Tom and Jenny Lee Foundation
Tom and Jenny Lee Foundation is a private foundation, based in Diamond Bar, CA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $206K in total assets. In 2024, it awarded 5 grants totaling $20K. Net investment income was $6K.
Tom and Jenny Lee Foundation at a glance
In short: Tom and Jenny Lee Foundation gave $20K across 5 grants in 2024 (avg $4K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $19,800
- +34.7% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $3,960
- +7.8% vs 2023
- Median grant
- $2,500
- Total assets
- $206,002
- -7.0% vs 2023
- Primary geography
- California (90% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Tom and Jenny Lee Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was AJ Wang Foundation ($10K). Together the top 5 received $20K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Tom and Jenny Lee Foundation gives
- Giving fell 21% from 2021 to 2024. 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 2019 to 2024, annual grant giving ranged from $9K (2020) to $25K (2021). In 2024 it made 5 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| AJ Wang Foundation Cerritos, CA | Donate to contribute to funds for Scholarship | $10,000 |
| FGS Int'l Translation Center Hacienda Hts, CA | Promote Buddhism | $3,800 |
| Ibps Hacienda Heights, CA | Promote Buddhism | $2,500 |
| Formosan Association For Public Aff Washington, DC | Promote democracy, peace and security of Taiwan | $2,000 |
| Buddhas Light Intl USA Hacienda Hts, CA | Promote Buddhism | $1,500 |
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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 |
|---|---|---|---|---|---|---|---|
| 2024 | $206,002 | $5,511 | $20,935 | $19,800 | 5 | $19,800 | $5,511 |
| 2023 | $221,426 | $4,302 | $15,750 | $14,700 | 4 | $15,750 | — |
| 2022 | $232,874 | $665 | $13,000 | $13,000 | 5 | $13,000 | — |
| 2021 | $245,209 | $151,343 | $25,860 | $25,000 | 3 | $25,000 | — |
| 2020 | $119,726 | $1,463 | $8,530 | $8,500 | 3 | — | — |
| 2019 | $126,793 | $1,817 | $17,635 | $16,000 | 3 | — | — |
Leadership & Key People
Officers and directors from IRS filings
Tom and Jenny Lee Foundation is led by Mu Tung Li, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Mu Tung Li
Trustee
On filings since 2019
No compensation reported
Former officers (1)
- Former: Jiin J Li (2019–2022) — Trustee
Data from IRS Form 990 filings, 2019–2024. "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 Tom and Jenny Lee Foundation
How much does Tom and Jenny Lee Foundation give each year?
Tom and Jenny Lee Foundation gave $20K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $15K across 4 grants.
What is Tom and Jenny Lee Foundation's typical grant size?
Tom and Jenny Lee Foundation's median grant in 2024 was $2,500, and its average grant was $3,960, across 5 grants on its 2024 IRS Form 990-PF.
Where does Tom and Jenny Lee Foundation give grants?
Tom and Jenny Lee Foundation gives mostly in California: 90% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (10%). The most frequent recipient cities were Hacienda HTS, CA (2 grants).
Does Tom and Jenny Lee Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Tom and Jenny Lee Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Promote Buddhism" (3 grants).
Who are Tom and Jenny Lee Foundation's largest grantees?
Tom and Jenny Lee Foundation's largest 2024 grantees include AJ Wang Foundation ($10,000), FGS Int'l Translation Center ($3,800) and Ibps ($2,500), according to its 2024 IRS Form 990-PF. Together they received 82% of its itemized 2024 grant dollars.
How large is Tom and Jenny Lee Foundation?
Tom and Jenny Lee Foundation reported $206K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $6K.
What is Tom and Jenny Lee Foundation's EIN?
Tom and Jenny Lee Foundation's EIN (Employer Identification Number) is 54-2136745. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 28, 2020)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- IRS filings on file for fiscal years 2020–2024
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