The Doug and Gay Lane Foundation
The Doug and Gay Lane Foundation is a private foundation, based in BOCA GRANDE, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.5M in total assets. In 2024, it awarded 16 grants totaling $1.1M. Net investment income was $1.9M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.5M
+7.9% YoY
Annual Giving
$1.1M
+124.7% YoY
Grant Count
16
+128.6% YoY
Avg Grant Size
$71K
-1.7% YoY
Under IRS private-foundation payout rules, The Doug and Gay Lane Foundation reported a distributable amount of $451K for 2024 — the minimum it must pay out in qualifying distributions.
About The Doug and Gay Lane Foundation
Based on IRS filings
The Doug and Gay Lane Foundation is a private foundation, based in BOCA GRANDE, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.5M in total assets. In 2024, it awarded 16 grants totaling $1.1M. Net investment income was $1.9M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,534,759 | $6,980,922 | $5,987,211 |
| Revenue | $1,721,566 | $1,518,809 | $737,947 |
| Expenses | $1,167,729 | $525,098 | $876,134 |
| Qualifying Distributions | $1,139,470 | $507,000 | $810,000 |
| Net Investment Income | $1,890,894 | $1,185,187 | $524,293 |
| Distributable Amount | $451,435 | $350,419 | $351,874 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
51 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lehigh University ($375,000), Just Horizons Alliance ($200,000), Camp Leelanau Kohahna Foundation ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARTS QUEST BETHLEHEM, PA | GENERAL PURPOSES | $10,000 |
| LEHIGH UNIVERSITY BETHLEHEM, PA | ATHLETIC DEPARTMENT | $375,000 |
| PULMONARY FIBROSIS FOUNDATION CHICAGO, IL | GENERAL PURPOSES | $70,000 |
| SWIM ACROSS AMERICA CHARLOTTE, NC | GENERAL PURPOSES | $5,000 |
| JUST HORIZONS ALLIANCE BOSTON, MA | GENERAL PURPOSES | $200,000 |
| DAVIS AND ELKINS ELKINS, WV | GENERAL PURPOSES | $100,000 |
| PERLMAN MUSIC PROGRAM SUNCOAST SARASOTA, FL | GENERAL PURPOSES | $25,000 |
| CAMP LEELANAU KOHAHNA FOUNDATION MAPLE CITY, MI | GENERAL PURPOSES | $200,000 |
| HEALTHNETWORK FOUNDATION PEPPER PIKE, OH | GENERAL PURPOSES | $50,000 |
| BOCA GRANDE HEALTH CLINIC FOUNDATION BOCA GRANDE, FL | GENERAL PURPOSES | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DOUGLAS C LANE | TRUSTEE | 1 | — |
| SHARON GAY LANE | TRUSTEE | 1 | — |
Frequently Asked Questions
How large is The Doug and Gay Lane Foundation?
As of 2024, The Doug and Gay Lane Foundation holds $7.5M in total assets with $1.7M in annual revenue. It awarded 16 grants totaling $1.1M in 2024.
Where does The Doug and Gay Lane Foundation operate?
The Doug and Gay Lane Foundation has awarded grants in Florida, Illinois, Massachusetts, Maryland, Michigan, North Carolina, New Jersey, New York, Ohio, Pennsylvania, Texas, West Virginia.
What size grants does The Doug and Gay Lane Foundation award?
In 2024, The Doug and Gay Lane Foundation awarded 16 grants totaling $1.1M — an average of about $71K per grant, based on its IRS Form 990 filings.
How much is The Doug and Gay Lane Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Doug and Gay Lane Foundation reported a distributable amount of $451K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Doug and Gay Lane Foundation's EIN?
The Doug and Gay Lane Foundation's EIN (Employer Identification Number) is 22-3554995. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Doug and Gay Lane Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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