Elizabeth Ruddick Nugent Foundation

COLUMBUS, IN EIN: 35-6049600

The Elizabeth Ruddick Nugent Foundation is a private foundation based in Columbus, Indiana, established in 1965. It operates as a 501(c)(3) charitable organization with no employees and functions as a non-operating private foundation. The foundation was created by Walter Nugent, a successful businessman who owned real estate in Columbus and operated a brass stamping business, and Elizabeth Ruddick Nugent, who studied voice at conservatories of music in Boston, Cincinnati, and Indianapolis and was skilled in painting and other art forms.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.5M

+1.7% YoY

Annual Giving

$388K

-25.1% YoY

Grant Count

32

-20.0% YoY

Avg Grant Size

$12K

-6.4% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports a diverse range of charitable causes, including:

  • Arts & Culture
  • Health and end-of-life/hospice care
  • Historical Preservation
  • Social & Human Services
  • Animal Welfare
  • Community and Economic Development
  • Religion (particularly Christianity and Protestantism)
  • Education
  • Family Services
  • Philanthropy and Voluntarism

Grantmaking

The foundation made 42 grants in 2024, with total giving of $388,000. Grant amounts typically range from $500 to $76,000.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Indiana, with particular emphasis on Columbus and Bartholomew County.

Grant Distribution by State

2states

Cities

BloomingtonColumbusColumubsHopeIndianapolisNoblesvilleSymourTorrance

Financial History

Multi-year comparison from IRS filings

As of December 2024:

  • Total Assets: $8,498,461
  • Total Revenues: $606,470
  • Total Expenses: $463,010
  • Investment Income and Dividends: $279,080
  • Net Gain from Sale of Non-Inventory Assets: $327,390

As of December 2023:

  • Total Assets: $8,360,000
  • Total Revenues: $397,021
  • Total Expenses: $587,539

The foundation's revenue is primarily derived from investment income and capital gains rather than contributions.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$347K$693K$1M$1M20202021202220232024
Metric202420232022
Total Assets$8,498,461$8,356,588$8,546,784
Revenue$606,470$397,021$-112,793
Expenses$463,010$587,539$561,697
Qualifying Distributions$390,274$522,779$489,684
Net Investment Income$537,048$332,261$166,603
Distributable Amount$474,154$451,640$481,571

Giving Over Time

Total grant dollars and number of grants per year

$0$130K$259K$389K$518K42 grants202038 grants202145 grants202240 grants202332 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

IU FOUNDATION$60KCOLUMBUS PARK FOUNDATION$30KHOSPICE OF SOUTH CENTRAL…$25KFAMILY SERVICES$25KIVY TECH FOUNDATION$23KCASA$20KLINCOLN CENTRAL NEIGHBOR…$20KLOVE CHAPEL$18KFOUNDATION FOR YOUTH$17KJUST FRIENDS INC$15K

Grant Size Distribution

197 grants across all recorded years

190<$50K7$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

Board trustees include:

  • William A Helmbrecht
  • Richard H Weaver
  • A Samuel Pentzer

The foundation's registered agent is Sharpnack Bigley Stroh & Washburn LLP.

Compensation Overview

From 2024 IRS filing

RICHARD H WEAVERDIRECTOR$550A SAMUEL PENTZERVICE PRESIDENT$550DIANE BRADLEYDIRECTOR$550STEVE CAROTHERSDIRECTOR$550JAMES W HOLLANDSECRETARY$550SETH KEELEDIRECTOR$550

From 2024 filing

NameTitleHoursCompensation
RICHARD H WEAVERDIRECTOR2$550
A SAMUEL PENTZERVICE PRESIDENT2$550
DIANE BRADLEYDIRECTOR2$550
STEVE CAROTHERSDIRECTOR2$550
JAMES W HOLLANDSECRETARY2$550
SETH KEELEDIRECTOR2$550

Contact Information

Address: 125 3rd Street, Columbus, IN 47202 (also listed as 321 Washington Street, Columbus, IN 47201)

Phone: (812) 376-1981

EIN: 35-6049600

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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