Raymond Bruce Vere Nicoll Polo
Raymond Bruce Vere Nicoll Polo is a private foundation focused on Education, based in Charlottesville, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $764K in total assets. In 2025, it awarded 4 grants totaling $30K.
Raymond Bruce Vere Nicoll Polo at a glance
In short: Raymond Bruce Vere Nicoll Polo gave $30K across 4 grants in 2025 (avg $8K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,000
- -46.4% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $7,500
- -46.4% vs 2024
- Median grant
- $7,500
- Total assets
- $763,975
- +9.6% vs 2024
- Primary geography
- Virginia (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 Raymond Bruce Vere Nicoll Polo funds
How this funder distributes its grants
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Raymond Bruce Vere Nicoll Polo gives
- Giving grew 24% from 2022 to 2025. Method
- In 2025 it paid out 90% 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 $16K (2020) to $56K (2024). In 2025 it made 4 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 individual scholarships Recipients not named | — | $30,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $763,975 | — | $37,348 | $30,000 | 4 | $32,344 | $35,846 |
| 2024 | $696,892 | — | $66,946 | $56,000 | 4 | $58,226 | $34,763 |
| 2023 | $699,146 | — | $30,273 | $22,000 | 3 | $23,101 | $34,620 |
| 2022 | $698,178 | — | $30,476 | $24,250 | 4 | $25,025 | $35,999 |
| 2021 | $797,778 | $2,000 | $28,529 | $22,250 | 3 | $23,376 | $36,873 |
| 2020 | $646,563 | $3,149 | $21,388 | $16,399 | 3 | — | $27,458 |
Under IRS private-foundation payout rules, Raymond Bruce Vere Nicoll Polo reported a distributable amount of $36K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Raymond Bruce Vere Nicoll Polo is led by Joel Gibbons, Trustee & Chair since 2023 (on filings since 2020); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joel Gibbons
Trustee & Chair
Trustee & Chai → Trustee & Chair, 2023
On filings since 2020
No compensation reported
Jeffrey Schlesinger
Trustee
On filings since 2020
No compensation reported
Jessica Schmidt
Trustee
On filings since 2020
No compensation reported
Marina Vere Nicoll
Trustee
On filings since 2020
No compensation reported
Roderick Vere Nicoll
Trustee
On filings since 2020
No compensation reported
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.
Frequently asked questions about Raymond Bruce Vere Nicoll Polo
How much does Raymond Bruce Vere Nicoll Polo give each year?
Raymond Bruce Vere Nicoll Polo gave $30K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $56K across 4 grants.
What is Raymond Bruce Vere Nicoll Polo's typical grant size?
Raymond Bruce Vere Nicoll Polo's median grant in 2025 was $7,500, and its average grant was $7,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Raymond Bruce Vere Nicoll Polo give grants?
Raymond Bruce Vere Nicoll Polo gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Raymond Bruce Vere Nicoll Polo give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Raymond Bruce Vere Nicoll Polo's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Tuition Scholarship" (4 grants).
How large is Raymond Bruce Vere Nicoll Polo?
Raymond Bruce Vere Nicoll Polo reported $764K in total assets on its 2025 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $36K (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 Raymond Bruce Vere Nicoll Polo?
Raymond Bruce Vere Nicoll Polo is a private foundation focused on Education, based in Charlottesville, VA. It holds $764K in total assets as of 2025.
What is Raymond Bruce Vere Nicoll Polo's EIN?
Raymond Bruce Vere Nicoll Polo's EIN (Employer Identification Number) is 27-1731933. 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 June 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 25, 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
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