Charles L Young Sr Foundation

Private foundation · Grantmaker Meridian, MS EIN: 30-0112321

Charles L Young Sr Foundation is a private foundation, based in Meridian, MS. IRS filing data is available from 2019 through 2024. In 2024, it awarded 3 grants totaling $10K. Net investment income was $76K.

Key facts about Charles L Young Sr Foundation

In short: Charles L Young Sr Foundation gave $10K across 3 grants in 2024 (avg $3K), mostly in Mississippi. Source: 2024 IRS Form 990-PF.

EIN
30-0112321
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$9,550
Grants made (2024)
3
Average grant
$3,183
Median grant
$550
Primary geography
Mississippi (94% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$10K

-80.1% YoY

Grant Count

3

-87.0% YoY

Avg Grant Size

$3K

+52.5% YoY

How Charles L Young Sr Foundation gives

  • Giving fell 41% from 2021 to 2024. Method
  • In 2023 it paid out 86% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

MeridianJacksonLormanMontgomeryFlowoodForestComoEnterpriseGlen RockHarlanHuntsvilleNashvilleColumbusHernandoItta BenaRichlandSaddle BrookVicksburgWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K24 grants2019 23 grants2020 24 grants2021 24 grants2022 23 grants2023 3 grants2024

From 2019 to 2024, annual grant giving ranged from $10K (2024) to $48K (2023). In 2024 it made 3 grants totaling $10K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

MCC Foundation: $9KMCC Foundation$9KAlabama State University: $550Alabama State University$550Alcorn State University Meridian: $500Alcorn State UniversityMeridian$500

The largest 2024 recipient was MCC Foundation ($9K). Together the top 3 received $10K.

Grant Size Distribution

97 grants across all recorded years

97<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 97 grants of 97 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
MCC Foundation Meridian, MSScholarship$8,500
Alabama State University Montgomery, ALScholarship$550
Alcorn State University Meridian Meridian, MSScholarship$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets—$1,628,863$1,583,249
Revenue$53,980$58,010$41,352
Expenses$82,178$102,488$89,701
Qualifying Distributions$58,340$68,900$58,142
Net Investment Income$76,297—$139,036
Distributable Amount—$80,222$76,042

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS July 21, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS July 29, 2023)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 8, 2026)
  7. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Charles L Young Sr Foundation's 2024 filing lists 3 officers; all 3 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Arthur S. Young

    Trustee

    On filings since 2019

    10 hrs/week

    $6K (2019) → $5K (2024)

  • Charles L. Young Jr.

    Trustee

    On filings since 2019

    10 hrs/week

    $4K (2019) → $4K (2024)

  • Veldore Young Graham

    Trustee

    On filings since 2019

    10 hrs/week

    $4K (2019) → $3K (2024)

Former officers (1)
  • Former: Deidre Melton (2020–2023) — Trustee

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Arthur S Young — Trustee: $5KArthur S YoungTrustee$5KCharles L Young Jr — Trustee: $4KCharles L Young JrTrustee$4KVeldore Young Graham — Trustee: $3KVeldore Young GrahamTrustee$3K

The highest reported compensation on the 2024 filing was $5K, to Arthur S Young (Trustee). 3 officers or directors reported compensation on that filing.

Frequently asked questions about Charles L Young Sr Foundation

How much does Charles L Young Sr Foundation give each year?

Charles L Young Sr Foundation gave $10K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $48K across 23 grants.

What is Charles L Young Sr Foundation's typical grant size?

Charles L Young Sr Foundation's median grant in 2024 was $550, and its average grant was $3,183, across 3 grants on its 2024 IRS Form 990-PF.

Where does Charles L Young Sr Foundation give grants?

Charles L Young Sr Foundation gives mostly in Mississippi: 94% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Alabama (6%). The most frequent recipient cities were Meridian, MS (2 grants).

Does Charles L Young Sr Foundation give general operating support?

Not in 2024: none of the 3 grants with a stated purpose on Charles L Young Sr Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (3 grants).

What is Charles L Young Sr Foundation's EIN?

Charles L Young Sr Foundation's EIN (Employer Identification Number) is 30-0112321. IRS Form 990 filing data is available on this page for 2019–2024.

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

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