Albert H Young

Foundation · Grantmaker Bangor, ME EIN: 01-6136971

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.

Key facts about Albert H Young

EIN: 01-6136971
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $42,695
Grants made (2024): 10
Average grant: $4,270
Median grant: $1,950
Total assets: $704,377
Primary geography: Maine (88% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Albert H Young funds

By grant dollars, the top recipient states for Albert H Young's 10 itemized 2024 grants were Maine (88%) and Florida (6%). The most frequent recipient cities were Bangor, ME (2 grants). None of its 10 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (9 grants).

How Albert H Young gives

60% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (−6%). Method
In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$704K

-0.9% YoY

Annual Giving

$43K

-9.1% YoY

Grant Count

-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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $37K (88%)

Florida $3K (6%)

Illinois $1K (3%)

New York $1K (3%)

Share of all 10 itemized 2024 grant dollars.

States

California Florida Illinois Massachusetts Maine Michigan North Carolina New York Pennsylvania Utah Vermont

Cities

BangorAugustaGorhamOronoAlfredBostonCastineFarmingtonFort MyersWatervilleBar HarborBenningtonBoca RatonBronxvilleBurbankCambridgeGreensboroIthacaJacksonMidlebury

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients include Husson University ($15,395), Maine Maritime Academy ($10,400), University of Maine Augusta ($3,900).

Recipient	Purpose	Amount
HUSSON UNIVERSITY Bangor, ME	SCHOLARSHIP	$15,395
MAINE MARITIME ACADEMY Castine, ME	SCHOLARSHIP	$10,400
UNIVERSITY OF MAINE AUGUSTA Augusta, ME	SCHOLARSHIP	$3,900
THOMAS COLLEGE Waterville, ME	SCHOLARSHIP	$3,900
Eastern Maine Community College Bangor, ME	SCHOLARSHIP	$2,600
UNIVERSITY OF SOUTHERN MAINE Gorham, ME	SCHOLARSHIP	$1,300
WHEATON COLLEGE Wheaton, IL	SCHOLARSHIP	$1,300
ALFRED UNIVERSITY Alfred, NY	SCHOLARSHIP	$1,300
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 2021 IRS filing

Name	Title	Hours	Compensation
Bangor Savings	Trustee	1	$5,279

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

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.