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Also known as: C/O PROSPERITY BANK TRUSTEE
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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. Total assets have grown from $26.4M in 2011 to $37.2M in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. 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.
Smallest Grant
$2K
Median Grant
$50K
Average Grant
$76K
Largest Grant
$245K
Based on 19 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
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. | 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 |
| High Point VillageTO PROVIDE FUNDS FOR THE INTELLECTUALLY DISABLED. | Lubbock, TX | $50K | 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 |
| Early Learning Centers Of LubbockTO EDUCATE AND NURTURE YOUNG CHILDREN AND THEIR FAMILIES FOR SUCCESSFUL FUTURES. | Lubbock, TX | $35K | 2023 |
| Family Counseling ServicesTO PROVIDE FUNDS FOR COUNSELING AND EDUCATIONAL SERVICES TO RESIDENTS OF WEST TEXAS | Lubbock, TX | $30K | 2023 |
| The Charles Adams Studio ProjectTO SUPPORT LOCAL ARTISTS IN LUBBOCK AND SURROUNDING AREAS | 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 |