H Carl & William Lage Loan

Private foundation · Grantmaker Harlan, IA EIN: 42-0369519

H Carl & William Lage Loan is a private foundation, based in Harlan, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 1 grant totaling $28K. Net investment income was $42K.

Key facts about H Carl & William Lage Loan

In short: H Carl & William Lage Loan gave $28K across 1 grant in 2025 (avg $28K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

EIN
42-0369519
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$27,745
Grants made (2025)
1
Average grant
$27,745
Median grant
$27,745
Total assets
$1,589,646
Primary geography
Iowa (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.6M

+2.9% YoY

Annual Giving

$28K

Grant Count

1

Avg Grant Size

$28K

Under IRS private-foundation payout rules, H Carl & William Lage Loan reported a distributable amount of $75K for 2025 — the minimum it must pay out in qualifying distributions.

How H Carl & William Lage Loan gives

  • Giving grew 121% from 2022 to 2025. Method
  • In 2025 it paid out 37% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Everywhere

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 0 grants2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $10K (2023) to $47K (2019). In 2025 it made 1 grant totaling $28K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Universities and Colleges: $28KUniversities and Colleges$28K

The largest 2025 recipient was Universities and Colleges ($28K).

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 4 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Universities and Colleges Everywhere, IATuition$27,745

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,589,646$1,544,779$1,585,392
Revenue$79,367$66,287$49,912
Expenses$63,853$44,954$43,881
Qualifying Distributions$27,745$18,209$9,545
Net Investment Income$41,966$48,891$45,119
Distributable Amount$74,943$72,407$73,245

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS January 3, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS January 6, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 12, 2023)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 24, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS September 11, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS July 17, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS July 9, 2026)
  8. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

H Carl & William Lage Loan is led by James Reischl, President on every filing since 2021 — the only officer listed, and uncompensated.

Officers on the 2025 filing

  • James Reischl

    President

    On filings since 2021

    No compensation reported

Former officers (13)
  • Former: Al Hazelton (2019–2024) — V. President
  • Former: Joni Larsen (2019–2024) — Director
  • Former: Monte Schechinger (2019–2024) — Director
  • Former: Joe Herzberg (2020–2024) — Director
  • Former: Greg Bladt (2021–2024) — Director
  • Former: Jade Albertsen (2021–2024) — Director
  • Former: Jenn Arkfeld (2023) — Director
  • Former: Jennifer Anderson (2023) — Director
  • Former: Roger Kenkel (2023) — Director
  • Former: Amy Rueschenburg (2019–2020) — President
  • Former: Jessica Andersen (2019–2020) — V. President
  • Former: Seth Piro (2019–2020) — Director
  • Former: Thera Lawler (2019) — Director

Data from IRS Form 990 filings, 2019–2025. "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 H Carl & William Lage Loan

How much does H Carl & William Lage Loan give each year?

H Carl & William Lage Loan gave $28K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.

How large is H Carl & William Lage Loan?

H Carl & William Lage Loan reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $28K in qualifying distributions that year, against a required minimum of $75K (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.

Where does H Carl & William Lage Loan operate?

H Carl & William Lage Loan has awarded grants in Iowa.

What is H Carl & William Lage Loan's EIN?

H Carl & William Lage Loan's EIN (Employer Identification Number) is 42-0369519. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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