Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE JOHN E AND MARGARET L LANE FOUNDATION
 
% SPUR PHILANTHROPY
Number and street (or P.O. box number if mail is not delivered to street address)315 E PIKES PEAK AVE SUITE 120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLORADO SPRINGS, CO80903
A Employer identification number

31-1531619
B Telephone number (see instructions)

(719) 634-5566
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$51,248,721J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 415,842 370,262  
5a Gross rents............ 105,755 105,755 0
b Net rental income or (loss) -37
6a Net gain or (loss) from sale of assets not on line 10 1,658,611
b Gross sales price for all assets on line 6a 9,675,168
7 Capital gain net income (from Part IV, line 2)... 1,658,611
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 -1,036,256 -1,038,259  
12 Total. Add lines 1 through 11........ 1,143,952 1,096,369 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 26,630 19,305 0 7,325
b Accounting fees (attach schedule)....... Click to see attachment 72,446 51,446 0 21,000
c Other professional fees (attach schedule).... Click to see attachment 436,522 215,122   221,400
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 27,468 5,147    
19 Depreciation (attach schedule) and depletion... Click to see attachment 42,621 42,248  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 95,225 63,544   23,669
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 700,912 396,812 0 273,394
25 Contributions, gifts, grants paid....... 1,015,000 1,015,000
26 Total expenses and disbursements. Add lines 24 and 25 1,715,912 396,812 0 1,288,394
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -571,960
b Net investment income (if negative, enter -0-) 699,557
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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 Savings and temporary cash investments......... 1,923,398 767,545 767,545
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 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) 1,330,916 Click to see attachment6,597,932 6,798,885
b Investments—corporate stock (attach schedule)....... 8,829,938 Click to see attachment7,081,833 8,098,845
c Investments—corporate bonds (attach schedule).......   Click to see attachment1,000,000 1,000,000
11 Investments—land, buildings, and equipment: basis bullet1,478,840
Less: accumulated depreciation (attach schedule) bullet42,248   1,436,592 1,436,592
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,064,606 Click to see attachment16,257,325 23,424,274
14 Land, buildings, and equipment: basis bullet4,797
Less: accumulated depreciation (attach schedule) bullet4,237 933 Click to see attachment560 560
15 Other assets (describe bullet) Click to see attachment7,890,772 Click to see attachment9,722,020 Click to see attachment9,722,020
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 43,040,563 42,863,807 51,248,721
Liabilities 17 Accounts payable and accrued expenses.......... 90 0
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 attachment8,276 Click to see attachment13,226
23 Total liabilities (add lines 17 through 22)......... 8,366 13,226
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 43,032,197 42,850,581
29 Total net assets or fund balances (see instructions)..... 43,032,197 42,850,581
30 Total liabilities and net assets/fund balances (see instructions). 43,040,563 42,863,807
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
43,032,197
2
Enter amount from Part I, line 27a .....................
2
-571,960
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,428,009
4
Add lines 1, 2, and 3 ..........................
4
43,888,246
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,037,665
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
42,850,581
Form 990-PF (2021)
Form 990-PF (2021)
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 SHORT TERM CAPITAL GAIN/LOSS      
b LONG TERM CAPITAL GAIN/LOSS      
c PASSTHROUGH SHORT TERM GAIN/LOSS      
d PASSTHROUGH LONG TERM GAIN/LOSS      
e AVE EUROPE CAPITAL - DISPOSAL ON K-1 D    
ARMONK CAPITAL - DISPOSAL ON K-1 D    
AG SF (L) - ADJUSTMENT FOR NEW K-1 D    
TALARA OPP IV - DISPOSAL ON K-1 D    
IOF INVESTMENT SETTLEMENT GAIN/LOSS P    
CAPITAL GAIN DISTRIBUTIONS      
(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 3,548,742   3,273,028 275,714
b 4,914,012   3,946,284 965,035
c     30,968 -30,968
d 571,156     571,156
e 70,380     70,380
    110,205 -110,205
42,156     42,156
    17,533 -17,533
433,361   635,846 -202,485
95,361     95,361
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       275,714
b       967,728
c       -30,968
d       571,156
e       70,380
      -110,205
      42,156
      -17,533
      -202,485
      95,361
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 1,658,611
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 instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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  
3 Add lines 1 and 2........................... 3 9,724
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,724
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 18,800
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 18,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 98
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,978
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet8,978 RefundedBullet 11  
Part VI-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 the instructions
for the 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    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 instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.lanefoundation.org
    14
    The books are in care ofbulletSPUR PHILANTHROPY Telephone no.bullet (303) 594-0928

