William K Lee MD Foundation Inc
William K Lee MD Foundation Inc is a private foundation based in Franklin Lakes, New Jersey. Its 2025 filing lists grants to charitable organizations, including religious, educational, and community organizations.
William K Lee MD Foundation Inc at a glance
In short: William K Lee MD Foundation Inc gave $332K across 15 grants in 2025 (avg $22K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $332,414
- +22.3% vs 2024
- Grants made (2025)
- 15
- +36.4% vs 2024
- Average grant
- $22,161
- -10.3% vs 2024
- Median grant
- $10,000
- Total assets
- $6,161,775
- +6.5% vs 2024
- Primary geography
- New York (82% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to William K Lee MD Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 747 Shoshone Trail, Franklin Lakes, NJ 07417
Phone: (201) 891-7077
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who William K Lee MD Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was United Board for Christian Higher E ($144K). Together the top 10 received $287K.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 46 grants of 54 (85%).
Geographic Focus
Where this funder awards grants
The 2025 filing’s grant dollars were reported as 82% to recipients in New York, 17% in New Jersey, and 1% in Connecticut. Illinois and California each accounted for 0% as reported. Listed recipients include organizations in New York, New Jersey, Connecticut, and Illinois.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
Cities
How William K Lee MD Foundation Inc gives
- 64% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 114% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $160K (2021) to $332K (2025). In 2025 it made 15 grants totaling $332K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Board for Christian Higher E New York, NY | General Charitable Purposes | $143,584 |
| Catholic Cemeteries of Brooklyn Brooklyn, NY | General Charitable Purposes | $51,600 |
| Various New York, NY | General Charitable Purposes | $42,430 |
| Korean Presbyterian Church of NJ Palisades Park, NJ | General Charitable Purposes | $23,000 |
| Awca Teaneck, NJ | General Charitable Purposes | $20,000 |
| Trustee of World Student Christian New York, NY | General Charitable Purposes | $20,000 |
| Korean American Community Foundatio New York, NY | General Charitable Pursposes | $15,000 |
| Drew University Madison, NJ | General Charitable Purposes | $10,000 |
| Yale Divinity School New Haven, CT | General Charitable Purposes | $2,000 |
| YMCA of the United States World Ser Chicago, IL | General Charitable Purposes | $1,000 |
Ready to take the next step with William K Lee MD Foundation Inc?
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 | $6,161,775 | $309,475 | $345,153 | $332,414 | 15 | $332,414 | $296,736 | $292,183 |
| 2024 | $5,784,994 | $364,764 | $283,347 | $271,818 | 11 | $271,818 | $353,235 | $273,754 |
| 2023 | $5,212,895 | $300,471 | $300,625 | $286,238 | 1 | $286,238 | $286,084 | $240,810 |
| 2022 | $4,757,072 | $175,927 | $323,810 | $296,600 | 19 | $296,600 | $148,717 | $247,746 |
| 2021 | $5,594,351 | $277,970 | $166,259 | $159,861 | 8 | $166,259 | $171,047 | $248,839 |
| 2020 | $4,607,356 | $328,543 | $178,998 | $178,250 | 9 | — | $217,935 | $225,640 |
Under IRS private-foundation payout rules, William K Lee MD Foundation Inc reported a distributable amount of $292K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants include support for a university, theological and Christian organizations, a cemetery organization, and community organizations. Drew University describes itself as a Phi Beta Kappa liberal arts university comprising the College of Liberal Arts, the Drew Theological School, and the Caspersen School of Graduate Studies; that description is Drew University’s, not the foundation’s.
Grantmaking
In filing year 2025, the foundation made 15 grants totaling $332,414. Grant amounts ranged from $300 to $143,584, with a median grant of $10,000.
The largest listed grants included $143,584 to United Board for Christian Higher Education, $51,600 to Catholic Cemeteries of Brooklyn, $42,430 to Various, $23,000 to Korean Presbyterian Church of NJ, $20,000 each to AWCA and Trustee of World Student Christian, and $15,000 to Korean American Community Foundation. Drew University received $10,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists William K Lee as President, Hwainn Lee as Vice President, and John H Lee, Charles H Lee, and Julie Lee Kim as Trustees.
William K Lee MD Foundation Inc is led by William K. Lee, President on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
William K. Lee
President
On filings since 2020
No compensation reported
Charles H. Lee
Trustee
On filings since 2020
No compensation reported
John H. Lee
Trustee
On filings since 2020
No compensation reported
Julie Lee Kim
Trustee
On filings since 2020
No compensation reported
Hwain Lee
Vice President
On filings since 2020
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 William K Lee MD Foundation Inc
How much does William K Lee MD Foundation Inc give each year?
