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Also known as: C/O PROSPERITY BANK TRUSTEE
Welborn-Payne Endowment Trust is a private trust based in LUBBOCK, TX. The foundation received its IRS ruling in 1993. The principal officer is % American State Bank Ttee. It holds total assets of $74.1M. Annual income is reported at $40.9M. According to available records, Welborn-Payne Endowment Trust has made 91 grants totaling $8M, with a median grant of $60K. The foundation has distributed between $1.4M and $3.6M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $3.6M distributed across 34 grants. Individual grants have ranged from $1K to $340K, with an average award of $88K. The foundation has supported 22 unique organizations. Grants have been distributed to organizations in Texas and Colorado. Contributions to this foundation are tax-deductible.
Welborn-Payne Endowment Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 91 grants. Its grantmaking reaches organizations primarily in TX, CO.
Welborn-Payne Endowment Trust has distributed a total of $8M across 91 grants. The median grant size is $60K, with an average of $88K. Individual grants have ranged from $1K to $340K.
Welborn-Payne Endowment Trust typically selects its grantees rather than accepting unsolicited proposals.
Welborn-Payne Endowment Trust is headquartered in LUBBOCK, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Prosperity Bank | TRUSTEE | $126K | $0 | $126K |
Total Giving
$2M
Total Assets
$37.2M
Fair Market Value
$38.2M
Net Worth
$37.2M
Grants Paid
$1.5M
Contributions
$71K
Net Investment Income
$1.8M
Distribution Amount
$1.6M
Total Grants
91
Total Giving
$8M
Average Grant
$88K
Median Grant
$60K
Unique Recipients
22
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First United Methodist ChurchTO SUPPORT THE MISSION OF THE METHODIST CHURCH | Lubbock, TX | $215K | 2023 |
| South Plains Food BankASSIST THE HUNGRY | Lubbock, TX | $200K | 2023 |
| Texas Boys Ranch FoundationFOSTER CHILDREN | Lubbock, TX | $176K | 2023 |
| Texas Tech FoundationTO FUND PUBLIC BROADCASTING STATION KTTZ-FM | Lubbock, TX | $130K | 2023 |
| The Salvation ArmyTO PROVIDE FUNDS TO HELP SATISFY HUMAN NEEDS, AND PROVIDE DISASTER SUPPORT. |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Lubbock, TX |
| $115K |
| 2023 |
| Science Spectrum IncTO FUND THE ACTIVITIES OF THE MUSEUM. | Lubbock, TX | $100K | 2023 |
| Ballet LubbockTO SUPPORT PRE-PROFESSIONAL DANCE EDUCATION AND PERFORMANCES | Lubbock, TX | $95K | 2023 |
| Lubbock Meals On WheelsTO PROVIDE MEALS FOR INDIVIDUALS | Lubbock, TX | $92K | 2023 |
| Community Health Center Of LubbockTO ASSIST WITH PROVIDING HEALTH CARE SERVICES TO THE NEEDY | Lubbock, TX | $80K | 2023 |
| Lubbock Womens ClubTO FUND SPEAKER SERIES | Lubbock, TX | $55K | 2023 |
| Casa Of The South Plains IncTO SUPPORT THE MISSION OF CASA IN RECRUITING AND TRAINING VOLUNTEERS TO SERVE AS ADVOCATES FOR ABUSED AND NEGLECTED CHILDREN | Lubbock, TX | $50K | 2023 |
| High Point VillageTO PROVIDE FUNDS FOR THE INTELLECTUALLY DISABLED. | Lubbock, TX | $50K | 2023 |
| Early Learning Centers Of LubbockTO EDUCATE AND NURTURE YOUNG CHILDREN AND THEIR FAMILIES FOR SUCCESSFUL FUTURES. | Lubbock, TX | $35K | 2023 |
| The Charles Adams Studio ProjectTO SUPPORT LOCAL ARTISTS IN LUBBOCK AND SURROUNDING AREAS | Lubbock, TX | $30K | 2023 |
| Family Counseling ServicesTO PROVIDE FUNDS FOR COUNSELING AND EDUCATIONAL SERVICES TO RESIDENTS OF WEST TEXAS | Lubbock, TX | $30K | 2023 |
| Navigators First Responder MinistryTO FUND THE MINISTRY OF SHARING THE GOSPEL OF JESUS. | Colorado Springs, CO | $28K | 2023 |
| Lubbock Area United WayTO SUPPORT THE ORGANIZATIONS ASSOCIATED WITH UNITED WAY | Lubbock, TX | $28K | 2023 |
| Lubbock Arts AllianceTO SUPPORT AND FOSTER THE CREATION, UNDERSTANDING AND ENJOYMENT OF THE ARTS | Lubbock, TX | $10K | 2023 |
| First United Methodist Church-Everliving Church TrustRELIGIOUS | Lubbock, TX | $3K | 2023 |
| The Outside In FestivalTO PROMOTE ART AND ARTISTS THROUGH NON-TRADITIONAL AVENUES OF ARTISTIC IMPRESSION. | Lubbock, TX | $10K | 2021 |
| Lubbock Christian SchoolsTO PROVIDE A GRANT TO THE SCHOOL FOR CONSTRUCTION OF A NEW CAMPUS | Lubbock, TX | $50K | 2020 |
| Building Strong Families IncTO SUPPORT THE DEVELOPMENT OF PARENTS TO LEARN PARENTAL SKILLS FOR PROVIDING THE CARE AND GUIDANCE NEEDED FOR GROWTH OF CHILDREN. | Lubbock, TX | $27K | 2020 |
HOUSTON, TX
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