The Lazy L Foundation
The Lazy L Foundation is a private foundation, based in Pasadena, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $8.6M in total assets. In 2025, it awarded 1 grant totaling $1.6M. Net investment income was $978K.
The Lazy L Foundation at a glance
In short: The Lazy L Foundation gave $1.6M across 1 grant in 2025 (avg $1.6M), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,560,000
- +116.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $1,560,000
- +116.0% vs 2024
- Median grant
- $1,560,000
- Total assets
- $8,649,121
- +24.6% vs 2024
- Primary geography
- New York (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 Lazy L Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Lazy L Foundation gives
- Giving grew 21% from 2022 to 2025. Method
- In 2025 it paid out 129% of its IRS minimum distribution (the 5% rule). 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 $478K (2023) to $1.6M (2025). In 2025 it made 1 grant totaling $1.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Schedule Attached Jericho, NY | General | $1,560,000 |
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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 | $8,649,121 | $1,046,833 | $1,628,776 | $1,560,000 | 1 | $1,628,776 | $978,057 | $1,262,636 |
| 2024 | $6,943,131 | $730,143 | $796,536 | $722,200 | 1 | $796,536 | $655,807 | $1,072,756 |
| 2023 | $6,981,417 | $1,742,653 | $550,928 | $478,275 | 1 | $550,928 | $1,420,000 | $803,332 |
| 2022 | $6,684,700 | $1,168,805 | $1,420,136 | $1,287,604 | 1 | $1,420,136 | $1,036,273 | $870,459 |
| 2021 | $7,046,567 | $4,501,464 | $632,030 | $600,000 | 1 | $632,030 | $3,393,418 | $1,002,104 |
| 2020 | $3,599,910 | $173,881 | $577,737 | $547,500 | 1 | — | $143,644 | $835,161 |
| 2019 | $3,557,814 | $919,223 | $493,293 | $485,000 | 27 | — | $910,930 | $595,988 |
Under IRS private-foundation payout rules, The Lazy L Foundation reported a distributable amount of $1.3M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Lazy L Foundation's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Catherine Leech
Director
On filings since 2020
$7K (2020) → $29K (2025)
Eileen S. Leech
Trustee
On filings since 2019
No compensation reported
Former officers (2)
- Former: S. Kenneth Leech (2019–2023) — Trustee
- Former: Stephen Leech (2020–2023) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $29K, to Catherine Leech (Director).
Frequently asked questions about The Lazy L Foundation
How much does The Lazy L Foundation give each year?
The Lazy L Foundation gave $1.6M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $722K across 1 grant.
How large is The Lazy L Foundation?
The Lazy L Foundation reported $8.6M in total assets on its 2025 IRS Form 990-PF. It paid out $1.6M in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets).
Where does The Lazy L Foundation operate?
The Lazy L Foundation has awarded grants in California, New York.
What is The Lazy L Foundation's EIN?
The Lazy L Foundation's EIN (Employer Identification Number) is 26-6157542. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
Live grants for the work The Lazy L 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 The Lazy L Foundation's focus areas in our free grants database
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Figures come from The Lazy L Foundation'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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