The Nicholas Foundation

Private foundation · Grantmaker Waterbury, CT EIN: 06-6485716

The Nicholas Foundation is a private foundation based in Waterbury, Connecticut. Its 2025 filing reports 13 grants totaling $30,000 to charitable organizations, with listed recipients including children’s hospitals, domestic-violence services, shelters, and other organizations.

The Nicholas Foundation at a glance

In short: The Nicholas Foundation gave $30K across 13 grants in 2025 (avg $2K), top state Nevada. 8% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$30,000
+50.0% vs 2024
Grants made (2025)
13
-7.1% vs 2024
Average grant
$2,308
+61.5% vs 2024
Median grant
$2,000
Total assets
$522,776
-5.0% vs 2024
New grantees (estimate)
8% first-time grantees (1 of 13, 2025; small sample)
Primary geography
Nevada (33% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).

How to apply to The Nicholas Foundation

Accepts unsolicited proposals
No
How to Apply

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.

Contact

Mailing address: 123 Bank Street, Waterbury, CT 06702
Phone: (203) 578-2448

Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who The Nicholas Foundation funds

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Shriners Hospitals for Children: $5KShriners Hospitals forChildren$5KMayo Foundation: $4KMayo Foundation$4KTunnel to Towers: $4KTunnel to Towers$4KCleveland Clinic Fdn: $3KCleveland Clinic Fdn$3KDouble H Hole in the Woods Ranch: $2KDouble H Hole in the WoodsRanch$2KDoctors Without Borders USA Inc: $2KDoctors Without Borders USAInc$2KSafe House: $2KSafe House$2KSafe Nest Shelter: $2KSafe Nest Shelter$2KFamily Promise: $2KFamily Promise$2KSalvation Army Clark City: $1KSalvation Army Clark City$1K

The largest 2025 recipient was Shriners Hospitals for Children ($5K). Together the top 10 received $27K.

Grant Size Distribution

70 grants across all recorded years

70<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 70 grants of 70 (100%).

Geographic Focus

Where this funder awards grants

The 2025 filing lists grant dollars going to recipients in Nevada (33%), New York (20%), Florida (17%), Arizona (13%), and Ohio (10%).

Grant Distribution by State

8states

Share of 2025 grant dollars across all 13 itemized grants.

Cities

Las VegasClevelandHagerstownHendersonLake LuzerneScottsdaleStaten IslandTampaHarrisburgEvanstonNo Las Vegas

Is The Nicholas Foundation open to new grantees?

8%

first-time grantees, 2025

In 2025, 1 of 13 grantees (8%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $1K; repeat grants $2K. How we count

Medians: $1K first-time, $2K repeat.

  • 92% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (+18%). Method
  • In 2025 it paid out 116% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K15 grants2020 15 grants2021 14 grants2022 14 grants2023 14 grants2024 13 grants2025

From 2020 to 2025, annual grant giving ranged from $20K (2024) to $32K (2021). In 2025 it made 13 grants totaling $30K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Shriners Hospitals for Children Tampa, FLSupport Programs$5,000
Mayo Foundation Scottsdale, AZSupport Programs.$4,000
Tunnel to Towers Staten Island, NYSupport Programs$4,000
Cleveland Clinic Fdn Cleveland, OHSupport Programs$3,000
Double H Hole in the Woods Ranch Lake Luzerne, NYSupport Programs$2,000
Doctors Without Borders USA Inc Hagerstown, MDSupport Programs$2,000
Safe House Henderson, NVSupport Programs.$2,000
Safe Nest Shelter Las Vegas, NVSupport Programs.$2,000
Family Promise Las Vegas, NVSupport Programs$2,000
Salvation Army Clark City Las Vegas, NVSupport Programs$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$522,776$16,566$44,270$30,00013$32,099$10,016$27,767
2024$550,041$208,869$28,920$20,00014$22,164$201,869$24,424
2023$372,276$8,069$38,435$30,00014$32,067$6,486$24,880
2022$402,879$13,385$34,250$25,50014$26,871$6,238$26,226
2021$424,176$24,945$41,477$31,50015$41,094$24,627$30,709
2020$439,906$15,323$38,064$29,50015—$14,448$27,350

Under IRS private-foundation payout rules, The Nicholas Foundation reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2025 grants include support for organizations whose stated work includes children’s health care and services to address domestic violence. Shriners Children’s describes its mission as providing compassionate, high-quality care to improve children’s lives in a family-centered and collaborative environment. S.A.F.E. House describes its work as addressing domestic violence through crisis intervention, safe shelter, counseling, advocacy, and community education.

Grantmaking

In 2025, the foundation gave $30,000 through 13 grants. Grants ranged from $1,000 to $5,000, with a median grant of $2,000.

Among the largest grants were $5,000 to Shriners Hospitals for Children in Tampa, Florida; $4,000 each to Mayo Foundation in Scottsdale, Arizona, and Tunnel to Towers in Staten Island, New York; and $3,000 to Cleveland Clinic Foundation in Cleveland, Ohio. Other listed recipients included Double H Hole in the Woods Ranch, Doctors Without Borders USA, S.A.F.E. House, Safe Nest Shelter, Family Promise, the Salvation Army Clark City, Boys & Girls Club of Las Vegas, and Shade Tree Shelter.

Leadership & Key People

Leadership team and compensation from IRS filings

Markwardt J Nicholas was listed as co-trustee on the 2025 filing.

The Nicholas Foundation is led by Markwardt J Nicholas, Co-Trustee on every filing since 2020 — the only officer listed, and compensated.

Officers on the 2025 filing

  • Markwardt J Nicholas

    Co-Trustee

    On filings since 2020

    1 hr/week

    $2K (2020) → $2K (2025)

Former officers (1)
  • Former: Webster Bank NA (2020–2022) — Co-Trustee

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.

Compensation Overview

From 2025 IRS filing

Markwardt J Nicholas — Co-Trustee: $2KMarkwardt J NicholasCo-Trustee$2K

The highest reported compensation on the 2025 filing was $2K, to Markwardt J Nicholas (Co-Trustee).

Frequently asked questions about The Nicholas Foundation

How much does The Nicholas Foundation give each year?

The Nicholas Foundation gave $30K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 14 grants.

What is The Nicholas Foundation's typical grant size?

The Nicholas Foundation's median grant in 2025 was $2,000, and its average grant was $2,308, across 13 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Nicholas Foundation that year got $1K on average.

Where does The Nicholas Foundation give grants?

The Nicholas Foundation's top state is Nevada, with 33% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (20%) and Florida (17%). The most frequent recipient cities were Las Vegas, NV (6 grants).

Does The Nicholas Foundation give general operating support?

Not in 2025: none of the 13 grants with a stated purpose on The Nicholas Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support Programs" (13 grants).

Who are The Nicholas Foundation's largest grantees?

The Nicholas Foundation's largest 2025 grantees include Shriners Hospitals for Children ($5,000), Mayo Foundation ($4,000) and Tunnel to Towers ($4,000), according to its 2025 IRS Form 990-PF. Together they received 43% of its itemized 2025 grant dollars.

How large is The Nicholas Foundation?

The Nicholas Foundation reported $523K in total assets on its 2025 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets).

What does The Nicholas Foundation fund?

No mission statement for the foundation is provided. Its 2025 grants include support for organizations whose stated work includes children’s health care and services to address domestic violence. See mission & focus areas ↑

How do I apply for a grant from The Nicholas Foundation?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

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 2020–2025.

Does The Nicholas Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Nicholas Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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