Welborn-Payne Endowment Trust
Accepts applications
Welborn-Payne Endowment Trust is a private foundation in Lubbock, Texas. In tax year 2025 it gave $2.8 million in 26 grants; the typical grant was $107,500 and the largest $300,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$2.8 million
- Number of grants26
- Typical grant$107,500
- Largest grant$300,000
- Assets$86.7 million
- New grantees39%
Giving in 2025 was up from $1.8 million the year before.
39% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $1.5 million | 19 | $38.2 million |
| 2024 | $1.8 million | 19 | $77.6 million |
| 2025 | $2.8 million | 26 | $86.7 million |
How to apply
| Contact | Prosperity Bank Trust Department at 1401 Ave Q, Lubbock, TX 79401 |
|---|---|
| Phone or email | (806) 741-2174, troy.harrison@prosperitybankusa.com |
| What to submit | One page application with name, address and contact information. A statement addressing why the grant is being requested. A description not to exceed 5 pages detailing the 1) background of the organization, 2) description of proposed project, 3) plan for sustaining project after grant funds are exhausted, 4) plan for maintenance and upkeep of building or equipment, if applicable, and 5) plan for evaluating the effectiveness of the project. Budget - 1) how requested funds will be used, 2) total cost of project, 3) other sources of funds, 4) applications pending, 5) do you file an IRS form 990. Required attachments - 1) a copy of the IRS federal tax exemption letter, 2) list of board memmers with occupation and community affiliations, 3) list of key staff with qualifications, 4) timeline for project/program completion, 5) a copy of the first two pages of the most recent IRS form 990 |
| Deadlines | January 31 |
| Restrictions | Grants will not be made to indviduals, non-government political organizations, organizations who try to influence legislation, organizations not exempt under irc section 501(c)(3) or qualify under code section 170(c)(1) or (c)(2)(b), and any person or entity that would cause such grant to be a taxable expenditure under the internal revenue code. |
What Welborn-Payne Endowment Trust funds
Where it gives
All of its grants went to recipients in Texas.
| State | Grants | Amount |
|---|---|---|
| Texas | 26 | $2.8 million |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Lubbock Dream Center | To provide funds for expansion project and support family food pantry | $300,000 |
| First United Methodist Church | To support the mission of the methodist church | $227,937 |
| One Voice Home | To provide funds to support mission | $210,000 |
| South Plains Food Bank | Assist the hungry | $200,000 |
| The City Church | To provide funds for the expansion of their building | $200,000 |
| Lubbock Public Media | To support the growth of classical music in lubbock | $150,000 |
| Texas Tech Foundation | To fund public broadcasting station kttz-fm | $150,000 |
| The Wesley at Texas Tech University | To assist with raising the next generation of christian leaders | $150,000 |
| The Salvation Army | To provide funds to help satisfy human needs, and provide disaster support. | $131,000 |
| Texas Girls and Boys Ranch Foundation | Foster children | $126,511 |
| Lubbock Womens Club | To fund speaker series | $125,000 |
| Ballet Lubbock | To support pre-professional dance education and performances | $120,000 |
| Lubbock Meals on Wheels | To provide meals for individuals | $115,000 |
| Community Health Center of Lubbock | To assist with providing health care services to the needy | $100,000 |
| All Saints Episcopal School of Lubbock | To provide funds for fencing and scholarships | $86,662 |
| Science Spectrum Inc | To fund the activities of the museum. | $83,195 |
| High Point Village | To provide funds for the intellectually disabled. | $75,000 |
| Early Learning Centers of Lubbock | To assist childcare costs to low income parents | $53,165 |
| Casa of the South Plains Inc | To support the mission of casa in recruiting and training volunteers to serve as advocates for abused and neglected children | $50,000 |
| Los Hermanos Familia | To provide funds for equipment and building updates | $45,000 |
| Lubbock Arts Alliance | To support and foster the creation, understanding and enjoyment of the arts | $40,000 |
| Lubbock Area United Way | To support the organizations associated with united way | $32,500 |
| First Responders Ministries | To provide funds for relationship enrichment, education and publications | $29,400 |
| Bridges to Life | To asset with the rehabilitation of inmates | $15,000 |
| Presbyterian Children's Home & Services | To support child and family programs in lubbock | $10,000 |
| The Lubbock Chorale | To support featured concerts for the 25-26 season | $9,000 |
Officers and trustees
- Prosperity Bank
Questions people ask
Does Welborn-Payne Endowment Trust accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: January 31.
How much does Welborn-Payne Endowment Trust give?
$2.8 million in tax year 2025, across 26 grants, with a typical grant of $107,500.
Who runs Welborn-Payne Endowment Trust?
Its 2025 filing lists Prosperity Bank (Trustee).
What does Welborn-Payne Endowment Trust fund?
Based on its grants, mainly faith communities, food and hunger and human services.