Travis NT Lucille Olson Fdn
Travis NT Lucille Olson Fdn is a private foundation, based in Pennington, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 1 grant totaling $146K. Net investment income was $355K.
Travis NT Lucille Olson Fdn at a glance
In short: Travis NT Lucille Olson Fdn gave $146K across 1 grant in 2024 (avg $146K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $146,312
- +50.2% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $146,312
- +50.2% vs 2023
- Median grant
- $146,312
- Total assets
- $4,769,995
- +3.8% vs 2023
- Primary geography
- Michigan (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 Travis NT Lucille Olson Fdn funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Northwestern Michigan College ($146K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $50–100K range: 3 grants of 4 (75%).
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 Travis NT Lucille Olson Fdn gives
- Giving grew 188% from 2021 to 2024. Method
- In 2024 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2024, annual grant giving ranged from $51K (2021) to $146K (2024). In 2024 it made 1 grant totaling $146K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern Michigan College Traverse City, MI | General Operating | $146,312 |
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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 | $4,769,995 | $390,447 | $222,902 | $146,312 | 1 | $190,375 | $354,802 | $260,828 |
| 2023 | $4,593,786 | $-244,476 | $166,324 | $97,385 | 1 | $137,420 | $103,832 | $233,155 |
| 2022 | $4,964,886 | $11,374 | $147,749 | $61,187 | 1 | $108,484 | $62,883 | $240,293 |
| 2021 | $5,045,511 | $402,801 | $153,389 | $50,774 | 1 | $97,771 | $367,960 | $275,886 |
Under IRS private-foundation payout rules, Travis NT Lucille Olson Fdn reported a distributable amount of $261K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Travis NT Lucille Olson Fdn's only listed officer is Bank Of America N A, Trustee on every filing since 2021 (compensated).
Officers on the 2024 filing
Bank Of America N A
Trustee
On filings since 2021
2 hrs/week
$78K (2021) → $73K (2024)
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $73K, to Bank of America N a (Trustee).
Frequently asked questions about Travis NT Lucille Olson Fdn
How much does Travis NT Lucille Olson Fdn give each year?
Travis NT Lucille Olson Fdn gave $146K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $97K across 1 grant.
How large is Travis NT Lucille Olson Fdn?
Travis NT Lucille Olson Fdn reported $4.8M in total assets on its 2024 IRS Form 990-PF. It paid out $190K in qualifying distributions that year, against a required minimum of $261K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Travis NT Lucille Olson Fdn operate?
Travis NT Lucille Olson Fdn has awarded grants in Michigan.
What is Travis NT Lucille Olson Fdn's EIN?
Travis NT Lucille Olson Fdn's EIN (Employer Identification Number) is 30-6677493. IRS Form 990 filing data is available on this page for 2021–2024.
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 2021–2024
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