The Lee Family Foundation
The Lee Family Foundation is a private foundation, based in Jamestown, RI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $4.7M in total assets. In 2025, it awarded 1 grant totaling $200K. Net investment income was $242K.
The Lee Family Foundation at a glance
In short: The Lee Family Foundation gave $200K across 1 grant in 2025 (avg $200K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $200,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $200,000
- +0.0% vs 2024
- Median grant
- $200,000
- Total assets
- $4,709,423
- -0.4% vs 2024
- Primary geography
- Massachusetts (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 Lee Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was MGH Annual Scholar Award (EIN # 04-1564655) ($200K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 4 (75%).
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 Lee Family Foundation gives
- Giving grew 6457% from 2022 to 2025. Method
- In 2025 it paid out 76% 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 2022 to 2025, annual grant giving ranged from $3K (2022) to $200K (2025). In 2025 it made 1 grant totaling $200K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MGH Annual Scholar Award (EIN # 04-1564655) Boston, MA | Research | $200,000 |
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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 | $4,709,423 | $279,389 | $258,083 | $200,000 | 1 | $220,812 | $242,118 | $290,964 |
| 2024 | $4,730,461 | $2,431,216 | $251,769 | $200,000 | 1 | $220,856 | $362,100 | $246,488 |
| 2023 | $2,693,595 | $1,947,074 | $235,353 | $200,000 | 1 | $200,000 | $34,020 | $94,806 |
| 2022 | $981,874 | $899,390 | $22,362 | $3,050 | 1 | $3,050 | $8,331 | $10,504 |
| 2021 | $105,560 | $110,353 | $3,917 | — | — | $3,872 | $2,047 | $1,208 |
Under IRS private-foundation payout rules, The Lee Family Foundation reported a distributable amount of $291K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Lee Family Foundation is led by Susanna I. Lee, Trustee on every filing since 2021 — the only officer listed, and compensated.
Officers on the 2025 filing
Susanna I. Lee
Trustee
On filings since 2021
1 hr/week
$12K (2023) → $13K (2025)
Data from IRS Form 990 filings, 2021–2025. "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 $13K, to Susanna I Lee (Trustee).
Frequently asked questions about The Lee Family Foundation
How much does The Lee Family Foundation give each year?
The Lee Family Foundation gave $200K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $200K across 1 grant.
How large is The Lee Family Foundation?
The Lee Family Foundation reported $4.7M in total assets on its 2025 IRS Form 990-PF. It paid out $221K in qualifying distributions that year, against a required minimum of $291K (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.
Where does The Lee Family Foundation operate?
The Lee Family Foundation has awarded grants in Massachusetts.
What is The Lee Family Foundation's EIN?
The Lee Family Foundation's EIN (Employer Identification Number) is 87-6428064. IRS Form 990 filing data is available on this page for 2021–2025.
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 2021 (received by the IRS May 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 24, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in The Lee Family Foundation's focus areas in our free grants database
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