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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE DOUG AND GAY LANE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1972
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOCA GRANDE, FL33921
A Employer identification number

22-3554995
B Telephone number (see instructions)

(917) 757-6006
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$9,688,724J 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) 865,904
2 Check right arrow.............
3 Interest on savings and temporary cash investments 77,042 77,042  
4 Dividends and interest from securities... 162,040 162,040  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 616,580
b Gross sales price for all assets on line 6a 2,503,053
7 Capital gain net income (from Part IV, line 2)... 1,680,071
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........ 1,721,566 1,919,153  
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).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,809 3,809   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,450 24,450   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,259 28,259   0
25 Contributions, gifts, grants paid....... 1,139,470 1,139,470
26 Total expenses and disbursements. Add lines 24 and 25 1,167,729 28,259   1,139,470
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 553,837
b Net investment income (if negative, enter -0-) 1,890,894
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 1,459,429 1,051,134 1,051,134
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)....... 5,521,493 Click to see attachment
List of Attached Documents:
// Content
6,483,625 		8,637,590
c Investments—corporate bonds (attach schedule).......      
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 arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,980,922 7,534,759 9,688,724
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........ 127,721 127,721
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 6,853,201 7,407,038
29 Total net assets or fund balances (see instructions)..... 6,980,922 7,534,759
30 Total liabilities and net assets/fund balances (see instructions). 6,980,922 7,534,759
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
6,980,922
2
Enter amount from Part I, line 27a .....................
2
553,837
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,534,759
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
7,534,759
Form 990-PF (2024)
Form 990-PF (2024)
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 500 SH AIR LEASE CORP P 2018-11-06 2024-03-22
b 1000 SH AIR LEASE CORP P 2020-10-20 2024-03-22
c 500 SH AIR LEASE CORP P 2013-09-20 2024-03-22
d 500 SH ALCOA CORP P 2023-01-26 2024-11-08
e 303 SH AMERICAN AIRLINES GROUP D 2019-02-28 2024-07-05
697 SH AMERICAN AIRLIES GROUP P 2019-06-18 2024-07-05
1500 SH AMERICAN AIRLIES GROUP D 2013-12-03 2024-07-05
2000 SH AMERICAN AIRLIES GROUP P 2020-10-20 2024-07-05
300 SH AMERICAN EXPRESS CO D 2023-10-27 2024-06-05
200 SH AMERICAN EXPRESS CO D 2023-10-27 2024-07-05
1000 SH ANHEUSER BUSCH INBEV P 2021-11-17 2024-11-08
500 SH ANHEUSER BUSCH INBEV P 2022-10-31 2024-11-08
500 SH APTIV PLC D 2021-09-24 2024-07-05
100 SH APTIV PLC D 2023-10-26 2024-07-05
1000 SH AT&T P 2022-10-31 2024-09-13
200 SH BLACKSTONE INC D 2021-11-11 2024-11-08
50 SH CORPAY INC P 2020-10-20 2024-04-01
100 SH DIAGEO PLC P 2011-03-08 2024-07-05
395 EOG RESOURCES INC P 2020-10-20 2024-06-04
100 SH EXPEDIA GROUP INC P 2017-11-28 2024-07-05
1 SH EXXON MOBIL P 2024-03-19 2024-05-06
31 SH GE VERNOVA INC D 2021-07-09 2024-06-05
319 SH GE VERNOVA INC D 2022-08-11 2024-06-05
200 SH GODADDY INC P 2021-07-09 2024-07-05
GRAIL INC P 2024-06-05 2024-06-26
200 SH INGERSOLL RAND P 2021-08-31 2024-11-08
2440 SH KYNDRYL HOLDINGD INC P 2022-10-31 2024-04-29
1960 SH KYNDRYL HOLDINGD INC P 2022-10-11 2024-04-29
200 SH MARATHON PETROLEUM CORP D 2023-10-27 2024-02-26
50 SH MASTERCARD D 2021-09-24 2024-11-08
50 SH MASTERCARD D 2021-11-11 2024-11-08
100 SH MICROSOFT CORP D 2020-12-17 2024-02-26
100 SH MICROSOFT CORP D 2020-12-17 2024-03-04
150 SH MICROSOFT CORP D 2020-12-17 2024-07-05
50 SH MICROSOFT CORP D 2020-12-17 2024-11-08
