Nu Lambda Foundation
Nu Lambda Foundation is a private foundation focused on Education, based in Evansville, IN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $211K in total assets. In 2025, it made $60 in qualifying distributions. Net investment income was $5.
Nu Lambda Foundation at a glance
- Total assets
- $211,000
- -0.0% vs 2024
- Revenue (2025)
- $5
- -100.0% vs 2024
- Qualifying distributions (2025)
- $60
- -99.7% vs 2024
- Expenses (2025)
- $60
- -99.7% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Nu Lambda Foundation funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Nu Lambda Foundation gives
- In 2025 it paid out 1% 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 2021 to 2023, annual grant giving ranged from $450 (2023) to $650 (2021). In 2023 it made 1 grant totaling $450.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $450 |
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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 | $211,000 | $5 | $60 | — | — | $60 | $5 | $10,393 |
| 2024 | $211,056 | $65,540 | $18,428 | — | — | $18,428 | $56,120 | $8,132 |
| 2023 | $163,944 | $21,707 | $15,540 | $450 | 1 | $15,540 | $8 | $7,922 |
| 2022 | $157,777 | $4,077 | $6,665 | — | — | $6,584 | $6 | $5,370 |
| 2021 | $128,005 | $7 | $13,554 | $650 | 1 | — | $7 | $6,966 |
Under IRS private-foundation payout rules, Nu Lambda Foundation reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Nu Lambda Foundation is led by Brian Deardurff, Chairman on every filing since 2021; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Brian Deardurff
Chairman
On filings since 2021
3 hrs/week
No compensation reported
Bart Burke
Vice Chairman
On filings since 2021
2 hrs/week
No compensation reported
Joseph Spencer
Secretary
On filings since 2021
1 hr/week
No compensation reported
Shawn Heneisen
Treasurer
On filings since 2021
4 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Nu Lambda Foundation
How large is Nu Lambda Foundation?
Nu Lambda Foundation reported $211K in total assets on its 2025 IRS Form 990-PF. It paid out $60 in qualifying distributions that year, against a required minimum of $10K (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 Nu Lambda Foundation?
Nu Lambda Foundation is a private foundation focused on Education, based in Evansville, IN. It holds $211K in total assets as of 2025.
Where does Nu Lambda Foundation operate?
Nu Lambda Foundation has awarded grants in Indiana.
What is Nu Lambda Foundation's EIN?
Nu Lambda Foundation's EIN (Employer Identification Number) is 82-3407424. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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Figures come from Nu Lambda Foundation'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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