Terry Lee Foundation

Foundation · Grantmaker Carmel, IN EIN: 85-3793750

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

3states

Share of all 2 itemized 2023 grant dollars.

Cities

IndianapolisCarmelGridleyWynnewood

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K6 grants20214 grants20222 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2023

Northview Church: $5KNorthview Church$5KLifesong for Orphans Inc: $500Lifesong for Orphans Inc$500

Grant Size Distribution

12 grants across all recorded years

12<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
NORTHVIEW CHURCH Indianapolis, INGENERAL FUND$5,000
LIFESONG FOR ORPHANS INC Gridley, ILGENERAL FUND$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K202120222023
Metric202320222021
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

  1. 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.

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