Frank and Iris Young Foundation
Frank and Iris Young Foundation is a private foundation, based in Fremont, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $451K in total assets. In 2024, it awarded 3 grants totaling $78K. Net investment income was $85K.
Frank and Iris Young Foundation at a glance
In short: Frank and Iris Young Foundation gave $78K across 3 grants in 2024 (avg $26K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $78,250
- -16.3% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $26,083
- +11.6% vs 2023
- Median grant
- $21,000
- Total assets
- $450,604
- +4.6% vs 2023
- Primary geography
- New York (54% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Frank and Iris Young Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Fudan University Education Development Foundation ($42K). Together the top 3 received $78K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 14 grants of 15 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Frank and Iris Young Foundation gives
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 267% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $28K (2020) to $94K (2023). In 2024 it made 3 grants totaling $78K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fudan University Education Development Foundation Long Island City, NY | General Fund | $42,250 |
| SOAR Foundation Fremont, CA | General Fund | $21,000 |
| WWII Pacific War Memorial H San Francisco, CA | General Fund | $15,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $450,604 | $104,947 | $85,050 | $78,250 | 3 | $78,250 | $84,735 | $29,294 |
| 2023 | $430,707 | $46,236 | $100,414 | $93,500 | 4 | $93,500 | $25,756 | $28,374 |
| 2022 | $484,885 | $12,306 | $93,602 | $79,000 | 2 | $79,000 | $34,116 | $28,845 |
| 2021 | $566,181 | $140,925 | $77,639 | $67,000 | 2 | $67,000 | $90,925 | $37,929 |
| 2020 | $502,895 | $43,857 | $40,292 | $27,700 | 4 | — | $43,857 | $31,877 |
Under IRS private-foundation payout rules, Frank and Iris Young Foundation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frank and Iris Young Foundation is led by Gary Young, Presiden CEO on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gary Young
Presiden CEO
On filings since 2020
10 hrs/week
No compensation reported
Kaite Wu
Secretary
On filings since 2020
1 hr/week
No compensation reported
Ru Wu
CFO
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Frank and Iris Young Foundation
How much does Frank and Iris Young Foundation give each year?
Frank and Iris Young Foundation gave $78K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $94K across 4 grants.
What is Frank and Iris Young Foundation's typical grant size?
Frank and Iris Young Foundation's median grant in 2024 was $21,000, and its average grant was $26,083, across 3 grants on its 2024 IRS Form 990-PF.
Where does Frank and Iris Young Foundation give grants?
Frank and Iris Young Foundation gives mostly in New York: 54% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (46%).
Does Frank and Iris Young Foundation give general operating support?
Yes: 100% of Frank and Iris Young Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Frank and Iris Young Foundation?
Frank and Iris Young Foundation reported $451K in total assets on its 2024 IRS Form 990-PF. It paid out $78K in qualifying distributions that year, against a required minimum of $29K (roughly 5% of its investment assets).
What is Frank and Iris Young Foundation's EIN?
Frank and Iris Young Foundation's EIN (Employer Identification Number) is 94-3373578. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Frank and Iris Young Foundation funds
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