Hagan Foundation
Hagan Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grant totaling $20K. Net investment income was $49.
Hagan Foundation at a glance
In short: Hagan Foundation gave $20K across 1 grant in 2023 (avg $20K), mostly in Pennsylvania. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $20,000
- -77.8% vs 2022
- Grants made (2023)
- 1
- -75.0% vs 2022
- Average grant
- $20,000
- -11.1% vs 2022
- Median grant
- $20,000
- Primary geography
- Pennsylvania (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Hagan Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Philadelphia Youth Basketball Inc ($20K).
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 20 grants of 29 (69%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How Hagan Foundation gives
- Giving fell 97% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). 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 2023, annual grant giving ranged from $20K (2023) to $700K (2020). In 2023 it made 1 grant totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Philadelphia Youth Basketball Inc Philadelphia, PA | General & Unrestricted | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $1,477 | $34,709 | $20,000 | 1 | $34,678 | $49 | $389 |
| 2022 | $33,232 | $-1,520 | $99,826 | $90,000 | 4 | $99,698 | $698 | $4,530 |
| 2021 | $134,578 | $1,518 | $407,888 | $401,500 | 12 | $407,828 | $1,757 | $16,564 |
| 2020 | $540,948 | $3,897 | $721,443 | $699,500 | 12 | — | $3,897 | $43,639 |
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.
Leadership & Key People
Officers and directors from IRS filings
Hagan Foundation is led by Michael Hagan, Director, President & Secretary on every filing since 2020; none of the 2 officers listed in 2023 report compensation.
Officers on the 2023 filing
Michael Hagan
Director, President & Secretary
On filings since 2020
1 hr/week
No compensation reported
John Hagan Jr.
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "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 Hagan Foundation
How much does Hagan Foundation give each year?
Hagan Foundation gave $20K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $90K across 4 grants.
Where does Hagan Foundation operate?
Hagan Foundation has awarded grants in Florida, Minnesota, Pennsylvania.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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