Lee Foundation
Lee Foundation is a private foundation, based in Davenport, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $493K in total assets. In 2025, it awarded 2 grants totaling $47K. Net investment income was $8K.
Lee Foundation at a glance
In short: Lee Foundation gave $47K across 2 grants in 2025 (avg $24K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $47,210
- -29.5% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $23,605
- +5.8% vs 2024
- Median grant
- $23,605
- Total assets
- $493,444
- -4.1% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lee Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Santa Fund Contributions ($31K). Together the top 2 received $47K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 11 grants of 14 (79%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Lee Foundation gives
- Giving fell 67% from 2022 to 2025. Method
- In 2025 it paid out 200% of 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
From 2019 to 2025, annual grant giving ranged from $47K (2025) to $147K (2020). In 2025 it made 2 grants totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Santa Fund Contributions Davenport, IA | Foster learning provide food shelter and strengthen communities | $31,210 |
| General Contributions Davenport, IA | Foster learning provide food shelter and strengthen communities | $16,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $493,444 | $-1,441 | $62,250 | $47,210 | 2 | $47,210 | $8,290 | $23,576 |
| 2024 | $514,454 | $81,167 | $81,924 | $66,924 | 3 | $66,924 | $9,210 | $23,832 |
| 2023 | $482,244 | $-1,258 | $137,479 | $122,479 | 3 | $122,479 | $9,068 | $24,815 |
| 2022 | $602,004 | $80,237 | $160,636 | $142,386 | 3 | $142,386 | $4,137 | $33,219 |
| 2021 | $799,691 | $99,881 | $127,931 | $109,181 | 3 | — | $23,095 | $39,187 |
| 2020 | $847,693 | $82,878 | $152,259 | $147,301 | 3 | — | $28,370 | $43,787 |
| 2019 | $969,229 | $16,919 | $540,132 | $100,000 | 1 | — | $16,937 | $57,487 |
Under IRS private-foundation payout rules, Lee Foundation reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lee Foundation is led by Kevin D Mowbray, President since 2021 (on filings since 2019); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kevin D Mowbray
President
Vice President & Director → Vice President, 2020
Vice President → President, 2021
On filings since 2019
1 hr/week
No compensation reported
Astrid Garcia
Director
On filings since 2019
1 hr/week
No compensation reported
Timothy R Millage
Treasurer
Secretary & Treasurer → Treasurer, 2020
On filings since 2019
1 hr/week
No compensation reported
Nathan A Bekke
Vice President
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: James A. Green (2019–2020) — Vice President
- Former: Mary E. Junck (2019–2020) — President
Data from IRS Form 990 filings, 2019–2025. "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 Lee Foundation
How much does Lee Foundation give each year?
Lee Foundation gave $47K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $67K across 3 grants.
How large is Lee Foundation?
Lee Foundation reported $493K in total assets on its 2025 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets).
Where does Lee Foundation operate?
Lee Foundation has awarded grants in Iowa, Missouri.
What is Lee Foundation's EIN?
Lee Foundation's EIN (Employer Identification Number) is 42-6057173. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 24, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 11, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 14, 2026)
- IRS filings on file for fiscal years 2019–2024
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