2000 SH MILLERKNOLL INC P 2022-10-31 2024-01-24
500 SH NORDSTROM INC P 2019-06-18 2024-09-10
2500 SH NORDSTROM INC P 2020-10-20 2024-09-10
300 SH NVIDIA CORP D 2023-10-26 2024-02-26
50 SH NVIDIA CORP D 2017-12-22 2024-02-26
200 SH NVIDIA CORP D 2024-03-01 2024-03-04
200 SH NVIDIA CORP D 2024-03-01 2024-03-04
500 SH PRUDENTIAL FINANCIAL INC P 2015-10-07 2024-04-05
300 SH PRUDENTIAL FINANCIAL INC P 2018-11-06 2024-04-05
700 SH QUALCOMM D 2024-07-01 1974-07-05
300 SH QUALCOMM D 2024-07-01 2024-11-08
200 SH REINSURANCE GROUP AMERICA INC P 2022-08-09 2024-04-09
270 SH REINSURANCE GROUP AMERICA INC P 2021-11-17 2024-04-09
50 SH SCHLUMBERGER LTD D 2023-10-27 2024-07-05
500 SH SHELL PLC P 2022-10-11 2024-02-26
190 SH STRATASYS P 2017-11-28 2024-09-17
1500 SH STRATASYS P 2020-02-10 2024-09-17
2000 SH STRATASYS P 2022-10-31 2024-09-17
300 SH UNITED AIRLINES HOLDINGS INC D 2018-10-08 2024-11-08
200 SH UNITED AIRLINES HOLDINGS INC D 2024-03-04 2024-11-08
500 SH XPO INC D 2021-11-11 2024-02-09
500 SH XPO INC D 2021-11-11 2024-02-09
500 SH XPO INC D 2018-05-31 2024-02-09
500 SH XPO INC D 2017-12-22 2024-02-26
Capital Gains Dividends P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 24,035   19,843 4,192
b 48,071   31,158 16,913
c 24,036   14,053 9,983
d 22,150   25,781 -3,631
e 3,345     3,345
7,695   23,047 -15,352
16,560   5,674 10,886
22,080   25,946 -3,866
70,121   16,645 53,476
47,060   11,096 35,964
57,208   59,360 -2,152
28,604   25,064 3,540
35,055   11,920 23,135
7,010   4,239 2,771
21,630   18,200 3,430
35,521   4,416 31,105
15,250   12,272 2,978
12,928   7,813 5,115
47,151   14,314 32,837
12,348   12,533 -185
105   98 7
5,202   1,422 3,780
53,059   14,638 38,421
28,752   17,380 11,372
6   5 1
20,485   10,595 9,890
48,515   23,588 24,927
38,971   16,160 22,811
34,636   6,067 28,569
26,379   1,058 25,321
26,379   1,058 25,321
40,885   2,923 37,962
41,505   2,923 38,582
70,011   4,385 65,626
21,166   1,461 19,705
53,835   42,343 11,492
11,035   16,237 -5,202
55,174   31,456 23,718
237,817   2,072 235,745
39,636   345 39,291
173,273   1,381 171,892
173,273   1,381 171,892
57,720   38,859 18,861
34,632   29,399 5,233
144,119   10,483 133,636
51,581   13,514 38,067
38,099   24,960 13,139
51,434   30,200 21,234
23,145   8,750 14,395
31,640   25,089 6,551
1,425   4,323 -2,898
11,253   28,284 -17,031
15,005   28,865 -13,860
26,155   13,281 12,874
17,437   8,854 8,583
59,665   4,021 55,644
59,665   3,933 55,732
59,665   3,927 55,738
60,525   3,890 56,635
1,931     1,931
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       4,192
b       16,913
c       9,983
d       -3,631
e       3,345
      -15,352
      10,886
      -3,866
      53,476
      35,964
      -2,152
      3,540
      23,135
      2,771
      3,430
      31,105
      2,978
      5,115
      32,837
      -185
      7
      3,780
      38,421
      11,372
      1
      9,890
      24,927
      22,811
      28,569
      25,321
      25,321
      37,962
      38,582
      65,626
      19,705
      11,492
      -5,202
      23,718
      235,745
      39,291
      171,892
      171,892
      18,861
      5,233
      133,636
      38,067
      13,139
      21,234
      14,395
      6,551
      -2,898
      -17,031
      -13,860
      12,874
      8,583
      55,644
      55,732
      55,738
      56,635
      1,931
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 1,680,071
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 26,283
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 26,283
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 26,283
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 6,238
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 6,238
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 463
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 20,508
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 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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 arrowNJ
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 2024 or the taxable year beginning in 2024? 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 arrowGAY LANE Telephone no.right arrow (917) 757-6006

