The Leonard Young Memorial Foundation

SADDLE RIVER, NJ EIN: 22-3006817

The Leonard Young Memorial Foundation is a private foundation, based in SADDLE RIVER, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $139K in total assets. In 2024, it awarded 1 grants totaling $20K. Net investment income was $21K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$139K

-3.5% YoY

Annual Giving

$20K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$20K

+0.0% YoY

Under IRS private-foundation payout rules, The Leonard Young Memorial Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.

About The Leonard Young Memorial Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $100K (100%)

States

New Jersey

Cities

Ridgewood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$139,393	$144,474	$156,853
Revenue	$31,385	$21,841	$20,605
Expenses	$31,842	$34,203	$28,742
Qualifying Distributions	$21,500	$23,000	$20,000
Net Investment Income	$21,043	$10,638	$12,065
Distributable Amount	$19,659	$18,644	$19,843

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Valley Hospital Foundation ($20,000).

Recipient	Purpose	Amount
VALLEY HOSPITAL FOUNDATION RIDGEWOOD, NJ	PALLIATIVE CARE	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOAN S YOUNG CARUSO	President	—	—
CONRAD CARUSO	Vice President	—	—

Frequently Asked Questions

How large is The Leonard Young Memorial Foundation?

As of 2024, The Leonard Young Memorial Foundation holds $139K in total assets with $31K in annual revenue. It awarded 1 grants totaling $20K in 2024.

Where does The Leonard Young Memorial Foundation operate?

The Leonard Young Memorial Foundation has awarded grants in New Jersey.

What size grants does The Leonard Young Memorial Foundation award?

In 2024, The Leonard Young Memorial Foundation awarded 1 grants totaling $20K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is The Leonard Young Memorial Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Leonard Young Memorial Foundation reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Leonard Young Memorial Foundation's EIN?

The Leonard Young Memorial Foundation's EIN (Employer Identification Number) is 22-3006817. IRS Form 990 filing data is available on this page for 2020–2024.