Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 04-01-2023 , and ending 03-31-2024
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 or province, country, and ZIP or foreign postal code
ALTAVISTA, VA24517
A Employer identification number

54-6052404
B Telephone number (see instructions)

(434) 369-6663
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$5,849,489J 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 right arrow.............
3 Interest on savings and temporary cash investments 155 155  
4 Dividends and interest from securities... 108,183 108,183  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 181,424
b Gross sales price for all assets on line 6a 350,972
7 Capital gain net income (from Part IV, line 2)... 181,424
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).......      
12 Total. Add lines 1 through 11........ 289,762 289,762  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,421 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
10,059 10,059   0
17 Interest............... 339 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,067 607   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 3,000 0   0
21 Travel, conferences, and meetings....... 216 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,017 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,119 10,666   0
25 Contributions, gifts, grants paid....... 288,500 288,500
26 Total expenses and disbursements. Add lines 24 and 25 316,619 10,666   288,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -26,857
b Net investment income (if negative, enter -0-) 279,096
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 36,296 97,568 97,568
2 Savings and temporary cash investments......... 614,036 696,251 696,251
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,871,223 Click to see attachment
List of Attached Documents:
// Content
1,705,879 		4,680,375
c Investments—corporate bonds (attach schedule)....... 431,944 Click to see attachment
List of Attached Documents:
// Content
431,944 		375,295
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow16,744
Less: accumulated depreciation (attach schedule) right arrow16,744      
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,953,499 2,931,642 5,849,489
Liabilities 17 Accounts payable and accrued expenses..........    
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 2,953,499 2,931,642
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 2,953,499 2,931,642
30 Total liabilities and net assets/fund balances (see instructions). 2,953,499 2,931,642
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
2,953,499
2
Enter amount from Part I, line 27a .....................
2
-26,857
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,000
4
Add lines 1, 2, and 3 ..........................
4
2,931,642
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,931,642
Form 990-PF (2023)
Form 990-PF (2023)
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 TRUIST INVESTMENT P   2023-12-31
b BESSEMER TRUST-LIT SETTLEMENT P   2023-12-31
c BESSEMER TRUST P   2023-12-31
d
e
(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 165,553   45,954 119,599
b 68     68
c 185,351   123,594 61,757
d
e
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       119,599
b       68
c       61,757
d
e
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 2 181,424
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  
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 right arrow 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) 1 3,879
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 0
3 Add lines 1 and 2........................... 3 3,879
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 3,879
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,331
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,331
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,548
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowVA
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowN/A
14
The books are in care ofright arrowDOUGLAS LANE TRUSTEE Telephone no.right arrow (434) 369-6663

Located atright arrow414 WASHINGTON STREETALTAVISTAVA ZIP+4right arrow24517
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
DOUGLAS LANE TRUSTEE
2.00 		0 0 0
PO BOX 359
ALTAVISTA,VA24517
RICK LANE TRUSTEE
2.00 		0 0 0
PO BOX 359
ALTAVISTA,VA24517
LUCY LANE CORWIN 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 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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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 N/A 0
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
4,716,185
b
Average of monthly cash balances.......................
1b
701,824
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,418,009
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
5,418,009
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
81,270
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,336,739
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
266,837
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
266,837
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,879
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,879
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
262,958
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
262,958
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
262,958
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
288,500
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
288,500
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 262,958
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021...... 20,598
e From 2022...... 10,841
f Total of lines 3a through e ........ 31,439
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 288,500
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 262,958
e Remaining amount distributed out of corpus 25,542
5 Excess distributions carryover applied to 2023. 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 56,981
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 instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		56,981
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 20,598
d Excess from 2022.... 10,841
e Excess from 2023.... 25,542
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
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 right arrow
aThe name, address, and telephone number or e-mail address 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 (2023)
Form 990-PF (2023)
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

