958   22,376 -1,418
5,240   5,571 -331
10,491   11,141 -650
29,584   29,960 -376
20,330   22,360 -2,030
15,247   17,465 -2,218
29,542   30,067 -525
17,455   14,383 3,072
1,058   998 60
11,252   11,575 -323
14,093   9,731 4,362
4,472   4,890 -418
1,498   1,511 -13
1,167   1,633 -466
1,167   1,711 -544
9,804   11,633 -1,829
233   271 -38
9,465   6,200 3,265
1,420   1,625 -205
1,656   1,747 -91
4,528   4,342 186
9,237   8,178 1,059
4,112   3,951 161
2,144   2,117 27
4,378   4,431 -53
4,521   4,692 -171
2,704   2,607 97
1,574   601 973
787   782 5
4,439   1,216 3,223
7,917   2,769 5,148
3,399   1,081 2,318
9,027   8,701 326
12,310   12,487 -177
147   168 -21
136   160 -24
4   5 -1
430   333 97
9,871   9,911 -40
19,742   19,920 -178
4,935   4,987 -52
2,564   2,869 -305
4,956   4,986 -30
14,867   14,949 -82
9,912   9,912  
11,185   13,853 -2,668
3,792   4,139 -347
26,251   25,830 421
37,774   39,858 -2,084
26,519   27,101 -582
932     932
499     499
703     703
      227,878
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       4,831
b       35
c       9,586
d       -45
e       149
      140
      254
      635
      1,157
      6,390
      -221
      -726
      3,428
      2,806
      44
      -301
      -554
      -16
      247
      248
      240
      161
      -737
      482
      9,698
      -122
      -43
      -116
      -78
      -72
      -124
      -431
      87,735
      17,639
      33,483
      -975
      17,786
      -1,288
      1
       
      -1,879
      28
      1,488
      3,599
      154
      -109
      52
      -534
      9
      -3
      -96
      -525
      -787
      -80
      -564
      -904
      1
      4
      60
      3
      -1,418
      -331
      -650
      -376
      -2,030
      -2,218
      -525
      3,072
      60
      -323
      4,362
      -418
      -13
      -466
      -544
      -1,829
      -38
      3,265
      -205
      -91
      186
      1,059
      161
      27
      -53
      -171
      97
      973
      5
      3,223
      5,148
      2,318
      326
      -177
      -21
      -24
      -1
      97
      -40
      -178
      -52
      -305
      -30
      -82
       
      -2,668
      -347
      421
      -2,084
      -582
      932
      499
      703
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 427,765
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -7,167
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 356,451 8,993,177 0.03964
2017 531,467 8,326,448 0.06383
2016 405,514 8,863,535 0.04575
2015 577,745 9,047,663 0.06386
2014 542,244 8,210,868 0.06604
2
Total of line 1, column (d) .....................
2
0.279112
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.055822
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
9,551,825
5
Multiply line 4 by line 3......................
5
533,202
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
6,343
7
Add lines 5 and 6........................
7
539,545
8
Enter qualifying distributions from Part XII, line 4,.............
8
596,673
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 6,343
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 6,343
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,343
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 6,760
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,260
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,917
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet1,917 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBarbara Ortiz Telephone no.bullet (352) 873-0848

