Nichols Foundation Inc
Nichols Foundation Inc is a private foundation, based in Bellville, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $245K in total assets. In 2024, it awarded 5 grants totaling $16K. Net investment income was $7K.
Nichols Foundation Inc at a glance
In short: Nichols Foundation Inc gave $16K across 5 grants in 2024 (avg $3K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $16,000
- +18.5% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $3,200
- -5.2% vs 2023
- Median grant
- $2,500
- Total assets
- $245,363
- -3.3% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Nichols Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was St Mary's Episcopal Church ($6K).
Organizations only. It also paid 4 individual scholarships ($10,000), which are not listed by name.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 28 grants of 28 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Nichols Foundation Inc gives
- Giving grew 23% from 2021 to 2024. Method
- In 2024 it paid out 136% 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
From 2020 to 2024, annual grant giving ranged from $13K (2021) to $16K (2024). In 2024 it made 5 grants totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Mary's Episcopal Church Bellville, TX | Donation | $6,000 |
| 4 individual scholarships Recipients not named | — | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $245,363 | $12,906 | $21,305 | $16,000 | 5 | $16,000 | $7,406 | $11,798 |
| 2023 | $253,762 | $12,773 | $18,401 | $13,500 | 4 | $13,500 | $7,687 | $11,974 |
| 2022 | $259,390 | $11,837 | $18,822 | $16,000 | 5 | $16,000 | $8,800 | $12,890 |
| 2021 | $268,932 | $14,615 | $17,604 | $13,000 | 7 | $13,000 | $9,048 | $13,999 |
| 2020 | $274,171 | $13,117 | $19,632 | $15,250 | 7 | — | $7,279 | $13,394 |
Under IRS private-foundation payout rules, Nichols Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Nichols Foundation Inc is led by Rebecca U. Nichols, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rebecca U. Nichols
President
On filings since 2020
No compensation reported
Michael W. Nichols
Secretary-Treasurer
On filings since 2020
No compensation reported
W. S. Nichols III
Vice President
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 Foundation Inc
How much does Nichols Foundation Inc give each year?
Nichols Foundation Inc gave $16K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14K across 4 grants.
What is Nichols Foundation Inc's typical grant size?
Nichols Foundation Inc's median grant in 2024 was $2,500, and its average grant was $3,200, across 5 grants on its 2024 IRS Form 990-PF.
Where does Nichols Foundation Inc give grants?
Nichols Foundation Inc gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Nichols Foundation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Nichols Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).
How large is Nichols Foundation Inc?
Nichols Foundation Inc reported $245K in total assets on its 2024 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What is Nichols Foundation Inc's EIN?
Nichols Foundation Inc's EIN (Employer Identification Number) is 76-0603435. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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