ALLIANCE DEFENDING FREEDOM

15100 N 90TH STREET
SCOTTSDALE,AZ85260 		  PC PRESERVE, PROMOTE RELIGIOUS FREEDOM, SANCTITY OF LIFE, MARRIAGE, FAMILY IN THE PUBLIC SQUARE 2,500

ALTAVISTA AREA HABITAT FOR HUMANITY

PO BOX 232
ALTAVISTA,VA24517 		  PC ASSISTANCE FOR HOUSING FOR THE NEEDY IN THE COMMUNITYSUPPORT FOR SAFE, AFFORDABLE HOUSING FOR NEEDY FAMILIES IN COMMUNITY 5,000

ALTAVISTA AREA YMCA

PO BOX 149
ALTAVISTA,VA24517 		  PC GENERAL FUNDING FOR COMMUNITY SERVICE 25,500

ALTAVISTA ROTARY CLUB

PO BOX 711
ALTAVISTA,VA24517 		  PC FOOD FOR NEEDY FAMILIES IN THE COMMUNITY 500

AMAZEMENT SQUARE

27 NINTH STREET
LYNCHBURG,VA24504 		  PC COMMUNITY ACTIVITIESSUPPORT FOR CHILDREN'S MUSEUM MEMORIAL 1,500

AMERICAN CENTER FOR LAW AND JUSTICE

P O BOX 90555
WASHINGTON,DC20077 		  PC PROTECTING RELIGIOUS FREEDOMS 1,000

ANTIOCH PARTNERS

7132 PORTLAND AVENUE 136
RICHFIELD,MN55423 		  PC SUPPORT FOR LONG-TERM CROSS-CULTURAL MINISTRY 23,500

AUSTIN INSTITUTE

3206 FAIRFAX WALK
AUSTIN,TX78705 		  PC STUDY OF FAMILY AND CULTURE 2,500

AVOCA MUSEUM

1514 MAIN STREET
ALTAVISTA,VA24517 		  PC SUPPORT FOR EDUCATIONAL/HISTORICAL MUSEUM 7,000

BLUE RIDGE PREGNANCY CENTER

1915 THOMSON DRIVE
LYNCHBURG,VA24501 		  PC MINISTRY TO FAMILIES & SUPPORT DURING PREGNANCY 15,000

CAMPBELL COUNTY HISTORICAL SOCIETY

PO BOX 595
RUSTBURG,VA24588 		  GOV COMMUNITY MUSEUM & GENEALOGICAL RESOURCE CENTER 250

CAMPBELL COUNTY SOCIAL SERVICES

PO BOX 860
RUSTBURG,VA24588 		  GOV COMMUNITY SERVICE FUND FOR NEEDY FAMILIES 250

CAMPUS OUTREACH OF LYNCHBURG VA

2436 RIVERMONT AVENUE
LYNCHBURG,VA24503 		  PC MINISTRY ON COLLEGE CAMPUS 5,100

CASA OF CENTRAL VA

PO BOX 11373
LYNCHBURG,VA24506 		  PC SUPPORT FOR PLACING ABUSED & NEGLECTED CHILDREN IN SAFE NURTURING HOMES 2,000

CENTRA HEALTH FOUNDATION

1920 ATHERHOLT ROAD
LYNCHBURG,VA24501 		  PC MEDICAL WELLNESS AND HEALTH SCREENING CLINICAL CARE 1,500

CHRIST THE KING

484 9TH AVENUE NW
HICKORY,NC28601 		  PC RELIGIOUS 5,000

CHRYSALIS INTERNATIONAL INC

263 WEXFORD COURT
ALTAMONTE SPRINGS,FL32714 		  PC MISSION TO DISCIPLE NATIONS THROUGH CHRISTIAN EDUCATION 15,500

CLAIRE PARKER FOUNDATION

P O BOX 523
ALTAVISTA,VA24517 		  PC PROVIDE EMOTIONAL, SPIRITUAL & FINANCIAL SUPPORT FOR FAMILIES OF CRITICALLY ILL CHILDREN 1,000

