The Yung Family Foundation
The Yung Family Foundation is a private foundation based in Crestview Hills, Kentucky. Established in 2019, it operates as an independent 501(c)(3) organization with tax-exempt status since August 2019. The foundation maintains a physical address at 740 Centre View Boulevard, Crestview Hills, KY 41017-5434 and can be reached at 859-578-1124.
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.
Mission & Focus Areas
The foundation supports a variety of causes across multiple states. Primary funding focus areas include:
- Education
- Health Care
- Community Health
- Health and Medical initiatives
- Health and Wellness
- School Health
- Philanthropy, Voluntarism & Grantmaking
The foundation does not maintain a public website and does not specify particular subject areas of focus in formal documentation.
Grantmaking
The foundation accepts applications and is open to new applicants. Approximately 12% of new applicants receive funding.
Grant Range
$88,000
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Geographic Focus
Where this funder awards grants
The foundation supports causes across multiple states and cities, including:
- Connecticut
- Florida
- Kentucky
- Massachusetts
- New York
- Ohio
Specific cities mentioned include Boston, Cincinnati, and Cleveland.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $9.5 million to $10.7 million (varies by reporting source and year)
- Total revenue (2023): $10,264,301
- Total expenses (2023): $5,912,582
- Giving rate: 61.9% of assets
Historical Trends:
- 2023: $9.5M in assets, $5.9M in total giving, 16 grants
- 2022: $5.2M in assets, $2.3M in total giving, 8 grants
The foundation has demonstrated significant growth in assets and grantmaking activity year-over-year.
| 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 |
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
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Elizabeth Healthcare Foundation - Cancer Institute ($2,000,000), Cincinnati Children's Hospital Medical Center ($1,500,000), St Elizabeth Healthcare Foundation - Heart and Vascular Institute ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALLIANCE FOR CATHOLIC URBAN EDUCATION ACUE COVINGTON, KY | TO SUPPORT GENERAL MISSION | $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 |
| CASA OF THE NORTHERN BLUEGRASS REGION CRESTVIEW HILLS, KY | TO SUPPORT GENERAL MISSION OF PROVIDING COURT- APPOINTED VOLUNTEER ADVOCACY, ENSURING EVERY ABUSED AND NEGLECTED CHILD CAN BE SAFE, ESTABLISH PERMANENCE, AND HAS THE OPPORTUNITY TO THRIVE. | $5,000 |
| 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 |
| REDWOOD SCHOOL & REHABILITATION CENTER INC - DBA EASTERSEALS REDWOOD FT MITCHELL, KY | TO SUPPORT GENERAL MISSION | $30,000 |
| 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 |
| ST PIUS X SCHOOL EDGEWOOD, KY | IN SUPPORT OF SCHOLARSHIP FUNDING FOR ST PIUS X STUDENTS, RECIPIENTS OF THE FLORENCE WORMALD/RITA WARD SCHOLARSHIP. | $25,000 |
| 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 |
| THOMAS MORE UNIVERSITY CRESTVIEW HILLS, KY | IN SUPPORT OF THE HOSPITALITY MANAGEMENT DEGREE PROGRAM | $100,000 |
| 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 |
Leadership & Key People
Leadership team and compensation from IRS filings
- William J. Yung III – President and Director (part-time, no compensation)
- Martha A. Yung – Secretary, Treasurer, and Director (part-time, no compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM J YUNG III | PRESIDENT, DIRECTOR | 2.3 | — |
| MARTHA A YUNG | SECRETARY, TREASURER, DIRE | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has made notable recent investments and grants:
Invested $1 million in OneQuest Health (2026)
Yung Family Foundation invests $1 million in OneQuest Health - Lane ReportAwarded $1 million to the Children's Home of Northern Kentucky (2026)
$100K in opioid settlement funds awarded to Children's Home of ...Distributed $100,000 in opioid settlement funds to the Children's Home of Northern Kentucky (2025)
$100K in opioid settlement funds awarded to Children's Home of ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Yung Family Foundation fund?
The foundation supports a variety of causes across multiple states. Primary funding focus areas include: • Education • Health Care • Community Health • Health and Medical initiatives • Health and Wellness • School Health • Philanthropy, Voluntarism & Grantmaking The foundation does not maintain a public website and does not specify particular subject areas of focus in formal documentation.
How do I apply for a grant from The Yung Family Foundation?
**Grant Activity & Amounts:** • Total annual giving: Approximately $5.9 million to $6.2 million • Typical award range: $1,000 to $2,000,000 • Median grant size: $88,000 • Grant range observed: $5,000 to $1,000,000 • Number of grants annually: 16 grants (2023 data) **Recent Grants (2023):** • Master Provisions: $1,000,000 (General Mission Support) • The Christ Hospital Foundation: $1,000,000 (Comprehensive Oncology Program) • Homes for our Troops: $250,000 (Support for severely injured post-9/11…
Where does The Yung Family Foundation make grants?
The foundation supports causes across multiple states and cities, including: • Connecticut • Florida • Kentucky • Massachusetts • New York • Ohio Specific cities mentioned include Boston, Cincinnati, and Cleveland.
What size grants does The Yung Family Foundation award?
In 2024, The Yung Family Foundation awarded 14 grants totaling $6.2M — an average of about $445K per grant, based on its IRS Form 990 filings.
How much is The Yung Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Yung Family Foundation reported a distributable amount of $428K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Browse active grant opportunities in The Yung Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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