The Lynda and Tom C Nichols Foundation

DALLAS, TX EIN: 82-3543489

The Lynda and Tom C Nichols Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $510K in total assets. In 2024, it awarded 4 grants totaling $28K. Net investment income was $23K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$510K

-1.1% YoY

Annual Giving

$28K

+330.8% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$7K

+223.1% YoY

Under IRS private-foundation payout rules, The Lynda and Tom C Nichols Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.

About The Lynda and Tom C Nichols Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $101K (100%)

States

Texas

Cities

DallasDimmittFort WorthLubbockPlanoProsperTulia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$509,787	$515,621	$511,638
Revenue	$22,513	$10,831	$25,047
Expenses	$28,347	$6,848	$20,068
Qualifying Distributions	$28,000	$6,500	$20,000
Net Investment Income	$22,513	$10,831	$25,047
Distributable Amount	$23,957	$17,755	$19,282

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Genesis Women's Shelter Support ($15,000), Emily's Place ($7,500), Tulia Cemetery Association ($5,000).

Recipient	Purpose	Amount
TULIA CEMETERY ASSOCIATION TULIA, TX	CHARITABLE SUPPORT	$5,000
LUBBOCK CHRISTIAN SCHOOL LUBBOCK, TX	CHARITABLE SUPPORT	$500
EMILY'S PLACE PLANO, TX	CHARITABLE SUPPORT	$7,500
GENESIS WOMEN'S SHELTER SUPPORT DALLAS, TX	CHARITABLE SUPPORT	$15,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
TOM C NICHOLS	President	2	—
LYNDA NICHOLS	Vice-Pres	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Lynda and Tom C Nichols Foundation?

The Lynda and Tom C Nichols Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $510K in total assets as of 2024.

How large is The Lynda and Tom C Nichols Foundation?

As of 2024, The Lynda and Tom C Nichols Foundation holds $510K in total assets with $23K in annual revenue. It awarded 4 grants totaling $28K in 2024.

Where does The Lynda and Tom C Nichols Foundation operate?

The Lynda and Tom C Nichols Foundation has awarded grants in Texas.

What size grants does The Lynda and Tom C Nichols Foundation award?

In 2024, The Lynda and Tom C Nichols Foundation awarded 4 grants totaling $28K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is The Lynda and Tom C Nichols Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lynda and Tom C Nichols Foundation reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Lynda and Tom C Nichols Foundation's EIN?

The Lynda and Tom C Nichols Foundation's EIN (Employer Identification Number) is 82-3543489. IRS Form 990 filing data is available on this page for 2020–2024.