Elaine M Lane Testamentary Trust
Elaine M Lane Testamentary Trust is a private foundation focused on Education, based in Mason City, IA. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $127K in total assets. In 2025, it awarded 3 grants totaling $2K. Net investment income was $9K.
Elaine M Lane Testamentary Trust at a glance
In short: Elaine M Lane Testamentary Trust gave $2K across 3 grants in 2025 (avg $650), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,950
- +30.0% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $650
- +30.0% vs 2024
- Median grant
- $650
- Total assets
- $126,666
- +4.1% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Elaine M Lane Testamentary Trust funds
How this funder distributes its grants
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Elaine M Lane Testamentary Trust gives
- In 2025 it paid out 54% 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 2025, annual grant giving ranged from $2K (2023) to $2K (2025). In 2025 it made 3 grants totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $1,950 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $126,666 | $10,412 | $5,136 | $1,950 | 3 | $3,516 | $8,831 | $6,474 |
| 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 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Elaine M Lane Testamentary Trust is led by Lauren Heuberger, Trustee since 2025 (on filings since 2023) — the only officer listed, and compensated.
Officers on the 2025 filing
Lauren Heuberger
Trustee
Trust Officer → Trustee, 2025
On filings since 2023
1 hr/week
$2K (2025)
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Lauren Heuberger (Trustee).
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 2025, according to its 2025 IRS Form 990-PF. In 2024 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 2025 was $650, and its average grant was $650, across 3 grants on its 2025 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 2025 IRS Form 990-PF went to recipients there.
Does Elaine M Lane Testamentary Trust give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Elaine M Lane Testamentary Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (3 grants).
How large is Elaine M Lane Testamentary Trust?
Elaine M Lane Testamentary Trust reported $127K in total assets on its 2025 IRS Form 990-PF. It paid out $4K 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 Mason City, IA. It holds $127K in total assets as of 2025.
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 2023–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 21, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 8, 2026)
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Elaine M Lane Testamentary Trust funds
Education Open opportunities, soonest deadline first.
- UK Annual Writing Award: 'Pleasure in the Task of Writing' £250 (1st prize); £50 (runners-up); books for school library · Due November 5, 2026
- Nellie Mae Event Sponsorship Fund Grant Up to US $5,000 · Due November 5, 2026
- Rubin and Gloria Feldman Family Educational Institute Up to $5,000 · Due November 5, 2026
Explore Open Grants
Browse active grant opportunities in Elaine M Lane Testamentary Trust's focus areas in our free grants database
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