The Nichols Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELCAMP, MD. IRS filing data is available from 2020 through 2023. In 2023, it awarded 2 grants totaling $33K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$33K
Grant Count
2
Avg Grant Size
$17K
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.
About The Nichols Foundation Inc
Based on IRS filings
The Nichols Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELCAMP, MD. IRS filing data is available from 2020 through 2023. In 2023, it awarded 2 grants totaling $33K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $35,119 | $869 |
| Revenue | — | $35,000 | $1,000 |
| Expenses | $35,119 | $750 | $250 |
| Qualifying Distributions | $33,499 | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,467 | $79 | $7 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Elaine G Nichols Foundation Inc ($32,999), Art League of Ocean City ($500).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAYMOND C NICHOLS | PRESIDENT/DIRECTOR | 0.25 | — |
| R CHARLES NICHOLS | VICE PRESIDENT/DIRECTOR | 0.25 | — |
| S MICHELLE NICHOLS-NEFF | SECRETARY/TREASURER/DIRECT | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Nichols Foundation Inc?
The Nichols Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELCAMP, MD. It holds — in total assets as of 2023.
Where does The Nichols Foundation Inc operate?
The Nichols Foundation Inc has awarded grants in Maryland.
What size grants does The Nichols Foundation Inc award?
In 2023, The Nichols Foundation Inc awarded 2 grants totaling $33K — an average of about $17K per grant, based on its IRS Form 990 filings.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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