The New Jersey State Capitol

Form 990-PFTax year 2025EIN 22-3507082

William K Lee MD Foundation Inc

A private foundation in Franklin Lakes, NJ. Its return for tax year 2025 lists 15 grants and $332,414 paid in grants.

Tax year 2025 (period ending Dec 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

8 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2025

    $332,414

    Grants listed
    15
    Assets, end of year
    $6,161,775
  • Tax year 2024

    $271,818

    Grants listed
    11
    Assets, end of year
    $5,784,994
  • Tax year 2023

    $286,238

    Grants listed
    1
    Assets, end of year
    $5,212,895
  • Tax year 2022

    $296,600

    Grants listed
    19
    Assets, end of year
    $4,757,072
  • Tax year 2021

    $159,861

    Grants listed
    8
    Assets, end of year
    $5,594,351
  • Tax year 2020

    $178,250

    Grants listed
    9
    Assets, end of year
    $4,607,356
  • Tax year 2019

    $156,200

    Grants listed
    16
    Assets, end of year
    $4,602,453
  • Tax year 2018

    $109,751

    Grants listed
    16
    Assets, end of year
    $3,812,761

Grants paid in 2025

15 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. Individual

    General charitable purposes

    $143,584
  2. Individual

    General charitable purposes

    $51,600
  3. Individual

    General charitable purposes

    $42,430
  4. Korean Presbyterian Church of NJPalisades Park, NJ

    General charitable purposes

    $23,000
  5. Individual

    General charitable purposes

    $20,000
  6. Individual

    General charitable purposes

    $20,000
  7. Individual

    General charitable pursposes

    $15,000
  8. Drew UniversityMadison, NJ

    General charitable purposes

    $10,000
  9. Yale Divinity SchoolNew Haven, CT

    General charitable purposes

    $2,000
  10. YMCA of the United States World SerChicago, IL

    General charitable purposes

    $1,000
  11. Princeton Theological SeminaryPrinceton, NJ

    General charitable purposes

    $1,000
  12. Valley Hospital FoundationParamus, NJ

    General charitable purposes

    $1,000
  13. Islamic Center of Passaic CountyPaterson, NJ

    General charitable purposes

    $1,000
  14. Blanton Peale InstituteNew York, NY

    General charitable purposes

    $500
  15. Seoul High School Alumni AssociatioFullerton, CA

    General charitable purposes

    $300

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education1 grant $10,00080% of the total
  2. Religion2 grants $1,50012% of the total
  3. Health1 grant $1,0008% of the total

By State

Grants to organizations with a US address, latest year.

  1. New Jersey5 grants $36,000
  2. Connecticut1 grant $2,000
  3. Illinois1 grant $1,000
  4. New York1 grant $500
  5. California1 grant $300

Officers, directors and trustees

5 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • William K LeePresident Hours 0Pay $0
  • Hwain LeeVice President Hours 0Pay $0
  • John H LeeTrustee Hours 0Pay $0
  • Charles H LeeTrustee Hours 0Pay $0
  • Julie Lee KimTrustee Hours 0Pay $0

The return

More foundations

Similar foundations

Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. Vartabedian Family FoundationFranklin Lakes, NJ 10 grants Preselected only $116,800 giving
  2. Philip V Fava and Nancy Owen D FavaWhippany, NJ 3 grants Preselected only $330,000 giving
  3. The Klein Family Foundation IncParsippany, NJ 15 grants Preselected only $335,000 giving
  4. DLM FoundationPennington, NJ 6 grants Accepts applications $336,000 giving
  5. The Rue FoundationincTrenton, NJ 33 grants Accepts applications $327,000 giving