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Albert Young Irrevocable Scholarship Trust is a private trust based in BANGOR, ME. The foundation received its IRS ruling in 2005. The principal officer is Bangor Savings Bank Ttee. It holds total assets of $704K. Annual income is reported at $250K. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Maine. According to available records, Albert Young Irrevocable Scholarship Trust has made 46 grants totaling $141K, with a median grant of $2K. The foundation has distributed between $45K and $49K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $49K distributed across 12 grants. Individual grants have ranged from $1K to $20K, with an average award of $3K. The foundation has supported 43 unique organizations. The foundation primarily supports organizations in Maine, Utah, Massachusetts, which account for 93% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$1K
Average Grant
$2K
Largest Grant
$5K
Based on 22 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Albert Young Irrevocable Scholarship Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 46 grants. Its grantmaking reaches organizations primarily in ME, UT, MA.
Albert Young Irrevocable Scholarship Trust has distributed a total of $141K across 46 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $1K to $20K.
The application deadline is MAY 1. No restrictions.
Albert Young Irrevocable Scholarship Trust is headquartered in BANGOR, ME. While based in ME, the foundation distributes grants to organizations across 6 states.
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Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$55K
Total Assets
$710K
Fair Market Value
$899K
Net Worth
$710K
Grants Paid
$47K
Contributions
N/A
Net Investment Income
$26K
Distribution Amount
$45K
Total: $673K
Total Grants
46
Total Giving
$141K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
43
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Utah Scholarship & FinanSCHOLARSHIP | Salt Lake City, UT | $20K | 2023 |
| Husson UniversitySCHOLARSHIP | Bangor, ME | $9K | 2023 |
| Eastern Maine Community CollegeSCHOLARSHIP | Bangor, ME | $5K | 2023 |
| Thomas CollegeSCHOLARSHIP | Waterville, ME | $2K | 2023 |
| University Of Maine OronoSCHOLARSHIP | Orono, ME | $2K | 2023 |
| Springfield CollegeSCHOLARSHIP | Springfield, MA | $2K | 2023 |
| University Of Southern MaineSCHOLARSHIP | Gorham, ME | $1K | 2023 |
| Jackson CollegeSCHOLARSHIP | Jackson, MI | $1K | 2023 |
| Maine College Of Art & DesignSCHOLARSHIP | Portland, ME | $1K | 2023 |
| St Joseph'S College Of MaineSCHOLARSHIP | Standish, ME | $1K | 2023 |
| University Of Maine AugustaSCHOLARSHIP | Augusta, ME | $1K | 2023 |
| Florida Gulf Coast UniversitySCHOLARSHIP | Fort Myers, FL | $1K | 2023 |
| University Of Maine At FarmingtonSCHOLARSHIP | Farmington, MA | $5K | 2022 |
| University Of MaineSCHOLARSHIP | Orono, ME | $5K | 2022 |
| Sarah Lawrence CollegeSCHOLARSHIP | Bronxville, NY | $3K | 2022 |
| Endicott CollegeSCHOLARSHIP | Boston, MA | $3K | 2022 |
| Clark UniversitySCHOLARSHIP | Worcester, MA | $2K | 2022 |
| Massachusetts Institute Of TechnologySCHOLARSHIPS | Cambridge, MA | $2K | 2022 |
| University Of Maine Presque IsleSCHOLARSHIPS | Presque Isle, ME | $2K | 2022 |
| EmccSCHOLARSHIP | Bangor, ME | $2K | 2022 |
| Emmanuel CollegeSCHOLARSHIP | Boston, MA | $2K | 2022 |
| Scholarship Award - Alice BowdenSCHOLARSHIP | Bangor, ME | $5K | 2020 |
| Scholarship Award - Kayla BondSCHOLARSHIP | Bangor, ME | $4K | 2020 |
| Scholarship Award -Hannah SherwoodSCHOLARSHIP | Bangor, ME | $4K | 2020 |
| Albert H Young Scholarship -Wanda GouldSCHOLARSHIP | Bangor, ME | $3K | 2020 |
| Scholarship Award - Quinn StablerSCHOLARSHIP | Bangor, ME | $3K | 2020 |
| Scholarship Award - Jesse GinnSCHOLARSHIP | Bangor, ME | $3K | 2020 |
| Scholarship Award -William LarsonSCHOLARSHIP | Bangor, ME | $2K | 2020 |
| Scholarship Award - Lars HooperSCHOLARSHIP | Bangor, ME | $2K | 2020 |
| Scholarship Award - Zoe HosfordSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Brady FindlaySCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Kobe HambySCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Kiah WilsonSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Katelyn CloutierSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Tyler M WinchesterSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Albert And Beulah Young ScholarshipSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - John FosterSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Guy MourredesSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Timothy HolcombSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Olivia WestSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Jocelyn TozierSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Suzanne JackSCHOLARSHIP | Bangor, ME | $1K | 2020 |
| Scholarship Award - Quincy Howes- MosherSCHOLARSHIP | Bangor, ME | $1K | 2020 |