The Kestrel Foundation
The Kestrel Foundation is a private foundation established in 1998, based in Florham Park, New Jersey. The foundation is also known as the Armstrong-Nickoll Family Foundation or Armstrong Nickoll Family Foundation. It operates as a 501(c)(3) nonprofit organization with no employees and focuses on general unrestricted grantmaking to qualified organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.7M
-1.3% YoY
Annual Giving
$967K
+150.0% YoY
Grant Count
56
-8.2% YoY
Avg Grant Size
$17K
+172.3% YoY
Mission & Focus Areas
The Kestrel Foundation primarily funds general unrestricted grants to organizations across multiple sectors. Based on recent grantmaking activity, the foundation supports organizations working in education, human services, and international humanitarian causes.
Grantmaking
The foundation made 58 grants in 2023, with a total giving amount of $967,100. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Connecticut, New York, and the District of Columbia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $13,855,671
- Total Revenues: $240,888
- Total Expenses: $798,654
- Investment Income and Dividends: $153,060
- Total Grants, Contributions, etc.: $0
As of 2024 (most recent IRS 990 filing):
- Total Assets: $13,670,245
- Total Giving: $967,100
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,670,245 | $13,855,671 | $13,759,493 |
| Revenue | $807,876 | $240,888 | $83,595 |
| Expenses | $1,099,614 | $798,654 | $731,737 |
| Qualifying Distributions | $980,818 | $407,739 | $530,506 |
| Net Investment Income | $672,447 | $124,780 | $461,616 |
| Distributable Amount | $668,675 | $640,409 | $649,687 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BENJAMIN E NICKOLL | TRUSTEE | 2 | — |
| CHRISTINE M ARMSTRONG | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Russel R Taylor Foundation
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Assets
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Total Given
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Nancy a Larson Foundation Inc
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Assets
$9K
Grants
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Total Given
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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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