Matthew D and Katherine H Lee Foundation
Matthew D and Katherine H Lee Foundation is a private foundation, 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.
Matthew D and Katherine H Lee Foundation at a glance
In short: Matthew D and Katherine H Lee Foundation gave $120K across 8 grants in 2024 (avg $15K), top state Maryland. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $120,000
- -73.7% vs 2023
- Grants made (2024)
- 8
- -46.7% vs 2023
- Average grant
- $15,000
- -50.8% vs 2023
- Median grant
- $15,000
- Total assets
- $1,526,728
- -6.2% vs 2023
- Primary geography
- Maryland (33% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Matthew D and Katherine H Lee Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Anglo-American Charitable Foundation Ltd ($25K). Together the top 8 received $120K.
Grant Size Distribution
68 grants across all recorded years
The most common grant size was under $50K: 60 grants of 68 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
How Matthew D and Katherine H Lee Foundation gives
- Giving fell 67% from 2021 to 2024. Method
- In 2024 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-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $120K (2024) to $569K (2022). In 2024 it made 8 grants totaling $120K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Anglo-American Charitable Foundation Ltd Smithfield, NC | St. Paul's Girls' School | $25,000 |
| Korea Society New York, NY | Charitable Event | $20,000 |
| 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 |
| Archbishop's Charities and Development Drive Miami Shores, FL | General & Unrestricted | $10,000 |
| Korean Community Service Center of Greater Washing Annandale, VA | General & Unrestricted | $10,000 |
| Sovereign Military Order of Malta Federal Associat Washington, DC | Annual Stewardship fund | $10,000 |
| Holy Cross Hospital Inc Ft Lauderdale, FL | General & Unrestricted | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,526,728 | $61,072 | $162,127 | $120,000 | 8 | $130,244 | $156,792 | $142,428 |
| 2023 | $1,627,783 | $348,080 | $496,500 | $457,000 | 15 | $464,828 | $317,564 | $127,023 |
| 2022 | $1,776,203 | $-11,509 | $613,541 | $569,000 | 17 | $576,675 | — | $161,661 |
| 2021 | $2,401,253 | $92,941 | $407,153 | $359,000 | 18 | $366,525 | $54,513 | $198,916 |
| 2020 | $2,715,465 | $1,136,320 | $255,368 | $221,000 | 10 | — | $420,144 | $127,031 |
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.
Leadership & Key People
Officers and directors from IRS filings
Matthew D and Katherine H Lee Foundation is led by Matthew D Lee, President, Director & Secretary on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Matthew D Lee
President, Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Sophie Lee
Director & President
Director → Director & President, 2024
On filings since 2023
1 hr/week
No compensation reported
Patricia Lee
Director & Secretary
Director → Director & Secretary, 2024
On filings since 2023
1 hr/week
No compensation reported
Katherine Lee
Director
New on the 2024 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Matthew D and Katherine H Lee Foundation
How much does Matthew D and Katherine H Lee Foundation give each year?
Matthew D and Katherine H Lee Foundation gave $120K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $457K across 15 grants.
What is Matthew D and Katherine H Lee Foundation's typical grant size?
Matthew D and Katherine H Lee Foundation's median grant in 2024 was $15,000, and its average grant was $15,000, across 8 grants on its 2024 IRS Form 990-PF.
Where does Matthew D and Katherine H Lee Foundation give grants?
Matthew D and Katherine H Lee Foundation's top state is Maryland, with 33% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were North Carolina (21%) and New York (17%). The most frequent recipient cities were Potomac, MD (2 grants).
Does Matthew D and Katherine H Lee Foundation give general operating support?
Yes: 50% of Matthew D and Katherine H Lee Foundation's 2024 grants with a stated purpose (4 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Matthew D and Katherine H Lee Foundation's largest grantees?
Matthew D and Katherine H Lee Foundation's largest 2024 grantees include Anglo-American Charitable Foundation Ltd ($25,000), Korea Society ($20,000) and Little Sisters of Holy Family Inc ($20,000), according to its 2024 IRS Form 990-PF. Together they received 54% of its itemized 2024 grant dollars.
How large is Matthew D and Katherine H Lee Foundation?
Matthew D and Katherine H Lee Foundation reported $1.5M in total assets on its 2024 IRS Form 990-PF. It paid out $130K in qualifying distributions that year, against a required minimum of $142K (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 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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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