Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 04-01-2010 , and ending 03-31-2011
G
Check all that apply:
Name of foundation
THE MINNIE AND BERNARD LANE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 359   Room/suite
City or town, state, and ZIP code
ALTAVISTA, VA24517
A Employer identification number

54-6052404
B Telephone number (see page 10 of the instructions)

(434) 369-6663
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,032,023J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 273,747
2 Check bullet
3 Interest on savings and temporary cash investments 2,227 2,227  
4 Dividends and interest from securities...... 85,939 85,939  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 136,881
b Gross sales price for all assets on line 6a 1,025,646
7 Capital gain net income (from Part IV, line 2)... 136,881
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 79 0  
12 Total. Add lines 1 through 11........ 498,873 225,047  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 4,215 0   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,622 0   0
c Other professional fees (attach schedule).... Click to see attachment 19,298 19,298   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 3,262 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 3,000 0   0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,007 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,404 19,298   0
25 Contributions, gifts, grants paid........ 603,986 603,986
26 Total expenses and disbursements. Add lines 24 and 25 646,390 19,298   603,986
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -147,517
b Net investment income (if negative, enter -0-) 205,749
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... -2,342 19,149 19,149
2 Savings and temporary cash investments.......... 1,857,639 1,912,464 1,912,464
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 250,310 Click to see attachment100,441 101,578
b Investments—corporate stock (attach schedule)........ 2,381,788 Click to see attachment2,393,619 2,586,156
c Investments—corporate bonds (attach schedule)........ 484,091 Click to see attachment398,296 412,676
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet16,744
Less: accumulated depreciation (attach schedule) bullet16,744      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,971,486 4,823,969 5,032,023
Liabilities 17 Accounts payable and accrued expenses.......... 10,000 10,000
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment1,255 Click to see attachment1,255
23 Total liabilities (add lines 17 through 22).......... 11,255 11,255
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 4,960,231 4,812,714
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 4,960,231 4,812,714
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,971,486 4,823,969
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 4,960,231
2 Enter amount from Part I, line 27a...................... 2 -147,517
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,812,714
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 4,812,714
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a COMERICA INC P 2010-01-15 2010-04-01
b FIRST AMERICAN CORPORATION P 2010-01-21 2010-04-15
c FIRST AMERICAN CORPORATION P 2009-06-10 2010-04-15
d COMERICA INC P 2010-01-15 2010-04-22
e SYSCO CORP P 2009-09-30 2010-06-08
AVON PRODUCTS INC COM P 2010-05-14 2010-10-13
AVON PRODUCTS INC COM P 2010-05-24 2010-10-13
AVON PRODUCTS INC COM P 2010-05-04 2010-10-13
MCGRAW-HILL COMPANIES INC P 2010-05-10 2010-11-02
WALGREEN CO P 2010-05-06 2011-01-20
JPMORGAN CHASE & CO P 2010-05-18 2011-03-29
MCGRAW-HILL COMPANIES INC P 2010-05-10 2011-03-29
H&RBLOCKINCORPORATEDCOMMON P 2010-05-18 2011-03-29
WESTERN UNION CO/THE P 2010-05-04 2011-03-30
