The Lucas Brothers Foundation
The Lucas Brothers Foundation is a private foundation, based in SAN JOSE, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $39.9M in total assets. In 2024, it awarded 5 grants totaling $1.7M. Net investment income was $960K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$39.9M
+15.2% YoY
Annual Giving
$1.7M
+39.8% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$342K
-16.1% YoY
Under IRS private-foundation payout rules, The Lucas Brothers Foundation reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.
About The Lucas Brothers Foundation
Based on IRS filings
The Lucas Brothers Foundation is a private foundation, based in SAN JOSE, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $39.9M in total assets. In 2024, it awarded 5 grants totaling $1.7M. Net investment income was $960K.
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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 | $39,854,646 | $34,605,037 | $28,873,059 |
| Revenue | $1,253,186 | $94,084 | $831,061 |
| Expenses | $2,026,512 | $1,582,786 | $1,181,556 |
| Qualifying Distributions | $1,712,000 | $1,225,000 | $750,000 |
| Net Investment Income | $960,061 | $174,989 | $242,486 |
| Distributable Amount | $1,823,666 | $1,539,019 | $1,485,273 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Myriel Inc Co Karen Ashe ($1,000,000), Santa Clara University ($300,000), House of Hope for Costa Rica ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Santa Clara University Santa Clara, CA | study and promotion of applied venture Ethics | $300,000 |
| THE PENINSULA COLLEGE FUND MILPITAS, CA | Funds to help 15 first generation college students emergency funds for students facing financial hardship. | $162,000 |
| SCU College of Arts Science SANTA CLARA, CA | IN MEMORY OF MARIO | $50,000 |
| HOUSE OF HOPE FOR COSTA RICA SALT LAKE CITY, UT | HUMANITY | $200,000 |
| MYRIEL INC CO KAREN ASHE SAINT PAUL, MN | Alzheimer research | $1,000,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN SHOVEN | DIRECTOR | — | — |
| ERIC BALL | DIRECTOR | — | — |
| PAUL JOAS | DIRECTOR | — | — |
| chRISTOPHER B LUCAS | DIRECTOR | — | — |
| ALEXANDRA L Ertola | CHAIRMAN | — | — |
| Mark Lucas | Director | — | — |
| Melissa Findley | Secretary | — | — |
Frequently Asked Questions
How large is The Lucas Brothers Foundation?
As of 2024, The Lucas Brothers Foundation holds $39.9M in total assets with $1.3M in annual revenue. It awarded 5 grants totaling $1.7M in 2024.
Where does The Lucas Brothers Foundation operate?
The Lucas Brothers Foundation has awarded grants in California, Minnesota, Utah.
What size grants does The Lucas Brothers Foundation award?
In 2024, The Lucas Brothers Foundation awarded 5 grants totaling $1.7M — an average of about $342K per grant, based on its IRS Form 990 filings.
How much is The Lucas Brothers Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lucas Brothers Foundation reported a distributable amount of $1.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Lucas Brothers Foundation's EIN?
The Lucas Brothers Foundation's EIN (Employer Identification Number) is 94-2781117. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Lucas Brothers Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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