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Richard K Lane & Ruth S Lane Memorial Trust is a private trust based in TULSA, OK. The foundation received its IRS ruling in 1995. The principal officer is Midfirst Bank Ttee. It holds total assets of $2.3M. Annual income is reported at $142K. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Oklahoma. According to available records, Richard K Lane & Ruth S Lane Memorial Trust has made 15 grants totaling $790K, with a median grant of $42K. The foundation has distributed between $141K and $333K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $333K distributed across 6 grants. Individual grants have ranged from $35K to $85K, with an average award of $53K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Oklahoma. Contributions to this foundation are tax-deductible.
Smallest Grant
$35K
Median Grant
$35K
Average Grant
$47K
Largest Grant
$71K
Based on 3 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.
Richard K Lane & Ruth S Lane Memorial Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in OK.
Richard K Lane & Ruth S Lane Memorial Trust has distributed a total of $790K across 15 grants. The median grant size is $42K, with an average of $53K. Individual grants have ranged from $35K to $85K.
Richard K Lane & Ruth S Lane Memorial Trust typically selects its grantees rather than accepting unsolicited proposals.
Richard K Lane & Ruth S Lane Memorial Trust is headquartered in TULSA, OK.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John G Gray | CO-TRUSTEE | $21K | $0 | $21K |
| Midfirst Bank | TRUSTEE | $21K | $0 | $21K |
Total Giving
$242K
Total Assets
$2.3M
Fair Market Value
$4.2M
Net Worth
$2.3M
Grants Paid
$169K
Contributions
N/A
Net Investment Income
$82K
Distribution Amount
$189K
Total: $1.4M
Total Revenue
$142K
990PF · 2023
Total Expenses
$242K
990PF · 2023
Total Assets
$2.3M
990PF · 2023
Net Assets
$2.3M
990PF · 2023
Total Grants
15
Total Giving
$790K
Average Grant
$53K
Median Grant
$42K
Unique Recipients
3
Most Common Grant
$42K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of TulsaRK LANE LAW FELLOWSHIP & | Tulsa, OK | $85K | 2023 |
| First Presbyterian Church Of TulsaSECURITY SYSTEM HVAC LED | Tulsa, OK | $42K | 2023 |
| Oklahoma Medical Research FoundationHIGH PERFORMANCE COMPUTING | Oklahoma City, OK | $42K | 2023 |
TULSA, OK
ARDMORE, OK
OKLAHOMA CITY, OK