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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 12-01-2020 , and ending 11-30-2021
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 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$19,764,099J 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 115,533 115,533  
4 Dividends and interest from securities... 163,900 163,900  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,453,226
b Gross sales price for all assets on line 6a 4,346,403
7 Capital gain net income (from Part IV, line 2)... 1,453,226
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........ 1,732,659 1,732,659  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,490 749   6,741
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,286 1,834    
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 47,828 46,870   958
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 76,604 49,453   7,699
25 Contributions, gifts, grants paid....... 539,920 539,920
26 Total expenses and disbursements. Add lines 24 and 25 616,524 49,453   547,619
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,116,135
b Net investment income (if negative, enter -0-) 1,683,206
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 36,421 112,357 112,357
2 Savings and temporary cash investments.........      
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..........   8,602 8,602
10a Investments—U.S. and state government obligations (attach schedule) 284,765 Click to see attachment590,371 581,566
b Investments—corporate stock (attach schedule)....... 8,809,180 Click to see attachment8,485,555 12,666,076
c Investments—corporate bonds (attach schedule)....... 2,553,349 Click to see attachment2,968,423 2,955,875
11 Investments—land, buildings, and equipment: basis bullet385,977
Less: accumulated depreciation (attach schedule) bullet   385,977 Click to see attachment385,977 385,977
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,713,146 Click to see attachment2,721,389 3,053,646
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) 14,782,838 15,272,674 19,764,099
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 attachment172,443 Click to see attachment124,915
23 Total liabilities (add lines 17 through 22)......... 172,443 124,915
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........... 14,610,395  
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)..... 14,610,395 15,147,759
30 Total liabilities and net assets/fund balances (see instructions). 14,782,838 15,272,674
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
14,610,395
2
Enter amount from Part I, line 27a .....................
2
1,116,135
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
15,726,530
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
578,771
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,147,759
Form 990-PF (2020)
Form 990-PF (2020)
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 Raymond James - Short Term P 2021-11-01 2021-11-30
b Raymond James - Long Term P 2020-11-01 2021-11-30
c
d
e
(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 1,297,271   1,292,546 4,725
b 3,049,132   1,600,631 1,448,501
c
d
e
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       4,725
b       1,448,501
c
d
e
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 1,453,226
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 4,725
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 23,397
c All other domestic foundations enter 1.39% 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 23,397
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 23,397
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 32,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 32,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1
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 8,602
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet8,602 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 the instructions
for the 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
 
 
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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 ofbulletKrystel Torres Telephone no.bullet (352) 873-0848

    Located atbullet8435 SW 80th Street 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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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
     
     
    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 2020 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 2020.)..................
    3b
     
