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Lee Foundation is a private corporation based in OWATONNA, MN. The foundation received its IRS ruling in 2015. It holds total assets of $567K. Annual income is reported at $12K. Total assets have decreased from $791K in 2015 to $630K in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Lee Foundation has made 9 grants totaling $165K, with a median grant of $20K. Annual giving has decreased from $40K in 2020 to $25K in 2023. Grantmaking activity was highest in 2022 with $65K distributed across 4 grants. Individual grants have ranged from $5K to $40K, with an average award of $18K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Lee Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in MN.
Lee Foundation has distributed a total of $165K across 9 grants. The median grant size is $20K, with an average of $18K. Individual grants have ranged from $5K to $40K.
Lee Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lee Foundation is headquartered in OWATONNA, MN.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Anna Lee | PRESIDENT | $0 | $0 | N/A |
Total Giving
$52K
Total Assets
$630K
Fair Market Value
$317K
Net Worth
$630K
Grants Paid
$25K
Contributions
$100K
Net Investment Income
N/A
Distribution Amount
$28K
Total Grants
9
Total Giving
$165K
Average Grant
$18K
Median Grant
$20K
Unique Recipients
2
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of MnFOOD ENGINEERING RESEARCH | Minneapolis, MN | $20K | 2023 |
| Mn State University MankatoFOOD ENGINEERING RESEARCH | Mankato, MN | $5K | 2023 |