CONGRESO IBEROAMERICANO POR THE FAMILY

1101 PENN AVENUE NW STE 390
WASHINGTON,DC20004 		  PC EDUCATION 3,000

COOL BRANCH VOLUNTEER FIRE COMPANY

PO BOX 76
PENHOOK,VA24137 		  PC COMMUNITY SERVICE 100

COOL BRANCH VOLUNTEER RESCUE SQUAD

PO BOX 54
PENHOOK,VA24137 		  PC COMMUNITY SERVICE 100

CORINTH REFORMED CHURCH

150 16TH AVENUE NW
HICKORY,NC28601 		  PC RESTRICTED-LANE MISSION HOUSE 2,500

CORNERSTONE COUNSELING

439 1ST AVENUE NW
HICKORY,NC28601 		  PC COUNSELING 10,000

CRAFTS UNITED METHODDIST CHURCH

30 CRAFTS LANE
GLAD HILL,VA24092 		  PC RELIGIOUS 2,000

DAWN

PO BOX 325
ALTAVISTA,VA24517 		  PC FOOD FOR NEEDY FAMILIES IN THE COMMUNITY 10,000

DAY SUPPORT OF CVA EMPOWER

1030 MCCONVILLE RD STE 7
LYNCHBURG,VA24502 		  PC ENCOURAGE AND EMPOWER INDIVIDUALS TO BE ACTIVE MEMBERS OF THEIR COMMUNITY 500

DISCIPLE NATIONS ALLIANCE

1110 E MISSOURI AVENUE 393
PHOENIX,AZ85014 		  PC RELIGIOUS - TO PROMOTE SOCIAL AND CULTURAL TRANSFORMATION THROUGHOUT THE WORLD THROUGH EVANGELISM 2,000

EPISCOPAL HIGH SCHOOL

1200 N QUAKER LANE
ALEXANDRIA,VA22302 		  PC EDUCATION 1,000

EPWORTH METHODIST CHURCH

PO BOX 25
THAXTON,VA24174 		  PC RELIGIOUS MINISTRY 4,000

FAITH CHRISTIAN ACADEMY

PO BOX 670
HURT,VA24563 		  PC SUPPORT FOR SCHOLARSHIPS 7,000

FDM WORLD INC

P O BOX 7866
HORSESHOE BAY,TX78657 		  PC RELIGIOUS MINISTRY TO MAKE DISCIPLES, BUILD MARRIAGES AND REACH FAMILIES 1,000

FIRST PRESBYTERIAN CHURCH

404 NORTH ALAMO
SAN ANTONIO,TX78205 		  PC KRL PARTNERS ENGAGED IN PREGNANCY CARE 1,500

FREE CLINIC OF CENTRAL VA

1016 MAIN STREET
LYNCHBURG,VA24504 		  PC MEDICAL - COMMUNITY-WIDE EFFORT TO IMPROVE HEALTH 2,000

GIDEONS INTERNATIONAL

P O BOX 132076
WOODLANDS,TX77393 		  PC RELIGIOUS; SPREADING THE WORD 1,500

GLADE HILL VOLUNTEER FIRE

6680 OLD FRANKLIN TPKE
GLADE HILL,VA24092 		  PC SERVE CITIZENS OF FRANKLIN COUNTY, VASERVE CITIZENS OF FRANKLIN COUNTY, VA 100

GLADE HILL VOLUNTEER RESCUE

9825 OLD FRANKLIN TPKE
UNION HALL,VA24176 		  PC SERVE CITIZENS OF FRANKLIN COUNTY, VA 100

GOOD NEWS UMC

PO BOX 132076
THE WOODLANDS,TX77393 		  PC UMC MAGAZINE AND MOVEMENT FOR SPIRITUAL RENEWAL AND REVITALIZATION OF CHRISTIAN DISCIPLES 500

GRACE COVENANT CHURCH

304 MINOR RIDGE ROAD
CHARLOTTESVILLE,VA22901 		  PC RELIGIOUS 500

GRACENOTES-CO AUSTIN BIBLE CHURCH

1705 AGGIE LANE
AUSTIN,TX78746 		  PC AFRICAN BIBLE STUDIES ONLINE 4,500

HICKORY CHRISTIAN ACADEMY

3260 6TH STREET DR NW
HICKORY,NC28601 		  PC EDUCATION; SUPPORT FOR SCHOLARSHIPS 5,000

INTERNATIONAL STUDENTS

PO BOX C
COLORADO SPRINGS,CO80901 		  PC RELIGIOUS MINISTRY TO INTERNATIONAL STUDENTS 500

INTERVARSITY CHRISTIAN FELLOWSHIP

PO BOX C
COLORADO SPRINGS,CO80901 		  PC RELIGIOUS MINISTRIES 1,000

JAMES RIVER ASSOCIATION

4833 OLD MAIN STREET
RICHMOND,VA23231 		  PC PROTECTING & RESTORING HEALTH OF JAMES RIVER & CONNECTING COMMUNITIES 2,000

KIDS OUTDOOR ZONE

9508 CHISHOLM TRAIL
AUSTIN,TX78748 		  PC RELIGIOUS 3,000

LAKE CHRISTIAN MINISTRIES

PO BOX 695
MONETA,VA24121 		  PC PROVIDE FOOD, CLOTHES & HOUSEHOLD GOODS TO NEEDY FAMILIES 2,000

LANE MEMORIAL UNITED METHODIST CHURCH

1201 BEDFORD AVENUE
ALTAVISTA,VA24517 		  PC RELIGIOUS GENERAL FUNDING 4,000

LAUNCH GLOBAL

PO BOX 679913
DALLAS,TX75267 		  PC RELIGIOUS 3,000

LEADER SOURCE SGA

513 SOUTH MAIN STREET 2
ELKHART,IN46516 		  PC LEADER DEVELOPMENT - SERVE CHURCH LEADERS WORLDWIDE 3,000

LEADERSHIP INSTITUTE

1101 N HIGHLAND STREET
HIGHLAND,VA22201 		  PC EDUCATION 1,000

LEESVILLE COMMUNITY FELLOWSHIP

6528 BEDFORD HWY
LYNCH STATION,VA24571 		  PC RELIGIOUS MINISTRY 4,000

LIBERTY UNIVERSITY

PO BOX 10425
LYNCHBURG,VA24506 		  PC RELIGIOUS 5,000

LIFE IMPACT INC

P O BOX 906
BEND,OR97709 		  PC RELIGIOUS, MINISTRY TO MISSIONARIES 6,000

LYNCHBURG BEACON OF HOPE

PO BOX 1261
LYNCHBURG,VA24504 		  PC COUNSELING AND SCHOLARSHIPS FOR COLLEGE & TECHNICAL CERTIFICATION PROGRAMS 1,000

MARTINSVILLE CEMETERY ASSOCIATION

PO BOX 246
MARTINSVILLE,VA24114 		  PC SUPPORT FOR MAINTENANCE OF CEMETERY 300

MEDICAL INSTITUTE

PO BOX 794845
DALLAS,TX75379 		  PC MEDICAL - HAD THE TALK CAMPAIGN 1,000

MT HERMON METHODIST CHURCH

171 MT HERMON ROAD
LYNCH STATION,VA24571 		  PC RELIGIOUS MINISTRY 3,000

NATIONAL CENTER FOR PUBLIC POLICY RESEARCH

2005 MASSACHUSETTS AVE NW
WASHINGTON,DC20036 		  PC EDUCATE THE PUBLIC ON IMPROVEMENTS IN MINORITY ISSUES 6,000

