Lantern Family Foundation
Lantern Family Foundation is a private foundation, 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.
Lantern Family Foundation at a glance
In short: Lantern Family Foundation gave $63K across 6 grants in 2024 (avg $11K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $63,345
- +121.3% vs 2023
- Grants made (2024)
- 6
- +50.0% vs 2023
- Average grant
- $10,558
- +47.5% vs 2023
- Median grant
- $7,500
- Total assets
- $641
- -29.2% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lantern Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Women's Auxiliary ($23K). Together the top 6 received $63K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 28 grants of 28 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Lantern Family Foundation gives
- Giving held roughly steady from 2021 to 2024 (−7%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $29K (2023) to $68K (2021). In 2024 it made 6 grants totaling $63K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Women's Auxiliary Dallas, TX | General Support | $23,125 |
| Children's Medical Center Foundation Dallas, TX | General Support | $20,000 |
| Dallas Children's Advocacy Center Dallas, TX | General Support | $10,000 |
| Hyer PTA Dallas, TX | General Support | $5,000 |
| TCU Fort Worth, TX | General Support | $5,000 |
| Jesuit College Preparatory School Dallas, TX | General Support | $220 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $641 | $63,750 | $64,015 | $63,345 | 6 | $64,044 | $22 |
| 2023 | $906 | $29,625 | $29,219 | $28,625 | 4 | $29,219 | $72 |
| 2022 | $500 | $57,515 | $57,217 | $56,917 | 4 | $57,217 | $100 |
| 2021 | $202 | $68,350 | $68,744 | $68,350 | 9 | $68,744 | $93 |
| 2020 | $596 | $41,500 | $44,359 | $44,000 | 5 | — | $79 |
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.
Leadership & Key People
Officers and directors from IRS filings
Lantern Family Foundation is led by Kristen Mitchell, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kristen Mitchell
President
On filings since 2020
5 hrs/week
No compensation reported
Katherine Kaye
Treasurer
On filings since 2020
5 hrs/week
No compensation reported
Leonard Mitchell
Vice President
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Lantern Family Foundation
How much does Lantern Family Foundation give each year?
Lantern Family Foundation gave $63K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $29K across 4 grants.
What is Lantern Family Foundation's typical grant size?
Lantern Family Foundation's median grant in 2024 was $7,500, and its average grant was $10,558, across 6 grants on its 2024 IRS Form 990-PF.
Where does Lantern Family Foundation give grants?
Lantern Family Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Dallas, TX (5 grants).
Does Lantern Family Foundation give general operating support?
Yes: 100% of Lantern Family Foundation's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Lantern Family Foundation's largest grantees?
Lantern Family Foundation's largest 2024 grantees include Women's Auxiliary ($23,125), Children's Medical Center Foundation ($20,000) and Dallas Children's Advocacy Center ($10,000), according to its 2024 IRS Form 990-PF. Together they received 84% of its itemized 2024 grant dollars.
How large is Lantern Family Foundation?
Lantern Family Foundation reported $641 in total assets on its 2024 IRS Form 990-PF. It paid out $64K in qualifying distributions that year, against a required minimum of $22 (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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