The S Lee Family Foundation

Foundation · Grantmaker Wilmington, DE EIN: 88-0874875

The S Lee Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $472K in total assets. In 2024, it awarded 3 grants totaling $21K. Net investment income was $21K.

Key facts about The S Lee Family Foundation

EIN: 88-0874875
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $21,000
Grants made (2024): 3
Average grant: $7,000
Median grant: $5,000
Total assets: $471,609
Primary geography: Maryland (71% of itemized 2024 grant dollars)

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

Who The S Lee Family Foundation funds

By grant dollars, the top recipient states for The S Lee Family Foundation's 3 itemized 2024 grants were Maryland (71%) and Virginia (24%). 100% of grants with a stated purpose were for general or operating support.

How The S Lee Family Foundation gives

In 2024 it paid out 125% of its IRS minimum distribution (the 5% rule). Method

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

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$472K

-2.2% YoY

Annual Giving

$21K

+28.6% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$7K

-14.3% YoY

Under IRS private-foundation payout rules, The S Lee Family Foundation reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.

About The S Lee Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $15K (71%)

Virginia $5K (24%)

Tennessee $1K (5%)

Share of all 3 itemized 2024 grant dollars.

States

Maryland Tennessee Virginia

Cities

GaithersburgFalls ChurchLandoverMemphis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$471,609	$482,267	$491,753
Revenue	$22,805	$18,726	$503,194
Expenses	$33,463	$28,212	$11,441
Qualifying Distributions	$31,823	$26,939	$10,798
Net Investment Income	$21,465	$17,488	$2,551
Distributable Amount	$25,477	$24,167	$11,018

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Chinese American Community Health ($15,000), Baileys Cross Roads Volunteer Fire CO ($5,000), St Jude Childrens Research Hospital Inc ($1,000).

Recipient	Purpose	Amount
CHINESE AMERICAN COMMUNITY HEALTH Gaithersburg, MD	General & Unrestricted	$15,000
BAILEYS CROSS ROADS VOLUNTEER FIRE CO Falls Church, VA	General & Unrestricted	$5,000
ST JUDE CHILDRENS RESEARCH HOSPITAL INC Memphis, TN	General & Unrestricted	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Sabrina Hsu	Sec, Treas	1	—
Susan L Tang	Dir, Pres	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The S Lee Family Foundation?

The S Lee Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $472K in total assets as of 2024.

How large is The S Lee Family Foundation?

As of 2024, The S Lee Family Foundation holds $472K in total assets with $23K in annual revenue. It awarded 3 grants totaling $21K in 2024.

Where does The S Lee Family Foundation operate?

The S Lee Family Foundation has awarded grants in Maryland, Tennessee, Virginia.

What size grants does The S Lee Family Foundation award?

In 2024, The S Lee Family Foundation awarded 3 grants totaling $21K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is The S Lee Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The S Lee Family Foundation reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.