Lucky Corner Foundation

SALEM, OR EIN: 84-3959129

Lucky Corner Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALEM, OR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 9 grants totaling $52K. Net investment income was $148K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.8M

+35.2% YoY

Annual Giving

$52K

+3.0% YoY

Grant Count

+28.6% YoY

Avg Grant Size

$6K

-19.9% YoY

Under IRS private-foundation payout rules, Lucky Corner Foundation reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.

About Lucky Corner Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oregon $139K (100%)

States

Oregon

Cities

Salem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,825,353	$1,350,355	$1,059,001
Revenue	$573,177	$324,351	$205,747
Expenses	$63,879	$60,253	$51,518
Qualifying Distributions	$52,163	$50,577	$25,187
Net Investment Income	$148,380	$90,241	$11,590
Distributable Amount	$69,505	$53,953	$45,133

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

24 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Capital Futbol Club ($10,000), Marion Polk Food Share ($10,000), Union Gospel Mission ($10,000).

Recipient	Purpose	Amount
CAPITAL FUTBOL CLUB SALEM, OR	TO USE SOCCER AS A TOOL TO MENTOR AND TEACH YOUTH, HELPING THEM DEVELOP THE TOOLS AND SKILLS THEY NEED TO BE SUCCESSFUL, BOTH ON AND OFF THE FIELD.	$10,000
FRIENDS OF FELINES SALEM, OR	TO PROVIDE VITAL SERVICES TO FELINES AND THEIR HUMAN COMPANIONS THROUGHOUT THE WILLAMETTE VALLEY.	$3,000
HOPE STATION COMMUNIITY SERVICES INC SALEM, OR	TO SUPPORT WORKING INIDIVIDUALS IN NEED BY PROVIDING GROCERY PRODUCTS, CLOTHING AND EDUCATIONAL CLASSES.	$5,000
MARION POLK FOOD SHARE SALEM, OR	TO BRING TOGETHER PEOPLE TO END HUNGER AND ITS ROOT CAUSES.	$10,000
SALEM PUBLIC LIBRARY FOUNDATION SALEM, OR	TO FUND ENHANCEMENT PROJECTS AND PROGRAMS AT THE SALEM PUBLIC LIBRARY AND FUND INNOVATION AND DIVERSITY STRATEGIES IN FURTHERANCE OF THE IDEAL THAT ALL RESIDENTS OF SALEM, INCLUDING MARGINALIZED AND UNDERSERVED COMMUNITIES, HAVE FREE AND EQUAL ACCESS TO SUSTAINABLE LIBRARY RESOURCES AND FACILITIES WHEREVER THEY MAY LIVE.	$3,000
UNION GOSPEL MISSION SALEM, OR	HELPING MEN, WOMEN, AND CHILDREN BREAK FREE FROM HOMELESSNESS THROUGH THE TRANSFORMING GRACE OF JESUS CHRIST.	$10,000
SMART READING OF SALEM SALEM, OR	TO PROVIDE ONE-ON-ONE READING PRACTICE AND FREE BOOKS TO KEEP, THEY DIRECTLY HELP EACH YOUNG READER AND DELIVER LONG-TERM BENEFITS STATEWIDE BY BUILDING LITERACY IN THE COMMUNITY.	$5,000
CENTER FOR HOPE AND SAFETY SALEM, OR	TO FIND NEW WAYS TO MEET THE NEEDS OF SURVIVORS OF DOMESTIC AND SEXUAL VIOLENCE IN THE COMMUNITY.	$3,000
ST FRANCIS FAMILY HOUSING SALEM, OR	TO PROVIDE TRANSITIONAL HOUSING TO FAMILIES WITH CHILDREN UNDER AGE 18 LIVING IN MARION OR POLK COUNTIES IN OREGON.	$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BRUCE DOUGLAS	PRESIDENT	1	—
SHARON DOUGLAS	SECRETARY	1	—
KELLY DOUGLAS	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lucky Corner Foundation?

Lucky Corner Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALEM, OR. It holds $1.8M in total assets as of 2024.

How large is Lucky Corner Foundation?

As of 2024, Lucky Corner Foundation holds $1.8M in total assets with $573K in annual revenue. It awarded 9 grants totaling $52K in 2024.

Where does Lucky Corner Foundation operate?

Lucky Corner Foundation has awarded grants in Oregon.

What size grants does Lucky Corner Foundation award?

In 2024, Lucky Corner Foundation awarded 9 grants totaling $52K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Lucky Corner Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lucky Corner Foundation reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.