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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 $68.8M. Annual income is reported at $27M. Total assets have grown from $26.4M in 2011 to $37.2M in 2023. 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.
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Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
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
No individual grant records are available. Visit the foundation's 990-PF filings below for detailed grantee information.