Nicholson Aaaa Charitable

NORFOLK, VA EIN: 81-4870515

Nicholson Aaaa Charitable is a private foundation, based in NORFOLK, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $65K in total assets. In 2024, it awarded 13 grants totaling $66K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$65K

-2.8% YoY

Annual Giving

$66K

+24.9% YoY

Grant Count

+8.3% YoY

Avg Grant Size

$5K

+15.3% YoY

Under IRS private-foundation payout rules, Nicholson Aaaa Charitable reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About Nicholson Aaaa Charitable

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $277K (100%)

States

Virginia

Cities

ChesapeakeLeesburgNorfolkPetersburgPortsmouthRichmondVirginia Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$64,957	$66,846	$52,348
Revenue	$73,974	$76,749	$70,886
Expenses	$75,863	$62,251	$58,281
Qualifying Distributions	$65,810	$52,703	$55,956
Net Investment Income	—	—	—
Distributable Amount	$1,772	$1,561	$1,187

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

59 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Virginia Opera ($18,500), Union Mission ($10,800), Foodbank of Southeastern Virginia ($6,500).

Recipient	Purpose	Amount
CASA VIRGINIA BEACH, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$5,000
FOODBANK OF SOUTHEASTERN VIRGINIA NORFOLK, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$6,500
FOR KIDS CHESAPEAKE, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$3,000
HEMITAGE MUSEUM & GARDENS NORFOLK, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$2,500
HILLTOP FAMILY YMCA VIRGINIA BEACH, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$1,000
NORFOLK PUBLIC LIBRARY NORFOLK, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$500
UNION MISSION VIRGINIA BEACH, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$10,800
VIRGINIA ARTS FESTIVAL NORFOLK, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$5,000
VIRGINIA OPERA NORFOLK, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$18,500
VIRGINIA STAGE COMPANY NORFOLK, VA	FURTHER DONEE'S CHARITABLE PURPOSE	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
THOMAS H NICHOLSON III	PRESIDENT	—	—

Frequently Asked Questions

How large is Nicholson Aaaa Charitable?

As of 2024, Nicholson Aaaa Charitable holds $65K in total assets with $74K in annual revenue. It awarded 13 grants totaling $66K in 2024.

Where does Nicholson Aaaa Charitable operate?

Nicholson Aaaa Charitable has awarded grants in Virginia.

What size grants does Nicholson Aaaa Charitable award?

In 2024, Nicholson Aaaa Charitable awarded 13 grants totaling $66K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Nicholson Aaaa Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Nicholson Aaaa Charitable reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.