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 2024. As of 2024, the organization holds $580K in total assets. In 2024, it awarded 5 grants totaling $28K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$580K
-3.7% YoY
Annual Giving
$28K
+1.9% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$6K
+1.9% YoY
Under IRS private-foundation payout rules, The Collin L and Ola a Lane reported a distributable amount of $34K for 2024 — the minimum it must pay out in qualifying distributions.
About The Collin L and Ola a Lane
Based on IRS filings
The Collin L and Ola a Lane is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $580K in total assets. In 2024, it awarded 5 grants totaling $28K. Net investment income was $17K.
Ready to take the next step with The Collin L and Ola a Lane?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $579,990 | $602,563 | $608,177 |
| Revenue | $19,669 | $31,389 | $32,220 |
| Expenses | $42,242 | $37,003 | $42,069 |
| Qualifying Distributions | $38,436 | $33,274 | $37,820 |
| Net Investment Income | $17,363 | $27,660 | $27,971 |
| Distributable Amount | $33,541 | $32,148 | $33,835 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys and Girls Club ($10,132), Mississippi Baptist Health Systems Inc ($7,237), Great River Region of Christian Church (disciples of Christ) ($4,342).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS AND GIRLS CLUB JACKSON, MS | GENERAL SUPPORT | $10,132 |
| GREAT RIVER REGION OF CHRISTIAN CHURCH (DISCIPLES OF CHRIST) LITTLE ROCK, AR | GENERAL SUPPORT | $4,342 |
| LEXINGTON THEOLOGICAL SEMINARY LEXINGTON, KY | GENERAL SUPPORT | $2,895 |
| MISSISSIPPI BAPTIST HEALTH SYSTEMS INC JACKSON, MS | GENERAL SUPPORT | $7,237 |
| NATIONAL BENEVOLENT ASSOCIATION ST LOUIS, MO | GENERAL SUPPORT | $2,894 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REGIONS BANK | TRUSTEE | 1 | $6,820 |
Frequently Asked Questions
How large is The Collin L and Ola a Lane?
As of 2024, The Collin L and Ola a Lane holds $580K in total assets with $20K in annual revenue. It awarded 5 grants totaling $28K in 2024.
Where does The Collin L and Ola a Lane operate?
The Collin L and Ola a Lane has awarded grants in Arkansas, Kentucky, Missouri, Mississippi.
What size grants does The Collin L and Ola a Lane award?
In 2024, The Collin L and Ola a Lane awarded 5 grants totaling $28K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Collin L and Ola a Lane required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Collin L and Ola a Lane reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.