Minnie & Bernard Lane Foundation

Organization Overview

Minnie & Bernard Lane Foundation is located in Altavista, VA. The organization was established in 1959. 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. Minnie & Bernard 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 03/2022, Minnie & Bernard Lane Foundation generated $327.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $348.9k during the year ending 03/2022. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Minnie & Bernard Lane Foundation has awarded 415 individual grants totaling $1,919,011. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Douglas Lane
Trustee
$0
Rick Lane
Trustee
$0
Lucy Lane Corwin
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $82
Dividends & Interest $70,163
Net Rental Income$0
Net Gain on Sale of Assets $257,522
Capital Gain Net Income $257,522
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $327,767

Grants Awarded

Over the last fiscal year, Minnie & Bernard Lane Foundation has awarded $319,250 in support to 67 organizations.

Grant RecipientAmount

PREGNANCY CARE CENTER OF CATAWBA VALLEY

Org PageRecipient Profile

Hickory, NC

PURPOSE: MINISTRY TO FAMILIES

$50,000

ALTAVISTA AREA YMCA

PURPOSE: GENERAL FUNDING FOR COMMUNITY SERVICE

$50,000

ANTIOCH PARTNERS

PURPOSE: SUPPORT FOR LONG-TERM CROSS-CULTURAL MINISTRY

$31,000

CHRYSALIS INTERNATIONAL INC

PURPOSE: MISSION TO DISCIPLE NATIONS THROUGH CHRISTIAN EDUCATION

$25,000

JAMES RIVER ASSOCIATION

Org PageRecipient Profile

Richmond, VA

PURPOSE: PROTECTING & RESTORING HEALTH OF JAMES RIVER & CONNECTING COMMUNITIES

$15,000

CORNERSTONE COUNSELING

Org PageRecipient Profile

Hickory, NC

PURPOSE: COUNSELING

$10,000
View Grant Profile

Peer Organizations

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