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
Under IRS private-foundation payout rules, Tony and Libba Rane Foundation reported a distributable amount of $77K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Alabama Public Television ($38,000), City of Abbeville ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALABAMA PUBLIC TELEVISION BIRMINGHAM, AL | GENERAL SUPPORT FOR ALABAMA PUBLIC TELEVISION | $38,000 |
| CITY OF ABBEVILLE ABBEVILLE, AL | GENERAL SUPPORT FOR ABBEVILLE, AL | $10,000 |
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
Frequently Asked Questions
What is Tony and Libba Rane Foundation?
Tony and Libba Rane Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ABBEVILLE, AL. It holds $1.4M in total assets as of 2024.
How large is Tony and Libba Rane Foundation?
As of 2024, Tony and Libba Rane Foundation holds $1.4M in total assets with $52K in annual revenue. It awarded 2 grants totaling $48K in 2024.
Where does Tony and Libba Rane Foundation operate?
Tony and Libba Rane Foundation has awarded grants in Alabama.
What size grants does Tony and Libba Rane Foundation award?
In 2024, Tony and Libba Rane Foundation awarded 2 grants totaling $48K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is Tony and Libba Rane Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tony and Libba Rane Foundation reported a distributable amount of $77K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tony and Libba Rane Foundation's EIN?
Tony and Libba Rane Foundation's EIN (Employer Identification Number) is 86-3795087. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.