Iara Lee and George Gund III Foundation
The Iara Lee and George Gund III Foundation was a private foundation based in Wilmington, Delaware. Its 2022 filing is marked as its final return: the foundation reported that it made a complete liquidation of its assets through charitable distributions and filed a Certificate of Dissolution on December 28, 2022. It therefore appears to have wound down and stopped grantmaking.
Iara Lee and George Gund III Foundation at a glance
In short: Iara Lee and George Gund III Foundation gave $852K across 82 grants in 2022 (avg $10K), top state New York. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $851,918
- Grants made (2022)
- 82
- Average grant
- $10,389
- Median grant
- $5,000
- Primary geography
- New York (32% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
How to apply to Iara Lee and George Gund III Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation stated that it made contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. The filing describes the 2022 distributions as part of the foundation’s complete liquidation.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Iara Lee and George Gund III Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2022
The largest 2022 recipient was Rainforest Action Network ($100K). Together the top 10 received $441K.
Organizations only. It also paid 1 grant to individuals ($10,000), which are not listed by name.
Grant Size Distribution
82 grants across all recorded years
The most common grant size was under $50K: 77 grants of 82 (94%).
Geographic Focus
Where this funder awards grants
In 2022, the largest shares of grant dollars went to recipients in New York (32%), California (25%), Washington, D.C. (10%), Massachusetts (9%), and Maryland (7%). Listed grant purposes also included programs in countries such as Yemen and Angola.
Grant Distribution by State
Share of 2022 grant dollars across all 82 itemized grants.
States
Cities
How Iara Lee and George Gund III Foundation gives
- In 2022 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
In 2022 it made 82 grants totaling $852K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rainforest Action Network San Francisco, CA | Community Action program | $100,000 |
| Georges Malaika Foundation Incorporated New York, NY | 100 student scholarship fund | $77,500 |
| Justice and Education Fund Inc New York, NY | National School Florestan Fernandes | $50,000 |
| Kashmir Education Initiative KEI Wayland, MA | High School Scholarship Program & Tech Lab program | $50,000 |
| Medecins Sans Frontieres USA Inc - Doctors Without Hagerstown, MD | Yemen program | $50,000 |
| Brazil Foundation New York, NY | Instituto De Defesa Do Direito De Defesa; Instituto Kaira's fund | $20,000 |
| Mag America Inc Washington, DC | Angola program | $20,000 |
| The Citizens Foundation USA Chicago, IL | TCF Pakistan program | $19,500 |
| Friends of the Earth Washington, DC | General & Unrestricted | $15,000 |
| 350ORG Boston, MA | Pacific Climate Warriors, Latin America & Africa program | $13,000 |
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Financial History
Multi-year comparison from IRS filings
The foundation reported that its 2022 distributions were made from assets other than current income in complete liquidation.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $-21,299 | $879,990 | $851,918 | 82 | $879,877 | $3,277 | $18,012 |
| 2021 | $901,289 | $907,789 | $6,500 | — | — | $6,500 | $2 | $3,286 |
Under IRS private-foundation payout rules, Iara Lee and George Gund III Foundation reported a distributable amount of $18K for 2022 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its 2022 grants included support for organizations with varied missions. For example, Rainforest Action Network says it works to protect community rights, forests, a stable climate, and biodiversity. The Georges Malaika Foundation says it empowers African girls through education and community programs, while MAG America says it works to clear land contaminated by explosive remnants of conflict and reduce risks to civilians.
Other recipients describe missions involving social justice and opportunity in Brazil (Brazil Foundation), environmental and human-health protection (Friends of the Earth), peace and human rights (CODEPINK Women for Peace), and action on the climate crisis (350.org).
Grantmaking
In 2022, the foundation made 82 grants totaling $851,918. Grant amounts ranged from $1,000 to $100,000, with a median of $5,000.
The largest listed grants included $100,000 to Rainforest Action Network for its Community Action program; $77,500 to the Georges Malaika Foundation for a 100-student scholarship fund; and $50,000 each to Justice and Education Fund for the National School Florestan Fernandes, Kashmir Education Initiative for its high school scholarship and Tech Lab programs, and Médecins Sans Frontières USA for its Yemen program. Other listed grants included $20,000 to Brazil Foundation and $20,000 to MAG America.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2022 filing lists Iara Lee as director, president, secretary, and treasurer.
Iara Lee and George Gund III Foundation is led by Iara Lee, Director, President, Secretary & Treasurer since 2021 (on filings since 2019) — the only officer listed, and uncompensated.
Officers on the 2022 filing
Iara Lee
Director, President, Secretary & Treasurer
President → Director, President, Secretary & Treasurer, 2021
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2022. "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 Iara Lee and George Gund III Foundation
How much does Iara Lee and George Gund III Foundation give each year?
Iara Lee and George Gund III Foundation gave $852K across 82 grants in 2022, according to its 2022 IRS Form 990-PF.
What is Iara Lee and George Gund III Foundation's typical grant size?
Iara Lee and George Gund III Foundation's median grant in 2022 was $5,000, and its average grant was $10,389, across 82 grants on its 2022 IRS Form 990-PF.
Where does Iara Lee and George Gund III Foundation give grants?
Iara Lee and George Gund III Foundation's top state is New York, with 32% of the grant dollars itemized on its 2022 IRS Form 990-PF. The next largest states were California (25%) and District of Columbia (10%). The most frequent recipient cities were New York, NY (13 grants), Washington, DC (8 grants), San Juan, PR (6 grants) and Marina Del Ray, CA (5 grants).
Does Iara Lee and George Gund III Foundation give general operating support?
Yes: 11% of Iara Lee and George Gund III Foundation's 2022 grants with a stated purpose (9 of 82) were for general or operating support, per its 2022 IRS Form 990-PF.
Who are Iara Lee and George Gund III Foundation's largest grantees?
Iara Lee and George Gund III Foundation's largest 2022 grantees include Rainforest Action Network ($100,000), Georges Malaika Foundation Incorporated ($77,500) and Justice and Education Fund Inc ($50,000), according to its 2022 IRS Form 990-PF. It also paid 1 grant to individuals ($10,000), which are not listed by name. Together they received 27% of its itemized 2022 grant dollars.
What does Iara Lee and George Gund III Foundation fund?
No foundation mission statement is provided. Its 2022 grants included support for organizations with varied missions. For example, Rainforest Action Network says it works to protect community rights, forests, a stable climate, and biodiversity. See mission & focus areas ↑
How do I apply for a grant from Iara Lee and George Gund III Foundation?
The foundation stated that it made contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Iara Lee and George Gund III Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Iara Lee and George Gund III Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Iara Lee and George Gund III Foundation's EIN?
Iara Lee and George Gund III Foundation's EIN (Employer Identification Number) is 46-1365729. IRS Form 990 filing data is available on this page for 2019–2022.
Does Iara Lee and George Gund III Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- IRS filings on file for fiscal years 2019–2022
Live grants for the work Iara Lee and George Gund III Foundation funds
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