Nance Family Foundation Inc

Private foundation · Grantmaker Billings, MT EIN: 26-0469189

Nance Family Foundation Inc is a private foundation, based in Billings, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 2 grants totaling $95K. Net investment income was $444K.

Key facts about Nance Family Foundation Inc

In short: Nance Family Foundation Inc gave $95K across 2 grants in 2024 (avg $48K), mostly in Montana. Source: 2024 IRS Form 990-PF.

EIN
26-0469189
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$95,000
Grants made (2024)
2
Average grant
$47,500
Median grant
$47,500
Total assets
$1,776,549
Primary geography
Montana (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.8M

+24.7% YoY

Annual Giving

$95K

+17.3% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$48K

-41.4% YoY

Under IRS private-foundation payout rules, Nance Family Foundation Inc reported a distributable amount of $80K for 2024 — the minimum it must pay out in qualifying distributions.

How Nance Family Foundation Inc gives

  • Giving grew 23% from 2021 to 2024. Method
  • In 2024 it paid out 119% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 2 itemized 2024 grant dollars.

States

Cities

BillingsBozeman

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K1 grants20201 grants20212 grants20221 grants20232 grants2024

From 2020 to 2024, annual grant giving ranged from $65K (2020) to $95K (2024). In 2024 it made 2 grants totaling $95K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Billings Clinic Foundations: $85KBillings Clinic Foundations$85KWarriors & Quiet Waters Foundation: $10KWarriors & Quiet WatersFoundation$10K

The largest 2024 recipient was Billings Clinic Foundations ($85K). Together the top 2 received $95K.

Grant Size Distribution

7 grants across all recorded years

2<$50K5$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 5 grants of 7 (71%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Billings Clinic Foundations Billings, MTPhilanthropic Purposes$85,000
Warriors & Quiet Waters Foundation Bozeman, MTPhilanthropic Purposes$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K20202021202220232024
Metric202420232022
Total Assets$1,776,549$1,425,213$1,429,192
Revenue$470,892$92,237$65,551
Expenses$122,126$96,943$113,133
Qualifying Distributions$95,000$81,000$90,000
Net Investment Income$443,766$76,294$44,252
Distributable Amount$79,987$76,961$81,330

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Nance Family Foundation Inc is led by Penelope Nance, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Penelope Nance

    President

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Amy Nance-Cebull

    Secretary & Treasurer

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Robert Nance

    Vice President

    On filings since 2020

    5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Nance Family Foundation Inc

How much does Nance Family Foundation Inc give each year?

Nance Family Foundation Inc gave $95K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $81K across 1 grant.

How large is Nance Family Foundation Inc?

Nance Family Foundation Inc reported $1.8M in total assets on its 2024 IRS Form 990-PF. It paid out $95K in qualifying distributions that year, against a required minimum of $80K (roughly 5% of its investment assets).

Where does Nance Family Foundation Inc operate?

Nance Family Foundation Inc has awarded grants in Montana.

What is Nance Family Foundation Inc's EIN?

Nance Family Foundation Inc's EIN (Employer Identification Number) is 26-0469189. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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