Garner Scholarship Trust 1045000157

Private foundation · Grantmaker New Orleans, LA EIN: 87-6605113

Garner Scholarship Trust 1045000157 is a private foundation, based in New Orleans, LA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 1 grant totaling $90K. Net investment income was $133K.

Key facts about Garner Scholarship Trust 1045000157

In short: Garner Scholarship Trust 1045000157 gave $90K across 1 grant in 2025 (avg $90K), mostly in Texas. Source: 2025 IRS Form 990-PF.

EIN
87-6605113
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$89,998
Grants made (2025)
1
Average grant
$89,998
Median grant
$89,998
Total assets
$1,909,892
Primary geography
Texas (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.9M

+2.1% YoY

Annual Giving

$90K

+29.4% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$90K

+29.4% YoY

Under IRS private-foundation payout rules, Garner Scholarship Trust 1045000157 reported a distributable amount of $95K for 2025 — the minimum it must pay out in qualifying distributions.

How Garner Scholarship Trust 1045000157 gives

  • In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Nacodoches

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K0 grants2022 1 grant2023 1 grant2024 1 grant2025

From 2023 to 2025, annual grant giving ranged from $65K (2023) to $90K (2025). In 2025 it made 1 grant totaling $90K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Stephen F Austin University Foundation: $90KStephen F Austin UniversityFoundation$90K

The largest 2025 recipient was Stephen F Austin University Foundation ($90K).

Grant Size Distribution

3 grants across all recorded years

<$50K3$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 3 grants of 3 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Stephen F Austin University Foundation Nacodoches, TXGeneral Support$89,998

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2022 2023 2024 2025
Metric202520242023
Total Assets$1,909,892$1,871,410$1,836,207
Revenue$143,301$116,624$70,221
Expenses$104,889$81,856$77,712
Qualifying Distributions$92,753$72,224$68,316
Net Investment Income$133,258$105,683$60,825
Distributable Amount$94,772$92,655$92,877

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 26, 2024)
  2. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 29, 2025)
  3. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
  4. IRS filings on file for fiscal years 2022–2024

Leadership & Key People

Officers and directors from IRS filings

Garner Scholarship Trust 1045000157's only listed officer is Hancock Whitney Bank, Trustee on every filing since 2022 (compensated).

Officers on the 2025 filing

  • Hancock Whitney Bank

    Trustee

    On filings since 2022

    1 hr/week

    $3K (2022) → $7K (2025)

Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Hancock Whitney Bank — Trustee: $7KHancock Whitney BankTrustee$7K

The highest reported compensation on the 2025 filing was $7K, to Hancock Whitney Bank (Trustee).

Frequently asked questions about Garner Scholarship Trust 1045000157

How much does Garner Scholarship Trust 1045000157 give each year?

Garner Scholarship Trust 1045000157 gave $90K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $70K across 1 grant.

How large is Garner Scholarship Trust 1045000157?

Garner Scholarship Trust 1045000157 reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $93K in qualifying distributions that year, against a required minimum of $95K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Garner Scholarship Trust 1045000157 operate?

Garner Scholarship Trust 1045000157 has awarded grants in Texas.

What is Garner Scholarship Trust 1045000157's EIN?

Garner Scholarship Trust 1045000157's EIN (Employer Identification Number) is 87-6605113. IRS Form 990 filing data is available on this page for 2022–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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