Larry & Frankie Hager Trust 2
Larry & Frankie Hager Trust 2 is a private foundation, based in Owensboro, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $630K in total assets. In 2025, it awarded 1 grant totaling $29K. Net investment income was $87K.
Larry & Frankie Hager Trust 2 at a glance
In short: Larry & Frankie Hager Trust 2 gave $29K across 1 grant in 2025 (avg $29K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $28,500
- -4.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $28,500
- -4.9% vs 2024
- Median grant
- $28,500
- Total assets
- $629,709
- +9.1% vs 2024
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Larry & Frankie Hager Trust 2 funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Kentucky Wesleyan College ($29K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Larry & Frankie Hager Trust 2 gives
- In 2025 it paid out 86% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $29K (2025) to $402K (2023). In 2025 it made 1 grant totaling $29K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kentucky Wesleyan College Owensboro, KY | General | $28,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $629,709 | $92,828 | $40,361 | $28,500 | 1 | $34,259 | $87,070 | $39,818 |
| 2024 | $577,242 | $826 | $43,926 | $29,959 | 1 | $35,846 | $10,472 | $38,252 |
| 2023 | $620,342 | $90,891 | $669,926 | $401,854 | 1 | $410,089 | $82,567 | $53,236 |
| 2022 | $1,199,377 | $101,130 | $15,577 | — | — | $6,726 | $94,283 | $64,377 |
| 2021 | $1,113,824 | $88,388 | $14,984 | — | — | $7,509 | $80,866 | $68,127 |
| 2020 | $1,040,496 | $19,773 | $13,272 | — | — | — | $17,532 | $58,034 |
| 2019 | $1,034,461 | $32,756 | $13,613 | — | — | — | $26,798 | $56,495 |
Under IRS private-foundation payout rules, Larry & Frankie Hager Trust 2 reported a distributable amount of $40K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Larry & Frankie Hager Trust 2's only listed officer is Independence Bank, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Independence Bank
Trustee
On filings since 2022
3 hrs/week
$5K (2023) → $9K (2025)
Former officers (1)
- Former: PNC Bank NA (2019–2023) — Trustee -
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $9K, to Independence Bank (Trustee).
Frequently asked questions about Larry & Frankie Hager Trust 2
How much does Larry & Frankie Hager Trust 2 give each year?
Larry & Frankie Hager Trust 2 gave $29K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 1 grant.
How large is Larry & Frankie Hager Trust 2?
Larry & Frankie Hager Trust 2 reported $630K in total assets on its 2025 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $40K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Larry & Frankie Hager Trust 2 operate?
Larry & Frankie Hager Trust 2 has awarded grants in Kentucky.
What is Larry & Frankie Hager Trust 2's EIN?
Larry & Frankie Hager Trust 2's EIN (Employer Identification Number) is 46-4550119. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 4, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Larry & Frankie Hager Trust 2 funds
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