Elaine M Lane Testamentary Trust
Elaine M Lane Testamentary Trust is a private foundation focused on Education, based in Charles City, IA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $122K in total assets. In 2024, it awarded 3 grants totaling $2K. Net investment income was $3K.
Elaine M Lane Testamentary Trust at a glance
In short: Elaine M Lane Testamentary Trust gave $2K across 3 grants in 2024 (avg $500), mostly in Iowa. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,500
- +0.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $500
- +0.0% vs 2023
- Median grant
- $500
- Total assets
- $121,713
- -7.4% vs 2023
- Primary geography
- Iowa (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Elaine M Lane Testamentary Trust funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Elaine M Lane Testamentary Trust gives
- In 2024 it paid out 72% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $2K (2023) to $2K (2024). In 2024 it made 3 grants totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $121,713 | $5,975 | $4,599 | $1,500 | 3 | $4,599 | $2,876 | $6,403 |
| 2023 | $131,429 | $4,895 | $4,125 | $1,500 | 3 | $4,125 | $2,270 | $6,298 |
Under IRS private-foundation payout rules, Elaine M Lane Testamentary Trust reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Elaine M Lane Testamentary Trust's only listed officer is Lauren Heuberger, Trust Officer on every filing since 2023 (uncompensated).
Officers on the 2024 filing
Lauren Heuberger
Trust Officer
On filings since 2023
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Elaine M Lane Testamentary Trust
How much does Elaine M Lane Testamentary Trust give each year?
Elaine M Lane Testamentary Trust gave $2K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 3 grants.
What is Elaine M Lane Testamentary Trust's typical grant size?
Elaine M Lane Testamentary Trust's median grant in 2024 was $500, and its average grant was $500, across 3 grants on its 2024 IRS Form 990-PF.
Where does Elaine M Lane Testamentary Trust give grants?
Elaine M Lane Testamentary Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Elaine M Lane Testamentary Trust give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Elaine M Lane Testamentary Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarship" (3 grants).
How large is Elaine M Lane Testamentary Trust?
Elaine M Lane Testamentary Trust reported $122K in total assets on its 2024 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Elaine M Lane Testamentary Trust?
Elaine M Lane Testamentary Trust is a private foundation focused on Education, based in Charles City, IA. It holds $122K in total assets as of 2024.
What is Elaine M Lane Testamentary Trust's EIN?
Elaine M Lane Testamentary Trust's EIN (Employer Identification Number) is 82-5276023. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
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