Lee Family Charitable Foundation

Foundation · Grantmaker Boston, MA EIN: 04-6022029

Lee Family Charitable Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 6 grants totaling $633K. Net investment income was $282K.

Key facts about Lee Family Charitable Foundation

EIN: 04-6022029
Latest 990 filing: Form 990-PF, 2022
Annual giving (2022): $633,486
Grants made (2022): 6
Average grant: $105,581
Median grant: $105,581
Primary geography: Massachusetts (100% of itemized 2022 grant dollars)

Data from IRS Form 990-PF, 2022; updated September 2026.

Who Lee Family Charitable Foundation funds

By grant dollars, the top recipient states for Lee Family Charitable Foundation's 6 itemized 2022 grants were Massachusetts (100%). The most frequent recipient cities were Boston, MA (4 grants). None of its 6 grants with a stated purpose were described as general or operating support.

How Lee Family Charitable 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.

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Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$633K

+1819.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$106K

+1819.7% YoY

Under IRS private-foundation payout rules, Lee Family Charitable Foundation reported a distributable amount of $28K for 2022 — the minimum it must pay out in qualifying distributions.

About Lee Family Charitable Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $633K (100%)

Share of all 6 itemized 2022 grant dollars.

States

Massachusetts

Cities

BostonCambridgeMilton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$360,578	$346,496
Revenue	$297,983	$53,725	$18,716
Expenses	$658,561	$39,643	$33,518
Qualifying Distributions	$642,521	$34,285	—
Net Investment Income	$281,942	$48,367	$14,302
Distributable Amount	$28,119	$42,300	$33,675

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2020–2022

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2022

Grant Size Distribution

18 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest recipients include Boston Symphony Orchestra ($105,581), Harvard College ($105,581), Mass General Hospital ($105,581).

Recipient	Purpose	Amount
BOSTON SYMPHONY ORCHESTRA Boston, MA	SYMPHONY ORCHESTRA	$105,581
HARVARD COLLEGE Cambridge, MA	EDUCATIONAL	$105,581
MASS GENERAL HOSPITAL Boston, MA	MEDICAL	$105,581
MILTON ACADEMY Milton, MA	EDUCATIONAL	$105,581
MUSEUM OF FINE ARTS Boston, MA	MUSEUM	$105,581
TUFTS MEDICAL CENTER Boston, MA	MEDICAL	$105,581

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2022 IRS filing

Name	Title	Hours	Compensation
William E Flanagan	Trustee	1	—
David S Lee	Trustee	1	—
James J Lee Jr	Trustee	1	—

Frequently Asked Questions

Where does Lee Family Charitable Foundation operate?

Lee Family Charitable Foundation has awarded grants in Massachusetts.

What size grants does Lee Family Charitable Foundation award?

In 2022, Lee Family Charitable Foundation awarded 6 grants totaling $633K — an average of about $106K per grant, based on its IRS Form 990 filings.

How much is Lee Family Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Lee Family Charitable Foundation reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Lee Family Charitable Foundation's EIN?

Lee Family Charitable Foundation's EIN (Employer Identification Number) is 04-6022029. IRS Form 990 filing data is available on this page for 2020–2022.