Lantern Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $641 in total assets. In 2024, it awarded 6 grants totaling $63K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$641
-29.2% YoY
Annual Giving
$63K
+121.3% YoY
Grant Count
6
+50.0% YoY
Avg Grant Size
$11K
+47.5% YoY
Under IRS private-foundation payout rules, Lantern Family Foundation reported a distributable amount of $22 for 2024 — the minimum it must pay out in qualifying distributions.
About Lantern Family Foundation
Based on IRS filings
Lantern Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $641 in total assets. In 2024, it awarded 6 grants totaling $63K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $641 | $906 | $500 |
| Revenue | $63,750 | $29,625 | $57,515 |
| Expenses | $64,015 | $29,219 | $57,217 |
| Qualifying Distributions | $64,044 | $29,219 | $57,217 |
| Net Investment Income | — | — | — |
| Distributable Amount | $22 | $72 | $100 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Women's Auxiliary ($23,125), Children's Medical Center Foundation ($20,000), Dallas Children's Advocacy Center ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HYER PTA DALLAS, TX | GENERAL SUPPORT | $5,000 |
| TCU FORT WORTH, TX | GENERAL SUPPORT | $5,000 |
| WOMEN'S AUXILIARY DALLAS, TX | GENERAL SUPPORT | $23,125 |
| DALLAS CHILDREN'S ADVOCACY CENTER DALLAS, TX | GENERAL SUPPORT | $10,000 |
| JESUIT COLLEGE PREPARATORY SCHOOL DALLAS, TX | GENERAL SUPPORT | $220 |
| CHILDREN'S MEDICAL CENTER FOUNDATION DALLAS, TX | GENERAL SUPPORT | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KRISTEN MITCHELL | PRESIDENT | 5 | — |
| LEONARD MITCHELL | VICE PRESIDENT | 5 | — |
| KATHERINE KAYE | TREASURER | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lantern Family Foundation?
Lantern Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $641 in total assets as of 2024.
How large is Lantern Family Foundation?
As of 2024, Lantern Family Foundation holds $641 in total assets with $64K in annual revenue. It awarded 6 grants totaling $63K in 2024.
Where does Lantern Family Foundation operate?
Lantern Family Foundation has awarded grants in New York, Texas.
What size grants does Lantern Family Foundation award?
In 2024, Lantern Family Foundation awarded 6 grants totaling $63K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Lantern Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lantern Family Foundation reported a distributable amount of $22 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lantern Family Foundation's EIN?
Lantern Family Foundation's EIN (Employer Identification Number) is 83-3631517. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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