The George and Fay Young Foundation was founded as a charitable trust in 1985 and incorporated in 1993. Long-time Dallasites, George and Fay Young believed strongly in giving back to the community which had given so much to each of them. Their legacy is carried on by second and third generation family members working at the Foundation. As the assets have grown, the Foundation continues to honor the memory of George and Fay Young by giving to many of the same types of organizations they supported. They have also expanded to reach more people in today's ever-changing community. The Foundation has identified the following areas of focus:
None is available.
The Foundation does not provide funding for professional conferences, organizations less than three years old, deficit financing, or political or religious purposes. Official grant guidelines are available at http://www.gfyfoundation.org/guidelines.htm.
The policy of the Foundation is to issue grants only to organizations which are (i) exempt from federal income taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended (the "Code"); (ii) described in Code Section 501(c)(3); and (iii) not classified as a private foundation described in Code Section 509(a). Grants are not made to individuals. The Foundation traditionally focuses on organizations operating within the Dallas/ Ft. Worth Metroplex. The Foundation, will however, give consideration to organizations located in other parts of Texas as well as throughout the United States that represent the areas of focus listed above.
Grant applications are considered two times per year, May with payment no later than June 30, and October with payment no later than November 30. Applications to be considered in May must be submitted by April 15 and by September 15 for consideration in October. Early submission is encouraged. The Foundation endeavors to respond on grants both approved and those declined as quickly as possible after its May and October meetings. Unless declined, applications submitted by April 15 remain as grant candidates for November funding.
Award amounts vary.