The Lee and Yum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-9.2% YoY
Annual Giving
$362K
-3.4% YoY
Grant Count
8
-20.0% YoY
Avg Grant Size
$45K
+20.8% YoY
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.
About The Lee and Yum Foundation
Based on IRS filings
The Lee and Yum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $2,440,802 | $2,687,525 | $2,755,329 |
| Revenue | $162,031 | $318,283 | $463,755 |
| Expenses | $408,754 | $400,010 | $392,198 |
| Qualifying Distributions | $361,600 | $374,502 | $369,130 |
| Net Investment Income | $110,221 | $315,168 | $252,450 |
| Distributable Amount | $482,099 | $393,634 | $379,568 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Binghamton University ($120,000), Princeton University ($100,000), UHS Foundation ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Binghamton University Binghamton, NY | Scholarship Assistance | $120,000 |
| UHS Foundation Binghamton, NY | Community Education | $50,000 |
| Manheim Township School District Lancaster, PA | Scholarship | $600 |
| Lourdes Foundation Binghamton, NY | Community Education | $35,000 |
| BCC Foundation Binghamton, NY | Schalarship Assistance | $40,000 |
| American Legion Post 357 Hallstead, PA | Financial Assistance | $10,000 |
| Princeton University Princeton, NJ | Scholarship Assistance | $100,000 |
| Broome County Arts Council Binghamton, NY | Community Education | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bai Lee | President | 2 | — |
| Jung Yum | Trustee | 1 | — |
| June Burton | Treasurer | 2 | — |
| Benjamin Y Lee | Trustee | 1 | — |
| Janet Y Lee | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Lee and Yum Foundation?
The Lee and Yum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VESTAL, NY. It holds $2.4M in total assets as of 2024.
How large is The Lee and Yum Foundation?
As of 2024, The Lee and Yum Foundation holds $2.4M in total assets with $162K in annual revenue. It awarded 8 grants totaling $362K in 2024.
Where does The Lee and Yum Foundation operate?
The Lee and Yum Foundation has awarded grants in Florida, Maryland, New Jersey, New York, Pennsylvania.
What size grants does The Lee and Yum Foundation award?
In 2024, The Lee and Yum Foundation awarded 8 grants totaling $362K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is The Lee and Yum Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lee and Yum Foundation reported a distributable amount of $482K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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