Nikolaus Family Foundation

The Nikolaus Family Foundation is a private independent foundation in the United States, classified under the National Taxonomy of Exempt Entities (NTEE) as a philanthropy, voluntarism, and grantmaking foundation[1]. The foundation does not have a publicly available website.

Overview

The foundation's mission is focused on charitable activities, though specific details about its goals and objectives are not readily available. It is designated as a tax-exempt organization, making donations to the foundation tax-deductible[1].

Financial Profile

As of the fiscal year ending December 2023, the Nikolaus Family Foundation reported a revenue of $122,000, primarily from dividends. The foundation's expenses totaled $142,000, with the majority allocated to charitable disbursements. It holds total assets of approximately $2.75 million and has no liabilities[1].

In previous years, such as 2015, the foundation's revenue included contributions and interest income in addition to dividends. That year, contributions made up nearly 60% of its revenue, with dividends accounting for about 38%[1].

Governance

The foundation is governed by a board of trustees, who receive no compensation for their roles. Key trustees include Ann Nikolaus, Paul J. Nikolaus III, John M. Nikolaus, and Lauren Zink[1].

Activities

The Nikolaus Family Foundation engages in grantmaking activities, providing financial support to various charitable causes. In 2023, it awarded $136,680 in grants across six separate awards[5]. Over recent years, the number of grants has varied significantly, with as few as eight awards in 2020 and as many as fifteen in 2022[5]. Specific recipients of these grants are not detailed in publicly available records.

[1] https://projects.propublica.org/nonprofits/organizations/256823641 [2] https://www.rememberingnicholasfoundation.com [3] https://fconline.foundationcenter.org/fdo-grantmaker-profile?key=NICH037 [4] https://fconline.foundationcenter.org/fdo-grantmaker-profile/?key=NICH034 [5] https://www.instrumentl.com/990-report/nikolaus-family-foundation