L B Lane Family Foundation Inc

Organization Overview

L B Lane Family Foundation Inc is located in Hickory, NC. The organization was established in 1989. 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. L B Lane Family Foundation Inc 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 12/2021, L B Lane Family Foundation Inc generated $77.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $102.3k during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 4 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 2020, L B Lane Family Foundation Inc has awarded 110 individual grants totaling $391,700. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $578
Dividends & Interest $49,834
Net Rental Income$0
Net Gain on Sale of Assets $26,830
Capital Gain Net Income $26,830
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $77,242

Grants Awarded

Over the last fiscal year, L B Lane Family Foundation Inc has awarded $130,700 in support to 36 organizations.

Grant RecipientAmount

YMCA OF CATAWBA VALLEY

Org PageRecipient Profile

Hickory, NC

PURPOSE: BUILDING CAMPAIGN

$10,000

APPALACHIAN STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Boone, NC

PURPOSE: FURNITURE DESIGN PROGRAM

$8,000

SD PUBLIC BROADCASTING

PURPOSE: CAPITAL CAMPAIGN

$7,500

CATAWBA SCIENCE CENTER

Org PageRecipient Profile

Hickory, NC

PURPOSE: SCHOLARSHIP FUND

$7,000

WESTERN SD SENIOR SERVICES

PURPOSE: GENERAL OPERATING FUND

$5,500

FEEDING SOUTH DAKOTA

PURPOSE: GENERAL OPERATING FUND

$5,000
View Grant Profile

Peer Organizations

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