THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO PROVIDE SCHOLARSHIPS TO TRADITIONAL FULL-TIME UNDERGRADUATE STUDENTS ENROLLED AT UNIVERSITIES AND COLLEGES IN ARIZONA.
Key facts about Leo Foundation
- EIN
- 20-4879525
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $166,056
- Grants made (2024)
- 3
- Average grant
- $55,352
- Median grant
- $13,007
- Total assets
- $256,839
- Primary geography
- Arizona (89% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Leo Foundation funds
By grant dollars, the top recipient states for Leo Foundation's 3 itemized 2024 grants were Arizona (89%) and North Dakota (8%). None of its 3 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support" (3 grants).
How Leo Foundation gives
- Giving grew 47% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Leo Foundation
- How to evaluate Leo Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$257K
-20.2% YoY
Annual Giving
$166K
-15.6% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$55K
+12.5% YoY
About Leo Foundation
Based on IRS filings
Leo Foundation is a nonprofit organization focused on Education, based in Phoenix, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $257K in total assets. In 2024, it awarded 3 grants totaling $166K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $256,839 | $321,805 | $437,946 |
| Revenue | $362,080 | $287,149 | $282,271 |
| Expenses | $358,921 | $437,822 | $345,655 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $8,712 | $3,238 | $4,017 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Grand Canyon University ($147,983), Minot State University ($13,007), Cerarville University ($5,066).
| Recipient | Purpose | Amount |
|---|---|---|
| GRAND CANYON UNIVERSITY Phoenix, AZ | SUPPORT | $147,983 |
| MINOT STATE UNIVERSITY Minot, ND | SUPPORT | $13,007 |
| CERARVILLE UNIVERSITY Cedarville, OH | SUPPORT | $5,066 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Madeline Winney | CEO | 40 | $84,000 |
| Michele Simphoukham | Treasurer | 5 | — |
| Jeff Lakes | President/Director | 1 | — |
| Lori Lakes | Director | 1 | — |
| Rob Kottmann | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Leo Foundation?
Leo Foundation is a nonprofit organization focused on Education, based in Phoenix, AZ. It holds $257K in total assets as of 2024.
How large is Leo Foundation?
As of 2024, Leo Foundation holds $257K in total assets with $362K in annual revenue. It awarded 3 grants totaling $166K in 2024.
Where does Leo Foundation operate?
Leo Foundation has awarded grants in Arizona, North Dakota, Ohio.
What size grants does Leo Foundation award?
In 2024, Leo Foundation awarded 3 grants totaling $166K — an average of about $55K per grant, based on its IRS Form 990 filings.
What is Leo Foundation's EIN?
Leo Foundation's EIN (Employer Identification Number) is 20-4879525. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.