William T Young Foundation Inc

LEXINGTON, KY EIN: 31-1020207

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

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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

Kentucky $2.0M (65%)

California $254K (8%)

North Carolina $250K (8%)

Connecticut $225K (7%)

Virginia $150K (5%)

Ohio $125K (4%)

New York $53K (2%)

Tennessee $28K (1%)

+1 more states

States

California Connecticut Illinois Kentucky North Carolina New York Ohio Tennessee Virginia

Cities

AlexandriaCharlottesvilleChicagoColumbusDurhamFairfieldLexingtonLong Island CityLouisvilleNashvilleNew YorkSan FranciscoWestport

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.