The Lee and Yum Foundation
The Lee and Yum Foundation is a private foundation, based in Vestal, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 8 grants totaling $362K. Net investment income was $110K.
The Lee and Yum Foundation at a glance
In short: The Lee and Yum Foundation gave $362K across 8 grants in 2024 (avg $45K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $361,600
- -3.4% vs 2023
- Grants made (2024)
- 8
- -20.0% vs 2023
- Average grant
- $45,200
- +20.8% vs 2023
- Median grant
- $37,500
- Total assets
- $2,440,802
- -9.2% vs 2023
- Primary geography
- New York (69% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Lee and Yum Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Binghamton University ($120K). Together the top 8 received $362K.
Grant Size Distribution
63 grants across all recorded years
The most common grant size was under $50K: 49 grants of 63 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How The Lee and Yum Foundation gives
- Giving fell 21% from 2021 to 2024. Method
- In 2024 it paid out 75% 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 2020 to 2024, annual grant giving ranged from $362K (2024) to $457K (2021). In 2024 it made 8 grants totaling $362K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Binghamton University Binghamton, NY | Scholarship Assistance | $120,000 |
| Princeton University Princeton, NJ | Scholarship Assistance | $100,000 |
| UHS Foundation Binghamton, NY | Community Education | $50,000 |
| BCC Foundation Binghamton, NY | Schalarship Assistance | $40,000 |
| Lourdes Foundation Binghamton, NY | Community Education | $35,000 |
| American Legion Post 357 Hallstead, PA | Financial Assistance | $10,000 |
| Broome County Arts Council Binghamton, NY | Community Education | $6,000 |
| Manheim Township School District Lancaster, PA | Scholarship | $600 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,440,802 | $162,031 | $408,754 | $361,600 | 8 | $361,600 | $110,221 | $482,099 |
| 2023 | $2,687,525 | $318,283 | $400,010 | $374,252 | 10 | $374,502 | $315,168 | $393,634 |
| 2022 | $2,755,329 | $463,755 | $392,198 | $368,880 | 10 | $369,130 | $252,450 | $379,568 |
| 2021 | $2,633,528 | $293,324 | $490,440 | $457,008 | 17 | $460,589 | $280,571 | $416,507 |
| 2020 | $2,839,155 | $193,392 | $388,278 | $447,638 | 18 | — | $177,618 | $339,150 |
Under IRS private-foundation payout rules, The Lee and Yum Foundation reported a distributable amount of $482K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Lee and Yum Foundation is led by Bai Lee, President since 2022 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Bai Lee
President
Trustee → President, 2022
On filings since 2020
2 hrs/week
$8K (2020) → $0 (2024)
Jung Yum
Trustee
On filings since 2020
1 hr/week
$4K (2020) → $0 (2024)
Benjamin Y Lee
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Janet Y Lee
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
June Burton
Treasurer
On filings since 2022
2 hrs/week
No compensation reported
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 2022 IRS filing
The highest reported compensation on the 2022 filing was $4K, to Bai Lee (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Lee and Yum Foundation
How much does The Lee and Yum Foundation give each year?
The Lee and Yum Foundation gave $362K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $374K across 10 grants.
What is The Lee and Yum Foundation's typical grant size?
The Lee and Yum Foundation's median grant in 2024 was $37,500, and its average grant was $45,200, across 8 grants on its 2024 IRS Form 990-PF.
Where does The Lee and Yum Foundation give grants?
The Lee and Yum Foundation gives mostly in New York: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (28%). The most frequent recipient cities were Binghamton, NY (5 grants).
Does The Lee and Yum Foundation give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on The Lee and Yum Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Education" (3 grants).
Who are The Lee and Yum Foundation's largest grantees?
The Lee and Yum Foundation's largest 2024 grantees include Binghamton University ($120,000), Princeton University ($100,000) and UHS Foundation ($50,000), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is The Lee and Yum Foundation?
The Lee and Yum Foundation reported $2.4M in total assets on its 2024 IRS Form 990-PF. It paid out $362K in qualifying distributions that year, against a required minimum of $482K (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 Lee and Yum Foundation's EIN?
The Lee and Yum Foundation's EIN (Employer Identification Number) is 16-6503671. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 22, 2026)
- IRS filings on file for fiscal years 2020–2024
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