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F M And Gloria Young Family Foundation is a private corporation based in WACO, TX. The foundation received its IRS ruling in 2004. The principal officer is F M Young. It holds total assets of $1.3M. Annual income is reported at $288K. Total assets have grown from $916K in 2011 to $1.2M in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, F M And Gloria Young Family Foundation has made 9 grants totaling $248K, with a median grant of $5K. Annual giving has decreased from $116K in 2020 to $5K in 2022. Grantmaking activity was highest in 2021 with $126K distributed across 3 grants. Individual grants have ranged from $100 to $111K, with an average award of $28K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
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.
F M And Gloria Young Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in TX.
F M And Gloria Young Family Foundation has distributed a total of $248K across 9 grants. The median grant size is $5K, with an average of $28K. Individual grants have ranged from $100 to $111K.
F M And Gloria Young Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
F M And Gloria Young Family Foundation is headquartered in WACO, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Melanie Sheedy | DIRECTOR | $0 | $0 | N/A |
| Kimberly Jung | DIRECTOR | $0 | $0 | N/A |
| Susan Abplanalp | DIRECTOR | $0 | $0 | N/A |
| Gloria Young | PRESIDENT/SECRETARY/DIRECT | $0 | $0 | N/A |
| Davis Young | DIRECTOR | $0 | $0 | N/A |
Total Giving
$5K
Total Assets
$1.2M
Fair Market Value
$1.3M
Net Worth
$1.2M
Grants Paid
$500
Contributions
N/A
Net Investment Income
$34K
Distribution Amount
$59K
Total: $1.2M
Total Grants
9
Total Giving
$248K
Average Grant
$28K
Median Grant
$5K
Unique Recipients
8
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Providence FoundationGENERAL OPERATIONS | Waco, TX | $1K | 2020 |
| Fuzzy Friends RescueANIMAL RESCUE | Waco, TX | $5K | 2022 |
| Baylor UniversityDAVID M. GUINN "THE GODFATHER" ENDOWED SCHOLARSHIP FUND IN LAW | Waco, TX | $100 | 2022 |
| Eagles Wings Retreat CenterPAVING | Burnet, TX | $111K | 2021 |
| Family Abuse CenterWACO FOUNDATION ENDOWMENT | Waco, TX | $10K | 2021 |
| Brazos Education FoundationONE SCHOLARSHIP FOR ONE YEAR | Waco, TX | $5K | 2021 |
| St Mary'S Catholic CenterGENERAL OPERATIONS | College Station, TX | $100K | 2020 |
| Meals & WheelsGENERAL OPERATIONS | Waco, TX | $10K | 2020 |