The Leone Family Foundation
The Leone Family Foundation is a private foundation, based in Chaska, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $90K in total assets. In 2024, it awarded 5 grants totaling $8K.
The Leone Family Foundation at a glance
In short: The Leone Family Foundation gave $8K across 5 grants in 2024 (avg $2K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,610
- +210.6% vs 2023
- Grants made (2024)
- 5
- +150.0% vs 2023
- Average grant
- $1,522
- +24.2% vs 2023
- Median grant
- $1,000
- Total assets
- $89,903
- -8.8% vs 2023
- Primary geography
- Minnesota (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Leone Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Love Inc ($4K). Together the top 5 received $8K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Leone Family Foundation gives
- Giving grew 117% from 2021 to 2024. Method
- In 2024 it paid out 165% 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 2024, annual grant giving ranged from $2K (2023) to $8K (2024). In 2024 it made 5 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Love Inc Chanhassen, MN | Fellowship | $3,610 |
| Merey Multiplied Nashville, TN | Fellowship | $2,000 |
| Southwest Metro Inter Med Shakopee, MN | Fellowship | $1,000 |
| Beyond New Beginnings Waverly, MN | Fellowship | $500 |
| Open Hands Foundation Excelsior, MN | Fellowship | $500 |
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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 | $89,903 | $4,171 | $12,851 | $7,610 | 5 | $7,610 | — | $4,599 |
| 2023 | $98,583 | $4,627 | $6,843 | $2,450 | 2 | $2,450 | $2,127 | $4,676 |
| 2022 | $100,799 | $4,722 | $3,532 | $3,500 | 4 | $3,500 | $1,690 | $4,716 |
| 2021 | $99,609 | $59,270 | $5,465 | $3,500 | 5 | $3,500 | $2,305 | $3,644 |
| 2020 | $49,141 | $10,592 | $4,345 | $2,500 | 4 | — | $669 | $2,492 |
Under IRS private-foundation payout rules, The Leone Family Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Leone Family Foundation is led by Jim Leone, President on the 2024 filing; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jim Leone
President
New on the 2024 filing
1 hr/week
No compensation reported
Andrew J Leone
Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer A Leone
Director
On filings since 2020
1 hr/week
No compensation reported
Lisa J Leone
Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: James Leone (2020–2023) — President
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 Leone Family Foundation
How much does The Leone Family Foundation give each year?
The Leone Family Foundation gave $8K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 2 grants.
What is The Leone Family Foundation's typical grant size?
The Leone Family Foundation's median grant in 2024 was $1,000, and its average grant was $1,522, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Leone Family Foundation give grants?
The Leone Family Foundation gives mostly in Minnesota: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (26%).
Does The Leone Family Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on The Leone Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Fellowship" (5 grants).
Who are The Leone Family Foundation's largest grantees?
The Leone Family Foundation's largest 2024 grantees include Love Inc ($3,610), Merey Multiplied ($2,000) and Southwest Metro Inter Med ($1,000), according to its 2024 IRS Form 990-PF. Together they received 87% of its itemized 2024 grant dollars.
How large is The Leone Family Foundation?
The Leone Family Foundation reported $90K in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
What is The Leone Family Foundation's EIN?
The Leone Family Foundation's EIN (Employer Identification Number) is 26-1632941. IRS Form 990 filing data is available on this page for 2020–2024.
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 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 22, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 20, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 26, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Leone Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The Leone Family Foundation's focus areas in our free grants database
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