The Neal C Nichols Family Foundation Inc is a private foundation based in Falls Church, Virginia. Established in 2007, the foundation operates as a 501(c)(3) organization with a primary focus on charitable giving through investment income distribution.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.8M
+30.0% YoY
Annual Giving
$401K
-76.3% YoY
Grant Count
6
-66.7% YoY
Avg Grant Size
$67K
-28.8% YoY
Under IRS private-foundation payout rules, Neal C Nichols Family Foundation Inc reported a distributable amount of $706K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated purpose is to use investment income to support charitable distributions. The foundation's grantmaking focuses on:
- Education
- Health and medical services
- Religious and faith-based organizations
- Human services
- Philanthropy and voluntarism
Grantmaking
The foundation made 12 grants in 2024, with typical award amounts ranging from $250,000 to $1,000,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds charitable organizations in Virginia and Florida.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $12,813,309
- Total Revenues: $3,456,502
- Total Expenses: $498,546
- Total Liabilities: $0
The foundation maintains no employees and relies on investment income to support its charitable distributions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,813,309 | $9,855,353 | $10,578,356 |
| Revenue | $3,456,502 | $1,052,282 | $140,173 |
| Expenses | $498,546 | $1,775,285 | $1,065,006 |
| Qualifying Distributions | $423,301 | $1,709,976 | $961,963 |
| Net Investment Income | $2,977,427 | $588,939 | $137,810 |
| Distributable Amount | $705,599 | $735,771 | $788,069 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Evergreen Christian School ($120,000), Capital Caring - the George Pakidis Advanced Cardiac Care Program ($100,000), The Christian Broadcasting Network ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAPITAL CARING - THE GEORGE PAKIDIS ADVANCED CARDIAC CARE PROGRAM FALLS CHURCH, VA | CHARITABLE | $100,000 |
| CRU ORLANDO, FL | CHARITABLE | $20,000 |
| EVERGREEN CHRISTIAN SCHOOL LEESBURG, VA | CHARITABLE | $120,000 |
| NATIONAL CAPITAL ARLINGTON, VA | CHARITABLE | $1,000 |
| THE CHRISTIAN BROADCASTING NETWORK VIRGINIA BEACH, VA | CHARITABLE | $100,000 |
| VIRGINIA HOSPITAL CENTER ARLINGTON, VA | CHARITABLE | $60,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Neal Nichols is identified as the founder and primary decision-maker for the foundation. He has been personally involved in the foundation's grantmaking decisions and has publicly commented on the foundation's charitable priorities.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NEAL C NICHOLS | CHAIRMAN/PRESIDENT | 0.5 | — |
| ANGELA D HOLLINS | VICE PRESIDENT & TREASURER | 0.5 | — |
| RALPH E KIPP | SECRETARY | 0.5 | — |
| ANN C NICHOLS | DIRECTOR | 0.5 | $1,000 |
| DEBORAH A HAUTER | DIRECTOR | 0.5 | $1,000 |
| WANDA SCHMITT | DIRECTOR | 0.5 | $1,000 |
| BELINDA NICHOLS | DIRECTOR | 0.5 | $1,000 |
| SUSAN ROSSO | DIRECTOR | 0.5 | $1,000 |
Recent News & Activity
Recent developments and announcements
In September 2021, the foundation made a significant $500,000 commitment to Capital Caring Health for the Advanced Cardiac Care Program, a specialized service providing in-home care to patients with end-stage congestive heart failure. The gift was distributed over five years and honored the memory of George P. Pakidis, a close friend and former business associate of Neal Nichols who died from heart disease.
Capital Caring Health Receives $500000 from the Neal C. Nichols ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Neal C Nichols Family Foundation Inc fund?
The foundation's stated purpose is to use investment income to support charitable distributions. The foundation's grantmaking focuses on: • Education • Health and medical services • Religious and faith-based organizations • Human services • Philanthropy and voluntarism
How do I apply for a grant from Neal C Nichols Family Foundation Inc?
**Grant Activity:** The foundation made 12 grants in 2024, with typical award amounts ranging from $250,000 to $1,000,000. **Recent Grants (2024):** • Evergreen Christian School: $120,000 • The Christian Broadcasting Network: $100,000 • Virginia Hospital Center Pediatrics (APC): $60,000 **Notable Multi-Year Grant:** In 2021, the foundation awarded $500,000 to Capital Caring Health for the Advanced Cardiac Care Program, designated to be distributed over five years. This gift was made in memory o…
Where does Neal C Nichols Family Foundation Inc make grants?
The foundation primarily funds charitable organizations in Virginia and Florida.
What size grants does Neal C Nichols Family Foundation Inc award?
In 2024, Neal C Nichols Family Foundation Inc awarded 6 grants totaling $401K — an average of about $67K per grant, based on its IRS Form 990 filings.
How much is Neal C Nichols Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Neal C Nichols Family Foundation Inc reported a distributable amount of $706K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Neal C Nichols Family Foundation Inc's EIN?
Neal C Nichols Family Foundation Inc's EIN (Employer Identification Number) is 20-5813748. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Neal C Nichols Family Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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