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.
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
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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 | $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 |
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 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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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