Karl C Smith Memorial Scholarship
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.
Karl C Smith Memorial Scholarship at a glance
In short: Karl C Smith Memorial Scholarship gave $12K across 5 grants in 2025 (avg $2K), mostly in Louisiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,252
- +2.1% vs 2024
- Grants made (2025)
- 5
- +25.0% vs 2024
- Average grant
- $2,450
- -18.3% vs 2024
- Median grant
- $3,063
- Total assets
- $286,160
- +0.7% vs 2024
- Primary geography
- Louisiana (75% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Karl C Smith Memorial Scholarship funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Louisiana- Abby Jo ($3K).
Organizations only. It also paid 4 individual scholarships ($9,189), which are not listed by name.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Karl C Smith Memorial Scholarship gives
- Giving held roughly steady from 2022 to 2025 (−11%). Method
- In 2025 it paid out 96% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $12K (2021) to $14K (2022). In 2025 it made 5 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 individual scholarships Recipients not named | — | $9,189 |
| University of Louisiana- Abby Jo Lake Charles, LA | Scholarships | $3,063 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $286,160 | $19,843 | $18,063 | $12,252 | 5 | $14,362 | $16,353 | $14,921 |
| 2024 | $284,079 | $18,874 | $17,267 | $12,000 | 4 | $14,040 | $15,497 | $14,523 |
| 2023 | $281,721 | $18,899 | $19,573 | $13,388 | 4 | $15,439 | $15,694 | $13,821 |
| 2022 | $282,372 | $45,871 | $19,974 | $13,793 | 5 | $16,032 | $42,085 | $15,626 |
| 2021 | $256,498 | $21,442 | $17,811 | $11,669 | 2 | — | $17,341 | $15,999 |
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.
Leadership & Key People
Officers and directors from IRS filings
Karl C Smith Memorial Scholarship's only listed officer is Hancock Whitney Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Hancock Whitney Bank
Trustee
On filings since 2021
1 hr/week
$5K (2021) → $4K (2025)
Data from IRS Form 990 filings, 2021–2025. "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
The highest reported compensation on the 2025 filing was $4K, to Hancock Whitney Bank (Trustee).
Frequently asked questions about Karl C Smith Memorial Scholarship
How much does Karl C Smith Memorial Scholarship give each year?
Karl C Smith Memorial Scholarship gave $12K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 4 grants.
What is Karl C Smith Memorial Scholarship's typical grant size?
Karl C Smith Memorial Scholarship's median grant in 2025 was $3,063, and its average grant was $2,450, across 5 grants on its 2025 IRS Form 990-PF.
Where does Karl C Smith Memorial Scholarship give grants?
Karl C Smith Memorial Scholarship gives mostly in Louisiana: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Oklahoma (25%).
Does Karl C Smith Memorial Scholarship give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Karl C Smith Memorial Scholarship's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (4 grants).
How large is Karl C Smith Memorial Scholarship?
Karl C Smith Memorial Scholarship reported $286K in total assets on its 2025 IRS Form 990-PF. It paid out $14K in qualifying distributions that year, against a required minimum of $15K (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.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Other open foundation grants in Louisiana
Louisiana Open opportunities, soonest deadline first.
- Allied Arts Capacity-Building Grant Up to $5,000 · Due December 11, 2026
- Allied Arts Educational Outreach Grant Up to $5,000 · Due December 11, 2026
- Millard Morris Founder's Scholarship (Community Foundation of Southwest Louisiana) $1,000 per year for Years 1-3 and $2,000 for Year 4 (4-year program) · Due March 15, 2027
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