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Travis Nt Olson & Lucile Olson Foundation is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2023. The principal officer is Bank Of America Na Ttee. It holds total assets of $4.8M. Annual income is reported at $1M. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Travis Nt Olson & Lucile Olson Foundation has made 3 grants totaling $209K, with a median grant of $61K. Annual giving has grown from $51K in 2021 to $97K in 2023. Individual grants have ranged from $51K to $97K, with an average award of $70K. Grant recipients are concentrated in Michigan. 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.
Travis Nt Olson & Lucile Olson 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 MI.
Travis Nt Olson & Lucile Olson Foundation has distributed a total of $209K across 3 grants. The median grant size is $61K, with an average of $70K. Individual grants have ranged from $51K to $97K.
Travis Nt Olson & Lucile Olson Foundation typically selects its grantees rather than accepting unsolicited proposals.
Travis Nt Olson & Lucile Olson Foundation is headquartered in PENNINGTON, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | TRUSTEE | $65K | $0 | $65K |
Total Giving
$166K
Total Assets
$4.6M
Fair Market Value
$5.1M
Net Worth
$4.6M
Grants Paid
$97K
Contributions
N/A
Net Investment Income
$104K
Distribution Amount
$233K
Total: $2.5M
Total Grants
3
Total Giving
$209K
Average Grant
$70K
Median Grant
$61K
Unique Recipients
1
Most Common Grant
$51K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Northwestern Michigan College FoundationGENERAL OPERATING | Traverse City, MI | $97K | 2023 |