Richard D Lee and Vera M Lee Foundation Inc
Richard D Lee and Vera M Lee Foundation Inc is a private foundation based in Saint Petersburg, Florida. It made 22 grants totaling $117,000 in 2024, supporting charitable organizations including children’s hospitals, veteran-serving organizations, and local community groups.
Richard D Lee and Vera M Lee Foundation Inc at a glance
In short: Richard D Lee and Vera M Lee Foundation Inc gave $117K across 22 grants in 2024 (avg $5K), top state Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $117,000
- -37.4% vs 2023
- Grants made (2024)
- 22
- -4.3% vs 2023
- Average grant
- $5,318
- -34.6% vs 2023
- Median grant
- $5,000
- Total assets
- $2,996,768
- +8.4% vs 2023
- Primary geography
- Florida (47% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Richard D Lee and Vera M Lee Foundation Inc
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The filing says requests may be submitted to Gerald Sherwin. No specific format is required, but the request must state the amount and purpose. The foundation accepts unsolicited requests.
- Review Cycle
- No submission deadlines.
- Deadline
- No submission deadlines.
- Contact
Application contact: Gerald Sherwin
Mailing address: 1195 81St Street S, Saint Petersburg, FL 33707
Phone: (727) 345-4554
Email: tigre3@reagan.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Richard D Lee and Vera M Lee Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Shriners Hospitals for Children ($10K). Together the top 10 received $60K.
Grant Size Distribution
110 grants across all recorded years
The most common grant size was under $50K: 110 grants of 110 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 47% of grant dollars went to recipients in Florida. New York, Tennessee, Washington, D.C., and Maryland each received 9%. The listed grants also included recipients in other states, including Georgia and Kansas.
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
States
Cities
How Richard D Lee and Vera M Lee Foundation Inc gives
- Giving fell 61% from 2021 to 2024. Method
- In 2024 it paid out 83% 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 $117K (2024) to $315K (2022). In 2024 it made 22 grants totaling $117K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shriners Hospitals for Children Tampa, FL | Unrestricted | $10,000 |
| St Jude Childrens Hospital Memphis, TN | Unrestricted | $10,000 |
| Consumers Union of the US Yonkers, NY | Unrestricted | $5,000 |
| Tunnel 2 Towers Staten Island, NY | Unrestricted | $5,000 |
| Amvets Saint Petersburg, FL | Unrestricted | $5,000 |
| Pet Pal Animal Shelter of St Pete Saint Petersburg, FL | Unrestricted | $5,000 |
| Clothes to Kids Saint Petersburg, FL | Unrestricted | $5,000 |
| Our Savior Lutheran Church Perp Tru Saint Petersburg, FL | Unrestricted | $5,000 |
| BBB Institute Marketplace Trust Clearwater, FL | Unrestricted | $5,000 |
| Wounded Warrior Project Topeka, KS | 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 | $2,996,768 | $171,136 | $295,888 | $117,000 | 22 | $117,000 | $140,670 | $141,474 |
| 2023 | $2,763,590 | $346,645 | $342,615 | $187,000 | 23 | $187,000 | $191,030 | $136,736 |
| 2022 | $2,759,560 | $84,065 | $511,948 | $315,000 | 25 | $315,000 | — | $156,841 |
| 2021 | $3,187,443 | $454,509 | $504,707 | $296,500 | 24 | $296,500 | $246,302 | $152,403 |
| 2020 | $3,237,641 | $234,182 | $283,680 | $155,390 | 16 | — | $96,545 | $162,882 |
Under IRS private-foundation payout rules, Richard D Lee and Vera M Lee Foundation Inc reported a distributable amount of $141K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included organizations whose stated missions include improving children’s health care, supporting veterans and their families, providing clothing to children from low-income households, and addressing homelessness. For example, Shriners Children’s describes its mission as providing compassionate, high-quality, family-centered care that improves children’s lives. An individual recipient says it supports wounded, injured, and ill combat veterans and their families. Clothes to Kids describes its mission as providing clothing free of charge to low-income school-aged children.
Grantmaking
In 2024, the foundation made 22 grants totaling $117,000. Grants ranged from $2,000 to $10,000, with a median grant of $5,000. Notable grants included $10,000 to Shriners Hospitals for Children in Tampa and $10,000 to St Jude Children’s Hospital in Memphis. Other listed grants included $5,000 each to an individual recipient, Habitat for Humanity, Clothes to Kids, an individual recipient, and Metropolitan Ministries.
