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 2025. As of 2025, the organization holds $793K in total assets. In 2025, it awarded 2 grants totaling $43K. Net investment income was $91K.
Frank and Iris Young Foundation at a glance
In short: Frank and Iris Young Foundation gave $43K across 2 grants in 2025 (avg $22K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $43,450
- -44.5% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $21,725
- -16.7% vs 2024
- Median grant
- $21,725
- Total assets
- $792,588
- +75.9% vs 2024
- Primary geography
- California (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Frank and Iris Young Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was SOAR Foundation ($42K). Together the top 2 received $43K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 12 grants of 13 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Frank and Iris Young Foundation gives
- Giving fell 45% from 2022 to 2025. Method
- In 2025 it paid out 80% 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 2020 to 2025, annual grant giving ranged from $28K (2020) to $94K (2023). In 2025 it made 2 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SOAR Foundation Fremont, CA | For assistance to indigent families | $42,450 |
| General Funbd Washington, DC | General Fund | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $792,588 | $390,742 | $61,780 | $43,450 | 2 | $43,450 | $90,576 | $54,079 |
| 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 $54K for 2025 — 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 2025 report compensation.
Officers on the 2025 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, 2020–2025. "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 Frank and Iris Young Foundation
How much does Frank and Iris Young Foundation give each year?
Frank and Iris Young Foundation gave $43K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $78K across 3 grants.
How large is Frank and Iris Young Foundation?
Frank and Iris Young Foundation reported $793K in total assets on its 2025 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $54K (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.
Where does Frank and Iris Young Foundation operate?
Frank and Iris Young Foundation has awarded grants in California, District of Columbia, New York, Ohio.
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 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 23, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Frank and Iris Young Foundation funds
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