The Lee Family Foundation

JAMESTOWN, RI EIN: 87-6428064

The Lee Family Foundation is a private foundation, based in JAMESTOWN, RI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 1 grants totaling $200K. Net investment income was $362K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.7M

+75.6% YoY

Annual Giving

$200K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$200K

+0.0% YoY

Under IRS private-foundation payout rules, The Lee Family Foundation reported a distributable amount of $246K for 2024 — the minimum it must pay out in qualifying distributions.

About The Lee Family Foundation

Based on IRS filings

Ready to take the next step with The Lee Family Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $403K (100%)

States

Massachusetts

Cities

Boston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,730,461	$2,693,595	$981,874
Revenue	$2,431,216	$1,947,074	$899,390
Expenses	$251,769	$235,353	$22,362
Qualifying Distributions	$220,856	$200,000	$3,050
Net Investment Income	$362,100	$34,020	$8,331
Distributable Amount	$246,488	$94,806	$10,504

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mgh Annual Scholar Award (ein # 04-1564655) ($200,000).

Recipient	Purpose	Amount
MGH ANNUAL SCHOLAR AWARD (EIN # 04-1564655) BOSTON, MA	RESEARCH	$200,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SUSANNA I LEE	TRUSTEE	1	$12,600

Frequently Asked Questions

How large is The Lee Family Foundation?

As of 2024, The Lee Family Foundation holds $4.7M in total assets with $2.4M in annual revenue. It awarded 1 grants totaling $200K in 2024.

Where does The Lee Family Foundation operate?

The Lee Family Foundation has awarded grants in Massachusetts.

What size grants does The Lee Family Foundation award?

In 2024, The Lee Family Foundation awarded 1 grants totaling $200K — an average of about $200K per grant, based on its IRS Form 990 filings.

How much is The Lee Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lee Family Foundation reported a distributable amount of $246K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.