Wallace E and Hazel C Loft Scholarship Trust
Wallace E and Hazel C Loft Scholarship Trust is a private foundation based in Marshalltown, Iowa. Its 2025 filing reports scholarships to individual recipients, and its 2024 filing describes eligibility requirements tied to Janesville Consolidated School and attendance at specified Iowa universities.
Wallace E and Hazel C Loft Scholarship Trust at a glance
In short: Wallace E and Hazel C Loft Scholarship Trust gave $41K across 15 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,950
- +65.5% vs 2024
- Grants made (2025)
- 15
- +200.0% vs 2024
- Average grant
- $2,730
- -44.8% vs 2024
- Median grant
- $3,000
- Total assets
- $719,834
- +6.7% 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 October 2026.
How to apply to Wallace E and Hazel C Loft Scholarship Trust
- How to Apply
-
The 2024 filing says applicants should contact the guidance counselor at Janesville Consolidated School and submit an application with a summary of qualifications. It restricts awards to graduates or students graduating that year from Janesville Consolidated School who are attending the University of Iowa, Iowa State University, or the University of Northern Iowa.
- Review Cycle
- April 8 was listed on the 2024 filing. This deadline is past as of October 2, 2026.
- Deadline
- April 8 was listed on the 2024 filing.
- Contact
Application contact: Guidance Counselor Janesville Con
Mailing address: 505 Barrick Road, Janesville, IA 50647
Phone: (319) 987-2581
Email: chad.angel@janesvilleschools.net
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Wallace E and Hazel C Loft Scholarship Trust funds
How this funder distributes its grants
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.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
States
Cities
How Wallace E and Hazel C Loft Scholarship Trust gives
- Giving grew 86% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $22K (2022) to $47K (2023). In 2025 it made 15 grants totaling $41K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 15 individual scholarships Recipients not named | — | $40,950 |
Ready to take the next step with Wallace E and Hazel C Loft Scholarship Trust?
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 | $719,834 | $16,225 | $13,022 | $40,950 | 15 | $12,836 | $323 | $34,872 |
| 2024 | $674,774 | $49,479 | $37,439 | $24,750 | 5 | $12,550 | $33,766 | $32,779 |
| 2023 | $630,580 | $17,082 | $60,279 | $46,890 | 6 | $60,080 | $16,883 | $31,132 |
| 2022 | $613,680 | $69,639 | $33,822 | $22,050 | 7 | $33,767 | $69,584 | $31,735 |
| 2021 | $769,955 | $40,366 | $42,848 | $32,500 | 11 | $42,784 | $40,302 | $37,156 |
| 2020 | $724,400 | $25,095 | $43,123 | $33,000 | 14 | — | $25,066 | $33,167 |
Under IRS private-foundation payout rules, Wallace E and Hazel C Loft Scholarship Trust reported a distributable amount of $35K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Grantmaking
In filing year 2025, the foundation gave $40,950 through 15 grants. Grant amounts ranged from $1,500 to $4,950, with a median of $3,000. The largest reported award was $4,950; the other listed awards ranged from $1,500 to $3,000. All 2025 grant dollars went to recipients in Iowa.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kevin R Hitchins, Gary L Burke, and Barbara Reid as trustees.
Wallace E and Hazel C Loft Scholarship Trust's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Barbara Reid
Trustee
On filings since 2020
No compensation reported
Gary L. Burke
Trustee
On filings since 2020
No compensation reported
Kevin R. Hitchins
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Wallace E and Hazel C Loft Scholarship Trust
How much does Wallace E and Hazel C Loft Scholarship Trust give each year?
Wallace E and Hazel C Loft Scholarship Trust gave $41K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 5 grants.
What is Wallace E and Hazel C Loft Scholarship Trust's typical grant size?
Wallace E and Hazel C Loft Scholarship Trust's median grant in 2025 was $3,000, and its average grant was $2,730, across 15 grants on its 2025 IRS Form 990-PF.
Where does Wallace E and Hazel C Loft Scholarship Trust give grants?
Wallace E and Hazel C Loft Scholarship Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Wallace E and Hazel C Loft Scholarship Trust give general operating support?
Not in 2025: none of the 15 grants with a stated purpose on Wallace E and Hazel C Loft Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (15 grants).
How large is Wallace E and Hazel C Loft Scholarship Trust?
Wallace E and Hazel C Loft Scholarship Trust reported $720K in total assets on its 2025 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $35K (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.
How do I apply for a grant from Wallace E and Hazel C Loft Scholarship Trust?
The 2024 filing says applicants should contact the guidance counselor at Janesville Consolidated School and submit an application with a summary of qualifications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- 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 April 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 20, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 21, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 14, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Wallace E and Hazel C Loft Scholarship Trust funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Wallace E and Hazel C Loft Scholarship Trust's focus areas in our free grants database
Similar Funders
Similar funders in Iowa
Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn
Des Moines, IA
The Community Foundation of Greater Des Moines supports projects that improve quality of life in Greater Des Moines, including housing and transportation access, health, economic opportunity, inclusive communities, and nonprofit capacity-building. Its 2024 itemized grants had a median of about $12,900, though awards ranged from roughly $5,000 to $7.34 million.
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino Inc
Altoona, IA
Prairie Meadows supports Iowa nonprofits in arts and culture, education, economic development, human services, and youth sports and recreation; Legacy grants focus on large-scale projects in central Iowa. Its programs offer $100–$1 million for Legacy, $100–$99,999 for Community Betterment, and $1,000–$50,000 for Youth Sports and Recreation. It accepts applications through its online system; the 2026 deadline was February 27, 2026, and has passed.
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
Quad Cities Community Foundation
Bettendorf, IA
Quad Cities Community Foundation funds nonprofit operations and programs across areas including education, health, arts and culture, community development, youth, and the environment, primarily in Rock Island County, Illinois, and Scott County, Iowa, with some service to surrounding counties. Its 2024 grants had a median of $15,000; its Operations and Programs Grants program lists requests of $5,000–$20,000.
Assets
$209.7M
Grants
263
Total Given
$7.5M
Dupaco RW Hoefer Foundation
Dubuque, IA
The Dupaco RW Hoefer Foundation supports education, charitable work, and organizations or causes that enhance quality of life, with most 2025 grant dollars going to Iowa, followed by Florida, Wisconsin, and Illinois. Grants ranged from $100 to $100,000, with a median of $1,000. It directs applicants to a grant application form and says it does not restrict giving to preselected organizations.
Assets
$10.2M
Grants
141
Total Given
$440K
More similar funders
More Funders in Iowa
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Wallace E and Hazel C Loft Scholarship Trust'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.
Wallace E and Hazel C Loft Scholarship Trust down — hundreds of funders to go?