FEDEX CORPORATION P 2002-07-26 2010-04-05
FEDEX CORPORATION P 2002-09-13 2010-04-05
COMERICA INC P 2008-07-25 2010-04-22
MASCO CORP P 2007-10-16 2010-04-23
MASCO CORP P 2007-10-15 2010-04-23
TEXTRON FINL CORP 4.600% 5/03/10 P 2006-12-19 2010-05-03
WAL MART STORES INC P 2005-08-23 2010-05-04
WAL MART STORES INC P 2006-12-21 2010-05-04
HOME DEPOT INC P 2007-03-13 2010-05-18
TRAVELERS COS INC P 2002-07-18 2010-06-02
SYSCO CORP P 2008-11-21 2010-06-08
CVS/CAREMARK CORPORATION P 2003-01-23 2010-06-15
PIONEER NAT RES CO COM P 2007-03-13 2010-06-16
FED HOME LN MTG CORP 3.000% 7/22/13 P 2009-06-25 2010-07-22
INTERNATIONAL BUSINESS MACHS CORP P 2002-07-18 2010-08-10
TRAVELERS COS INC P 2002-07-18 2010-08-12
USTREASURYNOTES 4.125% 8/15/10 P 2006-12-11 2010-08-15
WAL MART STORES INC P 2006-12-21 2010-08-17
CORELOGIC INC P 2009-06-10 2010-08-17
WAL MART STORES INC P 2006-03-09 2010-08-17
MACY'S INC P 2002-12-27 2010-10-12
OHIO POWER COMPANY 5.300% 11/01/10 P 2006-04-06 2010-11-01
MCGRAW-HILL COMPANIES INC P 2009-08-13 2010-11-02
PIONEER NAT RES CO COM P 2007-03-13 2010-11-04
PIONEER NAT RES CO COM P 2007-03-13 2010-11-15
INTERNATIONAL BUSINESS MACHS CORP P 2002-07-18 2010-12-07
AVERY DENNISON CORP P 2006-06-22 2010-12-09
AVERY DENNISON CORP P 2006-01-12 2010-12-09
HOME DEPOT INC P 2007-03-13 2010-12-21
INGERSOLL-RAND PLC P 2008-08-25 2010-12-21
INGERSOLL-RAND PLC P 2008-06-06 2010-12-21
INGERSOLL-RAND PLC P 2008-09-23 2010-12-21
GENERAL ELECTRIC CO P 2000-06-12 2011-01-04
GENERAL ELECTRIC CO P 2005-08-23 2011-01-04
GENERAL ELECTRIC CO P 2006-11-02 2011-01-04
AMGEN INC P 2007-08-02 2011-01-14
AMGEN INC P 2008-02-15 2011-01-14
AVON PRODS INC 5.125% 1/15/11 P 2006-12-05 2011-01-15
WALGREEN CO P 2008-09-30 2011-01-20
WALGREEN CO P 2009-08-24 2011-01-20
HOME DEPOT INC P 2007-11-29 2011-01-26
WALGREEN CO P 2008-09-30 2011-03-01
UNITEDHEALTH GROUP 5.250% 3/15/11 P 2008-03-13 2011-03-15
PFIZER INC P 2003-11-14 2011-03-24
WELLPOINT INC P 2004-01-09 2011-03-25
SEALED AIR CORP COM P 2007-12-11 2011-03-30
MACY'S INC P 2002-12-27 2011-03-30
LITIGATION PROCEEDS P   2011-03-31
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 11,325   9,879 1,446
b 10,947   9,163 1,784
c 3,649   2,343 1,306
d 4,435   3,293 1,142
e 5,854   4,918 936
14,031   10,960 3,071
3,508   2,614 894
7,016   6,207 809
3,791   2,840 951
16,594   14,220 2,374
13,737   11,871 1,866
7,976   5,679 2,297
16,715   16,948 -233
8,472   7,100 1,372
9,246   4,700 4,546
18,491   8,872 9,619
22,176   13,740 8,436
6,946   8,771 -1,825
7,601   9,635 -2,034
30,000   30,000 0
10,839   9,305 1,534
10,839   9,154 1,685
13,980   14,992 -1,012
4,897   2,785 2,112
17,563   13,162 4,401
35,174   13,363 21,811
35,860   19,106 16,754
50,000   50,000 0
26,221   14,434 11,787
24,881   13,925 10,956
100,000   99,926 74
5,142   4,577 565
11,380   8,027 3,353
5,142   4,525 617
4,971   6,943 -1,972
60,000   59,462 538
7,582   5,750 1,832
7,427   3,821 3,606
23,114   11,463 11,651
14,566   7,217 7,349
8,222   11,480 -3,258
4,111   5,816 -1,705
14,072   14,992 -920
14,064   10,790 3,274
4,688   4,212 476
9,376   6,437 2,939
3,650   9,901 -6,251
14,601   27,132 -12,531
3,650   6,948 -3,298
17,144   15,456 1,688
28,573   23,211 5,362
60,000   60,120 -120
4,149   3,102 1,047
8,297   6,288 2,009
11,255   8,304 2,951
21,492   15,509 5,983
60,000   61,251 -1,251
8,061   13,628 -5,567
20,760   11,049 9,711
7,863   7,034 829
7,266   10,415 -3,149
2,214     2,214
50     50
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,446
b       1,784
c       1,306
d       1,142
e       936
      3,071
      894
      809
      951
      2,374
      1,866
      2,297
      -233
      1,372
      4,546
      9,619
      8,436
      -1,825
      -2,034
      0
      1,534
      1,685
      -1,012
      2,112
      4,401
      21,811
      16,754
      0
