FM and Gloria Young Family Foundation
FM and Gloria Young Family Foundation is a private foundation, based in Waco, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 9 grants totaling $53K. Net investment income was $107K.
FM and Gloria Young Family Foundation at a glance
In short: FM and Gloria Young Family Foundation gave $53K across 9 grants in 2025 (avg $6K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $52,500
- -7.3% vs 2024
- Grants made (2025)
- 9
- -10.0% vs 2024
- Average grant
- $5,833
- +3.0% vs 2024
- Median grant
- $5,000
- Total assets
- $1,315,737
- +4.1% vs 2024
- Primary geography
- Texas (97% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who FM and Gloria Young Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was The Salvation Army Wacomclennan County ($15K). Together the top 8 received $53K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 24 grants of 25 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How FM and Gloria Young Family Foundation gives
- Giving grew 929% from 2022 to 2025. Method
- In 2025 it paid out 74% 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 2019 to 2025, annual grant giving ranged from $500 (2023) to $126K (2021). In 2025 it made 9 grants totaling $53K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Salvation Army Wacomclennan County Waco, TX | Community Development | $15,000 |
| Speegleville Volunteer Fire Department Waco, TX | New Fire Station Building Fund | $15,000 |
| Baylor University Waco, TX | Texas Collection-Special | $5,000 |
| Eagle's Wings Retreat Center Burnet, TX | Endowment | $5,000 |
| Baylor University Waco, TX | Vera Daniel Memorial Village Beautification Fund | $5,000 |
| McLennan Community College Foundation Waco, TX | Student Scholarships | $5,000 |
| Family Abuse Center Waco, TX | General Opperating Support | $1,000 |
| Shriners Children's Hospital Tampa, FL | Pediatric Specialty Care | $1,000 |
| Colel Chabad Brooklyn, NY | Israeli Social Service Agency | $500 |
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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 | $1,315,737 | $111,046 | $58,639 | $52,500 | 9 | $52,787 | $107,101 | $71,183 |
| 2024 | $1,263,330 | $89,810 | $62,281 | $56,636 | 10 | $56,883 | $85,396 | $66,067 |
| 2023 | $1,235,801 | $9,664 | $4,763 | $500 | 1 | $500 | $33,810 | $59,231 |
| 2022 | $1,230,900 | $3,202 | $11,511 | $5,100 | 2 | $5,100 | $32,734 | $60,071 |
| 2021 | $1,239,209 | $177,384 | $134,707 | $126,400 | 3 | $126,400 | $173,635 | $67,646 |
| 2020 | $1,196,532 | $273,981 | $122,653 | $116,000 | 4 | — | $199,280 | $56,968 |
| 2019 | $1,046,920 | $127,396 | $57,076 | $51,500 | 6 | — | $88,114 | $53,641 |
Under IRS private-foundation payout rules, FM and Gloria Young Family Foundation reported a distributable amount of $71K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
FM and Gloria Young Family Foundation is led by Gloria Young, President, Secretary & Director on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gloria Young
President, Secretary & Director
On filings since 2019
No compensation reported
Davis Young
Director
On filings since 2019
No compensation reported
Kimberly Jung
Director
On filings since 2019
No compensation reported
Melanie Sheedy
Director
On filings since 2019
No compensation reported
Susan Abplanalp
Director
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 FM and Gloria Young Family Foundation
How much does FM and Gloria Young Family Foundation give each year?
FM and Gloria Young Family Foundation gave $53K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $57K across 10 grants.
What is FM and Gloria Young Family Foundation's typical grant size?
FM and Gloria Young Family Foundation's median grant in 2025 was $5,000, and its average grant was $5,833, across 9 grants on its 2025 IRS Form 990-PF.
Where does FM and Gloria Young Family Foundation give grants?
FM and Gloria Young Family Foundation gives mostly in Texas: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Waco, TX (6 grants).
Does FM and Gloria Young Family Foundation give general operating support?
Yes: 11% of FM and Gloria Young Family Foundation's 2025 grants with a stated purpose (1 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are FM and Gloria Young Family Foundation's largest grantees?
FM and Gloria Young Family Foundation's largest 2025 grantees include The Salvation Army Wacomclennan County ($15,000), Speegleville Volunteer Fire Department ($15,000) and Baylor University ($10,000 across 2 grants), according to its 2025 IRS Form 990-PF. Together they received 76% of its itemized 2025 grant dollars.
How large is FM and Gloria Young Family Foundation?
FM and Gloria Young Family Foundation reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $53K in qualifying distributions that year, against a required minimum of $71K (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 is FM and Gloria Young Family Foundation's EIN?
FM and Gloria Young Family Foundation's EIN (Employer Identification Number) is 20-1349638. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 20, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 29, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 31, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in FM and Gloria Young Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). FM and Gloria Young Family Foundation funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/fm-and-gloria-young-family-foundation-morg_b9607eea8fa54a5a8f6192cbf5f166ef
BibTeX
@misc{grantable_201349638_2026,
author = {{Grantable}},
title = {{FM and Gloria Young Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/fm-and-gloria-young-family-foundation-morg_b9607eea8fa54a5a8f6192cbf5f166ef},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from FM and Gloria Young Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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