     
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
     
     
    .........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
     
     
    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
    STEPHANIE BERGEN ASST SEC
    0.00     		0    
    8435 SW 80TH STREET STE 2
    OCALA,FL34481
    KENNETH D COLEN President
    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 Vice President
    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 (2020)
    Form 990-PF (2020)
    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. Three beneficiaries assisted during the current year. 7,168
    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 fo rthe 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, 2021, $46,044 of direct aid has been paid to, or on behalf of, the seller of the remainder interest. Of this amount, $6,622 represents amounts paid directly for the conduct of activities constituting the charitable exempt purpose. 39,422
    2 The foundation purchased the remainder interest in 8814 SW 93rd Lane, Unit C, Ocala, FL to provide the aged owner of the retained life estate with funds needed to maintain her 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 fo rthe 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, 2021, $4,325 of direct aid has been paid to, or on behalf of, the seller of the remainder interest. Of this amount, $477 represents amounts paid directly for the conduct of activities constituting the charitable exempt purpose. 3,848
    All other program-related investments. See instructions.
    3 Click to see attachment 4,256
    Total. Add lines 1 through 3.........................bullet47,526
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    18,932,296
    b
    Average of monthly cash balances.......................
    1b
    93,046
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,025,342
    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
    19,025,342
    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
    18,675,342
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    933,767
    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
    933,767
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    23,397
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    23,397
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    910,370
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    910,370
    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
    910,370
    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
    547,619
    b
    Program-related investments—total from Part IX-B..................
    1b
    47,526
    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
    595,145
    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
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    595,145
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 910,370
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 109,639
    b From 2016......  
    c From 2017...... 125,425
    d From 2018...... 151,785
    e From 2019......  
    fTotal of lines 3a through e........ 386,849
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 595,145
    a Applied to 2019, 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 2020 distributable amount..... 595,145
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020. 315,225 315,225
    (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 71,624
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		71,624
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 71,624
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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:
    Krystel Torres
    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 RELATIVE
    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 (2020)
    Form 990-PF (2020)
    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
    Public Education Foundation of Mari
    1236 NW 4th Street
    Ocala,FL34475     		NONE PC Charitable Contribution 3,000
    American Society for Yad Vashem
    500 Fifth Avenue 42nd Floor
    New York,NY10110     		NONE PC Charitable Contribution 1,000
    American Jewish University
    1101 Peppertree Lane
    Brandeis,CA93064     		NONE PC Charitable Contribution 1,000
    Canine Companions for Independence
    8150 Clarcone Ocoee Road
    Orlando,FL32868     		NONE PC Charitable Contribution 3,500
    Canine Assisted Therapy Inc
    1040 NE 45th Street
    Oakland Park,FL33334     		NONE PC Charitable Contribution 2,000
    Catholic Charities Bureau Inc for C
    40 E Adams St Suite 320
    Jacksonville,FL32202     		NONE PC Charitable Contribution 10,000
    College of Central Florida Foundati
    4333 E Silver Springs Blvd
    Ocala,FL33470     		NONE PC Charitable Contribution 5,000
    Florida Dream Center Inc
    4017 56th Avenue N
    St Petersburg,FL33710     		NONE PC Charitable Contribution 5,000
    Florida Institute for Human and Mac
    15 SE Osceola Avenue
    Ocala,FL34471     		NONE PC Charitable Contribution 7,500
    Forward Association Inc