      11,787
      10,956
      74
      565
      3,353
      617
      -1,972
      538
      1,832
      3,606
      11,651
      7,349
      -3,258
      -1,705
      -920
      3,274
      476
      2,939
      -6,251
      -12,531
      -3,298
      1,688
      5,362
      -120
      1,047
      2,009
      2,951
      5,983
      -1,251
      -5,567
      9,711
      829
      -3,149
      2,214
      50
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 136,881
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 781,017 4,851,106 0.160998
2008 1,093,525 6,333,388 0.172660
2007 1,271,062 7,945,694 0.159969
2006 1,214,686 6,846,341 0.177421
2005 848,232 6,741,081 0.125830
2 Total of line 1, column (d) ...................... 2 0.796878
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.159376
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 4,817,654
5 Multiply line 4 by line 3....................... 5 767,818
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,057
7 Add lines 5 and 6......................... 7 769,875
8 Enter qualifying distributions from Part XII, line 4.............. 8 603,986
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 4,115
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 4,115
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,115
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,600
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,600
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,515
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletVA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.Click to see attachment
    10
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDOUGLAS LANE TRUSTEE Telephone no.bullet (434) 369-6663
    Located atbullet414 WASHINGTON STREETALTAVISTAVA ZIP+4bullet24517
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    MRS MINNIE B LANE TRUSTEE
    1.00     		0 0 0
    PO BOX 359
    ALTAVISTA,VA24517
    MR DOUGLAS LANE TRUSTEE
    2.00     		0 0 0
    PO BOX 359
    ALTAVISTA,VA24517
    MR RICK LANE TRUSTEE
    2.00     		0 0 0
    PO BOX 359
    ALTAVISTA,VA24517
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A 0
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,041,544
    b
    Average of monthly cash balances.......................
    1b
    1,849,475
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,891,019
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    4,891,019
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    73,365
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,817,654
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    240,883
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    240,883
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    4,115
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,115
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    236,768
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    236,768
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    236,768
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    603,986
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    603,986
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    603,986
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 236,768
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 523,534
    b From 2006....... 885,691
    c From 2007....... 884,461
    d From 2008....... 779,810
    e From 2009....... 541,020
    fTotal of lines 3a through e......... 3,614,516
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 603,986
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 236,768
    e Remaining amount distributed out of corpus 367,218
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,981,734
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		523,534
