W T Young Family Foundation Inc
- Assets
- $3.4m
- Revenue
- $547.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/1982
- Data as of
- 12/2023
- EIN
- 31-1020207
Organization Overview
W T Young Family Foundation Inc is located in Lexington, KY. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W T Young Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, W T Young Family Foundation Inc generated $547.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $700.4k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W T Young Family Foundation Inc has awarded 57 individual grants totaling $2,400,596. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Young Jr President & Director | 0 | $0 | |
Douglas Dean Vice President & Director | 0 | $0 | |
John H Lovern Secretary/treasurer & Dire | 0 | $0 | |
Christopher H Young Director | 0 | $0 | |
Meade Y Fogel Director | 0 | $0 | |
Lucy Y Hamilton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $322,769 |
| Interest on Savings | $6,978 |
| Dividends & Interest | $161,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,490 |
| Capital Gain Net Income | $56,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $547,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,410 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $6,925 |
| Contributions, gifts, grants paid | $693,500 |
| Total expenses and disbursements | $700,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $278,662 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,366,682 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, W T Young Family Foundation Inc has awarded $693,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: SUBSIDY | $100,000 |
GREENS FARMS ACADEMY INC PURPOSE: SUBSIDY | $50,000 |
UNITING VOICES PURPOSE: SUBSIDY | $25,000 |
UNIVERSITY OF KENTUCKY ARBORETUM PURPOSE: SUBSIDY | $250,000 |
COMMON GOOD INSTITUTE INC PURPOSE: SUBSIDY | $7,500 |
ENTITLEMENTS HOW PURPOSE: SUBSIDY | $3,000 |