Chad and Patti Hagwood Foundation

BIRMINGHAM, AL EIN: 88-0595075

Chad and Patti Hagwood Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $497K in total assets. In 2024, it awarded 10 grants totaling $81K. Net investment income was $14K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$497K

+51.8% YoY

Annual Giving

$81K

+266.2% YoY

Grant Count

+66.7% YoY

Avg Grant Size

$8K

+119.7% YoY

Under IRS private-foundation payout rules, Chad and Patti Hagwood Foundation reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.

About Chad and Patti Hagwood Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $104K (100%)

States

Alabama

Cities

BirminghamColumbianaIrondaleLeedsOakman

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$496,646	$327,224	$228,677
Revenue	$257,090	$129,487	$229,504
Expenses	$87,668	$30,940	$827
Qualifying Distributions	$81,386	$22,224	—
Net Investment Income	$13,555	$5,910	$3,677
Distributable Amount	$20,790	$12,377	$6,883

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ronald Mcdonald House Charities of Al ($34,500), Make-a-wish Foundation ($20,000), Crime Stoppers of Metro Alabama Inc ($10,000).

Recipient	Purpose	Amount
ASHVILLE ROAD CHURCH OF CHRIST LEEDS, AL	OPERATING SUPPORT OF ORGANIZATION	$1,186
GREYSTONE FOUNDATION BIRMINGHAM, AL	OPERATING SUPPORT OF ORGANIZATION	$7,500
INDIAN CREEK YOUTH CAMP OAKMAN, AL	OPERATING SUPPORT OF ORGANIZATION	$3,000
MARY D JOHNSON HERITAGE FOUNDATION BIRMINGHAM, AL	OPERATING SUPPORT OF ORGANIZATION	$1,000
RONALD MCDONALD HOUSE CHARITIES OF AL BIRMINGHAM, AL	OPERATING SUPPORT OF ORGANIZATION	$34,500
CRIME STOPPERS OF METRO ALABAMA INC BIRMINGHAM, AL	OPERATING SUPPORT OF ORGANIZATION	$10,000
MAKE-A-WISH FOUNDATION BIRMINGHAM, AL	OPERATING SUPPORT OF ORGANIZATION	$20,000
LEVITE JEWISH COMMUNITY CENTER BIRMINGHAM, AL	OPERATING SUPPORT OF ORGANIZATION	$2,500
JUSTIN GEPPERT FAMILY BIRMINGHAM, AL	SUPPORT	$500
SHELBY COUNTY LAW ENFORCEMENT CHAPLAINS ASSOCIATION COLUMBIANA, AL	OPERATING SUPPORT OF ORGANIZATION	$1,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHAD HAGWOOD	DIRECTOR	0.5	—
PATTI HAGWOOD	DIRECTOR	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Chad and Patti Hagwood Foundation?

Chad and Patti Hagwood Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $497K in total assets as of 2024.

How large is Chad and Patti Hagwood Foundation?

As of 2024, Chad and Patti Hagwood Foundation holds $497K in total assets with $257K in annual revenue. It awarded 10 grants totaling $81K in 2024.

Where does Chad and Patti Hagwood Foundation operate?

Chad and Patti Hagwood Foundation has awarded grants in Alabama.

What size grants does Chad and Patti Hagwood Foundation award?

In 2024, Chad and Patti Hagwood Foundation awarded 10 grants totaling $81K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Chad and Patti Hagwood Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Chad and Patti Hagwood Foundation reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Chad and Patti Hagwood Foundation's EIN?

Chad and Patti Hagwood Foundation's EIN (Employer Identification Number) is 88-0595075. IRS Form 990 filing data is available on this page for 2022–2024.