The Nichols Foundation Inc
The Nichols Foundation Inc is a private foundation, based in Belcamp, MD. IRS filing data is available from 2020 through 2023. In 2023, it awarded 2 grants totaling $33K.
The Nichols Foundation Inc at a glance
In short: The Nichols Foundation Inc gave $33K across 2 grants in 2023 (avg $17K), mostly in Maryland. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $33,499
- Grants made (2023)
- 2
- Average grant
- $16,750
- Median grant
- $16,750
- Primary geography
- Maryland (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who The Nichols Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
The largest 2023 recipient was Elaine G Nichols Foundation Inc ($33K). Together the top 2 received $33K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 2 itemized grants.
States
Cities
How The Nichols Foundation Inc gives
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). 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
In 2023 it made 2 grants totaling $33K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Elaine G Nichols Foundation Inc Belcamp, MD | To Further Organization's Exempt Purpose | $32,999 |
| Art League of Ocean City Ocean City, MD | To Further Organization's Exempt Purpose | $500 |
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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 |
|---|---|---|---|---|---|---|---|
| 2023 | — | — | $35,119 | $33,499 | 2 | $33,499 | $1,467 |
| 2022 | $35,119 | $35,000 | $750 | — | — | — | $79 |
| 2021 | $869 | $1,000 | $250 | — | — | — | $7 |
| 2020 | $119 | — | — | — | — | — | $6 |
Under IRS private-foundation payout rules, The Nichols Foundation Inc reported a distributable amount of $1K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Nichols Foundation Inc is led by Raymond C. Nichols, President & Director on every filing since 2020; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Raymond C. Nichols
President & Director
On filings since 2020
0.3 hrs/week
No compensation reported
R. Charles Nichols
Vice President & Director
On filings since 2020
0.3 hrs/week
No compensation reported
S. Michelle Nichols-Neff
Secretary, Treasurer & Director
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "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 The Nichols Foundation Inc
How much does The Nichols Foundation Inc give each year?
The Nichols Foundation Inc gave $33K across 2 grants in 2023, according to its 2023 IRS Form 990-PF.
Where does The Nichols Foundation Inc operate?
The Nichols Foundation Inc has awarded grants in Maryland.
How much is The Nichols Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Nichols Foundation Inc reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Nichols Foundation Inc's EIN?
The Nichols Foundation Inc's EIN (Employer Identification Number) is 30-0032234. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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