Don and Millie Nelms Foundation

FAYETTEVILLE, AR EIN: 92-2516020

Don and Millie Nelms Foundation is a private foundation focused on Medical Research, based in FAYETTEVILLE, AR. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 2 grants totaling $748K. Net investment income was $53K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.1M

-45.6% YoY

Annual Giving

$748K

+24816.7% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$374K

+37275.0% YoY

Under IRS private-foundation payout rules, Don and Millie Nelms Foundation reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.

About Don and Millie Nelms Foundation

Based on IRS filings

Focus Areas

Medical Research

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Arkansas $750K (100%)

Kansas $1K (0%)

States

Arkansas Kansas

Cities

FayettevilleFort SmithPittsburgPonca

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$1,130,610	$2,078,809
Revenue	$67,963	$2,101,686
Expenses	$1,028,337	$24,412
Qualifying Distributions	$1,030,746	$23,826
Net Investment Income	$52,946	$1,506
Distributable Amount	$75,604	$6,831

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Nelms Dyslexia Foundation ($735,500), Nwa Audubon Society ($12,000).

Recipient	Purpose	Amount
NELMS DYSLEXIA FOUNDATION FAYETTEVILLE, AR	Dyslexia Center programs:teacher training, student therapy, student assessments, research	$735,500
NWA AUDUBON SOCIETY FORT SMITH, AR	MISSION TO REBUILD THE MUHOLLAN BLIND / CONSERVATION	$12,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROBERT NELMS	DIRECTOR/PRESIDENT	5	—
MILLIE NELMS	DIRECTOR	1	—
SCOTT SIMON	DIRECTOR/SECRETARY/TREASURER	40	$203,612
SCOTT PRICE	VICE PRESIDENT	10	—

Subject Areas

Focus areas based on grantmaking activity

Medical Research

Frequently Asked Questions

What is Don and Millie Nelms Foundation?

Don and Millie Nelms Foundation is a private foundation focused on Medical Research, based in FAYETTEVILLE, AR. It holds $1.1M in total assets as of 2024.

How large is Don and Millie Nelms Foundation?

As of 2024, Don and Millie Nelms Foundation holds $1.1M in total assets with $68K in annual revenue. It awarded 2 grants totaling $748K in 2024.

Where does Don and Millie Nelms Foundation operate?

Don and Millie Nelms Foundation has awarded grants in Arkansas, Kansas.

What size grants does Don and Millie Nelms Foundation award?

In 2024, Don and Millie Nelms Foundation awarded 2 grants totaling $748K — an average of about $374K per grant, based on its IRS Form 990 filings.

How much is Don and Millie Nelms Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Don and Millie Nelms Foundation reported a distributable amount of $76K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Don and Millie Nelms Foundation's EIN?

Don and Millie Nelms Foundation's EIN (Employer Identification Number) is 92-2516020. IRS Form 990 filing data is available on this page for 2023–2024.