Edward H Lane Foundation
Edward H Lane Foundation is a private foundation, based in Hardy, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $418K in total assets. In 2024, it awarded 12 grants totaling $96K. Net investment income was $36K.
Key facts about Edward H Lane Foundation
- EIN
- 54-6040095
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $96,000
- Grants made (2024)
- 12
- Average grant
- $8,000
- Median grant
- $5,000
- New grantees (estimate)
- 58% first-time grantees (7 of 12, 2024)
- Total assets
- $418,213
- Primary geography
- Virginia (74% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Edward H Lane Foundation funds
By grant dollars, the top recipient states for Edward H Lane Foundation's 12 itemized 2024 grants were Virginia (74%), Kentucky (18%) and Texas (5%). The most frequent recipient cities were Altavista, VA (3 grants) and Lexington, KY (2 grants). 33% of grants with a stated purpose were for general or operating support.
Is Edward H Lane Foundation open to new grantees?
58%
first-time grantees, 2024
In 2024, 7 of 12 grantees (58%) were first-time recipients. First grants averaged $6K; repeat grants $10K. How we count
Medians: $5K first-time, $5K repeat.
- 33% of 2024 grantees were also funded in 2023. Method
- Giving grew 45% from 2021 to 2024. Method
- In 2024 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$418K
-18.5% YoY
Annual Giving
$96K
+10.3% YoY
Grant Count
12
+20.0% YoY
Avg Grant Size
$8K
-8.0% YoY
Under IRS private-foundation payout rules, Edward H Lane Foundation reported a distributable amount of $88K for 2024 — the minimum it must pay out in qualifying distributions.
About Edward H Lane Foundation
Based on IRS filings
Edward H Lane Foundation is a private foundation, based in Hardy, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $418K in total assets. In 2024, it awarded 12 grants totaling $96K. Net investment income was $36K.
Ready to take the next step with Edward H Lane Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $418,213 | $513,224 | $565,199 |
| Revenue | $3,502 | $37,118 | $37,992 |
| Expenses | $98,517 | $89,989 | $87,859 |
| Qualifying Distributions | $96,000 | $87,000 | $85,000 |
| Net Investment Income | $36,174 | $35,742 | $35,547 |
| Distributable Amount | $87,667 | $80,901 | $84,457 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Avoca Museum ($26,000), The Generals Redoubt ($15,000), Kentucky Children's Hospital ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Avoca Museum Altavista, VA | $5,000 to Supplemental Exec & Research Staff Suppport$5,000 to General Expenses and New Building Project Fund$16,000 to 1 Million Dollar Virginia Challenge Grant or General Use | $26,000 |
| The Generals Redoubt Lexington, VA | Unrestricted | $15,000 |
| Kentucky Children's Hospital Lexington, KY | Inherited Cancer Program | $12,000 |
| Stone Ridge Foundation Altavista, VA | Flying Star House or Greater Need | $10,000 |
| Randolph Macon Academy Front Royal, VA | John H. Lane Memorial Scholarship | $5,000 |
| Blue Grass Farms Charities Lexington, KY | General Fund | $5,000 |
| The Antioch Partners Houston, TX | Thelogical Teaching and Writing | $5,000 |
| Ferrum University Ferrum, VA | Vaughn Chapel & Windows Restoration | $5,000 |
| DAWN Altavista, VA | New Building Construction and General Use | $5,000 |
| Liberty University Lynchburg, VA | Scholarship of Helps School of Gov't PhD Candidate Andy Langeland's Virginia Manumission Research and Publication to Internet Database | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| W R Lane | Trustee | 0.01 | — |
| John E Lane III | Trustee | 0.25 | — |
| Edward H Lane III | Trustee | 0.01 | — |
Frequently Asked Questions
How large is Edward H Lane Foundation?
As of 2024, Edward H Lane Foundation holds $418K in total assets with $4K in annual revenue. It awarded 12 grants totaling $96K in 2024.
Where does Edward H Lane Foundation operate?
Edward H Lane Foundation has awarded grants in Arizona, District of Columbia, Kentucky, Massachusetts, North Carolina, New Jersey, Texas, Virginia.
What size grants does Edward H Lane Foundation award?
In 2024, Edward H Lane Foundation awarded 12 grants totaling $96K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Edward H Lane Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edward H Lane Foundation reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Edward H Lane Foundation's EIN?
Edward H Lane Foundation's EIN (Employer Identification Number) is 54-6040095. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.