The Collin L and Ola a Lane

BIRMINGHAM, AL EIN: 64-6174118

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Mississippi $66K (63%)

Arkansas $17K (16%)

Kentucky $11K (11%)

Missouri $11K (11%)

States

Arkansas Kentucky Missouri Mississippi

Cities

JacksonLexingtonLittle RockSt Louis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.