Terry Lee Foundation
Terry Lee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Carmel, IN. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $313K in total assets. In 2023, it awarded 2 grants totaling $6K. Net investment income was $11K.
Key facts about Terry Lee Foundation
In short: Terry Lee Foundation gave $6K across 2 grants in 2023 (avg $3K), mostly in Indiana. Source: 2023 IRS Form 990-PF.
- EIN
- 85-3793750
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $5,500
- Grants made (2023)
- 2
- Average grant
- $2,750
- Median grant
- $2,750
- Total assets
- $313,135
- Primary geography
- Indiana (91% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$313K
+30.0% YoY
Annual Giving
$6K
-35.1% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$3K
+29.9% YoY
Under IRS private-foundation payout rules, Terry Lee Foundation reported a distributable amount of $18K for 2023 — the minimum it must pay out in qualifying distributions.
How Terry Lee Foundation gives
- In 2023 it paid out 86% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2023 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHVIEW CHURCH Indianapolis, IN | GENERAL FUND | $5,000 |
| LIFESONG FOR ORPHANS INC Gridley, IL | GENERAL FUND | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $313,135 | $240,927 | $91,647 |
| Revenue | $459,585 | $220,632 | $157,545 |
| Expenses | $21,855 | $9,812 | $9,584 |
| Qualifying Distributions | $15,150 | $8,995 | $9,500 |
| Net Investment Income | $10,628 | $2,121 | $7,548 |
| Distributable Amount | $17,616 | $6,776 | $3,952 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2023
Leadership & Key People
Officers and directors from IRS filings
Terry Lee Foundation is led by Terry Lee, Chairman on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2023 filing
Terry Lee
Chairman
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2023. "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 Terry Lee Foundation
How much does Terry Lee Foundation give each year?
Terry Lee Foundation gave $6K across 2 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $8K across 4 grants.
How large is Terry Lee Foundation?
Terry Lee Foundation reported $313K in total assets on its 2023 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets).
What is Terry Lee Foundation?
Terry Lee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Carmel, IN. It holds $313K in total assets as of 2023.
Where does Terry Lee Foundation operate?
Terry Lee Foundation has awarded grants in Illinois, Indiana, Pennsylvania.
What is Terry Lee Foundation's EIN?
Terry Lee Foundation's EIN (Employer Identification Number) is 85-3793750. IRS Form 990 filing data is available on this page for 2021–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Terry Lee Foundation by hand.
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