SOURCE OF WEALTH: Douglas C. Lane & Associates
FUNDING AREAS: Education & Youth, Health & Human Services
OVERVIEW: Doug and Gay Lane conduct their philanthropy through the Doug and Gay Lane Foundation, wich., according to available tax filings, gave away around $760,000 in 2017. Doug steadily supports his alm mater Lehigh University. Educational and health causes are top giving priorities.
BACKGROUND: Douglas C. Lane graduated from Lehigh University in 1967 and received his MBA from University of Michigan in 1968. Lane was a research analyst, portfolio manager, and partner at a private investment counsel firm for 26 years. He went on to establish Douglas C. Lane & Associates in 1994, a registered investment advisory firm based in New York City.
ISSUES:
EDUCATION & YOUTH: The Lanes steadily support Lehigh University, where Lane has sat on the board of trustees. They endowed a classroom in the Rauch Business Center, supported the Linderman Library renovation, and sponsored the Lane Challenge Climbing Wall, among other efforts at the university. Other grantees have included Girls Inc. (where Gay has sat on the national board of directors), Columbia University, King School, University of Michigan, and Institute for Biocultural Study of Religion, which has received particularly strong support lately.
HEALTH & HUMAN SERVICES: Grantees have included Boca Grande Health Clinic Foundation, Broadway Housing, Cedar Grove Ambulance Rescue, Leukemia & Lymphoma Society, and Pulmonary Fibrosis Foundation.
OTHER: The couple have directed funds to a donor-advised fund within the The Dayton Foundation.
LOOKING FORWARD: Expect the family to stick with their select interest areas for now.
CONTACT:
The Doug and Gay Lane Foundation does not provide a clear avenue of contact but below is an address:
Doug and Gay Lane Foundation
77 Third Avene 38 Fl.
New York, NY 10017
