Lee Foundation
Lee Foundation is a private foundation focused on Education, based in Owatonna, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $567K in total assets. In 2025, it awarded 1 grant totaling $7K.
Lee Foundation at a glance
In short: Lee Foundation gave $7K across 1 grant in 2025 (avg $7K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,000
- -6.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $7,000
- -6.7% vs 2024
- Median grant
- $7,000
- Total assets
- $566,561
- -6.7% vs 2024
- Primary geography
- Minnesota (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 recipient in 2025
The largest 2025 recipient was Owatonna Foundation ($7K).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Lee Foundation gives
- Giving fell 78% from 2022 to 2025. Method
- In 2025 it paid out 118% 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 2020 to 2025, annual grant giving ranged from $7K (2025) to $40K (2020). In 2025 it made 1 grant totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Owatonna Foundation Owatonna, MN | Donation | $7,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $566,561 | $12,483 | $53,458 | $7,000 | 1 | $38,604 | $32,621 |
| 2024 | $607,536 | $11,543 | $33,592 | $7,500 | 1 | $16,976 | $28,570 |
| 2023 | $629,585 | $119,046 | $51,726 | $25,000 | 2 | $32,810 | $27,755 |
| 2022 | $562,265 | $340,493 | $373,025 | $32,500 | 2 | $32,500 | $27,196 |
| 2021 | $594,797 | — | $56,323 | $35,370 | 2 | $35,370 | $35,311 |
| 2020 | $651,120 | — | $40,285 | $40,000 | 1 | — | $32,493 |
Under IRS private-foundation payout rules, Lee Foundation reported a distributable amount of $33K 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 Laurence Lee, President on every filing since 2024 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Laurence Lee
President
On filings since 2024
No compensation reported
Former officers (1)
- Former: Anna Lee (2020–2023) — President
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 Lee Foundation
How much does Lee Foundation give each year?
Lee Foundation gave $7K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 1 grant.
How large is Lee Foundation?
Lee Foundation reported $567K in total assets on its 2025 IRS Form 990-PF. It paid out $39K in qualifying distributions that year, against a required minimum of $33K (roughly 5% of its investment assets).
What is Lee Foundation?
Lee Foundation is a private foundation focused on Education, based in Owatonna, MN. It holds $567K in total assets as of 2025.
Where does Lee Foundation operate?
Lee Foundation has awarded grants in Minnesota.
What is Lee Foundation's EIN?
Lee Foundation's EIN (Employer Identification Number) is 47-2513505. 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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
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