Luck Companies Foundation

RICHMOND, VA EIN: 54-6064982 Website

The Luck Companies Foundation is a private foundation established in 1966 and based in Richmond, Virginia. It is a 501(c)(3) tax-exempt organization that operates as the philanthropic arm of Luck Companies. The foundation supports nonprofit organizations through direct grants, matching gift programs for company associates, and strategic partnerships focused on values-based leadership and environmental stewardship.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$10.0M

+0.4% YoY

Annual Giving

$571K

-52.4% YoY

Grant Count

+20.0% YoY

Avg Grant Size

$24K

-60.4% YoY

Under IRS private-foundation payout rules, Luck Companies Foundation reported a distributable amount of $947K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission is to ignite human potential through values-based leadership and positively impact the lives of others around the world. The foundation supports work in two primary areas:

Values-Based Leadership

Development of leaders and communities through values-based leadership initiatives
Support for the InnerWill Leadership Institute, which educates, coaches, and supports individuals in transforming their lives and those of others

Environmental Stewardship

Projects that promote long-term environmental health and sustainability
Community partnerships for long-term environmental benefits

The foundation also supports initiatives in arts and culture, visual arts, education (elementary, secondary, and higher education), public affairs, leadership development, human services, youth development, and civic engagement for youth.

Grantmaking

The foundation makes grants to qualifying public charities and does not engage in significant direct charitable activity. Recent grantmaking activity includes:

Grant Range

** $3,000

Average Grant

** $23,300

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Geographic Focus

Where this funder awards grants

The foundation supports nonprofit organizations in communities with Luck Companies operations, with emphasis on:

Richmond, Virginia (primary focus)
Dallas, Texas
Washington, D.C.
Additional support in Colorado, Connecticut, Illinois, Louisiana, Mississippi, North Carolina, South Carolina, and Texas

Grant Distribution by State

Virginia $3.7M (96%)

Connecticut $60K (2%)

Georgia $26K (1%)

Florida $25K (1%)

Pennsylvania $15K (0%)

North Carolina $10K (0%)

Colorado $5K (0%)

Kentucky $5K (0%)

+11 more states

States

California Colorado Connecticut District of Columbia Florida Georgia Iowa Illinois Kentucky Minnesota Missouri North Carolina New York Pennsylvania South Carolina Tennessee Texas Virginia West Virginia

Cities

ArlingtonAshevilleAshlandAtlantaBlacksburgBlackstoneBooneBurkevilleCamdenCentennialCharlottesvilleChesterfieldChicagoClearwaterCold SpringColorado SpringsColumbiaCovingtonDallasDenver

Financial History

Multi-year comparison from IRS filings

As of 2023-2024:

Total assets: $9,966,209 (2023); $10,005,234 (2024)
Annual revenue: $801,878 (2023); $753,232 (2024)
Annual expenses: $1,337,578 (2023); $714,207 (2024)
Total liabilities: $0 (2023)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$10,005,234	$9,966,209	$10,508,953
Revenue	$753,232	$801,878	$11,849
Expenses	$714,207	$1,337,578	$1,018,208
Qualifying Distributions	$571,576	$1,220,346	$890,178
Net Investment Income	$615,435	$686,211	$179,537
Distributable Amount	$947,446	$847,011	$886,135

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

180 grants across all recorded years

Open Grants

1 open opportunity from Luck Companies Foundation

Foundation

Luck Companies Foundation Grants

LUCK COMPANIES FOUNDATION

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Community Foundation Inc ($100,000), The Community Foundation Inc ($84,500), The Community Foundation Inc ($72,500).

Recipient	Purpose	Amount
CAPITAL REGION LAND CONSERVANCY RICHMOND, VA	MATCHING GIFT-COMMUNITY	$75
COMPASSION INTERNATIONAL COLORADO SPRINGS, CO	MATCHING GIFT - COMMUNITY	$50
VMI FOUNDATION LEXINGTON, VA	MATCHING GIFT-COMMUNITY	$25
AMERICAN NATIONAL RED CROSS BOONE, IA	MATCHING GIFT-COMMUNITY	$50
BROTHER WOLF ANIMAL RESCUE ASHEVILLE, NC	MATCHING GIFT-COMMUNITY	$50
THE COMMUNITY FOUNDATION INC RICHMOND, VA	TO AID THE MISSION OF SUPPORTING THE COMMUNITY	$9,401
THE COMMUNITY FOUNDATION INC RICHMOND, VA	TO AID THE MISSION OF SUPPORTING THE COMMUNITY	$22,000
THE COMMUNITY FOUNDATION INC RICHMOND, VA	TO AID THE MISSION OF SUPPORTING THE COMMUNITY	$70,000
THE COMMUNITY FOUNDATION INC RICHMOND, VA	TO AID THE MISSION OF SUPPORTING THE COMMUNITY	$30,000
THE COMMUNITY FOUNDATION INC RICHMOND, VA	TO AID THE MISSION OF SUPPORTING THE COMMUNITY	$10,500

Leadership & Key People

Leadership team and compensation from IRS filings

Key personnel include:

Charles S. Luck IV – President and Director
Douglas D. Palmore – Secretary and Director
Wanda Ortwine – Treasurer and Director
Lisa P. Luck – Vice President and Director

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHARLES S LUCK IV	PRESIDENT AND DIRECTOR	1	—
DOUGLAS DR PALMORE	SECRETARY AND DIRECTOR	1	—
WANDA ORTWINE	TREASURER AND DIRECTOR	1	—
LISA P LUCK	VICE PRESIDENT AND DIRECTOR	1	—

Contact Information

Mailing Address: P.O. Box 29682 Richmond, VA 23242-0692

Physical Address: 515 Stone Mill Drive Manakin Sabot, VA 23103

Phone: 804-784-6300

Website: www.luckcompanies.com/foundation

Frequently Asked Questions

What does Luck Companies Foundation fund?

The foundation's mission is to ignite human potential through values-based leadership and positively impact the lives of others around the world. The foundation supports work in two primary areas: **Values-Based Leadership** • Development of leaders and communities through values-based leadership initiatives • Support for the InnerWill Leadership Institute, which educates, coaches, and supports individuals in transforming their lives and those of others **Environmental Stewardship** • Projects …

How do I apply for a grant from Luck Companies Foundation?

The foundation makes grants to qualifying public charities and does not engage in significant direct charitable activity. Recent grantmaking activity includes: • **Total giving (2023):** $1,199,346 • **Total giving (2024):** $570,551 • **Number of grants:** 38 grants annually • **Median grant size:** $3,000 • **Average grant size:** $23,300 The foundation supports matching gifts, allowing associates to direct donations to organizations of their choice, which the foundation then matches. The fou…

Where does Luck Companies Foundation make grants?

The foundation supports nonprofit organizations in communities with Luck Companies operations, with emphasis on: • Richmond, Virginia (primary focus) • Dallas, Texas • Washington, D.C. • Additional support in Colorado, Connecticut, Illinois, Louisiana, Mississippi, North Carolina, South Carolina, and Texas

What size grants does Luck Companies Foundation award?

In 2024, Luck Companies Foundation awarded 24 grants totaling $571K — an average of about $24K per grant, based on its IRS Form 990 filings.

How much is Luck Companies Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Luck Companies Foundation reported a distributable amount of $947K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.