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    <Timestamp>2013-05-10T11:15:51-00:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
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      <PreparerFirmUSAddress>
        <AddressLine1>One Hollow Lane Suite 212</AddressLine1>
        <City>Lake Success</City>
        <State>NY</State>
        <ZIPCode>11042</ZIPCode>
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    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>262934869</EIN>
      <Name>
        <BusinessNameLine1>Matthew D and Katherine H Lee Foundation</BusinessNameLine1>
      </Name>
      <NameControl>MATT</NameControl>
      <Phone>8008391754</Phone>
      <USAddress>
        <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
        <City>Wilmington</City>
        <State>DE</State>
        <ZIPCode>198091377</ZIPCode>
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    </Filer>
    <Officer>
      <Name>Matthew Lee</Name>
      <Title>President</Title>
      <DateSigned>2013-05-10</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Jeffrey D Haskell</Name>
      <Phone>8008391754</Phone>
      <DatePrepared>2013-05-10</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
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        <InterestOnSavingsRevAndExpnss>11</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>11</InterestOnSavingsNetInvstIncm>
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        <TotalLiabilitiesNetAssetsEOY>163</TotalLiabilitiesNetAssetsEOY>
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        <ExcessOfRevenueOverExpenses>-92233</ExcessOfRevenueOverExpenses>
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        <TotalNetAssetsFundBalancesEOY>163</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <QlfyUndSect4940eForReducedTax>
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        <QualifyingDistributionsYear1>133058</QualifyingDistributionsYear1>
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      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>0</InvestmentIncomeExciseTax>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>true</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>co Foundation Source</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>8008391754</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>501 Silverside Road Suite 123</AddressLine1>
          <City>Wilmington</City>
          <State>DE</State>
          <ZIPCode>198091377</ZIPCode>
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        <ForeignBank>false</ForeignBank>
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        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
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      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Matthew D Lee</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>Pres / Dir / Sec</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
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      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>0</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>48895</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
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        <MinimumInvestmentReturn>2408</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>2408</MinimumInvestmentReturn>
        <DistributableAmountBeforeAdj>2408</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>2408</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>2408</DistributableAmountAsAdjusted>
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        <QualifyingDistributions>106547</QualifyingDistributions>
        <AppliedToCurrentYear>2408</AppliedToCurrentYear>
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        <ExcessDistriCyovToNextYear>1248021</ExcessDistriCyovToNextYear>
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        <ExcessFromYear2>2926</ExcessFromYear2>
        <ExcessFromYear1>126904</ExcessFromYear1>
        <ExcessFromCurrentYear>104139</ExcessFromCurrentYear>
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      <SupplementaryInformation>
        <ContributingManager>Matthew D Lee</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HUFS FOUNDATION OF SOUTHERN CALIFORNIA</BusinessNameLine1>
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          <RecipientUSAddress>
            <AddressLine1>445 S ARDMORE AVE APT 109</AddressLine1>
            <City>LOS ANGELES</City>
            <State>CA</State>
            <ZIPCode>90020</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>100000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>100000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
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          <ExclusionAmount>11</ExclusionAmount>
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        <SubtotalsPartXVIA>
          <ExclusionAmount>11</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>11</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
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        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
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      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>Lee Matthew D</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>11760 Lake Potomac Drive</AddressLine1>
          <City>Potomac</City>
          <State>MD</State>
          <ZIPCode>20854</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>14578</AggregateContributions>
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      <Statement>This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2012, Matthew D. and Katherine H. Lee Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 100,000. This amount represents over 25 of the Foundations net assets of 92,396 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2012. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.</Statement>
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        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>6522</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>6522</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>State or Local Filing Fees</Description>
        <RevenueAndExpensesPerBooks>25</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>25</DisbursementsCharitablePrps>
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      <OtherProfessionalFees>
        <Category>Investment Management Services</Category>
        <Amount>275</Amount>
        <NetInvestmentIncome>275</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
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