Terry Lee Foundation
Terry Lee Foundation is a private foundation, 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.
Terry Lee Foundation at a glance
In short: Terry Lee Foundation gave $6K across 2 grants in 2023 (avg $3K), mostly in Indiana. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $5,500
- -35.1% vs 2022
- Grants made (2023)
- 2
- -50.0% vs 2022
- Average grant
- $2,750
- +29.9% vs 2022
- Median grant
- $2,750
- Total assets
- $313,135
- +30.0% vs 2022
- Primary geography
- Indiana (91% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Terry Lee Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
The largest 2023 recipient was Northview Church ($5K). Together the top 2 received $6K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 2 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $6K (2023) to $10K (2021). In 2023 it made 2 grants totaling $6K.
Grants by year
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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $313,135 | $459,585 | $21,855 | $5,500 | 2 | $15,150 | $10,628 | $17,616 |
| 2022 | $240,927 | $220,632 | $9,812 | $8,470 | 4 | $8,995 | $2,121 | $6,776 |
| 2021 | $91,647 | $157,545 | $9,584 | $9,500 | 6 | $9,500 | $7,548 | $3,952 |
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.
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2023
Live grants for the work Terry Lee Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Terry Lee Foundation's focus areas in our free grants database
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Terry Lee Foundation down — hundreds of funders to go?