Richard K Lane and Ruth S Lane Memorial Trust
Richard K Lane and Ruth S Lane Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 3 grants totaling $178K. Net investment income was $289K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-3.5% YoY
Annual Giving
$178K
+5.2% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$59K
+5.2% YoY
Under IRS private-foundation payout rules, Richard K Lane and Ruth S Lane Memorial Trust reported a distributable amount of $209K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard K Lane and Ruth S Lane Memorial Trust
Based on IRS filings
Richard K Lane and Ruth S Lane Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 3 grants totaling $178K. Net investment income was $289K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,226,189 | $2,307,808 | $2,106,459 |
| Revenue | $347,949 | $141,888 | $201,050 |
| Expenses | $250,213 | $241,977 | $259,479 |
| Qualifying Distributions | $189,672 | $180,221 | $179,136 |
| Net Investment Income | $288,882 | $81,919 | $139,751 |
| Distributable Amount | $208,678 | $189,238 | $171,107 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Tulsa ($88,938), First Presbyterian Church of Tulsa ($44,487), Oklahoma Medical Research Foundation ($44,469).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST PRESBYTERIAN CHURCH OF TULSA TULSA, OK | SANCTUARY LIGHTING & NEW | $44,487 |
| UNIVERSITY OF TULSA TULSA, OK | RK LANE LAW FELLOWSHIP & | $88,938 |
| OKLAHOMA MEDICAL RESEARCH FOUNDATION OKLAHOMA CITY, OK | EQUIPMENT TO HOUSE MEXICAN | $44,469 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MIDFIRST BANK | TRUSTEE | 1 | $22,075 |
| JOHN G GRAY | CO-TRUSTEE | 1 | $22,075 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard K Lane and Ruth S Lane Memorial Trust?
Richard K Lane and Ruth S Lane Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. It holds $2.2M in total assets as of 2024.
How large is Richard K Lane and Ruth S Lane Memorial Trust?
As of 2024, Richard K Lane and Ruth S Lane Memorial Trust holds $2.2M in total assets with $348K in annual revenue. It awarded 3 grants totaling $178K in 2024.
Where does Richard K Lane and Ruth S Lane Memorial Trust operate?
Richard K Lane and Ruth S Lane Memorial Trust has awarded grants in Oklahoma.
What size grants does Richard K Lane and Ruth S Lane Memorial Trust award?
In 2024, Richard K Lane and Ruth S Lane Memorial Trust awarded 3 grants totaling $178K — an average of about $59K per grant, based on its IRS Form 990 filings.
How much is Richard K Lane and Ruth S Lane Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard K Lane and Ruth S Lane Memorial Trust reported a distributable amount of $209K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard K Lane and Ruth S Lane Memorial Trust's EIN?
Richard K Lane and Ruth S Lane Memorial Trust's EIN (Employer Identification Number) is 73-6147139. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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