Peter and Judy Leone Foundation

Private foundation · Grantmaker Philadelphia, PA EIN: 46-1588133

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.

Key facts about Peter and Judy Leone Foundation

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.

EIN
46-1588133
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$390,000
Grants made (2025)
6
Average grant
$65,000
Median grant
$25,000
Total assets
$4,240,052
Primary geography
Pennsylvania (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$4.2M

+3.2% YoY

Annual Giving

$390K

-46.9% YoY

Grant Count

6

+50.0% YoY

Avg Grant Size

$65K

-64.6% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 6 itemized 2025 grant dollars.

Cities

PhiladelphiaMillville

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K2 grants20193 grants20202 grants20212 grants20224 grants20234 grants20246 grants2025

From 2019 to 2025, annual grant giving ranged from $70K (2021) to $735K (2024). In 2025 it made 6 grants totaling $390K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Opera Philadelphia: $250KOpera Philadelphia$250KCommunity Legal Services of Philadelphia: $60KCommunity Legal Services ofPhiladelphia$60KTemple University Beasley School of Law - Joanne a Epps Memorial Fund: $25KTemple University BeasleySchool of Law - Joanne a Epps…$25KPennsylvania Innocence Project: $25KPennsylvania Innocence Project$25KMacguffin Theatre and Film Company: $20KMacguffin Theatre and FilmCompany$20KPhilabundance: $10KPhilabundance$10K

The largest 2025 recipient was Opera Philadelphia ($250K). Together the top 6 received $390K.

Grant Size Distribution

18 grants across all recorded years

10<$50K3$50–100K3$100–250K1$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 18 (56%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Opera Philadelphia Philadelphia, PASupport of the Arts$250,000
Community Legal Services of Philadelphia Philadelphia, PASupport of Legal Services for Low Income Philadelphians$60,000
Temple University Beasley School of Law - Joanne a Epps Memorial Fund Philadelphia, PASupport for legal students who exemplify the values of president epps$25,000
Pennsylvania Innocence Project Philadelphia, PASupport for legal and reentry services for wrongfully-convicted pennsylvanians$25,000
Macguffin Theatre and Film Company Philadelphia, PASupport of the Arts$20,000
Philabundance Philadelphia, PASupport for food bank serving philadelphia and Delaware valley regions$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$250K$500K$750K$1M2019202020212022202320242025
Metric202520242023
Total Assets$4,240,052$4,109,523$4,380,095
Revenue$562,438$492,511$179,247
Expenses$432,638$764,741$308,747
Qualifying Distributions$390,000$735,000$280,000
Net Investment Income$519,800$467,127$150,500
Distributable Amount$291,715$290,685$286,064

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS July 9, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS June 9, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS October 6, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
  8. IRS filings on file for fiscal years 2019–2024

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.

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