    Located atbullet8435 SW 80th Street Ste 2OcalaFL ZIP+4bullet34481
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Ina A Colen President/Dir
    1.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Kenneth D Colen Vice Pres/Dir
    4.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Robert Colen Asst Sec/Dir
    2.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Gerald R Colen Treas/Sec/Dir
    1.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Leslee R Colen Asst Sec/Dir
    1.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Barbara Ortiz Asst Sec
    4.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 PAYMENTS TO SUPPORT AND ASSIST AGED INDIVIDUALS IN MAINTAINING THEIR HOME ENVIRONMENT. ONE BENEFICIARY WAS ASSISTED DURING THE CURRENT YEAR. 6,590
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 The Foundation purchased the remainder interest in 8830 SW 82nd Court Road, Ocala, FL to provide the aged owner of the retained life estate with funds needed to maintain his home environment. Additional amounts paid in excess of the computed annuity over the seller's life, and for the purposes described above, are treated by the Foundation as qualifying distributions made directly for the active conduct of activities constituting its charitable purpose. See Reg section 53.4942(b)-1(b). During the Foundation's fiscal year ended November 30, 2018, $45,819 of direct aid has been paid to, or on behalf of, the seller of the remainder interest. Of this amount $6,590 represents amounts paid directly for the conduct of activities constituting the charitable exempt purpose. 39,229
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet39,229
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,822,061
    b
    Average of monthly cash balances.......................
    1b
    69,877
    c
    Fair market value of all other assets (see instructions)................
    1c
    9,887
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,901,825
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    9,901,825
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    350,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,551,825
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    477,591
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    477,591
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    6,343
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,343
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    471,248
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    471,248
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    471,248
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    557,444
    b
    Program-related investments—total from Part IX-B..................
    1b
    39,229
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    596,673
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    6,343
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    590,330
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 471,248
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 140,911
    b From 2015...... 135,892
    c From 2016......  
    d From 2017...... 122,907
    e From 2018......  
    fTotal of lines 3a through e........ 399,710
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 596,673
    a Applied to 2018, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 471,248
    e Remaining amount distributed out of corpus 125,425
    5 Excess distributions carryover applied to 2019.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 525,135
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		140,911
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		384,224
    10 Analysis of line 9:
    a Excess from 2015.... 135,892
    b Excess from 2016....  
    c Excess from 2017.... 122,907
    d Excess from 2018....  
    e Excess from 2019.... 125,425
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Barbara Ortiz
    8435 SW 80th Street Suite 2
    Ocala,FL34481
    (352) 873-0848
    colenfoundation@gmail.com
    bThe form in which applications should be submitted and information and materials they should include:
    The Foundation has an "Application for Grant" form to be completed by all 501(C)(3) applicants. A copy of the application is attached. 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
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    US HOLOCAUST MUSEUM
    100 Rauol Wallenberg Place SW
    WASHINGTON,DC20024     		N/A 501(c)3 Charitable Contribution 1,000
    Ocala Symphony Orchestra
    500 NE 9th Street
    OCALA,FL34470     		N/A 501(c)3 Charitable Contribution 10,000
    AMER SOCIETY FOR YAD VASHEM
    500 Fifth Ave 42nd Floor
    New York,NY10110     		N/A 501(c)3 Charitable Contribution 1,000
    Memorial Sloan-Kettering Cancer Inst
    1275 York Avenue
    New York,NY10065     		N/A 501(c)3 Charitable Contribution 5,000
    Arc Tampa Bay Foundation
    1501 N Belcher Rd Ste 244
    Clearwater,FL33765     		N/A 501(c)3 Charitable Contribution 1,000
    WEDU
    1300 North Boulevard
    Tampa,FL33607     		N/A 501(c)3 Charitable Contribution 2,000
    Friends of Yad Lakashish
    PO Box 494
    Englewood,NJ07631     		N/A 501(c)3 Charitable Contribution 7,500
    Horiticultural Arts & Park Inst Inc
    8435 SW 80t Street Suite 2
    Ocala,FL34481     		N/A 501(c)3 Charitable Contribution 17,000
