The Young Family Charitable Trust

Private foundation · Grantmaker Central City, KY EIN: 85-6815943

The Young Family Charitable Trust is a private foundation, based in Central City, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 5 grants totaling $71K. Net investment income was $38K.

Key facts about The Young Family Charitable Trust

In short: The Young Family Charitable Trust gave $71K across 5 grants in 2024 (avg $14K), mostly in Kentucky. Source: 2024 IRS Form 990-PF.

EIN
85-6815943
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$71,100
Grants made (2024)
5
Average grant
$14,220
Median grant
$1,000
Total assets
$1,111,724
Primary geography
Kentucky (97% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.1M

-1.4% YoY

Annual Giving

$71K

+14.5% YoY

Grant Count

5

-28.6% YoY

Avg Grant Size

$14K

+60.3% YoY

Under IRS private-foundation payout rules, The Young Family Charitable Trust reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.

How The Young Family Charitable Trust gives

  • Giving grew 2270% from 2021 to 2024. Method
  • In 2024 it paid out 117% of its IRS minimum distribution (the 5% rule). Method

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

LouisvilleCentral CitySheldonOneidaSeabrookGreenville

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K0 grants2020 1 grant2021 4 grants2022 7 grants2023 5 grants2024

From 2021 to 2024, annual grant giving ranged from $3K (2021) to $71K (2024). In 2024 it made 5 grants totaling $71K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Felix E Martin Jr Foundation: $60KFelix E Martin Jr Foundation$60KCommunity Foundation of Louisville: $9KCommunity Foundation ofLouisville$9KAmi Kids Beaufort: $1KAmi Kids Beaufort$1KSheldon Boys and Girls Club: $1KSheldon Boys and Girls Club$1KOneida Baptist Institute: $100Oneida Baptist Institute$100

The largest 2024 recipient was Felix E Martin Jr Foundation ($60K). Together the top 5 received $71K.

Grant Size Distribution

17 grants across all recorded years

15<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 17 (88%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Felix E Martin Jr Foundation Louisville, KYTo provide funding to support expenses associated with the ignite program$60,000
Community Foundation of Louisville Louisville, KYHelp Fund the Ignite Louisville Program$9,000
Ami Kids Beaufort Seabrook, SCHelp with young boys 14-18 involved in the juvenile justice system$1,000
Sheldon Boys and Girls Club Sheldon, SCChild Care$1,000
Oneida Baptist Institute Oneida, KYEducation and Intangible Religious Benefits$100

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$1,111,724$1,127,655$1,152,768
Revenue$63,301$52,529$54,755
Expenses$79,232$77,642$78,804
Qualifying Distributions$71,100$69,025$67,492
Net Investment Income$37,978$43,912$6,844
Distributable Amount$60,897$53,872$56,029

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Young Family Charitable Trust's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Linda Young

    Trustee

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Mark Ryan Young

    Trustee

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Melanie Spencer Young

    Trustee

    On filings since 2020

    0.3 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 Young Family Charitable Trust

How much does The Young Family Charitable Trust give each year?

The Young Family Charitable Trust gave $71K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $62K across 7 grants.

What is The Young Family Charitable Trust's typical grant size?

The Young Family Charitable Trust's median grant in 2024 was $1,000, and its average grant was $14,220, across 5 grants on its 2024 IRS Form 990-PF.

Where does The Young Family Charitable Trust give grants?

The Young Family Charitable Trust gives mostly in Kentucky: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Louisville, KY (2 grants).

Does The Young Family Charitable Trust give general operating support?

Not in 2024: none of the 5 grants with a stated purpose on The Young Family Charitable Trust's 2024 IRS Form 990-PF were described as general or operating support.

Who are The Young Family Charitable Trust's largest grantees?

The Young Family Charitable Trust's largest 2024 grantees include Felix E Martin Jr Foundation ($60,000), Community Foundation of Louisville ($9,000) and Ami Kids Beaufort ($1,000), according to its 2024 IRS Form 990-PF. Together they received 98% of its itemized 2024 grant dollars.

How large is The Young Family Charitable Trust?

The Young Family Charitable Trust reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $71K in qualifying distributions that year, against a required minimum of $61K (roughly 5% of its investment assets).

What is The Young Family Charitable Trust's EIN?

The Young Family Charitable Trust's EIN (Employer Identification Number) is 85-6815943. 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.

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