The Lb Lane Family Foundation Inc

HICKORY, NC EIN: 56-1622837

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

South Dakota $221K (37%)

North Carolina $219K (37%)

Virginia $104K (17%)

Montana $39K (6%)

District of Columbia $10K (2%)

Hawaii $2K (0%)

Mississippi $1K (0%)

Wyoming $1K (0%)

States

District of Columbia Hawaii Mississippi Montana North Carolina South Dakota Virginia Wyoming

Cities

AftonAltavistaArlingtonBig IslandBooneColumbia FallsCrazy HorseGreensboroHickoryHonoluluLexingtonLynchburgMonetaRaleighRapid CitySioux FallsThompson FallsTupeloValeWashington

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.