H & B Young Foundation

MORGAN CITY, LA EIN: 72-6029365

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Louisiana $9.7M (100%)

States

Louisiana

Cities

FranklinHoumaLafayetteLafyetteMorgan CityNew OrleansSchrieverThibodaux

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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 Year

The foundation was recognized by the SLCC Foundation as Benefactor of the Year

SLCC Foundation to Recognize H&B Young Foundation as Benefactor of the Year

The 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 Year

Frequently 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.