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Lincoln-Lane Foundation is a private corporation based in NORFOLK, VA. The foundation received its IRS ruling in 1955. The principal officer is Katherine Finney. It holds total assets of $5.3M. Annual income is reported at $3.1M. Total assets have decreased from $6.4M in 2011 to $4.7M in 2023. The foundation is governed by 6 officers and trustees. Tax records are available from 2016 to 2024. According to available records, Lincoln-Lane Foundation has made 3 grants totaling $726K, with a median grant of $242K. The foundation has distributed between $235K and $249K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $249K distributed across 1 grants. Individual grants have ranged from $235K to $249K, with an average award of $242K. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Lincoln-Lane Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in VA.
Lincoln-Lane Foundation has distributed a total of $726K across 3 grants. The median grant size is $242K, with an average of $242K. Individual grants have ranged from $235K to $249K.
The application deadline is BETWEEN OCTOBER 1ST & NOVEMBER 15TH OF EACH YEAR.. Applicants must be residents of the tidewater region of virginia and must demonstrate high scholastic achievement and financial need.
Lincoln-Lane Foundation is headquartered in NORFOLK, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Edith G Grandy | SEC./TREA. | $92K | $0 | $92K |
| John M Ankerson | PRESIDENT | $4K | $0 | $4K |
| Walter M Moore Iv | V/P | $4K | $0 | $4K |
| Madison Acra | DIRECTOR | $4K | $0 | $4K |
| C Wiley Grandy | DIRECTOR | $4K | $0 | $4K |
| Patricia J Shotton | DIRECTOR | $4K | $0 | $4K |
Total Giving
$509K
Total Assets
$4.7M
Fair Market Value
$5.4M
Net Worth
$4.7M
Grants Paid
$294K
Contributions
$5K
Net Investment Income
$390K
Distribution Amount
$248K
Total: $4.5M
Total Grants
3
Total Giving
$726K
Average Grant
$242K
Median Grant
$242K
Unique Recipients
1
Most Common Grant
$249K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ScholarshipsSCHOLARSHIPS - SCHEDULE ATTTACHED | Various, VA | $242K | 2023 |