The Edward L Rispone Family Foundation
The Edward L Rispone Family Foundation is a private family foundation established in 2000 and based in Baton Rouge, Louisiana. The foundation was created by Edward L. Rispone, a Louisiana businessman and founder of ISC Constructors, and his late wife Phyllis. It operates as a private independent foundation making grants to preselected charitable organizations, with no public application process or website for unsolicited requests.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.6M
+21.7% YoY
Annual Giving
$2.9M
-65.4% YoY
Grant Count
32
+0.0% YoY
Avg Grant Size
$91K
-65.4% YoY
Under IRS private-foundation payout rules, The Edward L Rispone Family Foundation reported a distributable amount of $578K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports worthy charitable organizations with a structured giving approach:
- Roman Catholic Ministries (approximately 80% of giving) — including Catholic educational institutions and religious education
- Education — supporting educational initiatives
- Social Services — funding human services and family services programs
The foundation's charitable activities are described as supporting "the services of worthy charitable organizations."
Grantmaking
The foundation does not accept unsolicited requests for funds. Grantmaking is by invitation only, with the foundation making grants to preselected charitable organizations.
Grant Range
approximately $263,000
Average Grant
approximately $263,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
Primary focus on Louisiana, with emphasis on the Baton Rouge area. The foundation also funds organizations in Ohio and Florida.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (Most Recent Data):
- Total assets: $13.6–$14 million
- Total giving: $2.9 million
- Total contributions: $2.5 million
- Annual giving (2023): $8.4 million
- Total expenses (2023): $8.48 million
- Total revenue (2023): $1.72 million
Tax Status:
- Designated as a 501(c)(3) organization
- Tax-exempt since July 2000
- EIN: 72-1474941
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,635,795 | $11,206,690 | $17,376,476 |
| Revenue | $5,191,158 | $1,724,706 | $2,815,870 |
| Expenses | $2,954,703 | $8,484,586 | $954,445 |
| Qualifying Distributions | $2,919,100 | $8,426,504 | $893,299 |
| Net Investment Income | $2,653,855 | $1,618,578 | $480,567 |
| Distributable Amount | $578,487 | $679,075 | $875,055 |
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
183 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Michael High School ($2,124,100), Redemptorist St Gerard Elementary ($220,000), Mercedarian Sisters of the Blessed Sacrament ($121,400).
| Recipient | Purpose | Amount |
|---|---|---|
| BATON ROUGE REGIONAL EYE BANK BATON ROUGE, LA | TO PROVIDE FUNDS TO SUPPORT AN ORGANIZATION THAT PROVIDES THE HIGHEST QUALITY EYE TISSUE TO LOCAL OPHTHALMOLOGISTS FOR TRANSPLANT SURGERY | $1,000 |
| CATHOLIC COMMUNITY RADIO BATON ROUGE, LA | TO PROVIDE FUNDS TO EXPAND THE OUTREACH OF A CHRISTIAN RADIO STATION | $27,500 |
| CATHOLIC HIGH SCHOOL MEN'S CLUB BATON ROUGE, LA | TO PROVIDE FUNDS TO SUPPORT CHS MEN'S CLUB | $100 |
| CHRIST THE KING CATHOLIC CHURCH BATON ROUGE, LA | TO PROVIDE FUNDS TO SUPPORT THE OPERATIONS OF A CHRISTIAN CHURCH | $50,000 |
| LA PEDIATRIC CARDIOLOGY FOUNDATION BATON ROUGE, LA | TO PROVIDE FUNDS TO SUPPORT AN ORGANIZATION WHO HELPS EASE THE FINANCIAL BURDEN OF LIFE-SAVING HEART SURGERIES. | $1,500 |
| LOUISIANA RIGHT TO LIFE NEW ORLEANS, LA | TO PROVIDE FUNDS TO SUPPORT A PRO-LIFE ORGANIZATION | $7,500 |
| MISSION HEARTS BATON ROUGE, LA | TO PROVIDE FUNDS TO SUPPORT AN ORGANIZATION THAT SERVES HOMELESS, RUNAWAY, AND TRANSITIONAL YOUTH IN CRISIS BY PROVIDING SHELTER, EDUCATIONAL SUPPORT, MENTORING, AND FAMILY REUNIFICATION | $10,000 |
| NOTRE DAME SEMINARY NEW ORLEANS, LA | TO PROVIDE FUNDS TO SUPPORT A CHRISTIAN UNIVERSITY | $10,000 |
| PRAIRIEVILLE CEMETERY PRAIRIEVILLE, LA | TO PROVIDE FUNDS TO SUPPORT THE CEMETERY | $500 |
| REDEMPTORIST ST GERARD ELEMENTARY BATON ROUGE, LA | TO PROVIDE FUNDS TO SUPPORT A CHRISTIAN ELEMENTARY SCHOOL | $220,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed personally by Edward L. Rispone and his current wife Linda, with no paid staff. Board members include:
- Edward L Rispone — President
- Lauren Rispone Read — Secretary
- Thad E Rispone — Treasurer
- Dena R Balart — Director
- Linda L Rispone — Director
- Benjamin S Lemoine — Director
- Seth A Lemoine — Director
- Skye Lemoine Bray — Director
- Kevin J Rispone — Director
All board members serve 0.5 hours per week with no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD L RISPONE | PRESIDENT | 0.5 | — |
| LAUREN RISPONE READ | SECRETARY | 0.5 | — |
| THAD E RISPONE | TREASURER | 0.5 | — |
| DENA R BALART | DIRECTOR | 0.5 | — |
| LINDA L RISPONE | DIRECTOR | 0.5 | — |
| BENJAMIN S LEMOINE | DIRECTOR | 0.5 | — |
| SETH A LEMOINE | DIRECTOR | 0.5 | — |
| SKYE LEMOINE BRAY | DIRECTOR | 0.5 | — |
| KEVIN J RISPONE | DIRECTOR | 0.5 | — |
Contact Information
Address: 18250 S Mission Hills Ave, Baton Rouge, LA 70810-7974
Telephone: 225-756-8001
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Edward L Rispone Family Foundation fund?
The foundation supports worthy charitable organizations with a structured giving approach: • **Roman Catholic Ministries** (approximately 80% of giving) — including Catholic educational institutions and religious education • **Education** — supporting educational initiatives • **Social Services** — funding human services and family services programs The foundation's charitable activities are described as supporting "the services of worthy charitable organizations."
How do I apply for a grant from The Edward L Rispone Family Foundation?
**Grant Activity:** • Annual giving: $8.4 million (2023) • Total giving: $2.9 million (most recent filing) • Number of grants: 32 awards (2023) • Average grant size: approximately $263,000 • Grant range: $10,000 (median) to $2.1 million (maximum) • Typical awards: $100–$5,004,400 **Application Process:** The foundation does not accept unsolicited requests for funds. Grantmaking is by invitation only, with the foundation making grants to preselected charitable organizations.
Where does The Edward L Rispone Family Foundation make grants?
Primary focus on Louisiana, with emphasis on the Baton Rouge area. The foundation also funds organizations in Ohio and Florida.
What size grants does The Edward L Rispone Family Foundation award?
In 2024, The Edward L Rispone Family Foundation awarded 32 grants totaling $2.9M — an average of about $91K per grant, based on its IRS Form 990 filings.
How much is The Edward L Rispone Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Edward L Rispone Family Foundation reported a distributable amount of $578K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Edward L Rispone Family Foundation's EIN?
The Edward L Rispone Family Foundation's EIN (Employer Identification Number) is 72-1474941. IRS Form 990 filing data is available on this page for 2020–2024.
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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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