Chad and Patti Hagwood Foundation
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
10
+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
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.
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 | $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
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.
Explore Open Grants
Browse active grant opportunities in Chad and Patti Hagwood Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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