Grace and William Lee Foundation

Foundation · Grantmaker Las Vegas, NV EIN: 46-4130612

Grace and William Lee Foundation is a private foundation focused on Public, Societal Benefit, based in Las Vegas, NV. IRS filing data is available from 2020 through 2024. In 2024, it awarded 3 grants totaling $51K.

Key facts about Grace and William Lee Foundation

EIN: 46-4130612
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $50,897
Grants made (2024): 3
Average grant: $16,966
Median grant: $13,000
Primary geography: Nevada (69% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Grace and William Lee Foundation funds

By grant dollars, the top recipient states for Grace and William Lee Foundation's 3 itemized 2024 grants were Nevada (69%) and California (31%). None of its 3 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Contribution" (3 grants).

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.

Next steps with Grace and William Lee Foundation

How to evaluate Grace and William Lee Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to Grace and William Lee Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$51K

-52.4% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$17K

-84.1% YoY

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.

About Grace and William Lee Foundation

Based on IRS filings

Focus Areas

Public, Societal Benefit

Your AI grants department

Ready to take the next step with Grace and William Lee Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Nevada $35K (69%)

California $16K (31%)

Share of all 3 itemized 2024 grant dollars.

States

California Nevada

Cities

Las VegasSanta ClaraLos AngelesNorthridge

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	—	$54,452	$2,202
Revenue	—	$160,000	$70,000
Expenses	$53,552	$107,800	$81,308
Qualifying Distributions	—	$106,900	$80,458
Net Investment Income	—	—	—
Distributable Amount	$2,133	$560	$441

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Antioch Church ($34,897), Shalom Disability Ministries ($13,000), Christian Life World Mission Frontiers ($3,000).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Grace H Lee	President/Treasurer	4	—
William Lee	Secretary	4	—

Subject Areas

Focus areas based on grantmaking activity

Public, Societal Benefit

Frequently Asked Questions

What is Grace and William Lee Foundation?

Grace and William Lee Foundation is a nonprofit organization focused on Public, Societal Benefit, based in Las Vegas, NV. It holds — in total assets as of 2024.

Where does Grace and William Lee Foundation operate?

Grace and William Lee Foundation has awarded grants in California, Nevada.

What size grants does Grace and William Lee Foundation award?

In 2024, Grace and William Lee Foundation awarded 3 grants totaling $51K — an average of about $17K per grant, based on its IRS Form 990 filings.

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.