The Joe and Patty Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IOWA CITY, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $872K in total assets. In 2024, it awarded 2 grants totaling $52K. Net investment income was $46K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$872K
-1.0% YoY
Annual Giving
$52K
-18.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$26K
-18.3% YoY
Under IRS private-foundation payout rules, The Joe and Patty Foundation reported a distributable amount of $65K for 2024 — the minimum it must pay out in qualifying distributions.
About The Joe and Patty Foundation
Based on IRS filings
The Joe and Patty Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IOWA CITY, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $872K in total assets. In 2024, it awarded 2 grants totaling $52K. Net investment income was $46K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $872,007 | $880,650 | $973,750 |
| Revenue | $58,935 | $-9,840 | $225,189 |
| Expenses | $66,493 | $82,035 | $84,076 |
| Qualifying Distributions | $54,440 | $65,750 | $72,110 |
| Net Investment Income | $46,144 | $19,120 | $212,992 |
| Distributable Amount | $64,835 | $60,308 | $65,884 |
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 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Domestic Violence Intervention Program ($40,000), University of Iowa Center for Advancement ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DOMESTIC VIOLENCE INTERVENTION PROGRAM IOWA CITY, IA | SUPPORT FOR A NEW FACILITY | $40,000 |
| UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT IOWA CITY, IA | ENDOWED SCHOLARSHIP | $12,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH D LEE | VICE-PRESIDENT/SECRETARY | 1 | — |
| PATRICIA LEE | PRESIDENT/TREASURER | 1 | — |
| MASON LEE | DIRECTOR | 1 | — |
| MACKENZIE LEE JACOBSON | DIRECTOR | 1 | — |
| CONNOR LEE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Joe and Patty Foundation?
The Joe and Patty Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IOWA CITY, IA. It holds $872K in total assets as of 2024.
How large is The Joe and Patty Foundation?
As of 2024, The Joe and Patty Foundation holds $872K in total assets with $59K in annual revenue. It awarded 2 grants totaling $52K in 2024.
Where does The Joe and Patty Foundation operate?
The Joe and Patty Foundation has awarded grants in Arizona, Iowa.
What size grants does The Joe and Patty Foundation award?
In 2024, The Joe and Patty Foundation awarded 2 grants totaling $52K — an average of about $26K per grant, based on its IRS Form 990 filings.
How much is The Joe and Patty Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Joe and Patty Foundation reported a distributable amount of $65K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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