Calvin Coolidge Presidential Foundation

The Calvin Coolidge Presidential Foundation is a nonprofit that seeks to honor the memory of Calvin Coolidge, who served as President of the United States from 1923-29. The foundation funds programs which include full-ride college scholarships, hosts an annual debate series, and preserves, collects, and promotes President Coolidge’s writings.

At-A-Glance

Formation:

1960

CEO:

Amity Shlaes

Location: Plymoth, VA View on map
Tax ID: 03-6009701
Most Recent Filing: 2024
Budget (2024): Assets: $28,799,582 Revenue: $5,083,397 Expenses: $3,288,529

Contents

    Background

    The Calvin Coolidge Presidential Foundation was founded in 1960 by President Calvin Coolidge’s son, John Coolidge, as the Calvin Coolidge Memorial Foundation. In 2015, the weekly Seven Days interviewed former board member John Donald, who said for decades the foundation was “a backroom operation with a limited budget” dedicated to preserving Coolidge’s boyhood home in Plymouth Notch, Vermont. 1

    Seven Days charged that “conservative donors” had “taken over” the foundation and turned it into an organization that “has deeper pockets and greater ambitions to become a national institution befitting a former president and to spread his gospel of fiscal discipline.” 2

    The newspaper said that the transformation of the foundation was led by Amity Shlaes, a former editorial writer for the Wall Street Journal and author of a biography of Coolidge published in 2013. Shlaes became a board member of the foundation in 2011 and its CEO in 2014 after the foundation received a four-year, $1 million grant from the Thomas W. Smith Foundation to pay her salary. 2

    Activities

    Coolidge Prize for Journalism

    In 2013 the foundation said it would give a prize of $20,000 to a journalist for three columns, in honor of the 1930-1931 period in which former President Coolidge wrote a newspaper column.  “Coolidge’s principles are the ones that warrant more attention today,” Shlaes told Newsmax, “discipline, brevity, civility, and focus on debt and the economy.” 3

    The foundation awarded three Coolidge Prizes for Journalism, to Wall Street Journal columnist Holman Jenkins, George Mason University economist and writer Donald Boudreaux, and lawyer Steven Frias. The foundation website does not list any winners after 2015. 4

    College Scholarships

    In 2016 the Coolidge Foundation announced it would fund college scholarships, called “The Coolidge,” that would pay in full a student’s tuition, fees, room, and board.  Shlaes, writing in Forbes, said the foundation’s purpose in supporting the scholarship “because we believe it will help elevate a President whose values can inspire the country today” and that “small competitions inspire even those hundreds or thousands of applicants who don’t win.” 5

    The Coolidge Foundation awarded five Coolidge Scholarships in 2021. 6 In addition, 100 students were named “Coolidge Senators” and given a small scholarship and a trip to Washington to meet with policy makers, “with a special emphasis on entrepreneurship and the private sector.” 7

    High School Debate Programs

    The foundation sponsors a national program for high school debaters with finals Held in Plymouth on the fourth of July. Debaters compete for $15,000 in scholarship grants, and exceptional competitors are invited to membership in “The 1890 Society,” named for the year President Coolidge first gave a public speech. The 2022 topic focuses on reducing the national debt. 8

    Preservation of Coolidge’s Writings

    The foundation hosts extensive writings by President Coolidge on its website, including speeches, proclamations, newspaper columns Coolidge wrote in 1930-31 and photos of campaign buttons. 9

    In 2021 the Intercollegiate Studies Institute published a new edition of The Autobiography of Calvin Coolidge, annotated by Coolidge Foundation CEO Amity Shlaes and including several of Coolidge’s speeches. Barton Swaim, reviewing the book in the Wall Street Journal, called the book “a minor masterpiece of political memoir:  incisive, efficient, bereft of vanity and score-settling.” 10

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $28,799,582 $5,083,397 $3,288,529 View
    2023 $32,672,174 $8,135,781 $4,259,508 View
    2022 $28,685,698 $3,037,230 $3,989,913 View
    2021 $33,582,389 $4,835,507 $3,763,641 View
    2020 $28,347,314 $3,767,193 $2,217,455 View

    Prior year filings: 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 15

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Amity ShlaesTRUST/CHAIR&CEO$350,000
    Matthew DenhartPresident$200,000
    Gov James H DouglasTrustee$25,000

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $20,002,023
    • Number of Grants: 222
    • Number of Funders: 73

