The Yount Foundation INC

HICKORY, NC EIN: 20-5240159

The Yount Foundation INC is a private foundation based in Hickory, North Carolina. Established in 2006, it operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic grantmaking.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$272K

+96.9% YoY

Annual Giving

$1.3M

-23.1% YoY

Grant Count

-17.1% YoY

Avg Grant Size

$47K

-7.2% YoY

Under IRS private-foundation payout rules, The Yount Foundation INC reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's grant-making priorities focus on:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services

Grantmaking

The foundation maintains an active grantmaking program with the following characteristics:

Average Grant

amount and median grant amount data are available in their most recent IRS filings

Review Cycle

are documented in available sources.

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation primarily directs its grantmaking to organizations and initiatives in:

North Carolina
Virginia
Texas

Grant Distribution by State

North Carolina $3.0M (37%)

Virginia $2.5M (30%)

Missouri $1.5M (18%)

Texas $494K (6%)

South Carolina $217K (3%)

Florida $139K (2%)

California $125K (2%)

Colorado $59K (1%)

+7 more states

States

California Colorado District of Columbia Florida Illinois Louisiana Missouri North Carolina New Mexico New York Oklahoma South Carolina Tennessee Texas Virginia

Cities

AlbuquerqueAshevilleBartlesvilleBlack MountainBonita SpringsBooneBowmanBroken ArrowBryson CityCarrboroCharlotteChicagoChina GroveColorado SpringsConcordConoverCrossnoreCulloweeDallasDestrehan

Financial History

Multi-year comparison from IRS filings

Assets:

$272,370 (most recent filing)
$138,000 (2023 Form 990)

Annual Activity:

Total giving: $1,348,775 (2024)
Revenue: $1.89M (2023)
Expenses: $1.81M (2023)
Total liabilities: $892 (2023)

Tax-Exempt Status: Tax-exempt since September 2006 (EIN: 20-5240159)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$272,370	$138,345	$58,948
Revenue	$1,510,809	$1,891,598	$1,989,971
Expenses	$1,358,719	$1,805,158	$2,059,712
Qualifying Distributions	$1,356,746	$1,805,158	$2,059,712
Net Investment Income	—	—	—
Distributable Amount	$6,599	$3,382	$2,577

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

193 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Orphan's Promise ($275,000), Fellowship of Christian Atheletes ($242,500), Cfni ($125,000).

Recipient	Purpose	Amount
Black Mtn Home for Children Black Mountain, NC	Community Support	$25,000
Cataba County Council on Aging Hickory, NC	Community Support	$1,000
CBN Virginia Beach, VA	Community Support	$10,000
CFNI dallas, TX	Community Support	$125,000
Chosen People Ministry New York, NY	Community Support	$1,000
Collier County Fellowship of Christian Athletes Naples, FL	Community Support	$20,000
DUFRENSE MINISTRIES Murrieta, CA	Community Support	$30,000
Eagle Mountain International Newark, TX	Community Support	$10,000
Fellowship of Christian Atheletes Kansas City, MO	Community Support	$242,500
Greater Hickory Cooperative Christian Ministry Hickory, NC	Community Support	$40,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Recent Activity

Recent developments and announcements

The Yount Foundation INC is recognized as a significant community partner in the Hickory area, listed among major foundation contributors at the Circle of Hope level ($20,000+) for local charitable initiatives.

Yount Foundation Inc - Full Filing - Nonprofit Explorer - ProPublica

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What does The Yount Foundation INC fund?

The foundation's grant-making priorities focus on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services

How do I apply for a grant from The Yount Foundation INC?

The foundation maintains an active grantmaking program with the following characteristics: **Grant Amounts:** • Typical awards range from $500 to $604,250 • Average grant amount and median grant amount data are available in their most recent IRS filings **Total Giving:** • Total giving of $1,348,775 (based on most recent IRS 990 filing from 2024) **Application Process:** No specific application procedures or deadlines are documented in available sources.

Where does The Yount Foundation INC make grants?

The foundation primarily directs its grantmaking to organizations and initiatives in: • North Carolina • Virginia • Texas

What size grants does The Yount Foundation INC award?

In 2024, The Yount Foundation INC awarded 29 grants totaling $1.3M — an average of about $47K per grant, based on its IRS Form 990 filings.

How much is The Yount Foundation INC required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Yount Foundation INC reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.