The Jim and Betty Young Family

Foundation · Grantmaker Charlotte, NC EIN: 20-1819749

The Jim and Betty Young Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $460K in total assets. In 2024, it awarded 4 grants totaling $31K. Net investment income was $19K.

Key facts about The Jim and Betty Young Family

EIN: 20-1819749
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $30,700
Grants made (2024): 4
Average grant: $7,675
Median grant: $8,750
Total assets: $459,705
Primary geography: South Carolina (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Jim and Betty Young Family funds

By grant dollars, the top recipient states for The Jim and Betty Young Family's 4 itemized 2024 grants were South Carolina (100%). The most frequent recipient cities were Anderson, SC (4 grants). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Operations" (4 grants).

How The Jim and Betty Young Family gives

Giving fell 37% from 2021 to 2024. Method
In 2024 it paid out 68% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Jim and Betty Young Family

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$460K

+0.9% YoY

Annual Giving

$31K

-12.3% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$8K

-56.1% YoY

Under IRS private-foundation payout rules, The Jim and Betty Young Family reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.

About The Jim and Betty Young Family

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $31K (100%)

Share of all 4 itemized 2024 grant dollars.

States

North Carolina South Carolina

Cities

AndersonGastonia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$459,705	$455,421	$468,405
Revenue	$59,818	$40,298	$17,054
Expenses	$55,533	$53,282	$37,336
Qualifying Distributions	$30,700	$35,000	$19,200
Net Investment Income	$19,155	$15,608	$17,054
Distributable Amount	$44,849	$22,440	$46,136

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

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

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include South Main & Mercy Center ($10,000), Anderson Interfaith Ministries ($10,000), Meals on Wheels ($7,500).

Recipient	Purpose	Amount
SOUTH MAIN & MERCY CENTER Anderson, SC	OPERATIONS	$10,000
ANDERSON INTERFAITH MINISTRIES Anderson, SC	OPERATIONS	$10,000
MEALS ON WHEELS Anderson, SC	OPERATIONS	$7,500
THE LOT PROJECT INC Anderson, SC	OPERATIONS	$3,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Louis G Young	Director	—	$2,929
Carol Y Gallagher	Community Li	—	$2,929
Patricia L Young	Director	—	$2,929
James R Young	Director	—	$2,929
J Henry Young Jr	Treasurer	—	$2,926
Barbara E Young	Secretary	—	$2,929
Betty H Young	President	—	$2,929

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Jim and Betty Young Family?

The Jim and Betty Young Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Charlotte, NC. It holds $460K in total assets as of 2024.

How large is The Jim and Betty Young Family?

As of 2024, The Jim and Betty Young Family holds $460K in total assets with $60K in annual revenue. It awarded 4 grants totaling $31K in 2024.

Where does The Jim and Betty Young Family operate?

The Jim and Betty Young Family has awarded grants in North Carolina, South Carolina.

What size grants does The Jim and Betty Young Family award?

In 2024, The Jim and Betty Young Family awarded 4 grants totaling $31K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is The Jim and Betty Young Family required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jim and Betty Young Family reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Jim and Betty Young Family's EIN?

The Jim and Betty Young Family's EIN (Employer Identification Number) is 20-1819749. IRS Form 990 filing data is available on this page for 2020–2024.