Lee Foundation
- Assets
- $1.4m
- Revenue
- $344.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 74-3235054
Organization Overview
Lee Foundation is located in Los Angeles, CA. The organization was established in 2008. 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. 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 12/2022, Lee Foundation generated $344.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $404.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lee Foundation has awarded 114 individual grants totaling $3,779,829. 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 |
|---|---|---|---|
David L Lee Director, Treasurer/cfo | 1 | $0 | |
Ellen W Lee Director, President | 1 | $0 | |
Benjamin K Lee Director, Secretary | 1 | $0 | |
Bonnie A Lee Director | 1 | $0 | |
Rachel R Lee Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,524 |
| Capital Gain Net Income | $127,524 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $344,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,596 |
| Depreciation | $1,982 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,928 |
| Total operating and administrative expenses | $16,874 |
| Contributions, gifts, grants paid | $387,150 |
| Total expenses and disbursements | $404,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $335,869 |
| 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 | $321,156 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $819 |
| Total assets | $1,386,875 |
| 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, Lee Foundation has awarded $387,150 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE HUNTINGTON MEMORIAL HOSPITAL PURPOSE: TO SUPPORT THE GENERAL FUND. | $40,000 |
CALTECH PURPOSE: TO SUPPORT THE GENERAL FUND. | $20,000 |
AMERICAN ACADEMY OF ARTS AND SCIENCES PURPOSE: TO PROVIDE CURRENT USE SUPPORT FOR THE COMMISSION ON ACCELERATING CLIMATE ACTION. | $300,000 |
DOOR OF HOPE PURPOSE: TO SUPPORT THE GENERAL FUND. | $10,000 |
LUTHERN CHURCH OF THE CROSS PURPOSE: GATEWAY SEMINARY SCHOOL SCHOLARSHIP. | $2,000 |
PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA PURPOSE: TO SUPPORT THE GENERAL FUND. | $10,000 |