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The Monica Lester Charitable Trust is a private trust based in LOS ANGELES, CA. The foundation received its IRS ruling in 2016. The principal officer is Frank Lee. It holds total assets of $9.9M. Annual income is reported at $1.1M. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2024. Grantmaking is concentrated in California. According to available records, The Monica Lester Charitable Trust has made 16 grants totaling $1M, with a median grant of $50K. Annual giving has grown from $450K in 2022 to $580K in 2023. Individual grants have ranged from $25K to $150K, with an average award of $64K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
Smallest Grant
$25K
Median Grant
$50K
Average Grant
$56K
Largest Grant
$100K
Based on 8 grants from the most recent 990-PF filing.
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.
The Monica Lester Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in CA.
The Monica Lester Charitable Trust has distributed a total of $1M across 16 grants. The median grant size is $50K, with an average of $64K. Individual grants have ranged from $25K to $150K.
The Monica Lester Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
The Monica Lester Charitable Trust is headquartered in LOS ANGELES, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joel Levine | TRUSTEE | $50K | $0 | $50K |
| Paul Lester | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$9.9M
Fair Market Value
N/A
Net Worth
$9.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
16
Total Giving
$1M
Average Grant
$64K
Median Grant
$50K
Unique Recipients
8
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| City Of HopeFUNDING CANCER RESEARCH | Duarte, CA | $100K | 2023 |
| Children'S HospitalSUPPORTING MEDICAL RESEARCH | Los Angeles, CA | $50K | 2023 |
| Loyola Marymount UniversitySUPPORTING HIGHER EDUCATION | Los Angeles, CA | $150K | 2023 |
| Cedars-Sinai Medical CenterSUPPORTING MEDICAL RESEARCH | Los Angeles, CA | $100K | 2023 |
| Ucla School Of DentistryFUNDING RIBOSOMAL RNA RESEARCH | Los Angeles, CA | $75K | 2023 |
| Prostate Cancer FoundationFUNDING CANCER RESEARCH | Santa Monica, CA | $50K | 2023 |
| The Mahler FoundationSUPPORTING MUSICAL PRODUCTION | Santa Cruz, CA | $30K | 2023 |
| Jewish Community FoundationSUPPORTING HIGHER EDUCATION | Los Angeles, CA | $25K | 2023 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA