Nicklas Family Foundation

Organization Overview

Nicklas Family Foundation is located in Palm Beach, FL. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicklas Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Nicklas Family Foundation generated $342.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $210.6k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Nicklas Family Foundation has awarded 56 individual grants totaling $1,551,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDATION MAKES CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS SELECTED BY THE DIRECTOR OF THE FOUNDATION. ITS PURPOSE IS TO PROVIDE FINANCIAL ASSISTANCE TO OTHER NON PROFIT ORGANIZATIONS. DISTRIBUTIONS ARE MADE IN ORDER TO SATISFY THE REQUIREMENTS OF IRC SECTION 4942. IN ADDITION, THE TRUSTEE MAY MAKE DISTRIBUTIONS IN EXCESS OF THOSE REQUIRED BY SECTION 4942 FROM TIME TO TIME.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $46,624
Net Rental Income$0
Net Gain on Sale of Assets $290,983
Capital Gain Net Income $290,983
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $5,000
Total Revenue $342,607

Grants Awarded

Over the last fiscal year, Nicklas Family Foundation has awarded $200,000 in support to 7 organizations.

Grant RecipientAmount

AMERICAN ENTERPRISE INSTITUTION

PURPOSE: PROVIDE FINANCIAL SUPPORT TO AMERICAN ENTERPRISE INSTITUTION

$50,000

DIFFERENT & ABLE FOUNDATION

PURPOSE: PROVIDE FINANCIAL SUPPORT TO DIFFERENT & ABLE FOUNDATION

$40,000

NEW YORK UNIVERSITY

PURPOSE: PROVIDE FINANCIAL SUPPORT TO NEW YORK UNIVERSITY

$25,000

WEILL CORNELL MEDICAL COLLEGE

PURPOSE: PROVIDE FINANCIAL SUPPORT TO DR. LEIFER STROKE RESEARCH IN WEILL CORNELL MEDICAL COLLEGE

$25,000

STANFORD HOOVER INSTITUTION

PURPOSE: PROVIDE FINANCIAL SUPPORT TO STANDFORD HOOVER INSTITUTION

$25,000

STANFORD GRADUATE BUSINESS SCHOOL

PURPOSE: PROVIDE FINANCIAL SUPPORT TO STANDFORD GRADUATE BUSINESS SCHOOL

$25,000
View Grant Profile

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