The foundation’s 2024 filing states that it does not restrict giving to preselected organizations. It requires no specific application format, but requests must state the amount and purpose. The filing lists no specific restrictions or limitations on awards.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Sherwin Management Corporation as foundation manager; Gerald Sherwin as president and director; Pamela Sherwin as vice president and director; and Austin Bradshaw, Kyle Bradshaw, and Melissa Bradshaw as directors.
Richard D Lee and Vera M Lee Foundation Inc is led by Gerald Sherwin, President Director since 2023 (on filings since 2020); 4 of 6 officers listed in 2024 are compensated.
Officers on the 2024 filing
Gerald Sherwin
President Director
President & Director → President Director, 2023
On filings since 2020
5 hrs/week
No compensation reported
Austin Bradshaw
Director
On filings since 2020
2 hrs/week
$10K (2020) → $10K (2024)
Kyle Bradshaw
Director
On filings since 2020
2 hrs/week
$10K (2020) → $10K (2024)
Melissa Bradshaw
Director
On filings since 2021
2 hrs/week
$10K (2021) → $10K (2024)
Sherwin Management Corporation
Foundation Manager
On filings since 2020
10 hrs/week
$84K (2020) → $84K (2024)
Pamela Sherwin
Vice President Director
Vice President & Director → Vice President Director, 2023
On filings since 2020
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $84K, to Sherwin Management Corporation (Foundation Mgr). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Richard D Lee and Vera M Lee Foundation Inc
How much does Richard D Lee and Vera M Lee Foundation Inc give each year?
Richard D Lee and Vera M Lee Foundation Inc gave $117K across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $187K across 23 grants.
What is Richard D Lee and Vera M Lee Foundation Inc's typical grant size?
Richard D Lee and Vera M Lee Foundation Inc's median grant in 2024 was $5,000, and its average grant was $5,318, across 22 grants on its 2024 IRS Form 990-PF.
Where does Richard D Lee and Vera M Lee Foundation Inc give grants?
Richard D Lee and Vera M Lee Foundation Inc's top state is Florida, with 47% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (9%) and Tennessee (9%). The most frequent recipient cities were Saint Petersburg, FL (4 grants), Tampa, FL (2 grants), Clearwater, FL (2 grants) and Washington, DC (2 grants).
Does Richard D Lee and Vera M Lee Foundation Inc give general operating support?
Yes: 100% of Richard D Lee and Vera M Lee Foundation Inc's 2024 grants with a stated purpose (22 of 22) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Richard D Lee and Vera M Lee Foundation Inc's largest grantees?
Richard D Lee and Vera M Lee Foundation Inc's largest 2024 grantees include Shriners Hospitals for Children ($10,000), St Jude Childrens Hospital ($10,000) and Consumers Union of the US ($5,000), according to its 2024 IRS Form 990-PF. Together they received 21% of its itemized 2024 grant dollars.
How large is Richard D Lee and Vera M Lee Foundation Inc?
Richard D Lee and Vera M Lee Foundation Inc reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $117K in qualifying distributions that year, against a required minimum of $141K (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 does Richard D Lee and Vera M Lee Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants included organizations whose stated missions include improving children’s health care, supporting veterans and their families, providing clothing to children from low-income households, and addressing homelessness. See mission & focus areas ↑
How do I apply for a grant from Richard D Lee and Vera M Lee Foundation Inc?
The filing says requests may be submitted to Gerald Sherwin. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Richard D Lee and Vera M Lee Foundation Inc's EIN?
Richard D Lee and Vera M Lee Foundation Inc's EIN (Employer Identification Number) is 45-2503472. IRS Form 990 filing data is available on this page for 2020–2024.
Does Richard D Lee and Vera M Lee Foundation Inc accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS December 13, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 1, 2024)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 16, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 7, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Richard D Lee and Vera M Lee Foundation Inc funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/richard-d-lee-and-vera-m-lee-foundation-inc-morg_a73e1b27cc9443ce86beb2022a500e06
BibTeX
@misc{grantable_452503472_2026,
author = {{Grantable}},
title = {{Richard D Lee and Vera M Lee Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/richard-d-lee-and-vera-m-lee-foundation-inc-morg_a73e1b27cc9443ce86beb2022a500e06},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Richard D Lee and Vera M Lee Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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