Philip H Hagemann Foundation Inc

NEW YORK, NY EIN: 87-0858823

Philip H Hagemann Foundation Inc is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $830K in total assets. In 2024, it awarded 2 grants totaling $40K. Net investment income was $140K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$830K

+12.1% YoY

Annual Giving

$40K

+11.1% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$20K

-44.4% YoY

Under IRS private-foundation payout rules, Philip H Hagemann Foundation Inc reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.

About Philip H Hagemann Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $51K (55%)

New York $42K (45%)

States

Indiana New York

Cities

EvansvilleNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$830,346	$740,923	$558,993
Revenue	$155,247	$237,293	$704,397
Expenses	$50,446	$45,214	$30,898
Qualifying Distributions	$45,037	$40,421	$24,099
Net Investment Income	$140,273	$224,013	$7,294
Distributable Amount	$34,633	$34,716	$18,593

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Pegasus Opera USA ($25,000), Community Foundation Alliance ($15,000).

Recipient	Purpose	Amount
Community Foundation Alliance Evansville, IN	Charitable Purposes	$15,000
Pegasus Opera USA New York, NY	Charitable Purposes	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Philip H Hagemann	President	1	—
Murray Rosenthal	Vice President	1	—
Jon Quint	Secretary	1	—

Frequently Asked Questions

How large is Philip H Hagemann Foundation Inc?

As of 2024, Philip H Hagemann Foundation Inc holds $830K in total assets with $155K in annual revenue. It awarded 2 grants totaling $40K in 2024.

Where does Philip H Hagemann Foundation Inc operate?

Philip H Hagemann Foundation Inc has awarded grants in Indiana, New York.

What size grants does Philip H Hagemann Foundation Inc award?

In 2024, Philip H Hagemann Foundation Inc awarded 2 grants totaling $40K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is Philip H Hagemann Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Philip H Hagemann Foundation Inc reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Philip H Hagemann Foundation Inc's EIN?

Philip H Hagemann Foundation Inc's EIN (Employer Identification Number) is 87-0858823. IRS Form 990 filing data is available on this page for 2022–2024.