Peg and Rick Young Foundation
The Peg and Rick Young Foundation is a private foundation based in Seattle, Washington. In 2025, it reported 70 grants totaling $400,000, supporting charitable organizations, with nearly all grant dollars going to Washington recipients.
Peg and Rick Young Foundation at a glance
In short: Peg and Rick Young Foundation gave $400K across 70 grants in 2025 (avg $6K), mostly in Washington. 26% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $400,000
- +23.1% vs 2024
- Grants made (2025)
- 70
- +18.6% vs 2024
- Average grant
- $5,714
- +3.7% vs 2024
- Median grant
- $5,000
- Total assets
- $2,676,495
- -9.0% vs 2024
- New grantees (estimate)
- 26% first-time grantees (18 of 70, 2025)
- Primary geography
- Washington (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Peg and Rick Young Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Co Joanne Young PO Box 31878, Seattle, WA 98103
Phone: (206) 633-0752
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Peg and Rick Young Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Northwest Harvest ($26K). Together the top 10 received $143K.
Grant Size Distribution
328 grants across all recorded years
The most common grant size was under $50K: 328 grants of 328 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 98% of grant dollars went to recipients in Washington; Maryland and Virginia each received 1%.
Grant Distribution by State
Share of 2025 grant dollars across all 70 itemized grants.
Cities
Is Peg and Rick Young Foundation open to new grantees?
26%
first-time grantees, 2025
In 2025, 18 of 70 grantees (26%) were first-time recipients. First grants averaged $4K; repeat grants $6K. How we count
Medians: $3K first-time, $5K repeat.
- 66% of 2025 grantees were also funded in 2024. Method
- Giving grew 33% from 2022 to 2025. Method
- In 2025 it paid out 236% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $302K (2022) to $400K (2025). In 2025 it made 70 grants totaling $400K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwest Harvest Seattle, WA | To assist in carrying out the org. Charitable purpose | $26,000 |
| Boys and Girls Club of King County Tukwila, WA | To assist in carrying out the org. Charitable purpose | $21,000 |
| University of Washington Foundation Seattle, WA | To assist in carrying out the org. Charitable purpose | $20,000 |
| Northwest Immigrant Rights Project Seattle, WA | To assist in carrying out the org. Charitable purpose | $14,000 |
| Homage Senior Services Everett, WA | To assist in carrying out the org. Charitable purpose | $12,000 |
| Cascade Public Media Seattle, WA | To assist in carrying out the org. Charitable purpose | $10,000 |
| Edmonds Waterfront Centeredmonds Senior Center Edmonds, WA | To assist in carrying out the org. Charitable purpose | $10,000 |
| KNKX Tacoma, WA | To assist in carrying out the org. Charitable purpose | $10,000 |
| Kuow Puget Sound Public Radio Seattle, WA | To assist in carrying out the org. Charitable purpose | $10,000 |
| National Museum and Center for Service (NMCFS) Edmonds, WA | To assist in carrying out the org. Charitable purpose | $10,000 |
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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 | $2,676,495 | $228,178 | $493,552 | $400,000 | 70 | $448,600 | $185,726 | $190,485 |
| 2024 | $2,941,869 | $244,497 | $411,514 | $325,000 | 59 | $369,631 | $202,614 | $189,509 |
| 2023 | $3,108,886 | $95,356 | $406,511 | $319,750 | 63 | $364,879 | $53,724 | $185,664 |
| 2022 | $3,420,041 | $54,746 | $394,499 | $301,500 | 66 | $342,808 | $45,485 | $196,637 |
| 2021 | $3,766,553 | $428,420 | $439,852 | $337,450 | 70 | $380,174 | $375,242 | $226,102 |
| 2020 | $3,777,985 | $451,775 | $388,191 | $305,750 | 68 | — | $410,086 | $206,824 |
Under IRS private-foundation payout rules, Peg and Rick Young Foundation reported a distributable amount of $190K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s own mission is not stated in the available information. Its 2025 grantees include organizations working in areas such as food access, immigrant legal services, public media, aging services, and the arts. For example, Northwest Immigrant Rights Project describes its work as providing immigration legal services to people with low incomes, community education, and systemic advocacy. Rainier Valley Food Bank describes its mission as nourishing people with good food, empowering them with knowledge, and serving with compassion. Seattle Opera says it aims to thrill, inspire, and educate through the shared experience of opera.
Grantmaking
In 2025, the foundation made 70 grants totaling $400,000. Grants ranged from $1,000 to $26,000, with a median grant of $5,000. The largest awards included $26,000 to Northwest Harvest, $21,000 to Boys and Girls Club of King County, $20,000 to University of Washington Foundation, and $14,000 to Northwest Immigrant Rights Project. Other notable grants included $10,000 each to Cascade Public Media, KUOW Puget Sound Public Radio, Seattle Aquarium, and Union Arts (ACT Theatre).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Joanne Young as president, Kermit Anderson as secretary, Debra Nordby as treasurer, and Robert Ness as vice-president.
Peg and Rick Young Foundation is led by Joanne Young, President on every filing since 2020; 2 of 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Joanne Young
President
On filings since 2020
20 hrs/week
$37K (2020) → $37K (2025)
Debra Nordby
Treasurer
On filings since 2020
1 hr/week
$5K (2020) → $6K (2025)
Kermit Anderson
Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Robert Ness
Vice President
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $37K, to Joanne Young (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Peg and Rick Young Foundation
How much does Peg and Rick Young Foundation give each year?
Peg and Rick Young Foundation gave $400K across 70 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $325K across 59 grants.
What is Peg and Rick Young Foundation's typical grant size?
Peg and Rick Young Foundation's median grant in 2025 was $5,000, and its average grant was $5,714, across 70 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Peg and Rick Young Foundation that year got $4K on average.
Where does Peg and Rick Young Foundation give grants?
Peg and Rick Young Foundation gives mostly in Washington: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Seattle, WA (33 grants), Edmonds, WA (7 grants), Mount Vernon, WA (4 grants) and Everett, WA (3 grants).
Who are Peg and Rick Young Foundation's largest grantees?
Peg and Rick Young Foundation's largest 2025 grantees include Northwest Harvest ($26,000), Boys and Girls Club of King County ($21,000) and University of Washington Foundation ($20,000), according to its 2025 IRS Form 990-PF. Together they received 17% of its itemized 2025 grant dollars.
How large is Peg and Rick Young Foundation?
Peg and Rick Young Foundation reported $2.7M in total assets on its 2025 IRS Form 990-PF. It paid out $449K in qualifying distributions that year, against a required minimum of $190K (roughly 5% of its investment assets).
What does Peg and Rick Young Foundation fund?
The foundation’s own mission is not stated in the available information. Its 2025 grantees include organizations working in areas such as food access, immigrant legal services, public media, aging services, and the arts. See mission & focus areas ↑
How do I apply for a grant from Peg and Rick Young Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Peg and Rick Young Foundation's EIN?
Peg and Rick Young Foundation's EIN (Employer Identification Number) is 73-1661452. IRS Form 990 filing data is available on this page for 2020–2025.
Does Peg and Rick Young Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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 July 22, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Peg and Rick Young Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/peg-and-rick-young-foundation-morg_387e2583bbb140968d83e75ea5e49ecd
BibTeX
@misc{grantable_731661452_2026,
author = {{Grantable}},
title = {{Peg and Rick Young Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/peg-and-rick-young-foundation-morg_387e2583bbb140968d83e75ea5e49ecd},
note = {Accessed 2026-10-12. 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 Peg and Rick Young 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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