Lees College Inc
Lees College Inc is a private foundation focused on Education, based in Jackson, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $9.3M in total assets. In 2025, it awarded 2 grants totaling $365K. Net investment income was $93K.
Lees College Inc at a glance
In short: Lees College Inc gave $365K across 2 grants in 2025 (avg $183K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $365,000
- +4.3% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $182,500
- +56.4% vs 2024
- Median grant
- $182,500
- Total assets
- $9,254,041
- +8.7% vs 2024
- Primary geography
- Kentucky (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 Lees College Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Hazard Community and Technical Coll ($365K across 2 grants).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $50–100K range: 6 grants of 9 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Lees College Inc gives
- Giving grew 407% from 2022 to 2025. Method
- In 2025 it paid out 91% 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 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $50K (2021) to $365K (2025). In 2025 it made 2 grants totaling $365K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hazard Community and Technical Coll Hazard, KY | Funding for general needs of hazard community and technical college | $277,400 |
| Hazard Community and Technical Coll Hazard, KY | Provide Funding for Scholarships | $87,600 |
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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 | $9,254,041 | $221,170 | $486,539 | $365,000 | 2 | $365,000 | $92,502 | $401,381 |
| 2024 | $8,510,146 | $439,756 | $465,753 | $350,000 | 3 | $350,000 | $323,231 | $368,634 |
| 2023 | $8,139,138 | $289,074 | $487,922 | $352,954 | 3 | $352,954 | $84,249 | $361,539 |
| 2022 | $7,845,464 | $311,917 | $207,861 | $72,032 | 1 | $72,032 | $175,871 | $406,526 |
| 2021 | $9,305,745 | $453,498 | $278,066 | $50,000 | Total only | — | $444,623 | — |
| 2020 | $7,705,370 | $769,647 | $311,720 | — | — | — | $760,772 | — |
| 2019 | $7,493,003 | $390,780 | $280,112 | — | — | — | $377,405 | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Under IRS private-foundation payout rules, Lees College Inc reported a distributable amount of $401K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lees College Inc is led by Charles Herald, Chairman since 2023 (on filings since 2020); none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
Charles Herald
Chairman
Chairman & Trustee → President, 2022
President → Chairman, 2023
On filings since 2020
No compensation reported
Harold Holbrook
Trustee
Secretary → Trustee, 2024
On filings since 2019
No compensation reported
J. Hagan Codell
Trustee
On filings since 2019
No compensation reported
Judge Sara Walter Combs
Trustee
On filings since 2019
No compensation reported
Pj Sheffell
Trustee
On filings since 2020
No compensation reported
John H. Codell Jr.
Trustee
On filings since 2024
No compensation reported
Lea Eiserman
Trustee
On filings since 2024
No compensation reported
Steven Bowling
Trustee
On filings since 2024
No compensation reported
Tori Howard
Trustee
New on the 2025 filing
No compensation reported
Wayne Sizemore
Trustee
New on the 2025 filing
No compensation reported
Marcia Wireman
Secretary
On filings since 2024
No compensation reported
Former officers (5)
- Former: Charles M. Derrickson (2019–2024) — Trustee
- Former: Martin Douthitt (2020–2024) — Trustee
- Former: Darrell A. Herald (2020–2021) — Trustee
- Former: Harold Mullis (2020–2021) — Trustee
- Former: Hilliard H. Smith III (2019–2020) — Chairman
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 Lees College Inc
How much does Lees College Inc give each year?
Lees College Inc gave $365K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $350K across 3 grants.
How large is Lees College Inc?
Lees College Inc reported $9.3M in total assets on its 2025 IRS Form 990-PF. It paid out $365K in qualifying distributions that year, against a required minimum of $401K (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 Lees College Inc?
Lees College Inc is a private foundation focused on Education, based in Jackson, KY. It holds $9.3M in total assets as of 2025.
Where does Lees College Inc operate?
Lees College Inc has awarded grants in Kentucky.
What is Lees College Inc's EIN?
Lees College Inc's EIN (Employer Identification Number) is 61-0447250. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 1, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 3, 2026)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 28, 2022)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Lees College Inc funds
Education Open opportunities, soonest deadline first.
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