Located atright arrowPO BOX 1972BOCA GRANDEFL ZIP+4right arrow33921
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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 C LANE TRUSTEE
1.00 		0 0 0
PO BOX 1972
BOCA GRANDE,FL33921
SHARON GAY LANE TRUSTEE
1.00 		0 0 0
PO BOX 1972
BOCA GRANDE,FL33921
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 (2024)
Form 990-PF (2024)
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  
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 (2024)
Form 990-PF (2024)
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
8,113,681
b
Average of monthly cash balances.......................
1b
1,586,173
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
9,699,854
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
9,699,854
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
145,498
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,554,356
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
477,718
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
477,718
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
26,283
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
26,283
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
451,435
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
451,435
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
451,435
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
1,139,470
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
1,139,470
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 451,435
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 481,605
b From 2020...... 248,490
c From 2021...... 785,478
d From 2022...... 458,126
e From 2023...... 156,581
f Total of lines 3a through e ........ 2,130,280
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,139,470
a Applied to 2023, 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 2024 distributable amount..... 451,435
e Remaining amount distributed out of corpus 688,035
5 Excess distributions carryover applied to 2024. 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 2,818,315
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		481,605
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		2,336,710
10 Analysis of line 9:
a Excess from 2020.... 248,490
b Excess from 2021.... 785,478
c Excess from 2022.... 458,126
d Excess from 2023.... 156,581
e Excess from 2024.... 688,035
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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).)
DOUGLAS C LANE
SHARON GAY LANE
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

