Lunacap Foundation Inc
Lunacap Foundation Inc is a private foundation based in New York, New York. It supports scholarships for students entering MBA programs, with its website identifying active U.S. military members, veterans, and students of Mexican descent as eligible groups.
Lunacap Foundation Inc at a glance
In short: Lunacap Foundation Inc gave $92K across 10 grants in 2024 (avg $9K), top state New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $92,000
- -38.7% vs 2023
- Grants made (2024)
- 10
- +25.0% vs 2023
- Average grant
- $9,200
- -50.9% vs 2023
- Median grant
- $10,000
- Total assets
- $5,245,225
- +0.1% vs 2023
- Primary geography
- New York (24% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Lunacap Foundation Inc
- How to Apply
-
The filing says email applications should be submitted through the foundation’s website and lists Paul Capon as the contact. It says the foundation does not restrict giving to preselected organizations and lists no restrictions on awards. The website describes an application and essay submission, and says applicants may be asked to demonstrate financial need through documentation verified by a school financial aid office.
- Review Cycle
- The filing lists May 1, 2025 for Class of 2027; this deadline has passed.
- Deadline
- The filing lists May 1, 2025 for Class of 2027; this deadline has passed.
- Contact
Application contact: Paul Capon
Mailing address: 1412 Broadway, New York, NY 10018
Phone: (917) 453-6120
Website: https://www.lunacapfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lunacap Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Columbia University Business School ($22K across 3 grants). Together the top 7 received $82K.
Organizations only. It also paid 1 individual scholarship ($10,000), which are not listed by name.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 17 grants of 18 (94%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports grant dollars distributed among recipients in New York (24%), California (22%), Massachusetts (22%), Pennsylvania (11%), and Connecticut (11%). Its listed 2024 grants also include Ironbound Boxing in New Jersey.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
How Lunacap Foundation Inc gives
- In 2024 it paid out 38% 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 2023 to 2024, annual grant giving ranged from $92K (2024) to $150K (2023). In 2024 it made 10 grants totaling $92K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of California Business School Berkeley, CA | Scholarship | $10,000 |
| University of Pennsylvania Business School Philadelphia, PA | Scholarship | $10,000 |
| Columbia University Business School New York, NY | Scholarship | $10,000 |
| Columbia University Business School New York, NY | Scholarship | $10,000 |
| Yale University New Haven, CT | Scholarship | $10,000 |
| Harvard University Business School Cambridge, MA | Scholarship | $10,000 |
| 1 individual scholarship Recipients not named | — | $10,000 |
| Stanford University Business School Standford, CA | Scholarship | $10,000 |
| Ironbound Boxing Newark, NJ | Community education and development of youths. | $10,000 |
| Columbia University Business School New York, NY | Scholarship | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $5,245,225 | $110,541 | $107,645 | $92,000 | 10 | $92,000 | $243,501 |
| 2023 | $5,242,329 | $106,792 | $164,556 | $150,000 | 8 | $150,000 | $259,878 |
Under IRS private-foundation payout rules, Lunacap Foundation Inc reported a distributable amount of $244K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated mission is to help active-duty U.S. military members, veterans, and students of Mexican descent achieve their potential through scholarships for first-year students entering top-tier MBA programs.
Its website says scholarships are one-time and need-based, and that an Executive MBA program is eligible. The 2024 filing lists scholarship grants to business schools and universities, as well as a grant to Ironbound Boxing for community education and youth development.
Grantmaking
In 2024, the foundation reported 10 grants totaling $92,000. Grants ranged from $2,000 to $10,000, with a median of $10,000. The largest grants included $10,000 each to the University of California Business School, University of Pennsylvania Business School, Columbia University Business School (two grants), Yale University, Harvard University Business School, an individual recipient Business School, Stanford University Business School, and Ironbound Boxing. The filing states scholarship purposes for the university grants and community education and youth development for the Ironbound Boxing grant.
The foundation’s website describes an annual scholarship cycle with applications accepted January 2 through March 31, rolling review from February to May, and awards announced in August or September. As of September 29, 2026, those dates for the 2026 cycle have passed; the website says applications are closed and will reopen January 2, 2026 for first-year Class of 2028 MBA candidates. Its 2024 filing separately lists a May 1, 2025 deadline for Class of 2027.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Christopher Mendez and Paul Capon as board members. The foundation’s website identifies Paul Capon and Christopher Mendez as founders.
Lunacap Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Christopher Mendez
Board Member
On filings since 2023
1 hr/week
No compensation reported
Paul Capon
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 Lunacap Foundation Inc
How much does Lunacap Foundation Inc give each year?
Lunacap Foundation Inc gave $92K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $150K across 8 grants.
What is Lunacap Foundation Inc's typical grant size?
Lunacap Foundation Inc's median grant in 2024 was $10,000, and its average grant was $9,200, across 10 grants on its 2024 IRS Form 990-PF.
Where does Lunacap Foundation Inc give grants?
Lunacap Foundation Inc's top state is New York, with 24% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (22%) and Massachusetts (22%). The most frequent recipient cities were New York, NY (3 grants).
Does Lunacap Foundation Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Lunacap Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (9 grants).
Who are Lunacap Foundation Inc's largest grantees?
Lunacap Foundation Inc's largest 2024 grantees include Columbia University Business School ($22,000 across 3 grants), University of California Business School ($10,000) and University of Pennsylvania Business School ($10,000), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($10,000), which are not listed by name. Together they received 46% of its itemized 2024 grant dollars.
How large is Lunacap Foundation Inc?
Lunacap Foundation Inc reported $5.2M in total assets on its 2024 IRS Form 990-PF. It paid out $92K in qualifying distributions that year, against a required minimum of $244K (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 does Lunacap Foundation Inc fund?
The foundation’s stated mission is to help active-duty U.S. military members, veterans, and students of Mexican descent achieve their potential through scholarships for first-year students entering top-tier MBA programs. See mission & focus areas ↑
How do I apply for a grant from Lunacap Foundation Inc?
The filing says email applications should be submitted through the foundation’s website and lists Paul Capon as the contact. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Lunacap Foundation Inc's EIN?
Lunacap Foundation Inc's EIN (Employer Identification Number) is 83-0941957. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Lunacap Foundation Inc funds
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