Nanovic Family Memorial Scholarship Fund
The Nanovic Family Memorial Scholarship Fund is a private foundation based in Captiva, Florida. It supports scholarship programs through grants to colleges and universities.
Nanovic Family Memorial Scholarship Fund at a glance
In short: Nanovic Family Memorial Scholarship Fund gave $158K across 11 grants in 2024 (avg $14K), mostly in Pennsylvania. 18% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $157,500
- -3.1% vs 2023
- Grants made (2024)
- 11
- +0.0% vs 2023
- Average grant
- $14,318
- -3.1% vs 2023
- Median grant
- $10,000
- Total assets
- $3,306,403
- +10.2% vs 2023
- New grantees (estimate)
- 18% first-time grantees (2 of 11, 2024; small sample)
- Primary geography
- Pennsylvania (94% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Nanovic Family Memorial Scholarship Fund
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 1644 Lands End Village, Captiva, FL 33924
Phone: (239) 472-6823
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Nanovic Family Memorial Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Penn State University ($60K). Together the top 10 received $153K.
Grant Size Distribution
48 grants across all recorded years
The most common grant size was under $50K: 45 grants of 48 (94%).
Geographic Focus
Where this funder awards grants
In 2024, 94% of grant dollars went to recipients in Pennsylvania, 3% to recipients in Georgia, and 3% to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
Is Nanovic Family Memorial Scholarship Fund open to new grantees?
18%
first-time grantees, 2024
In 2024, 2 of 11 grantees (18%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $6K; repeat grants $16K. How we count
Medians: $6K first-time, $10K repeat.
- 82% of 2024 grantees were also funded in 2023. Method
- Giving grew 30% from 2021 to 2024. Method
- In 2024 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $86K (2020) to $163K (2023). In 2024 it made 11 grants totaling $158K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Penn State University University Park, PA | Scholarships Programs | $60,000 |
| St Joseph's University Philadelphia, PA | Scholarships Programs | $20,000 |
| Bucknell University Lewisburg, PA | Scholarships Programs | $15,000 |
| West Chester University West Chester, 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 |
| King's College Wilkes-Barre, PA | Scholarships Programs | $7,500 |
| Elizabethtown College Elizabethtown, PA | Scholarships Programs | $5,000 |
| Georgia Institute of Technology Atlanta, GA | Scholarships Programs | $5,000 |
| Moravian College Bethlehem, PA | Scholarships Programs | $5,000 |
Ready to take the next step with Nanovic Family Memorial Scholarship Fund?
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 | $3,306,403 | $172,234 | $163,659 | $157,500 | 11 | $158,475 | $167,050 | $153,493 |
| 2023 | $3,001,041 | $130,106 | $169,943 | $162,500 | 11 | $163,435 | $124,951 | $132,424 |
| 2022 | $2,830,055 | $88,748 | $140,987 | $133,750 | 9 | $134,625 | $82,915 | $137,840 |
| 2021 | $3,667,557 | $73,095 | $130,143 | $121,250 | 8 | $122,000 | $66,862 | $146,978 |
| 2020 | $2,566,348 | $97,727 | $92,658 | $86,250 | 9 | — | $90,569 | $116,160 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state a mission for the fund. Its 2024 grants were designated for scholarship programs. Among its grantees, King’s College describes itself as a Catholic college in the Holy Cross tradition providing a broad-based liberal arts education. Syracuse University describes its mission as supporting student success through global study, experiential learning, interdisciplinary scholarship, creativity, and entrepreneurial endeavors.
Grantmaking
In 2024, the fund made 11 grants totaling $157,500. Grants ranged from $5,000 to $60,000, with a median grant of $10,000. Notable awards included $60,000 to Penn State University, $20,000 to St. Joseph’s University, and $15,000 each to Bucknell University and West Chester University. Each was designated for scholarship programs.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Robert S. Nanovic and Elizabeth Nanovic as trustees.
Nanovic Family Memorial Scholarship Fund's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elizabeth Nanovic
Trustee
On filings since 2020
1 hr/week
No compensation reported
Robert S Nanovic
Trustee
On filings since 2020
1 hr/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 Nanovic Family Memorial Scholarship Fund
How much does Nanovic Family Memorial Scholarship Fund give each year?
Nanovic Family Memorial Scholarship Fund gave $158K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $163K across 11 grants.
What is Nanovic Family Memorial Scholarship Fund's typical grant size?
Nanovic Family Memorial Scholarship Fund's median grant in 2024 was $10,000, and its average grant was $14,318, across 11 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Nanovic Family Memorial Scholarship Fund that year got $6K on average.
Where does Nanovic Family Memorial Scholarship Fund give grants?
Nanovic Family Memorial Scholarship Fund gives mostly in Pennsylvania: 94% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Nanovic Family Memorial Scholarship Fund give general operating support?
Not in 2024: none of the 11 grants with a stated purpose on Nanovic Family Memorial Scholarship Fund's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships Programs" (11 grants).
Who are Nanovic Family Memorial Scholarship Fund's largest grantees?
Nanovic Family Memorial Scholarship Fund's largest 2024 grantees include Penn State University ($60,000), St Joseph's University ($20,000) and Bucknell University ($15,000), according to its 2024 IRS Form 990-PF. Together they received 60% of its itemized 2024 grant dollars.
How large is Nanovic Family Memorial Scholarship Fund?
Nanovic Family Memorial Scholarship Fund reported $3.3M in total assets on its 2024 IRS Form 990-PF. It paid out $158K in qualifying distributions that year, against a required minimum of $153K (roughly 5% of its investment assets).
What does Nanovic Family Memorial Scholarship Fund fund?
The available information does not state a mission for the fund. Its 2024 grants were designated for scholarship programs. Among its grantees, King’s College describes itself as a Catholic college in the Holy Cross tradition providing a broad-based liberal arts education. See mission & focus areas ↑
How do I apply for a grant from Nanovic Family Memorial Scholarship Fund?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Nanovic Family Memorial Scholarship Fund accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Nanovic Family Memorial Scholarship Fund funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/nanovic-family-memorial-scholarship-fund-morg_78d9f6e3db1e41fe95aa69c7659125f7
BibTeX
@misc{grantable_206919886_2026,
author = {{Grantable}},
title = {{Nanovic Family Memorial Scholarship Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/nanovic-family-memorial-scholarship-fund-morg_78d9f6e3db1e41fe95aa69c7659125f7},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Nanovic Family Memorial Scholarship Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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