The Bill & Phyllis Lane Foundation

Private foundation · Grantmaker Marshalltown, IA EIN: 42-1474367

The Bill & Phyllis Lane Foundation is a private foundation based in Marshalltown, Iowa. Its 2025 filing lists grants to charitable organizations in Marshalltown, including organizations providing food and shelter, hospice care, youth services, and community and cultural programming.

Key facts about The Bill & Phyllis Lane Foundation

In short: The Bill & Phyllis Lane Foundation gave $58K across 12 grants in 2025 (avg $5K), mostly in Iowa. 25% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
42-1474367
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$57,500
Grants made (2025)
12
Average grant
$4,792
Median grant
$5,000
New grantees (estimate)
25% first-time grantees (3 of 12, 2025)
Total assets
$539,910
Primary geography
Iowa (100% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$540K

+25.0% YoY

Annual Giving

$58K

+71.6% YoY

Grant Count

12

+33.3% YoY

Avg Grant Size

$5K

+28.7% YoY

Under IRS private-foundation payout rules, The Bill & Phyllis Lane Foundation reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.

Is The Bill & Phyllis Lane Foundation open to new grantees?

25%

first-time grantees, 2025

In 2025, 3 of 12 grantees (25%) were first-time recipients. First grants averaged $4K; repeat grants $5K. How we count

Medians: $3K first-time, $5K repeat.

  • 75% of 2025 grantees were also funded in 2024. Method
  • In 2025 it paid out 240% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2025 grants went to organizations whose stated work includes purchasing and distributing groceries to people in need (Emergency Food Box), providing food and shelter for low-income and homeless people (House of Compassion), and offering hospice care and bereavement support (Iowa River Hospice).

Grantmaking

In filing year 2025, the foundation made 12 grants totaling $57,500. Grants ranged from $2,000 to $8,000, with a median grant of $5,000.

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Geographic Focus

Where this funder awards grants

All grant dollars reported for 2025 went to recipients in Iowa. All 12 listed recipients were in Marshalltown.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 12 itemized grants.

States

Cities

MarshalltownConrad

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K16 grants2019 12 grants2020 10 grants2021 0 grants2022 13 grants2023 9 grants2024 12 grants2025

From 2019 to 2025, annual grant giving ranged from $34K (2024) to $61K (2023). In 2025 it made 12 grants totaling $58K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Child Abuse Prevention Services: $8KChild Abuse PreventionServices$8KEmergency Food Box: $8KEmergency Food Box$8KMCC Foundation: $8KMCC Foundation$8KMarshalltown Auditorium Foundation: $5KMarshalltown AuditoriumFoundation$5KMarshalltown Federation of Women's Clubs - Binford House: $5KMarshalltown Federation ofWomen's Clubs - Binford House$5KRiverside Cemetery: $5KRiverside Cemetery$5KMarshalltown Community Band: $5KMarshalltown Community Band$5KHouse of Compassion: $4KHouse of Compassion$4KYSS of Marshall County: $3KYSS of Marshall County$3KMarshalltown Youth Foundation: $3KMarshalltown Youth Foundation$3K

The largest 2025 recipient was Child Abuse Prevention Services ($8K). Together the top 10 received $54K.

Grant Size Distribution

44 grants across all recorded years

44<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 44 grants of 44 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Child Abuse Prevention Services Marshalltown, IAGRANT$8,000
Emergency Food Box Marshalltown, IAGRANT$8,000
MCC Foundation Marshalltown, IAGRANT$7,500
Marshalltown Auditorium Foundation Marshalltown, IAGRANT$5,000
Marshalltown Federation of Women's Clubs - Binford House Marshalltown, IAGRANT$5,000
Riverside Cemetery Marshalltown, IAGRANT$5,000
Marshalltown Community Band Marshalltown, IAGRANT$5,000
House of Compassion Marshalltown, IAGRANT$4,000
YSS of Marshall County Marshalltown, IAGRANT$3,000
Marshalltown Youth Foundation Marshalltown, IAGRANT$3,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $539,910 $172,352 $64,540 $57,500 (12 grants)
2024 $432,098 $52,682 $39,635 $33,500 (9 grants)
2023 $419,051 $24,916 $66,244 $60,500 (13 grants)
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$539,910$432,098$419,051
Revenue$172,352$52,682$24,916
Expenses$64,540$39,635$66,244
Qualifying Distributions$57,500$33,500$60,500
Net Investment Income$165,312$42,547$19,172
Distributable Amount$23,935$25,161$25,459

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 May 11, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
  8. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists William A. Lane III and Nicholas J. Lane as directors, and UBT Trust Officer – Christian McMur as secretary/treasurer.

The Bill & Phyllis Lane Foundation's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Nicholas J. Lane

    Director

    On filings since 2019

    No compensation reported

  • William A. Lane III

    Director

    On filings since 2019

    No compensation reported

  • Ubt Trust Officer - Christian McMur

    Secretary & Treasurer

    On filings since 2023

    2 hrs/week

    $5K (2023) → $5K (2025)

Former officers (2)
  • Former: Ub T. Trust Officer - Robert Thomas (2021–2022) — Secretary & Treasurer
  • Former: Ub T. Trust Officer - Erik Nilius (2019–2020) — Secretary & Treasurer

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.

Compensation Overview

From 2025 IRS filing

UBT Trust Officer - Christian McMur — Secretary/Treasurer: $5KUBT Trust Officer…Secretary/Treasurer$5K

The highest reported compensation on the 2025 filing was $5K, to UBT Trust Officer - Christian McMur (Secretary/Treasurer).

Contact

Mailing address: 2101 S Center Street, Marshalltown, IA 50158
Phone: (641) 753-5900

Frequently asked questions about The Bill & Phyllis Lane Foundation

How much does The Bill & Phyllis Lane Foundation give each year?

The Bill & Phyllis Lane Foundation gave $58K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $34K across 9 grants.

What is The Bill & Phyllis Lane Foundation's typical grant size?

The Bill & Phyllis Lane Foundation's median grant in 2025 was $5,000, and its average grant was $4,792, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Bill & Phyllis Lane Foundation that year got $4K on average.

Where does The Bill & Phyllis Lane Foundation give grants?

The Bill & Phyllis Lane Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Marshalltown, IA (12 grants).

Does The Bill & Phyllis Lane Foundation give general operating support?

Not in 2025: none of the 12 grants with a stated purpose on The Bill & Phyllis Lane Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Grant" (12 grants).

Who are The Bill & Phyllis Lane Foundation's largest grantees?

The Bill & Phyllis Lane Foundation's largest 2025 grantees include Child Abuse Prevention Services ($8,000), Emergency Food Box ($8,000) and MCC Foundation ($7,500), according to its 2025 IRS Form 990-PF. Together they received 41% of its itemized 2025 grant dollars.

How large is The Bill & Phyllis Lane Foundation?

The Bill & Phyllis Lane Foundation reported $540K in total assets on its 2025 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets).

What does The Bill & Phyllis Lane Foundation fund?

No mission statement for the foundation is provided. See mission & focus areas ↑

How do I apply for a grant from The Bill & Phyllis Lane Foundation?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is The Bill & Phyllis Lane Foundation's EIN?

The Bill & Phyllis Lane Foundation's EIN (Employer Identification Number) is 42-1474367. IRS Form 990 filing data is available on this page for 2019–2025.

Does The Bill & Phyllis Lane Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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