The Lincoln-Lane Foundation
The Lincoln-Lane Foundation is a private foundation, based in Norfolk, VA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $5.3M in total assets. In 2025, it awarded 1 grant totaling $305K. Net investment income was $518K.
The Lincoln-Lane Foundation at a glance
In short: The Lincoln-Lane Foundation gave $305K across 1 grant in 2025 (avg $305K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $305,250
- +3.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $305,250
- +3.9% vs 2024
- Median grant
- $305,250
- Total assets
- $5,291,338
- +12.3% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Lincoln-Lane Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Scholarships ($305K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
How The Lincoln-Lane Foundation gives
- Giving grew 23% from 2022 to 2025. Method
- In 2025 it paid out 179% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $235K (2021) to $305K (2025). In 2025 it made 1 grant totaling $305K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarships Various, VA | Scholarships - Schedule Attached | $305,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,291,338 | $1,155,210 | $580,481 | $305,250 | 1 | $493,287 | $518,071 | $274,973 |
| 2024 | $4,712,962 | $458,475 | $509,224 | $293,750 | 1 | $444,024 | $389,805 | $247,741 |
| 2023 | $4,763,682 | $137,475 | $456,323 | $241,876 | 1 | $392,014 | $78,784 | $253,587 |
| 2022 | $5,078,585 | $237,439 | $474,565 | $248,750 | 1 | $399,069 | $170,631 | $283,926 |
| 2021 | $5,319,894 | $713,344 | $456,722 | $235,250 | 1 | — | $644,345 | $293,228 |
Under IRS private-foundation payout rules, The Lincoln-Lane Foundation reported a distributable amount of $275K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Lincoln-Lane Foundation is led by John M. Ankerson, President on every filing since 2021; all 8 officers listed in 2025 are compensated.
Officers on the 2025 filing
John M. Ankerson
President
On filings since 2021
$4K (2021) → $4K (2025)
C. Wiley Grandy
Director
On filings since 2021
$4K (2021) → $4K (2025)
Madison Acra
Director
On filings since 2021
$3K (2021) → $4K (2025)
Patricia J. Shotton
Director
On filings since 2021
$4K (2021) → $4K (2025)
Katherine Finney
Co-Exec Director
New on the 2025 filing
40 hrs/week
$60K (2025)
Edith G. Grandy
Secretary & Treasurer
On filings since 2021
$92K (2021) → $50K (2025)
Walter M. Moore IV
V & P
On filings since 2021
$4K (2021) → $4K (2025)
Ruth P. Acra
Co-Executive
New on the 2025 filing
40 hrs/week
$60K (2025)
Former officers (1)
- Former: Kathy Finney (2024) — Treasurer
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $60K, to Ruth P Acra (Co-Executive). 8 officers or directors reported compensation on that filing.
Frequently asked questions about The Lincoln-Lane Foundation
How much does The Lincoln-Lane Foundation give each year?
The Lincoln-Lane Foundation gave $305K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $294K across 1 grant.
How large is The Lincoln-Lane Foundation?
The Lincoln-Lane Foundation reported $5.3M in total assets on its 2025 IRS Form 990-PF. It paid out $493K in qualifying distributions that year, against a required minimum of $275K (roughly 5% of its investment assets).
Where does The Lincoln-Lane Foundation operate?
The Lincoln-Lane Foundation has awarded grants in Virginia.
What is The Lincoln-Lane Foundation's EIN?
The Lincoln-Lane Foundation's EIN (Employer Identification Number) is 54-0601700. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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