The Dr M Lee Pearce Foundation Inc
The Dr M Lee Pearce Foundation Inc is a private foundation based in Miami Beach, Florida. Its 2024 filing lists grants to organizations for medical research, opera and music programming, scholarships, and other purposes.
The Dr M Lee Pearce Foundation Inc at a glance
In short: The Dr M Lee Pearce Foundation Inc gave $5.1M across 13 grants in 2024 (avg $389K), top state New York. 38% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,057,350
- +232.6% vs 2023
- Grants made (2024)
- 13
- +62.5% vs 2023
- Average grant
- $389,027
- +104.7% vs 2023
- Median grant
- $300,000
- Total assets
- $174,304,900
- +372.7% vs 2023
- New grantees (estimate)
- 38% first-time grantees (5 of 13, 2024; small sample)
- Primary geography
- New York (28% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Dr M Lee Pearce Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. It states that contributions go only to preselected charitable organizations.
- Contact
Mailing address: 777 Arthur Godfrey Road Ste 400, Miami Beach, FL 33140
Phone: (305) 861-7701
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Dr M Lee Pearce Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Harvard Medical School ($999K). Together the top 10 received $4.6M.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was in the $100–250K range: 17 grants of 42 (40%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were distributed among recipients in several states. New York received 28%, Massachusetts 20%, Florida 16%, Minnesota 12%, and Illinois 6%.
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
Cities
Is The Dr M Lee Pearce Foundation Inc open to new grantees?
38%
first-time grantees, 2024
In 2024, 5 of 13 grantees (38%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $341K; repeat grants $419K. How we count
Medians: $300K first-time, $350K repeat.
- 54% of 2024 grantees were also funded in 2023. Method
- Giving grew 654% from 2021 to 2024. Method
- In 2024 it paid out 132% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $611K (2020) to $5.1M (2024). In 2024 it made 13 grants totaling $5.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Harvard Medical School Boston, MA | Medical Research | $999,350 |
| Mayo Clinic Rochester, MN | Medical Research | $600,000 |
| Opera America New York, NY | General Support | $500,000 |
| The Metropolitan Opera Association New York, NY | General Support | $500,000 |
| The Feinstein Institutes for Medical Research Manhasset, NY | Quality of Human Life Survey Program | $425,000 |
| New World Symphony Miami Beach, FL | Wallcast Concert Series | $400,000 |
| Northwestern University Evanston, IL | Scholarship Support | $300,000 |
| The Cleveland Orchestra Cleveland, OH | Florida Residency | $300,000 |
| The Sphinx Organization Detroit, MI | General Support | $300,000 |
| The Washington National Opera Washington, DC | Program Support | $300,000 |
Ready to take the next step with The Dr M Lee Pearce Foundation Inc?
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 | $174,304,900 | $138,251,674 | $6,077,577 | $5,057,350 | 13 | $5,623,124 | $4,657,799 | $4,272,596 |
| 2023 | $36,872,446 | $1,445,281 | $2,178,879 | $1,520,750 | 8 | $1,904,242 | $1,151,351 | $1,858,464 |
| 2022 | $37,140,879 | $20,702,755 | $1,274,876 | $715,000 | 5 | $1,027,627 | $468,231 | $1,592,171 |
| 2021 | $17,719,284 | $764,277 | $1,245,681 | $670,500 | 9 | $1,013,104 | $531,700 | $1,036,187 |
| 2020 | $18,162,787 | $15,514 | $1,122,860 | $610,500 | 7 | — | — | $934,458 |
Under IRS private-foundation payout rules, The Dr M Lee Pearce Foundation Inc reported a distributable amount of $4.3M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The available grant records show support for medical research and arts and music organizations, alongside scholarship support. In 2024, grant purposes included medical research, general support, a concert series, a Florida residency, and program support.
Opera America describes its mission as promoting the growth of opera, developing operatic talent, and assisting professional opera companies. Northwestern University describes its commitments as excellent teaching, innovative research, and students’ personal and intellectual growth in a diverse academic community. These are the grantees’ stated missions.
Grantmaking
In 2024, the foundation reported 13 grants totaling $5,057,350. Grant amounts ranged from $5,000 to $999,350, with a median grant of $300,000. In 2023, it reported eight grants totaling $1,520,750.
Among its largest 2024 grants were $999,350 to Harvard Medical School for medical research; $600,000 to Mayo Clinic for medical research; $500,000 each to Opera America and The Metropolitan Opera Association for general support; and $425,000 to The Feinstein Institutes for Medical Research for its Quality of Human Life Survey Program. Other listed awards included $400,000 to New World Symphony for its Wallcast Concert Series and $300,000 each to Northwestern University for scholarship support, The Cleveland Orchestra for a Florida residency, The Sphinx Organization for general support, The Washington National Opera for program support, and the University of Miami Miller School of Medicine for medical research.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Michael A Carpenter as chair, president, and director; Robert Potts as vice president and director; and Jeffrey W Bolton as treasurer and director. It also lists Patricia E Hopkins as secretary, Scott A Kent as assistant treasurer, and Susan Feder, Yulieth Franco, Joseph B Martin, Tatjana Rundek MD PhD, and Marc Scorca as directors.
