The Joe and Patty Foundation
The Joe and Patty Foundation is a private foundation, based in Iowa City, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $879K in total assets. In 2025, it awarded 3 grants totaling $63K. Net investment income was $74K.
The Joe and Patty Foundation at a glance
In short: The Joe and Patty Foundation gave $63K across 3 grants in 2025 (avg $21K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $63,000
- +21.2% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $21,000
- -19.2% vs 2024
- Median grant
- $4,000
- Total assets
- $878,881
- +0.8% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Joe and Patty Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Domestic Violence Intervention Program ($55K). Together the top 2 received $63K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 14 grants of 15 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Joe and Patty Foundation gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 98% 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 2019 to 2025, annual grant giving ranged from $52K (2024) to $70K (2022). In 2025 it made 3 grants totaling $63K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Domestic Violence Intervention Program Iowa City, IA | Support for a New Facility | $55,000 |
| University of Iowa Center for Advancement Iowa City, IA | Endowed Scholarship | $4,000 |
| University of Iowa Center for Advancement Iowa City, IA | Lee Lab's Entrepreneurial Fund Support | $4,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $878,881 | $85,674 | $77,141 | $63,000 | 3 | $65,352 | $73,723 | $66,968 |
| 2024 | $872,007 | $58,935 | $66,493 | $52,000 | 2 | $54,440 | $46,144 | $64,835 |
| 2023 | $880,650 | $-9,840 | $82,035 | $63,650 | 2 | $65,750 | $19,120 | $60,308 |
| 2022 | $973,750 | $225,189 | $84,076 | $70,000 | 4 | $72,110 | $212,992 | $65,884 |
| 2021 | $827,637 | $183,792 | $85,398 | $63,000 | 4 | $64,838 | $163,390 | $70,291 |
| 2020 | $729,243 | $15,037 | $71,366 | $52,100 | 3 | — | $8,871 | $59,937 |
| 2019 | $785,583 | $59,412 | $80,424 | $61,000 | 4 | — | $41,946 | $59,771 |
Under IRS private-foundation payout rules, The Joe and Patty Foundation reported a distributable amount of $67K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Joe and Patty Foundation is led by Patricia Lee, President & Treasurer on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Patricia Lee
President & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Connor Lee
Director
On filings since 2019
1 hr/week
No compensation reported
Mackenzie Lee Jacobson
Director
On filings since 2019
1 hr/week
No compensation reported
Mason Lee
Director
On filings since 2019
1 hr/week
No compensation reported
Joseph D. Lee
Vice President & Secretary
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 The Joe and Patty Foundation
How much does The Joe and Patty Foundation give each year?
The Joe and Patty Foundation gave $63K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $52K across 2 grants.
What is The Joe and Patty Foundation's typical grant size?
The Joe and Patty Foundation's median grant in 2025 was $4,000, and its average grant was $21,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Joe and Patty Foundation give grants?
The Joe and Patty Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Iowa City, IA (3 grants).
Does The Joe and Patty Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Joe and Patty Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is The Joe and Patty Foundation?
The Joe and Patty Foundation reported $879K in total assets on its 2025 IRS Form 990-PF. It paid out $65K in qualifying distributions that year, against a required minimum of $67K (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 is The Joe and Patty Foundation's EIN?
The Joe and Patty Foundation's EIN (Employer Identification Number) is 47-5527477. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- IRS filings on file for fiscal years 2020–2024
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