Nichols Family Foundation Inc
Nichols Family Foundation Inc is a private foundation, based in Belcamp, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $267K in total assets. In 2025, it awarded 1 grant totaling $500. Net investment income was $22K.
Key facts about Nichols Family Foundation Inc
In short: Nichols Family Foundation Inc gave $500 across 1 grant in 2025 (avg $500), mostly in Maryland. Source: 2025 IRS Form 990-PF.
- EIN
- 52-1518549
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $500
- Grants made (2025)
- 1
- Average grant
- $500
- Median grant
- $500
- Total assets
- $266,719
- Primary geography
- Maryland (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
$267K
+8.2% YoY
Annual Giving
$500
-94.0% YoY
Grant Count
1
-80.0% YoY
Avg Grant Size
$500
-69.9% YoY
Under IRS private-foundation payout rules, Nichols Family Foundation Inc reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.
How Nichols Family Foundation Inc gives
- Giving fell 84% from 2022 to 2025. Method
- In 2025 it paid out 2% 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 the 2025 grant dollars on its one itemized grant.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $500 (2025) to $38K (2023). In 2025 it made 1 grant totaling $500.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Rackliffe House Trust ($500).
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rackliffe House Trust Berlin, MD | To Further Organization's Exempt Purpose. | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $266,719 | $246,585 | $242,317 |
| Revenue | $24,268 | $16,247 | $69,362 |
| Expenses | $4,134 | $11,979 | $39,798 |
| Qualifying Distributions | $500 | $8,300 | $37,500 |
| Net Investment Income | $21,634 | $8,892 | $7,311 |
| Distributable Amount | $28,403 | $24,822 | $19,821 |
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 August 4, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Nichols Family Foundation Inc is led by Raymond C. Nichols, President & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Raymond C. Nichols
President & Director
On filings since 2020
1 hr/week
No compensation reported
R. Charles Nichols
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
S. Michelle Nichols-Neff
Secretary, Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Nichols Family Foundation Inc
How much does Nichols Family Foundation Inc give each year?
Nichols Family Foundation Inc gave $500 across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 5 grants.
How large is Nichols Family Foundation Inc?
Nichols Family Foundation Inc reported $267K in total assets on its 2025 IRS Form 990-PF. It paid out $500 in qualifying distributions that year, against a required minimum of $28K (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.
Where does Nichols Family Foundation Inc operate?
Nichols Family Foundation Inc has awarded grants in Massachusetts, Maryland, Tennessee.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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