Mcnicholas Family Foundation

PALM BEACH GARDENS, FL EIN: 93-2567652

Mcnicholas Family Foundation is a private foundation focused on Recreation & Sports, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $176K in total assets. In 2024, it awarded 1 grants totaling $53K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$176K

+815.1% YoY

Annual Giving

$53K

-35.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$53K

-35.4% YoY

Under IRS private-foundation payout rules, Mcnicholas Family Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

About Mcnicholas Family Foundation

Based on IRS filings

Focus Areas

Recreation & Sports

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $135K (100%)

States

Florida

Cities

Stuart

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$175,886	$19,220
Revenue	$423,601	$194,021
Expenses	$266,935	$174,801
Qualifying Distributions	$256,399	$171,802
Net Investment Income	—	—
Distributable Amount	$1,367	$207

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

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Florida Baseball Club ($53,017).

Recipient	Purpose	Amount
FLORIDA BASEBALL CLUB STUART, FL	TO PROVIDE ASSISTANCE TO PRIVATE AND PUBLIC ORGANIZATIONS THAT SUPPORT ATHLETIC EDUCATIONAL AND HEALTH DEVELOPMENT TO CHILDREN INTRESTED IN DEVELOPING THEIR BASEBALL SKILLS AND ALL OTHER USES RELATED THERETO.	$53,017

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
THOMAS MCNICHOLAS	PRESIDENT	10	—
KRISTINA MCNICHOLAS	SECRETARY	10	—

Subject Areas

Focus areas based on grantmaking activity

Recreation & Sports

Frequently Asked Questions

What is Mcnicholas Family Foundation?

Mcnicholas Family Foundation is a private foundation focused on Recreation & Sports, based in PALM BEACH GARDENS, FL. It holds $176K in total assets as of 2024.

How large is Mcnicholas Family Foundation?

As of 2024, Mcnicholas Family Foundation holds $176K in total assets with $424K in annual revenue. It awarded 1 grants totaling $53K in 2024.

Where does Mcnicholas Family Foundation operate?

Mcnicholas Family Foundation has awarded grants in Florida.

What size grants does Mcnicholas Family Foundation award?

In 2024, Mcnicholas Family Foundation awarded 1 grants totaling $53K — an average of about $53K per grant, based on its IRS Form 990 filings.

How much is Mcnicholas Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcnicholas Family Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.