    WUSF Public Media fbo 897
    4202 East Fowler Ave TVB100
    Tampa,FL33620     		N/A 501(c)3 Charitable Contribution 3,000
    American Jewish University
    15600 Mulholland Dr
    BelAir,CA90077     		N/A 501(c)3 Charitable Contribution 1,000
    Canine Companions for Independence
    PO Box 680388
    Orlando,FL32868     		N/A 501(c)3 Charitable Contribution 3,500
    Florida Orchestra Inc
    244 Second Ave N Suite 420
    St Petersburg,FL33701     		N/A 501(c)3 Charitable Contribution 30,000
    The Jewish Theological Seminary
    3080 Broadway
    New York,NY10027     		N/A 501(c)3 Charitable Contribution 5,000
    Tampa Bay Preforming Arts Center Inc
    1010 North WC MacInnes Place
    Tampa,FL33602     		N/A 501(c)3 Charitable Contribution 40,000
    New Israel Fund
    6 East 39th Street Suite 301
    New York,NY10014     		N/A 501(c)3 Charitable Contribution 50,000
    Israel Guide Dog Center for the Blind
    968 easton Rd Ste H
    Warrington,PA18976     		N/A 501(c)3 Charitable Contribution 1,000
    Ruth Eckerd Hall Inc
    1111 McMullen Booth Road
    Clearwater,FL33759     		N/A 501(c)3 Charitable Contribution 10,000
    Congregation Bnai Israel of St Pete
    300 58th Street North
    St Petersburg,FL33710     		N/A 501(c)3 Charitable Contribution 25,000
    The Perlman Music Program Suncoast Inc
    PO Box 3407
    Sarasota,FL34230     		N/A 501(c)3 Charitable Contribution 5,000
    Temple Beth Shalom
    1109 NE 8TH Avenue
    Ocala,FL34470     		N/A 501(c)3 Charitable Contribution 35,000
    Catholic Charities Bureau Inc
    134 East Church Street
    Jacksonville,FL32202     		N/A 501(c)3 Charitable Contribution 5,000
    Hillels of the Florida Suncoast
    PO Box 290756
    Tampa,FL33687     		N/A 501(c)3 Charitable Contribution 10,000
    The VOICExperience Foundation
    PO Box 1576
    Palm Harbor,FL34682     		N/A 501(c)3 Charitable Contribution 17,500
    Outreach Autism Services Network Inc
    7634 SW 60th Avenue
    Ocala,FL34476     		N/A 501(c)3 Charitable Contribution 10,000
    Florida Inst for Human Machine Cognition
    15 SE Osceola Avenue
    Ocala,FL34471     		N/A 501(c)3 Charitable Contribution 6,500
    College of Central Florida Foundati
    4333 E Silver Springs Blvd
    Ocala,FL34470     		N/A 501(c)3 Charitable Contribution 5,000
    National Disaster Search Dog Foundation
    6800 Wheeler Canyon Road
    Santa Paula,CA93060     		N/A 501(c)3 Charitable Contribution 3,500
    PACE Center for Girls of Marion Cou
    328 NE 1st Avenue Suite 500
    Ocala,FL34470     		N/A 501(c)(2) Charitable Contribution 5,000
    Tampa Bay History Center Inc
    801 Old Water Street
    Tampa,FL33602     		N/A 501(c)(3) Charitable Contribution 10,000
    Florida's Voice on Developmental Di
    PO Box 24531
    Ft Lauderdale,FL33307     		N/A 501(c)(3) Charitable Contribution 7,500
    CITRUS YOUTH EDUC SYMPHONIC ORCHEST
    7330 WEST GOLF CLUB ST
    CRYSTAL RIVER,FL34429     		N/A 501(c)3 CHARITABLE CONTRIBUTION 1,000
    COMMUNITY FOUNDATION OF TAMPA BAY
    4300 W Cypress Street Suite 700
    TAMPA,FL33607     		N/A 501(c)3 CHARITABLE CONTRIBUTIONS 70,000
    UNIVERSITY OF TAMPA-HENRY PLANT MUS
    401 W KENNEDY BLVD
    TAMPA,FL33606     		N/A 501(c)3 CHARITABLE CONTRIBUTIONS 5,000
    American Friends of Beit Ruth Inc
    315 West 70th Street 7F
    New York,NY10023     		N/A 501(c)3 CHARITABLE CONTRIBUTION 5,000
    Public Education Found of Marion Co
    1236 NW 4th Street
    Ocala,FL34475     		N/A 501(c)3 Charitable Contribution 3,000
    Moment Mag Center for Creative Chan
    4115 Wisconsin Ave NW Suite 102
    Washington,DC20016     		N/A 501(c)(3) Charitable Contribution 20,000
    Canine Assisted Therapy Inc
    1040 NE 45th Street
    Oakland Park,FL33334     		N/A 501(c)(3) Charitable Contribution 1,500
    Karel Dupre
    8830 SW 82nd Court Road
    Ocala,FL34481     		NONE I support and assist aged individuals 6,590
    Jewish Coalition Against Domestic Abuse
    PO Box 226
    Rockville,MD20847     		N/A 501(c)3 Charitable Contribution 3,000
    Congregation Beth Shalom of Clearwater
    1325 S Belcher Rd
    Clearwater,FL33764     		N/A 501(c)3 Charitable Contribution 65,200
    Humane Society of North Pinellas Inc
    3040 State Road 590
    Clearwater,FL33759     		N/A 501(c)3 Charitable Contribution 5,000
    United Way of Marion County
    1401 NE 2nd Street
    Ocala,FL34470     		N/A 501(c)3 Charitable Contribution 2,055
    Marion Senior Services Inc
    1101 SW 20th Court
    Ocala,FL34471     		N/A 501(c)3 Charitable Contribution 5,000
    Forward Association Inc
    125 Maiden Lane 8th Floor
    New York,NY10038     		N/A 501(c)3 Charitable Contribution 10,000
    FL Music Education Association
    402 Office Plaza Drive
    Tallahassee,FL32301     		N/A 501(c)3 Charitable Contribution 1,000
    Total .................................bullet 3a 536,345
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 3  
    4 Dividends and interest from securities....     14 230,760  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 427,765  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   658,528  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    658,528
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID: 17005038
    Software Version: 2017v2.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 5,400 540 0 4,860

