Nolen Foundationinc
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.
Key facts about Nolen Foundationinc
- EIN
- 88-4125711
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $500,316
- Grants made (2024)
- 13
- Average grant
- $38,486
- Median grant
- $1,000
- New grantees (estimate)
- 46% first-time grantees (6 of 13, 2024)
- Total assets
- $3,513,314
- Primary geography
- Virginia (50% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Nolen Foundationinc funds
By grant dollars, the top recipient states for Nolen Foundationinc's 13 itemized 2024 grants were Virginia (50%), District of Columbia (36%) and Maryland (13%). The most frequent recipient cities were Washington, DC (5 grants). 100% of grants with a stated purpose were for general or operating support.
Is Nolen Foundationinc open to new grantees?
46%
first-time grantees, 2024
In 2024, 6 of 13 grantees (46%) were first-time recipients. 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 IRS Form 990-PF grant lists (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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
Share of all 13 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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 recipients include Virginia Tech Foundation ($250,000), Childrens National Hospital ($100,000), Catholic Charities Usa ($75,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.