Overview
What is Cole Foundation Trust?
The Cole Foundation Trust is a charitable organization primarily dedicated to offering assistance to retired United Methodist ministers residing in Western North Carolina. By disbursing funds on a monthly basis, they help these individuals cover the cost of group health insurance provided by the Western North Carolina Conference of the United Methodist Church. This financial aid, paid to the conference, subsequently contributes to health benefits for the retired ministers and their widows. The Foundation's mission is to support these ministers in their later years, ensuring they have adequate health coverage.
Is Cole Foundation Trust legitimate?
Cole Foundation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cole Foundation Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cole Foundation Trust?
The Cole Foundation Trust is committed to providing assistance to retired United Methodist ministers and their widows in Western North Carolina. Specifically, it disburses funds monthly to help cover the cost of group health insurance they receive through the Western North Carolina Conference of the United Methodist Church. The aim of the trust is to support these individuals during their retirement years, ensuring they have access to necessary healthcare services. By providing this financial aid, the Cole Foundation Trust aims to alleviate some of the financial burdens that retired ministers may face.
Who is the CEO of Cole Foundation Trust?
R Anthony Orsbon is the Trustee of Cole Foundation Trust.
What is the revenue of Cole Foundation Trust?
Cole Foundation Trust's revenue in 2022 was $281,376.
Who are the executives of Cole Foundation Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cole Foundation Trust?
Cole Foundation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cole Foundation Trust
The Cole Foundation Trust is an organization dedicated to providing assistance to retired United Methodist ministers residing in Western North Carolina. The primary mission of this nonprofit entity is to disburse funds on a monthly basis, which are then utilized to help cover the expenses associated with group health insurance for these individuals. These funds are channeled through the Western North Carolina Conference of the United Methodist Church, with the intention of easing the financial burden of health benefits for these retired ministers and their widows. By providing this financial aid, the Cole Foundation Trust plays a crucial role in ensuring the well-being and financial security of these retired United Methodist ministers in Western North Carolina.
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Impact
October, 2024
The Cole Foundation Trust significantly impacts the lives of superannuated United Methodist ministers and their families in Western North Carolina by providing essential financial support for their health insurance needs. Monthly disbursements are made to assist with the costs of group health insurance, ensuring that retired ministers, as well as their widows, receive the healthcare benefits necessary for their well-being.
This support helps alleviate financial burdens that can arise in retirement, allowing these individuals to maintain a stable quality of life as they age. By focusing on the health insurance costs, the Trust underscores the importance of caring for those who have dedicated their lives to serving their communities. The consistent monthly assistance not only addresses immediate health care needs but also provides peace of mind, enabling retired ministers and their families to focus on their health and personal lives without the stress of overwhelming medical expenses.
Overall, the Cole Foundation Trust plays a crucial role in supporting the welfare of its beneficiaries, fostering a sense of community and care within the United Methodist Church in Western North Carolina.
This information is meant to be a general summary of Cole Foundation Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $281,376
- Gross Receipts: $413,389
Assets and Liabilities:
- Total Assets: $3,434,722
- Total Liabilities: $0
- Net Assets: $3,434,722
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Organization Details
Founding Year
1994
Phone
(888) 450-1956Principal Officer
R Anthony Orsbon
Main Address
13816 PROFESSIONAL CTR DR 100, HUNTERSVILLE, NC, 28078
NTEE Category
Code: X21I - Religion related
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