Young Family Foundation Inc

Private foundation · Grantmaker Delray Beach, FL EIN: 61-1510360

Young Family Foundation Inc is a private foundation, based in Delray Beach, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $491K in total assets. In 2024, it awarded 9 grants totaling $31K. Net investment income was $7K.

Key facts about Young Family Foundation Inc

In short: Young Family Foundation Inc gave $31K across 9 grants in 2024 (avg $3K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.

EIN
61-1510360
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$30,820
Grants made (2024)
9
Average grant
$3,424
Median grant
$1,000
Total assets
$491,141
Primary geography
Pennsylvania (65% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$491K

-19.3% YoY

Annual Giving

$31K

+15.8% YoY

Grant Count

9

+12.5% YoY

Avg Grant Size

$3K

+3.0% YoY

Under IRS private-foundation payout rules, Young Family Foundation Inc reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.

How Young Family Foundation Inc gives

  • Giving fell 26% from 2021 to 2024. Method
  • In 2023 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 9 itemized grants.

Cities

Delray BeachGulf StreamWest Palm BeachBoca RatonBoynton BeachBrooklynGainesvilleJupiterNew YorkPalm BeachPalm Beach GardensPhiladelphia

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K8 grants2021 13 grants2022 8 grants2023 9 grants2024

From 2021 to 2024, annual grant giving ranged from $27K (2023) to $42K (2021). In 2024 it made 9 grants totaling $31K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

US Squash: $20KUS Squash$20KThe Miracle League of Palm Beach: $5KThe Miracle League of PalmBeach$5KCommunity Childcare: $2KCommunity Childcare$2KHistorical Society: $1KHistorical Society$1KGulf Stream School: $1KGulf Stream School$1KJordan AVI Ogman Foundation: $720Jordan AVI Ogman Foundation$720Hanley Center Foundation: $455Hanley Center Foundation$455Bone Marrow & Cancer Foundation: $250Bone Marrow & CancerFoundation$250Sunflower Creative Arts: $75Sunflower Creative Arts$75

The largest 2024 recipient was US Squash ($20K). Together the top 9 received $31K.

Grant Size Distribution

38 grants across all recorded years

38<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 38 grants of 38 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
US Squash Philadelphia, PAEducation$20,000
The Miracle League of Palm Beach Delray Beach, FLFoundation$5,000
Community Childcare Palm Beach Gardens, FLEducation$2,010
Historical Society West Palm Beach, FLEducation$1,310
Gulf Stream School Gulf Stream, FLEducation$1,000
Jordan AVI Ogman Foundation Boca Raton, FLFoundation$720
Hanley Center Foundation West Palm Beach, FLEducation$455
Bone Marrow & Cancer Foundation New York, NYEducation$250
Sunflower Creative Arts Delray Beach, FLEducation$75

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2021 2022 2023 2024
Metric202420232022
Total Assets$491,141$608,515$729,738
Revenue$20,811$-45,219$13,685
Expenses$105,149$101,689$122,489
Qualifying Distributions—$26,610$39,852
Net Investment Income$7,367$3,677—
Distributable Amount$30,364$32,754$38,943

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Young Family Foundation Inc is led by James Young, President on every filing since 2021; all 2 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • James Young

    President

    On filings since 2021

    20 hrs/week

    $36K (2021) → $26K (2024)

  • Marcie Young

    Director

    On filings since 2021

    10 hrs/week

    $26K (2021) → $22K (2024)

Former officers (1)
  • Former: Richard Yound (2021–2022) — Director

Data from IRS Form 990 filings, 2021–2024. "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

James Young — President: $26KJames YoungPresident$26KMarcie Young — Director: $22KMarcie YoungDirector$22K

The highest reported compensation on the 2024 filing was $26K, to James Young (President). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Young Family Foundation Inc

How much does Young Family Foundation Inc give each year?

Young Family Foundation Inc gave $31K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $27K across 8 grants.

What is Young Family Foundation Inc's typical grant size?

Young Family Foundation Inc's median grant in 2024 was $1,000, and its average grant was $3,424, across 9 grants on its 2024 IRS Form 990-PF.

Where does Young Family Foundation Inc give grants?

Young Family Foundation Inc gives mostly in Pennsylvania: 65% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (34%). The most frequent recipient cities were Delray Beach, FL (2 grants) and West Palm Beach, FL (2 grants).

Does Young Family Foundation Inc give general operating support?

Not in 2024: none of the 9 grants with a stated purpose on Young Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (7 grants).

Who are Young Family Foundation Inc's largest grantees?

Young Family Foundation Inc's largest 2024 grantees include US Squash ($20,000), The Miracle League of Palm Beach ($5,000) and Community Childcare ($2,010), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.

How large is Young Family Foundation Inc?

Young Family Foundation Inc reported $491K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $21K.

How much is Young Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Young Family Foundation Inc reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Young Family Foundation Inc's EIN?

Young Family Foundation Inc's EIN (Employer Identification Number) is 61-1510360. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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