W P & Bulah Luse Foundation
The W.P. & Bulah Luse Foundation is a private independent foundation established in 1947 in Texas. Based in Dallas, the foundation was created by W.P. Luse, a self-made oil wildcatter in the early Texas oilfields, and his wife Bulah to support causes important to them during their lifetimes. The foundation is managed by Bank of America and does not maintain its own full-time staff.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.7M
+7.4% YoY
Annual Giving
$735K
+8.1% YoY
Grant Count
68
-2.9% YoY
Avg Grant Size
$11K
+11.3% YoY
Under IRS private-foundation payout rules, W P & Bulah Luse Foundation reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to support and promote quality education, human services, and health care programming for underserved populations.
The foundation's grantmaking addresses three primary program areas:
- Education — including K-12 education and graduate and professional education
- Health — including public health access and diseases and conditions
- Human Services — including community development and poverty alleviation
Grantmaking
The foundation has made 276 grants totaling $2.5 million according to available records. Annual giving has grown from $550,000 in 2020 to $1.4 million in 2022, with total giving reported at $735,000 in recent filings.
Grant Range
s and Patterns
Average Grant
** $8,000–$9,000
Review Cycle
** Twice yearly on June 1 and December 1
Grant Types
How to Apply
- **No special application form required**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports nonprofits in Texas, with particular emphasis on the Dallas area and surrounding communities. Preferred counties include Collin County, Dallas County, Denton County, Kaufman County, and Rockwall County. The foundation has also supported organizations in Houston and Fort Worth.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total assets: $13.7 million (as of most recent filing)
- Annual income: $3 million
- Annual expenses: $1.07 million
- Total revenue: $1.69 million
Asset growth has been significant, increasing from $6.8 million in 2011 to $12.7 million in 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,667,452 | $12,719,854 | $12,104,203 |
| Revenue | $2,051,373 | $1,693,877 | $342,260 |
| Expenses | $1,090,745 | $1,071,330 | $970,482 |
| Qualifying Distributions | $850,092 | $792,475 | $781,634 |
| Net Investment Income | $1,815,838 | $1,430,851 | $712,290 |
| Distributable Amount | $1,007,161 | $870,002 | $761,725 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from W P & Bulah Luse Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Frazier Revitalization Inc ($20,000), The Stewpot of First Presbyterian ($20,000), Society of St Vincent Depaul Diocesan ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DALLAS COMMUNITY LIGHTHOUSE GARLAND, TX | AFTER SCHOOL TUTORING | $10,000 |
| TEACH FOR AMERICA INC DALLAS, TX | BUILDING NEXT GENERATION OF | $10,000 |
| AGAPE CLINIC DALLAS, TX | INNOVATIVE INTEGRATED | $10,000 |
| FRAZIER REVITALIZATION INC DALLAS, TX | UNRESTRICTED GENERAL | $20,000 |
| GRANT HALLIBURTON FOUNDATION INC DALLAS, TX | SUPPORT MENTAL HEALTH | $10,000 |
| HOLY TRINITY CATHOLIC SCHOOL DALLAS, TX | SUPPORT FOOD PANTRY & MEAL | $15,000 |
| VICKERY MEADOW YOUTH DEVELOPMENT DALLAS, TX | SUCCESS AT THE SUCCESS | $10,000 |
| OUR CALLING INC DALLAS, TX | HOLISTIC APPROACH TO | $10,000 |
| WOODROW WILSON HIGH SCHOOL DALLAS, TX | SUPPORT FEEDER TEACHER | $5,000 |
| YOUTH WITH FACES DALLAS, TX | UNRESTRICTED GENERAL | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by Bank of America as trustee. Grant advisors include Karen Shuford, Daniel Kelley, and Richard Kerr.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $186,297 |
| KAREN SHUFORD - CO BOA | GRANT ADVISOR | 10 | $1,000 |
| DANIEL KELLEY - CO BOA | GRANT ADVISOR | 10 | $500 |
| RICHARD KERR-CO BOA | GRANT ADVISOR | 10 | $1,000 |
Contact Information
- Address: PO Box 653067, Dallas, TX 75265-3067
- Phone: 888-866-3275
- Website: www.bankofamerica.com/philanthropic/foundation/
- EIN: 75-6007639
Frequently Asked Questions
What does W P & Bulah Luse Foundation fund?
The foundation's mission is to support and promote quality education, human services, and health care programming for underserved populations. The foundation's grantmaking addresses three primary program areas: • **Education** — including K-12 education and graduate and professional education • **Health** — including public health access and diseases and conditions • **Human Services** — including community development and poverty alleviation
How do I apply for a grant from W P & Bulah Luse Foundation?
• **Median grant:** $10,000 • **Average grant:** $8,000–$9,000 • **Range:** $5,000–$25,000 • **Typical awards:** $5,000–$10,000 in recent years The foundation has made 276 grants totaling $2.5 million according to available records. Annual giving has grown from $550,000 in 2020 to $1.4 million in 2022, with total giving reported at $735,000 in recent filings. Program support is more common than general operating support or capital support. The majority of grants are one-year in duration. • **No…
Where does W P & Bulah Luse Foundation make grants?
The foundation primarily supports nonprofits in Texas, with particular emphasis on the Dallas area and surrounding communities. Preferred counties include Collin County, Dallas County, Denton County, Kaufman County, and Rockwall County. The foundation has also supported organizations in Houston and Fort Worth.
What size grants does W P & Bulah Luse Foundation award?
In 2024, W P & Bulah Luse Foundation awarded 68 grants totaling $735K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is W P & Bulah Luse Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, W P & Bulah Luse Foundation reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is W P & Bulah Luse Foundation's EIN?
W P & Bulah Luse Foundation's EIN (Employer Identification Number) is 75-6007639. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in W P & Bulah Luse 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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