Nolen Foundationinc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BONITA SPRINGS, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 13 grants totaling $500K. Net investment income was $207K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.5M
+10.5% YoY
Annual Giving
$500K
+155.0% YoY
Grant Count
13
+62.5% YoY
Avg Grant Size
$38K
+56.9% YoY
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.
About Nolen Foundationinc
Based on IRS filings
Nolen Foundationinc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BONITA SPRINGS, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 13 grants totaling $500K. Net investment income was $207K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,513,314 | $3,178,687 | $2,897,785 |
| Revenue | $228,704 | $129,557 | $3,053,896 |
| Expenses | $505,947 | $223,974 | $154,163 |
| Qualifying Distributions | $500,316 | $196,236 | $151,576 |
| Net Investment Income | $207,317 | $111,115 | $51,309 |
| Distributable Amount | $176,843 | $145,857 | $23,729 |
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
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Virginia Tech Foundation ($250,000), Childrens National Hospital ($100,000), Catholic Charities Usa ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADLER CENTER HOSPICE ALDIE, VA | GENERAL PURPOSE | $200 |
| CATHOLIC CHARITIES USA WASHINGTON, DC | GENERAL PURPOSE | $75,000 |
| CATHOLIC RELIEF SERVICES BALTIMORE, MD | GENERAL PURPOSE | $65,000 |
| CHILDRENS NATIONAL HOSPITAL WASHINGTON, DC | GENERAL PURPOSE | $100,000 |
| COMPASSION INT'L CI PAYMENT COLORADO SPRINGS, CO | GENERAL PURPOSE | $516 |
| COVENANT HOUSE WASHINGTON, DC | GENERAL PURPOSE | $5,000 |
| FRIENDS OF KAREN NORTH SALEM, NY | GENERAL PURPOSE | $100 |
| HABITAT HUMANITY WASHINGTON, DC | GENERAL PURPOSE | $1,000 |
| HOLY TRINTY CHURCH WASHINGTON, DC | GENERAL PURPOSE | $1,000 |
| LAMPLIGHTERS INTERNATIONAL MINNEAPOLIS, MN | GENERAL PURPOSE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE NOLEN | CEO | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nolen Foundationinc?
Nolen Foundationinc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BONITA SPRINGS, FL. It holds $3.5M in total assets as of 2024.
How large is Nolen Foundationinc?
As of 2024, Nolen Foundationinc holds $3.5M in total assets with $229K in annual revenue. It awarded 13 grants totaling $500K in 2024.
Where does Nolen Foundationinc operate?
Nolen Foundationinc has awarded grants in Colorado, District of Columbia, Florida, Maryland, Minnesota, New York, Virginia, Washington.
What size grants does Nolen Foundationinc award?
In 2024, Nolen Foundationinc awarded 13 grants totaling $500K — an average of about $38K per grant, based on its IRS Form 990 filings.
How much is Nolen Foundationinc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nolen Foundationinc reported a distributable amount of $177K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Nolen Foundationinc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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