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		3,458,200
    10 Analysis of line 9:
    a Excess from 2006.... 885,691
    b Excess from 2007.... 884,461
    c Excess from 2008.... 779,810
    d Excess from 2009.... 541,020
    e Excess from 2010.... 367,218
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    THE MINNIE AND BERNARD LANE FOUNDAT
    PO BOX 359
    ALTAVISTA,VA24517
    (434) 369-6663
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE SUBMITTED IN WRITING AND SHOULD INCLUDE THE APPLICANT'S NAME AND ADDRESS, THE CHARITABLE PURPOSE OF THE ORGANIZATION, THE AMOUNT OF AWARD REQUESTED, AND AN EXPLANATION WHY THE AWARD IS NEEDED BY THE ORGANIZATION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE AVAILABLE TO ANY ORGANIZATION TO WHICH A CONTRIBUTION IS ALLOWABLE UNDER THE APPLICABLE SECTIONS OF THE INTERNAL REVENUE CODE.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CHRISTIAN ASSISTANCE MINISTRY
    110 MCCULLOUGH
    SAN ANTONIO,TX78215     		    RELIGIOUS 2,000
    CHRYSALIS INTERNATIONAL INC
    10524 MOSS PARK ROAD STE 650
    ORLANDO,FL32832     		    RELIGIOUS 12,000
    DISCIPLE NATIONS ALLIANCE
    1220 E WASHINGTON STREET
    PHEONIX,AZ85034     		    RELIGIOUS 2,000
    PRACTICE MINISTRIES
    8117 PRESTON ROAD STE 300W
    DALLAS,TX75225     		    RELIGIOUS 2,000
    SEMILLA INC
    P O BOX 65078
    VIRGINIA BEACH,VA23467     		    RELIGIOUS 20,500
    LEADERSOURCE SGA
    236 IRVINGTON SPRINGS ROAD
    LYNCHBURG,VA24503     		    RELIGIOUS 5,000
    DISCIPLE NATIONS ALLIANCE
    1220 E WASHINGTON STREET
    PHOENIX,AZ85034     		    RELIGIOUS 2,500
    SPORTS OUTREACH
    P O BOX 11855
    LYNCHBURG,VA24506     		    RELIGIOUS 3,500
    CHRYSALIS INTERNATIONAL
    10524 MOSS PARK ROAD STE 650
    ORLANDO,FL32832     		    RELIGIOUS 11,500
    CROWN FINANCIAL MINISTRIES
    4541 E ANDORA DRIVE
    PHOENIX,AZ85032     		    RELIGIOUS 2,000
    PROYECTO AMISTAD
    P O BOX 6777
    LAREDO,TX78042     		    RELIGIOUS 5,000
    LANE MEMORIAL UNITED METHODIST CHURCH
    1201 BEDFORD AVENUE
    ALTAVISTA,VA24517     		    RELIGIOUS 36,500
    CAMPUS OUTREACH OF LYNCHBURG VIRGINIA
    2436 RIVERMONT AVENUE
    LYNCHBURG,VA24503     		    RELIGIOUS 3,500
    EASTERN CATAWBA COOPERATIVE CHRISTIAN MINISTRY
    P O BOX 31
    NEWTON,NC28658     		    RELIGIOUS 10,000
    BLUE RIDGE PREGNANCY CENTER
    1915 THOMPSON DRIVE
    LYNCHBURG,VA24501     		    RELIGIOUS 2,000
    KONTAKTMISSION
    P O BOX 825
    HUMBOLDT,TN38343     		    RELIGIOUS 1,250
    MERCY CARE
    P O BOX 186
    FOREST,VA24551     		    RELIGIOUS 1,000
    YOUNG LIFE OF CENTRAL VIRGINIA
    P O BOX 3543
    LYNCHBURG,VA24503     		    RELIGIOUS 1,250
    VIRGINIA CENTER FOR INCLUSIVE COMMUNITIES
    5511 STAPLES MILL ROAD 202
    RICHMOND,VA23228     		    COMMUNITY SERVICE 250
    BEDFORD HOSPICE HOUSE INC
    P O BOX 985
    BEDFORD,VA24523     		    COMMUNITY SERVICE 5,000
    WELDON HOUSENCADD
    4201 NORTH 16TH STREET
    PHOENIX,AZ85016     		    COMMUNITY SERVICE 6,000
    ALTAVISTA AREA YMCA
    P O BOX 149
    ALTAVISTA,VA24517     		    COMMUNITY SERVICE 145,000
    MARTINSVILLE HENRY COUNTY SPCA
    132 JOSEPH MARTIN HIGHWAY
    MARTINSVILLE,VA24112     		    COMMUNITY SERVICE 200
    THE CENTER FOR WOMEN IN RACING
    4312 LEXINGTON ROAD
    PARIS,KY40361     		    COMMUNITY SERVICE 250
    CASA OF CENTRAL VA
    P O BOX 11373
    LYNCHBURG,VA24506     		    COMMUNITY SERVICE 1,500
    ALTAVISTA ON TRACK
    P O BOX 283
    ALTAVISTA,VA24517     		    COMMUNITY SERVICE 125
    ACADEMY OF FINE ARTS
    600 MAIN STREET
    LYNCHBURG,VA24504     		    ARTISTIC 80,000
    FORTE CHAMBER MUSIC INC
    P O BOX 3569
    LYNCHBURG,VA24503     		    ARTISTIC 5,000
    JOFFREY BALLET
