Larry & Frankie Hager Trust 2 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 $577K in total assets. In 2024, it awarded 1 grants totaling $30K. Net investment income was $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$577K
-6.9% YoY
Annual Giving
$30K
-92.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$30K
-92.5% YoY
Under IRS private-foundation payout rules, Larry & Frankie Hager Trust 2 reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
About Larry & Frankie Hager Trust 2
Based on IRS filings
Larry & Frankie Hager Trust 2 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 $577K in total assets. In 2024, it awarded 1 grants totaling $30K. Net investment income was $10K.
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 | $577,242 | $620,342 | $1,199,377 |
| Revenue | $826 | $90,891 | $101,130 |
| Expenses | $43,926 | $669,926 | $15,577 |
| Qualifying Distributions | $35,846 | $410,089 | $6,726 |
| Net Investment Income | $10,472 | $82,567 | $94,283 |
| Distributable Amount | $38,252 | $53,236 | $64,377 |
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 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kentucky Wesleyan College ($29,959).
| Recipient | Purpose | Amount |
|---|---|---|
| KENTUCKY WESLEYAN COLLEGE OWENSBORO, KY | GENERAL | $29,959 |
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 | $8,799 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Larry & Frankie Hager Trust 2?
Larry & Frankie Hager Trust 2 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OWENSBORO, KY. It holds $577K in total assets as of 2024.
How large is Larry & Frankie Hager Trust 2?
As of 2024, Larry & Frankie Hager Trust 2 holds $577K in total assets with $826 in annual revenue. It awarded 1 grants totaling $30K in 2024.
Where does Larry & Frankie Hager Trust 2 operate?
Larry & Frankie Hager Trust 2 has awarded grants in Kentucky.
What size grants does Larry & Frankie Hager Trust 2 award?
In 2024, Larry & Frankie Hager Trust 2 awarded 1 grants totaling $30K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is Larry & Frankie Hager Trust 2 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Larry & Frankie Hager Trust 2 reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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