Carole B & Kenneth J Boudreaux Foundation Inc
The Carole B & Kenneth J Boudreaux Foundation Inc is a private foundation based in New Orleans, Louisiana. The foundation was established by Carole B. and Kenneth J. Boudreaux, both alumni of Tulane University with strong ties to the institution and the New Orleans community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.7M
+26.1% YoY
Annual Giving
$312K
-0.2% YoY
Grant Count
39
-2.5% YoY
Avg Grant Size
$8K
+2.4% YoY
Under IRS private-foundation payout rules, Carole B & Kenneth J Boudreaux Foundation Inc reported a distributable amount of $465K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grant-making priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation demonstrates particular interest in supporting educational initiatives, including scholarships and endowed professorships at higher education institutions.
Grantmaking
Grant Range
s:** Typical awards range from $500 to $54,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Louisiana, New York, and New Jersey.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $9,650,045
- Total Giving: $311,500 (most recent IRS Form 990 filing, 2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,650,045 | $7,650,507 | $6,636,744 |
| Revenue | $155,663 | $417,003 | $130,451 |
| Expenses | $315,176 | $324,408 | $317,830 |
| Qualifying Distributions | $311,500 | $312,000 | $319,705 |
| Net Investment Income | $154,006 | $117,003 | $347,019 |
| Distributable Amount | $465,109 | $322,031 | $329,218 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
198 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Tulane University ($54,000), University of Southern California ($27,000), Audubon Park Conservancy ($22,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Louisiana Philharmonic Orchestra New Orleans, LA | General Support | $18,000 |
| New Orleans Opera Association New Orleans, LA | General Support | $5,000 |
| WWNO Radio New Orleans, LA | General Support | $13,500 |
| WYES Radio New Orleans, LA | General Support | $4,000 |
| New Orleans Museum of Art New Orleans, LA | General Support | $2,500 |
| University of New Orleans New Orleans, LA | General Support | $11,000 |
| University of Southern California Los Angeles, CA | General Support | $27,000 |
| Frnds of New Orleans Public Library New Orleans, LA | General Support | $3,000 |
| Tulane University New Orleans, LA | General Support | $54,000 |
| Louisiana SPCA New Orleans, LA | General Support | $6,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Carole B. Boudreaux — Founder; Bachelor of Arts degree in English from Newcomb College (1965); Master of Education degree from the University of New Orleans (1973)
Kenneth J. Boudreaux — Founder; MBA from Tulane School of Business (1967); former professor of finance and economics at Tulane
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kenneth J Boudreaux | President & Director | — | — |
| Carole B Boudreaux | Secretary & Director | — | — |
| Beau J Boudreau | Director | — | — |
| Heather P Boudreaux | Director | — | — |
Recent News & Activity
Recent developments and announcements
The Carole Barnette Boudreaux '65 Great Writers Series, established through the foundation's 2018 gift to Tulane University, has brought internationally prominent authors to campus. The inaugural event in November 2021 featured 2016 Pulitzer Prize-winning author Viet Thanh Nguyen. Subsequent speakers have included George Saunders, recipient of a 2006 MacArthur Foundation Fellowship.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Carole B & Kenneth J Boudreaux Foundation Inc fund?
The foundation's grant-making priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation demonstrates particular interest in supporting educational initiatives, including scholarships and endowed professorships at higher education institutions.
How do I apply for a grant from Carole B & Kenneth J Boudreaux Foundation Inc?
**Grant Sizes:** Typical awards range from $500 to $54,000. **Recent Activity:** The foundation awarded $311,500 in total giving according to the most recent IRS Form 990 filing (2024). **Notable Grant:** In 2018, the foundation made a $3.5 million gift to Tulane University, structured as follows: • $2 million to create a scholarship fund for A.B. Freeman School of Business graduate students and establish the Kenneth J. Boudreaux MBA '67 Professorship in Finance • $1.5 million to establish the …
Where does Carole B & Kenneth J Boudreaux Foundation Inc make grants?
The foundation primarily funds organizations in Louisiana, New York, and New Jersey.
What size grants does Carole B & Kenneth J Boudreaux Foundation Inc award?
In 2024, Carole B & Kenneth J Boudreaux Foundation Inc awarded 39 grants totaling $312K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Carole B & Kenneth J Boudreaux Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Carole B & Kenneth J Boudreaux Foundation Inc reported a distributable amount of $465K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carole B & Kenneth J Boudreaux Foundation Inc's EIN?
Carole B & Kenneth J Boudreaux Foundation Inc's EIN (Employer Identification Number) is 72-1372415. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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