The Francis T & Louise T Nichols Foundation is a private foundation based in Bangor, Maine. Established in 1994, it operates as a non-operating foundation focused on philanthropic grantmaking to nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.8M
-6.6% YoY
Annual Giving
$2.6M
+86566.7% YoY
Grant Count
88
+8700.0% YoY
Avg Grant Size
$30K
+884.8% YoY
Mission & Focus Areas
The foundation gives primarily to:
- Education
- Health care
- Human services
- Community development
- Children and youth
- Arts and culture, including museums
Grantmaking
Grant Range
$500–$491,000
Average Grant
amount: Not specified in available data
Review Cycle
December 1st
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation prioritizes funding in:
- Maine
- Vermont
- Massachusetts
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $20,840,760
- Total Annual Giving: $2,600,000
- Annual Income: $5.2 million
- Asset Growth: Assets have grown from $16 million in 2011 to $22.3 million in 2023
Tax Status:
- EIN: 01-0493311
- IRS Ruling Year: 1995
- Tax Classification: 501(c)(3)
- Contributions are tax-deductible
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,840,760 | $22,320,466 | $18,739,273 |
| Revenue | $1,349,971 | $6,073,846 | $3,034,173 |
| Expenses | $2,914,315 | $2,437,831 | $2,444,580 |
| Qualifying Distributions | $2,914,315 | $2,437,831 | $2,514,958 |
| Net Investment Income | $991,551 | $5,786,015 | $2,789,593 |
| Distributable Amount | $2,572,144 | $2,045,614 | $2,036,639 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Principal Officer: Calvin E True
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN THIBAULT | TRUSTEE | — | — |
| WILLIAM NICHOLS | TRUSTEE | — | — |
| NATHANIEL S PUTNAM | TRUSTEE | — | — |
Contact Information
- Address: PO Box 1210, Bangor, ME 04402-1210
- Telephone: 207-947-0111 or 207-992-4814
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Total Given
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Total Given
—
United Way of Tri Vally Area
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Elmina B Sewall Foundation
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Assets
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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