    Located atbullet315 E PIKES PEAK AVE SUITE 120COLORADO SPRINGSCO ZIP+4bullet80903
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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 instructions ..........
    1b
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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 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? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    3b
     
    No
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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 instructions ........
    5b
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See 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
    Anita K LaneClick to see attachment Director
    1.0     		0 0 0
    315 E PIKES PEAK AVE SUITE 120
    COLORADO SPRINGS,CO80903
    PHILIP R LANEClick to see attachment Secretary and Chairman
    1.0     		0 0 0
    315 E PIKES PEAK AVE SUITE 120
    COLORADO SPRINGS,CO80903
    David J LaneClick to see attachment Director
    1.0     		0 0 0
    315 E PIKES PEAK AVE SUITE 120
    COLORADO SPRINGS,CO80903
    Antonio F RosendoClick to see attachment President
    40.0     		0 0 0
    315 E PIKES PEAK AVE SUITE 120
    COLORADO SPRINGS,CO80903
    Eric RyanClick to see attachment Director and Treasurer
    1.0     		0 0 0
    315 E PIKES PEAK AVE SUITE 120
    COLORADO SPRINGS,CO80903
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Cherry Creek Family Offices INVESTMENT ADVISOR 110,000
    210 University Blvd 650
    DENVER,CO80206
    Spur Philanthropy MANAGEMENT SERVICES 246,000
    315 E Pikes Peak Ave 120
    COLORADO SPRINGS,CO80903
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-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  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see 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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see 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
    16,411,259
    b
    Average of monthly cash balances.......................
    1b
    1,532,014
    c
    Fair market value of all other assets (see instructions)................
    1c
    32,545,415
    d
    Total (add lines 1a, b, and c).........................
    1d
    50,488,688
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    50,488,688
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    757,330
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    49,731,358
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,486,568
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    2,486,568
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    9,724
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,724
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,476,844
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,476,844
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    2,476,844
    Part XI
    Qualifying Distributions (see 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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 2,476,844
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 8,512,930
    b From 2017...... 1,444,349
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 9,957,279
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,288,394
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 1,288,394
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,188,450 1,188,450
    (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 8,768,829
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		7,324,480
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,444,349
    10 Analysis of line 9:
    a Excess from 2017.... 1,444,349
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see 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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    CHEYENNE MOUNTAIN ZOO
    4250 CHEYENNE MOUNTAIN ZOO RD
    COLORADO SPRINGS,CO80906     		NONE PC GENERAL FUND 100,000
    COLORADO COLLEGE
    14 E CACHE LA POUDRE ST
    COLORADO SPRINGS,CO80903     		NONE PC QUAD INNOVATION PILOT PROGRAM 100,000
    ATLAS PREP
    1450 Academy Park Loop
    Colorado Springs,CO80910     		None PC General Fund 100,000
    Peak Education Inc
    1645 S Murray BLVD
    COLORADO SPRINGS,CO80916     		NONE PC General fund 50,000
    COLORADO SPRINGS FINE ARTS CENTER
    30 W DALE ST
    COLORADO SPRINGS,CO80903     		NONE PC GENERAL FUND 100,000
    Children's Hospital Colorado Foundation
    13123 E 16th Avenue
    Aurora,CO80045     		NONE PC General Fund 345,000
    HUMANE SOCIETY OF THE PIKES PEAK REGION
    610 Abbot Ln
    Colorado Springs,CO80905     		NONE PC GENERAL FUND 100,000
    YOUNG LIFE COLLEGE
    420 N Cascade Ave
    Colorado Springs,CO80903     		NONE PC GENERAL FUND 25,000
    DOWNTOWN VENTURES
    111 S Tejon St UNIT 703
    Colorado Springs,CO80903     		NONE PC GENERAL FUND, ACTIVE SHOOTER KIT 10,000
    Pikes Peak Community Foundation
    102 S Tejon St 530
    Colorado Springs,CO80903     		NONE PC GENERAL FUND 7,000
    University of Colorado Colorado Springs
    1420 Austin Bluffs Pkwy
    Colorado Springs,CO80918     		NONE PC GENERAL FUND, CYBERSECURITY CAPITAL FUND 40,000
    Pikes Peak Outdoor Recreation Alliance
    102 S Tejon St Suite 1200
    Colorado Springs,CO80903     		NONE PC GENERAL FUND 10,000
    SOUTHERN COLORADO FCA
    PO Box 62658
    COLORADO SPRINGS,CO80962     		NONE PC GENERAL FUND 25,000
    INTEGRUS LEADERSHIP LLC
    PO Box 10408
    COLLEGE STATION,TX77842     		NONE PC GENERAL FUND 3,000
    Total .................................bullet 3a 1,015,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 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 ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property     16 -37  
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,658,611  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASSTHROUGH - OTHER INCOME     		523920 -151,280 01 -885,985  
    bMISCELLANEOUS INCOME     01 1,009  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -151,280 1,189,440  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,038,160
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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
    Sign Here
    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) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 72,446 51,446   21,000

