The Lb Lane Family Foundation Inc
The LB Lane Family Foundation Inc is a private grantmaking foundation based in Hickory, North Carolina. Established in 1988, the foundation operates as a 501(c)(3) exempt private foundation with a focus on charitable giving in select geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$785K
+8.6% YoY
Annual Giving
$146K
+17.7% YoY
Grant Count
36
+2.9% YoY
Avg Grant Size
$4K
+14.5% YoY
Under IRS private-foundation payout rules, The Lb Lane Family Foundation Inc reported a distributable amount of $128K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation makes grants typically ranging from $500 to $20,000. Recent grant activity includes:
How to Apply
in available sources.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking priorities include North Carolina, South Dakota, and Virginia, with demonstrated activity in the Hickory, North Carolina area and surrounding Catawba County region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Based on the most recent available financial data:
- Total Assets: $784,993
- Total Annual Giving: $146,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $784,993 | $723,100 | $738,650 |
| Revenue | $216,307 | $114,280 | $46,852 |
| Expenses | $154,414 | $129,830 | $146,889 |
| Qualifying Distributions | $151,986 | $129,401 | $146,495 |
| Net Investment Income | $216,307 | $114,280 | $53,865 |
| Distributable Amount | $128,109 | $111,285 | $110,519 |
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
168 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Spirit of America ($11,000), Avoca Museum ($10,000), Boys & Girls Club of Columbia Falls ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALTAVISTA AREA YMCA ALTAVISTA, VA | GENERAL OPERATING FUND | $1,000 |
| APPALACHIAN STATE UNIVERSITY FOUNDATION BOONE, NC | FURNITURE DESIGN PROGRAM | $2,000 |
| BOYS & GIRLS CLUB OF COLUMBIA FALLS COLUMBIA FALLS, MT | CAPITAL CAMPAIGN | $8,000 |
| CATAWBA SCIENCE CENTER HICKORY, NC | FAMILY-TO-FAMILY PROJECT | $7,000 |
| CHILDRENS' HOME SOCIETY OF NC GREENSBORO, NC | GENERAL OPERATING FUND | $2,500 |
| CORNERSTONE COUNSELING CENTER HICKORY, NC | SCHOLARSHIP FUND | $1,000 |
| CORNERSTONE RESCUE MISSION RAPID CITY, SD | GENERAL OPERATING FUND | $5,500 |
| CRAZY HORSE MEMORIAL FOUNDATION CRAZY HORSE, SD | GENERAL OPERATING FUND | $1,500 |
| CVCC SMALL BUSINESS CENTER HICKORY, NC | ENTREPRENEURIAL PROGRAMS | $3,000 |
| FEEDING SOUTH DAKOTA SIOUX FALLS, SD | GENERAL OPERATING FUND | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LANDON B LANE JR | PRES/TREAS | 4 | — |
| CONSTANCE N LANE | VICE PRES | 2 | — |
| NILA P LANE | SECRETARY | 0.1 | — |
| DAVID CAMERON | ASST TREAS | 0.1 | — |
| AMANDA P STANFIELD | ASST SEC | 0.05 | — |
| STEPHEN HOSTETLER | ASST TREAS | 0.05 | — |
Contact Information
- Address: 1006 4th Avenue Dr NW, Hickory, NC 28601-3453
- Telephone: 828-328-5014
- EIN: 56-1622837
Frequently Asked Questions
How do I apply for a grant from The Lb Lane Family Foundation Inc?
The foundation makes grants typically ranging from $500 to $20,000. Recent grant activity includes: • $1,000 to Cornerstone Counseling Center (2024) for a Scholarship Fund • Support to various nonprofits in the Hickory area and surrounding regions The foundation does not currently list active grant opportunities or a formal application process in available sources.
Where does The Lb Lane Family Foundation Inc make grants?
The foundation's grantmaking priorities include North Carolina, South Dakota, and Virginia, with demonstrated activity in the Hickory, North Carolina area and surrounding Catawba County region.
What size grants does The Lb Lane Family Foundation Inc award?
In 2024, The Lb Lane Family Foundation Inc awarded 36 grants totaling $146K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Lb Lane Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lb Lane Family Foundation Inc reported a distributable amount of $128K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Lb Lane Family Foundation Inc's EIN?
The Lb Lane Family Foundation Inc's EIN (Employer Identification Number) is 56-1622837. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Lb Lane Family Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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