The base of +1 hit point or +1 skill point boon for taking a level in your favored class is available to any race. The alternative boon you can choose for taking a level in your favored class can vary by race, however.
As to the original question, most non-magic items (tools) provide a circumstance bonus. To provide a luck bonus would have to be a custom magic item. The rules for creating those are more guidelines than hard rules and are completely subject to GM say-so.
For a weapon example, there's the [url=http://www.d20pfsrd.com/magic-items/magic-weapons/specific-magic-weapons/luck-blade]Luck Blade. +2 enhancement bonus to hit and damage, and a +1 luck bonus to saving throws.