Richard Lyne 2

PITTSBURGH, PA EIN: 23-6203275

Richard Lyne 2 is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $177K in total assets. In 2024, it awarded 1 grants totaling $9K. Net investment income was $7K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$177K

-1.5% YoY

Annual Giving

$9K

-6.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$9K

-6.4% YoY

Under IRS private-foundation payout rules, Richard Lyne 2 reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

About Richard Lyne 2

Based on IRS filings

Ready to take the next step with Richard Lyne 2?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $51K (100%)

States

Pennsylvania

Cities

Philadelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$176,835	$179,605	$188,474
Revenue	$10,210	$4,033	$-440
Expenses	$13,144	$13,626	$15,747
Qualifying Distributions	$9,923	$9,954	$11,485
Net Investment Income	$6,977	$1,009	$492
Distributable Amount	$10,025	$9,330	$9,964

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Villa St Joseph Archdiocese of ($9,139).

Recipient	Purpose	Amount
VILLA ST JOSEPH ARCHDIOCESE OF PHILADELPHIA, PA	MAINTENANCE OF THE VILLA	$9,139

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK N A	TRUSTEE	1	$3,919

Frequently Asked Questions

How large is Richard Lyne 2?

As of 2024, Richard Lyne 2 holds $177K in total assets with $10K in annual revenue. It awarded 1 grants totaling $9K in 2024.

Where does Richard Lyne 2 operate?

Richard Lyne 2 has awarded grants in Pennsylvania.

What size grants does Richard Lyne 2 award?

In 2024, Richard Lyne 2 awarded 1 grants totaling $9K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Richard Lyne 2 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard Lyne 2 reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.