The Nicoli Foundation
The Nicoli Foundation is a private foundation based in Lake Oswego, Oregon. Its 2023 filing describes charitable activities that include operating the Tigard Festival of Balloons to provide fundraising opportunities for local nonprofit organizations and supporting Tigard High School athletics.
Key facts about The Nicoli Foundation
In short: The Nicoli Foundation gave $58K across 11 grants in 2025 (avg $5K), mostly in Oregon. 18% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 93-1191224
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $58,168
- Grants made (2025)
- 11
- Average grant
- $5,288
- Median grant
- $2,674
- New grantees (estimate)
- 18% first-time grantees (2 of 11, 2025)
- Total assets
- $1,942,889
- Primary geography
- Oregon (100% of itemized 2025 grant dollars)
- How to apply
- The 2023 filing lists a required form verifying 501(c)(3) status, intended use, and amount requested. Full details ↓
- Deadline
- None stated.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.9M
+29.7% YoY
Annual Giving
$58K
-42.5% YoY
Grant Count
11
+10.0% YoY
Avg Grant Size
$5K
-47.7% YoY
Under IRS private-foundation payout rules, The Nicoli Foundation reported a distributable amount of $85K for 2025 — the minimum it must pay out in qualifying distributions.
Is The Nicoli Foundation open to new grantees?
18%
first-time grantees, 2025
In 2025, 2 of 11 grantees (18%) were first-time recipients. First grants averaged $17K; repeat grants $3K. How we count
Medians: $17K first-time, $2K repeat.
- 73% of 2025 grantees were also funded in 2024. Method
- In 2025 it paid out 272% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No formal mission statement is provided. The foundation states that it operates the Tigard Festival of Balloons, a family-oriented community festival, and supports Tigard High School athletics through athletic equipment purchases, travel reimbursement, and fundraising events. Its filing describes its award restrictions as cultural or recreational activities serving Tigard and greater Washington County, Oregon.
Grantmaking
In filing year 2025, the foundation reported 11 grants totaling $58,168. Grant amounts ranged from $109 to $32,000, with a median grant of $2,674. The largest grants included $32,000 to Chehalem Valley BMX for general support; $5,202 to Tigard Boosters Club Inc for general support; $5,042 to Tigard High Band Boosters to support the THS band; and $5,000 to Rotary Club of Tigard Foundation for general support.
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Geographic Focus
Where this funder awards grants
The 2023 filing specifies cultural or recreational activities serving Tigard and greater Washington County, Oregon. All grant dollars reported for filing year 2025 went to recipients in Oregon.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $6K (2023) to $101K (2024). In 2025 it made 11 grants totaling $58K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Chehalem Valley BMX ($32K). Together the top 10 received $58K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chehalem Valley BMX Newberg, OR | General Support | $32,000 |
| Tigard Boosters Club Inc Tigard, OR | General Support | $5,202 |
| Tigard High Band Boosters Tigard, OR | To Support THS Band. | $5,042 |
| Rotary Club of Tigard Foundation Tigard, OR | General Support | $5,000 |
| The Foundation for Tigard-Tualatin Schools Tigard, OR | General Support | $2,957 |
| Friends of Tigard Football Tigard, OR | General Suppor | $2,674 |
| Tigard Cert Inc Tigard, OR | General Support | $2,000 |
| Tigard Safe Grads Tigard, OR | General Support | $1,557 |
| Mountain Wave Emergency Communications Inc Clackamas, OR | General Support | $1,500 |
| Tualatin High School Athletic Booster Club Tualatin, OR | General Support | $127 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $1,942,889 | $835,284 | $452,648 | $58,168 |
| 2024 | $1,498,559 | $512,304 | $475,829 | $101,117 |
| 2023 | $1,338,106 | $486,583 | $364,022 | $5,695 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,942,889 | $1,498,559 | $1,338,106 |
| Revenue | $835,284 | $512,304 | $486,583 |
| Expenses | $452,648 | $475,829 | $364,022 |
| Qualifying Distributions | $230,713 | $101,117 | $5,695 |
| Net Investment Income | $84,512 | $59,651 | $37,668 |
| Distributable Amount | $84,772 | $65,873 | $56,677 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS January 10, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 21, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists David P Nicoli, deceased, as president and secretary; Stephanie Nanna as vice president; and Krista Britton, David Nicoli Jr, and Daniel Nicoli as directors.
The Nicoli Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Daniel Nicoli
Director
On filings since 2024
1 hr/week
No compensation reported
David Nicoli Jr.
Director
On filings since 2024
1 hr/week
No compensation reported
Krista Britton
Director
On filings since 2024
1 hr/week
No compensation reported
Stephanie Nanna
Vice President
On filings since 2019
1 hr/week
No compensation reported
Former officers (2)
- Former: David P. Nicoli (2019–2025) — President & Secretary · Filing note: Deceased
- Former: Shay Nanna (2019–2023) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: David P Nicoli
Mailing address: 2355 State Street Ste 101, Salem, OR 97301
Phone: (503) 692-6080
Frequently asked questions about The Nicoli Foundation
How much does The Nicoli Foundation give each year?
The Nicoli Foundation gave $58K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $101K across 10 grants.
What is The Nicoli Foundation's typical grant size?
The Nicoli Foundation's median grant in 2025 was $2,674, and its average grant was $5,288, across 11 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Nicoli Foundation that year got $17K on average.
Where does The Nicoli Foundation give grants?
The Nicoli Foundation gives mostly in Oregon: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Tigard, OR (8 grants).
Does The Nicoli Foundation give general operating support?
Yes: 91% of The Nicoli Foundation's 2025 grants with a stated purpose (10 of 11) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Nicoli Foundation's largest grantees?
The Nicoli Foundation's largest 2025 grantees include Chehalem Valley BMX ($32,000), Tigard Boosters Club Inc ($5,202) and Tigard High Band Boosters ($5,042), according to its 2025 IRS Form 990-PF. Together they received 73% of its itemized 2025 grant dollars.
How large is The Nicoli Foundation?
The Nicoli Foundation reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $231K in qualifying distributions that year, against a required minimum of $85K (roughly 5% of its investment assets).
What does The Nicoli Foundation fund?
No formal mission statement is provided. The foundation states that it operates the Tigard Festival of Balloons, a family-oriented community festival, and supports Tigard High School athletics through athletic equipment purchases, travel reimbursement, and fundraising events. See mission & focus areas ↑
How do I apply for a grant from The Nicoli Foundation?
The 2023 filing lists a required form verifying 501(c)(3) status, intended use, and amount requested. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Nicoli Foundation's EIN?
The Nicoli Foundation's EIN (Employer Identification Number) is 93-1191224. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching The Nicoli Foundation by hand.
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