NET WORTH: Unknown
SOURCE OF WEALTH: Douglas C. Lane & Associates
FUNDING AREAS: Education & Youth, Health & Human Services
OVERVIEW: Doug Lane and his wife Gay conduct their philanthropy through the Doug and Gay Lane Foundation, which gave away around $1.2 million in a recent year. Lane steadily supports his alma mater Lehigh University. Educational and health causes are top 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.
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.
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.
The Doug and Gay Lane Foundation does not provide a clear avenue of contact but below is an address:
Doug and Gay Lane Foundation
6 Bradford Way
Cedar Grove, NJ 07009