The Nicholas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WATERBURY, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $550K in total assets. In 2024, it awarded 14 grants totaling $20K. Net investment income was $202K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$550K
+47.8% YoY
Annual Giving
$20K
-33.3% YoY
Grant Count
14
+0.0% YoY
Avg Grant Size
$1K
-33.3% YoY
Under IRS private-foundation payout rules, The Nicholas Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
About The Nicholas Foundation
Based on IRS filings
The Nicholas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WATERBURY, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $550K in total assets. In 2024, it awarded 14 grants totaling $20K. Net investment income was $202K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $550,041 | $372,276 | $402,879 |
| Revenue | $208,869 | $8,069 | $13,385 |
| Expenses | $28,920 | $38,435 | $34,250 |
| Qualifying Distributions | $22,164 | $32,067 | $26,871 |
| Net Investment Income | $201,869 | $6,486 | $6,238 |
| Distributable Amount | $24,424 | $24,880 | $26,226 |
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
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cleveland Clinic Fdn ($3,650), Project Prevention ($1,775), Salvation Army Clark City ($1,775).
| Recipient | Purpose | Amount |
|---|---|---|
| DOUBLE H HOLE IN THE WOODS RANCH LAKE LUZERNE, NY | SUPPORT PROGRAMS | $1,025 |
| PROJECT PREVENTION HARRISBURG, NC | SUPPORT PROGRAMS | $1,775 |
| CITY MISSION OF LAS VEGAS LAS VEGAS, NV | SUPPORT PROGRAMS | $750 |
| DOCTORS WITHOUT BORDERS USA INC HAGERSTOWN, MD | SUPPORT PROGRAMS | $750 |
| CLEVELAND CLINIC FDN CLEVELAND, OH | SUPPORT PROGRAMS | $3,650 |
| SALVATION ARMY CLARK CITY LAS VEGAS, NV | SUPPORT PROGRAMS | $1,775 |
| BOYS & GIRLS CLUB OF LAS VEGAS LAS VEGAS, NV | SUPPORT PROGRAMS | $1,025 |
| MAYO FOUNDATION SCOTTSDALE, AZ | SUPPORT PROGRAMS. | $1,125 |
| SAFE HOUSE HENDERSON, NV | SUPPORT PROGRAMS. | $1,400 |
| SAFE NEST SHELTER LAS VEGAS, NV | SUPPORT PROGRAMS. | $1,125 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Markwardt J Nicholas | CO-TRUSTEE | 1 | $2,405 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Nicholas Foundation?
The Nicholas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WATERBURY, CT. It holds $550K in total assets as of 2024.
How large is The Nicholas Foundation?
As of 2024, The Nicholas Foundation holds $550K in total assets with $209K in annual revenue. It awarded 14 grants totaling $20K in 2024.
Where does The Nicholas Foundation operate?
The Nicholas Foundation has awarded grants in Arizona, Florida, Illinois, Maryland, North Carolina, Nevada, New York, Ohio.
What size grants does The Nicholas Foundation award?
In 2024, The Nicholas Foundation awarded 14 grants totaling $20K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Nicholas Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Nicholas 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 Nicholas Foundation's EIN?
The Nicholas Foundation's EIN (Employer Identification Number) is 06-6485716. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Nicholas Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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