Lucky Star Foundation
Lucky Star Foundation is a private foundation, based in Palo Pinto, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $438K in total assets. In 2024, it awarded 3 grants totaling $21K. Net investment income was $12K.
Lucky Star Foundation at a glance
In short: Lucky Star Foundation gave $21K across 3 grants in 2024 (avg $7K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $20,500
- -18.0% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $6,833
- -72.7% vs 2023
- Median grant
- $7,000
- Total assets
- $438,381
- -2.0% 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 Lucky Star Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Morning Star Ranch ($7K). Together the top 2 received $11K.
Organizations only. It also paid 1 individual scholarship ($10,000), which are not listed by name.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Lucky Star Foundation gives
- Giving grew 78% from 2021 to 2024. Method
- In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $12K (2021) to $38K (2022). In 2024 it made 3 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $10,000 |
| Morning Star Ranch Dublin, TX | Utility Trailer | $7,000 |
| Lingleville ISD PTO Lingleville, TX | Echos Program | $3,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $438,381 | $12,298 | $21,138 | $20,500 | 3 | $20,500 | $12,298 | $21,637 |
| 2023 | $447,221 | $9,914 | $26,011 | $25,000 | 1 | $25,000 | $9,914 | $22,689 |
| 2022 | $463,318 | $781 | $38,117 | $37,500 | 2 | $37,500 | $781 | $24,559 |
| 2021 | $500,654 | $1,225 | $11,580 | $11,500 | 2 | $11,500 | $1,225 | $25,101 |
| 2020 | $511,009 | $4,700 | $28,796 | $27,463 | 4 | — | $4,700 | $26,266 |
Under IRS private-foundation payout rules, Lucky Star Foundation reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lucky Star Foundation is led by James R Salter, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
James R Salter
President
On filings since 2020
1 hr/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 Lucky Star Foundation
How much does Lucky Star Foundation give each year?
Lucky Star Foundation gave $21K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25K across 1 grant.
What is Lucky Star Foundation's typical grant size?
Lucky Star Foundation's median grant in 2024 was $7,000, and its average grant was $6,833, across 3 grants on its 2024 IRS Form 990-PF.
Where does Lucky Star Foundation give grants?
Lucky Star Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Lucky Star Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Lucky Star Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Lucky Star Foundation?
Lucky Star Foundation reported $438K in total assets on its 2024 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Lucky Star Foundation's EIN?
Lucky Star Foundation's EIN (Employer Identification Number) is 82-3822970. 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
Live grants for the work Lucky Star Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Lucky Star Foundation's focus areas in our free grants database
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