Victor a & Louise R Lester Edu Fund
Victor a & Louise R Lester Edu Fund is a private foundation, based in Orlando, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.1M in total assets. In 2025, it awarded 1 grant totaling $126K. Net investment income was $321K.
Victor a & Louise R Lester Edu Fund at a glance
In short: Victor a & Louise R Lester Edu Fund gave $126K across 1 grant in 2025 (avg $126K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $125,948
- +25.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $125,948
- +25.7% vs 2024
- Median grant
- $125,948
- Total assets
- $2,128,164
- +9.0% vs 2024
- Primary geography
- Virginia (100% 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 Victor a & Louise R Lester Edu Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Community Foundation of Western VA ($126K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Victor a & Louise R Lester Edu Fund gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 95% 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 $80K (2020) to $126K (2025). In 2025 it made 1 grant totaling $126K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Foundation of Western VA Martinsville, VA | General Operating | $125,948 |
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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 | $2,128,164 | $334,552 | $158,437 | $125,948 | 1 | $141,356 | $321,496 | $149,455 |
| 2024 | $1,952,403 | $227,533 | $124,819 | $100,169 | 1 | $112,297 | $207,025 | $138,076 |
| 2023 | $1,850,895 | $140,756 | $134,296 | $103,044 | 1 | $120,381 | $112,029 | $117,506 |
| 2022 | $1,844,024 | $127,613 | $154,278 | $111,417 | 1 | $131,388 | $108,048 | $123,015 |
| 2021 | $1,867,358 | $220,962 | $140,146 | $95,895 | 1 | $119,773 | $199,961 | $135,295 |
| 2020 | $1,791,426 | $14,661 | $118,913 | $79,512 | 1 | — | $19,883 | $117,176 |
Under IRS private-foundation payout rules, Victor a & Louise R Lester Edu Fund reported a distributable amount of $149K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Victor a & Louise R Lester Edu Fund's only listed officer is Truist Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Truist Bank
Trustee
On filings since 2021
1 hr/week
$40K (2021) → $21K (2025)
Former officers (1)
- Former: Truist Bank FKA Suntrust Bank (2020) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $21K, to Truist Bank (Trustee).
Frequently asked questions about Victor a & Louise R Lester Edu Fund
How much does Victor a & Louise R Lester Edu Fund give each year?
Victor a & Louise R Lester Edu Fund gave $126K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100K across 1 grant.
How large is Victor a & Louise R Lester Edu Fund?
Victor a & Louise R Lester Edu Fund reported $2.1M in total assets on its 2025 IRS Form 990-PF. It paid out $141K in qualifying distributions that year, against a required minimum of $149K (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.
Where does Victor a & Louise R Lester Edu Fund operate?
Victor a & Louise R Lester Edu Fund has awarded grants in Virginia.
What is Victor a & Louise R Lester Edu Fund's EIN?
Victor a & Louise R Lester Edu Fund's EIN (Employer Identification Number) is 82-3533400. 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 April 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 17, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 22, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 16, 2026)
- IRS filings on file for fiscal years 2020–2025
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