The Ray M and Mary E Lee Foundation
The Ray M and Mary E Lee Foundation is a private foundation incorporated in 1966 and based in Marietta, Georgia. The foundation operates as a 501(c)(3) organization dedicated to philanthropic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
-2.3% YoY
Annual Giving
$837K
-2.2% YoY
Grant Count
39
-2.5% YoY
Avg Grant Size
$21K
+0.3% YoY
Mission & Focus Areas
The foundation's primary funding areas include:
- General operating support for public charities
- Scholarships and scholarship funds to college foundations
- Capital projects for charitable organizations
- Medical research
- Patient flight support
- Meal assistance
- COVID-19 response initiatives
Grantmaking
The foundation made 38 grants in its most recent reporting period (2024).
Grant Range
s:**
Average Grant
amount: approximately $22,026
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Georgia, with some giving extending to New York and New Jersey.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $12,160,784
- Total Revenues: $687,195
- Total Expenses: $964,043
- Total Giving: $837,190
Tax Status:
- EIN: 58-6049441
- Tax-exempt since February 1966
- Designated as 501(c)(3)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,160,784 | $12,443,330 | $12,720,363 |
| Revenue | $687,195 | $692,339 | $789,368 |
| Expenses | $964,043 | $957,047 | $873,908 |
| Qualifying Distributions | $894,785 | $902,791 | $813,948 |
| Net Investment Income | $617,937 | $638,083 | $729,408 |
| Distributable Amount | $959,992 | $847,865 | $907,890 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
193 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Donald D. Smith – Chairman
- Hansell L. Smith – Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Donald D Smith | Chairman | 20 | — |
| Hansell L Smith | ChairmanTreasurer | 5 | — |
Contact Information
Address: 94 Church Street NE Marietta, GA 30060-1908
Telephone: 404-842-1870
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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