The present invention relates to a collapsing jack stand for lifting off road vehicles, heavy equipment, boats, recreational vehicles, trailers, etc. The invention has a saddle for receiving an axel of a piece of equipment that is to be lifted by the stand. The saddle is adjustable in height and is supported above the ground by an upright member mounted on a base, with a brace member helping to support the upright member on the base. The collapsing jack stand is designed to be pivoted downward and folded into a flattened configuration when not in use, making it easy to store in a limited space. Only one bolt must be removed to collapse the jack stand.