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Also known as: SCHOLARSHIP TRUST
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Wallace E And Hazel C Loft Scholarship Trust is a private trust based in MARSHALLTOWN, IA. The foundation received its IRS ruling in 2016. The principal officer is Kevin R Hitchins. It holds total assets of $675K. Annual income is reported at $267K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Iowa. According to available records, Wallace E And Hazel C Loft Scholarship Trust has made 45 grants totaling $156K, with a median grant of $3K. Annual giving has grown from $33K in 2020 to $47K in 2023. Individual grants have ranged from $1K to $8K, with an average award of $3K. The foundation has supported 25 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$2K
Largest Grant
$3K
Based on 14 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Wallace E And Hazel C Loft Scholarship Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 45 grants. Its grantmaking reaches organizations primarily in IA.
Wallace E And Hazel C Loft Scholarship Trust has distributed a total of $156K across 45 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $1K to $8K.
The application deadline is APRIL 8. Must be a graduate or graduating in current year from janesville consolidated school and attending the university of iowa, iowa state university or the university of northern iowa.
Wallace E And Hazel C Loft Scholarship Trust is headquartered in MARSHALLTOWN, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Barbara Reid | TRUSTEE | $0 | $0 | N/A |
| Kevin R Hitchins | TRUSTEE | $0 | $0 | N/A |
| Gary L Burke | TRUSTEE | $0 | $0 | N/A |
Total Giving
$60K
Total Assets
$631K
Fair Market Value
N/A
Net Worth
$631K
Grants Paid
$47K
Contributions
N/A
Net Investment Income
$17K
Distribution Amount
$31K
Total Grants
45
Total Giving
$156K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
25
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mackenzie BengenSCHOLARSHIP | Janesville, IA | $8K | 2023 |
| Heather AlbertsSCHOLARSHIP | Janesville, IA | $8K | 2023 |
| Jaclynn FenclSCHOLARSHIP | Waverly, IA | $8K | 2023 |
| Anna GregorsokSCHOLARSHIP | Cedar Falls, IA | $8K | 2023 |
| Bryce JenseniusSCHOLARSHIP | Janesville, IA | $8K | 2023 |
| Elliott WallerSCHOLARSHIP | Janesville, IA | $8K | 2023 |
| Kassidy DunbarSCHOLARSHIP | Cedar Falls, IA | $4K | 2022 |
| Kennedy EastmanSCHOLARSHIP | Janesville, IA | $3K | 2022 |
| Christian MauerSCHOLARSHIP | Cedar Falls, IA | $3K | 2022 |
| Samuel SeedorffSCHOLARSHIP | Janesville, IA | $3K | 2022 |
| Kennedy RiekenSCHOLARSHIP | Janesville, IA | $2K | 2022 |
| Paige FeldmanSCHOLARSHIP | Janesville, IA | $4K | 2021 |
| Nick JenseniusSCHOLARSHIP | Janesville, IA | $3K | 2021 |
| Josh McdermottSCHOLARSHIP | Cedar Falls, IA | $3K | 2021 |
| Keigan FeldmannSCHOLARSHIP | Janesville, IA | $3K | 2021 |
| Molly StanhopeSCHOLARSHIP | Janesville, IA | $3K | 2021 |
| Ryan HansonSCHOLARSHIP | Janesville, IA | $3K | 2021 |
| Madison StanhopeSCHOLARSHIP | Janesville, IA | $3K | 2021 |
| Haven MartinSCHOLARSHIP | Cedar Falls, IA | $3K | 2020 |
| Karlee BoyleSCHOLARSHIP | Janesville, IA | $3K | 2020 |
| Samantha WyckoffSCHOLARSHIP | Janesville, IA | $3K | 2020 |
| Kennedy ReikenSCHOLARSHIP | Janesville, IA | $2K | 2020 |
| Morgan CharleySCHOLARSHIP | Janesville, IA | $2K | 2020 |
| Megan KorteSCHOLARSHIP | Janesville, IA | $2K | 2020 |
| Jack A MauerSCHOLARSHIP | Cedar Falls, IA | $1K | 2020 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA