Peter and Judy Leone Foundation
Peter and Judy Leone Foundation is a private foundation, based in Philadelphia, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.2M in total assets. In 2025, it awarded 6 grants totaling $390K. Net investment income was $520K.
Peter and Judy Leone Foundation at a glance
In short: Peter and Judy Leone Foundation gave $390K across 6 grants in 2025 (avg $65K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $390,000
- -46.9% vs 2024
- Grants made (2025)
- 6
- +50.0% vs 2024
- Average grant
- $65,000
- -64.6% vs 2024
- Median grant
- $25,000
- Total assets
- $4,240,052
- +3.2% vs 2024
- Primary geography
- Pennsylvania (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 Peter and Judy Leone Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Opera Philadelphia ($250K). Together the top 6 received $390K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 10 grants of 18 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Peter and Judy Leone Foundation gives
- Giving grew 200% from 2022 to 2025. Method
- In 2025 it paid out 134% of its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $70K (2021) to $735K (2024). In 2025 it made 6 grants totaling $390K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Opera Philadelphia Philadelphia, PA | Support of the Arts | $250,000 |
| Community Legal Services of Philadelphia Philadelphia, PA | Support of Legal Services for Low Income Philadelphians | $60,000 |
| Temple University Beasley School of Law - Joanne a Epps Memorial Fund Philadelphia, PA | Support for legal students who exemplify the values of president epps | $25,000 |
| Pennsylvania Innocence Project Philadelphia, PA | Support for legal and reentry services for wrongfully-convicted pennsylvanians | $25,000 |
| Macguffin Theatre and Film Company Philadelphia, PA | Support of the Arts | $20,000 |
| Philabundance Philadelphia, PA | Support for food bank serving philadelphia and Delaware valley regions | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,240,052 | $562,438 | $432,638 | $390,000 | 6 | $390,000 | $519,800 | $291,715 |
| 2024 | $4,109,523 | $492,511 | $764,741 | $735,000 | 4 | $735,000 | $467,127 | $290,685 |
| 2023 | $4,380,095 | $179,247 | $308,747 | $280,000 | 4 | $280,000 | $150,500 | $286,064 |
| 2022 | $4,511,767 | $211,019 | $164,406 | $130,000 | 2 | $130,000 | $112,500 | $11,698 |
| 2021 | $4,465,879 | $378,505 | $97,719 | $70,000 | 2 | $70,000 | $300,055 | $289,961 |
| 2020 | $4,182,425 | $332,801 | $615,403 | $590,000 | 3 | — | $100,768 | $9,787 |
| 2019 | $4,427,873 | $221,909 | $128,349 | $95,000 | 2 | — | $197,011 | $248,873 |
Under IRS private-foundation payout rules, Peter and Judy Leone Foundation reported a distributable amount of $292K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Peter and Judy Leone Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Judy L. Leone
Trustee
On filings since 2019
1 hr/week
No compensation reported
Peter G. Leone
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Peter and Judy Leone Foundation
How much does Peter and Judy Leone Foundation give each year?
Peter and Judy Leone Foundation gave $390K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $735K across 4 grants.
What is Peter and Judy Leone Foundation's typical grant size?
Peter and Judy Leone Foundation's median grant in 2025 was $25,000, and its average grant was $65,000, across 6 grants on its 2025 IRS Form 990-PF.
Where does Peter and Judy Leone Foundation give grants?
Peter and Judy Leone Foundation gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Philadelphia, PA (6 grants).
Does Peter and Judy Leone Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Peter and Judy Leone Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Peter and Judy Leone Foundation's largest grantees?
Peter and Judy Leone Foundation's largest 2025 grantees include Opera Philadelphia ($250,000), Community Legal Services of Philadelphia ($60,000) and Temple University Beasley School of Law - Joanne a Epps Memorial Fund ($25,000), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.
How large is Peter and Judy Leone Foundation?
Peter and Judy Leone Foundation reported $4.2M in total assets on its 2025 IRS Form 990-PF. It paid out $390K in qualifying distributions that year, against a required minimum of $292K (roughly 5% of its investment assets).
What is Peter and Judy Leone Foundation's EIN?
Peter and Judy Leone Foundation's EIN (Employer Identification Number) is 46-1588133. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
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