Albert H Young
Albert H Young is a private foundation based in Bangor, Maine. Its 2025 filing lists scholarship grants to individual recipients and an individual recipient Community College.
Albert H Young at a glance
In short: Albert H Young gave $27K across 16 grants in 2025 (avg $2K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $27,006
- -36.7% vs 2024
- Grants made (2025)
- 16
- +60.0% vs 2024
- Average grant
- $1,688
- -60.5% vs 2024
- Median grant
- $1,225
- Total assets
- $703,624
- -0.1% vs 2024
- Primary geography
- Maine (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Albert H Young
- How to Apply
-
The filing says an application request is required and lists no restrictions on awards. It directs applicants to contact George Stevens Academy.
- Review Cycle
- May 1, as listed on the 2025 filing; this deadline has passed.
- Deadline
- May 1, as listed on the 2025 filing; this deadline has passed.
- Contact
Application contact: George Stevens Academy
Mailing address: C/O Trudy Bell 23 Union Street, Blue Hill, ME 04614
Phone: (207) 374-2800
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Albert H Young funds
How this funder distributes its grants
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 66 grants of 66 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 87% of grant dollars went to recipients in Maine, 7% to New York, 5% to Massachusetts, and 1% to Iowa.
Grant Distribution by State
Share of 2025 grant dollars across all 16 itemized grants.
States
Cities
How Albert H Young gives
- Giving fell 45% from 2022 to 2025. Method
- In 2025 it paid out 64% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $27K (2025) to $49K (2022). In 2025 it made 16 grants totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 16 individual scholarships Recipients not named | — | $27,006 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $703,624 | $35,536 | $36,081 | $27,006 | 16 | $29,250 | $29,375 | $45,984 |
| 2024 | $704,377 | $44,507 | $51,372 | $42,695 | 10 | $44,898 | $38,431 | $45,042 |
| 2023 | $710,421 | $31,600 | $55,465 | $46,995 | 12 | $49,970 | $26,324 | $44,902 |
| 2022 | $732,322 | $53,644 | $57,294 | $48,840 | 12 | $53,936 | $48,187 | $44,621 |
| 2021 | $736,526 | $62,404 | $55,442 | $45,230 | 16 | $51,051 | $55,849 | $49,992 |
| 2020 | $729,475 | $76,650 | $54,520 | $45,000 | 22 | — | $72,319 | $43,402 |
Under IRS private-foundation payout rules, Albert H Young reported a distributable amount of $46K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement is provided. The listed 2025 grants were for scholarships.
Grantmaking
In 2025, the foundation gave $27,006 through 16 grants. The grants ranged from $306 to $5,000, with a median grant of $1,225. The largest listed grants were two $5,000 scholarships to individual recipients in Maine and a $2,000 scholarship to an individual recipient in an individual recipient Community College received a $1,225 scholarship grant.
Leadership & Key People
Leadership team and compensation from IRS filings
Bangor Savings Bank is listed as trustee on the 2025 filing.
Albert H Young's only listed officer is Bangor Savings Bank, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
Bangor Savings Bank
Trustee
On filings since 2023
1 hr/week
$5K (2023) → $5K (2025)
Former officers (1)
- Former: Bangor Savings (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $5K, to Bangor Savings Bank (Trustee).
Frequently asked questions about Albert H Young
How much does Albert H Young give each year?
Albert H Young gave $27K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $43K across 10 grants.
What is Albert H Young's typical grant size?
Albert H Young's median grant in 2025 was $1,225, and its average grant was $1,688, across 16 grants on its 2025 IRS Form 990-PF.
Where does Albert H Young give grants?
Albert H Young gives mostly in Maine: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (7%).
Does Albert H Young give general operating support?
Not in 2025: none of the 16 grants with a stated purpose on Albert H Young's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (16 grants).
How large is Albert H Young?
Albert H Young reported $704K in total assets on its 2025 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $46K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Albert H Young fund?
No mission statement is provided. The listed 2025 grants were for scholarships. See mission & focus areas ↑
How do I apply for a grant from Albert H Young?
The filing says an application request is required and lists no restrictions on awards. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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