The Yung Family Foundation
The Yung Family Foundation is a private foundation based in Crestview Hills, Kentucky. Its stated objectives are to contribute to charitable organizations benefiting veterans, support mental health research, and benefit education for disadvantaged youth.
Key facts about The Yung Family Foundation
In short: The Yung Family Foundation gave $6.2M across 14 grants in 2024 (avg $445K), mostly in Kentucky. 42% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 83-2909333
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $6,224,000
- Grants made (2024)
- 14
- Average grant
- $444,571
- Median grant
- $100,000
- New grantees (estimate)
- 42% first-time grantees (5 of 12, 2024; small sample)
- Total assets
- $10,690,082
- Primary geography
- Kentucky (56% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.7M
+12.0% YoY
Annual Giving
$6.2M
+5.3% YoY
Grant Count
14
-12.5% YoY
Avg Grant Size
$445K
+20.3% YoY
Under IRS private-foundation payout rules, The Yung Family Foundation reported a distributable amount of $428K for 2024 — the minimum it must pay out in qualifying distributions.
Is The Yung Family Foundation open to new grantees?
42%
first-time grantees, 2024
In 2024, 5 of 12 grantees (42%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $762K; repeat grants $345K. How we count
Medians: $200K first-time, $100K repeat.
- 58% of 2024 grantees were also funded in 2023. Method
- Giving grew 23% 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.
Mission & Focus Areas
The foundation’s stated primary objectives are to make contributions to charitable organizations for the benefit of veterans, assist with mental health research, or benefit education for disadvantaged youth. Organizations receiving funding must align with at least one of these objectives and qualify under Section 501(c)(3) of the Internal Revenue Code.
Its 2024 grantees illustrate a range of supported work. The Christ Hospital Foundation received funding for its comprehensive oncology program; the foundation describes its mission as supporting The Christ Hospital’s work to improve community health and provide exceptional outcomes and experiences. Boys & Girls Clubs of Greater Cincinnati received support for a mental health initiative; the organization says its mission is to help young people, especially those most in need, reach their potential. Thomas More University received support for its hospitality management degree program; the university describes itself as a Catholic liberal arts university that challenges students to consider their responsibilities to others. CASA of the Northern Bluegrass Region, which received $5,000, describes its mission as providing court-appointed volunteer advocacy for abused and neglected children.
Grantmaking
In 2024, the foundation reported 14 grants totaling $6,224,000. Grants ranged from $5,000 to $2,000,000, with a median of $100,000.
The largest award was $2,000,000 to St. Elizabeth Healthcare Foundation – Cancer Institute for advanced cancer care in Northern Kentucky, including facility enhancements, equipment, and physician recruitment. Other major grants included $1,500,000 to Cincinnati Children’s Hospital Medical Center for access to mental and behavioral health services for Northern Kentucky families, and $1,000,000 each to St. Elizabeth Healthcare Foundation – Heart and Vascular Institute and The Christ Hospital Foundation. The Christ Hospital Foundation’s grant supported its comprehensive oncology program, research, and novel treatments.
The foundation states that it does not restrict giving to preselected organizations. How to apply: Organizations interested in requesting a gift are encouraged to write to the foundation by mail. Submissions should explain the organization’s purpose and background and provide as much detail as needed to explain and justify the funding need. Applications are reviewed, and applicants may be invited for an interview. Applicants must qualify under Section 501(c)(3) and align with at least one of the foundation’s primary objectives. Deadline: There are no deadlines for submission.
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Geographic Focus
Where this funder awards grants
In 2024, 56% of grant dollars went to recipients in Kentucky and 44% to recipients in Ohio. Listed recipients included organizations in Northern Kentucky and Cincinnati.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $993K (2020) to $6.2M (2024). In 2024 it made 14 grants totaling $6.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was St Elizabeth Healthcare Foundation - Cancer Institute ($2.0M). Together the top 10 received $6.2M.
Organizations only. It also paid 3 grants to individuals ($60,000), which are not listed by name.