    125 Maiden Lane 8th Floor
    New York,NY10038     		NONE PC Charitable Contribution 15,000
    Hillel School of Tampa Inc
    2020 W Fletcher Avenue
    Tampa,FL33612     		NONE PC Charitable Contribution 40,000
    Israel Guide Dog Center for the Bli
    968 Easton Road Suite H
    Warrington,PA18976     		NONE PC Charitable Contribution 2,000
    Jewish Theological Seminary
    3080 Broadway
    New York,NY10027     		NONE PC Charitable Contribution 5,000
    Moment Magazine Center for Creative
    4115 Wisconsin Ave NW Suite LL10
    Washington,DC20016     		NONE PC Charitable Contribution 20,000
    National Disaster Search Dog
    6800 Wheeler Canyon Road
    Santa Paula,CA93060     		NONE PC Charitable Contribution 3,500
    Neuro Challenger Foundation for Par
    722 Apex Road Suite A
    Sarasota,FL34240     		NONE PC Charitable Contribution 3,000
    Ocala Symphony Orchestra Inc
    500 NE 9th Street
    Ocala,FL34470     		NONE PC Charitable Contribution 15,000
    Ruth Eckerd Hall Inc
    1111 McMullen Booth Road
    Clearwater,FL33759     		NONE PC Charitable Contribution 25,000
    Temple Beth Shalom
    1109 NE 8th Ave
    Ocala,FL34470     		NONE PC Charitable Contribution 35,000
    United States Holocaust Memorial Mu
    100 Raoul Wallenberg Place SW
    Washington,DC20024     		NONE PC Charitable Contribution 1,000
    Arc Tampa Bay Foundation
    1501 N Belcher Road Suite 244
    Clearwater,FL33765     		NONE PC Charitable Contribution 1,000
    Voices of Hope for Aphasia Inc
    200 2nd Avenue South 499
    St Petersburg,FL33701     		NONE PC Charitable Contribution 3,040
    WEDU
    1300 North Boulevard
    Tampa,FL33607     		NONE PC Charitable Contribution 1,000
    WUSF Public Media fbo 897
    4202 East Fowler Avenue TVB100
    Tampa,FL33620     		NONE PC Charitable Contribution 2,000
    Hillels of the Florida Suncoast
    13101 USF Sycamore Drive
    Tampa,FL33620     		NONE PC Charitable Contribution 10,000
    Gulf Coast Jewish Family Community
    14041 Icot Boulevard
    Clearwater,FL33760     		NONE PC Charitable Contribution 25,000
    Friends of Yad LaKishish Lifeline f
    PO Box 494
    Englewood,NJ07631     		NONE PC Charitable Contribution 13,000
    Greater Washington Jewish Coalition
    PO Box 2266
    Rockville,MD20847     		NONE PC Charitable Contribution 10,000
    Hand in Hand Center for Jewish-Arab
    PO Box 80102
    Portland,OR97280     		NONE PC Charitable Contribution 10,000
    Horticultural Arts Park Institute I
    8435 SW 80th Street Suite 2
    Ocala,FL34481     		NONE PC Charitable Contribution 75,000
    Memorial Sloan - Kettering Cancer I
    1257 York Avenue
    New York,NY10065     		NONE PC Charitable Contribution 5,000
    Tampa Bay Performing Arts Center In
    1010 North WC MacInnes Place
    Tampa,FL33602     		NONE PC Charitable Contribution 25,000
    Interfaith Emergency Services Inc
    435 NW 2nd Street
    Ocala,FL34475     		NONE PC Charitable Contributions 25,000
    Life Estate Karel Dupree
    8830 SW 82nd Court Road
    Ocala,FL33481     		NONE I Support and Assist Aged Individuals 6,622
    Life Estate Marguerite Cox
    8702 A SW 93rd Lane
    Ocala,FL34481     		NONE I Support and Assist Aged Individuals 69
    Life Estate Judith Packard
    8702 A SW 93rd Lane
    Ocala,FL34481     		NONE I Support and Assist Aged Individuals 477
    New Israel Fund
    6 East 39th St Suite 301
    New York,NY10016     		NONE PC Charitable Contribution 25,000
    American Friends of Beit Ruth
    2 Jerico Plaza Suite 111-Wing A
    Jericho,NY11753     		NONE PC Charitable Contribution 5,000
    Florida Orchestra
    244 2nd Avenue North Suite 420
    St Petersburg,FL33701     		NONE PC Charitable Contribution 30,000
    Sing Out Loud and Read
    1211 N Westshore Blvd 610
    Tampa,FL33607     		NONE PC Charitable Contribution 1,000
    The VOICExperience Foundation
    PO Box 1576
    Palm Harbor,FL34682     		NONE PC Charitable Contribution 17,500
    New Israel Fund
    6 East 39th St Suite 301
    New York,NY10016     		NONE PC Charitable Contribution 20,000
    Habitat for Humanity of Marion Coun
    1321 SE 25th Loop Suite 103
    Ocala,FL34471     		NONE PC Charitable Contribution 7,500
    Florida Center for the Blind
    1411 NE 22nd Avenue
    Ocala,FL34470     		NONE PC Charitable Contribution 10,000
    Temple Israel Foundation
    208 W 8th St
    Leadville,CO80461     		NONE PC Charitable Contribution 8,212
    Belleview High School Athletic Boos
    PO Box 3157
    Belleview,FL34421     		NONE PC Charitable Contribution 1,000
    Total .................................bullet 3a 539,920
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ...........     		    14 115,533  
    4 Dividends and interest from securities....     14 163,900  
    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 1,453,226  
    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)..   1,732,659  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,732,659
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 7,490 749 0 6,741

