The Jim and Betty Young Family
The Jim and Betty Young Family is a private foundation, based in Charlotte, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $460K in total assets. In 2025, it awarded 3 grants totaling $35K. Net investment income was $12K.
The Jim and Betty Young Family at a glance
In short: The Jim and Betty Young Family gave $35K across 3 grants in 2025 (avg $12K), mostly in South Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $35,000
- +14.0% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $11,667
- +52.0% vs 2024
- Median grant
- $10,000
- Total assets
- $459,584
- -0.0% vs 2024
- Primary geography
- South Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Jim and Betty Young Family funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was South Main & Mercy Center ($20K). Together the top 3 received $35K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How The Jim and Betty Young Family gives
- Giving grew 82% from 2022 to 2025. Method
- In 2025 it paid out 155% of 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
From 2020 to 2025, annual grant giving ranged from $19K (2022) to $49K (2021). In 2025 it made 3 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| South Main & Mercy Center Anderson, SC | Operations | $20,000 |
| Meals on Wheels Anderson, SC | Operations | $10,000 |
| Anderson Interfaith Ministries Anderson, SC | Operations | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $459,584 | $61,863 | $61,985 | $35,000 | 3 | $35,000 | $12,454 | $22,580 |
| 2024 | $459,705 | $59,818 | $55,533 | $30,700 | 4 | $30,700 | $19,155 | $44,849 |
| 2023 | $455,421 | $40,298 | $53,282 | $35,000 | 2 | $35,000 | $15,608 | $22,440 |
| 2022 | $468,405 | $17,054 | $37,336 | $19,200 | 4 | $19,200 | $17,054 | $46,136 |
| 2021 | $414,616 | $42,079 | $67,150 | $48,901 | 5 | $48,901 | $23,214 | $27,392 |
| 2020 | $439,687 | $23,751 | $63,176 | $45,000 | 5 | — | $13,741 | $24,973 |
Under IRS private-foundation payout rules, The Jim and Betty Young Family reported a distributable amount of $23K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Jim and Betty Young Family is led by Betty H. Young, President on every filing since 2020; all 7 officers listed in 2025 are compensated.
Officers on the 2025 filing
Betty H. Young
President
On filings since 2020
$2K (2020) → $2K (2025)
James R. Young
Director
On filings since 2020
$2K (2020) → $4K (2025)
Louis G. Young
Director
On filings since 2020
$2K (2020) → $4K (2025)
Patricia L. Young
Director
On filings since 2020
$2K (2020) → $4K (2025)
Barbara E. Young
Secretary
On filings since 2020
$2K (2020) → $4K (2025)
Carol Y. Gallagher
Community Li
On filings since 2020
$2K (2020) → $4K (2025)
J. Henry Young Jr.
Treasurer
On filings since 2020
$2K (2020) → $4K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $4K, to Louis G Young (Director). 7 officers or directors reported compensation on that filing.
Frequently asked questions about The Jim and Betty Young Family
How much does The Jim and Betty Young Family give each year?
The Jim and Betty Young Family gave $35K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $31K across 4 grants.
What is The Jim and Betty Young Family's typical grant size?
The Jim and Betty Young Family's median grant in 2025 was $10,000, and its average grant was $11,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Jim and Betty Young Family give grants?
The Jim and Betty Young Family gives mostly in South Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Anderson, SC (3 grants).
Does The Jim and Betty Young Family give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Jim and Betty Young Family's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations" (3 grants).
How large is The Jim and Betty Young Family?
The Jim and Betty Young Family reported $460K in total assets on its 2025 IRS Form 990-PF. It paid out $35K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 22, 2026)
- IRS filings on file for fiscal years 2020–2024
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