New Orphan Asylum Scholarship Foundation
The New Orphan Asylum Scholarship Foundation is a 501(c)(3) independent foundation established in 1942 and based in Cincinnati, Ohio. The organization provides scholarship funds paid directly to colleges and universities on behalf of individual scholarship recipients.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-4.8% YoY
Annual Giving
$112K
-33.7% YoY
Grant Count
27
+12.5% YoY
Avg Grant Size
$4K
-41.1% YoY
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.
Mission & Focus Areas
The foundation's primary purpose is providing scholarships to support students attending colleges and universities. The organization does not maintain a public website and has not provided a detailed mission statement to public databases.
Grantmaking
Scholarships distributed directly to educational institutions for individual students.
Grant Range
$1,100–$32,054
Average Grant
amount: Approximately $3,700–$5,600
Review Cycle
are not publicly documented in available sources.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports scholarship recipients across numerous U.S. cities and states, including:
- Alabama, Arizona, California, Colorado, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Minnesota, New York, Ohio, South Carolina, Tennessee, Texas, Nevada, Washington, and West Virginia
Notable cities mentioned include Akron, Baltimore, and Baton Rouge.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024 (Most Recent Filing):
- Total Assets: $2,110,109
- Total Revenue: $75,545
- Total Expenses: $180,826
- Net Income: -$105,281
- Total Liabilities: $0
As of 2023:
- Total Assets: $2,215,390
- Total Revenue: $104,101
- Total Expenses: $225,822
- Total Giving: $199,180
Giving Rate: 8.8% (2023)
The foundation's expenses exceed its annual revenue, drawing on accumulated assets to support its scholarship program.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,110,109 | $2,215,390 | $2,337,111 |
| Revenue | $75,545 | $104,101 | $70,513 |
| Expenses | $180,826 | $225,822 | $165,992 |
| Qualifying Distributions | $150,068 | $199,180 | $129,829 |
| Net Investment Income | $44,079 | $80,621 | $49,109 |
| Distributable Amount | $202,794 | $158,896 | $160,927 |
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
126 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Cincinnati ($17,490), Tennessee State University ($12,169), Alabama A&m University ($8,751).
| Recipient | Purpose | Amount |
|---|---|---|
| ALABAMA A&M UNIVERSITY HUNTSVILLE, AL | SCHOLARSHIP | $8,751 |
| ALABAMA STATE UNIVERSITY MONTGOMERY, AL | SCHOLARSHIP | $3,042 |
| BOWLING GREEN STATE UNIVERSITY BOWLING GREEN, OH | SCHOLARSHIP | $4,945 |
| BOWIE STATE UNIVERSITY BOWIE, MD | SCHOLARSHIP | $1,903 |
| CAPITAL UNIVERSITY BEXLEY, OH | SCHOLARSHIP | $1,139 |
| COLUMBIA COLLEGE CHICAGO CHICAGO, IL | SCHOLARSHIP | $1,100 |
| COLUMBUS COLLEGE OF ART & DESIGN COLUMBUS, OH | SCHOLARSHIP | $1,100 |
| DELTA STATE UNIVERSITY CLEVELAND, MS | SCHOLARSHIP | $3,042 |
| FISK UNIVERSITY NASHVILLE, TN | SCHOLARSHIP | $6,085 |
| HOWARD UNIVERSITY WASHINGTON, DC | SCHOLARSHIP | $3,042 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Laurie Stevens – Executive Director (0.25 hrs/week, $15,939 annual compensation)
- Louis Patrick – President (0.25 hrs/week, unpaid)
- Rico Rice – Vice President (0.25 hrs/week, unpaid)
- Lawrence Cain Jr. – Secretary (0.25 hrs/week, unpaid)
- Mesha Holloway – Trustee (0.25 hrs/week, unpaid)
The foundation operates with no dedicated employees and a leadership team that largely serves without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURIE STEVENS-YOUNG | EXECUTIVE DIRECTOR | 0.25 | $15,939 |
| LOUIS PATRICK | PRESIDENT | 0.25 | — |
| RICO RICE | VICE PRESIDENT | 0.25 | — |
| LAWRENCE CAIN JR | SECRETARY | 0.25 | — |
| MESHA HOLLOWAY | TRUSTEE | 0.25 | — |
Frequently Asked Questions
What does New Orphan Asylum Scholarship Foundation fund?
The foundation's primary purpose is providing scholarships to support students attending colleges and universities. The organization does not maintain a public website and has not provided a detailed mission statement to public databases.
How do I apply for a grant from New Orphan Asylum Scholarship Foundation?
**Grant Activity:** • Total giving (2023): $199,180 • Total giving (2024): $111,693 • Grants awarded (2023): 30 recipients • Grant range: $1,100–$32,054 • Median grant amount: $5,646 • Average grant amount: Approximately $3,700–$5,600 **Grant Type:** Scholarships distributed directly to educational institutions for individual students. **Application Process:** Specific application procedures and deadlines are not publicly documented in available sources.
Where does New Orphan Asylum Scholarship Foundation make grants?
The foundation supports scholarship recipients across numerous U.S. cities and states, including: • Alabama, Arizona, California, Colorado, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Minnesota, New York, Ohio, South Carolina, Tennessee, Texas, Nevada, Washington, and West Virginia Notable cities mentioned include Akron, Baltimore, and Baton Rouge.
What size grants does New Orphan Asylum Scholarship Foundation award?
In 2024, New Orphan Asylum Scholarship Foundation awarded 27 grants totaling $112K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is New Orphan Asylum Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, New Orphan Asylum Scholarship Foundation reported a distributable amount of $203K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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