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 17 grants of 52 (33%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Elizabeth Healthcare Foundation - Cancer Institute Edgewood, KY | To provide support for promoting and elevating advanced cancer care in the northern Kentucky region. The donation will be used for facility enhancements, innovative equipment and physician recruitment to attract world-class talent to the region. | $2,000,000 |
| Cincinnati Children's Hospital Medical Center Cincinnati, OH | To support the mental and behavorial health institute (MBHI), specifically to support access to mental and behavorial health services for northern Kentucky families. | $1,500,000 |
| St Elizabeth Healthcare Foundation - Heart and Vascular Institute Edgewood, KY | To support the heart and vascular institute and making a positive impact on the heart health of the community. | $1,000,000 |
| The Christ Hospital Foundation Cincinnati, OH | In support of the comprehensive oncology program, working to achieve a top 50 ranking in us news & world report. The support will ensure resources are available to continue conducting groundbreaking research and delivering novel treatments in the cincinnati area. | $1,000,000 |
| The Point Arc of Northern KY Covington, KY | In support of building an advanced care home, providing lifelong opportunities to individuals with intellectual and developmental differences. The support will also help to continue expanding the residential and adult day programs. | $200,000 |
| Cise (Catholic Inner-City Schools Education) Cincinnati, OH | To support the mental and behavorial health program for children in inner-city elementary schools and catholic high schools | $174,000 |
| Alliance for Catholic Urban Education Acue Covington, KY | To Support General Mission | $100,000 |
| Thomas More University Crestview Hills, KY | In Support of the Hospitality Management Degree Program | $100,000 |
| Boys & Girls Clubs of Greater Cincinnati Cincinnati, OH | In support of the mental health initiative through continued implementation of the youth program quality intervention (YPQI) methodology, building safe and supportive environments fostering the overall wellbeing and mental health of students. | $75,000 |
| 3 grants to individuals Recipients not named | — | $60,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2024 | $10,690,082 | $7,378,035 | $6,231,039 | $6,224,000 | 14 |
| 2023 | $9,543,086 | $10,264,301 | $5,912,582 | $5,911,300 | 16 |
| 2022 | $5,191,367 | $3,046,250 | $2,293,505 | $2,292,300 | 8 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,690,082 | $9,543,086 | $5,191,367 |
| Revenue | $7,378,035 | $10,264,301 | $3,046,250 |
| Expenses | $6,231,039 | $5,912,582 | $2,293,505 |
| Qualifying Distributions | $6,224,200 | $5,911,500 | $2,292,500 |
| Net Investment Income | $350,814 | $263,219 | $45,245 |
| Distributable Amount | $428,236 | $537,789 | $247,932 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists William J. Yung III as president and director, and Martha A. Yung as secretary and treasurer.
The Yung Family Foundation is led by William J. Yung III, President & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
William J. Yung III
President & Director
On filings since 2020
2.3 hrs/week
No compensation reported
Martha A. Yung
Secretary, Treasurer & Director
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.
Contact
Application contact: The Yung Family Foundation
Mailing address: 740 Centre View Blvd, Crestview Hills, KY 41017
Phone: (859) 578-1100
Email: info@yungfamilyfoundation.org
Frequently asked questions about The Yung Family Foundation
How much does The Yung Family Foundation give each year?
The Yung Family Foundation gave $6.2M across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.9M across 16 grants.
What is The Yung Family Foundation's typical grant size?
The Yung Family Foundation's median grant in 2024 was $100,000, and its average grant was $444,571, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Yung Family Foundation that year got $762K on average.
Where does The Yung Family Foundation give grants?
The Yung Family Foundation gives mostly in Kentucky: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Ohio (44%). The most frequent recipient cities were Cincinnati, OH (4 grants), Edgewood, KY (2 grants), Covington, KY (2 grants) and Crestview Hills, KY (2 grants).
Does The Yung Family Foundation give general operating support?
Yes: 29% of The Yung Family Foundation's 2024 grants with a stated purpose (4 of 14) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Yung Family Foundation's largest grantees?
The Yung Family Foundation's largest 2024 grantees include St Elizabeth Healthcare Foundation - Cancer Institute ($2,000,000), Cincinnati Children's Hospital Medical Center ($1,500,000) and St Elizabeth Healthcare Foundation - Heart and Vascular Institute ($1,000,000), according to its 2024 IRS Form 990-PF. It also paid 3 grants to individuals ($60,000), which are not listed by name. Together they received 72% of its itemized 2024 grant dollars.
How large is The Yung Family Foundation?
The Yung Family Foundation reported $10.7M in total assets on its 2024 IRS Form 990-PF. It paid out $6.2M in qualifying distributions that year, against a required minimum of $428K (roughly 5% of its investment assets).
What does The Yung Family Foundation fund?
The foundation’s stated primary objectives are to make contributions to charitable organizations for the benefit of veterans, assist with mental health research, or benefit education for disadvantaged youth. See mission & focus areas ↑
How do I apply for a grant from The Yung Family Foundation?
The Yung Family Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is The Yung Family Foundation's EIN?
The Yung Family Foundation's EIN (Employer Identification Number) is 83-2909333. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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