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Also known as: FOUNDATION
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Francis T & Louise T Nichols Foundation is a private trust based in BANGOR, ME. The foundation received its IRS ruling in 1995. It holds total assets of $20.8M. Annual income is reported at $5.2M. Total assets have grown from $16M in 2011 to $22.3M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. According to available records, Francis T & Louise T Nichols Foundation has made 3 grants totaling $16K, with a median grant of $5K. Annual giving has decreased from $8K in 2020 to $3K in 2023. Individual grants have ranged from $3K to $8K, with an average award of $5K. Grant recipients are concentrated in Maine. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Francis T & Louise T Nichols Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in ME.
Francis T & Louise T Nichols Foundation has distributed a total of $16K across 3 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $3K to $8K.
The application deadline is DECEMBER 1ST.. Maine and vermont are priorities.
Francis T & Louise T Nichols Foundation is headquartered in BANGOR, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nathaniel S Putnam | TRUSTEE | $135K | $0 | $135K |
| William Nichols | TRUSTEE | $0 | $0 | N/A |
| Susan Thibault | TRUSTEE | $0 | $0 | N/A |
Total Giving
$2.4M
Total Assets
$22.3M
Fair Market Value
$45.4M
Net Worth
$22.3M
Grants Paid
$2.1M
Contributions
N/A
Net Investment Income
$5.8M
Distribution Amount
$2M
Total: $18.7M
Total Grants
3
Total Giving
$16K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
1
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Maine Maritime MuseumDONATION | Bath, ME | $3K | 2023 |