NATIONAL D-DAY MEMORIAL FOUNDATION

P O BOX 77
BEDFORD,VA24523 		  PC TO PRESERVE THE LESSONS AND LEGACIES OF D-DAY, JUNE 6, 1944 EDUCATIONAL MISSION 2,200

NCLL

PO BOX 5076
LARGO,FL33779 		  PC RELIGIOUS 2,000

NEW PROSPECT BAPTIST CHURCH

PO BOX 547 509 PROSPECT RD
HURT,VA24563 		  PC RELIGIOUS MINISTRY 2,000

ORANGE COUNTY RESUCE MISSION

1 HOPE DRIVE
TUSTIN,CA92782 		  PC COMMUNITY SERVICE 1,000

PENHOOK METHODIST CHURCH

29 MORGANS FORD ROAD
RENHOOK,VA24501 		  PC RELIGIOUS MINISTRY 2,000

POPLAR FOREST

PO BOX 419
FOREST,VA24551 		  PC SUPPORT FOR EDUCATIONAL/HISTORICAL MUSEUM 500

PRACTICE MINISTRIES

6125 LUTHER LANE STE 183
DALLAS,TX75225 		  PC FATHERS & CHILDREN BIBLE STUDIES 1,000

PREGNANCY CARE CENTER OF CATAWBA VALLEY

PO BOX 9423
HICKORY,NC28603 		  PC MINISTRY TO FAMILIES 25,000

PRESBYTERIAN CHILDREN'S HOMES AND SERVICES

PO BOX 140888
AUSTIN,TX78714 		  PC CHILDREN AND ADOPTION SERVICE 1,000

PROVIDENCE FOUNDATION

PO BOX 6759
CHARLOTTESVILLE,VA22906 		  PC SPREADING LIBERTY AMONG THE NATIONS 1,000

RANDOLPH MACON ACADEMY

200 ACADEMY DRIVE
FRONT ROYAL,VA22630 		  PC EDUCATION 1,000

RESONATE GLOBAL MISSION

1700 28TH ST SE
GRAND RAPIDS,MI49508 		  PC SUPPORTING MINISTRIES IN NORTH AMERICA TO SHARE GOOD NEWS 500

ROADS TO RECOVERY

3000 LANGHORNE ROAD
LYNCHBURG,VA24503 		  PC PUBLIC HEALTH- SUPPORT RECOVERY PROGRAMS 1,500

SEMILLA INC

325 MADISON AVENUE
CAPE CHARLES,VA23310 		  PC US BASED LATIN AMERICAN LEADERSHIP DEVELOPMENT SERVING CHRISTIAN LEADERS 7,000

SMITH MT LAKE MV FIRERESCUE DEPARTMENT INC

P O BOX 899
HARDY,VA24101 		  PC FIRE/RESCUE SERVICES 500

SPORTS OUTREACH INSTITUTE

PO BOX 11855
LYNCHBURG,VA24506 		  PC TRAIN & EQUIP CHRISTIAN LEADERS TO SHARE THE GOSPEL WORLDWIDE THROUGH SPORTS 2,500

THE AGAPE CENTER

PO BOX 573
MONETA,VA24121 		  PC FOOD, CLOTHING, MEDICAL, PERSONAL, AND SPIRITUAL ASSISTANCE 1,000

THE HEARTLAND INSTITUTE

3939 N WILKE RD
ARLINGTON HTS,IL60004 		  PC EDUCATION TO DEVELOP SOLUTIONS TO SOCIAL AND ECONOMIC PROBLEMS 1,000

THE JUSTICE FOUNDATION

8023 VANTAGE DRIVE STE 1275
SAN ANTONIO,TX78230 		  PC SUPPORT FUNDAMENTAL FREEDOMS TO PRESERVE AMERICAN SOCIEY BY PROVIDING FREE LEGAL SERVICES 2,000

