Loyal and True Foundation is a private foundation focused on Education, based in ERIE, PA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.5M in total assets. In 2024, it awarded 6 grants totaling $290K. Net investment income was $37K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.5M
+13.4% YoY
Annual Giving
$290K
+51.8% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$48K
+26.5% YoY
About Loyal and True Foundation
Based on IRS filings
Loyal and True Foundation is a private foundation focused on Education, based in ERIE, PA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.5M in total assets. In 2024, it awarded 6 grants totaling $290K. Net investment income was $37K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,510,022 | $3,976,131 | $3,745,001 |
| Revenue | $89,125 | $52,622 | $-177,486 |
| Expenses | $292,408 | $192,922 | $286,767 |
| Qualifying Distributions | $291,800 | $192,476 | $286,418 |
| Net Investment Income | $36,517 | $24,000 | $12,399 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cathedral Preparatory School ($100,000), Give Blue Hope ($100,000), Kennedy Catholic High School ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PADUA FRANCISCAN HIGH SCHOOL PARMA, OH | GENERAL OPERATING | $10,000 |
| KENNEDY CATHOLIC HIGH SCHOOL HERMITAGE, PA | GENERAL OPERATING | $50,000 |
| CATHEDRAL PREPARATORY SCHOOL ERIE, PA | GENERAL OPERATING | $100,000 |
| ST JOHN SCHOOL ASHTABULA, OH | GENERAL OPERATING | $20,000 |
| GIVE BLUE HOPE PAPILLON, NE | GENERAL OPERATING | $100,000 |
| CHILDREN'S HEART FOUNDATION NORTHBROOK, IL | GENERAL OPERATING | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTOPHER HAGERTY | Chairman | 2 | — |
| DAVID HALLMAN JR | Secretary | 1 | — |
| LAWRENCE FUREY CPA | Treasurer | 1 | — |
| MICHAEL HAGERTY | Director | 1 | — |
| JOHN DETISCH | Director | 1 | — |
| OWEN MCCORMICK | Director | 1 | — |
| JENNIE HAGERTY | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Loyal and True Foundation?
Loyal and True Foundation is a private foundation focused on Education, based in ERIE, PA. It holds $4.5M in total assets as of 2024.
How large is Loyal and True Foundation?
As of 2024, Loyal and True Foundation holds $4.5M in total assets with $89K in annual revenue. It awarded 6 grants totaling $290K in 2024.
Where does Loyal and True Foundation operate?
Loyal and True Foundation has awarded grants in Delaware, Illinois, Massachusetts, Nebraska, Ohio, Pennsylvania.
What size grants does Loyal and True Foundation award?
In 2024, Loyal and True Foundation awarded 6 grants totaling $290K — an average of about $48K per grant, based on its IRS Form 990 filings.
What is Loyal and True Foundation's EIN?
Loyal and True Foundation's EIN (Employer Identification Number) is 86-3729886. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Loyal and True Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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