Welborn-Payne Endowment Trust
The Welborn-Payne Endowment Trust is a private foundation based in Lubbock, Texas. Its 2025 filing lists Prosperity Bank as trustee, and its 2025 grants went entirely to recipients in Texas.
Welborn-Payne Endowment Trust at a glance
In short: Welborn-Payne Endowment Trust gave $2.8M across 26 grants in 2025 (avg $109K), mostly in Texas. 32% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,834,370
- +54.8% vs 2024
- Grants made (2025)
- 26
- +36.8% vs 2024
- Average grant
- $109,014
- +13.1% vs 2024
- Median grant
- $107,500
- Total assets
- $68,813,365
- -7.1% vs 2024
- New grantees (estimate)
- 32% first-time grantees (8 of 25, 2025)
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Welborn-Payne Endowment Trust
- Review Cycle
- January 31
- Deadline
- January 31
- Contact
Application contact: Prosperity Bank Trust Department At
Mailing address: 1401 Ave Q, Lubbock, TX 79401
Phone: (806) 741-2174
Email: troy.harrison@prosperitybankusa.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Welborn-Payne Endowment Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Lubbock Dream Center ($300K). Together the top 10 received $1.8M.
Organizations only. It also paid 1 individual scholarship ($86,662), which are not listed by name.
Grant Size Distribution
100 grants across all recorded years
The most common grant size was in the $100–250K range: 42 grants of 100 (42%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Texas. The listed 2025 grantees are based in Lubbock.
Grant Distribution by State
Share of 2025 grant dollars across all 26 itemized grants.
Cities
Is Welborn-Payne Endowment Trust open to new grantees?
32%
first-time grantees, 2025
In 2025, 8 of 25 grantees (32%) were first-time recipients. First grants averaged $116K; repeat grants $107K. How we count
Medians: $86K first-time, $115K repeat.
- 64% of 2025 grantees were also funded in 2024. Method
- Giving grew 59% from 2022 to 2025. Method
- In 2025 it paid out 74% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $1.4M (2020) to $2.8M (2025). In 2025 it made 26 grants totaling $2.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lubbock Dream Center Lubbock, TX | To provide funds for expansion project and support family food pantry | $300,000 |
| First United Methodist Church Lubbock, TX | To Support the Mission of the Methodist Church | $227,937 |
| One Voice Home Lubbock, TX | To Provide Funds to Support Mission | $210,000 |
| South Plains Food Bank Lubbock, TX | Assist the Hungry | $200,000 |
| The City Church Lubbock, TX | To provide funds for the expansion of their building | $200,000 |
| Lubbock Public Media Lubbock, TX | To support the growth of classical music in lubbock | $150,000 |
| Texas Tech Foundation Lubbock, TX | To Fund Public Broadcasting Station KTTZ-FM | $150,000 |
| The Wesley at Texas Tech University Lubbock, TX | To assist with raising the next generation of christian leaders | $150,000 |
| The Salvation Army Lubbock, TX | To provide funds to help satisfy human needs, and provide disaster support. | $131,000 |
| Texas Girls and Boys Ranch Foundation Lubbock, TX | Foster Children | $126,511 |
Ready to take the next step with Welborn-Payne Endowment Trust?
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 | $68,813,365 | $6,549,456 | $3,426,701 | $2,834,370 | 26 | $2,996,650 | $5,715,648 | $4,029,943 |
| 2024 | $74,083,578 | $39,161,277 | $2,264,826 | $1,831,020 | 19 | $1,925,172 | $4,613,708 | $2,634,364 |
| 2023 | $37,187,127 | $2,249,343 | $1,951,794 | $1,521,737 | 19 | $1,584,571 | $1,785,853 | $1,612,210 |
| 2022 | $36,889,578 | $2,483,681 | $2,226,354 | $1,777,675 | 17 | $1,841,843 | $1,844,690 | $1,582,505 |
| 2021 | $36,632,251 | $4,694,408 | $1,780,401 | $1,494,139 | 19 | $1,565,006 | $4,288,663 | $1,850,753 |
| 2020 | $33,718,244 | $2,312,111 | $1,664,176 | $1,443,253 | 19 | — | $1,881,610 | $1,554,658 |
| 2019 | $33,044,339 | $2,005,469 | $1,781,080 | $1,459,176 | 16 | — | $1,742,752 | $1,519,316 |
Under IRS private-foundation payout rules, Welborn-Payne Endowment Trust reported a distributable amount of $4.0M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the trust is provided. Its 2025 grants included support for a range of organizations. For example, Lubbock Dream Center says it works toward social and spiritual transformation by meeting basic needs and building relationships; One Voice Home says it provides a safe home for sexually exploited girls; and South Plains Food Bank says it secures, grows, processes, and distributes food to charitable organizations and people in need.
