Edward R and Ruby J Lea Charitable Tr A
Edward R and Ruby J Lea Charitable Tr A is a private foundation, based in Carthage, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $377K in total assets. In 2024, it awarded 1 grant totaling $16K. Net investment income was $56K.
Edward R and Ruby J Lea Charitable Tr A at a glance
In short: Edward R and Ruby J Lea Charitable Tr A gave $16K across 1 grant in 2024 (avg $16K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $16,331
- -3.2% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $16,331
- -3.2% vs 2023
- Median grant
- $16,331
- Total assets
- $376,654
- +9.9% vs 2023
- Primary geography
- Tennessee (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Edward R and Ruby J Lea Charitable Tr A funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Cumberland University ($16K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Edward R and Ruby J Lea Charitable Tr A gives
- Giving held roughly steady from 2021 to 2024 (−11%). Method
- In 2024 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $11K (2022) to $18K (2021). In 2024 it made 1 grant totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cumberland University Lebanon, TN | Scholarship funds for students' education. | $16,331 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $376,654 | $62,172 | $29,112 | $16,331 | 1 | $22,495 | $56,006 | $21,810 |
| 2023 | $342,867 | $35,930 | $24,136 | $16,864 | 1 | $20,340 | $32,453 | $19,807 |
| 2022 | $331,077 | $28,307 | $18,871 | $10,629 | 1 | $14,749 | $24,185 | $19,911 |
| 2021 | $321,637 | $24,153 | $28,834 | $18,325 | 2 | $23,579 | $18,898 | $18,030 |
| 2020 | $341,988 | $1,400 | $19,285 | $15,670 | 1 | — | $5,901 | $17,251 |
Under IRS private-foundation payout rules, Edward R and Ruby J Lea Charitable Tr A reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Edward R and Ruby J Lea Charitable Tr A is led by David Bass, Trustee on every filing since 2021 — the only officer listed, and compensated.
Officers on the 2024 filing
David Bass
Trustee
On filings since 2021
5 hrs/week
$3K (2021) → $6K (2024)
Former officers (1)
- Former: David Bass Attorney (2020) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $6K, to David Bass (Trustee).
Frequently asked questions about Edward R and Ruby J Lea Charitable Tr A
How much does Edward R and Ruby J Lea Charitable Tr A give each year?
Edward R and Ruby J Lea Charitable Tr A gave $16K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $17K across 1 grant.
How large is Edward R and Ruby J Lea Charitable Tr A?
Edward R and Ruby J Lea Charitable Tr A reported $377K in total assets on its 2024 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
Where does Edward R and Ruby J Lea Charitable Tr A operate?
Edward R and Ruby J Lea Charitable Tr A has awarded grants in Tennessee.
What is Edward R and Ruby J Lea Charitable Tr A's EIN?
Edward R and Ruby J Lea Charitable Tr A's EIN (Employer Identification Number) is 20-6862913. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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