Tony and Libba Rane Foundation
Tony and Libba Rane Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ABBEVILLE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 2 grants totaling $48K. Net investment income was $48K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
-1.8% YoY
Annual Giving
$48K
+242.9% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$24K
+71.4% YoY
About Tony and Libba Rane Foundation
Based on IRS filings
Tony and Libba Rane Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ABBEVILLE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 2 grants totaling $48K. Net investment income was $48K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,423,663 | $1,449,388 | $1,398,971 |
| Revenue | $52,123 | $83,352 | $802,463 |
| Expenses | $77,848 | $32,935 | $62,114 |
| Qualifying Distributions | $72,542 | $14,000 | $31,000 |
| Net Investment Income | $47,892 | $58,264 | $802,463 |
| Distributable Amount | $76,538 | $70,635 | $29,601 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES W RANE | PRESIDENT AND TREASURER | 1 | — |
| MICHAEL G RANE | SECRETARY | 1 | — |
| C JACK CARPENTER | VICE-PRESIDENT | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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