Edward H Lane Foundation
- Assets
- $565.2k
- Revenue
- $38.0k
- Investments
- $519.9k
- Employees
- 0
- Location
- Hardy, VA
- Founding
- 08/1956
- Data as of
- 11/2022
- EIN
- 54-6040095
Organization Overview
Edward H Lane Foundation is located in Hardy, VA. The organization was established in 1956. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward H Lane Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2022, Edward H Lane Foundation generated $38.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $87.9k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edward H Lane Foundation has awarded 73 individual grants totaling $475,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W R Lane Trustee | 0.01 | $0 | |
John E Lane III Trustee | 0.25 | $0 | |
Edward H Lane III Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $641 |
| Dividends & Interest | $35,327 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,024 |
| Capital Gain Net Income | $2,024 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $771 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148 |
| Total operating and administrative expenses | $2,859 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $87,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,230 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,027 |
| Total assets | $565,199 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Edward H Lane Foundation has awarded $85,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
RANDOLPH MACON ACADEMY PURPOSE: JOHN H. LANE MEMORIAL SCHOLARSHIP | $8,000 |
BLUE GRASS FARMS CHARITIES PURPOSE: GENERAL FUND | $10,000 |
LEAGUE FOR ANIMAL PROTECTION PURPOSE: UNRESTRICTED | $2,000 |
THE CONSUMER VOICE FOR QUALITY LTC PURPOSE: ELDER CAREGIVER SUPPORT | $2,000 |
PRINCETON UNIVERSITY PURPOSE: UNRESTRICTED | $28,000 |
THE SPECTATOR OF WASHINGTON LEE PURPOSE: UNRESTRICTED | $3,000 |