The Thai Lee Foundation
The Thai Lee Foundation is a private foundation, based in Austin, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $14.0M in total assets. In 2025, it awarded 3 grants totaling $569K. Net investment income was $790K.
The Thai Lee Foundation at a glance
In short: The Thai Lee Foundation gave $569K across 3 grants in 2025 (avg $190K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $569,000
- +150.7% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $189,667
- +67.1% vs 2024
- Median grant
- $59,000
- Total assets
- $14,028,402
- +1.5% vs 2024
- Primary geography
- New York (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Thai Lee Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Memorial Sloan Kettering Cancer Center ($500K). Together the top 3 received $569K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 3 grants of 16 (19%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Thai Lee Foundation gives
- Giving fell 77% from 2022 to 2025. Method
- In 2025 it paid out 49% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $227K (2024) to $2.5M (2022). In 2025 it made 3 grants totaling $569K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Memorial Sloan Kettering Cancer Center New York, NY | An unrestricted grant to further the donee's exempt purpose | $500,000 |
| Johns Hopkins University Baltimore, MD | An unrestricted grant to further the donee's exempt purpose | $59,000 |
| Parkinson's Wellness New York, NY | An unrestricted grant to further the donee's exempt purpose | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $14,028,402 | $895,254 | $684,317 | $569,000 | 3 | $570,627 | $789,764 | $1,168,723 |
| 2024 | $13,817,449 | $731,788 | $355,930 | $227,000 | 2 | $228,657 | $628,963 | $1,027,435 |
| 2023 | $13,441,343 | $1,338,368 | $2,031,543 | $1,915,000 | 5 | $1,917,231 | $1,157,923 | $872,285 |
| 2022 | $14,134,524 | $724,562 | $2,612,316 | $2,499,000 | 3 | $2,500,942 | $613,188 | $996,148 |
| 2021 | $16,022,278 | $1,399,519 | $1,550,848 | $1,448,000 | 3 | $1,449,750 | $1,301,886 | $1,104,853 |
| 2020 | $16,173,607 | $103,701 | $1,056,697 | $998,000 | 3 | — | $369,847 | $970,855 |
Under IRS private-foundation payout rules, The Thai Lee Foundation reported a distributable amount of $1.2M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Thai Lee Foundation is led by Thai Lee, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Thai Lee
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Thai Lee Foundation
How much does The Thai Lee Foundation give each year?
The Thai Lee Foundation gave $569K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $227K across 2 grants.
What is The Thai Lee Foundation's typical grant size?
The Thai Lee Foundation's median grant in 2025 was $59,000, and its average grant was $189,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Thai Lee Foundation give grants?
The Thai Lee Foundation gives mostly in New York: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Maryland (10%). The most frequent recipient cities were New York, NY (2 grants).
Does The Thai Lee Foundation give general operating support?
Yes: 100% of The Thai Lee Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Thai Lee Foundation?
The Thai Lee Foundation reported $14.0M in total assets on its 2025 IRS Form 990-PF. It paid out $571K in qualifying distributions that year, against a required minimum of $1.2M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Thai Lee Foundation's EIN?
The Thai Lee Foundation's EIN (Employer Identification Number) is 46-1613984. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 30, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 16, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 17, 2026)
- IRS filings on file for fiscal years 2020–2025
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