The Nordlys Foundation is a private foundation based in Saratoga Springs, New York, established in 2000. It operates as a grantmaking organization with a volunteer board and limited staffing, focusing on philanthropic support for arts, culture, and agricultural initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.5M
+493.6% YoY
Annual Giving
$2.0M
+760.5% YoY
Grant Count
25
+78.6% YoY
Avg Grant Size
$82K
+381.9% YoY
Mission & Focus Areas
The foundation primarily funds program support in the following areas:
- Arts and culture
- Agriculture, fishing, and forestry
- Community development
The foundation has supported notable initiatives including the kaffestugan project.
Grantmaking
The foundation indicates it makes contributions to preselected organizations only, suggesting a limited open application process.
Grant Range
$10,000–$40,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation supports projects in:
- New York (including Albany, Ballston Spa, and Saratoga Springs)
- Minnesota (including Minneapolis)
- Vermont
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $1.1–$6.5 million (varying by reporting year)
- Annual revenue: $349,783 (2023)
- Annual expenses: $251,452 (2023)
- Expense ratio: 71.9% of total revenue spent on programs
Annual Distributions:
- Approximately $237,000 in recent grant distributions
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,498,226 | $1,094,677 | $996,346 |
| Revenue | $7,461,532 | $349,783 | $364,206 |
| Expenses | $2,057,983 | $251,452 | $287,194 |
| Qualifying Distributions | $2,039,750 | $237,000 | $277,380 |
| Net Investment Income | $1,091,946 | $322,797 | $356,656 |
| Distributable Amount | $347,598 | $119,811 | $112,022 |
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
95 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's board consists of:
- Barbara Glaser – President/Director (5 hours per week, unpaid)
- Kimara Gustafson – Director (1 hour per week, unpaid)
- Susan Bokan – Treasurer/Director (1 hour per week, unpaid)
- Kenneth Glaser – Director (unpaid)
All board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARBARA GLASER | PRESIDENT | 5 | — |
| KIMARA GUSTAFSON | DIRECTOR | 1 | — |
| SUSAN BOKAN | TREASURER | 1 | — |
| KENNETH GLASER | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation maintains active grantmaking, with recent awards documented through 2024. It continues to support organizations in its focus areas across New York and Minnesota.
NORD Awards 2025 Seed Grants to Propel Breakthroughs in Rare Disease ResearchSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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