Edward R and Ruby J Lea Charitable Tr B
Edward R and Ruby J Lea Charitable Tr B is a private foundation, based in Carthage, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $571K in total assets. In 2024, it awarded 1 grant totaling $23K. Net investment income was $61K.
Edward R and Ruby J Lea Charitable Tr B at a glance
In short: Edward R and Ruby J Lea Charitable Tr B gave $23K across 1 grant in 2024 (avg $23K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $22,903
- +5.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $22,903
- +5.0% vs 2023
- Median grant
- $22,903
- Total assets
- $571,066
- +5.7% 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 B funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Cumberland University ($23K).
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Edward R and Ruby J Lea Charitable Tr B gives
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 101% 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 $18K (2022) to $28K (2021). In 2024 it made 1 grant totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cumberland University Lebanon, TN | Education scholarship for students | $22,903 |
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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 | $571,066 | $68,036 | $37,329 | $22,903 | 1 | $29,524 | $61,413 | $29,094 |
| 2023 | $540,359 | $45,730 | $30,488 | $21,803 | 1 | $25,904 | $41,626 | $27,004 |
| 2022 | $525,117 | $39,521 | $27,782 | $17,739 | 3 | $22,759 | $34,498 | $26,823 |
| 2021 | $513,378 | $35,694 | $40,584 | $27,737 | 6 | $34,159 | $29,269 | $27,162 |
| 2020 | $528,098 | $10,600 | $24,177 | $20,667 | 3 | — | $9,872 | $24,736 |
Under IRS private-foundation payout rules, Edward R and Ruby J Lea Charitable Tr B reported a distributable amount of $29K 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 B is led by David Bass, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2024 filing
David Bass
Trustee
On filings since 2020
5 hrs/week
$5K (2021) → $7K (2024)
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 $7K, to David Bass (Trustee).
Frequently asked questions about Edward R and Ruby J Lea Charitable Tr B
How much does Edward R and Ruby J Lea Charitable Tr B give each year?
Edward R and Ruby J Lea Charitable Tr B gave $23K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $22K across 1 grant.
How large is Edward R and Ruby J Lea Charitable Tr B?
Edward R and Ruby J Lea Charitable Tr B reported $571K in total assets on its 2024 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $29K (roughly 5% of its investment assets).
Where does Edward R and Ruby J Lea Charitable Tr B operate?
Edward R and Ruby J Lea Charitable Tr B has awarded grants in Kentucky, Tennessee.
What is Edward R and Ruby J Lea Charitable Tr B's EIN?
Edward R and Ruby J Lea Charitable Tr B's EIN (Employer Identification Number) is 20-6862914. 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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