Grace and William Lee Foundation
Grace and William Lee Foundation is a private foundation focused on public and societal benefit, based in Las Vegas, NV. IRS filing data is available from 2020 through 2024. In 2024, it awarded 3 grants totaling $51K.
Grace and William Lee Foundation at a glance
In short: Grace and William Lee Foundation gave $51K across 3 grants in 2024 (avg $17K), mostly in Nevada. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $50,897
- -52.4% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $16,966
- -84.1% vs 2023
- Median grant
- $13,000
- Primary geography
- Nevada (69% 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 Grace and William Lee Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Antioch Church ($35K). Together the top 3 received $51K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 9 grants of 13 (69%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Grace and William Lee Foundation gives
- Giving fell 54% from 2021 to 2024. Method
- In 2023 it paid out well above 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 $51K (2024) to $110K (2021). In 2024 it made 3 grants totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Antioch Church Las Vegas, NV | Charitable Contribution | $34,897 |
| Shalom Disability Ministries Los Angeles, CA | Charitable Contribution | $13,000 |
| Christian Life World Mission Frontiers Santa Clara, CA | Charitable Contribution | $3,000 |
Ready to take the next step with Grace and William Lee Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | — | — | $53,552 | $50,897 | 3 | — | $2,133 |
| 2023 | $54,452 | $160,000 | $107,800 | $106,900 | 1 | $106,900 | $560 |
| 2022 | $2,202 | $70,000 | $81,308 | $80,458 | 3 | $80,458 | $441 |
| 2021 | $13,510 | $110,000 | $111,050 | $110,200 | 2 | $110,200 | $693 |
| 2020 | $14,510 | $110,000 | $102,986 | $102,100 | 4 | — | $452 |
Under IRS private-foundation payout rules, Grace and William Lee Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Grace and William Lee Foundation is led by Grace H. Lee, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Grace H. Lee
President & Treasurer
On filings since 2020
4 hrs/week
No compensation reported
William Lee
Secretary
On filings since 2020
4 hrs/week
No compensation reported
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.
Frequently asked questions about Grace and William Lee Foundation
How much does Grace and William Lee Foundation give each year?
Grace and William Lee Foundation gave $51K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $107K across 1 grant.
What is Grace and William Lee Foundation's typical grant size?
Grace and William Lee Foundation's median grant in 2024 was $13,000, and its average grant was $16,966, across 3 grants on its 2024 IRS Form 990-PF.
Where does Grace and William Lee Foundation give grants?
Grace and William Lee Foundation gives mostly in Nevada: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (31%).
What is Grace and William Lee Foundation?
Grace and William Lee Foundation is a private foundation focused on public and societal benefit, based in Las Vegas, NV.
How much is Grace and William Lee Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Grace and William Lee Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Grace and William Lee Foundation's EIN?
Grace and William Lee Foundation's EIN (Employer Identification Number) is 46-4130612. 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
Live grants for the work Grace and William Lee Foundation funds
Public, Societal Benefit Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Grace and William Lee Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Nevada
Taeyoung & Hwaja Choi Foundation I
Gardena, CA
Assets
$323K
Grants
5
Total Given
$7K
Dreamer's Foundation
Rolling Hills Estate, CA
Assets
$799K
Grants
7
Total Given
$78K
Kang Dream Foundation
Los Aneles, CA
The foundation supports scholarships, education, charitable and religious activities, community services, homelessness support, disability services, and Korean American communities. In 2024, it awarded 32 grants totaling $312,900, with a median grant of $4,200 and amounts ranging from $1,000 to $81,800; nearly all funding went to California, with a small share to New York. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$7.1M
Grants
32
Total Given
$313K
Friendship Beyond Borders Inc
Simi Valley, CA
Friendship Beyond Borders Inc funds scholarships, disability-related activities, education, evangelical work, after-school programs, and services for people experiencing homelessness. Its 2024 grants ranged from $4,800 to $40,000, with a median of $24,600, and all went to recipients in California. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$230K
Grants
10
Total Given
$220K
Open Stewardship Foundation
Los Angeles, CA
The foundation funds eligible nonprofits, civic organizations, and schools providing education, medical care, food, rehabilitation, and other public-benefit services, primarily in communities served by Open Bank; nearly all 2025 grant dollars went to California. Its 2025 grants ranged from $2,000 to $200,000, with a median of $4,000. It accepted applications in its 2025 cycle, but that cycle is now closed.
Assets
$11.2M
Grants
89
Total Given
$707K
HJ & JC Mission Foundation
Rancho Palos Verdes, CA
Assets
$214K
Grants
2
Total Given
$13K
More similar funders
More Funders in Nevada
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Grace and William Lee Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Grace and William Lee Foundation down — hundreds of funders to go?