The Young Family Charitable Trust
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.
The Young Family Charitable Trust at a glance
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.
- Annual giving (2024)
- $71,100
- +14.5% vs 2023
- Grants made (2024)
- 5
- -28.6% vs 2023
- Average grant
- $14,220
- +60.3% vs 2023
- Median grant
- $1,000
- Total assets
- $1,111,724
- -1.4% vs 2023
- Primary geography
- Kentucky (97% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Young Family Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
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
The most common grant size was under $50K: 15 grants of 17 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $3K (2021) to $71K (2024). In 2024 it made 5 grants totaling $71K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Felix E Martin Jr Foundation Louisville, KY | To provide funding to support expenses associated with the ignite program | $60,000 |
| Community Foundation of Louisville Louisville, KY | Help Fund the Ignite Louisville Program | $9,000 |
| Ami Kids Beaufort Seabrook, SC | Help with young boys 14-18 involved in the juvenile justice system | $1,000 |
| Sheldon Boys and Girls Club Sheldon, SC | Child Care | $1,000 |
| Oneida Baptist Institute Oneida, KY | Education and Intangible Religious Benefits | $100 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,111,724 | $63,301 | $79,232 | $71,100 | 5 | $71,100 | $37,978 | $60,897 |
| 2023 | $1,127,655 | $52,529 | $77,642 | $62,100 | 7 | $69,025 | $43,912 | $53,872 |
| 2022 | $1,152,768 | $54,755 | $78,804 | $62,220 | 4 | $67,492 | $6,844 | $56,029 |
| 2021 | $1,176,817 | $522,201 | $17,584 | $3,000 | 1 | $8,987 | $13,623 | $35,350 |
| 2020 | $672,200 | $675,219 | $3,019 | — | — | — | — | $3,266 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Young Family Charitable Trust funds
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