Lucky Star Foundation
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.
Key facts about Lucky Star Foundation
- EIN
- 82-3822970
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $20,500
- Grants made (2024)
- 3
- Average grant
- $6,833
- Median grant
- $7,000
- Total assets
- $438,381
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lucky Star Foundation funds
By grant dollars, the top recipient states for Lucky Star Foundation's 3 itemized 2024 grants were Texas (100%). None of its 3 grants with a stated purpose were described as general or operating support.
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.
Next steps with Lucky Star Foundation
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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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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 |
| Morning Star Ranch Dublin, TX | Utility Trailer | $7,000 |
| Lingleville ISD PTO Lingleville, TX | Echos Program | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.