The Jay and Carol Jean Young Foundation
The Jay and Carol Jean Young Foundation is a private foundation, based in Cockeysville, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $119K in total assets. In 2024, it awarded 4 grants totaling $75K. Net investment income was $28K.
The Jay and Carol Jean Young Foundation at a glance
In short: The Jay and Carol Jean Young Foundation gave $75K across 4 grants in 2024 (avg $19K), mostly in District of Columbia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $75,000
- Grants made (2024)
- 4
- Average grant
- $18,750
- Median grant
- $20,000
- Total assets
- $118,696
- +49.7% vs 2023
- Primary geography
- District of Columbia (60% 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 The Jay and Carol Jean Young Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was The Library of Congress ($25K). Together the top 4 received $75K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Jay and Carol Jean Young Foundation gives
- In 2024 it paid out well above 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
In 2024 it made 4 grants totaling $75K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Library of Congress Washington DC, DC | Charitable Contribution | $25,000 |
| The Kennedy Center National Committee for Performing Arts Washington DC, DC | Charitable Contribution | $20,000 |
| Johns Hopkins University & Medicine Baltimore, MD | Charitable Contribution | $20,000 |
| Denyce Graves Foundation New York City, NY | Charitable Contribution | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $118,696 | $115,444 | $76,060 | $75,000 | 4 | $75,000 | $27,985 | $3,247 |
| 2023 | $79,312 | $43,820 | $709 | — | — | — | $43,111 | $3,583 |
| 2022 | $36,201 | $10,431 | $1,500 | — | — | — | $431 | $3,700 |
| 2021 | $27,270 | $405 | — | — | — | — | $405 | $3,258 |
| 2020 | $26,865 | $1,417 | $1,028 | — | — | — | $792 | $2,216 |
Under IRS private-foundation payout rules, The Jay and Carol Jean Young Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Jay and Carol Jean Young Foundation is led by Carol Jean Young, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Carol Jean Young
Trustee
On filings since 2020
5 hrs/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 The Jay and Carol Jean Young Foundation
How much does The Jay and Carol Jean Young Foundation give each year?
The Jay and Carol Jean Young Foundation gave $75K across 4 grants in 2024, according to its 2024 IRS Form 990-PF.
What is The Jay and Carol Jean Young Foundation's typical grant size?
The Jay and Carol Jean Young Foundation's median grant in 2024 was $20,000, and its average grant was $18,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Jay and Carol Jean Young Foundation give grants?
The Jay and Carol Jean Young Foundation gives mostly in District of Columbia: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Maryland (27%) and New York (13%). The most frequent recipient cities were Washington DC, DC (2 grants).
How large is The Jay and Carol Jean Young Foundation?
The Jay and Carol Jean Young Foundation reported $119K in total assets on its 2024 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What is The Jay and Carol Jean Young Foundation's EIN?
The Jay and Carol Jean Young Foundation's EIN (Employer Identification Number) is 52-6905188. 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
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