Hagan Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grants totaling $20K. Net investment income was $49.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$20K
-77.8% YoY
Grant Count
1
-75.0% YoY
Avg Grant Size
$20K
-11.1% YoY
Under IRS private-foundation payout rules, Hagan Foundation reported a distributable amount of $389 for 2023 — the minimum it must pay out in qualifying distributions.
About Hagan Foundation
Based on IRS filings
Hagan Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grants totaling $20K. Net investment income was $49.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $33,232 | $134,578 |
| Revenue | $1,477 | $-1,520 | $1,518 |
| Expenses | $34,709 | $99,826 | $407,888 |
| Qualifying Distributions | $34,678 | $99,698 | $407,828 |
| Net Investment Income | $49 | $698 | $1,757 |
| Distributable Amount | $389 | $4,530 | $16,564 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2023
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Philadelphia Youth Basketball Inc ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PHILADELPHIA YOUTH BASKETBALL INC PHILADELPHIA, PA | General & Unrestricted | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Hagan | Dir, Pres, Sec | 1 | — |
| John Hagan Jr | Dir, VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hagan Foundation?
Hagan Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds — in total assets as of 2023.
Where does Hagan Foundation operate?
Hagan Foundation has awarded grants in Florida, Minnesota, Pennsylvania.
What size grants does Hagan Foundation award?
In 2023, Hagan Foundation awarded 1 grants totaling $20K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Hagan Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Hagan Foundation reported a distributable amount of $389 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hagan Foundation's EIN?
Hagan Foundation's EIN (Employer Identification Number) is 20-3757753. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Hagan 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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