    TY 2021 CompensationExplanation
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Person Name Explanation
    Antonio F Rosendo ANTONIO ROSENDO IS A MANAGER OF SPUR PHILANTHROPY, LLC AND RECEIVES A SCHEDULE K-1 FOR HIS SHARE OF MANAGEMENT FEES PAID BY THE LANE FOUNDATION TO SPUR PHILANTHROPY. SEE PART VIII, LINE 3 FOR THE TOTAL MANAGEMENT SERVICE FEES PAID BY THE FOUNDATION TO SPUR PHILANTHROPY.

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    2 LAPTOPS 2015-08-28 2,853 2,853 M5          
    LAPTOP 2019-08-28 1,944 1,011 M5   373      
    9 S WEBER ST-BLDG 2021-01-01 1,237,301   M39   30,450      
    9 S WEBER ST-LAND 2021-01-01 229,741   L          
    FURNITURE 2021-07-01 6,828   M7          
    PARKING LOT 2021-09-16 4,970   M15          

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NORWOOD ENTERPRISE BOND 1,000,000 1,000,000

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MUTUAL FUNDS 3,896,015 4,212,668
    ETF'S & CLOSED-END FUNDS 1,185,725 1,369,521
    CORPORATE STOCKS 229,642 635,385
    SCHWAB STOCKS FMV 1,325,858 1,325,858
    GOLUB CAPITAL PARTNERS I 444,593 555,413

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    US Government Securities - End of Year Book Value:

    6,597,932
    US Government Securities - End of Year Fair Market Value:

    6,798,885
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PRIVATE NOTES   0 0
    PRIVATE EQUITY SECURITIES   4,108,050 4,108,050
    PARTNERSHIP INTERESTS   11,781,100 18,948,049
    DISTRIBUTIONS RECEIVABLE   368,175 368,175
    CITI BANK   0 0

    TY 2021 LandEtcSchedule2
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    2 LAPTOPS 2,853 2,853    
    LAPTOP 1,944 1,384 560  


    TY 2021 LegalFeesSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 26,630 19,305   7,325


    TY 2021 OtherAssetsSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LOAN RECEIVABLE - DDA 850,000 850,000 850,000
    ARTWORK 108,800 108,800 108,800
    PRECIOUS METALS 353,800 353,800 353,800
    PREPAID EXPENSES 2,401 0 0
    315 COLLECTIVE LLC 4,108,729 7,409,420 7,409,420
    LOAN RECEIVABLE - EXP IMPACT 1,000,000 1,000,000 1,000,000
    LANE COMM VENTURES LLC 1,467,042 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Description Amount
    K-1 BOOK/TAX DIFFERENCES 2,292
    INVESTMENT BOOK/TAX DIFFERENCES 1,035,373


    TY 2021 OtherExpensesSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE FEES 466     466
    COMPUTER AND INTERNET 1,178     1,178
    OFFICE EXPENSES 2,684     2,684
    DUES & SUBSCRIPTIONS 6,437      
    INSURANCE 256     256
    MARKETING 340     340
    CHARITABLE MEALS 3,372     3,372
    SPONSORSHIP 12,500     12,500
    MISC EXPENSES 2,873     2,873
    ENTERTAINMENT 1,575      
    Rent and Royalty Expense 63,544 63,544    


    TY 2021 OtherIncomeSchedule2
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Passthrough - Other Income -1,037,265 -1,039,268  
    Miscellaneous Income 1,009 1,009  


    TY 2021 OtherIncreasesSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Description Amount
    CHANGE IN UNREALIZED GAIN/LOSS 1,428,009


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 8,276 13,226


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 66,941 66,941    
    ADVISORY FEES 123,581 123,581    
    MANAGEMENT FEES 246,000 24,600   221,400


    TY 2021 TaxesSchedule
    Name:
    THE JOHN E AND MARGARET L LANE FOUNDATION
    EIN:
    31-1531619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 5,147 5,147    
    EXCISE TAX 22,321