THE POCKET TESTAMENT LEAGUE

PO BOX 800
LITITZ,PA17543 		  PC RELIGIOUS GOSPEL SHARING KITS 4,000

THREE INTO ONE

624 MAIN STREET
ALTAVISTA,VA24517 		  PC COMMUNITY OUTREACH 500

VES

400 VES ROAD
LYNCHBURG,VA24503 		  PC EDUCATION 1,000

VIRGINIA TECHNICAL INSTITUTE

201 OGDEN ROAD
ALTAVISTA,VA24517 		  PC EDUCATION 1,000

WESLEYAN COVENANT ASSOCIATION

PO BOX 667
REYNOLDSBURG,OH43068 		  PC RELIGIOUS 6,000

YOUNG LIFE OF CENTRAL VIRGINIA

PO BOX 5184
HARLAN,IA51593 		  PC RELIGIOUS MINISTRY 2,000
Total .................................right arrow 3a 288,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		    14 155  
4 Dividends and interest from securities ....     14 108,183  
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          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 181,424  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 289,762 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
289,762
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE MINNIE AND BERNARD LANE FOUNDATION
EIN:
54-6052404
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 7,421 0   0

TY 2023 GeneralExplanationAttachment
Name:
THE MINNIE AND BERNARD LANE FOUNDATION
EIN:
54-6052404
Identifier Return Reference Explanation
RESTATEMENT OF 2021 (FYE 3-31-22) FORM 990PF PAGE 9 PART XII UNDISTRIBUTED INCOME A CHECK MADE PAYABLE TO A QUALIFIED CHARITY, CORINTH REFORMED CHURCH FOR $5,000-CHECK #1545 HAS NOT CLEARED AND IS CONSIDERED TO BE VOID.A CONTRIBUTION DEDUCTION OF $5,000 WAS INCLUDED ON THE 2021 RETURN (FYE 3-31-2022) AND NOT ADJUSTED ON THE 2022 RETURN (FYE 3-31-2023).A REDUCTION OF THE EXCESS DISTRIBUTIONS FROM 2021 WAS MADE ON THIS CURRENT YEAR RETURN OF $5,000 AND SHOWN AS A PRIOR PERIOD ADJUSTMENT WHEN RECONCILING THE FUND BALANCE.

TY 2023 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
OW FIXED INCOME FUND 431,944 375,295

TY 2023 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
ISHRS MSCI EAFE IND FND 103,054 113,720
OW SMALL & MID CAP FUND 75,638 83,144
RUSS 3000 INDEX 21,641 76,220
VANGUARD FTSE DEVL ETF 111,200 125,425
VAUGHAN-BASSETT FURN CO 2,693 2,693
OW CREDIT INCOME FUND 77,360 61,810
OW ALL CAP CORE FD 133,781 271,541
OW LARGE CAP STRATEGIES FD 205,434 329,250
VANGUARD FTSE ALL-WORLD EX-US 50,146 60,116
VANGUARD INTL GRWTH PTFLIO 32,166 52,205
VANGUARD SMCAP INDEX ADMIR 99,462 282,462
ISHARES RUSSELL 3000 ETF 396,375 1,609,629
VANGUARD TOTAL STOCK MARKET ETF 396,929 1,612,160

TY 2023 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 2,414 0   0
TELEPHONE 1,817 0   0
POSTAGE AND DELIVERY 336 0   0


TY 2023 OtherIncreasesSchedule
Name:
THE MINNIE AND BERNARD LANE FOUNDATION
EIN:
54-6052404
Description Amount
CONTRIBUTION DEDUCTED PRIOR YEAR NOT CASHED 5,000


TY 2023 OtherProfessionalFeesSchedule
Name:
THE MINNIE AND BERNARD LANE FOUNDATION
EIN:
54-6052404
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 2,124 2,124   0
OTHER PROFESSIONAL 7,935 7,935   0


TY 2023 TaxesSchedule
Name:
THE MINNIE AND BERNARD LANE FOUNDATION
EIN:
54-6052404
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD 607 607   0
ESTIMATED TAX 1,460 0   0