Oscar Lee Putnam Cultural Endowment
Oscar Lee Putnam Cultural Endowment is a private foundation, based in New Orleans, LA. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $316K in total assets. Net investment income was $41K.
Oscar Lee Putnam Cultural Endowment at a glance
- Total assets
- $315,961
- +14.9% vs 2020
- Revenue (2021)
- $44,235
- +8489.3% vs 2020
- Net investment income (2021)
- $40,961
- +5589.0% vs 2020
- Expenses (2021)
- $3,274
- -78.8% vs 2020
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Oscar Lee Putnam Cultural Endowment funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 4 grants totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern State University Natchitoches, LA | Education | $4,000 |
| Tulane University New Orleans, LA | Education | $3,000 |
| Nicholls State University Thibodaux, LA | Education | $2,000 |
| Xavier University of Louisiana New Orleans, LA | Education | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2021 | $315,961 | $44,235 | $3,274 | — | — | $40,961 | $17,032 |
| 2020 | $275,000 | $515 | $15,433 | $11,000 | 4 | $720 | $15,636 |
Under IRS private-foundation payout rules, Oscar Lee Putnam Cultural Endowment reported a distributable amount of $17K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Oscar Lee Putnam Cultural Endowment is led by Justin B. Schmidt, Trustee & President on every filing since 2020; none of the 6 officers listed in 2021 report compensation.
Officers on the 2021 filing
Justin B. Schmidt
Trustee & President
On filings since 2020
1 hr/week
No compensation reported
Andrew Thayer
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Caroline S. Bryan
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Eileen Friel Powers
Trustee & Vice President
On filings since 2020
1 hr/week
No compensation reported
James M. Maclaren
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Marshall L. Michel III
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Oscar Lee Putnam Cultural Endowment
How large is Oscar Lee Putnam Cultural Endowment?
Oscar Lee Putnam Cultural Endowment reported $316K in total assets on its 2021 IRS Form 990-PF. Its revenue that year was $44K.
Where does Oscar Lee Putnam Cultural Endowment operate?
Oscar Lee Putnam Cultural Endowment has awarded grants in Louisiana.
How much is Oscar Lee Putnam Cultural Endowment required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Oscar Lee Putnam Cultural Endowment reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Oscar Lee Putnam Cultural Endowment's EIN?
Oscar Lee Putnam Cultural Endowment's EIN (Employer Identification Number) is 72-6022138. IRS Form 990 filing data is available on this page for 2020–2021.
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 2020–2021
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Figures come from Oscar Lee Putnam Cultural Endowment'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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