Nichols Family Foundation Inc
Nichols Family Foundation Inc is a private foundation, based in BELCAMP, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $247K in total assets. In 2024, it awarded 5 grants totaling $8K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$247K
+1.8% YoY
Annual Giving
$8K
-77.9% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$2K
-86.7% YoY
Under IRS private-foundation payout rules, Nichols Family Foundation Inc reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Nichols Family Foundation Inc
Based on IRS filings
Nichols Family Foundation Inc is a private foundation, based in BELCAMP, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $247K in total assets. In 2024, it awarded 5 grants totaling $8K. Net investment income was $9K.
Ready to take the next step with Nichols Family Foundation Inc?
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 | $246,585 | $242,317 | $212,753 |
| Revenue | $16,247 | $69,362 | $31,482 |
| Expenses | $11,979 | $39,798 | $5,536 |
| Qualifying Distributions | $8,300 | $37,500 | $3,200 |
| Net Investment Income | $8,892 | $7,311 | $4,896 |
| Distributable Amount | $24,822 | $19,821 | $17,020 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ducks Unlimited ($7,500), Rackliffe House Trust ($500), Chesapeake Bay Foundation ($100).
| Recipient | Purpose | Amount |
|---|---|---|
| CHESAPEAKE BAY FOUNDATION ANNAPOLIS, MD | TO FURTHER ORGANIZATION'S EXEMPT PURPOSE. | $100 |
| DANA-FARBER CANCER INSTITUTE BOSTON, MA | TO FURTHER ORGANIZATION'S EXEMPT PURPOSE. | $100 |
| DUCKS UNLIMITED MEMPHIS, TN | TO FURTHER ORGANIZATION'S EXEMPT PURPOSE. | $7,500 |
| MARYLAND PUBLIC TELIVISION OWINGS MILLS, MD | TO FURTHER ORGANIZATION'S EXEMPT PURPOSE. | $100 |
| RACKLIFFE HOUSE TRUST BERLIN, MD | TO FURTHER ORGANIZATION'S EXEMPT PURPOSE. | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAYMOND C NICHOLS | PRESIDENT/DIRECTOR | 1 | — |
| R CHARLES NICHOLS | VICE PRESIDENT/DIRECTOR | 1 | — |
| S MICHELLE NICHOLS-NEFF | SECRETARY/TREASURER/DIRECT | 1 | — |
Frequently Asked Questions
How large is Nichols Family Foundation Inc?
As of 2024, Nichols Family Foundation Inc holds $247K in total assets with $16K in annual revenue. It awarded 5 grants totaling $8K in 2024.
Where does Nichols Family Foundation Inc operate?
Nichols Family Foundation Inc has awarded grants in Massachusetts, Maryland, Tennessee.
What size grants does Nichols Family Foundation Inc award?
In 2024, Nichols Family Foundation Inc awarded 5 grants totaling $8K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Nichols Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nichols Family Foundation Inc reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nichols Family Foundation Inc's EIN?
Nichols Family Foundation Inc's EIN (Employer Identification Number) is 52-1518549. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Nichols Family Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Abell Foundation Inc
BALTIMORE, MD
Assets
$296.4M
Grants
391
Total Given
$13.4M
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
$12K
American Federation for Children Growth
COLUMBIA, MD
Assets
$9.4M
Grants
11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Nichols Family Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Nichols Family Foundation Inc to a real strategy.