Young Contracting
Young Contracting is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $731K in total assets. In 2024, it awarded 13 grants totaling $51K. Net investment income was $6K.
Key facts about Young Contracting
In short: Young Contracting gave $51K across 13 grants in 2024 (avg $4K), top state North Carolina. 62% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 26-1558530
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $50,500
- Grants made (2024)
- 13
- Average grant
- $3,885
- Median grant
- $5,000
- New grantees (estimate)
- 62% first-time grantees (8 of 13, 2024)
- Total assets
- $730,648
- Primary geography
- North Carolina (30% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$731K
-1.6% YoY
Annual Giving
$51K
+215.6% YoY
Grant Count
13
+62.5% YoY
Avg Grant Size
$4K
+94.2% YoY
Under IRS private-foundation payout rules, Young Contracting reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
Is Young Contracting open to new grantees?
62%
first-time grantees, 2024
In 2024, 8 of 13 grantees (62%) were first-time recipients. First grants averaged $4K; repeat grants $4K. How we count
Medians: $5K first-time, $3K repeat.
- 23% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+10%). Method
- In 2024 it paid out 288% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
States
Cities
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| DUKE CANCER INSTITUTE Durham, NC | GENERAL OPERATING FUNDS | $10,000 |
| AMERICAN KIDNEY FUND Rockville, MD | GENERAL OPERATING FUNDS | $5,000 |
| CONVOY OF HOPE Springfield, MO | GENERAL OPERATING FUNDS | $5,000 |
| DIRECT RELIEF Santa Barbara, CA | GENERAL OPERATING FUNDS | $5,000 |
| MERCY CHEFS INC Portsmouth, VA | GENERAL OPERATING FUNDS | $5,000 |
| SAMARITAN'S PURSE Boone, NC | GENERAL OPERATING FUNDS | $5,000 |
| TEAM RUBICON INC Los Angeles, CA | GENERAL OPERATING FUNDS | $5,000 |
| COBB COMMUNITY FOUNDATION Atlanta, GA | GENERAL OPERATING FUNDS | $2,500 |
| CAMP TWIN LAKES INC Atlanta, GA | GENERAL OPERATING FUNDS | $2,000 |
| WOUNDED WARRIOR PROJECT INC Jacksonville, FL | GENERAL OPERATING FUNDS | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $730,648 | $742,420 | $753,747 |
| Revenue | $41,167 | $6,949 | $540,982 |
| Expenses | $52,939 | $18,276 | $30,084 |
| Qualifying Distributions | $50,500 | $16,000 | $27,500 |
| Net Investment Income | $6,129 | $5,182 | $3,313 |
| Distributable Amount | $17,539 | $12,775 | $11,943 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Young Contracting is led by Gary W. Young, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gary W. Young
President
On filings since 2020
2 hrs/week
No compensation reported
Laura M. Young
Secretary
On filings since 2021
2 hrs/week
No compensation reported
Former officers (1)
- Former: Benjamin R. Peaock (2020) — Secretary
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.
Frequently asked questions about Young Contracting
How much does Young Contracting give each year?
Young Contracting gave $51K across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $16K across 8 grants.
What is Young Contracting's typical grant size?
Young Contracting's median grant in 2024 was $5,000, and its average grant was $3,885, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Young Contracting that year got $4K on average.
Where does Young Contracting give grants?
Young Contracting's top state is North Carolina, with 30% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (20%) and Georgia (17%). The most frequent recipient cities were Atlanta, GA (4 grants).
Does Young Contracting give general operating support?
Yes: 100% of Young Contracting's 2024 grants with a stated purpose (13 of 13) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Young Contracting's largest grantees?
Young Contracting's largest 2024 grantees include Duke Cancer Institute ($10,000), American Kidney Fund ($5,000) and Convoy of Hope ($5,000), according to its 2024 IRS Form 990-PF. Together they received 40% of its itemized 2024 grant dollars.
How large is Young Contracting?
Young Contracting reported $731K in total assets on its 2024 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets).
What is Young Contracting?
Young Contracting is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. It holds $731K in total assets as of 2024.
What is Young Contracting's EIN?
Young Contracting's EIN (Employer Identification Number) is 26-1558530. 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.
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