    10 E RANDOLPH STREET
    CHICAGO,IL60601     		    ARTISTIC 1,500
    ARIZONA SCHOOL FOR CLASSICAL BALLET
    20820 N 25TH PLACE STE 110
    PHOENIX,AZ85050     		    ARTISTIC 7,500
    PHOENIX SYMPHONY
    75 N 2ND STREET
    PHOENIX,AZ85004     		    ARTISTIC 7,500
    RED ROCKS MUSIC FESTIVAL
    P O BOX 34
    SEDONA,AZ86339     		    ARTISTIC 1,000
    AVOCA
    1514 MAIN STREET
    ALTAVISTA,VA24517     		    OTHER CHARITABLE PURPOSE 9,000
    CAER REGION 2000
    828 MAIN STREET 12TH FLOOR
    LYNCHBURG,VA24504     		    OTHER CHARITABLE PURPOSE 10,000
    LINCOLN PARK ZOO
    2001 N CLARK STREET
    CHICAGO,IL60614     		    OTHER CHARITABLE PURPOSE 2,000
    ASSOCIATION OF SMALL FOUNDATIONS
    1720 N STREET NW
    WASHINGTON,DC20036     		    OTHER CHARITABLE PURPOSE 495
    POPLAR FOREST
    P O BOX 419
    FOREST,VA24551     		    OTHER CHARITABLE PURPOSE 16,666
    MARTINSVILLE CEMETERY ASSOCIATION
    P O BOX 246
    MARTINSVILLE,VA24114     		    OTHER CHARITABLE PURPOSE 500
    JAMES RIVER ASSOCIATION
    9 SOUTH 12TH STREET
    RICHMOND,VA23219     		    OTHER CHARITABLE PURPOSE 1,000
    MEALS ON WHEELS
    P O BOX 1388
    LYNCHBURG,VA24505     		    FOOD 500
    FOOD FOR THE HUNGRY
    1224 E WASHINGTON STREET
    PHOENIX,AZ85034     		    FOOD 23,000
    DAWN
    P O BOX 325
    ALTAVISTA,VA24517     		    FOOD 9,000
    ALTAVISTA ROTARY CLUB
    P O BOX 711
    ALTAVISTA,VA24517     		    FOOD 800
    SOCIETY OF ST ANDREW
    3383 SWEET HOLLOW ROAD
    BIG ISLAND,VA24526     		    FOOD 8,000
    PHOENIX HERPETOLOGICAL SOCIETY
    20710 NORTH SCOTTSDALE ROAD
    SCOTTSDALE,AZ85255     		    EDUCATION 5,000
    VIRGINIA TECHNICAL SCHOOL
    P O BOX 119
    ALTAVISTA,VA24517     		    EDUCATION 40,000
    GRAYHAWK ELEMENTARY PTO
    7525 E GRAYHAWK DRIVE
    SCOTTSDALE,AZ85255     		    EDUCATION 4,500
    MUSICAL INSTRUMENT MUSEUM
    4725 E MAYO BLVD
    PHOENIX,AZ85050     		    EDUCATION 4,000
    FAITH CHRISTIAN ACADEMY
    P O BOX 670
    HURT,VA24563     		    EDUCATION 5,000
    ALTAVISTA CHAMBER OF COMMERCE
    P O BOX 606
    ALTAVISTA,VA24517     		    EDUCATION 1,500
    VES
    400 VES ROAD
    LYNCHBURG,VA24503     		    EDUCATION 12,000
    ST CATHERINE'S SCHOOL
    6001 GROVE AVENUE
    RICHMOND,VA23226     		    EDUCATION 200
    PHOENIX HERPETOLOGICAL SOCIETY
    20710 N SCOTTSDALE ROAD
    SCOTTSDALE,AZ85255     		    EDUCATION 2,000
    CHRISTIAN FAMILY ACADEMY
    3612 FALLING CREEK ROAD
    HICKORY,NC28601     		    EDUCATION 5,000
    HICKORY CHRISTIAN ACADEMY
    P O BOX 5203
    HICKORY,NC28603     		    EDUCATION 25,000
    EPISCOPAL HIGH SCHOOL
    1200 N QUAKER LANE
    ALEXANDRIA,VA22302     		    EDUCATION 1,000
    FERRUM COLLEGE
    P O BOX 100
    FERRUM,VA24088     		    EDUCATION 5,000
    WASHINGTON & LEE UNIVERSITY
    DEVELOPMENT OFFICE
    LEXINGTON,VA24550     		    EDUCATION 1,000
    SOUTH CENTRAL AHEC
    119 MAIN STREET
    HURT,VA24563     		    MEDICAL 1,500
    MAYO CLINIC
    13400 E SHEA BLVD
    SCOTTSDALE,AZ85259     		    MEDICAL 9,000
    PREGNANCY CARE CENTER OF CATAWBA COUNTY
    P O BOX 9423
    HICKORY,NC28603     		    MEDICAL 10,000
    HABITAT FOR HUMANITY
    701 5TH STREET
    ALTAVISTA,VA24517     		    HOUSING 7,000
    Total .................................bullet 3a 603,986
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 2,227  
    4 Dividends and interest from securities....     14 85,939  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 136,881  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aTAX REFUND     01 79  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 225,126 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13225,126
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    THE MINNIE AND BERNARD LANE FOUNDATION
     