    TY 2017 CashDeemedCharitableExplnStmt
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Explanation:
    The Colen Foundation ("Foundation") submits for the reasons set forth below that cash balances greater than an amount equal to 1-1/2% of its assets of the type described in Treasury Regulation section 53.4942(a)-2(c)(3)(i) are necessary for payment of its anticipated expenses and charitable disbursements, within the meaning of Treasury Regulation section 53 .4942(a)-2(c)(3)(iv).During the past five tax years, the Foundation has distributed a total of $2,476,996 for an average of in excess of approximately $495,399 per year in qualifying charitable distributions, as follows:Tax Year Ended Distributions:11/30/18 $596,67311/30/17 $356,45111/30/16 $535,34811/30/15 $405,51411/30/14 $583,010The Foundation anticipates making qualifying distributions of at least $350,000 during the fiscal year ending November 30, 2019, and requires the cash deemed held for charitable purposes at its November 30, 2018 year end to accomplish this purpose.The officers and directors of the Foundation are not compe

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Name of Bond End of Year Book Value End of Year Fair Market Value
    LEHMAN BROTHERS HOLDINGS 2/13/37 18,139 1,970
    LEHMAN BROTHERS HOLDINGS 3/27/37 8,864 1,056
    Lehman Brothers Holdings 12/28/37 17,703 2,030
    AT&T INC 3% 6/30/2022 34,350 33,924
    MORGAN STANLEY GLOBAL 4.875% 11/1/22 35,932 35,938
    ORACLE CORP 2.5% 5/15/22 29,894 29,061
    Time Warner Inc 3.6% 07/15/2025 39,521 37,498
    Dow Chemical Co 4.25% 11/9/10 9,215 9,097
    Anheuser-Bush INBEV 2.65% 2/1/2021 34,786 34,291
    FORD MOTOR CREDIT CO 3.2% 1/15/2021 15,308 14,502
    NBC UNIVERSAL MEDIA 4.375% 4/1/2021 38,633 35,699
    DREYFUS SELECT MGER S/C GR-1 149,663 212,800
    DREYFUS SELECT MGERE S/C VL1 154,896 200,870
    AMGEN INC 34,054 30,119
    A.B.B. FINANCE USA INC DTD 2.875% 5/8/22 30,956 29,318
    INTEL CORP DTD 2.70% 12/15/2022 34,907 34,071
    BOSTON PROPERTIES LP 15,531 15,135
    JP MORGAN CHASE & CO 3.875% 9/10/2024 41,548 39,140
    GOLDMAN SACHS GROUP INC 4.25% 10/21/2025 39,874 38,578
    SIMON PROPERTY GROUP LP 2.2% 2/1/19 30,089 29,951
    CISCO SYSTEMS 2.125% 3/1/19 34,975 34,945
    TELEFONICA EMISIONES SAU 4.103% 3/8/202 39,830 37,868
    EBAY INC 3.45% 8/1/2024 35,671 33,158
    PETROLEOS MEXICANOS 4.875% 1/24/22 31,553 28,890
    ABBVIE INC DTD 2.3% 5/14/2021 30,000 29,005
    ENTERPRISE PRODUCTS OPER DTD 2.55% 20,026 19,886
    ACTAVIS FUNDING SCS DTD 3.85% 6/15/24 31,011 29,198
    ARROW ELECTRONICS INC 25,081 24,428
    DEUTSCHE BANK AG 34,616 34,090
    AERCAP IRELAND CAP LTD 36,426 35,234
    CREDIT SUISSE GRP FDG GUERNS 40,072 39,417
    KIMCO REALTYCORP 40,038 38,921
    ESSEX PORTFOLIO 36,344 34,614
    ROYAL BANK OF CANADA 40,477 40,517
    LLOYDS BANKING GROUP PLC 35,733 32,796
    INTERCONTINENTALEXCHANGE GROUP, INC. 35,145 34,512
    DREYFUS OPPORTUNISTIC SMALL CAP FUND 182,700 193,176
    WELLS FARGO DTD 2.5% 3/4/2021 34,535 34,121
    ACTIVISION BLIZZARD INC DTD 2.6% 6/15/22 39,736 38,423
    JOHN DEERE DTD 2.15% 9/8/2022 29,939 28,656
    MCCORMICK & CO DTD 3.15% 8/15/2024 34,660 33,403
    SHIRE ACQ INV IRELAND DA 29,539 26,996
    BRANDYWINE OPER PARTNERS 3.95% 11/15/27 24,813 23,307
    BANCO SANTANDER S.A. 3.125% 2/23/2023 33,345 32,787
    VERIZON COMMUNICATIONS 2.6250% 8/15/2026 39,921 40,296
    BANK OF AMERICA CORP 4.45% 3/3/2026 40,321 39,339
    BARCLAYS PLC NTS OID ISIN 3.2% 8/10/2021 39,332 38,666
    CVS HEALTH CORP SPECIAL 4.1% 3/25/2025 34,712 34,440
    CAMPBELL SOUP COMPANY 3.65% 2/15/2023 9,935 9,655
    CITIGROUP INC NTS ISIN 3.142% 1/24/2023 34,363 34,164
    CITIZENS BANK NATIONAL 3.7% 3/29/2023 29,975 29,773
    RABOBANK NEDERLAND 4.625% 12/1/2023 43,226 40,388
    DISCOVERY COMMUNICATIONS 2.95% 3/20/2023 29,045 28,490
    GENERAL DYNAMICS CORP 3% 5/11/2021 29,964 29,827
    GENERAL MOTORS FINANCIAL 4.25% 5/15/2023 30,138 29,237
    GLAXOSMITHKLINE CAPITAL 3.375% 5/15/2023 19,998 19,789
    HSBC HOLDINGS PLC NTS 3.95% 5/18/2024 39,910 39,367

