Wallace E and Hazel C Loft Scholarship Trust
Wallace E and Hazel C Loft Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARSHALLTOWN, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $675K in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $34K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$675K
+7.0% YoY
Annual Giving
$25K
-47.2% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$5K
-36.7% YoY
Under IRS private-foundation payout rules, Wallace E and Hazel C Loft Scholarship Trust reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
About Wallace E and Hazel C Loft Scholarship Trust
Based on IRS filings
Wallace E and Hazel C Loft Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARSHALLTOWN, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $675K in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $34K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $674,774 | $630,580 | $613,680 |
| Revenue | $49,479 | $17,082 | $69,639 |
| Expenses | $37,439 | $60,279 | $33,822 |
| Qualifying Distributions | $12,550 | $60,080 | $33,767 |
| Net Investment Income | $33,766 | $16,883 | $69,584 |
| Distributable Amount | $32,779 | $31,132 | $31,735 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ashleigh Panning ($4,950), Jaclynn Fencl ($4,950), Bryce Jensenius ($4,950).
| Recipient | Purpose | Amount |
|---|---|---|
| ASHLEIGH PANNING Janesville, IA | SCHOLARSHIP | $4,950 |
| JACLYNN FENCL Cedar Falls, IA | SCHOLARSHIP | $4,950 |
| BRYCE JENSENIUS Janesville, IA | SCHOLARSHIP | $4,950 |
| HEATHER ALBERTS Janesville, IA | SCHOLARSHIP | $4,950 |
| HAYLEIGH HEISER Janesville, IA | SCHOLARSHIP | $4,950 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN R HITCHINS | TRUSTEE | — | — |
| GARY L BURKE | TRUSTEE | — | — |
| BARBARA REID | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wallace E and Hazel C Loft Scholarship Trust?
Wallace E and Hazel C Loft Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARSHALLTOWN, IA. It holds $675K in total assets as of 2024.
How large is Wallace E and Hazel C Loft Scholarship Trust?
As of 2024, Wallace E and Hazel C Loft Scholarship Trust holds $675K in total assets with $49K in annual revenue. It awarded 5 grants totaling $25K in 2024.
Where does Wallace E and Hazel C Loft Scholarship Trust operate?
Wallace E and Hazel C Loft Scholarship Trust has awarded grants in Iowa.
What size grants does Wallace E and Hazel C Loft Scholarship Trust award?
In 2024, Wallace E and Hazel C Loft Scholarship Trust awarded 5 grants totaling $25K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Wallace E and Hazel C Loft Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wallace E and Hazel C Loft Scholarship Trust reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wallace E and Hazel C Loft Scholarship Trust's EIN?
Wallace E and Hazel C Loft Scholarship Trust's EIN (Employer Identification Number) is 47-6965500. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.