Larry & Frankie Hager Trust 2

OWENSBORO, KY EIN: 46-4550119

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $432K (100%)

States

Kentucky

Cities

Owensboro

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.