H & B Young Foundation
The H & B Young Foundation is a private, independent 501(c)(3) foundation incorporated in Louisiana in 1955 and granted tax-exempt status in February 1957. Based in Morgan City, Louisiana, the foundation operates as a grantmaking organization focused on supporting education and community development initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30.3M
+8.3% YoY
Annual Giving
$2.3M
+11.3% YoY
Grant Count
44
+12.8% YoY
Avg Grant Size
$52K
-1.3% YoY
Mission & Focus Areas
The foundation's primary purpose is giving for education and community development. Grant-making activities focus on:
- Education
- Science and STEM education
- Philanthropy, voluntarism, and grantmaking
- Human services
Grantmaking
Average Grant
amount and median grant amount data are available but specific figures were not fully detailed in source materials
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations and initiatives in Louisiana, with particular emphasis on the Morgan City area and surrounding regions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $30,266,451 to $30.3 million
- Total Revenue: $3,581,296
- Total Expenses: $3,165,251
- Net Income: $416,045
- Total Liabilities: $377,000
The foundation maintains substantial financial resources with consistent annual giving capacity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,266,451 | $27,945,710 | $25,928,411 |
| Revenue | $3,581,296 | $1,887,204 | $3,391,651 |
| Expenses | $3,165,251 | $2,879,139 | $2,579,068 |
| Qualifying Distributions | $2,406,995 | $2,158,944 | $1,845,589 |
| Net Investment Income | $2,851,904 | $2,458,456 | $2,545,243 |
| Distributable Amount | $2,098,979 | $2,029,573 | $2,076,822 |
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
210 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRENDA B AYO | PRESIDENT | 40 | $90,679 |
| EMILE A WAGNER III | TREASURER | 4.25 | $26,612 |
| GWEN E ROSS | SECRETARY | 40 | $50,182 |
| MELISSA PARSIOLA | VICE PRESIDE | 4.25 | $26,250 |
| TIM BETBEZE | DIRECTOR | 4.25 | $34,202 |
Recent News & Activity
Recent developments and announcements
The H & B Young Foundation has been recognized for significant philanthropic contributions:
SLCC Foundation to Recognize H&B Young Foundation as Benefactor of the YearThe foundation was recognized by the SLCC Foundation as Benefactor of the Year
SLCC Foundation to Recognize H&B Young Foundation as Benefactor of the YearThe foundation has partnered with Young Memorial Campus in Morgan City, indicating ongoing community engagement and support for local institutions
SLCC Foundation to Recognize H&B Young Foundation as Benefactor of the YearRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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