The Peg and Rick Young Foundation is a private foundation established in 2003 and based in Seattle, Washington. The foundation operates as a 501(c)(3) organization with a focus on grantmaking to support charitable purposes across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
-5.4% YoY
Annual Giving
$325K
+1.6% YoY
Grant Count
59
-6.3% YoY
Avg Grant Size
$6K
+8.5% YoY
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Creative Writing
- Historic Buildings
- Journalism
Grantmaking
Grant Range
$500–$31,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Washington
- Virginia
- North Carolina
The foundation maintains a strong presence in the Seattle, Washington area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2023):
- Total assets: $3,108,886
- Total revenues: $95,356
- Total expenses: $406,511
- Total giving: $325,000
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,941,869 | $3,108,886 | $3,420,041 |
| Revenue | $244,497 | $95,356 | $54,746 |
| Expenses | $411,514 | $406,511 | $394,499 |
| Qualifying Distributions | $369,631 | $364,879 | $342,808 |
| Net Investment Income | $202,614 | $53,724 | $45,485 |
| Distributable Amount | $189,509 | $185,664 | $196,637 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Joanne Young serves as President of the foundation, a position she has held since January 2003.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOANNE YOUNG | PRESIDENT | 20 | $37,440 |
| KERMIT ANDERSON | SECRETARY | 0.5 | — |
| DEBRA NORDBY | TREASURER | 1 | $5,500 |
| ROBERT NESS | VICE-PRESIDENT | 1 | — |
Contact Information
- Address: PO Box 31878, Seattle, WA 98103-1878
- Telephone: 206-633-0752
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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