Lee Oceans Foundation
Lee Oceans Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.0M in total assets. In 2025, it awarded 3 grants totaling $106K. Net investment income was $138K.
Lee Oceans Foundation at a glance
In short: Lee Oceans Foundation gave $106K across 3 grants in 2025 (avg $35K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $106,000
- +3.5% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $35,333
- +3.5% vs 2024
- Median grant
- $15,000
- Total assets
- $2,962,912
- -0.9% vs 2024
- Primary geography
- New York (85% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Lee Oceans Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Morgan Stanley Global Impact Funding Trust Inc ($90K). Together the top 3 received $106K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Lee Oceans Foundation gives
- In 2025 it paid out 96% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $84K (2023) to $106K (2025). In 2025 it made 3 grants totaling $106K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc Purchase, NY | General & Unrestricted | $90,000 |
| Cordell Marine Sanctuary Foundation Petaluma, CA | General & Unrestricted | $15,000 |
| Monterey Bay Aquarium Foundation Monterey, CA | General & Unrestricted | $1,000 |
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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 | $2,962,912 | $140,837 | $168,208 | $106,000 | 3 | $163,713 | $138,142 | $169,762 |
| 2024 | $2,990,283 | $115,288 | $147,115 | $102,427 | 3 | $143,137 | $112,795 | $161,535 |
| 2023 | $3,005,096 | $92,053 | $135,642 | $83,614 | 1 | $131,961 | $99,616 | $144,932 |
| 2022 | $3,047,372 | $92,723 | $46,871 | — | — | $43,060 | $91,660 | $141,149 |
| 2021 | $3,001,520 | $3,054,554 | $53,034 | — | — | $10,592 | $3,035,032 | $40,355 |
Under IRS private-foundation payout rules, Lee Oceans Foundation reported a distributable amount of $170K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lee Oceans Foundation is led by Robert Lee, Director, President, Secretary & Treasurer on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Robert Lee
Director, President, Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Allison Lee
Director
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Oceans Foundation
How much does Lee Oceans Foundation give each year?
Lee Oceans Foundation gave $106K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $102K across 3 grants.
What is Lee Oceans Foundation's typical grant size?
Lee Oceans Foundation's median grant in 2025 was $15,000, and its average grant was $35,333, across 3 grants on its 2025 IRS Form 990-PF.
Where does Lee Oceans Foundation give grants?
Lee Oceans Foundation gives mostly in New York: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (15%).
Does Lee Oceans Foundation give general operating support?
Yes: 100% of Lee Oceans Foundation'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 Lee Oceans Foundation?
Lee Oceans Foundation reported $3.0M in total assets on its 2025 IRS Form 990-PF. It paid out $164K in qualifying distributions that year, against a required minimum of $170K (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 Lee Oceans Foundation's EIN?
Lee Oceans Foundation's EIN (Employer Identification Number) is 87-0885641. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 1, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Lee Oceans Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Lee Oceans Foundation's focus areas in our free grants database
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