Matthew D And Katherine H Lee Foundation
- Assets
- $1.6m
- Revenue
- $348.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-2934869
Organization Overview
Matthew D And Katherine H Lee Foundation is located in Wilmington, DE. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew D And Katherine H Lee Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Matthew D And Katherine H Lee Foundation generated $348.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $496.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Matthew D And Katherine H Lee Foundation has awarded 96 individual grants totaling $3,763,928. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew D Lee Pres, Dir, Sec | 1 | $0 | |
Patricia Lee Dir | 1 | $0 | |
Sophie Lee Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $324 |
| Dividends & Interest | $30,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $316,715 |
| Capital Gain Net Income | $314,091 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $296 |
| Total Revenue | $348,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,292 |
| Taxes | $3,800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,898 |
| Total operating and administrative expenses | $39,500 |
| Contributions, gifts, grants paid | $457,000 |
| Total expenses and disbursements | $496,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,376 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,859 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,627,783 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Matthew D And Katherine H Lee Foundation has awarded $457,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ANGLO-AMERICAN CHARITABLE FOUNDATION LTD PURPOSE: ST. PAUL'S GIRLS' SCHOOL | $25,000 |
ARCHBISHOP'S CHARITIES AND DEVELOPMENT DRIVE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CENTER OF CARE FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
GLOBAL FUND FOR FORGOTTEN PEOPLE ORDER OF MALTA IN PURPOSE: FOR VICTIMS OF THE RECENT EARTHQUAKES IN TURKEY AND SYRIA | $10,000 |
HOLY FAMILY HOSPITAL OF BETHLEHEM FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
HUFS FOUNDATION OF SOUTHERN CALIFORNIA PURPOSE: GENERAL & UNRESTRICTED | $210,000 |