Nulsen Family Foundation Inc
Nulsen Family Foundation Inc is a private foundation based in Bethesda, Maryland. It supports charitable organizations through grants; its 2024 filing states that it contributes only to preselected organizations and does not accept unsolicited requests for funds.
Key facts about Nulsen Family Foundation Inc
In short: Nulsen Family Foundation Inc gave $214K across 15 grants in 2024 (avg $14K), mostly in Massachusetts. 53% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-0448228
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $213,500
- Grants made (2024)
- 15
- Average grant
- $14,233
- Median grant
- $2,500
- New grantees (estimate)
- 53% first-time grantees (8 of 15, 2024; small sample)
- Total assets
- $735,241
- Primary geography
- Massachusetts (56% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$735K
+6.1% YoY
Annual Giving
$214K
-53.4% YoY
Grant Count
15
+50.0% YoY
Avg Grant Size
$14K
-69.0% YoY
Under IRS private-foundation payout rules, Nulsen Family Foundation Inc reported a distributable amount of $188K for 2024 — the minimum it must pay out in qualifying distributions.
Is Nulsen Family Foundation Inc open to new grantees?
53%
first-time grantees, 2024
In 2024, 8 of 15 grantees (53%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $4K; repeat grants $26K. How we count
Medians: $3K first-time, $15K repeat.
- 40% of 2024 grantees were also funded in 2023. Method
- Giving fell 60% from 2021 to 2024. Method
- In 2024 it paid out 114% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations including schools and colleges, community and social-service organizations, and an adaptive sports organization. For example, Babson College describes its mission as educating entrepreneurial leaders who impact communities, while Community of Hope says it works to improve health, end homelessness, and partner with communities in Washington, DC. Wasatch Adaptive Sports says it empowers people with disabilities through outdoor recreation.
Grantmaking
In 2024, the foundation made 15 grants totaling $213,500. Grant amounts ranged from $500 to $120,000, with a median grant of $2,500. Its largest grants included $120,000 to Babson College, $25,000 to New Community Foundation, $15,000 each to Episcopal High School and Keewaydin Foundation, and $10,000 each to City Kids Wilderness Project and Community of Hope. The listed grants were described as unrestricted support for each recipient’s exempt purpose.
How to Apply
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
Ready to take the next step with Nulsen Family Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars went to recipients in several states and the District of Columbia: Massachusetts received 56%, DC 22%, Maryland 9%, Vermont 7%, and Utah 2%. Listed recipients also included organizations in Connecticut, Ohio, and Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 15 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $214K (2024) to $537K (2021). In 2024 it made 15 grants totaling $214K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Babson College ($120K). Together the top 10 received $208K.
Grant Size Distribution
58 grants across all recorded years
The most common grant size was under $50K: 52 grants of 58 (90%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Babson College Babson Park, MA | Unrestricted Grant to Support the Organization's Exempt Purpose | $120,000 |
| New Community Foundation Washington, DC | Unrestricted Grant to Support the Organization's Exempt Purpose | $25,000 |
| Episcopal High School Severn, MD | Unrestricted Grant to Support the Organization's Exempt Purpose | $15,000 |
| Keewaydin Foundation Salisbury, VT | Unrestricted Grant to Support the Organization's Exempt Purpose | $15,000 |
| City Kids Wilderness Project Washington, DC | Unrestricted Grant to Support the Organization's Exempt Purpose | $10,000 |
| Community of Hope Washington, DC | Unrestricted Grant to Support the Organization's Exempt Purpose | $10,000 |
| Wasatch Adaptive Sports Snowbird, UT | Unrestricted Grant to Support the Organization's Exempt Purpose | $5,000 |
| Loomis Chaffee Annual Fund Windsor, CT | Unrestricted Grant to Support the Organization's Exempt Purpose | $2,500 |
| Bullis School Potomac, MD | Unrestricted Grant to Support the Organization's Exempt Purpose | $2,500 |
| St Albans School Washington, DC | Unrestricted Grant to Support the Organization's Exempt Purpose | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $735,241 | $257,481 | $220,102 | $213,500 |
| 2023 | $693,112 | −$133,822 | $461,764 | $458,500 |
| 2022 | $1,310,705 | $238,004 | $476,813 | $457,000 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $735,241 | $693,112 | $1,310,705 |
| Revenue | $257,481 | $-133,822 | $238,004 |
| Expenses | $220,102 | $461,764 | $476,813 |
| Qualifying Distributions | $215,500 | $458,500 | $457,000 |
| Net Investment Income | $252,887 | $55,761 | $232,347 |
| Distributable Amount | $188,303 | $170,230 | $167,643 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Charles K Nulsen III as director, president, and treasurer, and Joann K Nulsen as director, vice president, and secretary.
Nulsen Family Foundation Inc is led by Charles K. Nulsen III, Director, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Charles K. Nulsen III
Director, President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Joann K. Nulsen
Director, V President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 4719 Hampden Lane 3Rd Floor, Bethesda, MD 20814-2909
Phone: (240) 482-8110
Frequently asked questions about Nulsen Family Foundation Inc
How much does Nulsen Family Foundation Inc give each year?
Nulsen Family Foundation Inc gave $214K across 15 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $459K across 10 grants.
What is Nulsen Family Foundation Inc's typical grant size?
Nulsen Family Foundation Inc's median grant in 2024 was $2,500, and its average grant was $14,233, across 15 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Nulsen Family Foundation Inc that year got $4K on average.
Where does Nulsen Family Foundation Inc give grants?
Nulsen Family Foundation Inc gives mostly in Massachusetts: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were District of Columbia (22%) and Maryland (9%). The most frequent recipient cities were Washington, DC (4 grants).
Does Nulsen Family Foundation Inc give general operating support?
Yes: 100% of Nulsen Family Foundation Inc's 2024 grants with a stated purpose (15 of 15) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Nulsen Family Foundation Inc's largest grantees?
Nulsen Family Foundation Inc's largest 2024 grantees include Babson College ($120,000), New Community Foundation ($25,000) and Episcopal High School ($15,000), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is Nulsen Family Foundation Inc?
Nulsen Family Foundation Inc reported $735K in total assets on its 2024 IRS Form 990-PF. It paid out $216K in qualifying distributions that year, against a required minimum of $188K (roughly 5% of its investment assets).
What does Nulsen Family Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations including schools and colleges, community and social-service organizations, and an adaptive sports organization. See mission & focus areas ↑
How do I apply for a grant from Nulsen Family Foundation Inc?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Nulsen Family Foundation Inc's EIN?
Nulsen Family Foundation Inc's EIN (Employer Identification Number) is 20-0448228. IRS Form 990 filing data is available on this page for 2020–2024.
Does Nulsen Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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