Jack K Ayre & Frank Ayre Lee

Private foundation · Grantmaker Fort Worth, TX EIN: 47-1702608

Jack K Ayre & Frank Ayre Lee is a private foundation, based in Fort Worth, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 3 grants totaling $98K. Net investment income was $171K.

Key facts about Jack K Ayre & Frank Ayre Lee

In short: Jack K Ayre & Frank Ayre Lee gave $98K across 3 grants in 2025 (avg $33K), mostly in Texas. Source: 2025 IRS Form 990-PF.

EIN
47-1702608
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$98,000
Grants made (2025)
3
Average grant
$32,667
Median grant
$43,000
Total assets
$1,931,012
Primary geography
Texas (90% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.9M

+3.7% YoY

Annual Giving

$98K

+8.9% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$33K

+8.9% YoY

Under IRS private-foundation payout rules, Jack K Ayre & Frank Ayre Lee reported a distributable amount of $103K for 2025 — the minimum it must pay out in qualifying distributions.

How Jack K Ayre & Frank Ayre Lee gives

  • Giving held roughly steady from 2022 to 2025 (−5%). Method
  • In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

Fort WorthMadison

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K5 grants2020 4 grants2021 4 grants2022 4 grants2023 3 grants2024 3 grants2025

From 2020 to 2025, annual grant giving ranged from $90K (2024) to $104K (2022). In 2025 it made 3 grants totaling $98K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

American Association of Community Theatre: $45KAmerican Association ofCommunity Theatre$45KTheatre Network of Texas: $43KTheatre Network of Texas$43KShakespeare Theatre of New Jersey: $10KShakespeare Theatre of NewJersey$10K

The largest 2025 recipient was American Association of Community Theatre ($45K). Together the top 3 received $98K.

Grant Size Distribution

18 grants across all recorded years

18<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 18 grants of 18 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
American Association of Community Theatre Fort Worth, TXOperational Support$45,000
Theatre Network of Texas Fort Worth, TXOperational Support$43,000
Shakespeare Theatre of New Jersey Madison, NJOperational Support$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,931,012$1,861,618$1,837,931
Revenue$193,385$137,346$49,358
Expenses$123,991$113,659$119,209
Qualifying Distributions$101,370$91,075$98,306
Net Investment Income$170,764$114,762$43,374
Distributable Amount$102,978$98,831$94,320

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 27, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Jack K Ayre & Frank Ayre Lee is led by Janet Lee Salters, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Janet Lee Salters

    President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Gary Hunter Lee

    Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Linda M. Lee

    Secretary

    On filings since 2020

    3 hrs/week

    No compensation reported

  • Raymond Clifford Lee

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 Jack K Ayre & Frank Ayre Lee

How much does Jack K Ayre & Frank Ayre Lee give each year?

Jack K Ayre & Frank Ayre Lee gave $98K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $90K across 3 grants.

What is Jack K Ayre & Frank Ayre Lee's typical grant size?

Jack K Ayre & Frank Ayre Lee's median grant in 2025 was $43,000, and its average grant was $32,667, across 3 grants on its 2025 IRS Form 990-PF.

Where does Jack K Ayre & Frank Ayre Lee give grants?

Jack K Ayre & Frank Ayre Lee gives mostly in Texas: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (10%). The most frequent recipient cities were Fort Worth, TX (2 grants).

Does Jack K Ayre & Frank Ayre Lee give general operating support?

Yes: 100% of Jack K Ayre & Frank Ayre Lee's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is Jack K Ayre & Frank Ayre Lee?

Jack K Ayre & Frank Ayre Lee reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $101K in qualifying distributions that year, against a required minimum of $103K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Jack K Ayre & Frank Ayre Lee's EIN?

Jack K Ayre & Frank Ayre Lee's EIN (Employer Identification Number) is 47-1702608. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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