    Employer identification number

    54-6052404
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    THE MINNIE AND BERNARD LANE FOUNDATION
          		Employer identification number

    54-6052404
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    THE BB LANE CHILD'S CHAR TRUST B BB    
    630 FIFTH AVENUE
       
    NEW YORK, NY   10111

    		$72,772




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    THE BB LANE CHILD'S CHAR TRUST B DO    
    630 FIFTH AVENUE
       
    NEW YORK, NY   10111

    		$66,869




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
     
     

    THE BB LANE CHILD'S CHAR TRUST B LU    
    630 FIFTH AVENUE
       
    NEW YORK, NY   10111

    		$67,541




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    4
     
     

    THE BB LANE CHILD'S CHAR TRUST B WI    
    630 FIFTH AVENUE
       
    NEW YORK, NY   10111

    		$66,565




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    THE MINNIE AND BERNARD LANE FOUNDATION
          		Employer identification number

    54-6052404
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    THE MINNIE AND BERNARD LANE FOUNDATION
          		Employer identification number

    54-6052404
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 238 0   0
    SMITH LEONARD PLLC 9,384 0   0

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS 4.875% 42,813 42,642
    AVON PRODS INC, 5.125% 0 0
    ANALOG DEVICES INC, 5.00 % 60,369 65,210
    BB&T CORPORATION 3.2% 6 40,106 39,726
    DONNELLEY (R.R.) & SONS 4.95% 41,513 41,480
    EATON CORP, 5.95% 61,344 66,967
    KRAFT FOODS INC, 5.625% 60,724 61,658
    OHIO PWR CO, 5.3% 0 0
    OLDWESTBURY FIXED INCOME FD 3,159 3,471
    PRUDENTIAL FINANCIAL INC, 5.8% 30,182 31,522
    RYDER SYS INC, 5% 58,086 60,000
    TEXTRON FIN CORP BD, 4.6% 0 0
    UNITEDHEALTH GRP, 5.25%% 0 0

