Nance Family Foundation Inc
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.
Nance Family Foundation Inc at a glance
In short: Nance Family Foundation Inc gave $95K across 2 grants in 2024 (avg $48K), mostly in Montana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $95,000
- +17.3% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $47,500
- -41.4% vs 2023
- Median grant
- $47,500
- Total assets
- $1,776,549
- +24.7% vs 2023
- Primary geography
- Montana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Nance Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Billings Clinic Foundations ($85K). Together the top 2 received $95K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 7 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $65K (2020) to $95K (2024). In 2024 it made 2 grants totaling $95K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Billings Clinic Foundations Billings, MT | Philanthropic Purposes | $85,000 |
| Warriors & Quiet Waters Foundation Bozeman, MT | Philanthropic Purposes | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,776,549 | $470,892 | $122,126 | $95,000 | 2 | $95,000 | $443,766 | $79,987 |
| 2023 | $1,425,213 | $92,237 | $96,943 | $81,000 | 1 | $81,000 | $76,294 | $76,961 |
| 2022 | $1,429,192 | $65,551 | $113,133 | $90,000 | 2 | $90,000 | $44,252 | $81,330 |
| 2021 | $1,126,481 | $158,791 | $98,826 | $77,000 | 1 | $77,000 | $136,949 | $90,147 |
| 2020 | $1,066,516 | $115,762 | $93,120 | $65,000 | 1 | — | $96,356 | $76,150 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Nance Family Foundation Inc funds
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