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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$51K
-52.4% YoY
Grant Count
3
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
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 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 |
| CHRISTIAN LIFE WORLD MISSION FRONTIERS SANTA CLARA, CA | CHARITABLE CONTRIBUTION | $3,000 |
| SHALOM DISABILITY MINISTRIES LOS ANGELES, CA | CHARITABLE CONTRIBUTION | $13,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GRACE H LEE | PRESIDENT/TREASURER | 4 | — |
| WILLIAM LEE | SECRETARY | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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