2025-02-03T09:29:14-08:00 2023-11-30 Filing Under Hurricane Milton Extension 592142260 CHRISTOPHER SMITH LEONARD Et Al 101 E Kennedy Blvd Suite 1460 Tampa FL 33602 990PF 2022-12-01 592474711 The Colen Foundation Inc COLE 3528730848 8435 SW 80th Street 2 Ocala FL 34481 KENNETH D COLEN President 2024-12-18 true true Susan O Thompson P00276728 8134904490 2022 2025-03-06 01:10:19Z X 17958908 X X 166865 166865 207638 207638 233937 3502516 233937 608440 608440 5333 533 4800 8150 815 7335 9193 1351 43191 41583 1608 65867 44282 13743 503538 503538 569405 44282 517281 39035 564158 99870 44186 44186 15115 7273 7273 765329 962400 897438 7606439 7287986 10758901 3954931 3151795 2870133 385977 385977 385977 385977 2303205 2939798 2995000 15130866 14779415 17958908 76897 30804 76897 30804 X 15053969 14748611 15053969 14748611 15130866 14779415 15053969 39035 15093004 344393 14748611 Raymond James - Short Term P 2023-11-01 2023-11-30 1174418 1170452 3966 3966 Raymond James - Long Term P 2022-11-01 2023-11-30 2328098 2098127 229971 229971 233937 3966 7842 7842 7842 15115 15115 X 7273 7273 false false false false false false false true true FL true false false false false true N/A Krystel Torres 3528730848 8435 SW 80th Street 2 Ocala FL 34481 false false false false false false false false false false false false false false false false false false false false false false STEPHANIE BERGEN 8435 SW 80TH STREET STE 2 OCALA FL 34481 ASST SEC 1.00 0 KENNETH D COLEN 8435 SW 80TH STREET STE 2 OCALA FL 34481 President 4.00 0 ROBERT COLEN 8435 SW 80TH STREET STE 2 OCALA FL 34481 ASST SEC/DIR 2.00 0 GERALD R COLEN 8435 SW 80TH STREET STE 2 OCALA FL 34481 TREAS/SEC/DIR 1.00 0 LESLEE R COLEN 8435 SW 80TH STREET STE 2 OCALA FL 34481 Vice President 1.00 0 NONE NONE Payments to support and assist aged individuals in maintaining their home environment. Three beneficiaries assisted during the current year. 46363 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, 2023, $69,089 of direct aid has been paid to, or on behalf of, the seller of the remainder interest. Of this amount, $44,353 represents amounts paid directly for the conduct of activities constituting the charitable exempt purpose. 24736 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 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, 2023, $17,378 of direct aid has been paid to, or on behalf of, the seller of the remainder interest. Of this amount, $1,915 represents amounts paid directly for the conduct of activities constituting the charitable exempt purpose. 15463 5893 46092 16836377 48461 0 16884838 0 16884838 350000 16534838 826742 826742 7842 7842 818900 818900 818900 517281 46092 563373 818900 115560 563373 115560 0 447813 371087 Krystel Torres 8435 SW 80TH STREET SUITE 2 OCALA FL 34481 3528730848 COLENFOUNDATION@GMAIL.COM 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 NONE 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. Public Education Foundation of Mari 1236 NW 4th Street Ocala FL 34475 NONE PC Charitable Contribution 3000 American Society for Yad Vashem 500 Fifth Avenue 42nd Floor New York NY 10110 NONE PC Charitable Contribution 1000 Canine Companions for Independence 8150 Clarcone Ocoee Road Orlando FL 32868 