William K Lee Md Foundation Inc
William K Lee Md Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN LAKES, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 11 grants totaling $272K. Net investment income was $353K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.8M
+11.0% YoY
Annual Giving
$272K
-5.0% YoY
Grant Count
11
+1000.0% YoY
Avg Grant Size
$25K
-91.4% YoY
Under IRS private-foundation payout rules, William K Lee Md Foundation Inc reported a distributable amount of $274K for 2024 — the minimum it must pay out in qualifying distributions.
About William K Lee Md Foundation Inc
Based on IRS filings
William K Lee Md Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN LAKES, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 11 grants totaling $272K. Net investment income was $353K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,784,994 | $5,212,895 | $4,757,072 |
| Revenue | $364,764 | $300,471 | $175,927 |
| Expenses | $283,347 | $300,625 | $323,810 |
| Qualifying Distributions | $271,818 | $286,238 | $296,600 |
| Net Investment Income | $353,235 | $286,084 | $148,717 |
| Distributable Amount | $273,754 | $240,810 | $247,746 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Board for Christian Higher E ($100,000), Ifewu ($60,000), Various ($46,518).
| Recipient | Purpose | Amount |
|---|---|---|
| BLANTON PEALE INSTITUTE NEW YORK, NY | GENERAL CHARITABLE PURPOSES | $12,500 |
| YMCA OF THE UNITED STATES WORLD SER CHICAGO, IL | GENERAL CHARITABLE PURPOSES | $2,000 |
| PRINCETON THEOLOGICAL SEMINARY PRINCETON, NJ | GENERAL CHARITABLE PURPOSES | $1,000 |
| SEOUL HIGH SCHOOL ALUMNI ASSOCIATIO FULLERTON, CA | GENERAL CHARITABLE PURPOSES | $300 |
| VALLEY HOSPITAL FOUNDATION RIDGEWOOD, NJ | GENERAL CHARITABLE PURPOSES | $1,000 |
| KOREAN AMERICAN COMMUNITY FOUNDATIO NEW YORK, NY | GENERAL CHARITABLE PURSPOSES | $15,000 |
| TRUSTEE OF WORLD STUDENT CHRISTIAN NEW YORK, NY | GENERAL CHARITABLE PURPOSES | $15,000 |
| UNITED BOARD FOR CHRISTIAN HIGHER E NEW YORK, NY | GENERAL CHARITABLE PURPOSES | $100,000 |
| KOREAN PRESBYTERIAN CHURCH OF NJ PALISADES PARK, NJ | GENERAL CHARITABLE PURPOSES | $18,500 |
| VARIOUS NEW YORK, NY | GENERAL CHARITABLE PURPOSES | $46,518 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM K LEE | President | — | — |
| HWAIN LEE | Vice President | — | — |
| JOHN H LEE | Trustee | — | — |
| CHARLES H LEE | Trustee | — | — |
| JULIE LEE KIM | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is William K Lee Md Foundation Inc?
William K Lee Md Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN LAKES, NJ. It holds $5.8M in total assets as of 2024.
How large is William K Lee Md Foundation Inc?
As of 2024, William K Lee Md Foundation Inc holds $5.8M in total assets with $365K in annual revenue. It awarded 11 grants totaling $272K in 2024.
Where does William K Lee Md Foundation Inc operate?
William K Lee Md Foundation Inc has awarded grants in California, Connecticut, Illinois, New Jersey, New York.
What size grants does William K Lee Md Foundation Inc award?
In 2024, William K Lee Md Foundation Inc awarded 11 grants totaling $272K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is William K Lee Md Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, William K Lee Md Foundation Inc reported a distributable amount of $274K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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