The Collin L and Ola a Lane
The Collin L and Ola a Lane is a private foundation, based in Birmingham, AL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $568K in total assets. In 2025, it awarded 5 grants totaling $17K. Net investment income was $19K.
Key facts about The Collin L and Ola a Lane
In short: The Collin L and Ola a Lane gave $17K across 5 grants in 2025 (avg $3K), mostly in Mississippi. Source: 2025 IRS Form 990-PF.
- EIN
- 64-6174118
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $17,251
- Grants made (2025)
- 5
- Average grant
- $3,450
- Median grant
- $2,760
- Total assets
- $568,100
- Primary geography
- Mississippi (62% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$568K
-2.1% YoY
Annual Giving
$17K
-37.3% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$3K
-37.3% YoY
Under IRS private-foundation payout rules, The Collin L and Ola a Lane reported a distributable amount of $34K for 2025 — the minimum it must pay out in qualifying distributions.
How The Collin L and Ola a Lane gives
- Giving fell 42% from 2022 to 2025. Method
- In 2025 it paid out 80% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $17K (2025) to $30K (2022). In 2025 it made 5 grants totaling $17K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Boys and Girls Club ($6K). Together the top 5 received $17K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys and Girls Club Jackson, MS | General Support | $6,210 |
| Mississippi Baptist Health Systems Inc Jackson, MS | General Support | $4,485 |
| Great River Region of Christian Church (Disciples of Christ) Little Rock, AR | General Support | $2,760 |
| Lexington Theological Seminary Lexington, KY | General Support | $1,898 |
| National Benevolent Association St. Louis, MO | General Support | $1,898 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $568,100 | $579,990 | $602,563 |
| Revenue | $19,544 | $19,669 | $31,389 |
| Expenses | $31,434 | $42,242 | $37,003 |
| Qualifying Distributions | $27,164 | $38,436 | $33,274 |
| Net Investment Income | $19,374 | $17,363 | $27,660 |
| Distributable Amount | $34,049 | $33,541 | $32,148 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
The Collin L and Ola a Lane's only listed officer is Regions Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Regions Bank
Trustee
On filings since 2021
1 hr/week
$9K (2021) → $7K (2025)
Data from IRS Form 990 filings, 2021–2025. "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 $7K, to Regions Bank (Trustee).
Frequently asked questions about The Collin L and Ola a Lane
How much does The Collin L and Ola a Lane give each year?
The Collin L and Ola a Lane gave $17K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $28K across 5 grants.
What is The Collin L and Ola a Lane's typical grant size?
The Collin L and Ola a Lane's median grant in 2025 was $2,760, and its average grant was $3,450, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Collin L and Ola a Lane give grants?
The Collin L and Ola a Lane gives mostly in Mississippi: 62% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Arkansas (16%) and Kentucky (11%). The most frequent recipient cities were Jackson, MS (2 grants).
Does The Collin L and Ola a Lane give general operating support?
Yes: 100% of The Collin L and Ola a Lane's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Collin L and Ola a Lane's largest grantees?
The Collin L and Ola a Lane's largest 2025 grantees include Boys and Girls Club ($6,210), Mississippi Baptist Health Systems Inc ($4,485) and Great River Region of Christian Church (Disciples of Christ) ($2,760), according to its 2025 IRS Form 990-PF. Together they received 78% of its itemized 2025 grant dollars.
How large is The Collin L and Ola a Lane?
The Collin L and Ola a Lane reported $568K in total assets on its 2025 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $34K (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 The Collin L and Ola a Lane's EIN?
The Collin L and Ola a Lane's EIN (Employer Identification Number) is 64-6174118. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Collin L and Ola a Lane by hand.
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