NONE PC Charitable Contribution 3000 Canine Assisted Therapy Inc 1040 NE 45th Street Oakland Park FL 33334 NONE PC Charitable Contribution 2000 Catholic Charities Bureau Inc for C 40 E Adams St Suite 320 Jacksonville FL 32202 NONE PC Charitable Contribution 10000 Florida Institute for Human and Mac 15 SE Osceola Avenue Ocala FL 34471 NONE PC Charitable Contribution 2500 Forward Association Inc 125 Maiden Lane 8th Floor New York NY 10038 NONE PC Charitable Contribution 10000 Israel Guide Dog Center for the Bli 968 Easton Road Suite H Warrington PA 18976 NONE PC Charitable Contribution 2000 Jewish Theological Seminary 3080 Broadway New York NY 10027 NONE PC Charitable Contribution 5000 Moment Magazine Center for Creative 4115 Wisconsin Ave NW Suite LL10 Washington DC 20016 NONE PC Charitable Contribution 10000 National Disaster Search Dog 6800 Wheeler Canyon Road Santa Paula CA 93060 NONE PC Charitable Contribution 3000 Ocala Symphony Orchestra Inc 500 NE 9th Street Ocala FL 34470 NONE PC Charitable Contribution 15000 Temple Beth Shalom 6140 SW 78th Ave Road Ocala FL 34476 NONE PC Charitable Contribution 75000 United States Holocaust Memorial Mu 100 Raoul Wallenberg Place SW Washington DC 20024 NONE PC Charitable Contribution 1000 The VOIC Experience Foundation PO Box 1576 Palm Harbor FL 34682 NONE PC Charitable Contribution 9000 WEDU 1300 North Boulevard Tampa FL 33607 NONE PC Charitable Contribution 1000 WUSF Public Media fbo 897 4202 East Fowler Avenue TVB100 Tampa FL 33620 NONE PC Charitable Contribution 2500 Gulf Coast Jewish Family Community 14041 Icot Boulevard Clearwater FL 33760 NONE PC Charitable Contribution 25000 Arnette House Inc 2310 NE28th Street Ocala FL 34470 NONE PC Charitable Contribution 5000 Horticultural Arts Park Institute I 8435 SW 80th Street Suite 2 Ocala FL 34481 NONE PC Charitable Contribution 100000 The Perlman Music Program Suncoast PO Box 3407 Sarasota FL 34230 NONE PC Charitable Contribution 1000 Congregation B'nai Israel of St Pet 300 58th Street North St Petersburg FL 33710 NONE PC Charitable Contribution 66175 Interfaith Emergency Services Inc 435 NW 2nd Street Ocala FL 34475 NONE PC Charitable Contributions 25000 Life Estate Karel Dupree 8830 SW 82nd Court Road Ocala FL 33481 NONE I Support and Assist Aged Individuals 44353 Life Estate Marguerite Cox 8702 A SW 93rd Lane Ocala FL 34481 NONE I Support and Assist Aged Individuals 95 Life Estate Judith Packard 8702 A SW 93rd Lane Ocala FL 34481 NONE I Support and Assist Aged Individuals 1915 American Friends of Beit Ruth 2 Jerico Plaza Suite 111-Wing A Jericho NY 11753 NONE PC Charitable Contribution 5000 Florida Orchestra 244 2nd Avenue North Suite 420 St Petersburg FL 33701 NONE PC Charitable Contribution 30000 New Israel Fund 6 East 39th St Suite 301 New York NY 10016 NONE PC Charitable Contribution 20000 Lighthouse of Pinellas Inc 6925 112th Circle N Suite 103 Largo FL 33773 NONE PC Charitable Contribution 2500 Marion Cultural Alliance Inc 23 SW Broadway Street Ocala FL 34471 NONE PC Charitable Contribution 2500 Union for Reform Judiasm-Camp Colem 1580 Spalding Dr Atlanta GA 30350 NONE PC Charitable Contribution 10000 Hillels of the Florida Suncoast 13101 USF Sycamore Drive Tampa FL 33620 NONE PC Charitable Contribution 10000 503538 14 166865 14 207638 18 233937 608440 608440 false false false false false false false false false false Accounting Fees 8150 815 0 7335 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, 2023, $5,989 of direct aid has been paid to, or on behalf of, the seller of the remainder interest. Of this amount, $95 represents amounts paid directly for the conduct of activities constituting the charitable exempt purpose. 