Helen G Nassif Foundation Inc

CHARLESTOWN, WV EIN: 52-2031005

Helen G Nassif Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTOWN, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.3M in total assets. In 2024, it awarded 1 grants totaling $425K. Net investment income was $372K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$10.3M

+1.3% YoY

Annual Giving

$425K

-29.2% YoY

Grant Count

-80.0% YoY

Avg Grant Size

$425K

+253.9% YoY

Under IRS private-foundation payout rules, Helen G Nassif Foundation Inc reported a distributable amount of $718K for 2024 — the minimum it must pay out in qualifying distributions.

About Helen G Nassif Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Iowa $1.3M (62%)

Indiana $400K (19%)

West Virginia $400K (19%)

States

Iowa Indiana West Virginia

Cities

Cedar RapidsCharlestonFort Wayne

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$10,323,127	$10,191,878	$10,408,469
Revenue	$668,087	$392,898	$261,898
Expenses	$536,838	$609,489	$435,116
Qualifying Distributions	$523,172	$604,650	$426,938
Net Investment Income	$372,436	$388,248	$230,726
Distributable Amount	$717,968	$692,197	$640,802

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Greater Cedar Rapids Community Foundation ($424,667).

Recipient	Purpose	Amount
GREATER CEDAR RAPIDS COMMUNITY FOUNDATION CEDAR RAPIDS, IA	RESTRICTED CONTRIBUTION TO SUPPORT CHARITABLE PROJECTS DESIGNATED BY THE HELEN G NASSIF FUND (DONOR-ADVISED FUND).	$424,667

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DR ALEX SKAFF	PRESIDENT/DIRECTOR	1	—
DR JOHN M NASSIF	DIRECTOR	1	—
MARINA A NASSIF	DIRECTOR	1	—
JEANNE AMOSSON	DIRECTOR	1	—
TOM AMOSSON	DIRECTOR	1	—
BRIAN S CHAPMAN	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Helen G Nassif Foundation Inc?

Helen G Nassif Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTOWN, WV. It holds $10.3M in total assets as of 2024.

How large is Helen G Nassif Foundation Inc?

As of 2024, Helen G Nassif Foundation Inc holds $10.3M in total assets with $668K in annual revenue. It awarded 1 grants totaling $425K in 2024.

Where does Helen G Nassif Foundation Inc operate?

Helen G Nassif Foundation Inc has awarded grants in Iowa, Indiana, West Virginia.

What size grants does Helen G Nassif Foundation Inc award?

In 2024, Helen G Nassif Foundation Inc awarded 1 grants totaling $425K — an average of about $425K per grant, based on its IRS Form 990 filings.

How much is Helen G Nassif Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Helen G Nassif Foundation Inc reported a distributable amount of $718K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.