New Orphan Asylum Scholarship Foundation
The New Orphan Asylum Scholarship Foundation is a private foundation based in Cincinnati, Ohio. It makes scholarship grants to educational institutions; its 2024 filing describes the grants as scholarships and says payments are made directly to the named institution.
New Orphan Asylum Scholarship Foundation at a glance
In short: New Orphan Asylum Scholarship Foundation gave $112K across 27 grants in 2024 (avg $4K), top state Ohio. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $111,693
- -33.7% vs 2023
- Grants made (2024)
- 27
- +12.5% vs 2023
- Average grant
- $4,137
- -41.1% vs 2023
- Median grant
- $3,042
- Total assets
- $2,110,109
- -4.8% vs 2023
- New grantees (estimate)
- 40% first-time grantees (10 of 25, 2024)
- Primary geography
- Ohio (47% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to New Orphan Asylum Scholarship Foundation
- How to Apply
-
The foundation states that it does not restrict giving to preselected organizations. Contact Laurie Stevens-Young. Separate forms must be completed by the student and school personnel; call for forms and materials. Awards are one-time only, and payments are made directly to the named institution.
- Review Cycle
- Apply 90 days before the beginning of the academic quarter or semester.
- Deadline
- Apply 90 days before the beginning of the academic quarter or semester.
- Contact
Application contact: Laurie Stevens-Young
Mailing address: 260 Northland Boulevard Suite 225, Cincinnati, OH 45246
Phone: (513) 389-9400
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who New Orphan Asylum Scholarship Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of Cincinnati ($17K). Together the top 10 received $69K.
Organizations only. It also paid 3 individual scholarships ($12,932), which are not listed by name.
Grant Size Distribution
126 grants across all recorded years
The most common grant size was under $50K: 126 grants of 126 (100%).
Geographic Focus
Where this funder awards grants
In 2024, Ohio recipients received 47% of grant dollars, followed by Tennessee (16%), Alabama (11%), Maryland (6%), and Georgia (4%).
Grant Distribution by State
Share of 2024 grant dollars across all 27 itemized grants.
States
Cities
Is New Orphan Asylum Scholarship Foundation open to new grantees?
40%
first-time grantees, 2024
In 2024, 10 of 25 grantees (40%) were first-time recipients. First grants averaged $2K; repeat grants $6K. How we count
Medians: $2K first-time, $3K repeat.
- 52% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−6%). Method
- In 2024 it paid out 74% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $57K (2020) to $168K (2023). In 2024 it made 27 grants totaling $112K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Cincinnati Cincinnati, OH | Scholarship | $17,490 |
| Tennessee State University Nashville, TN | Scholarship | $12,169 |
| Alabama A&M University Huntsville, AL | Scholarship | $8,751 |
| Fisk University Nashville, TN | Scholarship | $6,085 |
| Miami University Oxford, OH | Scholarship | $6,085 |
| Xavier University Cincinnati, OH | Scholarship | $6,085 |
| 3 individual scholarships Recipients not named | — | $12,932 |
| Alabama State University Montgomery, AL | Scholarship | $3,042 |
| Delta State University Cleveland, MS | Scholarship | $3,042 |
| Howard University Washington, DC | Scholarship | $3,042 |
Ready to take the next step with New Orphan Asylum Scholarship Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,110,109 | $75,545 | $180,826 | $111,693 | 27 | $150,068 | $44,079 | $202,794 |
| 2023 | $2,215,390 | $104,101 | $225,822 | $168,482 | 24 | $199,180 | $80,621 | $158,896 |
| 2022 | $2,337,111 | $70,513 | $165,992 | $102,526 | 24 | $129,829 | $49,109 | $160,927 |
| 2021 | $2,432,590 | $352,628 | $172,544 | $119,300 | 27 | $148,683 | $329,935 | $173,178 |
| 2020 | $2,252,506 | $65,995 | $106,754 | $57,200 | 24 | — | $41,739 | $152,072 |
| 2019 | $2,293,265 | $62,270 | $164,494 | $106,700 | 29 | — | $49,243 | $141,478 |
Under IRS private-foundation payout rules, New Orphan Asylum Scholarship Foundation reported a distributable amount of $203K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants support scholarships at colleges and universities. Among the recipients, Fisk University describes its mission as preparing graduates to contribute to society through a liberal arts curriculum and research. Xavier University describes its mission as educating students intellectually, morally, and spiritually through academic and professional programs. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In filing year 2024, the foundation reported 27 grants totaling $111,693. Grants ranged from $1,100 to $17,490, with a median of $3,042. In 2023, it reported 24 grants totaling $168,482; in 2022, it reported 24 grants totaling $102,526.
