The Jay and Carol Jean Young Foundation
The Jay and Carol Jean Young Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$119K
+49.7% YoY
Annual Giving
$75K
Grant Count
4
Avg Grant Size
$19K
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.
About The Jay and Carol Jean Young Foundation
Based on IRS filings
The Jay and Carol Jean Young Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $118,696 | $79,312 | $36,201 |
| Revenue | $115,444 | $43,820 | $10,431 |
| Expenses | $76,060 | $709 | $1,500 |
| Qualifying Distributions | $75,000 | — | — |
| Net Investment Income | $27,985 | $43,111 | $431 |
| Distributable Amount | $3,247 | $3,583 | $3,700 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Library of Congress ($25,000), The Kennedy Center National Committee for Performing Arts ($20,000), Johns Hopkins University & Medicine ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE KENNEDY CENTER NATIONAL COMMITTEE FOR PERFORMING ARTS WASHINGTON DC, DC | CHARITABLE CONTRIBUTION | $20,000 |
| THE LIBRARY OF CONGRESS WASHINGTON DC, DC | CHARITABLE CONTRIBUTION | $25,000 |
| JOHNS HOPKINS UNIVERSITY & MEDICINE BALTIMORE, MD | CHARITABLE CONTRIBUTION | $20,000 |
| DENYCE GRAVES FOUNDATION NEW YORK CITY, NY | CHARITABLE CONTRIBUTION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROL JEAN YOUNG | TRUSTEE | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Jay and Carol Jean Young Foundation?
The Jay and Carol Jean Young Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COCKEYSVILLE, MD. It holds $119K in total assets as of 2024.
How large is The Jay and Carol Jean Young Foundation?
As of 2024, The Jay and Carol Jean Young Foundation holds $119K in total assets with $115K in annual revenue. It awarded 4 grants totaling $75K in 2024.
Where does The Jay and Carol Jean Young Foundation operate?
The Jay and Carol Jean Young Foundation has awarded grants in District of Columbia, Maryland, New York.
What size grants does The Jay and Carol Jean Young Foundation award?
In 2024, The Jay and Carol Jean Young Foundation awarded 4 grants totaling $75K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is The Jay and Carol Jean Young Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jay and Carol Jean Young Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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