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Valero Energy Corp New (VLO) 15,196 23,970
    BNY Mellon Income Stock Fund 588,404 881,760
    BNY Mellon Mid Cap Stock Fund 617,254 904,053
    DREYFUS LARGE CAP EQUITY FUND 1,082,732 1,826,955
    VIRTUS EMERGING MARKETS OPPORTUNITY 133,309 150,475
    COMCAST CORP CI A (CMCSA) 29,031 37,060
    BNY MELLON MONEY MARKET FUND 2,999 2,999
    AMAZON.COM INC (AMZN) 11,434 33,803
    CONSTELLATION BRANDS INC-A (STZ) 22,866 26,623
    HONEYWELL INTL INC (HON) 22,039 27,002
    DREYFUS MIDCAP INDEX FUND (DMIDX) 193,500 190,371
    ADOBE SYSTEMS INC (ADBE) 12,490 32,867
    ALPHABET INC (GOOGL) 17,729 24,412
    ELECTRONIC ARTS INC (EA) 23,702 21,522
    NVIDIA CORP (NVDA) 6,349 15,362
    UNITEDHEALTH GROUP INC (UNH) 25,085 39,672
    VISA INC-CLASS A SHRS (V) 23,392 36,561
    YUM! BRANDS INC (YUM) 21,692 28,588
    DFA EMERGING MARKETS CORE EQUITY 185,800 225,186
    DEERE & CO (DE) 24,175 27,259
    DOWDUPONT INC (DWDP) 18,022 19,669
    MICROSOFT CORPORATION (MSFT) 17,020 25,616
    SCHWAB CHARLES CORP NEW (SCHW) 21,174 21,952
    BOEING COMPANY (BA) 32,693 31,208
    INTERCONTINENTAL EXCHANGE INC (ICE) 29,425 31,871
    TEXAS INSTRS INCORPORATED (TXN) 35,577 30,954
    SVB FINL GROUP (SIVB) 29,506 24,462
    PFIZER INCORPORATED (PFE) 31,267 34,673
    MONDELEZ INTERNATIONAL INC (MDLZ) 29,745 33,285
    MERCK & COMPANY INC (MRK) 28,359 30,943
    MARATHON PETE CORPORATION (MPC) 17,584 13,684
    MGM RESORTS INTERNATIONAL (MGM) 26,536 22,646
    MSCI INCORPORATED (MSCI) 26,070 22,621
    CISCO SYSTEMS INCORPORATED (CSCO) 23,652 24,414
    VERIZON COMMUNICATIONS INC (VZ) 23,752 24,723
    MEDTRONIC PLC SHS (IRELAND) (MDT) 26,030 29,259
    RAYMOND JAMES BANK DEPOSIT PROGRAM 101,964 101,964

