The Leo Foundation
The Leo Foundation is a private foundation, based in Colorado Springs, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $36K in total assets. Net investment income was $810.
The Leo Foundation at a glance
- Total assets
- $36,191
- +15.2% vs 2023
- Revenue (2024)
- $810
- +301.0% vs 2023
- Net investment income (2024)
- $810
- +301.0% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Leo Foundation funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How The Leo Foundation gives
- In 2022 it paid out 146% 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 2020 to 2022, annual grant giving ranged from $1K (2021) to $2K (2022). In 2022 it made 1 grant totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $36,191 | $810 | — | — | — | — | $810 | $1,654 |
| 2023 | $31,416 | $202 | — | — | — | — | $202 | $1,415 |
| 2022 | $26,168 | $75 | $2,000 | $2,000 | 1 | $2,000 | $75 | $1,367 |
| 2021 | $29,374 | $6,635 | $1,096 | $1,000 | 1 | $1,096 | $6,635 | $1,238 |
| 2020 | $24,636 | $1,548 | $1,631 | $1,600 | 2 | — | $1,548 | $1,281 |
Under IRS private-foundation payout rules, The Leo Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Leo Foundation is led by Mary McFee, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mary McFee
President
On filings since 2020
1 hr/week
No compensation reported
Jennifer Smith
Director
On filings since 2020
1 hr/week
No compensation reported
Nichole Reiff
Director
On filings since 2020
1 hr/week
No compensation reported
Randall McFee
Secretary
On filings since 2020
1 hr/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.
Frequently asked questions about The Leo Foundation
How large is The Leo Foundation?
The Leo Foundation reported $36K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $810.
Where does The Leo Foundation operate?
The Leo Foundation has awarded grants in Colorado, Minnesota.
How much is The Leo Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Leo Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Leo Foundation's EIN?
The Leo Foundation's EIN (Employer Identification Number) is 42-1508231. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Leo Foundation's focus areas in our free grants database
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