The Lincoln-lane Foundation

NORFOLK, VA EIN: 54-0601700

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 grants totaling $305K. Net investment income was $518K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$5.3M

+12.3% YoY

Annual Giving

$305K

+3.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$305K

+3.9% YoY

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.

About The Lincoln-lane Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $1.3M (100%)

States

Virginia

Cities

Various

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$5,291,338	$4,712,962	$4,763,682
Revenue	$1,155,210	$458,475	$137,475
Expenses	$580,481	$509,224	$456,323
Qualifying Distributions	$493,287	$444,024	$392,014
Net Investment Income	$518,071	$389,805	$78,784
Distributable Amount	$274,973	$247,741	$253,587

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Scholarships ($305,250).

Recipient	Purpose	Amount
SCHOLARSHIPS VARIOUS, VA	SCHOLARSHIPS - SCHEDULE ATTACHED	$305,250

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
JOHN M ANKERSON	PRESIDENT	—	$3,800
WALTER M MOORE IV	V/P	—	$3,800
PATRICIA J SHOTTON	DIRECTOR	—	$3,800
MADISON ACRA	DIRECTOR	—	$3,800
C WILEY GRANDY	DIRECTOR	—	$3,800
EDITH G GRANDY	SEC./TREA.	—	$49,813
RUTH P ACRA	CO-EXECUTIVE	40	$60,000
KATHERINE FINNEY	CO-EXEC DIR/	40	$60,000

Frequently Asked Questions

How large is The Lincoln-lane Foundation?

As of 2025, The Lincoln-lane Foundation holds $5.3M in total assets with $1.2M in annual revenue. It awarded 1 grants totaling $305K in 2025.

Where does The Lincoln-lane Foundation operate?

The Lincoln-lane Foundation has awarded grants in Virginia.

What size grants does The Lincoln-lane Foundation award?

In 2025, The Lincoln-lane Foundation awarded 1 grants totaling $305K — an average of about $305K per grant, based on its IRS Form 990 filings.

How much is The Lincoln-lane Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, The Lincoln-lane Foundation reported a distributable amount of $275K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.