Nicol Foundation
Nicol Foundation is a private foundation focused on Education, based in Granite City, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $24K in total assets. In 2025, it awarded 1 grant totaling $3K.
Nicol Foundation at a glance
In short: Nicol Foundation gave $3K across 1 grant in 2025 (avg $3K), mostly in Missouri. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,608
- -76.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $2,608
- -76.4% vs 2024
- Median grant
- $2,608
- Total assets
- $23,660
- +1.4% vs 2024
- Primary geography
- Missouri (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Nicol Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Overland Historical Society ($3K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Nicol Foundation gives
- Giving grew 137% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $1K (2021) to $19K (2020). In 2025 it made 1 grant totaling $3K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Overland Historical Society Overland, MO | To honor early pioneers who settled the area, most of whom served in local militias. | $2,608 |
Ready to take the next step with Nicol Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $23,660 | $5,075 | $4,743 | $2,608 | 1 | $2,608 | $198 |
| 2024 | $23,328 | $25,585 | $14,981 | $11,062 | 1 | $21,968 | $416 |
| 2023 | $12,724 | $6,143 | $15,916 | $13,950 | 1 | $22,943 | $688 |
| 2022 | $22,497 | $4,892 | $5,862 | $1,100 | 2 | $4,539 | $1,334 |
| 2021 | $23,467 | $14,630 | $1,863 | $1,000 | 1 | $4,789 | $686 |
| 2020 | $10,700 | $1,701 | $21,186 | $18,598 | 4 | — | $887 |
| 2019 | $30,185 | $27,135 | $16,892 | $15,035 | Total only | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Under IRS private-foundation payout rules, Nicol Foundation reported a distributable amount of $198 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Nicol Foundation is led by Kevin Nicol, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kevin Nicol
President
On filings since 2019
15 hrs/week
No compensation reported
Adam Mongold
Treasurer
On filings since 2019
4 hrs/week
No compensation reported
Elizabeth Nicol
Secretary
On filings since 2019
4 hrs/week
No compensation reported
Nancy Staten
Vice President
On filings since 2019
4 hrs/week
No compensation reported
Former officers (1)
- Former: John Carenza (2019–2023) — Director
Data from IRS Form 990 filings, 2019–2025. "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 Nicol Foundation
How much does Nicol Foundation give each year?
Nicol Foundation gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 1 grant.
How large is Nicol Foundation?
Nicol Foundation reported $24K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $198 (roughly 5% of its investment assets).
What is Nicol Foundation?
Nicol Foundation is a private foundation focused on Education, based in Granite City, IL. It holds $24K in total assets as of 2025.
Where does Nicol Foundation operate?
Nicol Foundation has awarded grants in Illinois, Missouri.
What is Nicol Foundation's EIN?
Nicol Foundation's EIN (Employer Identification Number) is 47-1238677. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- Updated Form 990 for fiscal year 2019 (received by the IRS August 12, 2020)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Nicol Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Nicol Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Illinois
LPL Financial Foundation Inc
Boston, MA
Assets
$7.8M
Grants
55
Total Given
$2.3M
The Chicago Community Trust
Chicago, IL
The Chicago Community Trust funds eligible nonprofits working to narrow the wealth gap and meet urgent needs, with priorities including economic mobility, education, jobs, homeownership, and community development in metropolitan Chicago and Cook County. Its 2025 grants had a median of $26,500, though amounts varied widely; the profile does not state whether it accepts unsolicited requests.
Assets
$7.1B
Grants
4,316
Total Given
$1.2B
First Mid Bancshares Inc
Mattoon, IL
FIRST MID BANCSHARES INC funds U.S. 501(c)(3)-eligible religious, charitable, scientific, literary, and educational purposes; its 2025 grants supported Illinois organizations, including sports, health care, and food assistance. Grants ranged from $1,000 to $250,000, with a median of $1,000. The filing says applicants should submit a letter describing their organization and the grant’s purpose, so it accepts applications; no deadline is listed.
Assets
$593K
Grants
15
Total Given
$332K
The Joyce Foundation
Chicago, IL
The Joyce Foundation funds policy research, development, and advocacy advancing racial equity and economic mobility, across areas including education, the environment, democracy, culture, gun violence prevention and justice reform, and journalism. Its grants primarily support work in Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin; the 2024 median grant was $80,000, with awards ranging from $685 to $1 million. It accepts online letters of inquiry year-round, but formal proposals are by invitation only.
Assets
$1.3B
Grants
470
Total Given
$52.2M
Podolsky Family Foundation
Riverwoods, IL
The Podolsky Family Foundation supports a range of charitable organizations, including education, community services, Jewish organizations, food assistance, conservation, and public services, with most 2025 funding going to Illinois recipients. Its 2025 grants ranged from $100 to $27,603, with a median of $1,000; it gives only to preselected organizations and does not accept unsolicited requests.
Assets
$3.4M
Grants
83
Total Given
$207K
St Louis Community Foundation Inc
St. Louis, MO
The foundation supports nonprofits through its own community priorities and funds it administers for private and family foundations, including economic mobility, youth connections, and a range of other donor-directed causes. In 2024, grants ranged from $5,050 to $4 million, with a median of $20,000; community-impact funding focuses mainly on high-need ZIP codes in Missouri and Illinois, though grants also go elsewhere. It does not state whether it accepts unsolicited requests; applicants should check each funder’s criteria and deadlines.
Assets
$494.4M
Grants
839
Total Given
$63.9M
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Nicol 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.
Nicol Foundation down — hundreds of funders to go?