Mason - Lee Trust
Mason - Lee Trust is a private foundation, based in Eagan, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $335K in total assets. In 2025, it awarded 6 grants totaling $16K. Net investment income was $22K.
Mason - Lee Trust at a glance
In short: Mason - Lee Trust gave $16K across 6 grants in 2025 (avg $3K), mostly in Oregon. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,600
- +254.5% vs 2024
- Grants made (2025)
- 6
- -33.3% vs 2024
- Average grant
- $2,600
- +431.8% vs 2024
- Median grant
- $2,730
- Total assets
- $335,243
- +1.6% vs 2024
- Primary geography
- Oregon (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 Mason - Lee Trust funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Community Vision ($3K). Together the top 6 received $16K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 55 grants of 55 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Mason - Lee Trust gives
- Giving fell 32% from 2022 to 2025. Method
- In 2025 it paid out 93% 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 2020 to 2025, annual grant giving ranged from $4K (2024) to $23K (2022). In 2025 it made 6 grants totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Vision Portland, OR | General Operating | $3,120 |
| Osc PEO Sisterhood Charitable Trust Portland, OR | General Operating | $3,120 |
| Cityteam Ministries Portland, OR | General Operating | $3,120 |
| New Avenues for Youth Portland, OR | General Operating | $2,340 |
| Outside IN Portland, OR | General Operating | $2,340 |
| Thrive Hood River Hood River, OR | General Operating | $1,560 |
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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 | $335,243 | $25,159 | $19,641 | $15,600 | 6 | $16,683 | $22,336 | $17,985 |
| 2024 | $329,840 | $28,511 | $5,563 | $4,400 | 9 | $5,201 | $28,370 | $17,082 |
| 2023 | $306,968 | $15,004 | $22,789 | $21,878 | 14 | $22,679 | $14,393 | $19,759 |
| 2022 | $311,476 | $9,948 | $30,369 | $22,788 | 13 | $29,675 | $9,776 | $20,471 |
| 2021 | $327,872 | $27,489 | $19,264 | $18,220 | 13 | $19,022 | $27,326 | $19,067 |
| 2020 | $319,663 | $12,979 | $18,510 | $16,885 | 14 | — | $12,760 | $18,087 |
Under IRS private-foundation payout rules, Mason - Lee Trust reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mason - Lee Trust's only listed officer is US Bank N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2020
1 hr/week
$2K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to US Bank N a (Trustee).
Frequently asked questions about Mason - Lee Trust
How much does Mason - Lee Trust give each year?
Mason - Lee Trust gave $16K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 9 grants.
What is Mason - Lee Trust's typical grant size?
Mason - Lee Trust's median grant in 2025 was $2,730, and its average grant was $2,600, across 6 grants on its 2025 IRS Form 990-PF.
Where does Mason - Lee Trust give grants?
Mason - Lee Trust gives mostly in Oregon: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Portland, OR (5 grants).
Does Mason - Lee Trust give general operating support?
Yes: 100% of Mason - Lee Trust's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Mason - Lee Trust's largest grantees?
Mason - Lee Trust's largest 2025 grantees include Community Vision ($3,120), Osc PEO Sisterhood Charitable Trust ($3,120) and Cityteam Ministries ($3,120), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is Mason - Lee Trust?
Mason - Lee Trust reported $335K in total assets on its 2025 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $18K (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 Mason - Lee Trust's EIN?
Mason - Lee Trust's EIN (Employer Identification Number) is 93-6051551. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
Explore Open Grants
Browse active grant opportunities in Mason - Lee Trust's focus areas in our free grants database
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