Nance Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About Nance Family Foundation Inc
Based on IRS filings
Nance Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Billings Clinic Foundations ($85,000), Warriors & Quiet Waters Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BILLINGS CLINIC FOUNDATIONS BILLINGS, MT | PHILANTHROPIC PURPOSES | $85,000 |
| WARRIORS & QUIET WATERS FOUNDATION BOZEMAN, MT | PHILANTHROPIC PURPOSES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PENELOPE NANCE | PRESIDENT | 5 | — |
| ROBERT NANCE | VICE PRESIDENT | 5 | — |
| AMY NANCE-CEBULL | SECRETARY/TREASURER | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nance Family Foundation Inc?
Nance Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. It holds $1.8M in total assets as of 2024.
How large is Nance Family Foundation Inc?
As of 2024, Nance Family Foundation Inc holds $1.8M in total assets with $471K in annual revenue. It awarded 2 grants totaling $95K in 2024.
Where does Nance Family Foundation Inc operate?
Nance Family Foundation Inc has awarded grants in Montana.
What size grants does Nance Family Foundation Inc award?
In 2024, Nance Family Foundation Inc awarded 2 grants totaling $95K — an average of about $48K per grant, based on its IRS Form 990 filings.
How much is Nance Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nance Family Foundation Inc reported a distributable amount of $80K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Browse active grant opportunities in Nance Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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