The largest 2024 grants included $17,490 to the University of Cincinnati, $12,169 to Tennessee State University, $8,751 to Alabama A&M University, and $6,085 each to Fisk University, Miami University, and Xavier University. Each was designated for scholarships.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Laurie Stevens-Young as executive director, Louis Patrick as president, Rico Rice as vice president, Lawrence Cain Jr. as secretary, and Mesha Holloway as trustee.
New Orphan Asylum Scholarship Foundation is led by Laurie Stevens-Young, Executive Director on the 2024 filing; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Laurie Stevens-Young
Executive Director
New on the 2024 filing
0.3 hrs/week
$16K (2024)
Louis Patrick
President
Vice President → President, 2020
On filings since 2019
0.3 hrs/week
No compensation reported
Mesha Holloway
Trustee
On filings since 2019
0.3 hrs/week
No compensation reported
Lawrence Cain Jr.
Secretary
Trustee → Secretary, 2020
On filings since 2019
0.3 hrs/week
No compensation reported
Rico Rice
Vice President
Trustee → Vice President, 2020
On filings since 2019
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Laurie Stevens (2019–2023) — Executive Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $16K, to Laurie Stevens-Young (Executive Director).
Frequently asked questions about New Orphan Asylum Scholarship Foundation
How much does New Orphan Asylum Scholarship Foundation give each year?
New Orphan Asylum Scholarship Foundation gave $112K across 27 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $168K across 24 grants.
What is New Orphan Asylum Scholarship Foundation's typical grant size?
New Orphan Asylum Scholarship Foundation's median grant in 2024 was $3,042, and its average grant was $4,137, across 27 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from New Orphan Asylum Scholarship Foundation that year got $2K on average.
Where does New Orphan Asylum Scholarship Foundation give grants?
New Orphan Asylum Scholarship Foundation's top state is Ohio, with 47% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Tennessee (16%) and Alabama (11%). The most frequent recipient cities were Cincinnati, OH (2 grants), Nashville, TN (2 grants), Baltimore, MD (2 grants) and Columbus, OH (2 grants).
Does New Orphan Asylum Scholarship Foundation give general operating support?
Not in 2024: none of the 27 grants with a stated purpose on New Orphan Asylum Scholarship Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (27 grants).
Who are New Orphan Asylum Scholarship Foundation's largest grantees?
New Orphan Asylum Scholarship Foundation's largest 2024 grantees include University of Cincinnati ($17,490), Tennessee State University ($12,169) and Alabama A&M University ($8,751), according to its 2024 IRS Form 990-PF. It also paid 3 individual scholarships ($12,932), which are not listed by name. Together they received 34% of its itemized 2024 grant dollars.
How large is New Orphan Asylum Scholarship Foundation?
New Orphan Asylum Scholarship Foundation reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $150K in qualifying distributions that year, against a required minimum of $203K (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 does New Orphan Asylum Scholarship Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants support scholarships at colleges and universities. Among the recipients, Fisk University describes its mission as preparing graduates to contribute to society through a liberal arts curriculum and research. See mission & focus areas ↑
How do I apply for a grant from New Orphan Asylum Scholarship Foundation?
The foundation states that it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is New Orphan Asylum Scholarship Foundation's EIN?
New Orphan Asylum Scholarship Foundation's EIN (Employer Identification Number) is 31-0536683. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 17, 2020)
- IRS filings on file for fiscal years 2019–2024
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Cite this profile
Grantable. (2026). New Orphan Asylum Scholarship Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/new-orphan-asylum-scholarship-foundation-morg_dce648f6a9994cb08f89a104679aa2e9
BibTeX
@misc{grantable_310536683_2026,
author = {{Grantable}},
title = {{New Orphan Asylum Scholarship Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/new-orphan-asylum-scholarship-foundation-morg_dce648f6a9994cb08f89a104679aa2e9},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from New Orphan Asylum Scholarship Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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