The Lester Fund Inc

Private foundation · Grantmaker New York, NY EIN: 26-3909321

The Lester Fund Inc is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. In 2024, it made $3K in qualifying distributions.

Key facts about The Lester Fund Inc

EIN
26-3909321
Latest 990 filing
Form 990-PF, 2024

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

Revenue

—

Qualifying Distributions

$3K

Expenses

$3K

+93.1% YoY

Under IRS private-foundation payout rules, The Lester Fund Inc reported a distributable amount of $64 for 2024 — the minimum it must pay out in qualifying distributions.

How The Lester Fund Inc gives

  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

New YorkArlington

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K4 grants2020 1 grant2021 1 grant2022 0 grants2023 0 grants2024

From 2020 to 2022, annual grant giving ranged from $5K (2022) to $51K (2020). In 2022 it made 1 grant totaling $5K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

6 grants across all recorded years

6<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 6 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$20K$40K$60K$80K2020 2021 2022 2023 2024
Metric202420232022
Total Assets—$2,587$3,927
Revenue——$10,000
Expenses$2,587$1,340$11,463
Qualifying Distributions$2,587—$11,463
Distributable Amount$64$160$229

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Lester Fund Inc is led by Bonnie Potter, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Bonnie Potter

    President & Treasurer

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Tina Potter

    Secretary

    On filings since 2020

    0.5 hrs/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 Lester Fund Inc

Where does The Lester Fund Inc operate?

The Lester Fund Inc has awarded grants in New York, Virginia.

How much is The Lester Fund Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lester Fund Inc reported a distributable amount of $64 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Lester Fund Inc's EIN?

The Lester Fund Inc's EIN (Employer Identification Number) is 26-3909321. 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.

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