The Lane Anderson designation honours the maiden names of Robert Fitzhenry's mother, Margaret Lane, and his wife, Hilda Anderson Fitzhenry. The Fitzhenry Family Foundation is a privately directed Canadian foundation established in 1987 by Canadian publisher Robert I. Fitzhenry (1918-2008).

The Lane Anderson Award will be administered by Christopher Alam, a partner at the law firm of Gowling Lafleur Henderson LLP.