The Bill & Phyllis Lane Foundation
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.
The Bill & Phyllis Lane Foundation at a glance
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.
- Annual giving (2025)
- $57,500
- +71.6% vs 2024
- Grants made (2025)
- 12
- +33.3% vs 2024
- Average grant
- $4,792
- +28.7% vs 2024
- Median grant
- $5,000
- Total assets
- $539,910
- +25.0% vs 2024
- New grantees (estimate)
- 25% first-time grantees (3 of 12, 2025; small sample)
- 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 October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Bill & Phyllis Lane Foundation
- 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.
- Contact
Mailing address: 2101 S Center Street, Marshalltown, IA 50158
Phone: (641) 753-5900
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Bill & Phyllis Lane Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
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
The most common grant size was under $50K: 44 grants of 44 (100%).
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
Share of 2025 grant dollars across all 12 itemized grants.
States
Cities
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. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $34K (2024) to $61K (2023). In 2025 it made 12 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Child Abuse Prevention Services Marshalltown, IA | GRANT | $8,000 |
| Emergency Food Box Marshalltown, IA | GRANT | $8,000 |
| MCC Foundation Marshalltown, IA | GRANT | $7,500 |
| Marshalltown Auditorium Foundation Marshalltown, IA | GRANT | $5,000 |
| Marshalltown Federation of Women's Clubs - Binford House Marshalltown, IA | GRANT | $5,000 |
| Riverside Cemetery Marshalltown, IA | GRANT | $5,000 |
| Marshalltown Community Band Marshalltown, IA | GRANT | $5,000 |
| House of Compassion Marshalltown, IA | GRANT | $4,000 |
| YSS of Marshall County Marshalltown, IA | GRANT | $3,000 |
| Marshalltown Youth Foundation Marshalltown, IA | GRANT | $3,000 |
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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 | $539,910 | $172,352 | $64,540 | $57,500 | 12 | $57,500 | $165,312 | $23,935 |
| 2024 | $432,098 | $52,682 | $39,635 | $33,500 | 9 | $33,500 | $42,547 | $25,161 |
| 2023 | $419,051 | $24,916 | $66,244 | $60,500 | 13 | $60,500 | $19,172 | $25,459 |
| 2022 | $460,379 | $12,556 | $5,702 | — | — | — | $6,854 | $27,419 |
| 2021 | $453,525 | $313,949 | $45,605 | $39,500 | 10 | $39,500 | $5,844 | $21,463 |
| 2020 | $185,181 | $11,914 | $40,018 | $35,000 | 12 | — | $7,046 | $14,502 |
| 2019 | $213,285 | $48,685 | $44,397 | $39,555 | 16 | — | $48,685 | $14,492 |
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.
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.
The largest grants included $8,000 each to Child Abuse Prevention Services and Emergency Food Box; $7,500 to MCC Foundation; and $5,000 each to Marshalltown Auditorium Foundation, Marshalltown Federation of Women's Clubs – Binford House, Riverside Cemetery, and Marshalltown Community Band. Other listed recipients included House of Compassion ($4,000), YSS of Marshall County ($3,000), Marshalltown Youth Foundation ($3,000), Iowa River Hospice ($2,000), and Marshalltown YMCA-YWCA ($2,000).
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
The highest reported compensation on the 2025 filing was $5K, to UBT Trust Officer - Christian McMur (Secretary/Treasurer).
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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work The Bill & Phyllis Lane Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Cite this profile
Grantable. (2026). The Bill & Phyllis Lane Foundation funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/the-bill-and-phyllis-lane-foundation-morg_69a742544b914269b5fe0d8fc86ee99e
BibTeX
@misc{grantable_421474367_2026,
author = {{Grantable}},
title = {{The Bill \& Phyllis Lane Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-bill-and-phyllis-lane-foundation-morg_69a742544b914269b5fe0d8fc86ee99e},
note = {Accessed 2026-10-22. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Bill & Phyllis Lane Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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