5893 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 $3,164,840 for an average of in excess of approximately $632,968 per year in qualifying charitable distributions, as follows:Tax Year Ended Distributions:11/30/22 $656,73511/30/21 $595,14511/30/20 $720,90011/30/19 $595,38711/30/18 $596,673The Foundation anticipates making qualifying distributions of at least $350,000 during the fiscal year ending November 30, 2024, and requires the cash deemed held for charitable purposes at its November 30, 2023 year end to accomplish this purpose.The officers and directors of the Foundation are not compe Actavis Funding SCS DTD 3.85% 6/15/24 31011 29516 Bank of America Corp 4.45% 3/3/2026 40321 39056 BP Capital Markets PLC 53721 47876 Brandywine Oper Partners 3.95% 11/15/27 24813 21647 Cigna Corporation NTS 3.25%4/15/2025 25997 24140 CVS Health Corp Special 4.1% 3/25/2025 34712 34442 Ebay Inc 3.45% 81/1/2024 35671 34500 Essex Portfolio 36344 34649 Goldman Sachs Group Inc 4.25% 10/21/2025 39874 38959 JP Morgan Chase & Co 3.875% 9/10/2024 41548 39423 JP Morgan Chase & Co 3.900% 07/15/2025 26980 24460 Lehman Brothers Holdings 12/28/37 16477 150 Lehman Brothers Holdings 2/13/37 16913 50 Lehman Brothers Holdings 3/27/37 8215 78 Lloyds Banking Group PLC 35733 33762 McCormick & Co DTD 3.15% 8/15/2024 34660 34394 Morgan Stanley MTN ISIN 4.000% 07/23/25 27087 24424 Rabobank Nederland 4.625% 121/2023 43226 40000 Royal Bank of Canada 40477 39323 Shire Acq Inv Ireland Da 29539 28514 Telefonica Emisiones SAU 4.103% 3/8/21 39830 38477 Verizon Communications 2.625% 8/15/2026 39921 42257 Celgene Corporation 3.45% 11/15/27 53859 47584 National Rural Utilities 3.5% 3/15/27 11013 9252 National Rural Utiltiies 3.0% 5/15/27 18215 15368 Simon Property Group 3.375% 12/1/27 53807 46501 V.F. Corporation 2.8% 4/23/27 26621 22418 Federal Farm Credit 2.92% due 4/29/2026 46189 43044 Federal Farm Credit 2.6% due 7/12/2029 54017 44652 Federal Agricultural Mortgage 1.08% 99875 84317 Tennessee Valley Authority 89770 78466 United States Dept of Housing 5.77% 8199 8001 Federal Farm Credit 3.67% due 5/16/2028 263423 238268 Federal Farm Credit 2.96% due 4/17/2029 106150 91295 Apple Inc. NTS ISIN 1.20% 97460 87164 Bank of Nova Scotia 1.125% 94849 81603 Canadian Imperial Bank 1.10% 49625 44677 Wells Fargo & Company 2.25% 10154 8106 Union Pacific Corporation 3.75% 16295 14913 One Gas, Inc NTS 3.610% 42776 39850 Oracle Corporation NTS 1.65% 76052 69110 Oracle Corporation NTS 2.3% 76529 66689 The Coca-Cola Company 1.00% 96101 86376 Goldman Sachs Group 3.6250% 53867 49751 JP Morgan Chase & Co. 3.6250% 82305 70833 Federal Home Loan 4.00% Due 5/23/25 101475 98425 Federal Home Loan 5.00% Due 10/27/25 149910 148839 Federal Home Loan 5.00% Due 4/17/25 100000 99318 Federal Home