The Yount Foundation INC
The Yount Foundation INC is a private foundation based in Hickory, North Carolina. Its 2024 filing reports grants to charitable organizations, with each listed grant designated for “Community Support.”
The Yount Foundation INC at a glance
In short: The Yount Foundation INC gave $1.3M across 29 grants in 2024 (avg $47K), top state Virginia. 34% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,348,775
- -23.1% vs 2023
- Grants made (2024)
- 29
- -17.1% vs 2023
- Average grant
- $46,509
- -7.2% vs 2023
- Median grant
- $20,000
- Total assets
- $272,370
- +96.9% vs 2023
- New grantees (estimate)
- 34% first-time grantees (10 of 29, 2024)
- Primary geography
- Virginia (34% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Yount Foundation INC
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 1234 S Center Street, Hickory, NC 28601
Phone: (828) 312-4133
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Yount Foundation INC funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Orphan's Promise ($275K). Together the top 10 received $1.1M.
Grant Size Distribution
193 grants across all recorded years
The most common grant size was under $50K: 151 grants of 193 (78%).
Geographic Focus
Where this funder awards grants
Reported 2024 grant dollars went to recipients in Virginia (34%), North Carolina (28%), Missouri (18%), Texas (12%), and California (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 29 itemized grants.
States
Cities
Is The Yount Foundation INC open to new grantees?
34%
first-time grantees, 2024
In 2024, 10 of 29 grantees (34%) were first-time recipients. First grants averaged $15K; repeat grants $63K. How we count
Medians: $6K first-time, $30K repeat.
- 62% of 2024 grantees were also funded in 2023. Method
- Giving fell 28% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.1M (2020) to $2.0M (2022). In 2024 it made 29 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Orphan's Promise Virginia Beach, VA | Community Support | $275,000 |
| Fellowship of Christian Atheletes Kansas City, MO | Community Support | $242,500 |
| CFNI Dallas, TX | Community Support | $125,000 |
| Pregnancy Care Center Bryson City, NC | Community Support | $112,500 |
| Salvation Army Asheville, NC | Community Support | $100,000 |
| Operation Blessing Virginia Beach, VA | Community Support | $95,000 |
| Turning Point Skyland, NC | Community Support | $45,000 |
| Superbook Virginia Beach, VA | Community Support | $42,500 |
| Greater Hickory Cooperative Christian Ministry Hickory, NC | Community Support | $40,000 |
| Helping the Homefront Virginia Beach, VA | Community Support | $40,000 |
Ready to take the next step with The Yount Foundation INC?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $272,370 | $1,510,809 | $1,358,719 | $1,348,775 | 29 | $1,356,746 | $6,599 |
| 2023 | $138,345 | $1,891,598 | $1,805,158 | $1,753,616 | 35 | $1,805,158 | $3,382 |
| 2022 | $58,948 | $1,989,971 | $2,059,712 | $2,028,000 | 41 | $2,059,712 | $2,577 |
| 2021 | $128,689 | $1,803,846 | $1,871,761 | $1,869,750 | 43 | $1,871,761 | $3,726 |
| 2020 | $196,604 | $1,180,000 | $1,103,342 | $1,100,000 | 45 | — | $3,638 |
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 September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grantees include organizations working in areas such as pregnancy counseling and child care, emergency assistance, domestic-abuse services, and disaster and humanitarian aid. These describe the grantees’ work, not the foundation’s own mission.
For example, Pregnancy Care Center says it provides pregnancy and child-care counseling and training. Turning Point says its mission is to break the cycle of domestic abuse, including by providing victims and their children a safe haven and offering counseling and other programs. Samaritan’s Purse describes itself as a nondenominational evangelical Christian organization providing spiritual and physical aid to people affected by war, poverty, disasters, disease, and famine.
Grantmaking
In 2024, the foundation awarded 29 grants totaling $1,348,775. Grants ranged from $800 to $275,000, with a median of $20,000. Among the largest awards were $275,000 to Orphan’s Promise, $242,500 to Fellowship of Christian Athletes, $125,000 to CFNI, $112,500 to Pregnancy Care Center, and $100,000 to the Salvation Army. Each was listed for “Community Support.”
Leadership & Key People
Officers and directors from IRS filings
The Yount Foundation INC is led by Benny Yount, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Benny Yount
President
On filings since 2020
2 hrs/week
No compensation reported
Cherrie Yount
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Lisa Yount
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Nick Kincaid
Secretary
On filings since 2020
2 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 Yount Foundation INC
How much does The Yount Foundation INC give each year?
The Yount Foundation INC gave $1.3M across 29 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.8M across 35 grants.
What is The Yount Foundation INC's typical grant size?
The Yount Foundation INC's median grant in 2024 was $20,000, and its average grant was $46,509, across 29 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Yount Foundation INC that year got $15K on average.
Where does The Yount Foundation INC give grants?
The Yount Foundation INC's top state is Virginia, with 34% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were North Carolina (28%) and Missouri (18%). The most frequent recipient cities were Virginia Beach, VA (5 grants), Hickory, NC (2 grants), Newark, TX (2 grants) and Murrieta, CA (2 grants).
Does The Yount Foundation INC give general operating support?
Not in 2024: none of the 29 grants with a stated purpose on The Yount Foundation INC's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Support" (29 grants).
Who are The Yount Foundation INC's largest grantees?
The Yount Foundation INC's largest 2024 grantees include Orphan's Promise ($275,000), Fellowship of Christian Atheletes ($242,500) and CFNI ($125,000), according to its 2024 IRS Form 990-PF. Together they received 48% of its itemized 2024 grant dollars.
How large is The Yount Foundation INC?
The Yount Foundation INC reported $272K in total assets on its 2024 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
What does The Yount Foundation INC fund?
No mission statement for the foundation is provided. Its 2024 grantees include organizations working in areas such as pregnancy counseling and child care, emergency assistance, domestic-abuse services, and disaster and humanitarian aid. See mission & focus areas ↑
How do I apply for a grant from The Yount Foundation INC?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Yount Foundation INC's EIN?
The Yount Foundation INC's EIN (Employer Identification Number) is 20-5240159. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Yount Foundation INC accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Yount Foundation INC funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-yount-foundation-inc-morg_d20a712d9842484ab619218ce1cc0b49
BibTeX
@misc{grantable_205240159_2026,
author = {{Grantable}},
title = {{The Yount Foundation INC funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-yount-foundation-inc-morg_d20a712d9842484ab619218ce1cc0b49},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Yount Foundation INC's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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