Lees College Inc

JACKSON, KY EIN: 61-0447250

Lees College Inc is a private foundation focused on Education, based in JACKSON, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.5M in total assets. In 2024, it awarded 3 grants totaling $350K. Net investment income was $323K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.5M

+4.6% YoY

Annual Giving

$350K

-0.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$117K

-0.8% YoY

Under IRS private-foundation payout rules, Lees College Inc reported a distributable amount of $369K for 2024 — the minimum it must pay out in qualifying distributions.

About Lees College Inc

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $775K (100%)

States

Kentucky

Cities

Hazard

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,510,146	$8,139,138	$7,845,464
Revenue	$439,756	$289,074	$311,917
Expenses	$465,753	$487,922	$207,861
Qualifying Distributions	$350,000	$352,954	$72,032
Net Investment Income	$323,231	$84,249	$175,871
Distributable Amount	$368,634	$361,539	$406,526

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hazard Community and Technical Coll ($217,858), Hazard Community and Technical Coll ($82,142), Hazard Community and Technical Coll ($50,000).

Recipient	Purpose	Amount
HAZARD COMMUNITY AND TECHNICAL COLL HAZARD, KY	PROVIDE FUNDING FOR THE INFLUENCERS EVENTS	$50,000
HAZARD COMMUNITY AND TECHNICAL COLL HAZARD, KY	FUNDING FOR GENERAL NEEDS OF HAZARD COMMUNITY AND TECHNICAL COLLEGE	$217,858
HAZARD COMMUNITY AND TECHNICAL COLL HAZARD, KY	PROVIDE FUNDING FOR SCHOLARSHIPS	$82,142

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHARLES M DERRICKSON	Trustee	—	—
STEVEN BOWLING	Trustee	—	—
MR HAROLD HOLBROOK	Trustee	—	—
JOHN H CODELL JR	Trustee	—	—
MARTIN DOUTHITT	Trustee	—	—
MR PJ SHEFFELL	Trustee	—	—
MR CHARLES HERALD	Chairman	—	—
LEA EISERMAN	Trustee	—	—
MR J HAGAN CODELL	TRUSTEE	—	—
JUDGE SARA WALTER COMBS	TRUSTEE	—	—
MARCIA WIREMAN	Secretary	—	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Lees College Inc?

Lees College Inc is a private foundation focused on Education, based in JACKSON, KY. It holds $8.5M in total assets as of 2024.

How large is Lees College Inc?

As of 2024, Lees College Inc holds $8.5M in total assets with $440K in annual revenue. It awarded 3 grants totaling $350K in 2024.

Where does Lees College Inc operate?

Lees College Inc has awarded grants in Kentucky.

What size grants does Lees College Inc award?

In 2024, Lees College Inc awarded 3 grants totaling $350K — an average of about $117K per grant, based on its IRS Form 990 filings.

How much is Lees College Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lees College Inc reported a distributable amount of $369K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.