The Schoonover Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHREVEPORT, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6K in total assets. In 2024, it awarded 6 grants totaling $43K. Net investment income was $424.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6K
-80.0% YoY
Annual Giving
$43K
Grant Count
6
Avg Grant Size
$7K
Under IRS private-foundation payout rules, The Schoonover Foundation reported a distributable amount of $809 for 2024 — the minimum it must pay out in qualifying distributions.
About The Schoonover Foundation
Based on IRS filings
The Schoonover Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHREVEPORT, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6K in total assets. In 2024, it awarded 6 grants totaling $43K. Net investment income was $424.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,890 | $29,473 | $3,690 |
| Revenue | $19,234 | $25,933 | — |
| Expenses | $42,817 | $150 | $150 |
| Qualifying Distributions | $42,667 | — | — |
| Net Investment Income | $424 | — | — |
| Distributable Amount | $809 | $817 | $182 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Turn It Gold ($20,000), Ohio University Foundation ($5,000), Cabosa ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA of Northwest Louisiana Shreveport, LA | Support Athletics | $4,167 |
| Yes Prep Public Schools Houston, TX | Educational | $3,500 |
| Ohio University Foundation Athens, OH | Educational | $5,000 |
| Turn It Gold Houston, TX | Helping Cancer Patients | $20,000 |
| CABOSA Shreveport, LA | Support Athletics | $5,000 |
| Memorial Assistance Ministries Houston, TX | Religious | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kristen S Erler | Secretary | — | — |
| Michelle L Payne | President & CEO | — | — |
| David L Schoonover | Director | — | — |
| Brett S Schoonover | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Schoonover Foundation?
The Schoonover Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHREVEPORT, LA. It holds $6K in total assets as of 2024.
How large is The Schoonover Foundation?
As of 2024, The Schoonover Foundation holds $6K in total assets with $19K in annual revenue. It awarded 6 grants totaling $43K in 2024.
Where does The Schoonover Foundation operate?
The Schoonover Foundation has awarded grants in Louisiana, Ohio, Texas.
What size grants does The Schoonover Foundation award?
In 2024, The Schoonover Foundation awarded 6 grants totaling $43K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Schoonover Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Schoonover Foundation reported a distributable amount of $809 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Schoonover Foundation's EIN?
The Schoonover Foundation's EIN (Employer Identification Number) is 72-1462460. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Schoonover Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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