//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Mary T Lane Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2015. The principal officer is Eastern Bank. It holds total assets of $3.1M. Annual income is reported at $1.2M. Total assets have grown from $2.5M in 2014 to $3.1M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Massachusetts and Vermont. According to available records, Mary T Lane Foundation has made 20 grants totaling $191K, with a median grant of $10K. Individual grants have ranged from $5K to $21K, with an average award of $10K. The foundation has supported 20 unique organizations. The foundation primarily supports organizations in Massachusetts, Vermont, Virginia, which account for 80% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$5K
Average Grant
$7K
Largest Grant
$11K
Based on 19 grants from the most recent 990-PF filing.
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.
Mary T Lane Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in MA, VT, VA.
Mary T Lane Foundation has distributed a total of $191K across 20 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $5K to $21K.
The application deadline is CANDIDATES ARE SELECTED ANNUALLY. Scholarships to be awarded to high school graduates who are domiciled in rockport, ma who possess strong academic and moral qualifications: financial need will be considered.
Mary T Lane Foundation is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Eastern Bank | TRUSTEE | $9K | $0 | $9K |
Total Giving
$220K
Total Assets
$3.1M
Fair Market Value
$3.8M
Net Worth
$3.1M
Grants Paid
$175K
Contributions
N/A
Net Investment Income
$236K
Distribution Amount
$173K
Total Grants
20
Total Giving
$191K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
20
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of VirginiaSCHOLARSHIP | Charlottesville, VA | $10K | 2022 |
| University Of Vermont-HSCHOLARSHIP | Burlington, VT | $21K | 2022 |
| University Of Massachusetts - Amherst-ZSCHOLARSHIP | Amherst, MA | $20K | 2022 |
| Boston CollegeSCHOLARSHIP | Chestnut Hill, MA | $15K | 2022 |
| Dean CollegeSCHOLARSHIP | Franklin, MA | $15K | 2022 |
| Umass DartmouthSCHOLARSHIP | Dartmouth, MA | $10K | 2022 |
| Norwich UniversitySCHOLARSHIP | Northfield, VT | $10K | 2022 |
| Williams CollegeSCHOLARSHIP | Williamstown, MA | $10K | 2022 |
| Emmanuel CollegeSCHOLARSHIP | Boston, MA | $10K | 2022 |
| University Of Vermont - LSCHOLARSHIP | Burlington, VT | $10K | 2022 |
| College Of The Holy CrossSCHOLARSHIP | Worcester, MA | $10K | 2022 |
| Tufts UniversitySCHOLARSHIP | Medford, MA | $8K | 2022 |
| University Of New HampshireSCHOLARSHIP | Durham, NH | $8K | 2022 |
| The American University Of RomeSCHOLARSHIP | Rome | $6K | 2022 |
| University Of San FranciscoSCHOLARSHIP | San Francisco, CA | $5K | 2022 |
| Suffolk UniversitySCHOLARSHIP | Boston, MA | $5K | 2022 |
| Massachusetts Maritime Academy- HSCHOLARSHIP | Buzzards Bay, MA | $5K | 2022 |
| Merrimack College - MSCHOLARSHIP | North Andover, MA | $5K | 2022 |
| University Of Massachusetts - Amherst-PSCHOLARSHIP | Amherst, MA | $5K | 2022 |
| University Of EssexSCHOLARSHIP | Colchester | $5K | 2022 |