Lucas & Lily Foundation
Lucas & Lily Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN JOSE, CA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $128K in total assets. In 2024, it awarded 17 grants totaling $5K. Net investment income was $24K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$128K
+73.5% YoY
Annual Giving
$5K
+4864.0% YoY
Grant Count
17
+1600.0% YoY
Avg Grant Size
$292
+192.0% YoY
Under IRS private-foundation payout rules, Lucas & Lily Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Lucas & Lily Foundation
Based on IRS filings
Lucas & Lily Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN JOSE, CA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $128K in total assets. In 2024, it awarded 17 grants totaling $5K. Net investment income was $24K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $128,223 | $73,914 |
| Revenue | $99,255 | $71,671 |
| Expenses | $43,431 | $100 |
| Qualifying Distributions | $41,812 | $100 |
| Net Investment Income | $24,134 | $218 |
| Distributable Amount | $3,542 | $96 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Saigon children charity ($500), Singapore Cancer Society ($500), Vietbay ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| Singapore children cancer foundatio | donate to children cancer foundation in SIngapore | $300 |
| HAWAII FOOD BANK | Donate for Hawaii foodbank | $300 |
| Saigon children charity | help support vietnam children education | $500 |
| Korea Kid Orphanage outreach missio Jonesboro, GA | Help orphanages in KOrea | $300 |
| Lotus chairity Vietnam | Help solve poverty for children in vietnam | $300 |
| Singapore Cancer Society | to help minimize cancer in community | $500 |
| Blue Dragon children Vietnam | to stop trafficking of children in Vietnam | $300 |
| VIETBAY | SUpport Yagi victims in Vietnam | $500 |
| VIETSEED FOUNDATION INC | SUPPORT EDUCATION FOR CHILDREN IN VIETNAM | $300 |
| NHA THO TRUNG BAC | CHURCH DONATION IN VIETNAM | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HAI LOC LU | CHAIRMAN | 1 | — |
| PHUOC BAO QUYNH NGUYEN | PRESIDENT & SECRETAR | 5 | — |
| LUCAS LU | JR TRUSTEE | — | — |
| LILY LU | JR TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lucas & Lily Foundation?
Lucas & Lily Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN JOSE, CA. It holds $128K in total assets as of 2024.
How large is Lucas & Lily Foundation?
As of 2024, Lucas & Lily Foundation holds $128K in total assets with $99K in annual revenue. It awarded 17 grants totaling $5K in 2024.
Where does Lucas & Lily Foundation operate?
Lucas & Lily Foundation has awarded grants in California, Georgia.
What size grants does Lucas & Lily Foundation award?
In 2024, Lucas & Lily Foundation awarded 17 grants totaling $5K — an average of about $292 per grant, based on its IRS Form 990 filings.
How much is Lucas & Lily Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lucas & Lily Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lucas & Lily Foundation's EIN?
Lucas & Lily Foundation's EIN (Employer Identification Number) is 93-3935261. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Lucas & Lily Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.