The Lucas Brothers Foundation

Foundation · Grantmaker San Jose, CA EIN: 94-2781117

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.

Key facts about The Lucas Brothers Foundation

EIN: 94-2781117
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,712,000
Grants made (2024): 5
Average grant: $342,400
Median grant: $200,000
Total assets: $39,854,646
Primary geography: Minnesota (58% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Lucas Brothers Foundation funds

By grant dollars, the top recipient states for The Lucas Brothers Foundation's 5 itemized 2024 grants were Minnesota (58%), California (30%) and Utah (12%). The most frequent recipient cities were Santa Clara, CA (2 grants). None of its 5 grants with a stated purpose were described as general or operating support.

How The Lucas Brothers Foundation gives

Giving grew 756% from 2021 to 2024. Method
In 2024 it paid out 94% 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 The Lucas Brothers Foundation

How to evaluate The Lucas Brothers Foundation as a funder
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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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $1.0M (58%)

California $512K (30%)

Utah $200K (12%)

Share of all 5 itemized 2024 grant dollars.

States

California Minnesota Utah

Cities

Saint PaulSanta ClaraMilpitasMinnespolisSalt Lake City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 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 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 recipients 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
MYRIEL INC CO KAREN ASHE Saint Paul, MN	Alzheimer research	$1,000,000
Santa Clara University Santa Clara, CA	study and promotion of applied venture Ethics	$300,000
HOUSE OF HOPE FOR COSTA RICA Salt Lake City, UT	HUMANITY	$200,000
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

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
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.