Loan 3.5% Due 5/23/25 100116 97691 Federal Home Loan 3.25% Due 11/27/24 100000 98009 Wells Fargo & Company 3% Due 10/23/26 103323 93662 The Toronto-Dominion Bank 1.1% 9/20/26 97000 86573 Federal Farm Credit 6.1% Due 5/10/2038 49875 49964 Federal Home Loan 5.00% Due 12/16/24 99875 99317 Adobe Systems Inc (ADBE) 138485 244404 Alphabet Inc (GOOGL) 220182 450602 Amazon.com Inc (AMZN) 258260 423661 Cisco Systems Incorporated (CSCO) 165201 193520 Intercontinental Exchange Inc (ICE) 111010 136608 Merck & Company Inc (MRK) 172106 235704 Microsoft Corporation (MSFT) 205764 568365 Nvidia Corp (NVDA) 37564 420930 Raymond James Bank Deposit Program 197717 197717 Texas Instrs Incorporated (TXN) 163479 198523 Unitedhealth Group Inc (UNH) 207335 442376 Visa Inc - Class A SHRS (V) 155618 256680 Apple Incorporated (AAPL) 231140 664825 Automatic Data Processing Inc (ADP) 182373 252912 CVS Health Corp (CVS) 268197 271800 Disney Walt Company (DIS) 223689 185380 Expeditors International Wash Inc (EXPD) 118191 168476 Flutter Entertainment PLC (PDYPY) 84943 117225 Intel Corporation (INTC) 363352 339720 Intuit (INTU) 144037 285730 JPMorgan Chase & Co (JPM) 211205 265336 Johnson & Johnson (JNJ) 120123 123728 Marsh & McLennan Companies (MMC) 155438 279188 Mariott International Inc (MAR) 169378 304050 Procter and Gamble Co (PG) 89146 107464 RPM International Inc (RPM) 200388 308790 Raytheon Technologies Corp (RTX) 196086 236292 Rio Tinto PLC Sponsored (RIO) 306517 310905 Taiwan Semiconductor Mfg (TSM) 184764 311392 Truist Finl Corp (TFC) 434562 353540 United Parcel Service Inc (UPS) 156721 227415 Waste Mgmt Inc Del (WM) 159850 256485 Accenture Plc Ireland (ACN) 203324 349797 Marvell Technology Group Limited (MRVL) 79856 167190 FIMM Government Portfolio MM (FRGXX) 438925 438925 Oracle Corporation (ORCL) 209133 348630 Chevron Corporation New (CVX) 100676 100520 Target Corporation 223251 214096 962400 897438 Buildings 385977 385977 385977 GOLDMAN SACHS BANK USA 3.500% 01/02/2024 AT COST 50000 49900 ISHARES INCORPORATED CORE MSCI AT COST 221622 210268 ISHARES TR RUS 1000 VAL ETF (IWD) AT COST 268666 330257 ISHARES TR CORE MSCI EAFE AT COST 451340 451437 ISHARES TR CORE S&P MCP ETF AT COST 121370 154404 ISHARES TR CORE S&P SCP ETF AT COST 96761 114044 Celtic Bank Corp FCIC AT COST 50025 41474 HSBC Bank USA 3.3000% AT COST 223938 196661 HSBC Bank USA 3.2500% AT COST 31050 28040 JP Morgan Chase Bank 1.7% AT COST 225331 171279 Sallie Mae BK FDIC 1.9% AT COST 25773 25124 Texas Exch Bank AT COST 150000 129045 ISHARES TR RUS 1000 GRW ETF (IWF) AT COST 319060 388298 Goldman Sachs Bank #33124 3.25% AT COST 23548 21923 Goldman Sachs Bank #33124 3.00% AT COST 38367 35764 ISHARES TR MSCI VALUE (VLUE) AT COST 101170 102790 Capital One Bank 2.65% Due 5/22/24 AT COST 171012 172705 Goldman Sachs Bank 5.00% Due 5/2/24 AT COST 99764 99771 Morgan Stanley 4.90% Due 6/21/23 AT COST 104812 104825 Synchrony Bank 3.30% Due 6/6/24 AT COST 166189 166991 Legal Fees 5333 533 0 4800 Book-Tax Difference on Contributed Stock 344393 D&O Liability Insurance 1435 1435 Express Mail 19 19 Licenses 154 154 Raymond James Portfolio Fees 41583 41583 REMAINDER INTEREST 76897 30804 Excise Taxes 7842 Foreign Taxes 1193 1193 Real Estate Taxes 158 158