Jerry and Polly Lee is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PASCAGOULA, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $420K in total assets. In 2024, it awarded 22 grants totaling $24K. Net investment income was $40K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$420K
+3.8% YoY
Annual Giving
$24K
-9.2% YoY
Grant Count
22
-4.3% YoY
Avg Grant Size
$1K
-5.1% YoY
Under IRS private-foundation payout rules, Jerry and Polly Lee reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
About Jerry and Polly Lee
Based on IRS filings
Jerry and Polly Lee is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PASCAGOULA, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $420K in total assets. In 2024, it awarded 22 grants totaling $24K. Net investment income was $40K.
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 | $419,706 | $404,492 | $418,541 |
| Revenue | $42,352 | $15,232 | $-22,140 |
| Expenses | $27,138 | $29,281 | $24,682 |
| Qualifying Distributions | $23,600 | $26,000 | $19,900 |
| Net Investment Income | $39,710 | $12,745 | $7,457 |
| Distributable Amount | $21,666 | $20,749 | $21,414 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
110 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pascagoula High School Scholarships ($5,000), Bacot Mccarty Foundation ($2,000), United Way of Jackson County ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY KENNESAW, GA | DONATION | $1,000 |
| AMERICAN RED CROSS WASHINGTON, DC | DONATION | $500 |
| BACOT MCCARTY FOUNDATION PASCAGOULA, MS | DONATION | $2,000 |
| BOYS & GIRLS CLUB ATLANTA, GA | DONATION | $1,000 |
| CASA ATLANTA, GA | DONATION | $1,000 |
| EASTER SEALS CHICAGO, IL | DONATION | $500 |
| FEEDING THE GULF COAST GULFPORT, MS | DONATION | $1,000 |
| HABITAT FOR HUMANITY ATLANTA, GA | DONATION | $1,000 |
| HOME OF GRACE VANCLEAVE, MS | DONATION | $1,000 |
| MAKE A WISH MS RIDGELAND, MS | DONATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JIMMIE F LEE | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jerry and Polly Lee?
Jerry and Polly Lee is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PASCAGOULA, MS. It holds $420K in total assets as of 2024.
How large is Jerry and Polly Lee?
As of 2024, Jerry and Polly Lee holds $420K in total assets with $42K in annual revenue. It awarded 22 grants totaling $24K in 2024.
Where does Jerry and Polly Lee operate?
Jerry and Polly Lee has awarded grants in California, District of Columbia, Florida, Georgia, Illinois, Kentucky, Massachusetts, Maryland, Michigan, Missouri, Mississippi, New York, Tennessee, Texas, Virginia.
What size grants does Jerry and Polly Lee award?
In 2024, Jerry and Polly Lee awarded 22 grants totaling $24K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Jerry and Polly Lee required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jerry and Polly Lee reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jerry and Polly Lee's EIN?
Jerry and Polly Lee's EIN (Employer Identification Number) is 81-2179168. 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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