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
Under IRS private-foundation payout rules, H & B Young Foundation reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
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
Ready to take the next step with H & B Young Foundation?
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
Among its reported 2024 grants, the largest include St Mary Outreach ($353,000), Morgan City Youth Center ($344,345), Immanuel Christian School ($294,001).
| Recipient | Purpose | Amount |
|---|---|---|
| BEARS MORGAN CITY, LA | INTERNET, VOIP PHONE | $1,170 |
| CENTRAL CATHOLIC ELEMENTARY SCHOOL MORGAN CITY, LA | SCHOLARSHIPS, A/R | $12,400 |
| CENTRAL CATHOLIC HIGH SCHOOL MORGAN CITY, LA | SCHOLARSHIPS, PROMETHEAN BOARD | $22,500 |
| CHILDREN'S THEATER MORGAN CITY, LA | SUMMER PRODUCTIONS | $5,000 |
| CITY COURT OF MORGAN CITY MORGAN CITY, LA | FAMILY ASSIST, OPERATIONS SUPPORT | $32,800 |
| CITY OF MORGAN CITY MORGAN CITY, LA | PETTING ZOO OPERATIONS | $10,000 |
| CITY OF MORGAN CITY MORGAN CITY, LA | LIBRARY OPERATIONS | $30,000 |
| CITY OF MORGAN CITY MORGAN CITY, LA | WALKING TOURS | $4,500 |
| CITY OF MORGAN CITY MORGAN CITY, LA | CITY BEAUTIFICATION | $5,000 |
| CITY OF MORGAN CITY MORGAN CITY, LA | FERAL CAT PROGRAM | $3,500 |
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 YearFrequently Asked Questions
What does H & B Young Foundation fund?
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
How do I apply for a grant from H & B Young Foundation?
**Grant Amounts:** • Typical awards range from $172 to $455,704 • Average grant amount and median grant amount data are available but specific figures were not fully detailed in source materials **Recent Giving Activity:** • Total giving in 2024: $2,292,439 • The foundation maintains active grant-making operations with no current live grant opportunities listed
Where does H & B Young Foundation make grants?
The foundation primarily funds organizations and initiatives in Louisiana, with particular emphasis on the Morgan City area and surrounding regions.
What size grants does H & B Young Foundation award?
In 2024, H & B Young Foundation awarded 44 grants totaling $2.3M — an average of about $52K per grant, based on its IRS Form 990 filings.
How much is H & B Young Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, H & B Young Foundation reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is H & B Young Foundation's EIN?
H & B Young Foundation's EIN (Employer Identification Number) is 72-6029365. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in H & B Young Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Team Lamada
BATON ROUGE, LA
Assets
—
Grants
0
Total Given
—
The Feather Fund NOLA
MANDEVILLE, LA
Assets
$3K
Grants
0
Total Given
—
Orleans Parish Prison Reform Coalition
NEW ORLEANS, LA
Assets
$156K
Grants
1
Total Given
$20K
Ballengee Family Foundation Trust
SHREVEPORT, LA
Assets
—
Grants
4
Total Given
$7K
Foundation for Louisiana
NEW ORLEANS, LA
Assets
$16.8M
Grants
99
Total Given
$2.1M
The Fellowship of Orthopaedic
METAIRIE, LA
Assets
$903K
Grants
0
Total Given
—
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with H & B Young Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching H & B Young Foundation to a real strategy.