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMGEN INC COM 0 0
    AVERY DENNISON CORP 51,477 54,548
    AVON PRODS INC 27,435 32,448
    BANK NEW YORK MELLON CORP 38,123 41,818
    BANK OF AMERICA CORPORATION 54,944 55,986
    BLOCK H & R 39,001 60,264
    CHEVRON CORP 29,159 42,996
    CISCO SYS INC 39,290 37,730
    COMERICA INC 14,897 22,032
    COMPUTER SCIENCES CORP 68,529 77,968
    CVS CORP 39,942 41,184
    DELL INC COM 78,844 63,844
    DEVON ENERGY CORPORATION 58,611 87,182
    FEDEX CORP 13,308 28,065
    FIRST AMERICAN CORP 6,033 9,900
    FLEXTRONICS INTERNATIONAL LTD 70,637 62,001
    GENERAL ELECTRIC CO 41,543 26,065
    HEWLETT PACKARD 36,214 57,358
    HOME DEPOT INC 11,072 14,824
    HUTINGTON INGALLS INDUSTRIES 0 3,458
    INGERSOLL-RAND CO LTD 21,203 43,479
    ISHRS MSCI EAFE IND FND 309,540 256,181
    ISHARES MSCI GROWTH 1,623 1,307
    ISHARES S&P 500 GROWTH 2,018 1,992
    ISHARES TR S&P 500 INDEX 4,096 3,591
    INTL BUS MACH INC CORP 13,827 32,614
    JOHNSON & JOHNSON 36,868 47,400
    JP MORGAN & CHASE 46,684 92,200
    KB HOME COM 69,418 34,832
    KIMBERLY-CLARK CORP 59,478 65,270
    KOHLS CORP 20,868 26,520
    KONINKLIJKE PHILIP ELECTRONICS 18,460 19,302
    LINCOLN NATIONAL CORP 78,564 54,072
    LOCKHEED MARTIN CORP 35,468 40,200
    MACY'S INC COM 42,097 48,520
    MASCO CORP COM 44,646 37,584
    MCGRAW HILL COS INC 29,868 63,040
    MERCK & CO. 24,291 19,806
    METLIFE INC 28,585 33,548
    MICROSOFT CORP. 25,888 40,624
    NORTHROP GRUMMAN CORP 28,954 31,355
    OLDWESTBURY GL SM & MD CAP FD 2,343 2,571
    OLDWESTBURY REAL RETURN FD 4,841 4,309
    PFIZER INC 54,243 40,620
    PIONEER NAT RES CO 0 0
    ROYAL DUTCH PETE CO 34,793 51,002
    RUSS 3000 INDEX 16,176 14,583
    SEALED AIR CORP NEW COM 64,715 85,312
    SUPERVALU INC 60,055 36,613
    SYSCO CORP 0 0
    TRAVELERS COS INC 16,509 41,636
    VANGUARD MSCI EAFE ETF 300,907 252,402
    VAUGHAN BASSET FURNITURE INC. 2,693 2,056
    WAL MART STORES 18,100 20,820
    WALGREEN CO 29,746 40,140
    WELLPOINT INC 14,732 27,916
    WESTERN UNION CORP 33,866 49,848
    WHIRLPOOL CORP 40,498 42,680
    WILLIS GROUP HOLDINGS LTD 37,899 60,540

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    US Government Securities - End of Year Book Value:

    100,441
    US Government Securities - End of Year Fair Market Value:

    101,578
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2010 OtherExpensesSchedule
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 450 0   0
    OFFICE SUPPLIES 1,171 0   0
    TELEPHONE 857 0   0
    OFFICE EXPENSE 184 0   0
    MAINTENANCE 150 0   0
    POSTAGE 195 0   0


    TY 2010 OtherIncomeSchedule2
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TAX REFUND 79   79


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    Description Beginning of Year - Book Value End of Year - Book Value
    HEWLETT-PACKARD CALL OPTIONS 1,255 1,255


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WACHOVIA - AGENCY FEES 183 183   0
    WACHOVIA - INVESTMENT MANAGEMENT FEES 17,084 17,084   0
    BESSEMER - INVESTMENT MANAGEMENT FEES 2,031 2,031   0


    TY 2010 SubstantialContributorsSch
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    Name Address
    THE BB LANE CHILD'S CHAR TRUST B BB 630 FIFTH AVENUE
    NEW YORK,NY10111
    THE BB LANE CHILD'S CHAR TRUST B DO 630 FIFTH AVENUE
    NEW YORK,NY10111
    THE BB LANE CHILD'S CHAR TRUST B LU 630 FIFTH AVENUE
    NEW YORK,NY10111
    THE BB LANE CHILD'S CHAR TRUST B WI 630 FIFTH AVENUE
    NEW YORK,NY10111


    TY 2010 TaxesSchedule
    Name:
    THE MINNIE AND BERNARD LANE FOUNDATION
    EIN: 54-6052404
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 676 0   0
    FOREIGN TAXES WITHHELD 1,307 0   0
    ETIMATED TAXES 1,279 0   0