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Frank C & Christel W Nichols Ch Fd is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 1985. The principal officer is % Fiduc Trust Co Tt. It holds total assets of $4.5M. Annual income is reported at $387K. THIS IS A PERPETUAL CHARITABLE TRUST. THE BENEFICIARIES ARE PEABODY ESSEX MUSEUM, KINGS CHAPEL AND SALEM HOSPITAL. According to available records, Frank C & Christel W Nichols Ch Fd has made 12 grants totaling $1.1M, with a median grant of $83K. Annual giving has grown from $260K in 2020 to $402K in 2023. Grantmaking activity was highest in 2022 with $480K distributed across 6 grants. Individual grants have ranged from $40K to $201K, with an average award of $95K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
THIS IS A PERPETUAL CHARITABLE TRUST. THE BENEFICIARIES ARE PEABODY ESSEX MUSEUM, KINGS CHAPEL AND SALEM HOSPITAL.
Expenses: $260K
THIS IS A PERPETUAL CHARITABLE TRUST. THE BENEFICIARIES ARE PEABODY ESSEX MUSEUM, KINGS CHAPEL AND SALEM HOSPITAL. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in MA.
Frank C & Christel W Nichols Ch Fd has distributed a total of $1.1M across 12 grants. The median grant size is $83K, with an average of $95K. Individual grants have ranged from $40K to $201K.
Frank C & Christel W Nichols Ch Fd typically selects its grantees rather than accepting unsolicited proposals.
Frank C & Christel W Nichols Ch Fd is headquartered in BOSTON, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Fiduciary Trust Company | TRUSTEE | $35K | $0 | $35K |
Total Giving
$442K
Total Assets
$4.6M
Fair Market Value
$6M
Net Worth
$4.6M
Grants Paid
$402K
Contributions
$0
Net Investment Income
$334K
Distribution Amount
$278K
Total: $2.7M
Total Grants
12
Total Giving
$1.1M
Average Grant
$95K
Median Grant
$83K
Unique Recipients
3
Most Common Grant
$40K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Peabody & Essex MuseumGENERAL PURPOSES | Salem, MA | $201K | 2023 |
| Salem HospitalGENERAL PURPOSES | Salem, MA | $134K | 2023 |
| King'S ChapelGENERAL PURPOSES | Boston, MA | $67K | 2023 |
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