Walter J & Ada Kraeger Memorial Scholarship
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.
Walter J & Ada Kraeger Memorial Scholarship at a glance
In short: Walter J & Ada Kraeger Memorial Scholarship gave $215K across 5 grants in 2024 (avg $43K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $214,607
- +5265.2% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $42,921
- +5265.2% vs 2023
- Median grant
- $1,000
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Walter J & Ada Kraeger Memorial Scholarship funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Lamar University Foundation ($212K). Together the top 5 received $215K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 17 grants of 18 (94%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Walter J & Ada Kraeger Memorial Scholarship gives
- Giving grew 5265% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $4K (2021) to $215K (2024). In 2024 it made 5 grants totaling $215K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lamar University Foundation Beaumont, TX | Scholarships | $211,607 |
| 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 |
Ready to take the next step with Walter J & Ada Kraeger Memorial Scholarship?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $21,957 | $226,439 | $214,607 | 5 | $219,538 | $16,440 | $9,823 |
| 2023 | $204,435 | $15,179 | $12,754 | $4,000 | 5 | $6,520 | $10,581 | $9,665 |
| 2022 | $201,977 | $34,536 | $13,627 | $6,000 | 7 | $8,012 | $29,052 | $11,227 |
| 2021 | $181,091 | $18,418 | $10,996 | $4,000 | 1 | — | $13,715 | $11,123 |
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.
Leadership & Key People
Officers and directors from IRS filings
Walter J & Ada Kraeger Memorial Scholarship's only listed officer is Hancock Whitney Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2024 filing
Hancock Whitney Bank
Trustee
On filings since 2021
1 hr/week
$6K (2021) → $7K (2024)
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $7K, to Hancock Whitney Bank (Trustee).
Frequently asked questions about Walter J & Ada Kraeger Memorial Scholarship
How much does Walter J & Ada Kraeger Memorial Scholarship give each year?
Walter J & Ada Kraeger Memorial Scholarship gave $215K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 5 grants.
What is Walter J & Ada Kraeger Memorial Scholarship's typical grant size?
Walter J & Ada Kraeger Memorial Scholarship's median grant in 2024 was $1,000, and its average grant was $42,921, across 5 grants on its 2024 IRS Form 990-PF.
Where does Walter J & Ada Kraeger Memorial Scholarship give grants?
Walter J & Ada Kraeger Memorial Scholarship gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Beaumont, TX (5 grants).
Does Walter J & Ada Kraeger Memorial Scholarship give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Walter J & Ada Kraeger Memorial Scholarship's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (4 grants).
Who are Walter J & Ada Kraeger Memorial Scholarship's largest grantees?
Walter J & Ada Kraeger Memorial Scholarship's largest 2024 grantees include Lamar University Foundation ($211,607), Lamar University- Modesto Moreno ($1,000) and Lamar University- Bethany Storms ($1,000), according to its 2024 IRS Form 990-PF.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in Walter J & Ada Kraeger Memorial Scholarship's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Crenshaw Family Foundation
Beaumont, TX
Assets
$453K
Grants
1
Total Given
$40K
Mark and Katie Bowles Family Foundation
La Jolla, CA
Assets
$98K
Grants
1
Total Given
$5K
Thomas Joseph Frank Foundation
Beaumont, TX
Assets
$330K
Grants
1
Total Given
$35K
Tom & Melba Harken Foundation Inc
Flint, TX
Assets
—
Grants
2
Total Given
$22K
Noah Rodriguez Memorial Scholarship Fund
Pflugerville, TX
Assets
$22K
Grants
3
Total Given
$3K
Marrs McLean Scholarship Trust
Junction, TX
Assets
—
Grants
4
Total Given
$19K
More similar funders
More Funders in Louisiana
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Walter J & Ada Kraeger Memorial Scholarship's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Walter J & Ada Kraeger Memorial Scholarship down — hundreds of funders to go?