Richard K Lane and Ruth S Lane Memorial Trust
Richard K Lane and Ruth S Lane Memorial Trust is a private foundation, based in Tulsa, OK. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.1M in total assets. In 2025, it awarded 3 grants totaling $183K. Net investment income was $173K.
Richard K Lane and Ruth S Lane Memorial Trust at a glance
In short: Richard K Lane and Ruth S Lane Memorial Trust gave $183K across 3 grants in 2025 (avg $61K), mostly in Oklahoma. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $182,581
- +2.6% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $60,860
- +2.6% vs 2024
- Median grant
- $45,645
- Total assets
- $2,089,220
- -6.2% vs 2024
- Primary geography
- Oklahoma (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Richard K Lane and Ruth S Lane Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was University of Tulsa ($91K). Together the top 3 received $183K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 10 grants of 15 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Richard K Lane and Ruth S Lane Memorial Trust gives
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $141K (2020) to $183K (2025). In 2025 it made 3 grants totaling $183K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Tulsa Tulsa, OK | RK Lane Law Fellowship & | $91,291 |
| First Presbyterian Church of Tulsa Tulsa, OK | Sanctuary Lighting & New | $45,645 |
| Oklahoma Medical Research Foundation Oklahoma City, OK | Equipment to House Mexican | $45,645 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,089,220 | $276,817 | $304,512 | $182,581 | 3 | $195,430 | $172,534 | $216,812 |
| 2024 | $2,226,189 | $347,949 | $250,213 | $177,894 | 3 | $189,672 | $288,882 | $208,678 |
| 2023 | $2,307,808 | $141,888 | $241,977 | $169,164 | 3 | $180,221 | $81,919 | $189,238 |
| 2022 | $2,106,459 | $201,050 | $259,479 | $166,471 | 3 | $179,136 | $139,751 | $171,107 |
| 2021 | $2,112,642 | $203,841 | $213,121 | $146,964 | 3 | $157,414 | $150,918 | $188,045 |
| 2020 | $2,187,286 | $78,409 | $197,467 | $141,332 | 3 | — | $30,593 | $154,375 |
Under IRS private-foundation payout rules, Richard K Lane and Ruth S Lane Memorial Trust reported a distributable amount of $217K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard K Lane and Ruth S Lane Memorial Trust's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Midfirst Bank
Trustee
On filings since 2020
1 hr/week
$17K (2020) → $24K (2025)
John G. Gray
Co-Trustee
On filings since 2022
1 hr/week
$26K (2022) → $24K (2025)
Former officers (1)
- Former: Sharon Bell (2020–2021) — Co-Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $24K, to John G Gray (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Richard K Lane and Ruth S Lane Memorial Trust
How much does Richard K Lane and Ruth S Lane Memorial Trust give each year?
Richard K Lane and Ruth S Lane Memorial Trust gave $183K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $178K across 3 grants.
What is Richard K Lane and Ruth S Lane Memorial Trust's typical grant size?
Richard K Lane and Ruth S Lane Memorial Trust's median grant in 2025 was $45,645, and its average grant was $60,860, across 3 grants on its 2025 IRS Form 990-PF.
Where does Richard K Lane and Ruth S Lane Memorial Trust give grants?
Richard K Lane and Ruth S Lane Memorial Trust gives mostly in Oklahoma: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Tulsa, OK (2 grants).
Does Richard K Lane and Ruth S Lane Memorial Trust give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Richard K Lane and Ruth S Lane Memorial Trust's 2025 IRS Form 990-PF were described as general or operating support.
How large is Richard K Lane and Ruth S Lane Memorial Trust?
Richard K Lane and Ruth S Lane Memorial Trust reported $2.1M in total assets on its 2025 IRS Form 990-PF. It paid out $195K in qualifying distributions that year, against a required minimum of $217K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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