Lane Family Foundation Inc. Overview

The Lane Family Foundation Inc. is a 501(c)(3) non-profit organization based in the United States. The organization is recognized for its charitable purposes and is eligible to receive tax-deductible donations.

Purpose and Activities

The specific activities and focus areas of the Lane Family Foundation Inc. are not fully detailed in the available information. Generally, organizations with this designation engage in activities such as education, charity, science, literature, and public safety. However, another organization known as The Lane Foundation focuses on individual health choices, free-market competition to enhance healthcare innovation, and community-driven projects. It is unclear if these two organizations are related.

Financials

According to recent financial data, the Lane Family Foundation Inc. has reported significant assets. For instance, in 2023, the organization had total assets of approximately $2.01 million. Historical financial reports indicate that the foundation derived its income primarily from interest, dividends, and sales of assets, with charitable disbursements forming the bulk of its expenses. In the past, charitable disbursements have accounted for over 90% of total expenses.

Leadership

As of the last available data, key figures associated with a similarly named foundation included Marilyn Lane, William Lane, and Lee Baydush. However, specific roles and compensation for these individuals were not reported in recent years.

Conclusion

The Lane Family Foundation Inc. operates within the broader framework of non-profit organizations dedicated to charitable causes. Its financial activities and leadership structure reflect common practices among private foundations in the U.S., emphasizing substantial philanthropic efforts.

[1] https://projects.propublica.org/nonprofits/organizations/60996843 [2] https://lanefoundation.org [3] https://projects.propublica.org/nonprofits/organizations/384190837 [4] https://www.guidestar.org/Profile/82-2216625 [5] https://www.charitynavigator.org/ein/060996843