Bang-woel Lu Foundation
Bang-woel Lu Foundation is a private foundation, based in WESTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $199K in total assets. In 2024, it awarded 22 grants totaling $39K. Net investment income was $25K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$199K
+3.5% YoY
Annual Giving
$39K
+63.0% YoY
Grant Count
22
+4.8% YoY
Avg Grant Size
$2K
+55.6% YoY
Under IRS private-foundation payout rules, Bang-woel Lu Foundation reported a distributable amount of $31K for 2024 — the minimum it must pay out in qualifying distributions.
About Bang-woel Lu Foundation
Based on IRS filings
Bang-woel Lu Foundation is a private foundation, based in WESTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $199K in total assets. In 2024, it awarded 22 grants totaling $39K. Net investment income was $25K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $199,426 | $192,663 | $196,081 |
| Revenue | $28,937 | $15,340 | $27,447 |
| Expenses | $44,164 | $28,783 | $22,127 |
| Qualifying Distributions | $38,646 | $23,706 | $15,800 |
| Net Investment Income | $25,112 | $11,344 | $11,298 |
| Distributable Amount | $30,970 | $25,836 | $24,525 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
101 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pkd Foundation ($10,521), Umass Foundation ($10,358), The Greater Boston Food Bank ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BAYLOR COLLEGE OF MEDICINE HOUSTON, TX | CHARITABLE | $1,000 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | CHARITABLE | $1,000 |
| FIG CITY NEWS AUBURNDALE, MA | CHARITABLE | $500 |
| FOUNDATION FOR CHINESE PERFORMING ARTS LINCOLN, MA | CHARITABLE | $1,000 |
| FRIENDS OF WESTON COUNCIL ON AGING WESTON, MA | CHARITABLE | $500 |
| FRIENDS OF WESTON LIBRARY INCORPORATED WESTON, MA | CHARITABLE | $500 |
| GBCCA WEST NEWTON, MA | CHARITABLE | $900 |
| HUAXIN SCHOOL OF ARTS NEWTON, MA | CHARITABLE | $867 |
| MASS GENERAL HOSPITAL BOSTON, MA | CHARITABLE | $500 |
| PERKINGS SCHOOL FOR THE BLIND LAFAYETTE, CA | EDUCATIONAL | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RENNE CHEN LU | TRUSTEE | 0.25 | — |
| EMILY C LU | TRUSTEE | 0.25 | — |
| ERIC LU | TRUSTEE | 0.25 | — |
Frequently Asked Questions
How large is Bang-woel Lu Foundation?
As of 2024, Bang-woel Lu Foundation holds $199K in total assets with $29K in annual revenue. It awarded 22 grants totaling $39K in 2024.
Where does Bang-woel Lu Foundation operate?
Bang-woel Lu Foundation has awarded grants in California, Connecticut, Florida, Massachusetts, Missouri, New York, Rhode Island, Texas.
What size grants does Bang-woel Lu Foundation award?
In 2024, Bang-woel Lu Foundation awarded 22 grants totaling $39K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Bang-woel Lu Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bang-woel Lu Foundation reported a distributable amount of $31K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bang-woel Lu Foundation's EIN?
Bang-woel Lu Foundation's EIN (Employer Identification Number) is 22-2810634. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bang-woel Lu Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.