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount
    The foundation purchased the remainder interest in 8702 A SW 93rd Lane, Ocala, FL to provide the aged owner of the retained life estate with funds needed to maintain her 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 fo rthe 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, 2021, $4,325 of direct aid has been paid to, or on behalf of, the seller of the remainder interest. Of this amount, $69 represents amounts paid directly for the conduct of activities constituting the charitable exempt purpose. 4,256

    TY 2020 CashDeemedCharitableExplnStmt
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    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 $2,804,759 for an average of in excess of approximately $560,952 per year in qualifying charitable distributions, as follows:Tax Year Ended Distributions:11/30/20 $720,90011/30/19 $595,38711/30/18 $596,67311/30/17 $356,45111/30/16 $535,348The Foundation anticipates making qualifying distributions of at least $350,000 during the fiscal year ending November 30, 2022, and requires the cash deemed held for charitable purposes at its November 30, 2021 year end to accomplish this purpose.The officers and directors of the Foundation are not compe

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    A.B.B. Finance USA Inc 2.875% 5/8/22 30,956 30,305
    Actavis Funding SCS DTD 3.85% 6/15/24 31,011 31,251
    Arrow Electronics Inc 25,081 25,113
    AT&T Inc 3% 6/30/2022 34,350 35,349
    Banco Santander S.A. 3.125% 2/23/2023 33,345 35,941
    Bank of America Corp 4.45% 3/3/2026 40,321 44,023
    BP Capital Markets PLC 53,721 53,829
    Brandywine Oper Partners 3.95% 11/15/27 24,813 26,985
    Campbell Soup Company 3.65% 2/15/2023 9,935 10,344
    Cigna Corporation NTS 3.25%4/15/2025 25,997 26,247
    Citigroup Inc NTS ISIN 3.142% 1/24/2023 34,363 35,127
    Citizens Bank National 3.7% 3/29/2023 29,975 31,105
    Credit Suisse GRP FDG GUERNS 40,072 40,995
    CVS Health Corp Special 4.1% 3/25/2025 34,712 37,844
    Discovery Communications 2.95% 3/20/2023 29,045 30,783
    Ebay Inc 3.45% 81/1/2024 35,671 36,888
    Essex Portfolio 36,344 37,080
    General Motors Financial 4.25% 5/15/2023 30,138 31,406
    Glaxosmithkline Capital 3.375% 5/15/2023 19,998 20,761
    Goldman Sachs Group Inc 4.25% 10/21/2025 39,874 43,523
    HSBC Holdings PLC NTS 3.95% 5/18/2024 39,910 41,620
    Intel Corp DTD 2.70% 12/15/2022 34,907 35,789
    John Deere DTD 2.15% 9/8/2022 29,939 30,412
    JP Morgan Chase & Co 3.875% 9/10/2024 41,548 42,743
    JP Morgan Chase & Co 3.900% 07/15/2025 26,980 27,019
    Kimco Realtycorp 40,038 40,779
    Lehman Brothers Holdings 12/28/37 16,568 550
    Lehman Brothers Holdings 2/13/37 17,003 450
    Lehman Brothers Holdings 3/27/37 8,263 286
    Lloyds Banking Group PLC 35,733 38,627
    McCormick & Co DTD 3.15% 8/15/2024 34,660 36,648
    Morgan Stanley Global 4.875% 11/1/22 35,932 36,314
    Morgan Stanley MTN ISIN 4.000% 07/23/25 27,087 27,131
    Oracle Corp 2.5% 5/15/22 29,894 30,179
    Petroleos Mexicanos 4.875% 1/24/22 31,553 30,028
    Rabobank Nederland 4.625% 121/2023 43,226 42,820
    Royal Bank of Canada 40,477 44,413
    Shire Acq Inv Ireland Da 29,539 31,752
    Telefonica Emisiones SAU 4.103% 3/8/21 39,830 44,150
    Verizon Communications 2.625% 8/15/2026 39,921 46,925
    Wells Fargo DTD 3.069% 1/24/2022 51,389 50,174
    Celgene Corporation 3.45% 11/15/27 53,859 53,821
    National Rural Utilities 3.5% 3/15/27 11,013 10,701
    National Rural Utiltiies 3.0% 5/15/27 18,215 17,872
    Simon Property Group 3.375% 12/1/27 53,807 53,767
    V.F. Corporation 2.8% 4/23/27 26,621 26,310
    Federal Farm Credit 2.92% due 4/29/2026 46,189 45,521
    Federal Farm Credit 2.6% due 7/12/2029 54,017 51,862
    Federal Agricultural Mortgage 1.08% 99,875 96,754
    Tennessee Valley Authority 89,770 89,206
    United States Dept of Housing 5.77% 15,372 15,127
    Federal Farm Credit 3.67% due 5/16/2028 263,423 261,863
    Federal Farm Credit 2.96% due 5/16/2028 106,150 104,766
    Federal Farm Credit .31% due 11/30/2023 99,980 99,269
    Apple Inc. NTS ISIN 1.20% 97,460 97,000
    Bank of Nova Scotia 1.125% 94,849 93,953
    Canadian Imperial Bank 1.10% 49,625 48,061
    Wells Fargo & Company 2.25% 10,154 9,841
    Union Pacific Corporation 3.75% 16,295 15,857
    One Gas, Inc NTS 3.610% 42,776 41,935
    Oracle Corporation NTS 1.65% 76,052 74,674
    Oracle Corporation NTS 2.3% 76,529 75,452
    The Coca-Cola Company 1.00% 96,101 95,373
    Goldman Sachs Group 3.6250% 53,867 52,693
    JP Morgan Chase & Co. 3.6250% 82,305 80,489

