Lucky Star Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$438K
-2.0% YoY
Annual Giving
$21K
-18.0% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$7K
-72.7% YoY
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.
About Lucky Star Foundation
Based on IRS filings
Lucky Star Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
Ready to take the next step with Lucky Star Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $438,381 | $447,221 | $463,318 |
| Revenue | $12,298 | $9,914 | $781 |
| Expenses | $21,138 | $26,011 | $38,117 |
| Qualifying Distributions | $20,500 | $25,000 | $37,500 |
| Net Investment Income | $12,298 | $9,914 | $781 |
| Distributable Amount | $21,637 | $22,689 | $24,559 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include White Horse Christian Academy ($10,000), Morning Star Ranch ($7,000), Lingleville ISD PTO ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| White Horse Christian Academy Stephenville, TX | $5,000 Building Fund$5,000 Scholarship | $10,000 |
| Lingleville ISD PTO Lingleville, TX | Echos Program | $3,500 |
| Morning Star Ranch Dublin, TX | Utility Trailer | $7,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| James R Salter | President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lucky Star Foundation?
Lucky Star Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALO PINTO, TX. It holds $438K in total assets as of 2024.
How large is Lucky Star Foundation?
As of 2024, Lucky Star Foundation holds $438K in total assets with $12K in annual revenue. It awarded 3 grants totaling $21K in 2024.
Where does Lucky Star Foundation operate?
Lucky Star Foundation has awarded grants in Texas.
What size grants does Lucky Star Foundation award?
In 2024, Lucky Star Foundation awarded 3 grants totaling $21K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Lucky Star Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lucky Star Foundation reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Lucky Star Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Terrell Foundation
STEPHENVILLE, TX
Assets
$915K
Grants
22
Total Given
$51K
Stewart Cellers Foundationinc
UPTON, WY
Assets
$1.9M
Grants
37
Total Given
$89K
Jim G Hetherly Foundation
BRYAN, TX
Assets
—
Grants
9
Total Given
$56K
The Greta Godley Memorial Foundation
PONTE VEDRA BEACH, FL
Assets
$3.2M
Grants
19
Total Given
$155K
Texas Higher Education Foundation
AUSTIN, TX
Assets
$4.6M
Grants
23
Total Given
$467K
Glaser Family Charitable Foundation
BONHAM, TX
Assets
$986K
Grants
55
Total Given
$88K
Texas Newspaper Foundation
AUSTIN, TX
Assets
$216K
Grants
1
Total Given
$20K
Jwc Family Foundation
FORT WORTH, TX
Assets
$1.1M
Grants
9
Total Given
$83K
Benjamin & Roberta Russell
ALEXANDER CITY, AL
Assets
$14.0M
Grants
30
Total Given
$864K
The Buddy Bostick Foundation
WACO, TX
Assets
$12.4M
Grants
50
Total Given
$494K
The Robert A Welch Foundation
HOUSTON, TX
Assets
$619.0M
Grants
64
Total Given
$39.3M
The McConnell Foundation
REDDING, CA
Assets
$434.9M
Grants
129
Total Given
$11.6M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Lucky Star Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities