Walter J & Ada Kraeger Memorial Scholarship

NEW ORLEANS, LA EIN: 76-0504933

Walter J & Ada Kraeger Memorial Scholarship is a private foundation, based in NEW ORLEANS, LA. IRS filing data is available from 2021 through 2024. In 2024, it awarded 5 grants totaling $215K. Net investment income was $16K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$215K

+5265.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$43K

+5265.2% YoY

Under IRS private-foundation payout rules, Walter J & Ada Kraeger Memorial Scholarship reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

About Walter J & Ada Kraeger Memorial Scholarship

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $229K (100%)

States

Texas

Cities

Beaumont

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	—	$204,435	$201,977
Revenue	$21,957	$15,179	$34,536
Expenses	$226,439	$12,754	$13,627
Qualifying Distributions	$219,538	$6,520	$8,012
Net Investment Income	$16,440	$10,581	$29,052
Distributable Amount	$9,823	$9,665	$11,227

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

18 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Lamar University Foundation ($211,607), Lamar University- Modesto Moreno ($1,000), Lamar University- Bethany Storms ($1,000).

Recipient	Purpose	Amount
LAMAR UNIVERSITY- MODESTO MORENO BEAUMONT, TX	SCHOLARSHIPS	$1,000
LAMAR UNIVERSITY- BETHANY STORMS BEAUMONT, TX	SCHOLARSHIPS	$1,000
LAMAR UNIVERSITY- CORA PITTS BEAUMONT, TX	SCHOLARSHIPS	$500
LAMAR UNIVERSITY- KINDRED NGUYEN BEAUMONT, TX	SCHOLARSHIP	$500
LAMAR UNIVERSITY FOUNDATION BEAUMONT, TX	SCHOLARSHIPS	$211,607

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HANCOCK WHITNEY BANK	TRUSTEE	1	$7,125

Frequently Asked Questions

Where does Walter J & Ada Kraeger Memorial Scholarship operate?

Walter J & Ada Kraeger Memorial Scholarship has awarded grants in Texas.

What size grants does Walter J & Ada Kraeger Memorial Scholarship award?

In 2024, Walter J & Ada Kraeger Memorial Scholarship awarded 5 grants totaling $215K — an average of about $43K per grant, based on its IRS Form 990 filings.

How much is Walter J & Ada Kraeger Memorial Scholarship required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter J & Ada Kraeger Memorial Scholarship reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Walter J & Ada Kraeger Memorial Scholarship's EIN?

Walter J & Ada Kraeger Memorial Scholarship's EIN (Employer Identification Number) is 76-0504933. IRS Form 990 filing data is available on this page for 2021–2024.