Luke 1034 Foundation is a private foundation focused on Religion Related, based in Cary, NC. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $165K in total assets. In 2025, it awarded 8 grants totaling $448K.
Key facts about Luke 1034 Foundation
- EIN
- 87-4564191
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $447,750
- Grants made (2025)
- 8
- Average grant
- $55,969
- Median grant
- $11,125
- Total assets
- $164,803
- Primary geography
- North Carolina (96% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated April 2026.
Who Luke 1034 Foundation funds
By grant dollars, the top recipient states for Luke 1034 Foundation's 8 itemized 2025 grants were North Carolina (96%). The most frequent recipient cities were Raleigh, NC (2 grants). None of its 8 grants with a stated purpose were described as general or operating support.
How Luke 1034 Foundation gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Luke 1034 Foundation
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$165K
-0.4% YoY
Annual Giving
$448K
+46.1% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$56K
+64.4% YoY
Under IRS private-foundation payout rules, Luke 1034 Foundation reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
About Luke 1034 Foundation
Based on IRS filings
Luke 1034 Foundation is a private foundation focused on Religion Related, based in Cary, NC. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $165K in total assets. In 2025, it awarded 8 grants totaling $448K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $164,803 | $165,489 | $272,146 |
| Revenue | $450,000 | $200,000 | $520,500 |
| Expenses | $450,686 | $306,657 | $248,354 |
| Qualifying Distributions | $447,750 | $306,446 | $246,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $8,133 | $4,075 | $6,702 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Healing Transitions ($250,000), Glenwood Family Ministries ($150,000), Fellowship House ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HEALING TRANSITIONS Raleigh, NC | ADDICTION RECOVERY ASSISTANCE | $250,000 |
| GLENWOOD FAMILY MINISTRIES Greensboro, NC | EDUCATIONAL ASSISTANCE | $150,000 |
| FELLOWSHIP HOUSE Newbury Park, CA | ADDICTION RECOVERY ASSISTANCE | $15,000 |
| THERE IS AN ANSWER INC Kipling, NC | TO PROVIDE FAMILY SVCS AND SUPPORT | $12,000 |
| TVR CHRISTIAN CAMP Plumtree, NC | TO PROVIDE PROGRAM SUPPORT | $10,250 |
| SPCA OF WAKE COUNTY Raleigh, NC | SUPPORT FOR RESCUE ANIMALS | $5,000 |
| TRAIL'S END RANCH Ekalaka, MT | TO PROVIDE PROGRAM SUPPORT | $5,000 |
| BRAYDEN DAVIS Stedman, NC | MISSION TRIP | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Phyllis B Lane | Chair | 1 | — |
| Don G Lane | Secretary | 1 | — |
| Casey E Wentz | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Luke 1034 Foundation?
Luke 1034 Foundation is a private foundation focused on Religion Related, based in Cary, NC. It holds $165K in total assets as of 2025.
How large is Luke 1034 Foundation?
As of 2025, Luke 1034 Foundation holds $165K in total assets with $450K in annual revenue. It awarded 8 grants totaling $448K in 2025.
Where does Luke 1034 Foundation operate?
Luke 1034 Foundation has awarded grants in California, Montana, North Carolina, Tennessee.
What size grants does Luke 1034 Foundation award?
In 2025, Luke 1034 Foundation awarded 8 grants totaling $448K — an average of about $56K per grant, based on its IRS Form 990 filings.
How much is Luke 1034 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Luke 1034 Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Luke 1034 Foundation's EIN?
Luke 1034 Foundation's EIN (Employer Identification Number) is 87-4564191. IRS Form 990 filing data is available on this page for 2022–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.