Karl C Smith Memorial Scholarship

NEW ORLEANS, LA EIN: 72-1253348

Karl C Smith Memorial Scholarship is a private foundation, based in NEW ORLEANS, LA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $286K in total assets. In 2025, it awarded 5 grants totaling $12K. Net investment income was $16K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$286K

+0.7% YoY

Annual Giving

$12K

+2.1% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$2K

-18.3% YoY

Under IRS private-foundation payout rules, Karl C Smith Memorial Scholarship reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.

About Karl C Smith Memorial Scholarship

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Louisiana $60K (95%)

Oklahoma $3K (5%)

States

Louisiana Oklahoma

Cities

AlexandriaBaton RougeLake CharlesRustonTahlequah

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$286,160	$284,079	$281,721
Revenue	$19,843	$18,874	$18,899
Expenses	$18,063	$17,267	$19,573
Qualifying Distributions	$14,362	$14,040	$15,439
Net Investment Income	$16,353	$15,497	$15,694
Distributable Amount	$14,921	$14,523	$13,821

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Grant Size Distribution

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Louisiana State University of Alexandria ($3,063), University of Louisiana- Abby Jo ($3,063), Northwestern State University - Owen ($3,063).

Recipient	Purpose	Amount
LOUISIANA STATE UNIVERSITY OF ALEXANDRIA ALEXANDRIA, LA	SCHOLARSHIPS	$3,063
LOUISIANA STATE UNIVERSITY OF ALEXANDRIA ALEXANDRIA, LA	SCHOLARSHIPS	$1,500
UNIVERSITY OF LOUISIANA- ABBY JO LAKE CHARLES, LA	SCHOLARSHIPS	$3,063
NORTHWESTERN STATE UNIVERSITY - OWEN Tahlequah, OK	SCHOLARSHIP	$3,063
SOWELA TECHNICAL COMMUNITY COLLEGE Lake Charles, LA	SCHOLARSHIPS	$1,563

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
HANCOCK WHITNEY BANK	TRUSTEE	1	$4,441

Frequently Asked Questions

How large is Karl C Smith Memorial Scholarship?

As of 2025, Karl C Smith Memorial Scholarship holds $286K in total assets with $20K in annual revenue. It awarded 5 grants totaling $12K in 2025.

Where does Karl C Smith Memorial Scholarship operate?

Karl C Smith Memorial Scholarship has awarded grants in Louisiana, Oklahoma.

What size grants does Karl C Smith Memorial Scholarship award?

In 2025, Karl C Smith Memorial Scholarship awarded 5 grants totaling $12K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Karl C Smith Memorial Scholarship required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Karl C Smith Memorial Scholarship reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Karl C Smith Memorial Scholarship's EIN?

Karl C Smith Memorial Scholarship's EIN (Employer Identification Number) is 72-1253348. IRS Form 990 filing data is available on this page for 2021–2025.