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    74,695
    State & Local Government Securities - End of Year Fair Market Value:


    71,627


    TY 2017 InvestmentsLandSchedule2
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Buildings 258,030   258,030 258,030
    Land       9,887

    TY 2017 InvestmentsOtherSchedule2
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BNY Mellon International Fund CL M AT COST 329,102 360,862
    Dreyfus/Newton International Equity AT COST 314,885 340,126
    Dreyfus High Yield Fund AT COST 107,277 103,948
    Dreyfus Global Real Estate Securities AT COST 104,922 127,795
    ASG MANAGED FUTURES STRATEGY FUND AT COST 65,900 59,466
    ADVANTAGE DYNAMIC TOTAL RETURN FUND AT COST 210,985 218,833
    DREYFUS FLOATING RATE INCOME FUND AT COST 66,682 67,199
    ISHARES MSCI EAFE INDEX FD (EFA) AT COST 543,238 580,623
    AMERICAN TOWER CORP NEW REIT (AMT) AT COST 19,258 20,726

    TY 2017 LegalFeesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 17,950 1,795 0 16,155


    TY 2017 OtherExpensesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Annual State Filing Fee 61     61
    Insurance 768 768    
    Investment Fees 18,808 18,808    
    Postage 23     23


    TY 2017 OtherLiabilitiesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Description Beginning of Year - Book Value End of Year - Book Value
    Remainder Interest 221,547 182,318


    TY 2017 TaxesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    17005038
    Software Version:
    2017v2.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Taxe 13,095      
    Foreign Taxes Paid 2,184 2,184    
    Real Estate Taxes 131 131