NDSP Family Foundation
NDSP Family Foundation is a private foundation, based in Southfield, MI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $9.5M in total assets. In 2025, it awarded 4 grants totaling $33K. Net investment income was $324K.
Key facts about NDSP Family Foundation
In short: NDSP Family Foundation gave $33K across 4 grants in 2025 (avg $8K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- EIN
- 81-4662737
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $33,000
- Grants made (2025)
- 4
- Average grant
- $8,250
- Median grant
- $9,000
- Total assets
- $9,512,619
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$9.5M
+3.1% YoY
Annual Giving
$33K
+10.0% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$8K
-17.5% YoY
Under IRS private-foundation payout rules, NDSP Family Foundation reported a distributable amount of $541K for 2025 — the minimum it must pay out in qualifying distributions.
How NDSP Family Foundation gives
- Giving fell 95% from 2022 to 2025. Method
- In 2025 it paid out 6% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
Share of 2025 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $30K (2024) to $2.2M (2023). In 2025 it made 4 grants totaling $33K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Zoo Atlanta ($10K). Together the top 4 received $33K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 13 grants of 17 (76%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Zoo Atlanta Atlanta, GA | General Fund | $10,000 |
| Georgia Aquariam Atlanta, GA | General Fund | $10,000 |
| Atlanta Botanical Garden Atlanta, GA | General Fund | $8,000 |
| Leadership Institute Atlanta, GA | General Fund | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $9,512,619 | $9,225,948 | $8,989,212 |
| Revenue | $357,107 | $348,627 | $1,571,841 |
| Expenses | $66,004 | $108,565 | $2,296,369 |
| Qualifying Distributions | $33,000 | $33,250 | $2,250,167 |
| Net Investment Income | $324,103 | $312,762 | $1,525,884 |
| Distributable Amount | $541,285 | $481,987 | $488,424 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
NDSP Family Foundation is led by Ernest L. Nicolay III, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ernest L. Nicolay III
President
On filings since 2020
2 hrs/week
$245 (2023) → $0 (2025)
Dana Nicolay
Secretary
On filings since 2020
2 hrs/week
No compensation reported
Pete Nicolay
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Sarah Kagan (2020) — Assistant Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $245, to Ernest L Nicolay (President).
Frequently asked questions about NDSP Family Foundation
How much does NDSP Family Foundation give each year?
NDSP Family Foundation gave $33K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 3 grants.
What is NDSP Family Foundation's typical grant size?
NDSP Family Foundation's median grant in 2025 was $9,000, and its average grant was $8,250, across 4 grants on its 2025 IRS Form 990-PF.
Where does NDSP Family Foundation give grants?
NDSP Family Foundation gives mostly in Georgia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Atlanta, GA (4 grants).
Does NDSP Family Foundation give general operating support?
Yes: 100% of NDSP Family Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is NDSP Family Foundation?
NDSP Family Foundation reported $9.5M in total assets on its 2025 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $541K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is NDSP Family Foundation's EIN?
NDSP Family Foundation's EIN (Employer Identification Number) is 81-4662737. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching NDSP Family Foundation by hand.
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