Nicholson Foundation Announces Spend Down, Close at End of 2021
The Nicholson Foundation is announcing that it has determined the timeline for fulfilling its plan to spend down. The Foundation will commit to its last grants through the middle of 2020, see them through over the following year, and close its office at the end of 2021.
Since beginning operations in 2002, the Foundation has worked to improve human- and social-service delivery systems for vulnerable populations in New Jersey. By the time it closes, the Foundation will have granted nearly $137 million for project support and more than $13 million providing direct technical assistance to grantees.
The formal decision to spend down was made a number of years ago as the Foundation grew encouraged about its work and felt increasingly impatient about improving services meant to help people.
Below, read the full story and watch the video of Jan Nicholson, President of The Nicholson Foundation, announcing the close and offering an early thank-you to our many partners.