Lee Potter Family Charitable Foundation

CORNELIUS, NC EIN: 31-1802133

Lee Potter Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORNELIUS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $375K in total assets. In 2024, it awarded 1 grants totaling $50K. Net investment income was $23K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$375K

-7.8% YoY

Annual Giving

$50K

+25.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$50K

+25.0% YoY

Under IRS private-foundation payout rules, Lee Potter Family Charitable Foundation reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.

About Lee Potter Family Charitable Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $136K (95%)

Virginia $5K (3%)

Georgia $2K (1%)

States

Georgia North Carolina Virginia

Cities

CharlotteDecaturOakton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$375,292	$406,952	$446,801
Revenue	$23,174	$5,149	$9,152
Expenses	$54,834	$44,998	$17,725
Qualifying Distributions	$54,834	$44,927	$16,425
Net Investment Income	$23,174	$5,149	$9,152
Distributable Amount	$26,091	$23,506	$24,373

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Providence Baptist Church ($50,000).

Recipient	Purpose	Amount
PROVIDENCE BAPTIST CHURCH CHARLOTTE, NC	CAPITAL IMPROVEMENTS	$50,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GLENDA S POTTTER	PRESIDENT	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lee Potter Family Charitable Foundation?

Lee Potter Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORNELIUS, NC. It holds $375K in total assets as of 2024.

How large is Lee Potter Family Charitable Foundation?

As of 2024, Lee Potter Family Charitable Foundation holds $375K in total assets with $23K in annual revenue. It awarded 1 grants totaling $50K in 2024.

Where does Lee Potter Family Charitable Foundation operate?

Lee Potter Family Charitable Foundation has awarded grants in Georgia, North Carolina, Virginia.

What size grants does Lee Potter Family Charitable Foundation award?

In 2024, Lee Potter Family Charitable Foundation awarded 1 grants totaling $50K — an average of about $50K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lee Potter Family Charitable Foundation reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Lee Potter Family Charitable Foundation's EIN?

Lee Potter Family Charitable Foundation's EIN (Employer Identification Number) is 31-1802133. IRS Form 990 filing data is available on this page for 2020–2024.