Nichols Family Foundation

Private foundation · Grantmaker Excelsior, MN EIN: 45-3087541

Nichols Family Foundation is a private foundation, based in Excelsior, MN. IRS filing data is available from 2020 through 2024. Net investment income was $291.

Nichols Family Foundation at a glance

Revenue (2024)
$2,636
-58.0% vs 2023
Net investment income (2024)
$291
-90.4% vs 2023
Expenses (2024)
$2,345
-84.6% vs 2023
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated October 2026.

Who Nichols Family Foundation funds

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 5 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

MemphisRochester

How Nichols Family Foundation gives

  • Giving held roughly steady from 2020 to 2023 (+0%). Method
  • In 2023 it paid out 106% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K1 grant2020 1 grant2021 2 grants2022 1 grant2023 0 grants2024

From 2020 to 2023, annual grant giving ranged from $12K (2020) to $12K (2023). In 2023 it made 1 grant totaling $12K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
St Judes Memphis, TNGeneral Use of the Charity$12,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024—$2,636$2,345———$291$473
2023$146,154$6,276$15,247$12,0001$12,000$3,029$11,338
2022$155,125$9,818$14,807$12,0002$12,000$7,011$11,737
2021$279,227$15,915$14,863$12,0001$12,000$13,052$13,093
2020$225,403$13,995$14,355$12,0001—$11,640$10,484

Under IRS private-foundation payout rules, Nichols Family Foundation reported a distributable amount of $473 for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Nichols Family Foundation's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Jack R. Nichols

    Member & Director

    On filings since 2020

    No compensation reported

  • Jenna L. Nichols

    Member & Director

    On filings since 2020

    No compensation reported

  • Sarah C. Nichols

    Member & Director

    On filings since 2020

    No compensation reported

  • Sheri L. Nichols

    Member & Director

    On filings since 2020

    No compensation reported

  • William D. Nichols

    Member & Director

    On filings since 2020

    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 Nichols Family Foundation

Where does Nichols Family Foundation operate?

Nichols Family Foundation has awarded grants in Minnesota, Tennessee.

How much is Nichols Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Nichols Family Foundation reported a distributable amount of $473 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Nichols Family Foundation's EIN?

Nichols Family Foundation's EIN (Employer Identification Number) is 45-3087541. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS March 2, 2022)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS July 27, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Nichols Family Foundation'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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