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.
Key facts about Bang-woel Lu Foundation
- EIN
- 22-2810634
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $38,646
- Grants made (2024)
- 22
- Average grant
- $1,757
- Median grant
- $1,000
- Total assets
- $199,426
- Primary geography
- Massachusetts (56% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Bang-woel Lu Foundation funds
By grant dollars, the top recipient states for Bang-woel Lu Foundation's 22 itemized 2024 grants were Massachusetts (56%), Missouri (27%) and New York (8%). The most frequent recipient cities were Boston, MA (6 grants), Newton, MA (2 grants), New York, NY (2 grants) and Weston, MA (2 grants). None of its 22 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (21 grants).
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.
Ready to take the next step with Bang-woel Lu Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 22 itemized 2024 grant dollars.
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 recipients include Pkd Foundation ($10,521), Umass Foundation ($10,358), The Greater Boston Food Bank ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PKD FOUNDATION KANSAS CITY, MO | CHARITABLE | $10,521 |
| UMASS FOUNDATION NEWTON, MA | CHARITABLE | $10,358 |
| THE GREATER BOSTON FOOD BANK BOSTON, MA | CHARITABLE | $2,000 |
| BAYLOR COLLEGE OF MEDICINE HOUSTON, TX | CHARITABLE | $1,000 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | CHARITABLE | $1,000 |
| FOUNDATION FOR CHINESE PERFORMING ARTS LINCOLN, MA | CHARITABLE | $1,000 |
| PERKINGS SCHOOL FOR THE BLIND LAFAYETTE, CA | EDUCATIONAL | $1,000 |
| PINE STREET INN BOSTON, MA | CHARITABLE | $1,000 |
| PLAN INTERNATIONAL USA PROVIDENCE, RI | CHARITABLE | $1,000 |
| ROSIES PLACE BOSTON, MA | CHARITABLE | $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
Similar Funders
Funders that support many of the same organizations
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
The Pfizer Foundation Inc
NEW YORK, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Gs Donor Advised Philanthropy Fund
NEW YORK, NY
Assets
$12.7B
Grants
7,424
Total Given
$3.0B
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Aetna Foundation Inc
HARTFORD, CT
Assets
$16.6M
Grants
65
Total Given
$7.2M
Boston Foundation Inc
BOSTON, MA
Assets
$1.9B
Grants
2,046
Total Given
$169.9M
Shell Usa Company Foundation
HOUSTON, TX
Assets
$52.3M
Grants
4,650
Total Given
$16.0M
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$485.8M
Grants
14,494
Total Given
$556.0M
Ge Aerospace Foundation
NORWALK, CT
Assets
$22.5M
Grants
2,467
Total Given
$15.3M
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
More Funders in Massachusetts
Data last updated April 2026. Sourced from IRS Form 990-PF filings.