Matthew D and Katherine H Lee Foundation
Matthew D and Katherine H Lee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 8 grants totaling $120K. Net investment income was $157K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-6.2% YoY
Annual Giving
$120K
-73.7% YoY
Grant Count
8
-46.7% YoY
Avg Grant Size
$15K
-50.8% YoY
Under IRS private-foundation payout rules, Matthew D and Katherine H Lee Foundation reported a distributable amount of $142K for 2024 — the minimum it must pay out in qualifying distributions.
About Matthew D and Katherine H Lee Foundation
Based on IRS filings
Matthew D and Katherine H Lee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 8 grants totaling $120K. Net investment income was $157K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,526,728 | $1,627,783 | $1,776,203 |
| Revenue | $61,072 | $348,080 | $-11,509 |
| Expenses | $162,127 | $496,500 | $613,541 |
| Qualifying Distributions | $130,244 | $464,828 | $576,675 |
| Net Investment Income | $156,792 | $317,564 | — |
| Distributable Amount | $142,428 | $127,023 | $161,661 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
68 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Anglo-american Charitable Foundation Ltd ($25,000), Korea Society ($20,000), Little Sisters of Holy Family Inc ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANGLO-AMERICAN CHARITABLE FOUNDATION LTD SMITHFIELD, NC | St. Paul's Girls' School | $25,000 |
| ARCHBISHOP'S CHARITIES AND DEVELOPMENT DRIVE MIAMI SHORES, FL | General & Unrestricted | $10,000 |
| HOLY CROSS HOSPITAL INC FT LAUDERDALE, FL | General & Unrestricted | $5,000 |
| KOREA SOCIETY NEW YORK, NY | Charitable Event | $20,000 |
| KOREAN COMMUNITY SERVICE CENTER OF GREATER WASHING ANNANDALE, VA | General & Unrestricted | $10,000 |
| LITTLE SISTERS OF HOLY FAMILY INC POTOMAC, MD | General & Unrestricted | $20,000 |
| OUR LADY OF MERCY CHURCH & SCHOOL POTOMAC, MD | Capital Campaign for both the church and school | $20,000 |
| SOVEREIGN MILITARY ORDER OF MALTA FEDERAL ASSOCIAT WASHINGTON, DC | Annual Stewardship fund | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Katherine Lee | Dir | 1 | — |
| Matthew D Lee | Pres, Dir, Sec | 1 | — |
| Patricia Lee | Dir, Sec | 1 | — |
| Sophie Lee | Dir, Pres | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Matthew D and Katherine H Lee Foundation?
Matthew D and Katherine H Lee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.5M in total assets as of 2024.
How large is Matthew D and Katherine H Lee Foundation?
As of 2024, Matthew D and Katherine H Lee Foundation holds $1.5M in total assets with $61K in annual revenue. It awarded 8 grants totaling $120K in 2024.
Where does Matthew D and Katherine H Lee Foundation operate?
Matthew D and Katherine H Lee Foundation has awarded grants in Alabama, California, District of Columbia, Florida, Illinois, Massachusetts, Maryland, North Carolina, New York, Ohio, Virginia.
What size grants does Matthew D and Katherine H Lee Foundation award?
In 2024, Matthew D and Katherine H Lee Foundation awarded 8 grants totaling $120K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Matthew D and Katherine H Lee Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Matthew D and Katherine H Lee Foundation reported a distributable amount of $142K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Matthew D and Katherine H Lee Foundation's EIN?
Matthew D and Katherine H Lee Foundation's EIN (Employer Identification Number) is 26-2934869. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Matthew D and Katherine H Lee Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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