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Tony And Libby Rane Foundation is a private corporation based in ABBEVILLE, AL. The foundation received its IRS ruling in 2021. The principal officer is James W Rane. It holds total assets of $1.4M. Annual income is reported at $247K. Total assets have grown from $424K in 2020 to $1.4M in 2023. The foundation is governed by 3 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 2020 to 2023. According to available records, Tony And Libby Rane Foundation has made 3 grants totaling $76K, with a median grant of $31K. Annual giving has decreased from $62K in 2022 to $14K in 2023. Individual grants have ranged from $14K to $31K, with an average award of $25K. Grant recipients are concentrated in Alabama. 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.
Tony And Libby Rane Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in AL.
Tony And Libby Rane Foundation has distributed a total of $76K across 3 grants. The median grant size is $31K, with an average of $25K. Individual grants have ranged from $14K to $31K.
Tony And Libby Rane Foundation typically selects its grantees rather than accepting unsolicited proposals.
Tony And Libby Rane Foundation is headquartered in ABBEVILLE, AL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James W Rane | PRESIDENT AND TREASURER | $0 | $0 | N/A |
| Michael G Rane | SECRETARY | $0 | $0 | N/A |
| C Jack Carpenter | VICE-PRESIDENT | $0 | $0 | N/A |
Total Giving
$33K
Total Assets
$1.4M
Fair Market Value
$1.5M
Net Worth
$1.4M
Grants Paid
$14K
Contributions
$22K
Net Investment Income
$58K
Distribution Amount
$71K
Total Grants
3
Total Giving
$76K
Average Grant
$25K
Median Grant
$31K
Unique Recipients
1
Most Common Grant
$31K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Alabama Public TelevisionGENERAL SUPPORT FOR ALABAMA PUBLIC TELEVISION | Birmingham, AL | $14K | 2023 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL