Nolen Foundationinc
Nolen Foundationinc is a private foundation based in Bonita Springs, Florida. Its 2024 filing reports grants to charitable organizations, including Virginia Tech Foundation, Children’s National Hospital, Catholic Charities USA, and Catholic Relief Services.
Nolen Foundationinc at a glance
In short: Nolen Foundationinc gave $500K across 13 grants in 2024 (avg $38K), mostly in Virginia. 46% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $500,316
- +155.0% vs 2023
- Grants made (2024)
- 13
- +62.5% vs 2023
- Average grant
- $38,486
- +56.9% vs 2023
- Median grant
- $1,000
- Total assets
- $3,513,314
- +10.5% vs 2023
- New grantees (estimate)
- 46% first-time grantees (6 of 13, 2024; small sample)
- Primary geography
- Virginia (50% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Nolen Foundationinc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds; it states that contributions are made only to preselected charitable organizations.
- Contact
Mailing address: 4731 Bonita Bay Blvd 1004, Bonita Springs, FL 34134
Phone: (571) 218-8585
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Nolen Foundationinc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Virginia Tech Foundation ($250K). Together the top 10 received $500K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 22 grants of 29 (76%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that 50% of grant dollars went to recipients in Virginia, 36% to recipients in Washington, DC, and 13% to recipients in Maryland. It also lists grants to recipients in Washington state and Florida.
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
Cities
Is Nolen Foundationinc open to new grantees?
46%
first-time grantees, 2024
In 2024, 6 of 13 grantees (46%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $42K; repeat grants $35K. How we count
Medians: $750 first-time, $5K repeat.
- 54% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 283% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $152K (2022) to $500K (2024). In 2024 it made 13 grants totaling $500K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Tech Foundation Blacksburg, VA | General Purpose | $250,000 |
| Childrens National Hospital Washington, DC | General Purpose | $100,000 |
| Catholic Charities USA Washington, DC | General Purpose | $75,000 |
| Catholic Relief Services Baltimore, MD | General Purpose | $65,000 |
| Covenant House Washington, DC | General Purpose | $5,000 |
| Habitat Humanity Washington, DC | General Purpose | $1,000 |
| Holy Trinty Church Washington, DC | General Purpose | $1,000 |
| St Leo's Poor Box Tacoma, WA | General Purpose | $1,000 |
| YMCA Southwest Florida Bonita Springs, FL | General Purpose | $1,000 |
| Compassion Int'l Ci Payment Colorado Springs, CO | General Purpose | $516 |
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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 | $3,513,314 | $228,704 | $505,947 | $500,316 | 13 | $500,316 | $207,317 | $176,843 |
| 2023 | $3,178,687 | $129,557 | $223,974 | $196,236 | 8 | $196,236 | $111,115 | $145,857 |
| 2022 | $2,897,785 | $3,053,896 | $154,163 | $151,576 | 8 | $151,576 | $51,309 | $23,729 |
Under IRS private-foundation payout rules, Nolen Foundationinc reported a distributable amount of $177K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants went to organizations with varied purposes. Virginia Tech Foundation says it manages Virginia Tech’s endowment to advance the university’s mission and strategic priorities. Friends of Karen says it provides emotional, financial, and advocacy support to children with life-threatening illnesses and their families. Lamplighters International describes its mission as training intentional disciple-makers for local church ministry.
Grantmaking
In filing year 2024, the foundation reported 13 grants totaling $500,316. Grant amounts ranged from $100 to $250,000, with a median of $1,000. The largest reported grants were $250,000 to Virginia Tech Foundation, $100,000 to Children’s National Hospital, $75,000 to Catholic Charities USA, and $65,000 to Catholic Relief Services. The filing lists each of these grants as for general purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists George Nolen as CEO.
Nolen Foundationinc is led by George Nolen, CEO on every filing since 2022 — the only officer listed, and uncompensated.
Officers on the 2024 filing
George Nolen
CEO
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 Nolen Foundationinc
How much does Nolen Foundationinc give each year?
Nolen Foundationinc gave $500K across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $196K across 8 grants.
What is Nolen Foundationinc's typical grant size?
Nolen Foundationinc's median grant in 2024 was $1,000, and its average grant was $38,486, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Nolen Foundationinc that year got $42K on average.
Where does Nolen Foundationinc give grants?
Nolen Foundationinc gives mostly in Virginia: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were District of Columbia (36%) and Maryland (13%). The most frequent recipient cities were Washington, DC (5 grants).
Does Nolen Foundationinc give general operating support?
Yes: 100% of Nolen Foundationinc's 2024 grants with a stated purpose (13 of 13) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Nolen Foundationinc's largest grantees?
Nolen Foundationinc's largest 2024 grantees include Virginia Tech Foundation ($250,000), Childrens National Hospital ($100,000) and Catholic Charities USA ($75,000), according to its 2024 IRS Form 990-PF. Together they received 85% of its itemized 2024 grant dollars.
How large is Nolen Foundationinc?
Nolen Foundationinc reported $3.5M in total assets on its 2024 IRS Form 990-PF. It paid out $500K in qualifying distributions that year, against a required minimum of $177K (roughly 5% of its investment assets).
What does Nolen Foundationinc fund?
No mission statement for the foundation is provided. Its grants went to organizations with varied purposes. Virginia Tech Foundation says it manages Virginia Tech’s endowment to advance the university’s mission and strategic priorities. See mission & focus areas ↑
How do I apply for a grant from Nolen Foundationinc?
The foundation does not accept unsolicited requests for funds; it states that contributions are made only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Nolen Foundationinc's EIN?
Nolen Foundationinc's EIN (Employer Identification Number) is 88-4125711. IRS Form 990 filing data is available on this page for 2022–2024.
Does Nolen Foundationinc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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Cite this profile
Grantable. (2026). Nolen Foundationinc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/nolen-foundationinc-morg_f47263b56d604e2d854b5b83edac390c
BibTeX
@misc{grantable_884125711_2026,
author = {{Grantable}},
title = {{Nolen Foundationinc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/nolen-foundationinc-morg_f47263b56d604e2d854b5b83edac390c},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Nolen Foundationinc'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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