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 |
Ready to take the next step with Larry & Frankie Hager Trust 2?
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
Explore Open Grants
Browse active grant opportunities in Larry & Frankie Hager Trust 2's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Kentucky
The Foundation of the Catholic Diocese of Columbus
Columbus, OH
It funds Catholic parishes, education, vocations, and ministries, including related community services, primarily across the 23-county Diocese of Columbus. In 2025, grants ranged from $5,132 to $1,717,576, with a median of $20,000. It accepts online applications in a fall responsive grant cycle from eligible parishes, schools, and other specified or invited organizations; individuals are not eligible.
Assets
$289.0M
Grants
235
Total Given
$12.6M
Public Life Foundation of Owensboro Inc
Owensboro, KY
The foundation funds citizen participation in community decisions and public policy, with particular interests in youth and education, including early childhood learning, reading, teaching, and postsecondary attainment. Its 2024 grants ranged from $1,000 to $320,000, with a median of $3,000; its focus is Owensboro-Daviess County, though most 2024 grant dollars went to Kentucky recipients. It does not accept unsolicited requests and contributes only to preselected charitable organizations.
Assets
$2.4M
Grants
22
Total Given
$4.4M
Carson-Myre Charitable Foundation
Paducah, KY
The foundation funds cultural programs, health care, Christian ministries and education, and human services, with most 2024 grant dollars going to organizations in Kentucky and some support in other states. Its 2024 grants ranged from $5,000 to $1.27 million, with a median award of $25,000. The profile says to contact Clay Howerton and consult the foundation’s guidelines; it does not state whether unsolicited requests are accepted.
Assets
$55.9M
Grants
152
Total Given
$8.9M
The Community Foundation of Louisville Depository Inc
Louisville, KY
The Community Foundation of Louisville supports a broad range of causes, including arts, parks, education, social services, and libraries, with most 2025 grant dollars going to Kentucky organizations. Its 2025 grants had a median of $15,200 and ranged from $5,100 to over $2.3 million; the available information does not say whether it accepts unsolicited requests.
Assets
$24.0M
Grants
421
Total Given
$20.5M
TW Frank C King
Chicago, IL
Assets
$258K
Grants
2
Total Given
$18K
Edward E Meyer Trust
Cincinnati, OH
Assets
$1.9M
Grants
1
Total Given
$104K
More similar funders
More Funders in Kentucky
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Larry & Frankie Hager Trust 2's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Larry & Frankie Hager Trust 2 down — hundreds of funders to go?