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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$122K
-7.4% YoY
Annual Giving
$2K
+0.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$500
+0.0% YoY
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.
About Elaine M Lane Testamentary Trust
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $121,713 | $131,429 |
| Revenue | $5,975 | $4,895 |
| Expenses | $4,599 | $4,125 |
| Qualifying Distributions | $4,599 | $4,125 |
| Net Investment Income | $2,876 | $2,270 |
| Distributable Amount | $6,403 | $6,298 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Isaac D Thompson ($500), Madison R Lensing ($500), Claire E Girkin ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| ISAAC D THOMPSON CHARLES CITY, IA | COLLEGE SCHOLARSHIP | $500 |
| MADISON R LENSING CHARLES CITY, IA | COLLEGE SCHOLARSHIP | $500 |
| CLAIRE E GIRKIN IONIA, IA | COLLEGE SCHOLARSHIP | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAUREN HEUBERGER | TRUST OFFICER | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Elaine M Lane Testamentary Trust?
As of 2024, Elaine M Lane Testamentary Trust holds $122K in total assets with $6K in annual revenue. It awarded 3 grants totaling $2K in 2024.
Where does Elaine M Lane Testamentary Trust operate?
Elaine M Lane Testamentary Trust has awarded grants in Iowa.
What size grants does Elaine M Lane Testamentary Trust award?
In 2024, Elaine M Lane Testamentary Trust awarded 3 grants totaling $2K — an average of about $500 per grant, based on its IRS Form 990 filings.
How much is Elaine M Lane Testamentary Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Elaine M Lane Testamentary Trust reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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