The Bubba and Lena Mae Oustalet
The Bubba and Lena Mae Oustalet is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JENNINGS, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $771K in total assets. In 2024, it awarded 15 grants totaling $48K. Net investment income was $30K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$771K
-1.5% YoY
Annual Giving
$48K
+0.0% YoY
Grant Count
15
+0.0% YoY
Avg Grant Size
$3K
+0.0% YoY
Under IRS private-foundation payout rules, The Bubba and Lena Mae Oustalet reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bubba and Lena Mae Oustalet
Based on IRS filings
The Bubba and Lena Mae Oustalet is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JENNINGS, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $771K in total assets. In 2024, it awarded 15 grants totaling $48K. Net investment income was $30K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $770,675 | $782,286 | $780,664 |
| Revenue | $43,226 | $-5,489 | $31,444 |
| Expenses | $61,322 | $58,609 | $77,795 |
| Qualifying Distributions | $48,000 | $48,000 | $64,300 |
| Net Investment Income | $29,904 | $16,598 | $17,949 |
| Distributable Amount | $39,255 | $35,432 | $41,012 |
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
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ochsner Medical Foundation ($5,000), Second Harvest Food Bank ($5,000), University of La Life Program ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAMP KAROL INC MOSS BLUFF, LA | TO FULFILL THEIR TAX EXEMPT PURPOSE | $2,000 |
| CATHOLIC CHARITIES OF SOUTH WEST LA LAKE CHARLES, LA | TO FULFILL THEIR TAX EXEMPT PURPOSE | $4,000 |
| DEL EPEE DEAF CENTER GULFPORT, MS | TO FULFILL THEIR TAX EXEMPT PURPOSE | $2,000 |
| DIOCESE OF LAKE CHARLES LAKE CHARLES, LA | TO FULFILL THEIR TAX EXEMPT PURPOSE | $3,000 |
| IMMACULATE CONCEPTION CHURCH JENNINGS, LA | TO FULFILL THEIR TAX EXEMPT PURPOSE | $4,000 |
| LIONS CLUB CRIPPLED CHILDRENS CAMP LEESVILLE, LA | TO FULFILL THEIR TAX EXEMPT PURPOSE | $1,000 |
| LSU ALUMNI FOUNDATION BATON ROUGE, LA | TO FULFILL THEIR TAX EXEMPT PURPOSE | $1,000 |
| OCHSNER MEDICAL FOUNDATION NEW ORLEANS, LA | TO FULFILL THEIR TAX EXEMPT PURPOSE | $5,000 |
| OUR LADY HELP OF CHRISTIANS CATHOLIC CHURCH JENNINGS, LA | TO FULFILL THEIR TAX EXEMPT PURPOSE | $4,000 |
| OUR LADY IMMACULATE SCHOOL JENNINGS, LA | TO FULFILL THEIR TAX EXEMPT PURPOSE | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD C OUSTALET | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bubba and Lena Mae Oustalet?
The Bubba and Lena Mae Oustalet is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JENNINGS, LA. It holds $771K in total assets as of 2024.
How large is The Bubba and Lena Mae Oustalet?
As of 2024, The Bubba and Lena Mae Oustalet holds $771K in total assets with $43K in annual revenue. It awarded 15 grants totaling $48K in 2024.
Where does The Bubba and Lena Mae Oustalet operate?
The Bubba and Lena Mae Oustalet has awarded grants in Louisiana, Mississippi.
What size grants does The Bubba and Lena Mae Oustalet award?
In 2024, The Bubba and Lena Mae Oustalet awarded 15 grants totaling $48K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Bubba and Lena Mae Oustalet required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bubba and Lena Mae Oustalet reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bubba and Lena Mae Oustalet's EIN?
The Bubba and Lena Mae Oustalet's EIN (Employer Identification Number) is 72-1404576. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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