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
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
No grants recorded for .
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
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Similar funders by location and focus area
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John T Reis Private Foundation
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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