Lucas & Lily Foundation
Lucas & Lily Foundation is a private foundation, based in San Jose, CA. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $98K in total assets. In 2025, it awarded 8 grants totaling $4K.
Lucas & Lily Foundation at a glance
In short: Lucas & Lily Foundation gave $4K across 8 grants in 2025 (avg $477), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,816
- -23.1% vs 2024
- Grants made (2025)
- 8
- -52.9% vs 2024
- Average grant
- $477
- +63.4% vs 2024
- Median grant
- $250
- Total assets
- $97,538
- -23.9% vs 2024
- Primary geography
- California (58% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lucas & Lily Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Vietbay ($2K). Together the top 8 received $4K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 26 grants of 26 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Lucas & Lily Foundation gives
- In 2025 it paid out 700% of 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 2023 to 2025, annual grant giving ranged from $100 (2023) to $5K (2024). In 2025 it made 8 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vietbay Palo Alto, CA | Vietnam charity contribution | $2,000 |
| Hawaii Food Bank Honolulu, HI | food bank | $300 |
| Hawaii community foundation Honolulu, HI | contribute to Hawaii community | $300 |
| Trung Bac church in Vietnam | church donation | $250 |
| Ha noi CHurch | church donation | $250 |
| Thong Nhat Church | church donation | $250 |
| DUc Ba church | church donation | $250 |
| EDS PTO San Jose, CA | School donation | $216 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $97,538 | $5,291 | $35,522 | $3,816 | 8 | $35,522 | — | $5,071 |
| 2024 | $128,223 | $99,255 | $43,431 | $4,964 | 17 | $41,812 | $24,134 | $3,542 |
| 2023 | $73,914 | $71,671 | $100 | $100 | 1 | $100 | $218 | $96 |
Under IRS private-foundation payout rules, Lucas & Lily Foundation reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lucas & Lily Foundation is led by Phuoc Bao Quynh Nguyen, President & Director since 2025 (on filings since 2023); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Phuoc Bao Quynh Nguyen
President & Director
President Secretary → President & Secretary, 2024
President & Secretary → President & Director, 2025
On filings since 2023
5 hrs/week
No compensation reported
Hai Loc Lu
Chairman
On filings since 2023
1 hr/week
No compensation reported
Lily Lu
Junior Trustee
On filings since 2023
1 hr/week
No compensation reported
Lucas Lu
Junior Trustee
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 Lucas & Lily Foundation
How much does Lucas & Lily Foundation give each year?
Lucas & Lily Foundation gave $4K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 17 grants.
What is Lucas & Lily Foundation's typical grant size?
Lucas & Lily Foundation's median grant in 2025 was $250, and its average grant was $477, across 8 grants on its 2025 IRS Form 990-PF.
Where does Lucas & Lily Foundation give grants?
Lucas & Lily Foundation gives mostly in California: 58% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Hawaii (16%). The most frequent recipient cities were Honolulu, HI (2 grants).
Does Lucas & Lily Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Lucas & Lily Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Church Donation" (4 grants).
Who are Lucas & Lily Foundation's largest grantees?
Lucas & Lily Foundation's largest 2025 grantees include Vietbay ($2,000), Hawaii Food Bank ($300) and Hawaii community foundation ($300), according to its 2025 IRS Form 990-PF. Together they received 68% of its itemized 2025 grant dollars.
How large is Lucas & Lily Foundation?
Lucas & Lily Foundation reported $98K in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
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 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 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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