Preheat oven to 350°F. In large bowl, combine Sunny Lemon Pound Cake Mix packet 1, 1 cup water and ½ cup melted butter; blend well. Do not over mix; batter will be lumpy.
Divide the mixture into 4 bowls and dye them red, green and purple. The 4th bowl will already be yellow – the color of the pound cake batter. Drop batter into a greased donut pan by tablespoonfuls, rotating colors, filling each mold 2/3 full.
Bake 20-25 minutes or until toothpick inserted in center comes out clean. Allow donuts to cool 5 minutes in pan. Transfer to cooling rack.
In small bowl, combine Sunny Lemon Pound Cake Mix packet 2 with remaining 2 tablespoons melted butter and 1 tablespoon water; whisk until smooth. Drizzle over top of donuts. Add sprinkles.