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Nelnet Foundation is a private corporation based in LINCOLN, NE. The foundation received its IRS ruling in 2005. The principal officer is Scott Gubbels. It holds total assets of $15.6M. Annual income is reported at $3.2M. Total assets have grown from $4.8M in 2011 to $16.6M in 2023. The foundation is governed by 11 officers and trustees. Established in 2004 to help Nelnet live out its core value of giving back to the communities in which we live and work. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Lincoln, Nebraska, Southeast Nebraska and Communities where Nelnet operates. According to available records, Nelnet Foundation has made 5 grants totaling $15.6M, with a median grant of $3.3M. The foundation has distributed between $2.2M and $7.1M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $7.1M distributed across 2 grants. Individual grants have ranged from $2.2M to $3.6M, with an average award of $3.1M. Grant recipients are concentrated in Nebraska. Contributions to this foundation are tax-deductible.
Developing a pathway to achievement and prosperity through the power of education, including scholarships
Connecting youth with unique opportunities to learn, grow, and unlock their potential
Building essential connections with those who need help in local communities
Matches employee donations at 3:1 for schools and 1:1 for charities
Established in 2004 to help Nelnet live out its core value of giving back to the communities in which we live and work. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NE.
Nelnet Foundation has distributed a total of $15.6M across 5 grants. The median grant size is $3.3M, with an average of $3.1M. Individual grants have ranged from $2.2M to $3.6M.
The application deadline is SEE ATTACHED APPLICATIONS. See attached applications.
Nelnet Foundation is headquartered in LINCOLN, NE. The foundation primarily funds organizations in Lincoln, Nebraska, Southeast Nebraska, Communities where Nelnet operates.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Graff | DIRECTOR | $0 | $0 | N/A |
| Kimberly Rath | DIRECTOR | $0 | $0 | N/A |
| Kathy Farrell | DIRECTOR | $0 | $0 | N/A |
| Thomas E Henning | DIRECTOR | $0 | $0 | N/A |
| Bill Munn | SECRETARY | $0 | $0 | N/A |
| James P Abel | DIRECTOR | $0 | $0 | N/A |
| Jim Kruger | VICE PRESIDENT, TREASURER | $0 | $0 | N/A |
| Ben Kiser | PRESIDENT | $0 | $0 | N/A |
| Joann Martin | DIRECTOR | $0 | $0 | N/A |
| Preeta D Bansal | DIRECTOR | $0 | $0 | N/A |
| William Cintani | DIRECTOR | $0 | $0 | N/A |
Total Giving
$3.6M
Total Assets
$16.6M
Fair Market Value
$24.9M
Net Worth
$15.8M
Grants Paid
$3.5M
Contributions
$2.7M
Net Investment Income
$1.3M
Distribution Amount
$1.2M
Total: $11.8M
Total Grants
5
Total Giving
$15.6M
Average Grant
$3.1M
Median Grant
$3.3M
Unique Recipients
1
Most Common Grant
$3.6M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| SeeSEE ATTACHMENT 23 & 24 | Lincoln, NE | $3M | 2023 |