The Lu Family Foundation is a private grantmaking foundation based in Plano, Texas. Established in 2002, it operates as a 501(c)(3) organization and maintains a focus on philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.3M
+23.3% YoY
Annual Giving
$2.2M
+144.3% YoY
Grant Count
17
+6.3% YoY
Avg Grant Size
$130K
+129.9% YoY
Under IRS private-foundation payout rules, The Lu Family Foundation reported a distributable amount of $647K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation has not publicly provided a formal mission statement. However, based on its grantmaking activity, primary funding areas include:
- Education
- Science and STEM education
- Human Services
- Philanthropy and Voluntarism
Grantmaking
Grant Range
& Frequency:**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Texas
- Virginia
- Pennsylvania
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $9,276,350
- Total Revenues: $11,285,982
- Total Expenses: $2,259,464
- Total Giving: $2,206,000
Revenue Composition (2024):
- Grants and contributions: $8,634,227
- Investment income and dividends: $306,252
- Net gain from sale of non-inventory assets: $2,345,503
Staffing:
- Zero employees (operates as a foundation without staff)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,276,350 | $7,522,648 | $4,337,654 |
| Revenue | $11,285,982 | $5,355,290 | $3,043,957 |
| Expenses | $2,259,464 | $942,115 | $765,367 |
| Qualifying Distributions | $2,206,000 | $902,994 | $760,700 |
| Net Investment Income | $2,651,755 | $3,512,890 | $2,424,433 |
| Distributable Amount | $646,915 | $535,056 | $445,531 |
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
75 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Family First Network ($1,000,000), Dts Foundation ($700,000), Texas Tech Foundation ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHRISTIAN CREATIVE COMMUNICATION CE PLANO, TX | GENERAL SUPPORT | $13,000 |
| CHINESE CHRISTIAN FELLOWSHIP INT'L PLANO, TX | GENERAL SUPPORT | $20,000 |
| BCM INTERNATIONAL Lancaster, PA | GENERAL SUPPORT | $20,000 |
| Church Ministries International Plano, TX | GENERAL SUPPORT | $10,000 |
| FORMOSAN CHRISTIAN CHURCH OF DALLAS PLANO, TX | GENERAL SUPPORT | $59,000 |
| GOOD NEWS CHRISTIAN FELLOWSHIP CHUR RICHARDSON, TX | GENERAL SUPPORT | $10,000 |
| LITTLE SHEPHERD FOUNDATION RICHARDSON, TX | GENERAL PURPOSE | $17,000 |
| TEXAS TECH FOUNDATION LUBBOCK, TX | GENERAL PURPOSE | $150,000 |
| NCKU TEXAS PLANO, TX | GENERAL PURPOSE | $4,000 |
| DISABLED AMERICAN VETERANS CINCINNATI, OH | GENERAL PURPOSE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALICE LU | Secretary | 0.5 | — |
| DAVID LU | Treasurer | 0.5 | — |
| OAN-YU LU | Vice Pres | 0.5 | — |
| KEH-SHEW LU | President | 0.5 | — |
Contact Information
Address: 5109 Runnin River Dr Plano, TX 75093
EIN: 75-2953588
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Lu Family Foundation fund?
The foundation has not publicly provided a formal mission statement. However, based on its grantmaking activity, primary funding areas include: • Education • Science and STEM education • Human Services • Philanthropy and Voluntarism
How do I apply for a grant from The Lu Family Foundation?
**Grant Size & Frequency:** • Typical grant awards range from $1,000 to $1,000,000 • Recent grantmaking shows six grants made in 2024 **Recent Grants (2024):** • Texas Tech Foundation: $150,000 (General Purpose) • Formosan Christian Church of Dallas: $59,000 (General Support) • BCM International: $20,000 (General Support) • Additional grants to Bullis-Purissima Elementary School and other organizations **Total Giving:** • 2024: $2,206,000 • 2023: Approximately $1.8 million in contributions
Where does The Lu Family Foundation make grants?
The foundation primarily funds organizations in: • Texas • Virginia • Pennsylvania
What size grants does The Lu Family Foundation award?
In 2024, The Lu Family Foundation awarded 17 grants totaling $2.2M — an average of about $130K per grant, based on its IRS Form 990 filings.
How much is The Lu Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lu Family Foundation reported a distributable amount of $647K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Lu Family Foundation's EIN?
The Lu Family Foundation's EIN (Employer Identification Number) is 75-2953588. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in The Lu Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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