ARTS QUEST

25 WEST 3RD STREET
BETHLEHEM,PA18015 		N/A PUBLIC CHARITY GENERAL PURPOSES 10,000

LEHIGH UNIVERSITY

27 MEMORIAL DRIVE WEST
BETHLEHEM,PA18015 		N/A PUBLIC CHARITY ATHLETIC DEPARTMENT 375,000

PULMONARY FIBROSIS FOUNDATION

230 EAST OHIO STREET
CHICAGO,IL60611 		N/A PUBLIC CHARITY GENERAL PURPOSES 70,000

SWIM ACROSS AMERICA

8508 PARK ROAD
CHARLOTTE,NC28210 		N/A PUBLIC CHARITY GENERAL PURPOSES 5,000

JUST HORIZONS ALLIANCE

566 COMMONWEALTH AVENUE
BOSTON,MA02215 		N/A PUBLIC CHARITY GENERAL PURPOSES 200,000

DAVIS AND ELKINS

100 CAMPUS DRIVE
ELKINS,WV26241 		N/A PUBLIC CHARITY GENERAL PURPOSES 100,000

PERLMAN MUSIC PROGRAM SUNCOAST

PO BOX 3407
SARASOTA,FL34230 		N/A PUBLIC CHARITY GENERAL PURPOSES 25,000

CAMP LEELANAU KOHAHNA FOUNDATION

1653 SPORT ONEIDA RD
MAPLE CITY,MI49664 		N/A PUBLIC CHARITY GENERAL PURPOSES 200,000

HEALTHNETWORK FOUNDATION

3550 LANDER ROAD SUITE 225
PEPPER PIKE,OH44124 		N/A PUBLIC CHARITY GENERAL PURPOSES 50,000

BOCA GRANDE HEALTH CLINIC FOUNDATION

PO BOX 2340
BOCA GRANDE,FL33921 		N/A PUBLIC CHARITY GENERAL PURPOSES 1,000

FRIENDS OF BOCA GRANDE

131 FIRST STREET WEST
BOCA GRANDE,FL33921 		N/A PUBLIC CHARITY GENERAL PURPOSES 10,000

ROCKLAND DEVELOPMENT PROGRAM

198 CHARLES STREET
CLIFTON,NJ07013 		N/A PUBLIC CHARITY GENERAL PURPOSES 1,000

A SHOT FOR LIFE

80 POPLAR STREET
WATERTOWN,MA02472 		N/A PUBLIC CHARITY GENERAL PURPOSES 500

SPECIAL OPERATION WARRIOR FOUNDATION

1137 MARBELLA PLAZA DRIVE
TAMPA,FL33619 		N/A PUBLIC CHARITY GENERAL PURPOSES 64,970

NEVER FORGET RIDE

1137 MARBELLA PLAZA DRIVE
TAMPA,FL33619 		N/A PUBLIC CHARITY GENERAL PURPOSES 2,000

ACCENT DANCE

57 WEST 57TH STREET
NEW YORK,NY10019 		N/A PUBLIC CHARITY GENERAL PURPOSES 25,000
Total .................................right arrow 3a 1,139,470
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 77,042  
4 Dividends and interest from securities ....     14 162,040  
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 ............ 		    18 616,580  
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) .. 0 855,662 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
855,662
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE DOUG AND GAY LANE FOUNDATION
 
Employer identification number

22-3554995
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE DOUG AND GAY LANE FOUNDATION
  		Employer identification number
22-3554995
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
DOUGLAS C LANE
PO BOX 1972
 
BOCA GRANDE, FL33921

$ 415,491


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
GAY LANE
PO BOX 1972
 
BOCA GRANDE, FL33921

$ 450,413


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE DOUG AND GAY LANE FOUNDATION
  		Employer identification number

22-3554995
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 200 SH NVIDIA CORP $ 161,736 2024-03-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 250 SH ALNYLAM PHARMACEUTICALS INC $ 61,247 2024-12-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 290 SH BLACKSTONE INC $ 92,615 2024-12-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 500 SH ALPHABET INC CL C $ 99,893 2024-12-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 200 SH NVIDIA CORP $ 161,736 2024-03-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 200 SH MICROSOFT CORP $ 90,303 2024-07-01
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
THE DOUG AND GAY LANE FOUNDATION
  		Employer identification number

22-3554995
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 200 SH QUALCOMM INC $ 39,675 2024-07-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 800 SH QUALCOMM INC $ 158,699 2024-07-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE DOUG AND GAY LANE FOUNDATION
  		Employer identification number