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $1,242,7502021 Donor Advised Charitable Giving, Inc.RELIGION RELATED
    $1,201,7002024 Donor Advised Charitable Giving, Inc.RELIGION RELATED
    $1,004,0002020 Donor Advised Charitable Giving, Inc.Religion related
    $996,0002023 Donor Advised Charitable Giving, Inc.RELIGION RELATED
    $561,7502022 Donor Advised Charitable Giving, Inc.RELIGION RELATED
    $352,7002020 Donors Trust Incfor general operations
    $351,2002021 Donors Trust Inc$350,200 for general operations/ $1,000 for an event sponsorship
    $350,0002024 The Lynde and Harry Bradley Foundation IncTo support a publication and a conference
    $350,0002023 The Lynde and Harry Bradley Foundation IncTo support an economics history program
    $350,0002022 Donors Trust Incfor general operations
    $300,0002021 The Chicago Community TrustGENERAL OPERATING SUPPORT
    $250,0002023 The Chicago Community Trustsupport for Coolidge Centennial (no tickets or tangible benefits)
    $210,0002020 The Chicago Community TrustGENERAL OPERATING SUPPORT
    $205,0002020 Diana Davis Spencer Foundation IncIN HONOR OF C. BOYDEN GRAY AND TOWARDS GENERAL SUPPORT
    $200,0002020 Beth and Ravenel Curry FoundationUnrestricted
    $170,0002024 National Christian Charitable Foundation, Inc.HISTORY
    $155,0002021 National Christian Charitable Foundation, Inc.GROWTH
    $135,0002022 National Christian Charitable Foundation, Inc.GROWTH
    $125,0002024 Beth and Ravenel Curry FoundationUNRESTRICTED
    $125,0002022 Beth and Ravenel Curry FoundationUNRESTRICTED
    $121,5002021 Vanguard CharitableFOR RECIPIENT'S EXEM
    $100,0002022 Diana Davis Spencer Foundation IncSCHOLARSHIPS PROGRAM
    $100,0002021 Diana Davis Spencer Foundation IncTOWARDS THE CALVIN COOLIDGE SCHOLARSHIP PROGRAM
    $100,0002021 The Searle Freedom TrustFILM AND NEW MEDIA
    $77,5002020 Jewish Communal FundGeneral support

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $88,283
    • Number of Grants: 8
    • Number of Recipients: 3

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $10,0002024 National Speech & Debate AssociationDEBATE OUTREACH
    $10,0002020 National Speech & Debate AssociationSPONSOR DEBATE TOURNAMENTS

    Mentioned in this Article

    References

    1. Paul Heintz, “Inside The Conservative Takeover Of Vermont’s Coolidge Foundation,” Seven Days, April 19, 2017, https://www.sevendaysvt.com/vermont/coolidge-runnings-the-conservative-takeover-of-a-vermont-presidential-foundation/Content?oid=5173370 (accessed February 21, 2022)
    2. Paul Heintz, “Inside The Conservative Takeover of Vermont’s Coolidge Foundation,” Seven Days, April 19, 2017,, https://www.sevendaysvt.com/vermont/coolidge-runnings-the-conservative-takeover-of-a-vermont-presidential-foundation/Content?oid=5173370 (accessed February 21, 2022)
    3. John Gizzi, “President Calvin Coolidge Honored with Journalism Prize,” Newsmax, October 7, 2013, https://www.newsmax.com/us/calvin-coolidge-journalism-prize/2013/10/07/id/529630/  (accessed February 21, 2022).
    4. “The Coolidge Prize for Journalism.” https://coolidgefoundation.org/resources/the-coolidge-prize-for-journalism/ (accessed February 21, 2022).
    5.  Amity Shlaes, “Coolidge Heads for College,” Forbes, January 18, 2016.
    6. “Coolidge Scholars,” https://coolidgescholars.org/about/currentscholars/ (accessed. February 21, 2022).
    7. “Coolidge Senators,” https://coolidgescholars.org/senators/ (accessed February 21, 2022).
    8. “Coolidge Speech and Debate,” https://coolidgefoundation.org/debate/ (accessed February 21, 2022)
    9. “Coolidge Virtual Library,” https://coolidgefoundation.org/coolidge-library/
    10. Barton Swaim, “Quiet, Modest, Memorable:  Coolidge’s Character Was A Contrast to Jazz Age Ebullience,” Wall Street Journal, September 24, 2011.