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.
Key facts about Matthew D and Katherine H Lee Foundation
- EIN
- 26-2934869
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $120,000
- Grants made (2024)
- 8
- Average grant
- $15,000
- Median grant
- $15,000
- Total assets
- $1,526,728
- Primary geography
- Maryland (33% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Matthew D and Katherine H Lee Foundation funds
By grant dollars, the top recipient states for Matthew D and Katherine H Lee Foundation's 8 itemized 2024 grants were Maryland (33%), North Carolina (21%) and New York (17%). The most frequent recipient cities were Potomac, MD (2 grants). 50% of grants with a stated purpose were for general or operating support.
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.
Next steps with Matthew D and Katherine H Lee Foundation
- How to evaluate Matthew D and Katherine H Lee Foundation as a funder
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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
Share of all 8 itemized 2024 grant dollars.
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 |
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 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 recipients 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 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.