The Dr M Lee Pearce Foundation Inc is led by Michael A. Carpenter, Chair, President & Director since 2023 (on filings since 2020); all 11 officers listed in 2024 are compensated.
Officers on the 2024 filing
Michael A. Carpenter
Chair, President & Director
Executive Vice President & Director → Chair, President & Director, 2023
On filings since 2020
5 hrs/week
$8K (2020) → $22K (2024)
Jeffrey W. Bolton
Treasurer & Director
Director → Treasurer & Director, 2024
On filings since 2020
3 hrs/week
$9K (2022) → $13K (2024)
Robert Potts
Vice President & Director
On filings since 2020
3 hrs/week
$13K (2020) → $14K (2024)
Tatjana Rundek MD PhD
Director
On filings since 2020
2 hrs/week
$8K (2020) → $9K (2024)
Yulieth Franco
Director
On filings since 2020
2 hrs/week
$8K (2020) → $8K (2024)
Andre Terzic MD PhD
Director
New on the 2024 filing
2 hrs/week
$8K (2024)
Marc Scorca
Director
New on the 2024 filing
2 hrs/week
$8K (2024)
Mark Volpe
Director
New on the 2024 filing
2 hrs/week
$8K (2024)
Susan Feder
Director
New on the 2024 filing
2 hrs/week
$8K (2024)
Patricia E. Hopkins
Secretary
Assistant Secretary → Secretary, 2024
On filings since 2020
1 hr/week
$3K (2020) → $3K (2024)
Scott A. Kent
Assistant Treasurer
Assistant Treasurer → Member, 2023
Member → Assistant Treasurer, 2024
On filings since 2020
1 hr/week
$3K (2020) → $3K (2024)
Former officers (5)
- Former: Joseph B. Martin (2020–2024) — Director · Filing note: Until nov 2020
- Former: Charles Douglas (2020–2023) — Chair, President & Director Til
- Former: Richard Inglis (2020–2023) — Secretary & Treasurer Til
- Former: Valery Gergiev (2020–2021) — Director
- Former: Oleg De Lousanoff (2020) — Senior Vice President & Director
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 $22K, to Michael a Carpenter (Chair, Pres. & Director). 12 officers or directors reported compensation on that filing.
Frequently asked questions about The Dr M Lee Pearce Foundation Inc
How much does The Dr M Lee Pearce Foundation Inc give each year?
The Dr M Lee Pearce Foundation Inc gave $5.1M across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.5M across 8 grants.
What is The Dr M Lee Pearce Foundation Inc's typical grant size?
The Dr M Lee Pearce Foundation Inc's median grant in 2024 was $300,000, and its average grant was $389,027, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Dr M Lee Pearce Foundation Inc that year got $341K on average.
Where does The Dr M Lee Pearce Foundation Inc give grants?
The Dr M Lee Pearce Foundation Inc's top state is New York, with 28% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Massachusetts (20%) and Florida (16%). The most frequent recipient cities were New York, NY (2 grants) and Miami Beach, FL (2 grants).
Does The Dr M Lee Pearce Foundation Inc give general operating support?
Yes: 38% of The Dr M Lee Pearce Foundation Inc's 2024 grants with a stated purpose (5 of 13) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Medical Research" (3 grants).
Who are The Dr M Lee Pearce Foundation Inc's largest grantees?
The Dr M Lee Pearce Foundation Inc's largest 2024 grantees include Harvard Medical School ($999,350), Mayo Clinic ($600,000) and Opera America ($500,000), according to its 2024 IRS Form 990-PF. Together they received 42% of its itemized 2024 grant dollars.
How large is The Dr M Lee Pearce Foundation Inc?
The Dr M Lee Pearce Foundation Inc reported $174.3M in total assets on its 2024 IRS Form 990-PF. It paid out $5.6M in qualifying distributions that year, against a required minimum of $4.3M (roughly 5% of its investment assets).
What does The Dr M Lee Pearce Foundation Inc fund?
The available grant records show support for medical research and arts and music organizations, alongside scholarship support. In 2024, grant purposes included medical research, general support, a concert series, a Florida residency, and program support. See mission & focus areas ↑
How do I apply for a grant from The Dr M Lee Pearce Foundation Inc?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Dr M Lee Pearce Foundation Inc's EIN?
The Dr M Lee Pearce Foundation Inc's EIN (Employer Identification Number) is 59-2424272. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Dr M Lee Pearce Foundation Inc accept unsolicited proposals?
No, 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 October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Dr M Lee Pearce Foundation Inc funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/the-dr-m-lee-pearce-foundation-inc-morg_62e9f2abd17d48be9cda84fb58faa410
BibTeX
@misc{grantable_592424272_2026,
author = {{Grantable}},
title = {{The Dr M Lee Pearce Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-dr-m-lee-pearce-foundation-inc-morg_62e9f2abd17d48be9cda84fb58faa410},
note = {Accessed 2026-10-17. 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 The Dr M Lee Pearce 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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