The assets of Thibodaux's top foundations grew to $27,226,158 for the most recent year on record, according to the newly released Louisiana Foundation DataBook. The 384-page DataBook lists all 901 of Louisiana's foundations, and features comprehensive profiles of the top 227 grantmaking foundations, whose assets represent more than 98% of all Louisiana foundation assets.
There are 2 Thibodaux-based foundations profiled in the DataBook. The combined total of the grants awarded by those foundations was $1,236,571. Thibodaux nonprofit organizations received 59 grants with a combined total of $1,116,803. The average grant to Thibodaux nonprofit organizations was $18,929.
The DataBook is the only directory in Louisiana that lists every one of the 6,692 grants awarded by the state's largest foundations. Each grant is described using the 26 Major Field Areas of the National Taxonomy of Exempt Entities (NTEE) classification system, developed specifically to categorize nonprofit organizations.
The top categories of foundation grants in Thibodaux were: 23 grants classified as Education, with a sub-total of $549,526; 8 grants classified as Religion, spiritual development, with a sub-total of $270,127; 4 grants classified as Community improvement, development, with a sub-total of $169,000. Thibodaux's largest foundation is the Lorio Foundation, whose assets of $22,415,997 give it a state-wide ranking of 13, as compared to the other 226 foundations profiled.
The largest Thibodaux grant, made by Lorio Foundation, was to City Of Thibodaux in the amount of $100,000. The purpose was: Senior center. The combined asset amount of Louisiana's top 227 foundations is $1,781,444,263.
The combined asset amount of Louisiana's top 227 foundations is $1,781,444,263. The foundations profiled in the DataBook are identified by careful cross checking of IRS and state public records (starting with the IRS 990 returns foundations are required to file), culling out dedicated purpose foundations or foundations which award scholarships exclusively.
