W R Young Jr Memorial Trust
W R Young Jr Memorial Trust is a private foundation, based in Orlando, FL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grant totaling $65K. Net investment income was $4K.
W R Young Jr Memorial Trust at a glance
In short: W R Young Jr Memorial Trust gave $65K across 1 grant in 2024 (avg $65K), mostly in Kentucky. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $65,100
- +2403.8% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $65,100
- +2403.8% vs 2023
- Median grant
- $65,100
- Primary geography
- Kentucky (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who W R Young Jr Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Brescia University Inc ($65K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How W R Young Jr Memorial Trust gives
- Giving grew 2365% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3K (2023) to $65K (2024). In 2024 it made 1 grant totaling $65K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Brescia University Inc Owensboro, KY | General Operating | $65,100 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $3,824 | $65,747 | $65,100 | 1 | $65,173 | $3,749 | $353 |
| 2023 | $61,892 | $820 | $3,953 | $2,600 | 1 | $3,275 | $920 | $3,099 |
| 2022 | $65,035 | $2,822 | $4,401 | $2,861 | 1 | $3,557 | $2,119 | $3,277 |
| 2021 | $66,629 | $8,131 | $4,213 | $2,641 | 1 | $3,374 | $7,382 | $3,613 |
| 2020 | $62,694 | $5,144 | $4,726 | $3,347 | 1 | — | $4,463 | $3,313 |
Under IRS private-foundation payout rules, W R Young Jr Memorial Trust reported a distributable amount of $353 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
W R Young Jr Memorial Trust's only listed officer is Truist Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2024 filing
Truist Bank
Trustee
On filings since 2021
1 hr/week
$1K (2021) → $147 (2024)
Former officers (1)
- Former: Branch Banking AND Trust Company (2020) — Trustee
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $147, to Truist Bank (Trustee).
Frequently asked questions about W R Young Jr Memorial Trust
How much does W R Young Jr Memorial Trust give each year?
W R Young Jr Memorial Trust gave $65K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 1 grant.
Where does W R Young Jr Memorial Trust operate?
W R Young Jr Memorial Trust has awarded grants in Kentucky.
How much is W R Young Jr Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, W R Young Jr Memorial Trust reported a distributable amount of $353 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is W R Young Jr Memorial Trust's EIN?
W R Young Jr Memorial Trust's EIN (Employer Identification Number) is 61-6150696. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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