22-3554995
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 InvestmentsCorpStockSchedule
Name:
THE DOUG AND GAY LANE FOUNDATION
EIN:
22-3554995
Name of Stock End of Year Book Value End of Year Fair Market Value
1000 SH AMERICAN EXPRESS CO 143,950 296,790
2500 SH BRISTOL-MYERS SQUIBB CO 132,771 141,400
4500 SH DELTA AIR LINES INC 86,687 272,250
50 SH EQUINIX INC 6,289 47,145
1200 SH EXPEDITORS INTL OF WASHINGTON 86,826 132,924
7000 SH FORD MOTOR CO 60,189 69,300
3000 SH GENERAL MOTORS CO 98,187 159,810
200 SH HONEYWELL INTL INC 20,062 45,178
300 SH ILLINOIS TOOL WORKS INC 16,252 76,068
2000 SH MACYS INC 37,980 33,860
400 SH MASTERCARD INC 65,591 210,628
1300 SH MERCK INC 62,484 129,324
600 SH PAYPAL HOLDINGS INC 88,456 51,210
1400 SH QUALCOMM INC 78,410 215,068
1500 SH US BANCORP 63,385 71,745
400 SH VERISK ANALYTICS INC 25,123 110,172
800 SH VISA INC 80,655 252,832
620 SH VULCAN MATERIALS CO 28,129 159,483
1994 SH APTIV PLC 137,580 120,597
700 SH JPMORGAN CHASE 72,634 167,797
300 SH MICROSOFT CORP 38,996 126,450
700 SH CHEVRON 87,946 101,388
2000 SH COCA COLA CO 101,621 124,520
1500 SH BLACKSTONE INC 196,408 258,630
635 SH TRUIST FINANCIAL CORP 24,244 27,546
1000 SH CITIGROUP INC 47,010 70,390
2000 SH INTERNATIONAL FLAVORS & FRAGRANCES INC 169,142 169,100
200 SH ESTEE LAUDER COS INC 52,417 14,996
1000 SH SIMON PROPERTY GROUP INC 98,138 172,210
2500 SH UNITED AIRLINES HOLDINGS INC 79,075 242,750
100 SH CHARTER COMMUNICATIONS 54,156 34,277
2000 SH COMCAST CORP 112,025 75,060
2020 SH CVS HEALTH CORP 166,925 90,678
1400 SH GE AEROSPACE 69,748 233,506
800 SH GODADDY INC 62,479 157,896
1500 SH GXO LOGISTICS 79,369 65,250
800 SH INGERSOLL RAND 38,507 72,368
1000 SH INTERNATIONAL BUSINESS MACHINES 131,121 219,830
6000 SH KIMCO REALTY CORP 128,364 140,580
700 SH MODERNA INC 102,634 29,106
2000 SH NESTLE 206,392 165,252
730 SH REINSURANCE GROUP AMERICA 81,651 155,950
800 SH SMUCKER J M 92,356 88,096
300 SH FERRARI N V 60,413 127,452
1000 SH BANK OF AMERICA CORP 31,284 43,950
1000 SH DISNEY WALT 99,137 111,350
2000 SH FREEPORT MCMORAN INC 68,233 76,160
3200 SH GSK PLC 133,507 108,224
10000 SH HALEON PLC 80,779 95,400
2000 SH IHEARTMEDIA INC 14,812 3,960
3000 SH RXO INC 68,099 71,520
1000 SH STANLEY BLACK & DECKER 77,476 80,290
1500 SH ALCOA CORP 42,573 56,670
400 SH APA CORP 16,000 9,236
500 SH AUTODESK INC 102,435 147,785
4000 SH CLEVELAND CLIFFS 67,988 37,600
700 SH JOHNSON & JOHNSON 103,457 101,234
850 SH LOWES COS 157,533 209,780
300 SH MARATHON PETROLEUM CORP 43,923 41,850
70 SH MARTIN MARIETTA MATERIALS INC 24,697 36,155
1000 SH NEW YORK TIMES 41,287 52,050
500 SH NUCOR CORP 73,875 58,355
1000 SH SCHLUMBERGER LTD 49,133 38,340
500 SH WHEATON PRECIOUS METAL 26,317 28,120
6000 SH ORGANON & CO 74,626 89,520
300 SH WORKDAY INC 64,457 77,409
4000 SH AES CORP 73,029 51,480
100 SH AIR PRODUCTS & CHEMICALS INC 27,006 29,004
250 SH ALNYLAM PHRMACEUTICALS 61,248 58,828
500 SH ALPHABET INC 99,893 95,220
600 SH AMERICAN TOWER 118,018 110,046
500 SH BOEING CO 107,293 88,500
1000 SH CF INDUSTRIES HOLDINGS INC 77,336 85,320
5000 SH COMPAGNIE FINNCIERE RICHEMONT 79,570 76,083
1200 SH EXXON MOBIL 105,031 139,841
83 SH GRAIL 1,315 1,482
5000 SH HEALTHPEAK PROPERTIES INC 114,296 101,350
500 SH HERSHEY CO 95,503 84,675
800 SH ILLUMINA INC 83,611 106,904
800 SH NOVARTIS A G 82,203 77,848
600 SH PEPSICO INC 100,376 91,236
200 SH RBC BEARINGS INC 54,018 59,828
500 SH RTX CORP 45,050 57,860
500 SH TECK RESOURCES LTD 24,424 20,265

TY 2024 OtherExpensesSchedule
Name:
THE DOUG AND GAY LANE FOUNDATION
EIN:
22-3554995
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSE 24,450 24,450   0


TY 2024 TaxesSchedule
Name:
THE DOUG AND GAY LANE FOUNDATION
EIN:
22-3554995
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 3,809 3,809   0