The Nickel Foundation
The Nickel Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2019 through 2024. In 2024, it awarded 1 grant totaling $243K.
The Nickel Foundation at a glance
In short: The Nickel Foundation gave $243K across 1 grant in 2024 (avg $243K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $243,336
- +74.9% vs 2023
- Grants made (2024)
- 1
- -87.5% vs 2023
- Average grant
- $243,336
- +1298.8% vs 2023
- Median grant
- $243,336
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Nickel Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Bank of America ($243K).
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 68 grants of 71 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Nickel Foundation gives
- Giving grew 1380% from 2021 to 2024. Method
- In 2024 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
From 2019 to 2024, annual grant giving ranged from $16K (2021) to $243K (2024). In 2024 it made 1 grant totaling $243K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bank of America Boston, MA | Transferred Assets to Donor Advised Fund | $243,336 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | $243,336 | $243,336 | 1 | $243,336 | — | $5,864 |
| 2023 | $189,352 | $58,787 | $141,876 | $139,164 | 8 | $139,164 | $58,787 | $13,797 |
| 2022 | $272,441 | $36,385 | $161,661 | $155,653 | 18 | $155,653 | $36,385 | $21,311 |
| 2021 | $397,717 | $13,473 | $18,916 | $16,447 | 15 | — | $11,602 | $19,847 |
| 2019 | $412,984 | $24,978 | $66,107 | $61,330 | 29 | — | $23,096 | $23,229 |
Under IRS private-foundation payout rules, The Nickel Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Nickel Foundation is led by Dana Nickel, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Dana Nickel
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Nickel Foundation
How much does The Nickel Foundation give each year?
The Nickel Foundation gave $243K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $139K across 8 grants.
Where does The Nickel Foundation operate?
The Nickel Foundation has awarded grants in California, Colorado, Connecticut, District of Columbia, Illinois, Indiana, Massachusetts, Michigan, Missouri, New Jersey, New York, Oregon, Pennsylvania, Virginia, Washington.
How much is The Nickel Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Nickel Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Nickel Foundation's EIN?
The Nickel Foundation's EIN (Employer Identification Number) is 06-1563331. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 14, 2020)
- IRS filings on file for fiscal years 2021–2024
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Browse active grant opportunities in The Nickel Foundation's focus areas in our free grants database
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Figures come from The Nickel 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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