NSB Foundation Inc
NSB Foundation Inc is a private foundation, based in Barre, VT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.8M in total assets. In 2025, it awarded 5 grants totaling $116K. Net investment income was $268K.
NSB Foundation Inc at a glance
In short: NSB Foundation Inc gave $116K across 5 grants in 2025 (avg $23K), mostly in Vermont. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $116,000
- -39.3% vs 2024
- Grants made (2025)
- 5
- -37.5% vs 2024
- Average grant
- $23,200
- -2.8% vs 2024
- Median grant
- $30,000
- Total assets
- $3,844,560
- +7.8% vs 2024
- Primary geography
- Vermont (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 NSB Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Elevate Youth Services ($50K). Together the top 5 received $116K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 19 grants of 28 (68%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How NSB Foundation Inc gives
- Giving fell 42% from 2022 to 2025. Method
- In 2025 it paid out 68% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $116K (2025) to $400K (2020). In 2025 it made 5 grants totaling $116K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Elevate Youth Services Barre, VT | General Operating Support | $50,000 |
| Vermont Professionals of Color Network Burlington, VT | General Operating Support | $35,000 |
| Champlain College Burlington, VT | General Operating Support | $30,000 |
| Community College of Vermont Winooski, VT | General Operating Support | $500 |
| Good Samaritan Haven Barre, VT | General Operating Support | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,844,560 | $269,484 | $128,717 | $116,000 | 5 | $120,925 | $268,409 | $177,258 |
| 2024 | $3,566,701 | $340,317 | $202,188 | $191,000 | 8 | $197,870 | $339,342 | $169,885 |
| 2023 | $3,379,278 | $249,681 | $231,653 | $222,500 | 5 | $230,346 | $182,923 | $155,721 |
| 2022 | $3,097,175 | $177,635 | $216,234 | $198,500 | 8 | $211,331 | $142,593 | $158,511 |
| 2021 | $3,785,393 | $522,137 | $159,139 | $150,000 | 2 | $155,050 | $246,637 | $164,152 |
| 2020 | $3,136,048 | $615,454 | $407,668 | $400,000 | 6 | — | $215,004 | $135,454 |
Under IRS private-foundation payout rules, NSB Foundation Inc reported a distributable amount of $177K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
NSB Foundation Inc is led by Nicole Carignan, President & Chair on every filing since 2022; 7 of 11 officers listed in 2025 are compensated.
Officers on the 2025 filing
Nicole Carignan
President & Chair
On filings since 2022
0.5 hrs/week
$550 (2022) → $550 (2025)
Dolly Fleming
Director
On filings since 2021
0.5 hrs/week
$550 (2021) → $0 (2025)
Keith Paxman
Director
Director → Vice President & Vice Chair, 2022
Vice President & Vice Chair → Director, 2025
On filings since 2021
0.5 hrs/week
$550 (2021) → $550 (2025)
Owiso Makuku
Director
On filings since 2022
0.5 hrs/week
$550 (2022) → $550 (2025)
John Grenier
Director
On filings since 2023
0.5 hrs/week
$550 (2023) → $550 (2025)
Jennifer Emens-Butler
Director
On filings since 2024
0.5 hrs/week
$550 (2024) → $550 (2025)
Donna Austin-Hawley
Director
New on the 2025 filing
0.5 hrs/week
$550 (2025)
Kerin Stackpole
Vice President & Vice Chair
Director → Vice President & Vice Chair, 2025
On filings since 2021
0.5 hrs/week
$550 (2021) → $550 (2025)
Edward Sulva
Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Amy Turosak
Secretary
On filings since 2022
0.5 hrs/week
No compensation reported
Julie Therrien
Treasurer
New on the 2025 filing
0.5 hrs/week
No compensation reported
Former officers (10)
- Former: Heather Shouldice (2021–2023) — Director
- Former: Jason Grenier (2022) — Director
- Former: Cheryl LaFrance (2020–2021) — Secretary
- Former: Kim Bolduc (2020–2021) — Director
- Former: Nicole Carrigan (2020–2021) — Director
- Former: TJ Kingsbury (2020–2021) — Chair
- Former: Keith Paxton (2020) — Director
- Former: Marissa Parisi (2020) — Director
- Former: Tom Robbins (2020) — Director
- Former: Yael Friedman (2020) — Vice President & Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $550, to Donna Austin-Hawley (Director). 7 officers or directors reported compensation on that filing.
Frequently asked questions about NSB Foundation Inc
How much does NSB Foundation Inc give each year?
NSB Foundation Inc gave $116K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $191K across 8 grants.
What is NSB Foundation Inc's typical grant size?
NSB Foundation Inc's median grant in 2025 was $30,000, and its average grant was $23,200, across 5 grants on its 2025 IRS Form 990-PF.
Where does NSB Foundation Inc give grants?
NSB Foundation Inc gives mostly in Vermont: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Burlington, VT (2 grants) and Barre, VT (2 grants).
Does NSB Foundation Inc give general operating support?
Yes: 100% of NSB Foundation Inc's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are NSB Foundation Inc's largest grantees?
NSB Foundation Inc's largest 2025 grantees include Elevate Youth Services ($50,000), Vermont Professionals of Color Network ($35,000) and Champlain College ($30,000), according to its 2025 IRS Form 990-PF. Together they received 99% of its itemized 2025 grant dollars.
How large is NSB Foundation Inc?
NSB Foundation Inc reported $3.8M in total assets on its 2025 IRS Form 990-PF. It paid out $121K in qualifying distributions that year, against a required minimum of $177K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is NSB Foundation Inc's EIN?
NSB Foundation Inc's EIN (Employer Identification Number) is 31-1713065. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 23, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 23, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 23, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work NSB Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in NSB Foundation Inc's focus areas in our free grants database
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