The Lane Memorial Foundation

NEW HYDE PARK, NY EIN: 47-4423726

The Lane Memorial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW HYDE PARK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.7M in total assets. In 2024, it awarded 8 grants totaling $614K. Net investment income was $388K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.7M

-2.6% YoY

Annual Giving

$614K

+42.8% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$77K

-28.6% YoY

Under IRS private-foundation payout rules, The Lane Memorial Foundation reported a distributable amount of $574K for 2024 — the minimum it must pay out in qualifying distributions.

About The Lane Memorial Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $346K (38%)

Iowa $200K (22%)

Maryland $164K (18%)

New York $100K (11%)

Massachusetts $90K (10%)

Illinois $20K (2%)

States

Iowa Illinois Massachusetts Maryland New Jersey New York

Cities

BaltimoreBostonChicagoCorningMaryknollNorth Brunswick

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,717,398	$8,953,341	$8,857,383
Revenue	$477,931	$704,575	$253,194
Expenses	$716,874	$515,045	$659,735
Qualifying Distributions	$615,350	$431,020	$558,520
Net Investment Income	$388,407	$620,550	$167,979
Distributable Amount	$573,747	$509,513	$528,921

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

29 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Diocese of Uyo Nigeria ($200,000), Missionary Society of St Columban ($143,000), St Patrick's Society ($117,000).

Recipient	Purpose	Amount
CONSOLATA MISSIONARIES NORTH BRUNSWICK, NJ	SUBSIDIZE THEOLOGY SEMINARY IN NAIROBI & NOVITIATE IN SAGANA, KENYA.	$42,000
MISSIONARY SOCIETY OF ST COLUMBAN	SUBSIDIZE TUITION FOR SEMINARIANS IN THEIR MISSION TRAINING PROGRAM.	$143,000
MISSIONARY SOCIETY OF ST JAMES THE APOSTLE BOSTON, MA	SUBSIDIZE CHILDRENS' FEEDING PROGRAM AT EL RESUCITADO PARISH, LIMA, PERU.	$20,000
ST PATRICK'S SOCIETY	BUILDING OF ADDITIONAL CLASSROOMS, TEACHER HOUSING, RESTROOMS, CLASSROOM FURNITURE. SUBSIDIZE TEACHERS' SALARIES.	$117,000
DIOCESE OF UYO NIGERIA CORNING, IA	SUBSIDIZE CONSTRUCTION OF PRIMARY SCHOOL, OKOPEDI, NIGERIA	$200,000
ST PATRICK'S SOCIETY	FUNDING FOR 4 SEMINARIANS IN THEOLOGY PROGRAM AT TANGAZA COLLEGE IN NAIROBI, KENYA.	$32,000
OUR LADY OF FATIMA PARISH CEBU PHILLIPINES CHICAGO, IL	SUBSIDIZE TUITION FOR SEMINARIAN.	$20,000
CHINA CHURCH SOLIDARITY OF ST COLUMBAN	SUBSIDIZE BIBLICAL LEXICON.	$40,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
REV DANIEL LANE	PRESIDENT / DIRECTOR	0.5	—
BERNARD O'CONNOR	VICE-PRESIDENT / DIRECTOR	0.25	—
CHRISTINE CLINE	SECRETARY / DIRECTOR	0.25	—
MARY-ALICE GREINER	TREASURER / DIRECTOR	2	—
ELIZABETH HAYNIE	DIRECTOR	0.25	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Lane Memorial Foundation?

The Lane Memorial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW HYDE PARK, NY. It holds $8.7M in total assets as of 2024.

How large is The Lane Memorial Foundation?

As of 2024, The Lane Memorial Foundation holds $8.7M in total assets with $478K in annual revenue. It awarded 8 grants totaling $614K in 2024.

Where does The Lane Memorial Foundation operate?

The Lane Memorial Foundation has awarded grants in Iowa, Illinois, Massachusetts, Maryland, New Jersey, New York.

What size grants does The Lane Memorial Foundation award?

In 2024, The Lane Memorial Foundation awarded 8 grants totaling $614K — an average of about $77K per grant, based on its IRS Form 990 filings.

How much is The Lane Memorial Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lane Memorial Foundation reported a distributable amount of $574K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.