Carol Elizabeth Young Foundation

Private foundation · Grantmaker Norwich, VT EIN: 73-1291004

Carol Elizabeth Young Foundation is a private foundation focused on Human Services, based in Norwich, VT. IRS filing data is available from 2020 through 2023. In 2023, it awarded 3 grants totaling $265K. Net investment income was $3K.

Key facts about Carol Elizabeth Young Foundation

In short: Carol Elizabeth Young Foundation gave $265K across 3 grants in 2023 (avg $88K), mostly in Oklahoma. Source: 2023 IRS Form 990-PF.

EIN
73-1291004
Latest 990 filing
Form 990-PF, 2023
Annual giving (2023)
$264,555
Grants made (2023)
3
Average grant
$88,185
Median grant
$60,000
Primary geography
Oklahoma (100% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$265K

+381.0% YoY

Grant Count

3

+50.0% YoY

Avg Grant Size

$88K

+220.7% YoY

Under IRS private-foundation payout rules, Carol Elizabeth Young Foundation reported a distributable amount of $6K for 2023 — the minimum it must pay out in qualifying distributions.

How Carol Elizabeth Young Foundation gives

  • Giving grew 429% from 2020 to 2023. Method
  • In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2023 grant dollars across all 3 itemized grants.

States

Cities

Oklahoma CityNormanTulsa

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K2 grants2020 2 grants2021 2 grants2022 3 grants2023

From 2020 to 2023, annual grant giving ranged from $50K (2020) to $265K (2023). In 2023 it made 3 grants totaling $265K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2023

The University of Oklahoma Fdn: $202KThe University of Oklahoma Fdn$202KWorld Neighbors: $60KWorld Neighbors$60KMeals on Wheels of Metro Tulsa: $3KMeals on Wheels of Metro Tulsa$3K

The largest 2023 recipient was The University of Oklahoma Fdn ($202K). Together the top 3 received $265K.

Grant Size Distribution

9 grants across all recorded years

6<$50K1$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 9 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The University of Oklahoma Fdn Norman, OKGeneral Purposes$202,055
World Neighbors Oklahoma City, OKGeneral Purposes$60,000
Meals on Wheels of Metro Tulsa Tulsa, OKGeneral Purposes$2,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023
Metric202320222021
Total Assets—$261,263$315,821
Revenue$3,231$501$1,746
Expenses$265,331$55,059$167,404
Qualifying Distributions$264,940$55,000$167,328
Net Investment Income$2,846$442$1,670
Distributable Amount$6,288$14,205$19,611

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2023

Leadership & Key People

Officers and directors from IRS filings

Carol Elizabeth Young Foundation is led by Lee W. Young, President on every filing since 2020; none of the 2 officers listed in 2023 report compensation.

Officers on the 2023 filing

  • Lee W. Young

    President

    On filings since 2020

    No compensation reported

  • Marie Elise Young

    Treasurer

    On filings since 2020

    No compensation reported

Former officers (1)
  • Former: Jean M. Warren (2020–2021) — Vice President

Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Carol Elizabeth Young Foundation

How much does Carol Elizabeth Young Foundation give each year?

Carol Elizabeth Young Foundation gave $265K across 3 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $55K across 2 grants.

What is Carol Elizabeth Young Foundation's typical grant size?

Carol Elizabeth Young Foundation's median grant in 2023 was $60,000, and its average grant was $88,185, across 3 grants on its 2023 IRS Form 990-PF.

Where does Carol Elizabeth Young Foundation give grants?

Carol Elizabeth Young Foundation gives mostly in Oklahoma: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there.

Does Carol Elizabeth Young Foundation give general operating support?

Yes: 100% of Carol Elizabeth Young Foundation's 2023 grants with a stated purpose (3 of 3) were for general or operating support, per its 2023 IRS Form 990-PF.

What is Carol Elizabeth Young Foundation?

Carol Elizabeth Young Foundation is a private foundation focused on Human Services, based in Norwich, VT.

How much is Carol Elizabeth Young Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Carol Elizabeth Young Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Carol Elizabeth Young Foundation's EIN?

Carol Elizabeth Young Foundation's EIN (Employer Identification Number) is 73-1291004. IRS Form 990 filing data is available on this page for 2020–2023.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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