Noel Foundation Inc
Noel Foundation Inc is a private foundation focused on Education, based in Shreveport, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.9M in total assets. In 2024, it awarded 21 grants totaling $725K. Net investment income was $1.3M.
Key facts about Noel Foundation Inc
- EIN
- 23-7177629
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $724,915
- Grants made (2024)
- 21
- Average grant
- $34,520
- Median grant
- $30,000
- New grantees (estimate)
- 48% first-time grantees (10 of 21, 2024)
- Total assets
- $22,939,301
- Primary geography
- Louisiana (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Noel Foundation Inc funds
By grant dollars, the top recipient states for Noel Foundation Inc's 21 itemized 2024 grants were Louisiana (100%). The most frequent recipient cities were Shreveport, LA (19 grants). None of its 21 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (19 grants).
Is Noel Foundation Inc open to new grantees?
48%
first-time grantees, 2024
In 2024, 10 of 21 grantees (48%) were first-time recipients. First grants averaged $33K; repeat grants $36K. How we count
Medians: $31K first-time, $30K repeat.
- Giving held roughly steady from 2021 to 2024 (−12%). Method
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Noel Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22.9M
Annual Giving
$725K
Grant Count
21
Avg Grant Size
$35K
Under IRS private-foundation payout rules, Noel Foundation Inc reported a distributable amount of $965K for 2024 — the minimum it must pay out in qualifying distributions.
About Noel Foundation Inc
Based on IRS filings
Noel Foundation Inc is a private foundation focused on Education, based in Shreveport, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.9M in total assets. In 2024, it awarded 21 grants totaling $725K. Net investment income was $1.3M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 21 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $22,939,301 | $20,971,825 | $22,955,601 |
| Revenue | $1,570,452 | $1,567,889 | $1,602,305 |
| Expenses | $1,124,373 | $1,031,294 | $1,193,825 |
| Qualifying Distributions | $961,729 | $900,792 | $1,074,969 |
| Net Investment Income | $1,311,549 | $1,370,018 | $1,402,260 |
| Distributable Amount | $965,481 | $888,407 | $928,718 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include LSU Health Foundation ($117,680), Louisiana Key Academy Caddo Campus ($69,235), Red River STEM Inc ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LSU HEALTH FOUNDATION Shreveport, LA | CHARITABLE | $117,680 |
| LOUISIANA KEY ACADEMY CADDO CAMPUS Shreveport, LA | CHARITABLE | $69,235 |
| RED RIVER STEM INC Shreveport, LA | CHARITABLE | $60,000 |
| SHREVEPORT SYMPHONY ORCHESTRA Shreveport, LA | CHARITABLE | $54,500 |
| CENTENARY COLLEGE OF LOUISIANA Shreveport, LA | EDUCATIONAL | $50,000 |
| THE ARC CADDO BOSSIER Shreveport, LA | CHARITABLE | $50,000 |
| VOLUNTEERS FOR YOUTH JUSTICE Shreveport, LA | CHARITABLE | $40,000 |
| SHREVEPORT OPERA Shreveport, LA | CHARITABLE | $32,500 |
| FILM PRIZE FOUNDATION Shreveport, LA | CHARITABLE | $30,000 |
| HIGHLAND CENTER CORP Shreveport, LA | CHARITABLE | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Alexander Mikaberidze | Trustee | 2 | — |
| Brian Sherman | Trustee | 2 | — |
| Claire Sevier | Treasurer | 2 | — |
| Delton Smith | President | 2 | — |
| George Fritze Jr | Trustee | 2 | — |
| Oliver Jenkins | Vice-President | 2 | — |
| Richard Lamb | Secretary | 2 | — |
| Stacy Williams | Trustee | 2 | — |
| Robert Smith | Trustee | 2 | — |
| Lane Rosen | Trustee | 2 | — |
| Merritt Chastain | Trustee | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Noel Foundation Inc?
Noel Foundation Inc is a private foundation focused on Education, based in Shreveport, LA. It holds $22.9M in total assets as of 2024.
How large is Noel Foundation Inc?
As of 2024, Noel Foundation Inc holds $22.9M in total assets with $1.6M in annual revenue. It awarded 21 grants totaling $725K in 2024.
Where does Noel Foundation Inc operate?
Noel Foundation Inc has awarded grants in Arkansas, Arizona, Louisiana, Missouri.
What size grants does Noel Foundation Inc award?
In 2024, Noel Foundation Inc awarded 21 grants totaling $725K — an average of about $35K per grant, based on its IRS Form 990 filings.
How much is Noel Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Noel Foundation Inc reported a distributable amount of $965K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Noel Foundation Inc's EIN?
Noel Foundation Inc's EIN (Employer Identification Number) is 23-7177629. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.