The Paul and Elizabeth Younts Trust provides financial support to nonprofit organizations that offer health services within the state of North Carolina. The foundation's primary mission is to improve public health and well-being through grants that support health-related programs. Grants are limited to 501(c)(3) organizations, and funding is restricted to programmatic support rather than operational costs.

While the foundation does not impose strict limitations on program focus, it does not typically fund requests for salaries. Organizations seeking funding should ensure their projects align with the foundation’s mission to enhance health services in North Carolina. The trust is managed by Wells Fargo Bank, N.A., which oversees the administration of grant funds.

Grants are distributed annually, with an average grant size of $27,500. Typically, only one to two grants are awarded per year, with an average total annual giving of approximately $36,000. Due to the limited number of grants awarded, competition for funding is likely to be high.

Applications are accepted year-round, but to be considered for review at the annual grant meeting, submissions must be completed by February 28. Grant decisions are generally communicated within three months after the deadline. Applicants will receive an email confirmation upon submission of their application.

Recipients of grant funding may be required to submit periodic progress reports and final reports detailing the use of funds and the impact of the funded project. These reporting requirements ensure accountability and adherence to the foundation's mission.