William K Lee MD Foundation Inc gave $332K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $272K across 11 grants.
What is William K Lee MD Foundation Inc's typical grant size?
William K Lee MD Foundation Inc's median grant in 2025 was $10,000, and its average grant was $22,161, across 15 grants on its 2025 IRS Form 990-PF.
Where does William K Lee MD Foundation Inc give grants?
William K Lee MD Foundation Inc gives mostly in New York: 82% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (17%). The most frequent recipient cities were New York, NY (5 grants).
Does William K Lee MD Foundation Inc give general operating support?
Yes: 100% of William K Lee MD Foundation Inc's 2025 grants with a stated purpose (15 of 15) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are William K Lee MD Foundation Inc's largest grantees?
William K Lee MD Foundation Inc's largest 2025 grantees include United Board for Christian Higher E ($143,584), Catholic Cemeteries of Brooklyn ($51,600) and Korean Presbyterian Church of NJ ($23,000), according to its 2025 IRS Form 990-PF. Together they received 66% of its itemized 2025 grant dollars.
How large is William K Lee MD Foundation Inc?
William K Lee MD Foundation Inc reported $6.2M in total assets on its 2025 IRS Form 990-PF. It paid out $332K in qualifying distributions that year, against a required minimum of $292K (roughly 5% of its investment assets).
What does William K Lee MD Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants include support for a university, theological and Christian organizations, a cemetery organization, and community organizations. See mission & focus areas ↑
How do I apply for a grant from William K Lee MD Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is William K Lee MD Foundation Inc's EIN?
William K Lee MD Foundation Inc's EIN (Employer Identification Number) is 22-3507082. IRS Form 990 filing data is available on this page for 2020–2025.
Does William K Lee MD Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 20, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in William K Lee MD Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Harold B & Dorothy a Snyder Foundation
Westminster, MD
The foundation funds healthcare, education and scholarships, social services, faith-based community initiatives, and historic preservation, with a particular focus on New Jersey and projects benefiting Union County residents. Its 2025 grants ranged from $5,000 to $75,000, with a median of $30,750. It funds preselected charitable organizations and does not accept unsolicited requests.
Assets
$15.4M
Grants
14
Total Given
$434K
Franklin Square Foundation
Evanston, IL
The foundation funds youth and social services, education, theatre, and science and environmental programs, with most 2024 grant dollars going to Illinois organizations and others going to New Jersey, New York, Pennsylvania, and Washington, DC. Its 14 grants in 2024 ranged from $5,000 to $35,000, with a median of $15,000. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$2.2M
Grants
14
Total Given
$223K
Ewing Cole Charitable Foundation
Philadelphia, PA
The foundation’s grants support a range of charitable organizations, including those focused on education, health, architecture, youth, and community services. Its 2024 grants ranged from $2,500 to $30,000, with a median of $5,000, and 79% of funding went to Pennsylvania, with the rest distributed across several other states. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$3.7M
Grants
21
Total Given
$158K
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
Grace Charity Foundation Inc
Randolph, NJ
Grace Charity Foundation Inc. funds religious and charitable organizations, including those working in the arts, family services, and children’s needs. In 2025, grants ranged from $450 to $25,000, with a median of $3,300, and most funding went to organizations in New Jersey, New York, and California. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$5.2M
Grants
49
Total Given
$295K
The Eagle Foundation
Chaska, MN
The Eagle Foundation funds educational institutions, youth and addiction services, and other organizations, with 2024 grants ranging from $1,815 to $300,000 and a median of $5,000. Most funding went to Minnesota, with additional grants in North Dakota, Iowa, Florida, and Wisconsin. The filing says applicants should submit a detailed description of their organization and proposed activities; it does not explicitly state whether unsolicited requests are accepted.
Assets
$26.1M
Grants
101
Total Given
$1.4M
More similar funders
More Funders in New Jersey
Cite this profile
Grantable. (2026). William K Lee MD Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/william-k-lee-md-foundation-inc-morg_2ee8926408124cddbb24a218b3604399
BibTeX
@misc{grantable_223507082_2026,
author = {{Grantable}},
title = {{William K Lee MD Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/william-k-lee-md-foundation-inc-morg_2ee8926408124cddbb24a218b3604399},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from William K Lee MD Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
William K Lee MD Foundation Inc down — hundreds of funders to go?