The Leone Family Foundation
The Leone Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Key facts about The Leone Family Foundation
In short: The Leone Family Foundation gave $8K across 5 grants in 2024 (avg $2K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- EIN
- 26-1632941
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $7,610
- Grants made (2024)
- 5
- Average grant
- $1,522
- Median grant
- $1,000
- Total assets
- $89,903
- Primary geography
- Minnesota (74% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$90K
-8.8% YoY
Annual Giving
$8K
+210.6% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$2K
+24.2% YoY
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.
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.
Ready to take the next step with The Leone Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $89,903 | $98,583 | $100,799 |
| Revenue | $4,171 | $4,627 | $4,722 |
| Expenses | $12,851 | $6,843 | $3,532 |
| Qualifying Distributions | $7,610 | $2,450 | $3,500 |
| Net Investment Income | — | $2,127 | $1,690 |
| Distributable Amount | $4,599 | $4,676 | $4,716 |
Data update history
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
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?
The Leone Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chaska, MN. It holds $90K in total assets as of 2024.
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.
Here's the math on researching The Leone Family Foundation by hand.
Explore Open Grants
Browse active grant opportunities in The Leone Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Cooper Family Foundation of MN Inc
Victoria, MN
Assets
$174K
Grants
1
Total Given
$2K
Women of Waconia
Waconia, MN
Assets
$9K
Grants
8
Total Given
$17K
Robers Foundation Inc
Fort Myers, FL
Assets
$23K
Grants
11
Total Given
$15K
Bruce Senske Family Foundation
Eden Prairie, MN
Assets
$16K
Grants
13
Total Given
$13K
The Fred C and Dolores R Williams
Yakima, WA
Assets
$2.5M
Grants
17
Total Given
$143K
Lrca Peterson Family Foundation
Burlington, WA
Assets
$4.0M
Grants
18
Total Given
$213K
The Five M Foundation
Titusville, PA
Assets
$3.2M
Grants
19
Total Given
$260K
The Ahrendts-Couch Family Foundation
San Martin, CA
The Ahrendts-Couch Family Foundation supports varied charitable work, including water relief, religious services, community centers, foster care, food assistance, and disaster relief, with 2024 grants to organizations in several states. Its 2024 grants ranged from $5,000 to $433,333, with a median of $40,000; it funds only preselected organizations and does not accept unsolicited requests.
Assets
—
Grants
19
Total Given
$1.3M
The Riley Foundation
Meridian, MS
The Riley Foundation funds charitable and governmental organizations and community-wide projects in healthcare, education, and cultural, environmental, and economic betterment in Meridian and Lauderdale County, Mississippi. In 2025, grants ranged from $850 to $2,870,863, with a median of $4,000; the profile does not state whether unsolicited requests are accepted.
Assets
$101.0M
Grants
20
Total Given
$3.7M
Enjoy a Better Life Foundation
Libertyville, IL
Assets
$608K
Grants
21
Total Given
$32K
Erhart Foundation
Chanhassen, MN
The Erhart Foundation supports charitable organizations in areas including disaster relief, education, housing, ministry, and health. In 2024, it awarded 24 grants of $1,000–$10,000, with a median of $1,000, primarily to organizations in Minnesota, as well as North Carolina, Florida, Wyoming, and Colorado. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$877K
Grants
24
Total Given
$46K
John K Henne Charitable Trust
Lynchburg, VA
The John K Henne Charitable Trust supports a range of organizations, including education, human services, healthcare, and cultural groups, primarily in Pennsylvania and Virginia, with some funding in Texas and New York. In 2025, grants ranged from $500 to $42,042, with a median of $9,500. It accepts requests by letter describing the proposed use of funds and including the IRS tax-exempt determination letter; no deadline is stated.
Assets
$1.7M
Grants
24
Total Given
$266K
More Funders in Minnesota
The Leone Family Foundation down — hundreds of funders to go?