William T Young Foundation Inc
William T Young Foundation Inc is a private family foundation based in Lexington, Kentucky. Established in 1981, the foundation operates as a 501(c)(3) tax-exempt organization with a focus on supporting higher education and the arts.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.0M
+19.2% YoY
Annual Giving
$759K
+9.4% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$47K
+9.4% YoY
Under IRS private-foundation payout rules, William T Young Foundation Inc reported a distributable amount of $396K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary giving interests are:
- Higher Education — Supporting universities and educational institutions
- The Arts — Funding arts and cultural organizations
The foundation also supports health care and philanthropic initiatives, with a geographic emphasis on Kentucky, New York, and Connecticut.
Grantmaking
The foundation does not accept applications.
Grant Range
s:**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Kentucky (particularly Lexington area)
- New York
- Connecticut
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,014,105
- Total Revenues: $1,769,903
- Total Expenses: $766,758
- Total Giving: $758,825
Historical Assets:
- 2023: $3,800,000
- 2022: $4,300,000
- 2021: $4,700,000
Staffing: The foundation operates with no employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,014,105 | $3,366,682 | $3,836,728 |
| Revenue | $1,769,903 | $547,915 | $468,186 |
| Expenses | $766,758 | $700,425 | $662,962 |
| Qualifying Distributions | $760,715 | $695,765 | $658,291 |
| Net Investment Income | $1,404,771 | $222,846 | $161,127 |
| Distributable Amount | $395,897 | $391,517 | $383,818 |
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
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Kentucky Markey Cancer Foundation ($175,000), Hope Center ($150,000), Ohio State University Foundation ($125,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMON GOOD INSTITUTE INC NEW YORK, NY | SUBSIDY | $12,500 |
| ENTITLEMENTS HOW LEXINGTON, KY | SUBSIDY | $2,500 |
| FINE ARTS MUSEUMS OF SAN FRANCISCO SAN FRANCISCO, CA | SUBSIDY | $64,825 |
| GRAYSON-JOCKEY CLUB RESEARCH FOUNDATION LEXINGTON, KY | SUBSIDY | $20,000 |
| GREENS FARMS ACADEMY INC WESTPORT, CT | SUBSIDY | $100,000 |
| SACRED HEART UNIVERSITY FAIRFIELD, CT | SUBSIDY | $10,000 |
| THE NEST CENTER FOR WOMEN CHILDREN AND FAMILIES INC LEXINGTON, KY | SUBSIDY | $10,000 |
| UNITING VOICES LEXINGTON LEXINGTON, KY | SUBSIDY | $25,000 |
| UNIVERSITY OF KENTUCKY MARKEY CANCER FOUNDATION LEXINGTON, KY | SUBSIDY | $175,000 |
| UNIVERSITY OF VIRGINIA CHARLOTTESVILLE, VA | SUBSIDY | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM T YOUNG JR | PRESIDENT & DIRECTOR | — | — |
| DOUGLAS DEAN | VICE PRESIDENT & DIRECTOR | — | — |
| JOHN H LOVERN | SECRETARY/TREASURER & DIRE | — | — |
| CHRISTOPHER H YOUNG | DIRECTOR | — | — |
| MEADE Y FOGEL | DIRECTOR | — | — |
| LUCY Y HAMILTON | DIRECTOR | — | — |
Frequently Asked Questions
What does William T Young Foundation Inc fund?
The foundation's primary giving interests are: • **Higher Education** — Supporting universities and educational institutions • **The Arts** — Funding arts and cultural organizations The foundation also supports health care and philanthropic initiatives, with a geographic emphasis on Kentucky, New York, and Connecticut.
How do I apply for a grant from William T Young Foundation Inc?
**Grant Activity:** • Made 14-16 grants in 2024 • Made 13 grants in 2023 • Made 14 grants in 2022 **Grant Sizes:** • Typical award range: $2,000–$250,000 • Median grant amount: $25,000 • Recent grants have ranged from $3,000 to $250,000 **Application Process:** The foundation does not accept applications. **Recent Grant Recipients (2024):** • University of Kentucky Markey Cancer Foundation — $175,000 • The Hope Center — $150,000 • Ohio State University Foundation — $125,000 **Notable Recipients…
Where does William T Young Foundation Inc make grants?
The foundation primarily funds organizations in: • **Kentucky** (particularly Lexington area) • **New York** • **Connecticut**
What size grants does William T Young Foundation Inc award?
In 2024, William T Young Foundation Inc awarded 16 grants totaling $759K — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is William T Young Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, William T Young Foundation Inc reported a distributable amount of $396K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is William T Young Foundation Inc's EIN?
William T Young Foundation Inc's EIN (Employer Identification Number) is 31-1020207. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in William T Young Foundation Inc'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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