Edward R and Ruby J Lea Charitable Tr B
Edward R and Ruby J Lea Charitable Tr B is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $23K. Net investment income was $61K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$571K
+5.7% YoY
Annual Giving
$23K
+5.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$23K
+5.0% YoY
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.
About Edward R and Ruby J Lea Charitable Tr B
Based on IRS filings
Edward R and Ruby J Lea Charitable Tr B is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $23K. Net investment income was $61K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $571,066 | $540,359 | $525,117 |
| Revenue | $68,036 | $45,730 | $39,521 |
| Expenses | $37,329 | $30,488 | $27,782 |
| Qualifying Distributions | $29,524 | $25,904 | $22,759 |
| Net Investment Income | $61,413 | $41,626 | $34,498 |
| Distributable Amount | $29,094 | $27,004 | $26,823 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cumberland University ($22,903).
| Recipient | Purpose | Amount |
|---|---|---|
| Cumberland University Lebanon, TN | Education scholarship for students | $22,903 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Bass | Trustee | 5 | $6,699 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Edward R and Ruby J Lea Charitable Tr B?
Edward R and Ruby J Lea Charitable Tr B is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARTHAGE, TN. It holds $571K in total assets as of 2024.
How large is Edward R and Ruby J Lea Charitable Tr B?
As of 2024, Edward R and Ruby J Lea Charitable Tr B holds $571K in total assets with $68K in annual revenue. It awarded 1 grants totaling $23K in 2024.
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 size grants does Edward R and Ruby J Lea Charitable Tr B award?
In 2024, Edward R and Ruby J Lea Charitable Tr B awarded 1 grants totaling $23K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Edward R and Ruby J Lea Charitable Tr B required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edward R and Ruby J Lea Charitable Tr B reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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