The Leone Family Foundation Inc

CHASKA, MN EIN: 26-1632941

The Leone Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHASKA, MN. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $99K in total assets. In 2023, it awarded 2 grants totaling $2K. Net investment income was $2K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$99K

-2.2% YoY

Annual Giving

$2K

-30.0% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$1K

+40.0% YoY

Under IRS private-foundation payout rules, The Leone Family Foundation Inc reported a distributable amount of $5K for 2023 — the minimum it must pay out in qualifying distributions.

About The Leone Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $10K (87%)

Tennessee $2K (13%)

States

Minnesota Tennessee

Cities

ChanhassenChaskaExcelsiorMinneapolisNashvilleWaverly

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$98,583	$100,799	$99,609
Revenue	$4,627	$4,722	$59,270
Expenses	$6,843	$3,532	$5,465
Qualifying Distributions	$2,450	$3,500	$3,500
Net Investment Income	$2,127	$1,690	$2,305
Distributable Amount	$4,676	$4,716	$3,644

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2023

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Love Inc ($1,950), New Beginnings ($500).

Recipient	Purpose	Amount
Love Inc CHANHASSEN, MN	Fellowship	$1,950
New Beginnings WAVERLY, MN	Fellowship	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
James Leone	President	1	—
Lisa J Leone	Director	1	—
Andrew J Leone	Director	1	—
Jennifer A Leone	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Leone Family Foundation Inc?

The Leone Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHASKA, MN. It holds $99K in total assets as of 2023.

How large is The Leone Family Foundation Inc?

As of 2023, The Leone Family Foundation Inc holds $99K in total assets with $5K in annual revenue. It awarded 2 grants totaling $2K in 2023.

Where does The Leone Family Foundation Inc operate?

The Leone Family Foundation Inc has awarded grants in Minnesota, Tennessee.

What size grants does The Leone Family Foundation Inc award?

In 2023, The Leone Family Foundation Inc awarded 2 grants totaling $2K — an average of about $1K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2023, The Leone Family Foundation Inc reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Leone Family Foundation Inc's EIN?

The Leone Family Foundation Inc's EIN (Employer Identification Number) is 26-1632941. IRS Form 990 filing data is available on this page for 2020–2023.