Lu Foundation
Lu Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $3.1M in total assets. In 2025, it awarded 4 grants totaling $250K. Net investment income was $77K.
Lu Foundation at a glance
In short: Lu Foundation gave $250K across 4 grants in 2025 (avg $63K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $250,000
- Grants made (2025)
- 4
- Average grant
- $62,500
- Median grant
- $20,000
- Total assets
- $3,122,579
- -6.2% vs 2024
- Primary geography
- Texas (76% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lu Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Rewild ($190K). Together the top 4 received $250K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Lu Foundation gives
- In 2025 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 4 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rewild Austin, TX | Operating Budget | $190,000 |
| ASPCA New York, NY | Operating Budget | $20,000 |
| St Judes Children's Research Hospital Memphis, TN | Operating Budget | $20,000 |
| Safe Horizon New York, NY | Operating Budget | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,122,579 | $77,277 | $257,186 | $250,000 | 4 | $250,000 | $77,243 | $232,653 |
| 2024 | $3,327,954 | $3,332,712 | $112 | — | — | — | $48,659 | $102,641 |
Under IRS private-foundation payout rules, Lu Foundation reported a distributable amount of $233K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lu Foundation is led by Blair Breyer Baker, President, Secretary, Treasurer & Director since 2025 (on filings since 2024); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Blair Breyer Baker
President, Secretary, Treasurer & Director
Director → President, Secretary, Treasurer & Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Hayden Mills Baker
Director
On filings since 2024
1 hr/week
No compensation reported
Wilson B. Baker
Director
On filings since 2024
1 hr/week
No compensation reported
Contessa Mills
Director
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Nancy Mills Barnett (2024) — President, Secretary & Treasurer
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Lu Foundation
How much does Lu Foundation give each year?
Lu Foundation gave $250K across 4 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Lu Foundation's typical grant size?
Lu Foundation's median grant in 2025 was $20,000, and its average grant was $62,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Lu Foundation give grants?
Lu Foundation gives mostly in Texas: 76% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (16%) and Tennessee (8%). The most frequent recipient cities were New York, NY (2 grants).
Does Lu Foundation give general operating support?
Yes: 100% of Lu Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Lu Foundation?
Lu Foundation reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $250K in qualifying distributions that year, against a required minimum of $233K (roughly 5% of its investment assets).
What is Lu Foundation's EIN?
Lu Foundation's EIN (Employer Identification Number) is 85-0609080. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal year 2024
Explore Open Grants
Browse active grant opportunities in Lu Foundation's focus areas in our free grants database
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