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
Under IRS private-foundation payout rules, Peg and Rick Young Foundation reported a distributable amount of $190K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Seattle Aquarium ($31,000), Boys and Girls Club of King County ($20,000), Act Theatre ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACT THEATRE SEATTLE, WA | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $10,000 |
| AID NORTHWEST TACOMA, WA | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $2,500 |
| ASSISTANCE LEAGUE OF BELLINGHAM BELLINGHAM, WA | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $1,500 |
| BACKPACK BRIGADE SEATTLE, WA | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $2,000 |
| BELLEVUE BOYS & GIRLS CLUB BELLEVUE, WA | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $5,000 |
| BIRDNOTETUNE IN TO NATUREORG ASHEVILLE, NC | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $10,000 |
| BOYS AND GIRLS CLUB OF KING COUNTY SEATTLE, WA | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $20,000 |
| BOYS AND GIRLS CLUB OF SNOHOMISH COUNTY EVERETT, WA | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $7,500 |
| CASCADIA ART MUSEUM EDMONDS, WA | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $2,500 |
| CHILDREN'S ALLIANCE SEATTLE, WA | TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $1,000 |
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
Frequently Asked Questions
What does Peg and Rick Young Foundation fund?
The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts and Creative Writing • Historic Buildings • Journalism
How do I apply for a grant from Peg and Rick Young Foundation?
**Grant Activity:** • Total giving: $325,000 (most recent fiscal year) • Total assets: $2,941,869 to $3,108,886 (depending on reporting period) • Typical grant range: $500–$31,000 • Made 68 grants in the most recent reporting year **Recent Grantees Include:** • Cascade PBS KCTS9 ($25,000) • Boys and Girls Clubs of King County ($17,000) • Safefutures Youth Center ($11,000) • University of Washington Foundation • Stuntz Mycology Fund ($5,000)
Where does Peg and Rick Young Foundation make grants?
The foundation primarily funds organizations in: • Washington • Virginia • North Carolina The foundation maintains a strong presence in the Seattle, Washington area.
What size grants does Peg and Rick Young Foundation award?
In 2024, Peg and Rick Young Foundation awarded 59 grants totaling $325K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Peg and Rick Young Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Peg and Rick Young Foundation reported a distributable amount of $190K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Peg and Rick Young Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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