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Adobe Systems Inc (ADBE) 105,217 200,955
    Alphabet Inc (GOOGL) 258,848 567,590
    Amazon.com Inc (AMZN) 356,878 701,414
    Cisco Systems Incorporated (CSCO) 208,650 274,200
    Comcast Corp CI A (CMCSA) 77,725 104,958
    Intercontinental Exchange Inc (ICE) 88,273 130,720
    Merck & Company Inc (MRK) 163,125 164,802
    Microsoft Corporation (MSFT) 250,629 595,062
    Mondelez International Inc (MDLZ) 51,073 64,834
    Nvidia Corp (NVDA) 55,581 522,816
    Raymond James Bank Deposit Program 175,945 175,945
    Texas Instrs Incorporated (TXN) 148,159 250,081
    Unitedhealth Group Inc (UNH) 291,233 488,642
    Visa Inc - Class A SHRS (V) 155,618 193,770
    Yum! Brands Inc (YUM) 72,927 98,272
    AT&T Incorporated (T) 104,814 79,905
    Alibaba Group Hldg (BABA) 308,090 204,048
    Apple Incorporated (AAPL) 250,952 628,140
    Automatic Data Processing Inc (ADP) 182,373 253,979
    CVS Health Corp (CVS) 226,810 302,804
    Disney Walt Company (DIS) 130,102 159,390
    Essential Utils Inc (WTRG) 211,578 236,350
    Expeditors International Wash Inc (EXPD) 106,774 158,106
    Flutter Entertainment PLC (PDYPY) 143,893 171,251
    Glaukos Corporation (GKOS) 96,368 103,272
    Intel Corporation (INTC) 259,548 246,000
    Intuit (INTU) 102,620 260,920
    JPMorgan Chase & Co (JPM) 152,518 190,596
    Johnson & Johnson (JNJ) 105,120 109,151
    Marsh & McLennan Companies (MMC) 139,016 213,226
    Mariott International Inc (MAR) 169,378 221,340
    Match Group Inc New (MTCH) 132,379 259,980
    Paypal Hldgs Inc (PYPL) 254,904 443,736
    Procter and Gamble Co (PG) 74,461 86,748
    RPM International Inc (RPM) 200,388 273,120
    Raytheon Technologies Corp (RTX) 125,929 169,932
    Rio Tinto PLC Sponsored (RIO) 195,008 169,263
    Roche Hldg Limited Sponsored ADR 94,481 106,876
    Taiwan Semiconductor Mfg (TSM) 164,484 363,165
    Truist Finl Corp (TFC) 315,655 421,101
    Twitter Inc (TWTR) 123,735 175,760
    United Parcel Service Inc (UPS) 125,378 257,881
    Waste Mgmt Inc Del (WM) 114,717 192,804
    Accenture Plc Ireland (ACN) 176,951 339,530
    Marvell Technology Group Limited (MRVL) 70,201 199,276
    FIMM Government Portfolio MM (FRGXX) 350,071 350,071
    Dow Incorporated (DOW) 134,428 120,846
    Oracle Corporation (ORCL) 262,195 344,812
    Softbank Group Corporation 420,355 318,636

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

    590,371
    US Government Securities - End of Year Fair Market Value:

    581,566
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsLandSchedule2
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Buildings 385,977   385,977 385,977

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALLY BANK MIDVALE UT 3.000% 01/04/2022 AT COST 44,888 45,125
    ASG MANAGED FUTURES STRATEGY FUND AT COST 65,900 69,916
    GOLDMAN SACHS BANK USA 3.500% 01/02/2024 AT COST 50,000 53,058
    ISHARES INCORPORATED CORE MSCI AT COST 186,508 210,420
    ISHARES TR RUS 1000 VAL ETF (IWD) AT COST 313,695 396,675
    ISHARES TR CORE MSCI EAFE AT COST 431,856 467,072
    ISHARES TR CORE S&P MCP ETF AT COST 175,658 243,216
    ISHARES TR CORE S&P SCP ETF AT COST 134,886 187,527
    MORGAN STANLEY PRIVATE BANK 2.650% 04/04 AT COST 24,928 25,216
    SALLIE MAE BK MURRAY, UT 1.850% 10/31/22 AT COST 99,500 101,590
    Celtic Bank Corp FCIC AT COST 50,025 50,055
    HSBC Bank USA 3.1500% AT COST 51,701 50,029
    HSBC Bank USA 3.3000% AT COST 223,938 218,421
    HSBC Bank USA 3.2500% AT COST 31,050 30,599
    JP Morgan Chase Bank 1.7% AT COST 225,331 222,683
    Sallie Mae BK FDIC 1.9% AT COST 25,773 26,770
    Sallie Mae BK FDIC #58177 1.85% AT COST 99,515 101,444
    Texas Exch Bank AT COST 150,000 147,839
    ISHARES TR RUS 1000 GRW ETF (IWF) AT COST 274,322 344,862
    Goldman Sachs Bank #33124 3.25% AT COST 23,548 23,205
    Goldman Sachs Bank #33124 3.00% AT COST 38,367 37,924

    TY 2020 OtherDecreasesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    Book-Tax Difference on Contributed Stock 578,771


    TY 2020 OtherExpensesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    D&O Liability Insurance 768     768
    Express Mail 129     129
    Licenses 61     61
    Raymond James Portfolio Fees 46,870 46,870    


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    REMAINDER INTEREST 172,441 124,915
    Rounding 2  


    TY 2020 TaxesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Taxes 19,452      
    Foreign Taxes 1,694 1,694    
    Real Estate Taxes 140 140