Larry & Frankie Hager Trust 1
Larry & Frankie Hager Trust 1 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Owensboro, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $649K in total assets. In 2024, it made $6K in qualifying distributions. Net investment income was $12K.
Key facts about Larry & Frankie Hager Trust 1
- EIN
- 46-4562608
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $649,155
Data from IRS Form 990-PF, 2024; updated September 2026.
How Larry & Frankie Hager Trust 1 gives
- In 2024 it paid out 15% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Larry & Frankie Hager Trust 1
- How to evaluate Larry & Frankie Hager Trust 1 as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Larry & Frankie Hager Trust 1 with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$649K
-2.7% YoY
Revenue
$-2,670
-102.0% YoY
Qualifying Distributions
$6K
-98.6% YoY
Expenses
$16K
-97.7% YoY
Under IRS private-foundation payout rules, Larry & Frankie Hager Trust 1 reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
About Larry & Frankie Hager Trust 1
Based on IRS filings
Larry & Frankie Hager Trust 1 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Owensboro, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $649K in total assets. In 2024, it made $6K in qualifying distributions. Net investment income was $12K.
Focus Areas
Ready to take the next step with Larry & Frankie Hager Trust 1?
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 | $649,155 | $667,403 | $1,210,084 |
| Revenue | $-2,670 | $134,388 | $98,124 |
| Expenses | $15,578 | $677,069 | $16,039 |
| Qualifying Distributions | $6,014 | $417,560 | $6,818 |
| Net Investment Income | $12,026 | $126,166 | $91,175 |
| Distributable Amount | $39,639 | $60,272 | $65,191 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Independence Bank | Trustee | 3 | $9,051 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Larry & Frankie Hager Trust 1?
Larry & Frankie Hager Trust 1 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Owensboro, KY. It holds $649K in total assets as of 2024.
How large is Larry & Frankie Hager Trust 1?
As of 2024, Larry & Frankie Hager Trust 1 holds $649K in total assets with $-2,670 in annual revenue.
Where does Larry & Frankie Hager Trust 1 operate?
Larry & Frankie Hager Trust 1 has awarded grants in Kentucky.
How much is Larry & Frankie Hager Trust 1 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Larry & Frankie Hager Trust 1 reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Larry & Frankie Hager Trust 1's EIN?
Larry & Frankie Hager Trust 1's EIN (Employer Identification Number) is 46-4562608. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Larry & Frankie Hager Trust 1's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Kentucky Humanities Council Inc
Lexington, KY
Assets
$7.4M
Grants
2
Total Given
$27K
Owensboro Health Inc
Owensboro, KY
Assets
$2.8B
Grants
21
Total Given
$1.7M
LPL Financial Foundation Inc
Boston, MA
Assets
$7.8M
Grants
55
Total Given
$2.3M
Triangle Community Foundation Inc
Durham, NC
Assets
$335.8M
Grants
599
Total Given
$26.7M
The Community Foundation of
Louisville, KY
Assets
$766.9M
Grants
678
Total Given
$55.0M
AARP
Washington, DC
Assets
$13.1B
Grants
688
Total Given
$35.8M
Ge Aerospace Foundation
Norwalk, CT
Assets
$22.5M
Grants
2,467
Total Given
$15.3M
Baird Foundation Inc
Milwaukee, WI
Assets
—
Grants
3,751
Total Given
$6.6M
LG&E and Ku Foundation Inc
Louisville, KY
Assets
—
Grants
497
Total Given
$4.3M
The Community Foundation of Louisville
Louisville, KY
Assets
$24.0M
Grants
421
Total Given
$20.5M
John B & Brownie Young Memorial Fund
Owensboro, KY
Assets
$13.7M
Grants
398
Total Given
$655K
Blue Grass Community Foundation Inc
Lexington, KY
Assets
$253.0M
Grants
369
Total Given
$23.4M
More Funders in Kentucky
Data last updated September 2026. Sourced from IRS Form 990-PF filings.