Nanovic Family Memorial Scholarship Fund is a private foundation focused on Education, based in CAPTIVA, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 11 grants totaling $158K. Net investment income was $167K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+10.2% YoY
Annual Giving
$158K
-3.1% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$14K
-3.1% YoY
Under IRS private-foundation payout rules, Nanovic Family Memorial Scholarship Fund reported a distributable amount of $153K for 2024 — the minimum it must pay out in qualifying distributions.
About Nanovic Family Memorial Scholarship Fund
Based on IRS filings
Nanovic Family Memorial Scholarship Fund is a private foundation focused on Education, based in CAPTIVA, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 11 grants totaling $158K. Net investment income was $167K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,306,403 | $3,001,041 | $2,830,055 |
| Revenue | $172,234 | $130,106 | $88,748 |
| Expenses | $163,659 | $169,943 | $140,987 |
| Qualifying Distributions | $158,475 | $163,435 | $134,625 |
| Net Investment Income | $167,050 | $124,951 | $82,915 |
| Distributable Amount | $153,493 | $132,424 | $137,840 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Penn State University ($60,000), St Joseph's University ($20,000), Bucknell University ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bucknell University Lewisburg, PA | Scholarships Programs | $15,000 |
| Commonwealth University of Pennsylvania Bloomsburg, PA | Scholarships Programs | $10,000 |
| East Stroudsburg University East Stroudsburg, PA | Scholarships Programs | $10,000 |
| Elizabethtown College Elizabethtown, PA | Scholarships Programs | $5,000 |
| Georgia Institute of Technology Atlanta, GA | Scholarships Programs | $5,000 |
| King's College Wilkes Barre, PA | Scholarships Programs | $7,500 |
| Moravian College Bethlehem, PA | Scholarships Programs | $5,000 |
| Penn State University University Park, PA | Scholarships Programs | $60,000 |
| St Joseph's University Philadelphia, PA | Scholarships Programs | $20,000 |
| Syracuse University Syracuse, NY | Scholarships Programs | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert S Nanovic | Trustee | 1 | — |
| Elizabeth Nanovic | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nanovic Family Memorial Scholarship Fund?
Nanovic Family Memorial Scholarship Fund is a private foundation focused on Education, based in CAPTIVA, FL. It holds $3.3M in total assets as of 2024.
How large is Nanovic Family Memorial Scholarship Fund?
As of 2024, Nanovic Family Memorial Scholarship Fund holds $3.3M in total assets with $172K in annual revenue. It awarded 11 grants totaling $158K in 2024.
Where does Nanovic Family Memorial Scholarship Fund operate?
Nanovic Family Memorial Scholarship Fund has awarded grants in Georgia, Illinois, New York, Pennsylvania.
What size grants does Nanovic Family Memorial Scholarship Fund award?
In 2024, Nanovic Family Memorial Scholarship Fund awarded 11 grants totaling $158K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Nanovic Family Memorial Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nanovic Family Memorial Scholarship Fund reported a distributable amount of $153K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nanovic Family Memorial Scholarship Fund's EIN?
Nanovic Family Memorial Scholarship Fund's EIN (Employer Identification Number) is 20-6919886. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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