Albert H Young is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BANGOR, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $704K in total assets. In 2024, it awarded 10 grants totaling $43K. Net investment income was $38K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$704K
-0.9% YoY
Annual Giving
$43K
-9.1% YoY
Grant Count
10
-16.7% YoY
Avg Grant Size
$4K
+9.0% YoY
Under IRS private-foundation payout rules, Albert H Young reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About Albert H Young
Based on IRS filings
Albert H Young is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BANGOR, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $704K in total assets. In 2024, it awarded 10 grants totaling $43K. Net investment income was $38K.
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 | $704,377 | $710,421 | $732,322 |
| Revenue | $44,507 | $31,600 | $53,644 |
| Expenses | $51,372 | $55,465 | $57,294 |
| Qualifying Distributions | $44,898 | $49,970 | $53,936 |
| Net Investment Income | $38,431 | $26,324 | $48,187 |
| Distributable Amount | $45,042 | $44,902 | $44,621 |
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
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Husson University ($15,395), Maine Maritime Academy ($10,400), University of Maine Augusta ($3,900).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF SOUTHERN MAINE GORHAM, ME | SCHOLARSHIP | $1,300 |
| WHEATON COLLEGE WHEATON, IL | SCHOLARSHIP | $1,300 |
| HUSSON UNIVERSITY BANGOR, ME | SCHOLARSHIP | $15,395 |
| UNIVERSITY OF MAINE AUGUSTA AUGUSTA, ME | SCHOLARSHIP | $3,900 |
| THOMAS COLLEGE Waterville, ME | SCHOLARSHIP | $3,900 |
| MAINE MARITIME ACADEMY Castine, ME | SCHOLARSHIP | $10,400 |
| ALFRED UNIVERSITY ALFRED, NY | SCHOLARSHIP | $1,300 |
| Eastern Maine Community College BANGOR, ME | SCHOLARSHIP | $2,600 |
| FLORIDA GULF COAST UNIVERSITY FORT MYERS, FL | SCHOLARSHIP | $1,300 |
| FLORIDA ATLANTIC UNIVERSITY Boca Raton, FL | SCHOLARSHIPS | $1,300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Albert H Young?
Albert H Young is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BANGOR, ME. It holds $704K in total assets as of 2024.
How large is Albert H Young?
As of 2024, Albert H Young holds $704K in total assets with $45K in annual revenue. It awarded 10 grants totaling $43K in 2024.
Where does Albert H Young operate?
Albert H Young has awarded grants in California, Florida, Illinois, Massachusetts, Maine, Michigan, North Carolina, New York, Pennsylvania, Utah, Vermont.
What size grants does Albert H Young award?
In 2024, Albert H Young awarded 10 grants totaling $43K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Albert H Young required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Albert H Young reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Albert H Young's EIN?
Albert H Young's EIN (Employer Identification Number) is 01-6136971. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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