Leonard and Mary Nichols Memorial Tr
Leonard and Mary Nichols Memorial Tr is a private foundation, based in Evansville, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $900K in total assets. In 2025, it awarded 2 grants totaling $58K. Net investment income was $76K.
Leonard and Mary Nichols Memorial Tr at a glance
In short: Leonard and Mary Nichols Memorial Tr gave $58K across 2 grants in 2025 (avg $29K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $58,104
- Grants made (2025)
- 2
- Average grant
- $29,052
- Median grant
- $29,052
- Total assets
- $899,626
- +0.2% vs 2024
- Primary geography
- Pennsylvania (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Leonard and Mary Nichols Memorial Tr funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Bucknell University ($29K). Together the top 2 received $58K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Leonard and Mary Nichols Memorial Tr gives
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 117% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $28K (2020) to $58K (2025). In 2025 it made 2 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bucknell University Lewisburg, PA | Program Support | $29,052 |
| Indiana University Foundation Bloomington, IN | Program Support | $29,052 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $899,626 | $80,241 | $78,043 | $58,104 | 2 | $72,536 | $75,845 | $62,231 |
| 2024 | $897,425 | $54,203 | $17,419 | — | — | $13,367 | $49,450 | $58,283 |
| 2023 | $860,644 | $22,183 | $72,747 | $57,252 | 2 | $69,066 | $19,813 | $51,773 |
| 2022 | $911,239 | $46,859 | $73,222 | $57,252 | 2 | $69,448 | $44,077 | $52,771 |
| 2021 | $937,675 | $74,670 | $65,432 | $47,990 | 2 | $61,083 | $71,712 | $59,681 |
| 2020 | $928,462 | $73,011 | $42,988 | $28,176 | 2 | — | $70,289 | $51,121 |
Under IRS private-foundation payout rules, Leonard and Mary Nichols Memorial Tr reported a distributable amount of $62K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Leonard and Mary Nichols Memorial Tr's only listed officer is OLD National Wealth Management, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
OLD National Wealth Management
Trustee
On filings since 2020
1 hr/week
$13K (2020) → $17K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $17K, to Old National Wealth Management (Trustee).
Frequently asked questions about Leonard and Mary Nichols Memorial Tr
How much does Leonard and Mary Nichols Memorial Tr give each year?
Leonard and Mary Nichols Memorial Tr gave $58K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is Leonard and Mary Nichols Memorial Tr?
Leonard and Mary Nichols Memorial Tr reported $900K in total assets on its 2025 IRS Form 990-PF. It paid out $73K in qualifying distributions that year, against a required minimum of $62K (roughly 5% of its investment assets).
Where does Leonard and Mary Nichols Memorial Tr operate?
Leonard and Mary Nichols Memorial Tr has awarded grants in Indiana, Pennsylvania.
What is Leonard and Mary Nichols Memorial Tr's EIN?
Leonard and Mary Nichols Memorial Tr's EIN (Employer Identification Number) is 46-6944358. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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