Other 2025 recipients include Ballet Lubbock, whose stated mission is to enhance the community through dance training, performances, and outreach, and Lubbock Meals on Wheels, which says it provides home-delivered meals and friendly contact to people who are homebound, elderly, or disabled.
Grantmaking
In 2025, the trust reported 26 grants totaling $2,834,370. Awards ranged from $9,000 to $300,000, with a median grant of $107,500. The largest listed grants included $300,000 to Lubbock Dream Center for an expansion project and family food pantry; $227,937 to First United Methodist Church to support the Methodist Church’s mission; $210,000 to One Voice Home to support its mission; and $200,000 each to South Plains Food Bank to assist the hungry and The City Church for a building expansion.
The 2025 filing says the foundation does not restrict giving to preselected organizations. Applications are directed to the Prosperity Bank Trust Department. The requested materials include a one-page application with organization name, address, and contact information; a statement explaining the request; and a project description of no more than five pages covering the organization’s background, proposed project, sustainability, maintenance where applicable, and evaluation plan. Applicants are also asked for a budget covering use of funds, total project cost, other funding sources, pending applications, and whether they file Form 990. Required attachments include the IRS tax-exemption letter, board members’ occupations and community affiliations, key staff qualifications, a project or program timeline, and the first two pages of the organization’s most recent Form 990.
The filing states that grants will not be made to individuals, non-government political organizations, organizations that try to influence legislation, organizations that do not meet the stated tax-exemption qualifications, or any person or entity whose grant would cause a taxable expenditure under the Internal Revenue Code.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Prosperity Bank as trustee.
Welborn-Payne Endowment Trust's only listed officer is Prosperity Bank, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Prosperity Bank
Trustee
On filings since 2019
20 hrs/week
$113K (2019) → $312K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $312K, to Prosperity Bank (Trustee).
Frequently asked questions about Welborn-Payne Endowment Trust
How much does Welborn-Payne Endowment Trust give each year?
Welborn-Payne Endowment Trust gave $2.8M across 26 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.8M across 19 grants.
What is Welborn-Payne Endowment Trust's typical grant size?
Welborn-Payne Endowment Trust's median grant in 2025 was $107,500, and its average grant was $109,014, across 26 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Welborn-Payne Endowment Trust that year got $116K on average.
Where does Welborn-Payne Endowment Trust give grants?
Welborn-Payne Endowment Trust gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lubbock, TX (24 grants).
Does Welborn-Payne Endowment Trust give general operating support?
Not in 2025: none of the 26 grants with a stated purpose on Welborn-Payne Endowment Trust's 2025 IRS Form 990-PF were described as general or operating support.
Who are Welborn-Payne Endowment Trust's largest grantees?
Welborn-Payne Endowment Trust's largest 2025 grantees include Lubbock Dream Center ($300,000), First United Methodist Church ($227,937) and One Voice Home ($210,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($86,662), which are not listed by name. Together they received 26% of its itemized 2025 grant dollars.
How large is Welborn-Payne Endowment Trust?
Welborn-Payne Endowment Trust reported $68.8M in total assets on its 2025 IRS Form 990-PF. It paid out $3.0M in qualifying distributions that year, against a required minimum of $4.0M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Welborn-Payne Endowment Trust fund?
No mission statement for the trust is provided. Its 2025 grants included support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from Welborn-Payne Endowment Trust?
Welborn-Payne Endowment Trust has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Welborn-Payne Endowment Trust's EIN?
Welborn-Payne Endowment Trust's EIN (Employer Identification Number) is 75-6435671. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 26, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
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Cite this profile
Grantable. (2026). Welborn-Payne Endowment Trust funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/welborn-payne-endowment-trust-morg_e934792b62a344f49490faf87ca851c6
BibTeX
@misc{grantable_756435671_2026,
author = {{Grantable}},
title = {{Welborn-Payne Endowment Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/welborn-payne-endowment-trust-morg_e934792b62a344f49490faf87ca851c6},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Welborn-Payne Endowment Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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