Thomas B Favrot Jr Family Fund
Thomas B Favrot Jr Family Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COVINGTON, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $578K in total assets. In 2024, it awarded 63 grants totaling $65K. Net investment income was $58K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$578K
+0.6% YoY
Annual Giving
$65K
+14.5% YoY
Grant Count
63
+16.7% YoY
Avg Grant Size
$1K
-1.8% YoY
Under IRS private-foundation payout rules, Thomas B Favrot Jr Family Fund reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About Thomas B Favrot Jr Family Fund
Based on IRS filings
Thomas B Favrot Jr Family Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COVINGTON, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $578K in total assets. In 2024, it awarded 63 grants totaling $65K. Net investment income was $58K.
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 | $577,509 | $574,090 | $633,393 |
| Revenue | $58,228 | $18,199 | $40,234 |
| Expenses | $68,903 | $77,502 | $48,478 |
| Qualifying Distributions | $64,689 | $56,476 | $40,395 |
| Net Investment Income | $58,014 | $29,444 | $40,234 |
| Distributable Amount | $34,595 | $33,057 | $35,075 |
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
177 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Red Cross ($16,000), St Charles Ave Presbyterian Church ($8,086), Edna Gladney Center ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY NEW ORLEANS, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $500 |
| AMERICAN RED CROSS NEW ORLEANS, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $16,000 |
| AUDUBON NATURE INSTITUTE NEW ORLEANS, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $500 |
| BASTIAN COMMUNITY OF RESILIENCE NEW ORLEANS, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $2,000 |
| CAFE HOPE MARRERO, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $300 |
| CAFE RECONCILE NEW ORLEANS, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $500 |
| CHILDREN'S HOSPITAL OF NEW ORLEANS NEW ORLEANS, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $4,600 |
| CHILDS WISH OF LOUISIANA METAIRIE, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $300 |
| COVENANT HOUSE NEW ORLEANS, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $350 |
| CRESCENT CITY STAGE NEW ORLEANS, LA | FOR THE GENERAL BENEFIT OF THE CHARITY. | $300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS B FAVROT JR | PRESIDENT | 2 | $4,000 |
| JANET FAVROT | TREASURER/SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Thomas B Favrot Jr Family Fund?
Thomas B Favrot Jr Family Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COVINGTON, LA. It holds $578K in total assets as of 2024.
How large is Thomas B Favrot Jr Family Fund?
As of 2024, Thomas B Favrot Jr Family Fund holds $578K in total assets with $58K in annual revenue. It awarded 63 grants totaling $65K in 2024.
Where does Thomas B Favrot Jr Family Fund operate?
Thomas B Favrot Jr Family Fund has awarded grants in Alabama, Arkansas, District of Columbia, Illinois, Louisiana, Maryland, Mississippi, North Carolina, Tennessee, Texas, Virginia.
What size grants does Thomas B Favrot Jr Family Fund award?
In 2024, Thomas B Favrot Jr Family Fund awarded 63 grants totaling $65K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Thomas B Favrot Jr Family Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomas B Favrot Jr Family Fund reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thomas B Favrot Jr Family Fund's EIN?
Thomas B Favrot Jr Family Fund's EIN (Employer Identification Number) is 72-1318567. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Thomas B Favrot Jr Family Fund'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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