The Marilyn and William Young Foundation, established in 1998 and based in Owensboro, Kentucky, is a private foundation dedicated to advancing the economic opportunity, well-being, and prosperity of citizens in Owensboro and Daviess County. The foundation aims to serve as a resource for capacity-building, emphasizing initiatives that open minds, enhance skills, and link community efforts.
Beginning in 2024, the Foundation has outlined four strategic focus areas for its grantmaking. The first is Leadership Development, which supports cultivating a new generation of public and private sector leaders who are equipped to navigate change, engage diverse stakeholders, and make impactful decisions that serve the community’s long-term needs. The second focus area is Accessible Arts Experiences, designed to support community strategies that strengthen the sustainability and local relevance of arts and cultural activities, contributing to both quality of life and tourism-based economic development.
The third strategic area, Family Support Systems, funds initiatives aimed at assisting low-income or undereducated populations in gaining access to educational opportunities. These programs are expected to enhance their chances of earning livable wages and achieving long-term self-sufficiency and family stability. The fourth area, Community Grants, provides a limited pool of resources for addressing one-time or urgent needs that benefit the broader community.
The foundation’s eligibility requirements state that all applicants must be recognized by the IRS as 501(c)(3) charitable organizations. Proposals must serve Owensboro and Daviess County residents directly. The Foundation generally does not fund endowments, annual fund appeals, religious organizations, event sponsorships, individuals, or operational costs. Additionally, organizations that practice discrimination based on protected classifications are not eligible for funding.
The application process involves an initial Letter of Intent, followed by a full Grant Application if invited to proceed. Although specific application deadlines or timelines are not provided, potential applicants are encouraged to refer to the foundation’s website or contact the organization for further guidance.
For more information, inquiries can be directed to the foundation's main office at 200 East Third Street, P.O. Box 825, Owensboro, KY 42303. The foundation may also be contacted via phone at (270) 663-1043.
